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Net Interest Income (Tables) | 6 Months Ended
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Jun. 30, 2024
Banking and Thrift, Interest [Abstract] |
Schedule of Components of Interest Income and Interest Expense | The following table details the components of the Company's interest income and interest expense for the three and six months ended June 30, 2024 and 2023, respectively (dollar amounts in thousands):
| For the Three Months Ended June 30, |  | For the Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Interest income |  |  |  |  |  |  |
Residential loans |  |  |  |  |  |  |
Residential loans | $ | 11,798 |  |  | $ | 12,290 |  |  | $ | 23,486 |  |  | $ | 29,244 |
Consolidated SLST | 9,154 |  |  | 8,440 |  |  | 17,281 |  |  | 17,173 |
Residential loans held in securitization trusts | 30,101 |  |  | 25,136 |  |  | 57,032 |  |  | 49,857 |
Total residential loans | 51,053 |  |  | 45,866 |  |  | 97,799 |  |  | 96,274 |
Investment securities available for sale | 35,450 |  |  | 7,491 |  |  | 68,354 |  |  | 10,659 |
Multi-family loans | 2,669 |  |  | 2,742 |  |  | 5,311 |  |  | 5,179 |
Other | 1,603 |  |  | 1,441 |  |  | 3,202 |  |  | 2,564 |
Total interest income | 90,775 |  |  | 57,540 |  |  | 174,666 |  |  | 114,676 |
Interest expense |  |  |  |  |  |  |
Repurchase agreements | 41,580 |  |  | 16,847 |  |  | 80,733 |  |  | 29,915 |
Collateralized debt obligations |  |  |  |  |  |  |
Consolidated SLST | 6,752 |  |  | 5,966 |  |  | 12,553 |  |  | 12,280 |
Residential loan securitizations | 20,652 |  |  | 16,950 |  |  | 39,027 |  |  | 34,327 |
Total collateralized debt obligations | 27,404 |  |  | 22,916 |  |  | 51,580 |  |  | 46,607 |
Senior unsecured notes | 1,676 |  |  | 1,618 |  |  | 3,302 |  |  | 3,232 |
Subordinated debentures | 1,071 |  |  | 1,023 |  |  | 2,144 |  |  | 1,985 |
Total interest expense | 71,731 |  |  | 42,404 |  |  | 137,759 |  |  | 81,739 |
Net interest income | $ | 19,044 |  |  | $ | 15,136 |  |  | $ | 36,907 |  |  | $ | 32,937 |

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- Definition Tabular disclosure of interest income and expense, including, but not limited to, interest income and expense from investments, loans, and securities. + References No definition available. + Details
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