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Net Interest Income (Tables)
6 Months Ended
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,
2024202320242023
Interest income
Residential loans
Residential loans$11,798 $12,290 $23,486 $29,244 
Consolidated SLST9,154 8,440 17,281 17,173 
Residential loans held in securitization trusts30,101 25,136 57,032 49,857 
Total residential loans51,053 45,866 97,799 96,274 
Investment securities available for sale35,450 7,491 68,354 10,659 
Multi-family loans2,669 2,742 5,311 5,179 
Other1,603 1,441 3,202 2,564 
Total interest income90,775 57,540 174,666 114,676 
Interest expense
Repurchase agreements41,580 16,847 80,733 29,915 
Collateralized debt obligations
Consolidated SLST6,752 5,966 12,553 12,280 
Residential loan securitizations20,652 16,950 39,027 34,327 
Total collateralized debt obligations27,404 22,916 51,580 46,607 
Senior unsecured notes1,676 1,618 3,302 3,232 
Subordinated debentures1,071 1,023 2,144 1,985 
Total interest expense71,731 42,404 137,759 81,739 
Net interest income$19,044 $15,136 $36,907 $32,937