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Net Interest Income
9 Months Ended
Sep. 30, 2024
Banking and Thrift, Interest [Abstract]  
Net Interest Income
21. Net Interest Income

The following table details the components of the Company's interest income and interest expense for the three and nine months ended September 30, 2024 and 2023, respectively (dollar amounts in thousands):

For the Three Months Ended
September 30,
For the Nine Months Ended
September 30,
2024202320242023
Interest income
Residential loans
Residential loans$16,237 $11,574 $39,723 $40,817 
Consolidated SLST11,002 8,370 28,284 25,543 
Residential loans held in securitization trusts31,833 24,183 88,866 74,041 
Total residential loans59,072 44,127 156,873 140,401 
Investment securities available for sale44,431 17,203 112,785 27,862 
Multi-family loans2,646 2,712 7,957 7,890 
Other2,212 1,153 5,412 3,718 
Total interest income108,361 65,195 283,027 179,871 
Interest expense
Repurchase agreements52,326 24,169 133,059 54,084 
Collateralized debt obligations
Consolidated SLST7,375 5,957 19,928 18,238 
Residential loan securitizations23,435 15,582 62,462 49,908 
Non-Agency RMBS re-securitization
906 — 906 — 
Total collateralized debt obligations31,716 21,539 83,296 68,146 
Senior unsecured notes3,001 1,620 6,303 4,852 
Subordinated debentures1,081 1,078 3,225 3,063 
Total interest expense88,124 48,406 225,883 130,145 
Net interest income$20,237 $16,789 $57,144 $49,726