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v3.25.1

Net Interest Income (Tables) | 3 Months Ended
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Mar. 31, 2025
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 months ended March 31, 2025 and 2024, respectively (dollar amounts in thousands):
| For the Three Months Ended March 31, |  |
| 2025 |  | 2024 |  |  |  |
Interest income |  |  |  |  |  |  |
Residential loans |  |  |  |  |  |  |
Residential loans | $ | 11,018 |  |  | $ | 11,689 |  |  |  |  |
Consolidated SLST | 10,740 |  |  | 8,127 |  |  |  |  |
Residential loans held in securitization trusts | 43,241 |  |  | 26,931 |  |  |  |  |
Total residential loans | 64,999 |  |  | 46,747 |  |  |  |  |
Investment securities available for sale | 61,049 |  |  | 32,903 |  |  |  |  |
Multi-family loans | 2,580 |  |  | 2,642 |  |  |  |  |
Other | 1,106 |  |  | 1,600 |  |  |  |  |
Total interest income | 129,734 |  |  | 83,892 |  |  |  |  |
Interest expense |  |  |  |  |  |  |
Repurchase agreements | 52,489 |  |  | 39,153 |  |  |  |  |
Collateralized debt obligations |  |  |  |  |  |  |
Consolidated SLST | 6,964 |  |  | 5,801 |  |  |  |  |
Residential loan securitizations | 30,325 |  |  | 18,376 |  |  |  |  |
Non-Agency RMBS re-securitization | 1,290 |  |  | — |  |  |  |  |
Total collateralized debt obligations | 38,579 |  |  | 24,177 |  |  |  |  |
Senior unsecured notes | 4,617 |  |  | 1,626 |  |  |  |  |
Subordinated debentures | 951 |  |  | 1,073 |  |  |  |  |
Total interest expense | 96,636 |  |  | 66,029 |  |  |  |  |
Net interest income | $ | 33,098 |  |  | $ | 17,863 |  |  |  |  |

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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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