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Net Interest Income (Tables)

3 Months Ended

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.

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