XML 142 R131.htm IDEA: XBRL DOCUMENT v3.25.2
Net Interest Income (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Interest income $ 140,901 $ 90,775 $ 270,636 $ 174,666
Interest expense 104,454 71,731 201,091 137,759
Total net interest income 36,447 19,044 69,545 36,907
Senior unsecured notes        
Senior unsecured notes 4,928 1,676 9,545 3,302
Subordinated debentures        
Subordinated debentures 955 1,071 1,905 2,144
Residential loans        
Interest income 7,639 11,798 18,658 23,486
Consolidated SLST | VIE, Primary Beneficiary        
Interest income 11,890 9,154 22,630 17,281
Interest expense 8,429 6,752 15,393 12,553
Residential loans held in securitization trusts        
Interest income 45,977 30,101 89,218 57,032
Total residential loans        
Interest income 65,506 51,053 130,506 97,799
Investment securities available for sale        
Investment securities available for sale 71,492 35,450 132,541 68,354
Multi-family loans        
Interest income 2,176 2,669 4,756 5,311
Other        
Other 1,727 1,603 2,833 3,202
Repurchase agreements        
Interest expense 56,022 41,580 108,513 80,733
Residential loan securitizations        
Interest expense 32,855 20,652 63,180 39,027
Non-Agency RMBS Re-Securitization        
Interest expense 1,265 0 2,555 0
Total collateralized debt obligations        
Interest expense $ 42,549 $ 27,404 $ 81,128 $ 51,580