Interest Income and Interest Expense (Tables)

12 Months Ended

Dec. 31, 2023

Banking and Thrift, Interest [Abstract]

Interest Income and Interest Expense

The following table presents the components of the Company’s interest income and interest expense for the years ended December 31, 2023, 2022 and 2021.

	Year Ended
	December 31,
	2023		2022		2021
Interest income:
Available-for-sale securities	$	412,310	$	272,230	$	167,310
Other	68,054		23,310		1,287
Total interest income	480,364		295,540		168,597
Interest expense:
Repurchase agreements	474,292		167,455		25,774
Revolving credit facilities	121,124		51,814		22,425
Term notes payable	28,994		19,514		12,936
Convertible senior notes	18,815		19,612		28,038
Total interest expense	643,225		258,395		89,173
Net interest (expense) income	$	(162,861)	$	37,145	$	79,424