Net Interest Income (Expense)

9 Months Ended

Sep. 30, 2013

Net Interest Income (Expense)

Net Interest Income (Expense)

Note 19—Net Interest Income (Expense)

Net interest income (expense) is summarized for the periods presented below:

	Quarter ended September 30,					Nine months ended September 30,
	2013		2012			2013			2012
	(in thousands)
Interest income:
Short-term investments	$	432	$	11		$	635		$	54
Mortgage loans at fair value	4,661		1,903			10,675			4,437
	5,093		1,914			11,310			4,491
Interest expense:
Assets sold under agreements to repurchase	2,920		1,682			8,251			3,583
Note payable	681		281			2,326			645
Other	555		79			1,109			(2		)
	4,156		2,042			11,686			4,226
Net interest income (expense)	$	937	$	(128	)	$	(376	)	$	265