Interest Income and Interest Expense

6 Months Ended

Jun. 30, 2024

Banking and Thrift, Interest [Abstract]

Interest Income and Interest Expense

NOTE 19 – Interest Income and Interest Expense

The components of interest income and interest expense are as follows (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Interest income:
Loans held for investment, net	$	311,079	$	313,034	$	617,221	$	608,086
Investment securities		117,858		116,204		236,393		224,531
Interest-bearing cash and federal funds sold		37,817		24,995		92,158		47,720
Margin balances		13,956		15,352		28,160		30,223
Financial instruments owned		6,345		4,631		11,205		8,352
Other		11,097		8,554		19,843		15,422
	$	498,152	$	482,770	$	1,004,980	$	934,334
Interest expense:
Bank deposits	$	220,287	$	171,362	$	450,351	$	308,650
Senior notes		12,507		12,506		25,013		25,012
Other		14,535		7,222		26,620		12,426
	$	247,329	$	191,090	$	501,984	$	346,088