Interest Income and Interest Expense (Tables)

9 Months Ended

Sep. 30, 2024

Banking and Thrift, Interest [Abstract]

Components of Interest Income and Interest Expense

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

	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Interest income:
Loans held for investment, net	$	319,493	$	320,715	$	936,714	$	928,801
Investment securities		124,582		120,670		360,975		345,201
Interest-bearing cash and federal funds sold		36,684		35,560		128,842		83,280
Margin balances		13,710		15,651		41,870		45,874
Financial instruments owned		7,027		4,402		18,232		12,754
Other		9,327		8,200		29,170		23,622
	$	510,823	$	505,198	$	1,515,803	$	1,439,532
Interest expense:
Bank deposits	$	229,725	$	198,197	$	680,076	$	506,847
Senior notes		8,184		12,507		33,197		37,519
Other		13,283		9,832		39,903		22,258
	$	251,192	$	220,536	$	753,176	$	566,624