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Interest Income And Interest Expense (Tables)
12 Months Ended
Dec. 31, 2018
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)

 

 

Year Ended December 31,

 

 

 

2018

 

 

2017

 

 

2016

 

Interest income:

 

 

 

 

 

 

 

 

 

 

 

 

Bank loans, net

 

$

300,541

 

 

$

206,084

 

 

$

127,923

 

Investment securities

 

 

252,200

 

 

 

187,731

 

 

 

107,454

 

Margin balances

 

 

49,515

 

 

 

37,218

 

 

 

32,147

 

Financial instruments owned

 

 

21,407

 

 

 

17,563

 

 

 

18,965

 

Other

 

 

22,786

 

 

 

5,785

 

 

 

7,843

 

 

 

$

646,449

 

 

$

454,381

 

 

$

294,332

 

Interest expense:

 

 

 

 

 

 

 

 

 

 

 

 

Bank deposits

 

$

82,256

 

 

$

12,661

 

 

$

7,331

 

Senior notes

 

 

44,610

 

 

 

35,338

 

 

 

36,217

 

Federal Home Loan Bank advances

 

 

15,173

 

 

 

8,305

 

 

 

6,777

 

Other

 

 

28,037

 

 

 

13,726

 

 

 

16,549

 

 

 

$

170,076

 

 

$

70,030

 

 

$

66,874