Interest Income and Interest Expense

6 Months Ended

Jun. 30, 2019

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,
	2019		2018		2019		2018
Interest income:
Bank loans, net	$	95,881	$	68,389	$	189,105	$	132,024
Investment securities		61,716		63,535		127,182		118,438
Margin balances		13,663		12,306		27,103		23,256
Financial instruments owned		6,414		4,983		12,727		9,912
Other		10,266		5,208		22,894		8,525
	$	187,940	$	154,421	$	379,011	$	292,155
Interest expense:
Bank deposits	$	29,347	$	15,343	$	57,413	$	23,473
Senior notes		11,122		11,122		22,244		22,240
Federal Home Loan Bank advances		2,911		3,095		4,589		6,347
Other		9,511		7,719		18,093		11,672
	$	52,891	$	37,279	$	102,339	$	63,732