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Interest Income and Interest Expense (Tables)
3 Months Ended
Mar. 31, 2020
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 March 31,

 

 

 

2020

 

 

2019

 

Interest income:

 

 

 

 

 

 

 

 

Loans held for investment, net

 

$

95,120

 

 

$

93,224

 

Investment securities

 

 

48,137

 

 

 

65,466

 

Margin balances

 

 

10,131

 

 

 

13,440

 

Financial instruments owned, net

 

 

4,574

 

 

 

6,313

 

Other

 

 

3,215

 

 

 

12,628

 

 

 

$

161,177

 

 

$

191,071

 

Interest expense:

 

 

 

 

 

 

 

 

Bank deposits

 

$

9,569

 

 

$

28,066

 

Senior notes

 

 

11,193

 

 

 

11,122

 

Federal Home Loan Bank advances

 

 

2,353

 

 

 

1,678

 

Other

 

 

1,242

 

 

 

8,582

 

 

 

$

24,357

 

 

$

49,448