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Interest Income and Interest Expense (Tables)
 6 Months Ended
Jun. 30, 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 June 30,

 

 

Six Months Ended June 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Interest income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans held for investment, net

 

$

79,164

 

 

$

95,881

 

 

$

174,284

 

 

$

189,105

 

Investment securities

 

 

41,527

 

 

 

61,716

 

 

 

89,664

 

 

 

127,182

 

Margin balances

 

 

6,364

 

 

 

13,663

 

 

 

16,495

 

 

 

27,103

 

Financial instruments owned

 

 

2,859

 

 

 

6,414

 

 

 

7,433

 

 

 

12,727

 

Other

 

 

(1,546

)

 

 

10,266

 

 

 

1,669

 

 

 

22,894

 

 

 

$

128,368

 

 

$

187,940

 

 

$

289,545

 

 

$

379,011

 

Interest expense:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Bank deposits

 

$

2,277

 

 

$

29,347

 

 

$

11,846

 

 

$

57,413

 

Senior notes

 

 

13,073

 

 

 

11,122

 

 

 

24,266

 

 

 

22,244

 

Federal Home Loan Bank advances

 

 

682

 

 

 

2,911

 

 

 

3,035

 

 

 

4,589

 

Other

 

 

(2,948

)

 

 

9,511

 

 

 

(1,706

)

 

 

18,093

 

 

 

$

13,084

 

 

$

52,891

 

 

$

37,441

 

 

$

102,339