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Interest Income and Interest Expense (Tables)
 3 Months Ended
Mar. 31, 2021
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,

 

 

 

2021

 

 

2020

 

Interest income:

 

 

 

 

 

 

 

 

Loans held for investment, net

 

$

87,239

 

 

$

95,120

 

Investment securities

 

 

29,952

 

 

 

48,137

 

Margin balances

 

 

6,091

 

 

 

10,131

 

Financial instruments owned

 

 

2,895

 

 

 

4,574

 

Other

 

 

1,363

 

 

 

3,215

 

 

 

$

127,540

 

 

$

161,177

 

Interest expense:

 

 

 

 

 

 

 

 

Senior notes

 

$

12,103

 

 

$

11,193

 

Bank deposits

 

 

1,283

 

 

 

9,569

 

Federal Home Loan Bank advances

 

 

11

 

 

 

2,353

 

Other

 

 

1,043

 

 

 

1,242

 

 

 

$

14,440

 

 

$

24,357