NET INTEREST INCOME/EXPENSE (Tables)

9 Months Ended

Dec. 31, 2022

Investments, Debt and Equity Securities [Abstract]

Interest Income and Interest Expense Disclosure

NET INTEREST INCOME/EXPENSE

Net interest income/expense for the three and nine months ended December 31, 2022, and December 31, 2021 includes:

	Three months ended December 31, 2022		Three months ended December 31, 2021
Interest income:			(Restated)
Interest income on securities repurchased under reverse repurchase agreements and amounts due from banks	$	4,062	$	280
Interest income on trading securities	44,760		20,745
Interest income on available-for-sale securities	6,727		6,470
Interest income on margin lending (2)	12,379		4,921
Interest income on loans issued	12,327		1,241
Total interest income	$	80,255	$	33,657
Interest expense:
Interest expense on securities repurchase agreement obligations	$	39,958	$	15,671
Interest expense on customer liabilities	11,149		5,732
Interest expense on debt securities issued	842		394
Other interest expense	88		93
Total interest expense	$	52,037	$	21,890
Net interest income	$	28,218	$	11,767

	Nine months ended December 31, 2022		Nine months ended December 31, 2021
Interest income:			(Restated)
Interest income on securities repurchased under reverse repurchase agreements and amounts due from banks	$	6,198	$	887
Interest income on trading securities	116,922		54,966
Interest income on available-for-sale securities	13,280		16,244
Interest income on margin lending (2)	27,259		8,212
Interest income on loans issued	24,158		2,205
Total interest income	$	187,817	$	82,514
Interest expense:
Interest expense on securities repurchase agreement obligations	$	105,466	$	38,548
Interest expense on customer accounts and deposits	24,780		12,645
Interest expense on debt securities issued	2,457		1,323
Interest expense on loans received	268		291
Other interest expense	—		45
Total interest expense	$	132,971	$	52,852
Net interest income	$	54,846	$	29,662

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(2) Amounts for the three and nine months ended December 31, 2021, are shown after reclassification of interest income from margin lending. Please see Note 4