Interest Income and Interest Expense (Details) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2024 |
Jun. 30, 2023 |
Jun. 30, 2024 |
Jun. 30, 2023 |
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| Interest income: | ||||
| Available-for-sale securities | $ 99,211 | $ 104,195 | $ 199,816 | $ 201,233 |
| Other | 16,742 | 13,567 | 33,920 | 33,122 |
| Total interest income | 115,953 | 117,762 | 233,736 | 234,355 |
| Interest expense: | ||||
| Repurchase agreements | 113,714 | 116,946 | 232,430 | 221,301 |
| Revolving credit facilities | 29,906 | 29,684 | 60,153 | 55,340 |
| Term notes payable | 6,008 | 8,239 | 12,426 | 15,882 |
| Convertible senior notes | 4,579 | 4,692 | 9,198 | 9,528 |
| Total interest expense | 154,207 | 159,561 | 314,207 | 302,051 |
| Net interest (expense) income | $ (38,254) | $ (41,799) | $ (80,471) | $ (67,696) |
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- Definition The amount of interest recognized in the period associated with any convertible debt. No definition available.
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- Definition The amount of interest recognized in the period associated with revolving credit facilities. No definition available.
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- Definition Represents the total of interest and dividend income, including any amortization and accretion (as applicable) of discounts and premiums, earned from (1) loans and leases whether held-for-sale or held-in-portfolio; (2) investment securities; (3) federal funds sold; (4) securities purchased under agreements to resell; (5) investments in banker's acceptances, commercial paper, or certificates of deposit; (6) dividend income; or (7) other investments not otherwise specified herein. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of interest expense classified as operating and nonoperating. Includes, but is not limited to, cost of borrowing accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Gross expenses on securities sold coupled with an agreement to repurchase the same from the same counterparty at a fixed or determinable price within a fixed or variable time period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Interest expense incurred during the reporting period on subordinated notes and debentures. Includes amortization of expenses incurred in the issuance of subordinated notes and debentures. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of interest income, amortization of premium and accretion of discount on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale); classified as operating. No definition available.
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- Definition Interest earned on deposits in United States money market accounts and other United States interest earning accounts. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of interest income (expense) classified as operating. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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