Quarterly report pursuant to Section 13 or 15(d)

NET INTEREST INCOME/EXPENSE (Tables)

v3.22.4
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