| Interest Income and Interest Expense Disclosure |
Net interest income/expense for the three months ended June 30, 2023, and June 30, 2022 includes:
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Three months ended June 30, 2023 |
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Three months ended June 30, 2022 |
| Interest income: |
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| Interest income on trading securities |
86,840 |
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|
31,515 |
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| Interest income on loans to customers |
31,333 |
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|
4,627 |
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| Interest income on margin loans to customers |
17,180 |
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|
4,914 |
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| Interest income on securities available-for-sale |
8,345 |
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|
6,678 |
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| Interest income on reverse repurchase agreements and amounts due from banks |
3,057 |
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|
787 |
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| Interest income from dividends |
2,594 |
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|
42 |
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| Total interest income |
$ |
149,349
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|
$ |
48,563
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| Interest expense: |
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| Interest expense on securities repurchase agreement obligations |
$ |
75,455 |
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$ |
33,180 |
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| Interest expense on customer accounts and deposits |
15,603 |
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|
6,063 |
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| Interest expense on margin lending payable |
2,993 |
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— |
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| Interest expense on debt securities issued |
935 |
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|
767 |
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| Interest expense on loans received |
27 |
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|
61 |
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| Other interest expense |
33 |
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— |
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| Total interest expense |
$ |
95,046
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$ |
40,071
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| Net interest income |
$ |
54,303
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$ |
8,492
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