| Interest Income and Interest Expense Disclosure |
Net interest income/expense includes:
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Year ended
March 31, 2024
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Year ended
March 31, 2023
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Year ended March 31, 2022 |
| Interest income: |
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|
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| Interest income on trading securities |
$ |
426,428 |
|
|
$ |
178,288 |
|
|
$ |
78,327 |
|
| Interest income on loans to customers |
176,539 |
|
|
43,486 |
|
|
4,617 |
|
| Interest income on margin loans to customers |
175,571 |
|
|
34,558 |
|
|
14,164 |
|
| Interest income on securities available-for-sale |
32,821 |
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|
27,003 |
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|
22,437 |
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| Interest income on reverse repurchase agreements and amounts due from banks |
16,865 |
|
|
9,836 |
|
|
1,658 |
|
Other interest income |
— |
|
|
1,524 |
|
|
406 |
|
| Total interest income |
$ |
828,224
|
|
|
$ |
294,695
|
|
|
$ |
121,609
|
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| Interest expense: |
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| Interest expense on securities repurchase agreement obligations |
$ |
402,665 |
|
|
$ |
158,595 |
|
|
$ |
58,229 |
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| Interest expense on customer accounts and deposits |
70,778 |
|
|
40,335 |
|
|
16,336 |
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| Interest expense on margin lending payable |
16,990 |
|
|
6,635 |
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|
— |
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| Interest expense on debt securities issued |
10,356 |
|
|
3,085 |
|
|
1,822 |
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| Other interest expense |
322 |
|
|
297 |
|
|
560 |
|
| Total interest expense |
$ |
501,111
|
|
|
$ |
208,947
|
|
|
$ |
76,947
|
|
|
|
|
|
|
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| Net interest income |
$ |
327,113
|
|
|
$ |
85,748
|
|
|
$ |
44,662
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|