| Interest Income and Interest Expense Disclosure |
Net interest income/expense for the three months ended June 30, 2024, and June 30, 2023 includes:
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Three months ended June 30, 2024 |
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Three months ended June 30, 2023 |
| Interest income: |
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| Interest income on trading securities |
107,128 |
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|
$ |
86,840 |
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| Interest income on loans to customers |
52,367 |
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|
31,333 |
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| Interest income on margin loans to customers |
51,067 |
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|
17,180 |
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| Interest income on securities available-for-sale |
8,400 |
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|
8,345 |
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| Interest income on reverse repurchase agreements and amounts due from banks |
7,042 |
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|
3,057 |
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| Other interest income |
— |
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|
2,594 |
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| Total interest income |
$ |
226,004
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$ |
149,349
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| Interest expense: |
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| Interest expense on securities repurchase agreement obligations |
$ |
92,407 |
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$ |
75,455 |
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| Interest expense on customer accounts and deposits |
23,127 |
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|
15,603 |
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| Interest expense on margin lending payable |
23,123 |
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|
2,993 |
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| Interest expense on debt securities issued |
6,969 |
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|
935 |
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| Interest expense on loans received |
44 |
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|
27 |
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| Other interest expense |
48 |
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|
33 |
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| Total interest expense |
$ |
145,718
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$ |
95,046
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| Net interest income |
$ |
80,286
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$ |
54,303
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