Annual report [Section 13 and 15(d), not S-K Item 405]

FEE AND COMMISSION INCOME AND EXPENSE (Tables)

v3.25.1
FEE AND COMMISSION INCOME AND EXPENSE (Tables)
 12 Months Ended
Mar. 31, 2025
Receivables [Abstract]  
Disclosure of Fee and Commission Income
During the year ended March 31, 2025, March 31, 2024 and March 31, 2023 fee and commission income was comprised of:
Year ended March 31, 2025
Brokerage
Banking
 Insurance Other Total
Brokerage services $ 430,136  $ —  $ —  $ —  $ 430,136 
Commission income from payment processing —  —  —  28,711  28,711 
Agency fee income —  —  —  15,616  15,616 
Bank services —  13,336  —  —  13,336 
Underwriting and market-making services 11,210  —  —  —  11,210 
Other fee and commission income 493  1,353  —  4,171  6,017 
Total fee and commission income $ 441,839  $ 14,689  $ —  $ 48,498  $ 505,026 
Agency fee expense —  36  284,019  —  284,055 
Brokerage services 19,846  —  —  —  19,846 
Bank services 4,806  14,419  538  301  20,064 
Exchange services 1,546  —  —  230  1,776 
Central Depository services 706  —  1  —  707 
Other commission expenses 2,376  107  22  17,121  19,626 
Total fee and commission expense 29,280  14,562  284,580  17,652  346,074 
Year ended March 31, 2024
Brokerage
Banking
 Insurance Other Total
Brokerage services $ 333,383  $ —  $ —  $ —  $ 333,383 
Commission income from payment processing —  —  —  41,659  41,659 
Bank services —  25,180  —  —  25,180 
Underwriting and market-making services 18,801  —  —  —  18,801 
Agency fee income —  108  296  15,468  15,872 
Other fee and commission income 297  948  —  4,193  5,438 
Total fee and commission income $ 352,481  $ 26,236  $ 296  $ 61,320  $ 440,333 
Agency fee expense —  —  103,020  —  103,020 
Bank services 2,538  13,217  208  2,158  18,121 
Brokerage services 16,506  2  3  76  16,587 
Exchange services 3,133  —  —  169  3,302 
Central Depository services 446  —  —  —  446 
Other commission expenses 2,117  —  115  10,643  12,875 
Total fee and commission expense 24,740  13,219  103,346  13,046  154,351 
Year ended March 31, 2023
Brokerage
Banking
 Insurance Other Total
Brokerage services $ 286,732  $ —  $ —  $ —  $ 286,732 
Bank services —  17,964  —  —  17,964 
Underwriting and market-making services 11,948  —  —  —  11,948 
Commission income from payment processing —  —  —  6,385  6,385 
Agency fee income —  —  87  —  87 
Other fee and commission income 390  244  41  3,424  4,099 
Total fee and commission income $ 299,070  $ 18,208  $ 128  $ 9,809  $ 327,215 
Brokerage services 25,551  —  17  14  25,582 
Agency fee expense —  —  22,807  —  22,807 
Bank services 3,175  9,097  —  —  12,272 
Exchange services 2,413  —  —  218  2,631 
Central Depository services 364  —  —  —  364 
Other commission expenses 1,623  —  —  381  2,004 
Total fee and commission expense 33,126  9,097  22,824  613  65,660