| Interest Income and Interest Expense Disclosure |
Net interest income/expense includes:
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Year ended
March 31, 2025
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Year ended
March 31, 2024
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Year ended March 31, 2023 |
| Interest income: |
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| Interest income on trading securities |
$ |
378,350 |
|
|
$ |
426,428 |
|
|
$ |
178,288 |
|
| Interest income on margin loans to customers |
212,360 |
|
|
175,571 |
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|
34,558 |
|
| Interest income on loans to customers |
207,802 |
|
|
176,539 |
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|
43,486 |
|
Interest income on available-for-sale securities |
40,297 |
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|
32,821 |
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|
27,003 |
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| Interest income on reverse repurchase agreements and amounts due from banks |
24,644 |
|
|
16,865 |
|
|
9,836 |
|
Interest income on held-to-maturity securities |
1,000 |
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|
— |
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|
— |
|
Other interest income |
— |
|
|
— |
|
|
1,524 |
|
| Total interest income |
$ |
864,453
|
|
|
$ |
828,224
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|
|
$ |
294,695
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| Interest expense: |
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| Interest expense on securities repurchase agreement obligations |
$ |
340,863 |
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|
$ |
402,665 |
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|
$ |
158,595 |
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| Interest expense on customer accounts and deposits |
111,541 |
|
|
70,778 |
|
|
40,335 |
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| Interest expense on margin lending payable |
45,748 |
|
|
16,990 |
|
|
6,635 |
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| Interest expense on debt securities issued |
36,130 |
|
|
10,356 |
|
|
3,085 |
|
| Interest expense on loans received |
1,568 |
|
|
124 |
|
|
290 |
|
| Other interest expense |
45 |
|
|
198 |
|
|
7 |
|
| Total interest expense |
$ |
535,895
|
|
|
$ |
501,111
|
|
|
$ |
208,947
|
|
|
|
|
|
|
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| Net interest income |
$ |
328,558
|
|
|
$ |
327,113
|
|
|
$ |
85,748
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|