The Company evaluates performance based on the following financial measures for each segment ($ in thousands): Loans Securities Real Estate(1) Corporate/Other(2) Company Total Three months ended June 30, 2020 Interest income $ 53,641 $ 8,177 $ 2 $ 276 $ 62,096 Interest expense (11,732) (7,795) (9,758) (39,140) (68,425) Net interest income (expense) 41,909 382 (9,756) (38,864) (6,329) (Provision) benefit for loan losses 726 3   729 Net interest income (expense) after provision for loan losses 42,635 385 (9,756) (38,864) (5,600) Operating lease income   23,773  23,773 Sale of loans, net (744)    (744) Realized gain (loss) on securities  (14,798)   (14,798) Unrealized gain (loss) on equity securities  401   401 Unrealized gain (loss) on Agency interest-only securities  98   98 Realized gain on sale of real estate, net   (1)  (1) Fee and other income 2,429 2  1,074 3,505 Net result from derivative transactions (588) (225)   (813) Earnings (loss) from investment in unconsolidated joint ventures   471  471 Gain (loss) on extinguishment of debt    19,017 19,017 Total other income (loss) 1,097 (14,522) 24,243 20,091 30,909 Salaries and employee benefits    (7,001) (7,001) Operating expenses(3)    (6,224) (6,224) Real estate operating expenses   (6,034)  (6,034) Fee expense (1,474) (61) (442)  (1,977) Depreciation and amortization   (9,791) (25) (9,816) Total costs and expenses (1,474) (61) (16,267) (13,250) (31,052) Income tax (expense) benefit    550 550 Segment profit (loss) $ 42,258 $ (14,198) $ (1,780) $ (31,473) $ (5,193) Total assets as of June 30, 2020 $ 2,991,959 $ 1,506,713 $ 1,091,129 $ 1,019,749 $ 6,609,550 Loans Securities Real Estate(1) Corporate/Other(2) Company Total Three months ended June 30, 2019 Interest income $ 69,794 $ 15,210 $ 7 $ 311 $ 85,322 Interest expense (14,224) (4,130) (9,091) (24,924) (52,369) Net interest income (expense) 55,570 11,080 (9,084) (24,613) 32,953 (Provision) benefit for loan losses (300)    (300) Net interest income (expense) after provision for loan losses 55,270 11,080 (9,084) (24,613) 32,653 Operating lease income   27,780  27,780 Sale of loans, net 20,264    20,264 Realized gain (loss) on securities  4,464   4,464 Unrealized gain (loss) on equity securities  (990)   (990) Unrealized gain (loss) on Agency interest-only securities  11   11 Realized gain on sale of real estate, net   (1,124)  (1,124) Fee and other income 5,947 333  916 7,196 Net result from derivative transactions (8,518) (6,939)   (15,457) Earnings (loss) from investment in unconsolidated joint ventures   1,564  1,564 Total other income (loss) 17,693 (3,121) 28,220 916 43,708 Salaries and employee benefits    (14,907) (14,907) Operating expenses(3)    (6,012) (6,012) Real estate operating expenses   (6,032)  (6,032) Fee expense (1,058) (87) (38)  (1,183) Depreciation and amortization   (9,910) (25) (9,935) Total costs and expenses (1,058) (87) (15,980) (20,944) (38,069) Income tax (expense) benefit    (2,219) (2,219) Segment profit (loss) $ 71,905 $ 7,872 $ 3,156 $ (46,860) $ 36,073 Total assets as of December 31, 2019 $ 3,358,861 $ 1,721,305 $ 1,096,514 $ 492,472 $ 6,669,152 Loans Securities Real Estate(1) Corporate/Other(2) Company Total Six months ended June 30, 2020 Interest income $ 112,546 $ 21,040 $ 10 $ 1,090 $ 134,686 Interest expense (16,602) (14,554) (19,993) (68,678) (119,827) Net interest income (expense) 95,944 6,486 (19,983) (67,588) 14,859 (Provision) benefit for loan losses (25,855) 3   (25,852) Net interest income (expense) after provision for loan losses 70,089 6,489 (19,983) (67,588) (10,993) Operating lease income   50,101  50,101 Sale of loans, net 261    261 Realized gain (loss) on securities  (11,787)   (11,787) Unrealized gain (loss) on equity securities  (132)   (132) Unrealized gain (loss) on Agency interest-only securities  174   174 Realized gain on sale of real estate, net   10,528  10,528 Fee and other income 3,854 403 25 742 5,024 Net result from derivative transactions (11,939) (4,309)   (16,248) Earnings (loss) from investment in unconsolidated joint ventures   912  912 Gain (loss) on extinguishment of debt    21,077 21,077 Total other income (loss) (7,824) (15,651) 61,566 21,819 59,910 Salaries and employee benefits    (24,023) (24,023) Operating expenses(3)    (12,018) (12,018) Real estate operating expenses   (13,981) (13,981) Fee expense (2,664) (133) (618)  (3,415) Depreciation and amortization   (19,775) (50) (19,825) Total costs and expenses (2,664) (133) (34,374) (36,091) (73,262) Income tax (expense) benefit    5,091 5,091 Segment profit (loss) $ 59,601 $ (9,295) $ 7,209 $ (76,769) $ (19,254) Total assets as of June 30, 2020 $ 2,991,959 $ 1,506,713 $ 1,091,129 $ 1,019,749 $ 6,609,550 Loans Securities Real Estate(1) Corporate/Other(2) Company Total Six months ended June 30, 2019 Interest income $ 142,947 $ 28,329 $ 15 $ 498 $ 171,789 Interest expense (28,981) (6,618) (17,973) (50,046) (103,618) Net interest income (expense) 113,966 21,711 (17,958) (49,548) 68,171 (Provision) benefit for loan losses (600)    (600) Net interest income (expense) after provision for loan losses 113,366 21,711 (17,958) (49,548) 67,571 Operating lease income   56,701  56,701 Sale of loans, net 27,342    27,342 Realized gain (loss) on securities  7,329   7,329 Unrealized gain (loss) on equity securities  1,088   1,088 Unrealized gain (loss) on Agency interest-only securities  22   22 Realized gain on sale of real estate, net   (1,119)  (1,119) Impairment of real estate   (1,350)  (1,350) Fee and other income 9,257 737 7 1,881 11,882 Net result from derivative transactions (13,716) (12,775)   (26,491) Earnings (loss) from investment in unconsolidated joint ventures   2,522  2,522 Gain (loss) on extinguishment of debt   (1,070)  (1,070) Total other income (loss) 22,883 (3,599) 55,691 1,881 76,856 Salaries and employee benefits    (38,481) (38,481) Operating expenses(3)    (11,413) (11,413) Real estate operating expenses   (11,506)  (11,506) Fee expense (2,252) (187) (456)  (2,895) Depreciation and amortization   (20,112) (50) (20,162) Total costs and expenses (2,252) (187) (32,074) (49,944) (84,457) Income tax (expense) benefit    634 634 Segment profit (loss) $ 133,997 $ 17,925 $ 5,659 $ (96,977) $ 60,604 Total assets as of December 31, 2019 $ 3,358,861 $ 1,721,305 $ 1,096,514 $ 492,472 $ 6,669,152 (1) Includes the Companys investment in unconsolidated joint ventures that held real estate of $48.9 million and $48.4 million as of June 30, 2020 and December 31, 2019, respectively. (2) Corporate/Other represents all corporate level and unallocated items including any intercompany eliminations necessary to reconcile to consolidated Company totals. This segment also includes the Companys investment in unconsolidated joint ventures and strategic investments that are not related to the other reportable segments above, including the Companys investment in FHLB stock of $61.6 million and $61.6 million as of June 30, 2020 and December 31, 2019, respectively, the Companys deferred tax asset (liability) of $(12.0) million and $(2.1) million as of June 30, 2020 and December 31, 2019, respectively, and the Companys senior unsecured notes of $1.7 billion and $1.2 billion as of June 30, 2020 and December 31, 2019, respectively. (3)Includes $4.0 million and $7.1 million of professional fees for the three and six months ended June 30, 2020, respectively. Includes $3.6 million and $6.1 million of professional fees for the three and six months ended June 30, 2019, respectively.