Note 5 - Net Trading (Tables)

9 Months Ended

Sep. 30, 2025

Notes Tables

Schedule of Net Trading [Table Text Block]

	Three Months Ended September 30,						Nine Months Ended September 30,
	2025			2024			2025			2024
Net realized gains (losses) - trading inventory	$	7,873		$	5,395		$	16,338		$	12,057
Net unrealized gains (losses) - trading inventory		533			(482	)		2,840			4,246
Net gains and losses		8,406			4,913			19,178			16,303
Interest income- trading inventory		931			839			3,020			3,349
Interest income-reverse repos		9,495			9,178			29,740			28,365
Interest income		10,426			10,017			32,760			31,714
Interest expense-repos		(8,468	)		(8,372	)		(26,504	)		(25,707	)
Interest expense-margin payable		(746	)		(779	)		(2,276	)		(3,182	)
Interest expense		(9,214	)		(9,151	)		(28,780	)		(28,889	)
Other trading revenue		3,942			3,037			10,370			8,334
Net trading	$	13,560		$	8,816		$	33,528		$	27,462