Note 5 - Investment Banking and New Issue and Net Trading (Tables)

3 Months Ended

Mar. 31, 2026

Notes Tables

Schedule of Investment Banking and New Issue [Table Text Block]

	Three Months Ended March 31, 2026
	Cash		Non-Cash		Total
CCM - Underwriting	$	17,395	$	5,717	$	23,112
CCM - Advisory and other new issue		12,105		5,255		17,360
Other - Origination		-		-		-
Total	$	29,500	$	10,972	$	40,472
Gains / (losses) on CCM financial instruments received as non-cash consideration						5,239
Investment banking and new issue					$	45,711
	Three Months Ended March 31, 2025
	Cash		Non-Cash		Net
CCM - Underwriting	$	2,225	$	1,634	$	3,859
CCM - Advisory and other new issue		12,366		17,014		29,380
Other - Origination		-		-		-
Total	$	14,591	$	18,648	$	33,239
Gains / (losses) on CCM financial instruments received as non-cash consideration						(13,075	)
Investment banking and new issue					$	20,164

Schedule of Net Trading [Table Text Block]

	Three Months Ended March 31,
	2026			2025
Net realized gains (losses) - trading inventory	$	7,471		$	4,228
Net unrealized gains (losses) - trading inventory		(831	)		625
Net gains and losses		6,640			4,853
Interest income- trading inventory		792			830
Interest income-reverse repos		4,062			9,541
Interest income		4,854			10,371
Interest expense-repos		(3,708	)		(8,502	)
Interest expense-margin payable		(117	)		(651	)
Interest expense		(3,825	)		(9,153	)
Other trading revenue		5,531			3,140
Net trading	$	13,200		$	9,211