Note 5 - Pledged Assets

3 Months Ended

Mar. 31, 2025

Notes to Financial Statements

Pledged Assets [Text Block]

NOTE 5. PLEDGED ASSETS

Assets Pledged to Counterparties

The table below summarizes Bimini’s assets pledged as collateral under its repurchase agreements and derivative agreements as of March 31, 2025 and December 31, 2024.

($ in thousands)
	March 31, 2025						December 31, 2024
	Repurchase		Derivative				Repurchase		Derivative
	Agreements		Agreements		Total		Agreements		Agreements		Total
PT MBS - at fair value	$	118,704	$	-	$	118,704	$	119,960	$	-	$	119,960
Structured MBS - at fair value		2,102		-		2,102		2,133		-		2,133
Accrued interest on pledged securities		585		-		585		599		-		599
Restricted cash		79		1,053		1,132		629		1,122		1,751
Total	$	121,470	$	1,053	$	122,523	$	123,321	$	1,122	$	124,443

Cash pledged to the Company from counterparties under repurchase agreements was $0.3 million at both March 31, 2025 and December 31, 2024. Cash received as margin is recognized as cash and cash equivalents with a corresponding amount recognized as an increase in repurchase agreements in the consolidated balance sheets.