Note 5 - Pledged Assets (Tables)

12 Months Ended

Dec. 31, 2022

Notes Tables

Schedule of Financial Instruments Owned and Pledged as Collateral [Table Text Block]

(in thousands)
	December 31, 2022						December 31, 2021
	Repurchase		Derivative				Repurchase		Derivative
Assets Pledged to Counterparties	Agreements		Agreements		Total		Agreements		Agreements		Total
PT RMBS - fair value	$	3,492,544	$	-	$	3,492,544	$	6,294,102	$	-	$	6,294,102
Structured RMBS - fair value		20,096		-		20,096		212,270		-		212,270
U.S. Treasury Notes		-		36,382		36,382		-		29,740		29,740
Accrued interest on pledged securities		11,419		16		11,435		18,804		13		18,817
Restricted cash		13,341		18,227		31,568		57,264		8,035		65,299
Total	$	3,537,400	$	54,625	$	3,592,025	$	6,582,440	$	37,788	$	6,620,228

Schedule of Financial Instruments Pledged as Collateral From Counterparties [Table Text Block]

(in thousands)
	December 31, 2022						December 31, 2021
	Repurchase		Derivative				Repurchase		Derivative
Assets Pledged to Orchid	Agreements		Agreements		Total		Agreements		Agreements		Total
Cash	$	3,075	$	13,021	$	16,096	$	4,339	$	7,206	$	11,545
U.S. Treasury securities - fair value		197		-		197		-		-		-
Total	$	3,272	$	13,021	$	16,293	$	4,339	$	7,206	$	11,545