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Note 4 - Derivative and Other Hedging Instruments - Schedule of To Be Announced Securities (Details) - Short [Member] - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Two Percent TBA Contract [Member]    
Notional amount $ (175,000)  
Cost basis (142,268)  
Market value (143,145)  
Net carrying value [1] (877)  
Cost (142,268)  
Market value (143,145)  
Three Percent TBA Securities [Member]    
Notional amount (500,000) [2] $ (575,000)
Cost basis (440,644) [3] (595,630)
Market value (440,274) [4] (595,934)
Net carrying value 370 (304)
Cost (440,644) [3] (595,630)
Market value (440,274) [4] (595,934)
TBA Contracts [Member]    
Notional amount (675,000) (575,000)
Cost basis (582,912) (595,630)
Market value (583,419) (595,934)
Net carrying value (507) (304)
Cost (582,912) (595,630)
Market value $ (583,419) $ (595,934)
[1] Net carrying value represents the difference between the market value and the cost basis of the TBA securities as of period-end and is reported in derivative assets (liabilities), at fair value in our balance sheets
[2] Notional amount represents the par value (or principal balance) of the underlying Agency RMBS.
[3] Cost basis represents the forward price to be paid (received) for the underlying Agency RMBS.
[4] Market value represents the current market value of the TBA securities (or of the underlying Agency RMBS) as of period-end.