Note 5 - Pledged Assets (Tables)

3 Months Ended

Mar. 31, 2023

Notes Tables

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

(in thousands)
	March 31, 2023						December 31, 2022
	Repurchase		Derivative				Repurchase		Derivative
Assets Pledged to Counterparties	Agreements		Agreements		Total		Agreements		Agreements		Total
PT RMBS - fair value	$	3,926,711	$	-	$	3,926,711	$	3,492,544	$	-	$	3,492,544
Structured RMBS - fair value	$	19,445		-		19,445		20,096		-		20,096
U.S. Treasury Notes		-		36,806		36,806		-		36,382		36,382
Accrued interest on pledged securities		12,867		4		12,871		11,419		16		11,435
Restricted cash		18,072		24,666		42,738		13,341		18,227		31,568
Total	$	3,977,095	$	61,476	$	4,038,571	$	3,537,400	$	54,625	$	3,592,025

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

(in thousands)
	March 31, 2023						December 31, 2022
	Repurchase		Derivative				Repurchase		Derivative
Assets Pledged to Orchid	Agreements		Agreements		Total		Agreements		Agreements		Total
Cash	$	4,053	$	1,877	$	5,930	$	3,075	$	13,021	$	16,096
U.S. Treasury securities - fair value		5,000		-	$	5,000		197		-		197
Total	$	9,053	$	1,877	$	10,930	$	3,272	$	13,021	$	16,293