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Note 4 - Derivative and Other Hedging Instruments - Schedule of To Be Announced Securities (Details) - Short [Member] - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Two Percent TBA Contract [Member]    
Notional amount $ (175,000) $ (175,000)
Cost (144,511) (142,268)
Market value (144,526) (143,145)
Net carrying value (15) [1] (877)
Cost (144,511) (142,268)
Market value (144,526) (143,145)
Three Percent TBA Securities [Member]    
Notional amount (700,000) [2] (500,000)
Cost (616,438) [3] (440,644)
Market value (627,457) [4] (440,274)
Net carrying value (11,019) 370
Cost (616,438) [3] (440,644)
Market value (627,457) [4] (440,274)
TBA Contracts [Member]    
Notional amount (875,000) (675,000)
Cost (760,949) (582,912)
Market value (771,983) (583,419)
Net carrying value (11,034) (507)
Cost (760,949) (582,912)
Market value $ (771,983) $ (583,419)
[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.