Note 5 - Pledged Assets (Tables)

6 Months Ended

Jun. 30, 2023

Notes Tables

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

(in thousands)
	June 30, 2023						December 31, 2022
	Repurchase		Derivative				Repurchase		Derivative
Assets Pledged to Counterparties	Agreements		Agreements		Total		Agreements		Agreements		Total
PT RMBS - fair value	$	4,350,306	$	-	$	4,350,306	$	3,492,544	$	-	$	3,492,544
Structured RMBS - fair value		17,769		-		17,769		20,096		-		20,096
U.S. Treasury Notes		-		37,195		37,195		-		36,382		36,382
Accrued interest on pledged securities		15,232		16		15,248		11,419		16		11,435
Restricted cash		30,589		20,502		51,091		13,341		18,227		31,568
Total	$	4,413,896	$	57,713	$	4,471,609	$	3,537,400	$	54,625	$	3,592,025

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

(in thousands)
	June 30, 2023						December 31, 2022
	Repurchase		Derivative				Repurchase		Derivative
Assets Pledged to Orchid	Agreements		Agreements		Total		Agreements		Agreements		Total
Cash	$	1,097	$	5,177	$	6,274	$	3,075	$	13,021	$	16,096
U.S. Treasury securities - fair value		-		-	$	-		197		-		197
Total	$	1,097	$	5,177	$	6,274	$	3,272	$	13,021	$	16,293