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Note 4 - Derivative and Other Hedging Instruments - Schedule of To Be Announced Securities (Details) - Short [Member] - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Five Percent TBA Securities [Member]    
Notional amount $ 100,000  
Cost 99,234  
Market value 99,351  
Net carrying value 117  
Notional Amount (100,000)  
Cost 99,234  
Three Percent TBA Securities [Member]    
Notional amount 350,000 [1] $ 500,000
Cost (308,494) [2] (440,644)
Market value (308,410) [3] (440,274)
Net carrying value 84 370
Notional Amount (350,000) [1] (500,000)
Cost (308,494) [2] (440,644)
TBA Contracts [Member]    
Notional amount 250,000 675,000
Cost (209,260) (582,912)
Market value (209,059) (583,419)
Net carrying value 201 (507)
Notional Amount (250,000) (675,000)
Cost $ (209,260) (582,912)
Two Percent TBA Contract [Member]    
Notional amount   175,000
Cost   (142,268)
Market value   (143,145)
Net carrying value [4]   (877)
Notional Amount   (175,000)
Cost   $ (142,268)
[1] Notional amount represents the par value (or principal balance) of the underlying Agency RMBS.
[2] Cost basis represents the forward price to be paid (received) for the underlying Agency RMBS.
[3] Market value represents the current market value of the TBA securities (or of the underlying Agency RMBS) as of period-end.
[4] 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