Note 6 - Pledged Assets (Tables)

9 Months Ended

Sep. 30, 2023

Notes Tables

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

(in thousands)
	September 30, 2023						December 31, 2022
	Repurchase		Derivative				Repurchase		Derivative
Assets Pledged to Counterparties	Agreements		Agreements		Total		Agreements		Agreements		Total
PT RMBS - fair value	$	4,497,017	$	-	$	4,497,017	$	3,492,544	$	-	$	3,492,544
Structured RMBS - fair value		18,110		-		18,110		20,096		-		20,096
U.S. Treasury securities		4,641		90,435		95,076		-		36,382		36,382
Accrued interest on pledged securities		17,299		-		17,299		11,419		16		11,435
Restricted cash		113,347		6,267		119,614		13,341		18,227		31,568
Total	$	4,650,414	$	96,702	$	4,747,116	$	3,537,400	$	54,625	$	3,592,025

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

(in thousands)
	September 30, 2023						December 31, 2022
	Repurchase		Derivative				Repurchase		Derivative
Assets Pledged to Orchid	Agreements		Agreements		Total		Agreements		Agreements		Total
Cash	$	-	$	12,572	$	12,572	$	3,075	$	13,021	$	16,096
U.S. Treasury securities - fair value		-		-	$	-		197		-		197
Total	$	-	$	12,572	$	12,572	$	3,272	$	13,021	$	16,293