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Note 5 - Derivative and Other Hedging Instruments - Schedule of To Be Announced Securities (Details) - Short [Member] - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Five Percent TBA Securities [Member]    
Notional Amount [1] $ 100,000  
Cost [2] 97,617  
Market value [3] 97,386  
Net carrying value (231)  
Notional Amount [1] (100,000)  
Three Percent TBA Securities [Member]    
Notional Amount [1] 350,000 $ 500,000
Cost [2] (297,154) (440,644)
Market value [3] (290,116) (440,274)
Net carrying value 7,038 370
Notional Amount [1] (350,000) (500,000)
Six Percent TBA Securities [Member]    
Notional Amount [1] 100,000  
Cost [2] (99,872)  
Market value [3] (98,766)  
Net carrying value 1,106  
Notional Amount [1] (100,000)  
Six and a Half Percent TBA Securities [Member]    
Notional Amount [1] 152,500  
Cost [2] (154,382)  
Market value [3] (153,310)  
Net carrying value 1,072  
Notional Amount [1] (152,500)  
TBA Contracts [Member]    
Notional Amount [1] 502,500 675,000
Cost [2] (453,791) (582,912)
Market value [3] (444,806) (583,419)
Net carrying value 8,985 (507)
Notional Amount [1] $ (502,500) (675,000)
Two Percent TBA Contract [Member]    
Notional Amount [1]   175,000
Cost [2]   (142,268)
Market value [3]   (143,145)
Net carrying value [4]   (877)
Notional Amount [1]   $ (175,000)
[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