Note 6 - Pledged Assets (Tables)

12 Months Ended

Dec. 31, 2023

Notes Tables

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

(in thousands)
	December 31, 2023						December 31, 2022
	Repurchase		Derivative				Repurchase		Derivative
Assets Pledged to Counterparties	Agreements		Agreements		Total		Agreements		Agreements		Total
PT RMBS - fair value	$	3,868,624	$	-	$	3,868,624	$	3,492,544	$	-	$	3,492,544
Structured RMBS - fair value		16,930		-		16,930		20,096		-		20,096
U.S. Treasury securities - fair value		-		79,680		79,680		-		36,382		36,382
Accrued interest on pledged securities		14,922		-		14,922		11,419		16		11,435
Restricted cash		-		28,396		28,396		13,341		18,227		31,568
Total	$	3,900,476	$	108,076	$	4,008,552	$	3,537,400	$	54,625	$	3,592,025

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

(in thousands)
	December 31, 2023						December 31, 2022
	Repurchase		Derivative				Repurchase		Derivative
Assets Pledged to Orchid	Agreements		Agreements		Total		Agreements		Agreements		Total
Cash	$	42,179	$	-	$	42,179	$	3,075	$	13,021	$	16,096
U.S. Treasury securities - fair value		10,429		-		10,429		197		-		197
Total	$	52,608	$	-	$	52,608	$	3,272	$	13,021	$	16,293