Note 6 - Pledged Assets (Tables)

3 Months Ended

Mar. 31, 2024

Notes Tables

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

(in thousands)
	March 31, 2024						December 31, 2023
	Repurchase		Derivative				Repurchase		Derivative
Assets Pledged to Counterparties	Agreements		Agreements		Total		Agreements		Agreements		Total
PT RMBS - fair value	$	3,859,132	$	-	$	3,859,132	$	3,868,624	$	-	$	3,868,624
Structured RMBS - fair value		16,573		-		16,573		16,930		-		16,930
U.S. Treasury securities		-		79,590		79,590		-		79,680		79,680
Accrued interest on pledged securities		15,262		336		15,598		14,922		-		14,922
Restricted cash		7,418		5,829		13,247		-		28,396		28,396
Total	$	3,898,385	$	85,755	$	3,984,140	$	3,900,476	$	108,076	$	4,008,552

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

(in thousands)
	March 31, 2024						December 31, 2023
	Repurchase		Derivative				Repurchase		Derivative
Assets Pledged to Orchid	Agreements		Agreements		Total		Agreements		Agreements		Total
Cash	$	6,475	$	240	$	6,715	$	42,179	$	-	$	42,179
U.S. Treasury securities - fair value		1,418		-		1,418		10,429		-		10,429
Total	$	7,893	$	240	$	8,133	$	52,608	$	-	$	52,608