Note 6 - Pledged Assets (Tables)

6 Months Ended

Jun. 30, 2024

Notes Tables

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

(in thousands)
	June 30, 2024						December 31, 2023
	Repurchase		Derivative				Repurchase		Derivative
Assets Pledged to Counterparties	Agreements		Agreements		Total		Agreements		Agreements		Total
PT RMBS - fair value	$	4,504,465	$	-	$	4,504,465	$	3,868,624	$	-	$	3,868,624
Structured RMBS - fair value		16,671		-		16,671		16,930		-		16,930
U.S. Treasury securities		-		78,430		78,430		-		79,680		79,680
Accrued interest on pledged securities		18,972		-		18,972		14,922		-		14,922
Restricted cash		11,185		4,783		15,968		-		28,396		28,396
Total	$	4,551,293	$	83,213	$	4,634,506	$	3,900,476	$	108,076	$	4,008,552

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

(in thousands)
	June 30, 2024						December 31, 2023
	Repurchase		Derivative				Repurchase		Derivative
Assets Pledged to Orchid	Agreements		Agreements		Total		Agreements		Agreements		Total
Cash	$	6,492	$	-	$	6,492	$	42,179	$	-	$	42,179
U.S. Treasury securities - fair value		593		-		593		10,429		-		10,429
Total	$	7,085	$	-	$	7,085	$	52,608	$	-	$	52,608