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Note 5 - Derivative and Other Hedging Instruments - Schedule of To Be Announced Securities (Details) - Short [Member] - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Three Percent TBA Securities [Member]    
Notional amount [1] $ (400,000) $ (70,700)
Cost basis [2] (340,281) (59,278)
Market value [3] (341,125) (62,647)
Net carrying value [4] (844) (3,369)
TBA Contracts [Member]    
Notional amount [1] (400,000) (645,700)
Cost basis [2] (340,281) (624,413)
Market value [3] (341,125) (637,107)
Net carrying value [4] $ (844) (12,694)
Five Percent TBA Securities [Member]    
Notional amount [1]   (250,000)
Cost basis [2]   (242,725)
Market value [3]   (247,657)
Net carrying value [4]   (4,932)
Five and a Half Percent TBA Securities [Member]    
Notional amount [1]   (325,000)
Cost basis [2]   (322,410)
Market value [3]   (326,803)
Net carrying value [4]   $ (4,393)
[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