Condensed Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Mortgage-backed securities, at fair value (includes pledged assets of $5,438,185 and $3,885,554, respectively)	$ 5,442,804	$ 3,894,012
U.S. Treasury securities, available-for-sale (amortized cost of $99,412 and $148,803; includes pledged assets of $99,467 and $79,680, respectively)	99,467	148,820
Cash and cash equivalents	322,105	171,893
Restricted cash	11,612	28,396
Accrued interest receivable	22,868	14,951
Derivative assets	16,846	6,420
Receivable for investment securities and TBA transactions	177	0
Other assets	614	455
Total Assets	5,916,493	4,264,947
LIABILITIES:
Repurchase agreements	5,230,871	3,705,649
Payable for investment securities and TBA transactions	68	60,454
Dividends payable	9,396	6,222
Derivative liabilities	0	12,694
Accrued interest payable	16,372	7,939
Other liabilities	2,585	1,031
Total Liabilities	5,260,469	3,795,002
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:
Preferred stock, $0.01 par value; 20,000,000 shares authorized; no shares issued and outstanding as of September 30, 2024 and December 31, 2023	0	0
Common Stock, $0.01 par value; 100,000,000 shares authorized, 78,082,645 shares issued and outstanding as of September 30, 2024 and 51,636,074 shares issued and outstanding as of December 31, 2023	781	516
Additional paid-in capital	1,003,504	849,845
Accumulated deficit	(348,316)	(380,433)
Accumulated other comprehensive income	55	17
Total Stockholders' Equity	656,024	469,945
Total Liabilities and Stockholders' Equity	5,916,493	4,264,947
Related Party [Member]
LIABILITIES:
Due to affiliates	$ 1,177	$ 1,013