Note 6 - Pledged Assets (Tables)

9 Months Ended

Sep. 30, 2024

Notes Tables

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

(in thousands)
	September 30, 2024						December 31, 2023
	Repurchase		Derivative				Repurchase		Derivative
Assets Pledged to Counterparties	Agreements		Agreements		Total		Agreements		Agreements		Total
PT RMBS - fair value	$	5,422,450	$	-	$	5,422,450	$	3,868,624	$	-	$	3,868,624
Structured RMBS - fair value		15,735		-		15,735		16,930		-		16,930
U.S. Treasury securities		-		99,467		99,467		-		79,680		79,680
Accrued interest on pledged securities		22,853		-		22,853		14,922		-		14,922
Restricted cash		9,172		2,440		11,612		-		28,396		28,396
Total	$	5,470,210	$	101,907	$	5,572,117	$	3,900,476	$	108,076	$	4,008,552

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

(in thousands)
	September 30, 2024						December 31, 2023
	Repurchase		Derivative				Repurchase		Derivative
Assets Pledged to Orchid	Agreements		Agreements		Total		Agreements		Agreements		Total
Cash	$	4,954	$	1,593	$	6,547	$	42,179	$	-	$	42,179
U.S. Treasury securities - fair value		1,923		-		1,923		10,429		-		10,429
Total	$	6,877	$	1,593	$	8,470	$	52,608	$	-	$	52,608