Note 6 - Pledged Assets (Tables)

12 Months Ended

Dec. 31, 2024

Notes Tables

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

(in thousands)
	December 31, 2024						December 31, 2023
	Repurchase		Derivative				Repurchase		Derivative
Assets Pledged to Counterparties	Agreements		Agreements		Total		Agreements		Agreements		Total
PT RMBS - fair value	$	5,193,570	$	-	$	5,193,570	$	3,868,624	$	-	$	3,868,624
Structured RMBS - fair value		15,498		-		15,498		16,930		-		16,930
U.S. Treasury securities - fair value		-		100,551		100,551		-		79,680		79,680
Accrued interest on pledged securities		22,852		-		22,852		14,922		-		14,922
Restricted cash		22,818		2,905		25,723		-		28,396		28,396
Total	$	5,254,738	$	103,456	$	5,358,194	$	3,900,476	$	108,076	$	4,008,552

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

(in thousands)
	December 31, 2024						December 31, 2023
	Repurchase		Derivative				Repurchase		Derivative
Assets Pledged to Orchid	Agreements		Agreements		Total		Agreements		Agreements		Total
Cash	$	4,465	$	4,282	$	8,747	$	42,179	$	-	$	42,179
U.S. Treasury securities - fair value		4,146		-		4,146		10,429		-		10,429
Total	$	8,611	$	4,282	$	12,893	$	52,608	$	-	$	52,608