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Note 5 - Derivative and Other Hedging Instruments - Schedule of To Be Announced Securities (Details) - Short [Member] - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Five Percent TBA Securities [Member]    
Notional amount [1] $ 50,000 $ 250,000
Cost basis [2] 50,074 (242,725)
Market value [3] 49,742 (247,657)
Net carrying value [4] (332) (4,932)
Notional amount [1] (50,000) (250,000)
Three Percent TBA Securities [Member]    
Notional amount [1] 200,000  
Cost basis [2] (174,406)  
Market value [3] (169,703)  
Net carrying value [4] 4,703  
Notional amount [1] (200,000)  
TBA Contracts [Member]    
Notional amount [1] 150,000 645,700
Cost basis [2] (124,332) (624,413)
Market value [3] (119,961) (637,107)
Net carrying value [4] 4,371 (12,694)
Notional amount [1] $ (150,000) (645,700)
Two Percent TBA Contract [Member]    
Notional amount [1]   70,700
Cost basis [2]   (59,278)
Market value [3]   (62,647)
Net carrying value [4]   (3,369)
Notional amount [1]   (70,700)
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)
Notional amount [1]   $ (325,000)
[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 the balance sheets.