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Note 5 - Derivative and Other Hedging Instruments - Schedule of To Be Announced Securities (Details) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Long [Member] | Five Percent 15 Year TBA Securities [Member]    
Notional amount [1] $ 250,000 $ 50,000
Cost basis [2] 252,422 50,074
Market value [3] 252,715 49,742
Net carrying value [4] 293 (332)
Short [Member] | Five and a Half Percent 30 Year TBA Securities [Member]    
Cost basis [2] (284,018)  
Market value [3] (284,445)  
Net carrying value [4] (427)  
Notional amount [1] (282,000)  
Short [Member] | TBA Contracts [Member]    
Cost basis [2] (31,596) (124,332)
Market value [3] (31,730) (119,961)
Net carrying value [4] (134) 4,371
Notional amount [1] $ (32,000) (150,000)
Short [Member] | Three Percent 30 Year TBA Securities [Member]    
Cost basis [2]   (174,406)
Market value [3]   (169,703)
Net carrying value [4]   4,703
Notional amount [1]   $ (200,000)
[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.