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Note 5 - Derivative and Other Hedging Instruments - Schedule of To Be Announced Securities (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Three Percent 30 Year TBA Securities [Member]    
Cost basis [1],[2] $ (343)  
Market value [2],[3] 0  
Net carrying value [2],[4] 343  
Notional amount [2],[5] 0  
Notional amount [2],[5] 0  
Three and a Half Percent 30-year TBA Securities [Member]    
Cost basis [1],[2] 34  
Market value [2],[3] 0  
Net carrying value [2],[4] (34)  
Notional amount [2],[5] 0  
Notional amount [2],[5] 0  
Four Percent 30-year TBA Securities [Member]    
Cost basis [1],[2] (215)  
Market value [2],[3] 0  
Net carrying value [2],[4] 215  
Notional amount [2],[5] 0  
Notional amount [2],[5] 0  
Five Percent 30-year TBA Securities [Member]    
Cost basis [1],[2] 218  
Market value [2],[3] 0  
Net carrying value [2],[4] (218)  
Notional amount [2],[5] 0  
Notional amount [2],[5] 0  
Long [Member] | Four and a Half Percent 15-year TBA Securities [Member]    
Notional amount [5] 250,000  
Cost basis [1] 249,998  
Market value [3] 250,186  
Net carrying value [4] 188  
Long [Member] | Five Percent 15 Year TBA Securities [Member]    
Notional amount [5]   $ 50,000
Cost basis [1]   50,074
Market value [3]   49,742
Net carrying value [4]   (332)
Short [Member] | Three Percent 30 Year TBA Securities [Member]    
Cost basis [1]   (174,406)
Market value [3]   (169,703)
Net carrying value [4]   4,703
Notional amount [5]   (200,000)
Short [Member] | Five and a Half Percent 30 Year TBA Securities [Member]    
Cost basis [1] (277,696)  
Market value [3] (278,996)  
Net carrying value [4] (1,300)  
Notional amount [5] (275,000)  
Short [Member] | Six and a Half Percent 30-year TBA Securities [Member]    
Cost basis [1] (161,103)  
Market value [3] (161,127)  
Net carrying value [4] (24)  
Notional amount [5] (155,000)  
Short [Member] | TBA Contracts [Member]    
Cost basis [1] (189,107) (124,332)
Market value [3] (189,937) (119,961)
Net carrying value [4] (830) 4,371
Notional amount [5] 180,000 150,000
Notional amount [5] $ (180,000) $ (150,000)
[1] Cost basis represents the forward price to be paid (received) for the underlying Agency RMBS.
[2] The Company has entered into offsetting long and short positions for these coupons.
[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.
[5] Notional amount represents the par value (or principal balance) of the underlying Agency RMBS.