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Note 5 - Derivative and Other Hedging Instruments - Schedule of To Be Announced Securities (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
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
Market value [2],[3]   0
Notional amount [2],[5]   0
Four Percent 30-year TBA Securities [Member]    
Cost basis   (215)
Market value [3]   0
Net carrying value [4]   215
Notional amount   0
Market value [3]   0
Notional amount   0
Long [Member] | Four and a Half Percent 15-year TBA Securities [Member]    
Notional amount $ 250,000 [5] 250,000
Cost basis 248,506 [1] 249,998
Market value [3] 247,871 250,186
Net carrying value [4] (635) 188
Market value [3] 247,871 250,186
Long [Member] | TBA Contracts [Member]    
Cost basis 87,911  
Market value [3] 87,657  
Net carrying value [4] (254)  
Notional amount 95,000  
Market value [3] 87,657  
Notional amount (95,000)  
Long [Member] | Five Percent 15 Year TBA Securities [Member]    
Cost basis [1]   218
Market value [3]   0
Net carrying value [4]   (218)
Notional amount [5]   0
Market value [3]   0
Notional amount [5]   0
Short [Member] | Six and a Half Percent 30-year TBA Securities [Member]    
Cost basis (160,595) [1] (161,103)
Market value [3] (160,214) (161,127)
Net carrying value [4] 381 (24)
Notional amount (155,000) [5] (155,000)
Market value [3] $ (160,214) (161,127)
Short [Member] | TBA Contracts [Member]    
Cost basis [1]   (189,107)
Market value [3]   (189,937)
Net carrying value [4]   (830)
Notional amount [5]   180,000
Market value [3]   (189,937)
Notional amount [5]   (180,000)
Short [Member] | Three Percent 30 Year TBA Securities [Member]    
Cost basis [1]   (343)
Market value [3]   0
Net carrying value [4]   343
Notional amount [5]   0
Market value [3]   0
Notional amount [5]   0
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)
Market value [3]   $ (278,996)
[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.