XML 31 R17.htm IDEA: XBRL DOCUMENT
v3.25.4

Note 7 - Offsetting Assets and Liabilities | 12 Months Ended
--- | ---
Dec. 31, 2025
Notes to Financial Statements |
Offsetting Assets and Liabilities [Text Block] | NOTE 7. OFFSETTING ASSETS AND LIABILITIES The Company’s derivative agreements and repurchase agreements are subject to underlying agreements with master netting or similar arrangements, which provide for the right of offset in the event of default or in the event of bankruptcy of either party to the transactions. The Company reports its assets and liabilities subject to these arrangements on a gross basis in the case of repurchase agreements and for certain derivative agreements. CME and LCH rules characterize variation margin transfers as settlement payments, as opposed to adjustments to collateral. As a result, derivative assets and liabilities associated with centrally cleared derivatives for which the CME or LCH serves as the central clearing party are presented as if these derivatives had been settled as of the reporting date. The following table presents information regarding those assets and liabilities subject to such arrangements as if the Company had presented them on a net basis as of December 31, 2025 and 2024.
(in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Offsetting of Assets |
|  |  |  |  |  |  |  |  |  | Net Amount |  |  | Gross Amount Not |  |  |  |  |
|  | Gross |  |  | Gross |  |  | of Assets |  |  | Offset in the Balance Sheet |  |  |  |  |
|  | Amount |  |  | Amount |  |  | Presented |  |  | Financial |  |  |  |  |  |  |  |
|  | of |  |  | Offset in the |  |  | in the |  |  | Instruments |  |  | Cash |  |  |  |  |
|  | Recognized |  |  | Balance |  |  | Balance |  |  | Received as |  |  | Received as |  |  | Net |
|  | Assets |  |  | Sheet |  |  | Sheet |  |  | Collateral |  |  | Collateral |  |  | Amount |
December 31, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps |  | $ | 8,237 |  |  | $ | - |  |  | $ | 8,237 |  |  | $ | - |  |  | $ | - |  |  | $ | 8,237 |
TBA securities |  |  | 1,015 |  |  |  | - |  |  |  | 1,015 |  |  |  | - |  |  |  | (360 | ) |  |  | 655 |
Reverse repurchase agreements |  |  | 128,613 |  |  |  | - |  |  |  | 128,613 |  |  |  | (128,613 | ) |  |  | - |  |  |  | - |
|  | $ | 137,865 |  |  | $ | - |  |  | $ | 137,865 |  |  | $ | (128,613 | ) |  | $ | (360 | ) |  | $ | 8,892 |
December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps |  | $ | 4,574 |  |  | $ | - |  |  | $ | 4,574 |  |  | $ | - |  |  | $ | - |  |  | $ | 4,574 |
TBA securities |  |  | 4,703 |  |  |  | - |  |  |  | 4,703 |  |  |  | - |  |  |  | (4,282 | ) |  |  | 421 |
|  | $ | 9,277 |  |  | $ | - |  |  | $ | 9,277 |  |  | $ | - |  |  | $ | (4,282 | ) |  | $ | 4,995 |
(in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Offsetting of Liabilities |
|  |  |  |  |  |  |  |  |  | Net Amount |  |  | Gross Amount Not |  |  |  |  |
|  | Gross |  |  | Gross |  |  | of Liabilities |  |  | Offset in the Balance Sheet |  |  |  |  |
|  | Amount |  |  | Amount |  |  | Presented |  |  | Financial |  |  |  |  |  |  |  |  |
|  | of |  |  | Offset in the |  |  | in the |  |  | Instruments |  |  |  |  |  |  |  |  |
|  | Recognized |  |  | Balance |  |  | Balance |  |  | Posted as |  |  | Cash Posted |  |  | Net |
|  | Liabilities |  |  | Sheet |  |  | Sheet |  |  | Collateral |  |  | Collateral |  |  | Amount |
December 31, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Repurchase Agreements |  | $ | 10,115,466 |  |  | $ | - |  |  | $ | 10,115,466 |  |  | $ | (10,064,295 | ) |  | $ | (51,171 | ) |  | $ | - |
TBA securities |  |  | 1,846 |  |  |  | - |  |  |  | 1,846 |  |  |  | - |  |  |  | (1,846 | ) |  |  | - |
|  | $ | 10,117,312 |  |  | $ | - |  |  | $ | 10,117,312 |  |  | $ | (10,064,295 | ) |  | $ | (53,017 | ) |  | $ | - |
December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Repurchase Agreements |  | $ | 5,025,543 |  |  | $ | - |  |  | $ | 5,025,543 |  |  | $ | (5,002,725 | ) |  | $ | (22,818 | ) |  | $ | - |
TBA securities |  |  | 332 |  |  |  | - |  |  |  | 332 |  |  |  | - |  |  |  | (280 | ) |  |  | 52 |
|  | $ | 5,025,875 |  |  | $ | - |  |  | $ | 5,025,875 |  |  | $ | (5,002,725 | ) |  | $ | (23,098 | ) |  | $ | 52 |
The amounts disclosed for collateral received by or posted to the same counterparty up to and not exceeding the net amount of the asset or liability presented in the balance sheets. The fair value of the actual collateral received by or posted to the same counterparty typically exceeds the amounts presented. See Note 6 for a discussion of collateral posted or received against or for repurchase obligations and derivative and other hedging instruments.

X
- Definition The entire disclosure related to offsetting assets and liabilities in the balance sheet + References No definition available. + Details
Name: | orc_OffsettingAssetsAndLiabilitiesTextBlock
Namespace Prefix: | orc_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration