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Valuation Unobservable Input Reconciliation (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Dec. 31, 2023
Transfers        
Financial derivatives–assets, at fair value $ 476   $ 41,867 $ 74,279
Financial derivatives–liabilities, at fair value (957)   (5,681) (7,329)
Fair Value, Recurring [Member]        
Transfers        
Assets, Fair Value Disclosure 754,717   725,782 847,827
Financial derivatives–assets, at fair value 476   41,867 74,279
Securities, at fair value 754,241   683,915 773,548
Financial derivatives–liabilities, at fair value     (5,681)  
Total financial derivatives-liabilities, at fair value (957)   (28,259) (7,329)
Fair Value, Recurring [Member] | Credit Default Swap        
Transfers        
Financial derivatives–assets, at fair value 0   705  
Financial derivatives–liabilities, at fair value (488)   (1,912) (632)
Fair Value, Recurring [Member] | Forward Contracts        
Transfers        
Financial derivatives–assets, at fair value 0   83  
Collateralized Loan Obligations | Fair Value, Recurring [Member]        
Transfers        
Securities, at fair value 249,857   171,122 17,417
Corporate Debt Securities | Fair Value, Recurring [Member]        
Transfers        
Securities, at fair value 434   428  
Equity Securities | Fair Value, Recurring [Member]        
Transfers        
Securities, at fair value 56   56  
Non-Agency RMBS | Fair Value, Recurring [Member]        
Transfers        
Securities, at fair value       20,719
U.S. Treasury Securities | Fair Value, Recurring [Member]        
Transfers        
U.S. Treasury securities sold short, at fair value     (22,578)  
Level 3 [Member]        
Transfers        
Transfers into level 3 16,200 $ 9,300 14,600 1,800
Transfers out of level 3 (10,000) (7,900) (44,300) (900)
Level 3 [Member] | Fair Value, Recurring [Member]        
Transfers        
Assets, Fair Value Disclosure 133,915   104,110 19,039
Financial derivatives–assets, at fair value 0   0 0
Securities, at fair value 133,915   104,110 19,039
Financial derivatives–liabilities, at fair value     0  
Total financial derivatives-liabilities, at fair value 0   0 0
Level 3 [Member] | Fair Value, Recurring [Member] | Credit Default Swap        
Transfers        
Financial derivatives–assets, at fair value 0   0  
Financial derivatives–liabilities, at fair value 0   0 0
Level 3 [Member] | Fair Value, Recurring [Member] | Forward Contracts        
Transfers        
Financial derivatives–assets, at fair value 0   0  
Level 3 [Member] | Collateralized Loan Obligations | Fair Value, Recurring [Member]        
Transfers        
Securities, at fair value 133,423   103,624 5,601
Level 3 [Member] | Corporate Debt Securities | Fair Value, Recurring [Member]        
Transfers        
Securities, at fair value 434   428  
Level 3 [Member] | Equity Securities | Fair Value, Recurring [Member]        
Transfers        
Securities, at fair value 56   56  
Level 3 [Member] | Non-Agency RMBS | Fair Value, Recurring [Member]        
Transfers        
Securities, at fair value       10,276
Level 3 [Member] | U.S. Treasury Securities | Fair Value, Recurring [Member]        
Transfers        
U.S. Treasury securities sold short, at fair value     0  
Level 3 [Member] | Non-Agency RMBS        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]        
Beginning balance 0 10,276 10,276 11,834
Purchases   0 0 4,141
Proceeds from sales   0 (10,898) (5,058)
Fair Value, Measurements with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Principal Repayments   (13)   (226)
(Amortization)/accretion, net   (258) (428) (379)
Net realized gains (losses)   42 3,403 (228)
Change in net unrealized gains (losses)   491 (2,353) 799
Transfers        
Transfers into level 3   1,811 0 0
Transfers out of level 3   6,521 0 607
Ending balance   5,828 0 10,276
Change in net unrealized gains (losses) for level 3 assets still held   400   400
Level 3 [Member] | Agency RMBS [Member]        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]        
Beginning balance 2 3,162 3,162 4,085
Purchases 0 0 0 0
Proceeds from sales 0 (263) (3,010) (1,484)
Fair Value, Measurements with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Principal Repayments   0   (382)
(Amortization)/accretion, net 0 (180) (437) (653)
Net realized gains (losses) 0 20 727 (217)
Change in net unrealized gains (losses) 0 179 (440) 276
Transfers        
Transfers into level 3 0 1,002 0 1,848
Transfers out of level 3 0 0 0 (311)
Ending balance 2 3,920 2 3,162
Change in net unrealized gains (losses) for level 3 assets still held   100   600
Level 3 [Member] | Collateralized Loan Obligations        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]        
Beginning balance 103,624 5,601 5,601 0
Purchases 51,769 16,952 179,444 5,465
Proceeds from sales (17,517) 0 (42,997) 0
Fair Value, Measurements with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Principal Repayments   (1,620)   0
(Amortization)/accretion, net (1,464) (34) (3,045) 102
Net realized gains (losses) (201) 34 1,145 0
Change in net unrealized gains (losses) (8,988) (379) (6,767) 34
Transfers        
Transfers into level 3 16,155 6,456 14,566 0
Transfers out of level 3 (9,955) (1,414) (44,323) 0
Ending balance 133,423 25,596 103,624 5,601
Change in net unrealized gains (losses) for level 3 assets still held (9,500) 200 (6,000) 34
Assets, Fair Value Disclosure $ 133,423      
Level 3 [Member] | Collateralized Loan Obligations | Weighted Average [Member]        
Transfers        
Yield 16.30%      
Level 3 [Member] | Collateralized Loan Obligations | Yields greater than 100%        
Transfers        
Assets, Fair Value Disclosure $ 1,300      
Level 3 [Member] | Collateralized Loan Obligations | Yields greater than 100% | Weighted Average [Member]        
Transfers        
Yield 18.10%      
Level 3 [Member] | Equity Securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]        
Beginning balance $ 56 0 0  
Purchases 0   75  
Proceeds from sales 0   0  
(Amortization)/accretion, net 0   0  
Net realized gains (losses) 0   0  
Change in net unrealized gains (losses) 0   (19)  
Transfers        
Transfers into level 3 0   0  
Transfers out of level 3 0   0  
Ending balance 56   56 0
Change in net unrealized gains (losses) for level 3 assets still held $ (1)   (19)  
Level 3 [Member] | Equity Securities | Weighted Average [Member]        
Transfers        
Yield 20.20%      
Level 3 [Member] | Corporate Debt Securities        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]        
Beginning balance $ 428 $ 0 0  
Purchases 12   400  
Proceeds from sales (13)   (5)  
(Amortization)/accretion, net 0   0  
Net realized gains (losses) 0   3  
Change in net unrealized gains (losses) 7   30  
Transfers        
Transfers into level 3 0   0  
Transfers out of level 3 0   0  
Ending balance 434   428 0
Change in net unrealized gains (losses) for level 3 assets still held $ 7   30  
Level 3 [Member] | Corporate Debt Securities | Weighted Average [Member]        
Transfers        
Yield 16.60%      
Level 1 [Member] | Fair Value, Recurring [Member]        
Transfers        
Assets, Fair Value Disclosure $ 157   170 2,284
Financial derivatives–assets, at fair value 157   170 2,284
Securities, at fair value 0   0 0
Financial derivatives–liabilities, at fair value     (811)  
Total financial derivatives-liabilities, at fair value 0   (811) (63)
Level 1 [Member] | Fair Value, Recurring [Member] | Credit Default Swap        
Transfers        
Financial derivatives–assets, at fair value 0   0  
Financial derivatives–liabilities, at fair value 0   0 0
Level 1 [Member] | Fair Value, Recurring [Member] | Forward Contracts        
Transfers        
Financial derivatives–assets, at fair value 0   0  
Level 1 [Member] | Collateralized Loan Obligations | Fair Value, Recurring [Member]        
Transfers        
Securities, at fair value 0   0 0
Level 1 [Member] | Corporate Debt Securities | Fair Value, Recurring [Member]        
Transfers        
Securities, at fair value 0   0  
Level 1 [Member] | Equity Securities | Fair Value, Recurring [Member]        
Transfers        
Securities, at fair value 0   0  
Level 1 [Member] | Non-Agency RMBS | Fair Value, Recurring [Member]        
Transfers        
Securities, at fair value       0
Level 1 [Member] | U.S. Treasury Securities | Fair Value, Recurring [Member]        
Transfers        
U.S. Treasury securities sold short, at fair value     0  
Level 2 [Member] | Fair Value, Recurring [Member]        
Transfers        
Assets, Fair Value Disclosure 620,645   621,502 826,504
Financial derivatives–assets, at fair value 319   41,697 71,995
Securities, at fair value 620,326   579,805 754,509
Financial derivatives–liabilities, at fair value     (4,870)  
Total financial derivatives-liabilities, at fair value (957)   (27,448) (7,266)
Level 2 [Member] | Fair Value, Recurring [Member] | Credit Default Swap        
Transfers        
Financial derivatives–assets, at fair value 0   705  
Financial derivatives–liabilities, at fair value (488)   (1,912) (632)
Level 2 [Member] | Fair Value, Recurring [Member] | Forward Contracts        
Transfers        
Financial derivatives–assets, at fair value 0   83  
Level 2 [Member] | Collateralized Loan Obligations | Fair Value, Recurring [Member]        
Transfers        
Securities, at fair value 116,434   67,498 11,816
Level 2 [Member] | Corporate Debt Securities | Fair Value, Recurring [Member]        
Transfers        
Securities, at fair value 0   0  
Level 2 [Member] | Equity Securities | Fair Value, Recurring [Member]        
Transfers        
Securities, at fair value $ 0   0  
Level 2 [Member] | Non-Agency RMBS | Fair Value, Recurring [Member]        
Transfers        
Securities, at fair value       $ 10,443
Level 2 [Member] | U.S. Treasury Securities | Fair Value, Recurring [Member]        
Transfers        
U.S. Treasury securities sold short, at fair value     $ (22,578)