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Financial Instruments | 9 Months Ended
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Sep. 30, 2018
Financial Instruments [Abstract] |
Financial Instruments | 8. FINANCIAL INSTRUMENTS Investments—Trading Investments-trading consisted of the following. ﻿ ﻿
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﻿INVESTMENTS - TRADING
﻿(Dollars in Thousands)
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﻿ |  | September 30, 2018 |  | December 31, 2017
﻿U.S. government agency MBS and CMOs |  | $ | 62,497 |  | $ | 87,608
﻿U.S. government agency debt securities |  |  | 14,537 |  |  | 13,529
﻿RMBS |  |  | 16 |  |  | 32
﻿U.S. Treasury securities |  |  | 4,139 |  |  | 2,466
﻿ABS |  |  | 100 |  |  | 1
﻿SBA loans |  |  | 57,596 |  |  | 4,780
﻿Corporate bonds and redeemable preferred stock |  |  | 49,945 |  |  | 43,435
﻿Foreign government bonds |  |  | 232 |  |  | 483
﻿Municipal bonds |  |  | 24,139 |  |  | 45,709
﻿Certificates of deposit |  |  | 918 |  |  | -
﻿Derivatives |  |  | 5,277 |  |  | 1,118
﻿Equity securities |  |  | 66 |  |  | 3,096
﻿ Investments-trading |  | $ | 219,462 |  | $ | 202,257
﻿ Trading Securities Sold, Not Yet Purchased Trading securities sold, not yet purchased consisted of the following. ﻿
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﻿TRADING SECURITIES SOLD, NOT YET PURCHASED
﻿(Dollars in Thousands)
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﻿ |  | September 30, 2018 |  | December 31, 2017
﻿U.S. government agency MBS and CMOs |  | $ | 17 |  | $ | -
﻿U.S. Treasury securities |  |  | 42,015 |  |  | 62,798
﻿Corporate bonds and redeemable preferred stock |  |  | 34,462 |  |  | 28,445
﻿Municipal bonds |  |  | 20 |  |  | 37
﻿Derivatives |  |  | 4,706 |  |  | 607
﻿ Trading securities sold, not yet purchased |  | $ | 81,220 |  | $ | 91,887
﻿ The Company tries to manage its exposure to changes in interest rates for the interest rate sensitive securities it holds by entering into offsetting short positions for similar fixed rate securities. See note 5 for realized and unrealized gains recognized on investments-trading. ﻿ Other Investments, at fair value Other investments, at fair value, consisted of the following. ﻿
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﻿OTHER INVESTMENTS, AT FAIR VALUE
﻿(Dollars in Thousands)
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﻿ |  | September 30, 2018
﻿ |  | Amortized Cost |  | Carrying Value |  | Unrealized Gain / (Loss)
﻿Equity securities |  | $ | 10,290 |  | $ | 12,057 |  | $ | 1,767
﻿CLOs |  |  | 13,724 |  |  | 14,430 |  |  | 706
﻿CDOs |  |  | 189 |  |  | 26 |  |  | (163)
﻿EuroDekania |  |  | 4,506 |  |  | 1,609 |  |  | (2,897)
﻿U.S. Insurance JV |  |  | 999 |  |  | 1,006 |  |  | 7
﻿SPAC Fund |  |  | 600 |  |  | 602 |  |  | 2
﻿Residential loans |  |  | 44 |  |  | 330 |  |  | 286
﻿Foreign currency forward contracts |  |  | - |  |  | 3 |  |  | 3
﻿ Other investments, at fair value |  | $ | 30,352 |  | $ | 30,063 |  | $ | (289)
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﻿ |  | December 31, 2017
﻿ |  | Amortized Cost |  | Carrying Value |  | Unrealized Gain / (Loss)
﻿Equity securities |  | $ | 7,126 |  | $ | 7,132 |  | $ | 6
﻿CLOs |  |  | 4,362 |  |  | 4,485 |  |  | 123
﻿CDOs |  |  | 189 |  |  | 26 |  |  | (163)
﻿EuroDekania |  |  | 4,827 |  |  | 1,143 |  |  | (3,684)
﻿Derivatives |  |  | - |  |  | (251) |  |  | (251)
﻿Residential loans |  |  | 72 |  |  | 358 |  |  | 286
﻿Foreign currency forward contracts |  |  | - |  |  | (26) |  |  | (26)
﻿ Other investments, at fair value |  | $ | 16,576 |  | $ | 12,867 |  | $ | (3,709)

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- Definition Financial instruments. + References No definition available. + Details
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- Definition The entire disclosure for financial instruments. This disclosure includes, but is not limited to, fair value measurements of short and long term marketable securities, international currencies forward contracts, and auction rate securities. Financial instruments may include hedging and non-hedging currency exchange instruments, derivatives, securitizations and securities available for sale at fair value. Also included are investment results, realized and unrealized gains and losses as well as impairments and risk management disclosures. + References No definition available. + Details
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