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Note 9 - Fair Value Disclosures (Tables) | 12 Months Ended
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Dec. 31, 2020
Notes Tables |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] |
|  |  |  |  |  |  |  |  |  | Significant |  |  | Significant |
|  |  |  |  |  | Quoted Prices in |  |  | Other Observable |  |  | Unobservable |
|  |  |  |  |  | Active Markets |  |  | Inputs |  |  | Inputs |
Assets |  | Fair Value |  |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |
Investments-trading: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government agency MBS and CMOs |  | $ | 162,031 |  |  | $ | - |  |  | $ | 162,031 |  |  | $ | - |
U.S. government agency debt securities |  |  | 6,904 |  |  |  | - |  |  |  | 6,904 |  |  |  | - |
RMBS |  |  | 14 |  |  |  | - |  |  |  | 14 |  |  |  | - |
U.S. Treasury securities |  |  | 607 |  |  |  | 607 |  |  |  | - |  |  |  | - |
ABS |  |  | 1 |  |  |  | - |  |  |  | 1 |  |  |  | - |
SBA loans |  |  | 2,742 |  |  |  | - |  |  |  | 2,742 |  |  |  | - |
Corporate bonds and redeemable preferred stock |  |  | 36,388 |  |  |  | - |  |  |  | 36,388 |  |  |  | - |
Foreign government bonds |  |  | 659 |  |  |  | - |  |  |  | 659 |  |  |  | - |
Municipal bonds |  |  | 19,400 |  |  |  | - |  |  |  | 19,400 |  |  |  | - |
Certificates of deposit |  |  | 70 |  |  |  | - |  |  |  | 70 |  |  |  | - |
Derivatives |  |  | 13,717 |  |  |  | - |  |  |  | 13,717 |  |  |  | - |
Equity securities |  |  | 428 |  |  |  | - |  |  |  | 428 |  |  |  | - |
Total investments - trading |  | $ | 242,961 |  |  | $ | 607 |  |  | $ | 242,354 |  |  | $ | - |
Other investments, at fair value: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity securities |  | $ | 51,593 |  |  | $ | 17,422 |  |  | $ | 34,171 |  |  | $ | - |
Corporate bonds and redeemable preferred stock |  |  | 476 |  |  |  | - |  |  |  | 476 |  |  |  | - |
Subordinated Notes |  |  | 1,519 |  |  |  | - |  |  |  | 1,519 |  |  |  | - |
RTLs |  |  | 2,300 |  |  |  | - |  |  |  | 2,300 |  |  |  | - |
Residential loans |  |  | 104 |  |  |  | - |  |  |  | 104 |  |  |  | - |
|  |  | 55,992 |  |  | $ | 17,422 |  |  | $ | 38,570 |  |  | $ | - |
Investments measured at NAV (1) |  |  | 2,548 |  |  |  |  |  |  |  |  |  |  |  |  |
Total other investments, at fair value |  | $ | 58,540 |  |  |  |  |  |  |  |  |  |  |  |  |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trading securities sold, not yet purchased: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury securities |  | $ | 3,348 |  |  | $ | 3,348 |  |  | $ | - |  |  | $ | - |
Corporate bonds and redeemable preferred stock |  |  | 29,206 |  |  |  | - |  |  |  | 29,206 |  |  |  | - |
Municipal bonds |  |  | 20 |  |  |  | - |  |  |  | 20 |  |  |  | - |
Derivatives |  |  | 11,822 |  |  |  | - |  |  |  | 11,822 |  |  |  | - |
Equity securities |  |  | 43 |  |  |  | 43 |  |  |  | - |  |  |  | - |
Total trading securities sold, not yet purchased |  | $ | 44,439 |  |  | $ | 3,391 |  |  | $ | 41,048 |  |  | $ | - |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other investments, sold not yet purchased: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivatives |  | $ | 233 |  |  | $ | 233 |  |  | $ | - |  |  | $ | - |
Equity securities |  |  | 7,182 |  |  |  | 7,182 |  |  |  | - |  |  |  | - |
|  | $ | 7,415 |  |  | $ | 7,415 |  |  | $ | - |  |  | $ | - |
|  |  |  |  |  |  |  |  |  | Significant |  |  | Significant |
|  |  |  |  |  | Quoted Prices in |  |  | Other Observable |  |  | Unobservable |
|  |  |  |  |  | Active Markets |  |  | Inputs |  |  | Inputs |
Assets |  | Fair Value |  |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |
Investments-trading: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government agency MBS and CMOs |  | $ | 196,146 |  |  | $ | - |  |  | $ | 196,146 |  |  | $ | - |
U.S. government agency debt securities |  |  | 14,680 |  |  |  | - |  |  |  | 14,680 |  |  |  | - |
RMBS |  |  | 15 |  |  |  | - |  |  |  | 15 |  |  |  | - |
U.S. Treasury securities |  |  | 11,105 |  |  |  | 11,105 |  |  |  | - |  |  |  | - |
ABS |  |  | 100 |  |  |  | - |  |  |  | 100 |  |  |  | - |
SBA loans |  |  | 27,634 |  |  |  | - |  |  |  | 27,634 |  |  |  | - |
Corporate bonds and redeemable preferred stock |  |  | 38,503 |  |  |  | - |  |  |  | 38,503 |  |  |  | - |
Foreign government bonds |  |  | 844 |  |  |  | - |  |  |  | 844 |  |  |  | - |
Municipal bonds |  |  | 13,737 |  |  |  | - |  |  |  | 13,737 |  |  |  | - |
Certificates of deposit |  |  | 841 |  |  |  | - |  |  |  | 841 |  |  |  | - |
Derivatives |  |  | 3,686 |  |  |  | - |  |  |  | 3,686 |  |  |  | - |
Equity securities |  |  | 561 |  |  |  | - |  |  |  | 561 |  |  |  | - |
Total investments - trading |  | $ | 307,852 |  |  | $ | 11,105 |  |  | $ | 296,747 |  |  | $ | - |
Other investments, at fair value: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity Securities |  | $ | 8,875 |  |  | $ | 2,009 |  |  | $ | 6,866 |  |  | $ | - |
Corporate bonds and redeemable preferred stock |  |  | 477 |  |  |  | - |  |  |  | 477 |  |  |  | - |
CLOs |  |  | 2,522 |  |  |  | - |  |  |  | - |  |  |  | 2,522 |
Residential loans |  |  | 99 |  |  |  | - |  |  |  | 99 |  |  |  | - |
|  |  | 11,973 |  |  | $ | 2,009 |  |  | $ | 7,442 |  |  | $ | 2,522 |
Investments measured at NAV (1) |  |  | 2,891 |  |  |  |  |  |  |  |  |  |  |  |  |
Total other investments, at fair value |  | $ | 14,864 |  |  |  |  |  |  |  |  |  |  |  |  |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trading securities sold, not yet purchased: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury securities |  | $ | 16,827 |  |  | $ | 16,827 |  |  | $ | - |  |  | $ | - |
Corporate bonds and redeemable preferred stock |  |  | 58,083 |  |  |  | - |  |  |  | 58,083 |  |  |  | - |
Municipal bonds |  |  | 20 |  |  |  | - |  |  |  | 20 |  |  |  | - |
Derivatives |  |  | 3,017 |  |  |  | - |  |  |  | 3,017 |  |  |  | - |
Total trading securities sold, not yet purchased |  | $ | 77,947 |  |  | $ | 16,827 |  |  | $ | 61,120 |  |  | $ | - |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] |
|  | Year Ended December 31, |
|  | 2020 |  |  | 2019 |
Beginning of Period |  | $ | 2,522 |  |  | $ | 2,756 |
Net trading |  |  | (57 | ) |  |  | - |
Gains & losses (1) |  |  | (604 | ) |  |  | (123 | )
Accretion of income (1) |  |  | 124 |  |  |  | 414 |
Purchases |  |  | 638 |  |  |  | - |
Sales and returns of capital |  |  | (5,601 | ) |  |  | (525 | )
Reclassification of RTLs |  |  | 5,278 |  |  |  | - |
Transfer out of Level 3 (2) |  |  | (2,300 | ) |  |  | - |
End of Period |  | $ | - |  |  | $ | 2,522 |
Change in unrealized gains / (losses) (3) |  | $ | - |  |  | $ | (4 | )
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] |
|  |  |  |  |  |  | Significant |  |  |  |  |  | Range of |
|  | Fair Value |  | Valuation |  | Unobservable |  | Weighted |  |  | Significant |
|  | December 31, 2019 |  | Technique |  | Inputs |  | Average |  |  | Inputs |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other investments, at fair value |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
CLOs |  | $ | 2,522 |  | Discounted Cash Flow Model |  | Yield |  |  | 17.9 | % |  |  | 16.9% - 19.2% |
|  |  |  |  |  |  | Duration (years) |  |  | 5.8 |  |  |  | 5.3 - 6.5 |
|  |  |  |  |  |  | Default rate |  |  | 2.0 | % |  |  | 2.0% - 2.0% |
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Table Text Block] |
|  | December 31, 2020 |  |  | Unfunded Commitments |  |  | Redemption Frequency |  |  | Redemption Notice Period |
Other investments, at fair value |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Insurance JV (a) |  | $ | 1,564 |  |  | $ | 1,567 |  |  |  | N/A |  |  |  | N/A |
SPAC Funds (b) |  |  | 984 |  |  |  | N/A |  |  |  | Quarterly after 1 year lock up |  |  |  | 90 days |
|  | $ | 2,548 |  |  |  |  |  |  |  |  |  |  |  |  |
|  | December 31, 2019 |  |  | Unfunded Commitments |  |  | Redemption Frequency |  |  | Redemption Notice Period |
Other investments, at fair value |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Insurance JV (a) |  | $ | 2,223 |  |  | $ | 817 |  |  |  | N/A |  |  |  | N/A |
SPAC Funds (b) |  |  | 668 |  |  |  | NA |  |  |  | Quarterly after 1 year lock up |  |  |  | 90 days |
|  | $ | 2,891 |  |  |  |  |  |  |  |  |  |  |  |  |

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