v3.25.4
Note 17 - Accounts Payable and Other Liabilities - Accounts Payable and Other Liabilities
 12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Accounts Payable and Accrued Liabilities Disclosure [Text Block]

17. ACCOUNTS PAYABLE AND OTHER LIABILITIES

 

Accounts payable and other liabilities consisted of the following.

 

ACCOUNTS PAYABLE AND OTHER LIABILITIES

(Dollars in Thousands)

 

  

December 31, 2025

  

December 31, 2024

 

Accounts payable

 $704  $812 

Accrued income tax

  1,248   284 

Accrued interest payable

  535   651 

Accrued interest on securities sold, not yet purchased

  222   225 

Payroll taxes payable

  4,733   2,056 

Cash collateral held from repo and or reverse repo counterparties

  -   3,930 

Accrued dividends and distributions

  6,695   - 

Accrued expense and other liabilities

  3,807   2,955 

Accounts payable and other liabilities

 $17,944  $10,913 

 

Cash collateral from repo and or reverse repo counterparties represents collateral received by the Company, which is owed back to reverse repurchase agreement counterparties. When the Company enters into a reverse repo, the Company obtains collateral in excess of the principal of the reverse repo.  The Company accepts collateral in the form of liquid securities or cash.  To the extent the Company receives cash collateral, the Company includes it as a component of other liabilities in the table above.  See note 11.