v3.25.4

Note 9 - Fair Value Disclosures (Tables)

12 Months Ended

Dec. 31, 2025

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:
Corporate bonds and redeemable preferred stock		$	18,449			$	-			$	18,449			$	-
Derivatives			4,651				-				4,651				-
Equity securities			10,424				10,369				55				-
Municipal bonds			3,813				-				3,813				-
RMBS			3				-				3				-
SBA loans			43,090				-				43,090				-
U.S. government agency MBS and CMOs			42,471				-				42,471				-
U.S. government agency debt securities			17,675				-				17,675				-
Total investments - trading		$	140,576			$	10,369			$	130,207			$	-
Other investments, at fair value:
Equity securities		$	21,457				19,831			$	1,626			$	-
Placement units and warrants			19,997				-				19,997				-
Corporate bonds and redeemable preferred stock			535				-				535				-
Notes receivable			2,783				-				2,783				-
			44,772			$	19,831			$	24,941			$	-
Investments measured at NAV (1)			12,486
Total other investments, at fair value		$	57,258
Liabilities
Trading securities sold, not yet purchased:
Corporate bonds and redeemable preferred stock		$	8,107			$	-			$	8,107			$	-
Derivatives			4,245				-				4,245				-
Equity securities			463				463				-				-
U.S. Treasury securities			23,802				23,802				-				-
Total trading securities sold, not yet purchased		$	36,617			$	24,265			$	12,352			$	-

										Significant				Significant
						Quoted Prices in				Other Observable				Unobservable
						Active Markets				Inputs				Inputs
Assets		Fair Value				(Level 1)				(Level 2)				(Level 3)
Investments-trading:
Corporate bonds and redeemable preferred stock		$	27,043			$	-			$	27,043			$	-
Derivatives			4,836				-				4,836				-
Equity securities			965				352				613				-
Foreign government bond			88				-				88				-
Municipal bonds			19,914				-				19,914				-
RMBS			5				-				5				-
SBA loans			28,328				-				28,328				-
U.S. government agency MBS and CMOs			45,911				-				45,911				-
U.S. government agency debt securities			21,242				-				21,242				-
Total investments - trading		$	148,332			$	352			$	147,980			$	-
Other investments, at fair value:
Equity securities		$	11,072			$	8,231			$	2,841			$	-
Placement units and warrants			1,587				-				1,587
Corporate bonds and redeemable preferred stock			531				-				531				-
Notes receivable			11,250								11,250
Interests in SPVs			1,565								1,565
			26,005			$	8,231			$	17,774			$	-
Investments measured at NAV (1)			9,257
Total other investments, at fair value		$	35,262
Liabilities
Trading securities sold, not yet purchased:
Corporate bonds and redeemable preferred stock		$	7,342			$	-			$	7,342			$	-
Derivatives			4,050				-				4,050				-
Equity securities			83				83				-				-
U.S. government agency debt securities			40				-				40				-
U.S. Treasury securities			24,917				24,917				-				-
Total trading securities sold, not yet purchased		$	36,432			$	25,000			$	11,432			$	-
Other investments, sold not yet purchased:
Equity securities		$	1,181			$	1,181			$	-			$	-
Share forward liabilities			470				-				470				-
Total other investments, sold not yet purchased		$	1,651			$	1,181			$	470			$	-

Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Table Text Block]

December 31, 2025

Unfunded Commitments

Redemption Frequency

Redemption Notice Period

Other investments, at fair value

CK Capital Value Fund (a)

$

1,171

N/A

N/A

N/A

CREO JV (b)

8,940

$

7,268

N/A

N/A

U.S. Insurance JV (c)

2,375

N/A

N/A

N/A

$

12,486

December 31, 2024

Unfunded Commitments

Redemption Frequency

Redemption Notice Period

Other investments, at fair value

CREO JV (b)

$

6,432

$

10,118

N/A

N/A

U.S. Insurance JV (c)

2,825

N/A

N/A

N/A

$

9,257

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- Definition

Tabular disclosure of investments in certain entities that calculate net asset value per share or equivalent measured at fair value on a recurring or nonrecurring basis.

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