Cohen & Company (COHN) 10-Q 6 Nov 20 2020 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2020	Nov. 02, 2020
Document Information [Line Items]
Entity Registrant Name	Cohen & Co Inc.
Entity Central Index Key	0001270436
Trading Symbol	cohn
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Current Reporting Status	Yes
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Interactive Data Current	Yes
Entity Common Stock, Shares Outstanding (in shares)		1,375,907
Entity Shell Company	false
Document Type	10-Q
Document Period End Date	Sep. 30, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Amendment Flag	false
Title of 12(b) Security	Common Stock, par value $0.01 per share

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands		Sep. 30, 2020	Dec. 31, 2019
Assets
Cash and cash equivalents		$ 129,266	$ 8,304
Receivables from brokers, dealers, and clearing agencies		61,581	96,132
Due from related parties		958	466
Other receivables		3,582	46,625
Investments-trading		237,271	307,852
Other Investments, at fair value		22,452	14,864
Receivables under resale agreements		6,055,291	7,500,002
Investments in equity method affiliates		7,776	3,799
Goodwill	[1]	109	7,992
Right-of-use asset - operating leases		6,340	7,155
Other assets		2,925	8,433
Total assets		6,527,551	8,001,624
Liabilities
Payables to brokers, dealers, and clearing agencies		139,084	241,261
Accounts payable and other liabilities		130,450	20,295
Accrued compensation		10,155	4,046
Trading securities sold, not yet purchased		54,619	77,947
Securities sold under agreements to repurchase		6,058,998	7,534,443
Deferred income taxes		781	1,339
Lease liability - operating leases		6,824	7,693
Redeemable financial instruments		14,457	16,983
Debt		64,400	48,861
Total liabilities		6,479,768	7,952,868
Commitments and contingencies (See note 21)
Stockholders' Equity:
Voting Non-Convertible Preferred Stock, $0.001 par value per share, 60,000,000 shares authorized, 27,413,098 shares issued and outstanding, respectively		27	27
Common Stock, $0.01 par value per share, 100,000,000 shares authorized, 1,204,110 and 1,193,624 shares issued and outstanding, respectively, including 86,566 and 73,715 unvested or restricted share awards, respectively		12	12
Additional paid-in capital		67,675	68,714
Accumulated other comprehensive loss		(883)	(915)
Accumulated deficit		(35,092)	(34,519)
Total stockholders' equity		31,739	33,319
Non-controlling interest		16,044	15,437
Total equity		47,783	48,756
Total liabilities and equity		$ 6,527,551	$ 8,001,624
[1]	Goodwill and intangible assets are allocated to the Capital Markets and Asset Management business segments as indicated in the table above.

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Sep. 30, 2020	Dec. 31, 2019
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	60,000,000	60,000,000
Preferred stock, shares issued (in shares)	27,413,098	27,413,098
Preferred stock, shares outstanding (in shares)	27,413,098	27,413,098
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	1,204,110	1,193,624
Common stock, shares outstanding (in shares)	1,204,110	1,193,624
Common stock, unvested or restricted share awards (in shares)	86,566	73,715

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Revenues
Net trading		$ 16,957	$ 8,479	$ 55,524	$ 25,873
Principal transactions and other income		2,768	520	2,783	1,688
Total revenues		21,856	11,267	63,745	33,576
Operating expenses
Compensation and benefits		10,965	7,017	36,423	19,813
Business development, occupancy, equipment		641	770	2,037	2,476
Subscriptions, clearing, and execution		2,242	2,403	7,370	6,732
Professional fee and other operating		1,851	1,440	5,230	4,309
Depreciation and amortization		85	80	249	239
Impairment of goodwill				7,883
Total operating expenses		15,784	11,710	59,192	33,569
Operating income (loss)		6,072	(443)	4,553	7
Non-operating income (expense)
Interest expense, net		(1,952)	(1,536)	(7,638)	(5,329)
Earnings / (loss) realized		(1,371)	(109)	(2,711)	(365)
Income (loss) before income tax expense (benefit)		2,749	(2,088)	(5,796)	(5,687)
Income tax expense (benefit)		(594)	(170)	(623)	(917)
Net income (loss)		3,343	(1,918)	(5,173)	(4,770)
Less: Net income (loss) attributable to the non-controlling interest		1,688	(702)	(4,627)	(1,942)
Net income (loss) attributable to Cohen & Company Inc.		$ 1,655	$ (1,216)	$ (546)	$ (2,828)
Income (loss) per common share-basic:
Basic income (loss) per common share (in dollars per share)		$ 1.44	$ (1.06)	$ (0.47)	$ (2.48)
Weighted average shares outstanding-basic (in shares)		1,146,941	1,143,909	1,151,321	1,140,328
Income (loss) per common share-diluted:
Diluted income (loss) per common share (in dollars per share)		$ 1.19	$ (1.06)	$ (0.48)	$ (2.48)
Weighted average shares outstanding-diluted (in shares)	[1]	5,115,583	1,676,318	3,951,163	1,672,737
Dividends declared per common share (in dollars per share)					$ 0.40
Comprehensive income (loss)
Net income (loss)		$ 3,343	$ (1,918)	$ (5,173)	$ (4,770)
Other comprehensive income (loss) item:
Foreign currency translation adjustments, net of tax of $0		98	(152)	35	(127)
Other comprehensive income (loss), net of tax of $0		98	(152)	35	(127)
Comprehensive income (loss)		3,441	(2,070)	(5,138)	(4,897)
Less: comprehensive income (loss) attributable to the non-controlling interest		1,761	(749)	(4,599)	(1,982)
Comprehensive income (loss) attributable to Cohen & Company Inc.		1,680	(1,321)	(539)	(2,915)
Asset Management [Member]
Revenues
Revenues		1,631	2,018	4,938	5,765
New Issue and Advisory [Member]
Revenues
Revenues		$ 500	$ 250	$ 500	$ 250
[1]	Potentially diluted securities that were not included in the diluted per share calculations because they would be anti-dilutive were as follows: Three Months Ended September 30, 2020 Nine Months Ended September 30, 2020 2019 2020 2019 2017 Convertible Note - 1,034,483 1,034,483 1,034,483 2013 Convertible Notes - 528,590 - 553,176 Restricted Common Stock - - 37,572 19,728 Restricted Operating LLC units - - 29,144 - - 1,563,073 1,101,199 1,607,387

Consolidated Statements of Op_2

Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Foreign currency translation adjustments, tax	$ 0	$ 0	$ 0	$ 0
Other comprehensive income (loss), tax	$ 0	$ 0	$ 0	$ 0

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity (Unaudited) - USD ($) $ in Thousands	Cumulative Effect, Period of Adoption, Adjustment [Member]Preferred Stock [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]Common Stock [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]Additional Paid-in Capital [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]Retained Earnings [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]AOCI Attributable to Parent [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]Parent [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]Noncontrolling Interest [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Parent [Member]	Noncontrolling Interest [Member]	Total
Balance at Dec. 31, 2018				$ (20)		$ (20)		$ (20)	$ 5	$ 12	$ 68,591	$ (31,926)	$ (908)	$ 35,774	$ 6,664	$ 42,438
Net income / (loss) attributable to Cohen & Company Inc.												(1,202)		(1,202)
Less: Net income (loss) attributable to the non-controlling interest															(622)
Net income (loss)																(1,824)
Other comprehensive income / (loss)													6	6	3	9
Acquisition / (surrender) of additional units of consolidated subsidiary, net											133		(14)	119	(119)
Equity-based compensation and vesting of shares											117			117		172
Equity-based compensation and vesting of shares, non-controlling interest															55
Shares withheld for employee taxes											(87)			(87)	(41)	(128)
Dividends/Distributions												(290)		(290)		(396)
Dividends/Distributions, NCI															(106)
Purchase and retirement of Common Stock											(65)			(65)		(65)
Investment in non-controlling interest															2,550	2,550
Balance at Mar. 31, 2019									5	12	68,689	(33,438)	(916)	34,352	8,384	42,736
Balance at Dec. 31, 2018				$ (20)		$ (20)		$ (20)	5	12	68,591	(31,926)	(908)	35,774	6,664	42,438
Net income / (loss) attributable to Cohen & Company Inc.																(2,828)
Less: Net income (loss) attributable to the non-controlling interest																(1,942)
Net income (loss)																(4,770)
Other comprehensive income / (loss)																(127)
Acquisition / (surrender) of additional units of consolidated subsidiary, net											133		(14)			119
Balance at Sep. 30, 2019									5	12	68,949	(35,293)	(1,009)	32,664	7,036	39,700
Balance at Mar. 31, 2019									5	12	68,689	(33,438)	(916)	34,352	8,384	42,736
Net income / (loss) attributable to Cohen & Company Inc.												(410)		(410)
Less: Net income (loss) attributable to the non-controlling interest															(618)
Net income (loss)																(1,028)
Other comprehensive income / (loss)													12	12	4	16
Equity-based compensation and vesting of shares											130			130		192
Equity-based compensation and vesting of shares, non-controlling interest															62
Dividends/Distributions												(229)		(229)		(336)
Dividends/Distributions, NCI															(107)
Balance at Jun. 30, 2019									5	12	68,819	(34,077)	(904)	33,855	7,725	41,580
Net income / (loss) attributable to Cohen & Company Inc.												(1,216)		(1,216)		(1,216)
Less: Net income (loss) attributable to the non-controlling interest															(702)	(702)
Net income (loss)																(1,918)
Other comprehensive income / (loss)													(105)	(105)	(47)	(152)
Equity-based compensation and vesting of shares											130			130		190
Equity-based compensation and vesting of shares, non-controlling interest															60
Balance at Sep. 30, 2019									5	12	68,949	(35,293)	(1,009)	32,664	7,036	39,700
Balance at Dec. 31, 2019									27	12	68,714	(34,519)	(915)	33,319	15,437	48,756
Net income / (loss) attributable to Cohen & Company Inc.												(3,102)		(3,102)
Less: Net income (loss) attributable to the non-controlling interest															(8,683)
Net income (loss)																(11,785)
Other comprehensive income / (loss)													(29)	(29)	(71)	(100)
Acquisition / (surrender) of additional units of consolidated subsidiary, net											(123)		8	(115)	115
Equity-based compensation and vesting of shares											46			46		158
Equity-based compensation and vesting of shares, non-controlling interest															112
Shares withheld for employee taxes											(15)			(15)	(39)	(54)
Dividends/Distributions												(27)		(27)		(62)
Dividends/Distributions, NCI															(35)
Balance at Mar. 31, 2020									27	12	68,622	(37,648)	(936)	30,077	6,836	36,913
Balance at Dec. 31, 2019									27	12	68,714	(34,519)	(915)	33,319	15,437	48,756
Net income / (loss) attributable to Cohen & Company Inc.																(546)
Less: Net income (loss) attributable to the non-controlling interest																(4,627)
Net income (loss)																(5,173)
Other comprehensive income / (loss)																35
Acquisition / (surrender) of additional units of consolidated subsidiary, net											(417)		25		392	392
Balance at Sep. 30, 2020									27	12	67,675	(35,092)	(883)	31,739	16,044	47,783
Balance at Mar. 31, 2020									27	12	68,622	(37,648)	(936)	30,077	6,836	36,913
Net income / (loss) attributable to Cohen & Company Inc.												901		901
Less: Net income (loss) attributable to the non-controlling interest															2,368
Net income (loss)																3,269
Other comprehensive income / (loss)													11	11	26	37
Equity-based compensation and vesting of shares											47			47		160
Equity-based compensation and vesting of shares, non-controlling interest															113
Balance at Jun. 30, 2020									27	12	68,669	(36,747)	(925)	31,036	9,343	40,379
Net income / (loss) attributable to Cohen & Company Inc.												1,655		1,655		1,655
Less: Net income (loss) attributable to the non-controlling interest															1,688	1,688
Net income (loss)																3,343
Other comprehensive income / (loss)													25	25	73	98
Acquisition / (surrender) of additional units of consolidated subsidiary, net											(294)		17	(277)	277
Equity-based compensation and vesting of shares											46			46		159
Equity-based compensation and vesting of shares, non-controlling interest															113
Purchase and retirement of Common Stock											(746)			(746)		(746)
Investment in non-controlling interest															4,550	4,550
Balance at Sep. 30, 2020									$ 27	$ 12	$ 67,675	$ (35,092)	$ (883)	$ 31,739	$ 16,044	$ 47,783

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Operating activities
Net income (loss)	$ (5,173)	$ (4,770)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Equity-based compensation	477	554
Accretion of income on other investments, at fair value	(124)	(368)
Realized loss (gain) on other investments, at fair value	(636)	1,451
Change in unrealized (gain) loss on other investments, at fair value	(672)	(2,330)
(Income) / loss from equity method affiliates	2,711	365
Depreciation and amortization	249	239
Impairment of goodwill	7,883
Amortization of discount on debt	536	396
Deferred tax provision (benefit)	(558)	(917)
Change in operating assets and liabilities, net:
Change in receivables from / payables to brokers, dealers, and clearing agencies	(67,626)	(41,065)
Change in receivables from / payables to related parties, net	(492)	476
(Increase) decrease in other receivables	43,043	6,141
(Increase) decrease in investments-trading	70,581	57,307
(Increase) decrease in receivables under resale agreement	1,444,711	579,311
(Increase) decrease in other assets	3,977	(710)
Increase (decrease) in accounts payable and other liabilities	109,065	(1,386)
Increase (decrease) in accrued compensation	6,109	(1,590)
Increase (decrease) in trading securities sold, not yet purchased	(23,328)	(30,106)
(Increase) decrease in securities sold under agreement to repurchase	(1,475,445)	(572,150)
Net cash provided by (used in) operating activities	115,288	(9,152)
Investing activities
Purchase of other investments, at fair value	(18,519)	(1,168)
Sales and returns of principal-other investments, at fair value	14,606	9,291
Investment in equity method affiliate	(6,688)	(3,775)
Purchase of furniture, equipment, and leasehold improvements	(146)	(94)
Net cash provided by (used in) investing activities	(10,747)	4,254
Financing activities
Proceeds from draws on revolving credit facility	17,500	2,159
Proceeds from PPP loan	2,166
Proceeds from non-convertible debt	4,500
Repayment of debt	(9,163)
Proceeds from redeemable financial instruments		1,268
Repayments of redeemable financial instruments	(2,421)
Cash used to net share settle equity awards	(54)	(128)
Purchase and retirement of Common Stock	(746)	(65)
Proceeds from non-controlling interest investment	4,550	2,550
Non-controlling interest distributions	(35)	(213)
Cohen & Company Inc. dividends	(27)	(519)
Net cash provided by (used in) financing activities	16,270	5,052
Effect of exchange rate on cash	151	(130)
Net increase (decrease) in cash and cash equivalents	120,962	24
Cash and cash equivalents, beginning of period	8,304	14,106
Cash and cash equivalents, end of period	$ 129,266	$ 14,130

Note 1 - Organization and Natur

Note 1 - Organization and Nature of Operations	9 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Nature of Operations [Text Block]	1. Organizational History Cohen Brothers, LLC (“Cohen Brothers”) was formed on October 7, 2004 March 4, 2005 May 31, 2005. From its formation until December 16, 2009, December 16, 2009, As a result of the AFN Merger, AFN contributed substantially all of its assets into Cohen Brothers in exchange for newly issued units of membership interests directly from Cohen Brothers. In addition, AFN received additional Cohen Brothers membership interests directly from its members in exchange for AFN common stock. In accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”), the AFN Merger was accounted for as a reverse acquisition, and Cohen Brothers was deemed to be the accounting acquirer. As a result, all of AFN's assets and liabilities were required to be revalued at fair value as of the acquisition date. The remaining units of membership interests of Cohen Brothers that were not Subsequent to the AFN Merger, AFN was renamed Cohen & Company Inc. In January 2011, September 1, 2017 January 1, 2010, The Company The Company is a financial services company specializing in fixed income markets. As of September 30, 2020 $2.65 77.4% $2.05 In these financial statements, the “Company” refers to Cohen & Company Inc. and its subsidiaries on a consolidated basis. Cohen & Company, LLC or the “Operating LLC” refers to the main operating subsidiary of the Company. “Cohen Brothers” refers to the pre-AFN Merger Cohen Brothers, LLC and its subsidiaries. “AFN” refers to the pre-merger Alesco Financial Inc. and its subsidiaries. When the term “Cohen & Company Inc.” is used, it is referring to the parent company itself. “JVB Holdings” refers to J.V.B. Financial Holdings, LLC; “JVB” refers to J.V.B. Financial Group LLC, a broker-dealer subsidiary; “CCFL” refers to Cohen & Company Financial Limited (formerly known as EuroDekania Management LTD), a subsidiary regulated by the Financial Conduct Authority (formerly known as Financial Services Authority) in the United Kingdom; “CCFEL” refers to Cohen & Company Financial (Europe) Limited, a subsidiary regulated by the Central Bank of Ireland in Ireland; and “EuroDekania” refers to EuroDekania (Cayman) Ltd., a Cayman Islands exempted company that was externally managed by CCFL. The Company's business is organized into the following three Capital Markets not Asset Management Principal Investing The Company generates its revenue by business segment primarily through the following activities. Capital Markets ● Trading activities of the Company, which include execution and brokerage services, riskless trading activities as well as gains and losses (unrealized and realized) and income and expense earned on securities and derivatives classified as trading; ● Net interest income on the Company's matched book repo financing activities; and ● New issue and advisory revenue comprised primarily of (i) new issue revenue associated with originating, arranging, or placing newly created financial instruments and (ii) revenue from advisory services. Asset Management ● Asset management fees for the Company's on-going asset management services provided to certain Investment Vehicles, which may Principal Investing ● Gains and losses (unrealized and realized) and income and expense earned on securities classified as other investments, at fair value.

Note 2 - Basis of Presentation

Note 2 - Basis of Presentation	9 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	2. The financial statements of the Company included herein were prepared in conformity with U.S. GAAP for interim financial information and with the instructions to Form 10 10 X. not nine September 30, 2020 2019 not 10 December 31, 2019 Capitalized terms used herein without definition have the meanings ascribed to them in the Annual Report on Form 10 December 31, 2019

Note 3 - Summary of Significant

Note 3 - Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Significant Accounting Policies [Text Block]	3. A. Adoption of New Accounting Standards In February 2016, 2016 02, Leases (Topic 842 2018 01, 2018 10, 2018 11, 2018 20, 2019 01 January 1, 2019. $8,416, $8,860, $20, $18, $406. 13.  In June 2016, 2016 13, Financial Instruments—Credit Losses (Topic 326 2018 19, 2019 05, 2019 11 2020 02 2016 13, January 1, 2020 not  In January 2017, 2017 04, Intangibles Goodwill and Other (Topic 350 Impairment 2 not 2017 04, January 1, 2020. nine September 30, 2020 12. not 2017 04.  In March 2017, 2017 08, Receivables – Nonrefundable Fees and Other Costs, Premium Amortization on Purchased Callable Debt Securities (Sub-Topic 310 20 not 2017 08, January 1, 2019 not  In August 2017, 2017 12, Derivative and Hedging – Targeted Improvements to Accounting for Hedging Activities (Topic 815 2017 12, January 1, 2019 not  In February 2018, 2018 02, Income Statement – Reporting Comprehensive Income (Topic 220 Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income 2018 02, January 1, 2019 not  In June 2018, 2018 07, Compensation – Stock Compensation (Topic 718 Nonemployee Share-Based Payment Accounting 718, 2018 07, January 1, 2019 not In August 2018, 2018 13, Fair Value Measurement (Topic 820 820, 3 3 December 15, 2019. 2018 13, January 1, 2020 not In October 2018, 2018 17, Consolidation (Topic 810 for Variable Interest Entities December 15, 2019 2018 17, January 1, 2020 not  In November 2018, 2018 18, Collaborative Arrangements (Topic 808 Between Topic 808 606 not 2018 18, January 1, 2020 not  In November 2019, 2019 08, Compensation – Stock Compensation (Topic ( 718 606 718, Compensation—Stock Compensation 2019 08, January 1, 2020 not  In March 2020, 2020 04 , Reference Rate Reform (Topic 848 December 31, 2022. 2020 04, March 12, 2020 not  B. Recent Accounting Developments  In December 2019, 2019 12, Income Taxes (Topic 740 740 December 15, 2020 may  In January 2020, 2020 01, Investments—Equity Securities (Topic 321 323 815 321, 323, 815 321 December 15, 2020. may In August 2020, 2020 06, Debt—Debt with Conversion and Other Options (Subtopic 470 20 815 40 December 15, 2023, may C. Fair Value of Financial Instruments The following methods and assumptions were used by the Company in estimating the fair value of its financial instruments. These determinations were based on available market information and appropriate valuation methodologies. Considerable judgment is required to interpret market data to develop the estimates and, therefore, these estimates may not may 8  Cash equivalents 1 Investments-trading third not Other investments, at fair value not Receivables under resale agreements 2 Trading securities sold, not third not Securities sold under agreements to repurchase 2 Redeemable financial instruments 3 Debt September 30, 2020 December 31, 2019 $81,638 $58,635 3 Derivatives may not third  

Note 4 - Other Recent Business

Note 4 - Other Recent Business Transactions or Events	9 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Other Events [Text Block]	4. Insurance Acquisition Corporation ("Insurance SPAC") The Operating LLC is the manager of Insurance Acquisition Sponsor, LLC (“IAS”) and Dioptra Advisors, LLC (“Dioptra,” and, together with IAS, the “Sponsor Entities”). The Sponsor Entities were sponsors of Insurance Acquisition Corp. ("Insurance SPAC"), a special purpose acquisition company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one On June 29, 2020, October 13, 2020, October 15, 2020, October 13, 2020. Upon the Closing, the Sponsor Entities held 375,000 $0.0001 187,500 $11.50 375,000 March 22, 2019. 4,497,525 The Company currently consolidates the Sponsor Entities and previously treated its investment in the Insurance SPAC as an equity method investment. Effective upon the Closing, the Company has reclassified its equity method investment in the Insurance SPAC to other investments, at fair value and has adopted fair value accounting for the investment in SFT, resulting in an amount of principal transaction revenue derived from the (i) the final amount of Sponsor Shares retained by the Sponsor Entities; (ii) the trading share price of the SFT Class A Common Stock and the SFT Warrants; and (iii) fair value discounts related to the share sale restrictions on the Sponsor Shares outlined below. Upon recognition of the principal transaction revenue described above, the Company will record a non-controlling interest expense or compensation expense related to the amount of Sponsor Shares distributable to the non-controlling interest holders in the Sponsor Entities. If the non-controlling interest holder is an employee of the Company, the expense will be recorded as compensation. Otherwise, the expense will be non-controlling interest expense. The Company currently expects that, upon the registration of the Sponsor Shares in accordance with the Amended and Restated Registration Rights Agreement described below, (a) of the Placement Securities, 252,335 126,500 2,477,803 122,665 61,332 2,019,721 Subject to certain limited exceptions, Placement Securities held by IAS will not 30 20% not 20 30 $12.00 20% $13.50 20% $15.00 20% $17.00 20% Concurrently with the Closing, a subsidiary of the Company purchased 600,000 $10.00 600,000 350,000 250,000 At the Closing, the Sponsor Entities and SFT entered into a letter agreement (the “Sponsor Letter Agreement”), pursuant to which the Sponsor Entities will receive certain SFT board of directors observer rights. Pursuant to the Sponsor Letter Agreement, for so long as the Sponsor Entities, the Operating LLC, or any of their respective affiliates (as such term is defined in Rule 405 1933, two In addition, at the Closing, the Sponsor Entities entered into an amended and restated registration rights agreement (the “Amended and Restated Registration Rights Agreement”) with SFT, Cantor Fitzgerald & Co., and certain other initial stockholders of SFT, requiring SFT to, among other things, file a resale shelf registration statement on behalf of the stockholders promptly after the Closing. The Amended and Restated Registration Rights Agreement will also provide certain demand rights and piggyback rights to the stockholders, subject to underwriter cutbacks and issuer blackout periods. INSU Acquisition Corporation II ("Insurance SPAC II") The Operating LLC, is the manager of Insurance Acquisition Sponsor II, LLC (“IAS II”) and Dioptra Advisors II, LLC (“Dioptra II” and, together with IAS II, the “Insurance SPAC II Sponsor Entities”). The Insurance SPAC II Sponsor Entities are sponsors of INSU Acquisition Corp. II (“Insurance SPAC II”), a blank check company that will seek to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one September 8, 2020, 23,000,000 3,000,000 Each Insurance SPAC II Unit consists of one $0.0001 one third one one $11.50 $10.00 $230,000 45 3,000,000 September 4, 2020, 31,386,667 If Insurance SPAC II fails to consummate a Business Combination within the first 18 The Insurance SPAC II Sponsor Entities purchased 452,500 $4,525 $10.00 87,500 $875. one one third one not may not five not 30 In addition, the Insurance SPAC II Sponsor Entities collectively hold 7,846,667 not 20% 20% $12.00, $13.50, $15.00 $17.00, 20 30 The number of founders shares eventually retained by the Insurance SPAC II Sponsor Entities and in which such executives and key employees have an interest through the Insurance SPAC II Sponsor Entities will not A total of $230,000 $9,800 not none 18 100% not 18 not first 18 In connection with the IPO, IAS II has agreed to indemnify Insurance SPAC II for all claims by third $10.00 third The Operating LLC loaned Insurance SPAC II approximately $75 $750 no not no In connection with the closing of the IPO, the Operating LLC and the Insurance SPAC II entered into an Administrative Services Agreement, dated September 2, 2020, 10.6 8 September 9, 2020, first $20 ViaNova Capital Group LLC In 2018, first On November 20, 2018, November 16, 2018. May 4, 2019 September 25, 2019 October 28, 2019.  On March 19, 2020, March 19, 2020, March 19, 2020, August 22, 2020, $500. one $2,300 $2,243 January 1, 2021. COVID 19  In March 2020, 19 19 19, 19  ● The unprecedented volatility of the financial markets experienced since March 2020, ● The financial market volatility, as well as the reduction in volumes in the GCF repo and TBA businesses, that resulted from COVID- 19 350. $7,883 nine September 30, 2020 12. ● JVB's mortgage group's operations are centered on serving the financial needs of mortgage originators and institutions that invest in mortgage backed securities. Prolonged high unemployment could eventually impact mortgage originations and demand for and supply of mortgage backed securities, which may  The Company will likely be impacted by the pandemic in other ways which the Company cannot yet determine. The Company will continue to monitor market conditions and respond accordingly. The Company applied for and received a $2,166 500 not not September 23, 2020, 17. The 2020 On January 31, 2020,  Pursuant to the note purchase agreement, JKD Investor and RNCS each purchased a senior promissory note in the principal amount of $2,250 $4,500 12% January 31, 2022. February 3, 2020, September 25, 2019, $4,386 2019 December 31, 2019 February 3, 2020. $2,400 2019 September 25, 2020, 2019 $2,400 September 25, 2021. 17. DGC Trust/CBF Redeemable Financial Instrument On September 29, 2017, $8,000 $2,000, As of September 25, 2020, $6,500 $2,000 On September 25, 2020, No. 3 September 27, 2020 January 1, 2021, no On September 30, 2020, $2,000 On October 9, 2020 October 15, 2020, No. 4 $6,500 $4,000 one $2,500 twelve September 29, 2020 20% 9.4% zero 3.75% 20% 15.2% zero 3.75% $2,500 October 15, 2020. 16.

Note 5 - Net Trading

Note 5 - Net Trading	9 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Trading Activities [Text Block]	5.  Net trading consisted of the following in the periods presented.  NET TRADING (Dollars in Thousands) Three Months Ended Nine Months Ended September 30, September 30, September 30, September 30, 2020 2019 2020 2019 Net realized gains (losses) - trading inventory $ 6,935 $ 5,919 $ 25,604 $ 15,845 Net unrealized gains (losses) - trading inventory (187 ) (707 ) 1,378 1,664 Net gains and losses 6,748 5,212 26,982 17,509 Interest income- trading inventory 1,577 1,517 6,125 5,192 Interest income - RTLs - 43 - 90 Interest income-receivables under resale agreements 19,040 48,357 77,168 132,176 Interest income 20,617 49,917 83,293 137,458 Interest expense-securities sold under agreements to repurchase (10,230 ) (45,875 ) (53,771 ) (126,378 ) Interest expense-LegacyTexas Credit Facility - (18 ) (39 ) (47 ) Interest expense-margin payable (178 ) (757 ) (941 ) (2,669 ) Interest expense (10,408 ) (46,650 ) (54,751 ) (129,094 ) Net trading $ 16,957 $ 8,479 $ 55,524 $ 25,873  Trading inventory includes investments classified as investments-trading as well as trading securities sold, not 7.  During 2019, January 1, 2020, 326, one Also, see note 10 6 17 

Note 6 - Receivables from and P

Note 6 - Receivables from and Payables to Brokers, Dealers, and Clearing Agencies	9 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Due to and from Broker-Dealers and Clearing Organizations Disclosure [Text Block]	6. Amounts receivable from brokers, dealers, and clearing agencies consisted of the following. RECEIVABLES FROM BROKERS, DEALERS, AND CLEARING AGENCIES (Dollars in Thousands) September 30, 2020 December 31, 2019 Deposits with clearing agencies $ 250 $ 250 Unsettled regular way trades, net 583 12,170 Receivables from clearing agencies 60,748 83,712 Receivables from brokers, dealers, and clearing agencies $ 61,581 $ 96,132 Amounts payable to brokers, dealers, and clearing agencies consisted of the following.  PAYABLES TO BROKERS, DEALERS, AND CLEARING AGENCIES (Dollars in Thousands) September 30, 2020 December 31, 2019 Margin payable $ 139,084 $ 208,441 Due to clearing agent - 32,820 Payables to brokers, dealers, and clearing agencies $ 139,084 $ 241,261  Deposits with clearing agencies represent contractual amounts the Company is required to deposit with its clearing agents.  Securities transactions that settle in the regular way are recorded on the trade date, as if they had settled. The related amounts receivable and payable for unsettled securities transactions are recorded net in receivables from or payables to brokers, dealers, and clearing agencies on the Company's consolidated balance sheets.  Receivables from clearing agencies are primarily comprised of (i) cash received by the Company upon execution of short trades that is restricted from withdrawal by the clearing agent and (ii) cash deposited with the FICC to support the Company's General Collateral Funding (“GCF”) matched book repo business.  Margin payable represents amounts borrowed from Pershing, LLC to finance the Company's trading portfolio. Substantially all of the Company's investments-trading and deposits with clearing agencies serve as collateral for the margin payable. See note 5  Due to clearing agent represents amounts due to Bank of New York under the Company's intra-day and overnight lending facility supporting the GCF matched repo business. See note 10.

Note 7 - Financial Instruments

Note 7 - Financial Instruments	9 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Financial Instruments Disclosure [Text Block]	7. Investments—Trading Investments-trading consisted of the following. INVESTMENTS - TRADING (Dollars in Thousands) September 30, 2020 December 31, 2019 U.S. government agency MBS and CMOs $ 172,865 $ 196,146 U.S. government agency debt securities 4,791 14,680 RMBS 15 15 U.S. Treasury securities 9,917 11,105 ABS 1 100 SBA loans 10,104 27,634 Corporate bonds and redeemable preferred stock 28,375 38,503 Foreign government bonds 681 844 Municipal bonds 3,271 13,737 Certificates of deposit 812 841 Derivatives 6,172 3,686 Equity securities 267 561 Investments-trading $ 237,271 $ 307,852  Trading Securities Sold, Not Trading securities sold, not TRADING SECURITIES SOLD, NOT (Dollars in Thousands) September 30, 2020 December 31, 2019 U.S. government agency debt securities $ 4 $ - U.S. Treasury securities 13,172 16,827 Corporate bonds and redeemable preferred stock 33,941 58,083 Municipal bonds 20 20 Derivatives 5,227 3,017 Equity securities 2,255 - Trading securities sold, not yet purchased $ 54,619 $ 77,947  The Company manages 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 Other Investments, at fair value Other investments, at fair value consisted of the following. OTHER INVESTMENTS, AT FAIR VALUE (Dollars in Thousands) September 30, 2020 Amortized Carrying Unrealized Cost Value Gain / (Loss) Equity securities $ 16,097 $ 17,051 $ 954 Subordinated Notes 900 900 - RTLs 2,243 2,266 23 U.S. Insurance JV 1,224 1,391 167 SPAC Fund 646 745 99 Residential loans 121 99 (22 ) Other investments, at fair value $ 21,231 $ 22,452 $ 1,221  December 31, 2019 Amortized Carrying Unrealized Cost Value Gain / (Loss) Equity securities $ 8,598 $ 9,352 $ 754 CLOs 2,894 2,522 (372 ) U.S. Insurance JV 2,048 2,223 175 SPAC Fund 646 668 22 Residential loans 129 99 (30 ) Other investments, at fair value $ 14,315 $ 14,864 $ 549 

Note 8 - Fair Value Disclosures

Note 8 - Fair Value Disclosures	9 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Fair Value Disclosures [Text Block]	8. Fair Value Option The Company has elected to account for certain of its other financial assets at fair value under the fair value option provisions of FASB ASC 825. Such financial assets accounted for at fair value include: ● securities that would otherwise qualify for available for sale treatment; ● investments in equity method affiliates that have the attributes in FASB ASC 946 10 15 2 ● investments in residential loans. The changes in fair value (realized and unrealized gains and losses) of these instruments for which the Company has elected the fair value option are recorded in principal transactions and other income in the consolidated statements of operations. All of the investments for which the Company has elected the fair value option are included as a component of other investments, at fair value in the consolidated balance sheets. The Company recognized net gains (losses) related to changes in fair value of investments that are included as a component of other investments, at fair value during the three September 30, 2020 2019 1,763 140 nine September 30, 2020 2019 1,308 879 Fair Value Measurements In accordance with FASB ASC 820, three 1 3 three 820 Level 1 Level 2 one 1. Quoted prices for similar assets or liabilities in active markets; 2. Quoted prices for identical or similar assets or liabilities in non-active markets; 3. Pricing models whose inputs are derived, other than quoted prices, are observable for substantially the full term of the asset or liability; or 4. Pricing models whose inputs are derived principally from or corroborated by observable market data through correlation or other means for substantially the full term of the asset or liability. Level 3 In certain cases, the inputs used to measure fair value may Both observable and unobservable inputs may 3 3 may The following tables present information about the Company's assets and liabilities measured at fair value as of September 30, 2020 December 31, 2019 FAIR VALUE MEASUREMENTS ON A RECURRING BASIS September 30, 2020 (Dollars in Thousands) 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 $ 172,865 $ - $ 172,865 $ - U.S. government agency debt securities 4,791 - 4,791 - RMBS 15 - 15 - U.S. Treasury securities 9,917 9,917 - - ABS 1 - 1 - SBA loans 10,104 - 10,104 - Corporate bonds and redeemable preferred stock 28,375 - 28,375 - Foreign government bonds 681 - 681 - Municipal bonds 3,271 - 3,271 - Certificates of deposit 812 - 812 - Derivatives 6,172 - 6,172 - Equity securities 267 - 267 - Total investments - trading $ 237,271 $ 9,917 $ 227,354 $ - Other investments, at fair value: Equity securities $ 17,051 $ 12,424 $ 4,627 $ - Subordinated Notes 900 - 900 - RTLs 2,266 - - 2,266 Residential loans 99 - 99 - 20,316 $ 12,424 $ 5,626 $ 2,266 Investments measured at NAV (1) 2,136 Total other investments, at fair value 22,452 Liabilities Trading securities sold, not yet purchased: U.S. government agency debt securities $ 4 $ - $ 4 $ - U.S. Treasury securities 13,172 13,172 - - Corporate bonds and redeemable preferred stock 33,941 - 33,941 - Municipal bonds 20 - 20 - Derivatives 5,227 - 5,227 - Equity securities 2,255 - 2,255 - Total trading securities sold, not yet purchased $ 54,619 $ 13,172 $ 41,447 $ -  ( 1 As a practical expedient, the Company uses NAV per share (or its equivalent) to measure the fair value of its investments in the U.S. Insurance JV and the SPAC Fund. The U.S. Insurance JV invests in USD denominated debt issued by small insurance and reinsurance companies. The SPAC Fund invests in equity securities of SPACs. According to ASC 820, not  FAIR VALUE MEASUREMENTS ON A RECURRING BASIS December 31, 2019 (Dollars in Thousands) 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 $ 9,352 $ 2,009 $ 7,343 $ - 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 $ -  ( 1 820, not The following provides a brief description of the types of financial instruments the Company holds, the methodology for estimating fair value, and the level within the valuation hierarchy of the estimate. The discussion that follows applies regardless of whether the instrument is included in investments-trading; other investments, at fair value; or trading securities sold, not U.S. Government Agency MBS and CMOs third third 2 U.S. Government Agency Debt Securities third 1 2 RMBS third third third 2 U.S. Treasury Securities not 1 CLOs, CDOs, and ABS may not two two third 2 two 2 two may 3 If quotations are unavailable, prices observed by the Company for recently executed market transactions or valuation models prepared by the Company's management may 3 Establishing fair value is inherently subjective (given the volatile and sometimes illiquid markets for certain interests in securitizations) and requires management to make a number of assumptions, including assumptions about the future of interest rates, discount rates, and the timing of cash flows. The assumptions the Company applies are specific to each security. Although the Company may third SBA Loans third third 2 not 2 3 not. Corporate Bonds and Redeemable Preferred Stock third 2 1 Foreign Government Bonds third 2 Municipal Bonds third third 2 third 3 third Certificates of Deposit third 2 Residential Loans 2  Residential transition loans: 3 Equity Securities 1 The Company may not. may 2 The Company may may 2 3 The Company may may may 2 3 Derivatives Foreign Currency Forward Contracts Foreign currency forward contracts are exchange-traded derivatives, which transact on an exchange that is deemed to be active. The fair value of the foreign currency forward contracts is based on current quoted market prices. Valuation adjustments are not 1 9. TBAs and Other Forward Agency MBS Contracts The Company generally values these securities using third third 2 3 not 9. Other Extended Settlement Trades When the Company buys or sells a financial instrument that will not Level 3 Financial Instruments Measured at Fair Value on a Recurring Basis The following table presents additional information about assets measured at fair value on a recurring basis and for which the Company has utilized level 3   LEVEL 3 Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Beginning of period $ 2,322 $ 2,786 $ 2,522 $ 2,756 Net trading (16 ) - (57 ) - Gains & losses (1) 23 (53 ) (638 ) (80 ) Accretion of income (1) - 102 124 299 Purchases - - 638 - Sales and returns of capital (63 ) (169 ) (5,601 ) (309 ) Reclassification of RTLs - - 5,278 - End of period $ 2,266 $ 2,666 $ 2,266 $ 2,666 Change in unrealized gains / (losses) (2) $ 7 $ (46 ) $ (34 ) $ (73 )  ( 1 Gains and losses and accretion of income on other investments, at fair value are recorded as a component of principal transactions and other income in the consolidated statements of operations. ( 2 Represents the change in unrealized gains and losses for the period included in earnings for assets held at the end of the reporting period.    The following tables provide the quantitative information about level 3 September 30, 2020 December 31, 2019  QUANTITATIVE INFORMATION ABOUT LEVEL 3 (Dollars in Thousands) Significant Range of Fair Value Valuation Unobservable Weighted Significant September 30, 2020 Technique Inputs Average Inputs Assets Other investments, at fair value RTLs $ 2,266 Discounted Cash Flow Model Yield 15.00% 15.00%  QUANTITATIVE INFORMATION ABOUT LEVEL 3 (Dollars in Thousands) 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%  Sensitivity of Fair Value to Changes in Significant Unobservable Inputs For recurring fair value measurements categorized within level 3 ● RTLs: The Company uses a discounted cash flow model to determine the fair value of its investments in RTLs. These loans are short term in nature (generally less than 18 ● CLOs: The Company uses a discounted cash flow model to determine the fair value of its investments in CLOs. Changes in the yield, duration, and default rate assumptions would impact the fair value determined. The longer the duration, the lower the fair value of the investment. The higher the yield, the lower the fair value of the investment. The higher the default rate, the lower the fair value of the investment. Investments in Certain Entities that Calculate NAV Per Share (or its Equivalent) The following table presents additional information about investments in certain entities that calculate NAV per share (regardless of whether the “practical expedient” provisions of FASB ASC 820 September 30, 2020 December 31, 2019  FAIR VALUE MEASUREMENTS OF INVESTMENTS IN CERTAIN ENTITIES THAT CALCULATE NET ASSET VALUE PER SHARE (OR ITS EQUIVALENT) (Dollars in Thousands) Fair Value Unfunded Redemption Redemption September 30, 2020 Commitments Frequency Notice Period Other investments, at fair value U.S. Insurance JV (a) $ 1,391 $ 1,567 N/A N/A SPAC Fund (b) 745 N/A Quarterly after 1 year lock up 90 days $ 2,136 Fair Value Unfunded Redemption Redemption December 31, 2019 Commitments Frequency Notice Period Other investments, at fair value U.S. Insurance JV (a) $ 2,223 $ 817 N/A N/A SPAC Fund (b) 668 N/A Quarterly after 1 year lock up 90 days $ 2,891 (a) The U.S. Insurance JV invests in USD denominated debt issued by small and medium size insurance and reinsurance companies. (b) The SPAC Fund invests in equity interests of SPACs.

Note 9 - Derivative Financial I

Note 9 - Derivative Financial Instruments	9 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Derivative Instruments and Hedging Activities Disclosure [Text Block]	9. FASB ASC 815, Derivatives and Hedging 815” not 815. All of the derivatives that the Company enters into contain master netting arrangements. If certain requirements are met, the offsetting provisions included in FASB ASC 210, Balance Sheet 210” not 210 not no Derivative financial instruments are recorded at fair value. If the derivative was entered into as part of the Company's broker-dealer operations, it will be included as a component of investments-trading or trading securities sold, not The Company may, may TBAs are forward contracts to purchase or sell MBS whose collateral remain “to be announced” until just prior to the trade settlement date. In addition to TBAs, the Company sometimes enters into forward purchases or sales of agency MBS where the underlying collateral has been identified. These transactions are referred to as other forward agency MBS contracts. TBAs and other forward agency MBS contracts are accounted for as derivatives by the Company under ASC 815. not In addition to TBAs and other forward agency MBS contracts as part of the Company's broker-dealer operations, the Company may not not Derivatives involve varying degrees of off-balance sheet risk, whereby changes in the level or volatility of interest rates or market values of the underlying financial instruments may The Company may, Foreign Currency Forward Contracts The Company invests in foreign currency denominated investments that expose it to fluctuations in foreign currency rates, and, therefore, the Company may, September 30, 2020 December 31, 2019 no TBAs and Other Forward Agency MBS Contracts The Company enters into TBAs and other forward agency MBS transactions for three (i) The Company trades U.S. government agency obligations. In connection with these activities, the Company may may (ii) The Company also enters into TBAs and other forward agency MBS contracts in order to assist clients (generally small to mid-size mortgage loan originators) in hedging the interest rate risk associated with the mortgages owned by these clients. (iii) Finally, the Company may The Company carries the TBAs and other forward agency MBS contracts at fair value and includes them as a component of investments-trading or trading securities sold, not September 30, 2020 $1,836,000 $1,936,750 December 31, 2019 $1,773,000 $1,874,194. Other Extended Settlement Trades When the Company buys or sells a financial instrument that will not September 30, 2020 $11,045 $0 December 31, 2019 $1,526 $0.  The following table presents the Company's derivative financial instruments and the amount and location of the fair value (unrealized gain / (loss)) recognized in the consolidated balance sheets as of September 30, 2020 December 31, 2019  DERIVATIVE FINANCIAL INSTRUMENTS-BALANCE SHEET INFORMATION (Dollars in Thousands) Derivative Financial Instruments Not Designated as Hedging Instruments Under FASB ASC 815 Balance Sheet Classification September 30, 2020 December 31, 2019 TBAs and other forward agency MBS Investments-trading $ 6,172 $ 3,686 Other extended settlement trades Investments-trading - - Foreign currency forward contracts Other investments, at fair value - - TBAs and other forward agency MBS Trading securities sold, not yet purchased (5,213 ) (3,017 ) Other extended settlement trades Trading securities sold, not yet purchased (14 ) - $ 945 $ 669 The following tables present the Company's derivative financial instruments and the amount and location of the net gain (loss) recognized in the consolidated statements of operations.  DERIVATIVE FINANCIAL INSTRUMENTS-STATEMENT OF OPERATIONS INFORMATION (Dollars in Thousands) Derivative Financial Instruments Not Designated as Hedging Instruments Under FASB ASC 815 Income Statement Classification Nine Months Ended September 30, 2020 Nine Months Ended September 30, 2019 Foreign currency forward contracts Revenue-principal transactions and other income $ - $ 51 Other extended settlement trades Revenue-net trading (14 ) (67 ) TBAs and other forward agency MBS Revenue-net trading 3,427 4,016 $ 3,413 $ 4,000  Derivative Financial Instruments Not Designated as Hedging Instruments Under FASB ASC 815 Income Statement Classification Three Months Ended September 30, 2020 Three Months Ended September 30, 2019 Foreign currency forward contracts Revenue-principal transactions and other income $ - $ 8 Other extended settlement trades Revenue-net trading (1 ) 5 TBAs and other forward agency MBS Revenue-net trading 2,111 2,068 $ 2,110 $ 2,081

Note 10 - Collateralized Securi

Note 10 - Collateralized Securities Transactions	9 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Repurchase Agreements, Resale Agreements, Securities Borrowed, and Securities Loaned Disclosure [Text Block]	10. Matched Book Repo Business The Company enters into repos and reverse repos as part of its matched book repo business. In general, the Company will lend money to a counterparty after obtaining collateral securities from that counterparty pursuant to a reverse repo. The Company will borrow money from another counterparty using the same collateral securities pursuant to a repo. The Company seeks to earn net interest income on these transactions. Currently, the Company categorizes its matched book repo business into two Gestation Repo Gestation repo involves entering into repo and reverse repo where the underlying collateral security represents a pool of newly issued mortgage loans. The borrowers (the reverse repo counterparties) are generally mortgage originators. The lenders (the repo counterparties) are a diverse group of the counterparties comprised of banks, insurance companies, and other financial institutions. The Company self-clears its gestation repo transactions. GCF Repo In October 2017, November 2017. $25,000, April 25, 2018. 17. 26 October 2020. Other Repo Transactions In addition to the Company's matched book repo business, the Company may may no not Repo Information At September 30, 2020 December 31, 2019 $6,055,291 $7,500,002, $6,237,942 $7,769,693, September 30, 2020 December 31, 2019 34 41 At September 30, 2020 December 31, 2019 $6,058,998 $7,534,443, $6,001,643 $7,561,978, Intraday and Overnight Lending Facility In conjunction with the Company's GCF repo business, on October 19, 2018, September 30, 2020 $75,000. October 15, 2021. 364 .  The BONY lending facility is structured so that advances are generally repaid before the end of each business day. However, if an advance is not 0.12%. 3% 0.50% nine September 30, 2020 no December 31, 2019 $32,818 $2, $32,820, December 31, 2019 January 2020.  Concentration  In the matched book repo business, the demand for borrowed funds is generated by the reverse repo counterparty and the supply of funds is provided by the repo counterparty. On the demand side, the Company does not may not may  The gestation repo business has been and continues to be concentrated as to reverse repurchase counterparties. The Company conducts this business with a limited number of reverse repo counterparties. As of September 30, 2020 December 31, 2019 nine seven The total net revenue earned by the Company on its matched book repo business (both gestation repo and GCF repo) was $8,850 $23,645 three nine September 30, 2020 $2,566 $6,202 three nine September 30, 2019   Detail Effective June 1, 2019, 210 June 1, 2019, June 1, 2019)  As of September 30, 2020 $6,055,291 $6,058,998 $1,360,835 $3,485,655  As of December 31, 2019 $7,500,002 $7,534,443. $371,025 $5,138,712, The following tables summarize the remaining contractual maturity of the gross obligations under repos accounted for as secured borrowings segregated by the underlying collateral pledged as of each date shown. All amounts as well as counterparty cash collateral (see note 14 SECURED BORROWINGS (Dollars in Thousands) September 30, 2020 Repurchase Agreements Remaining Contractual Maturity of the Agreements Overnight and Up to 30 90 Greater than Collateral Type: Continuous 30 days days 90 days Total U.S. government agency MBS (GCF repo) $ 1,585,612 $ 2,117,848 $ - $ - $ 3,703,460 MBS (gestation repo) 153,684 2,079,479 112,747 - 2,345,910 SBA loans 9,628 - - - 9,628 $ 1,748,924 $ 4,197,327 $ 112,747 $ - $ 6,058,998 Reverse Repurchase Agreements Remaining Contractual Maturity of the Agreements Overnight and Up to 30 90 Greater than Collateral Type: Continuous 30 days days 90 days Total U.S. government agency MBS (GCF repo) $ 1,360,835 $ 1,967,857 $ 325,208 $ 53,268 $ 3,707,168 MBS (gestation repo) 155,452 2,079,915 112,756 - 2,348,123 $ 1,516,287 $ 4,047,772 $ 437,964 $ 53,268 $ 6,055,291    SECURED BORROWINGS (Dollars in Thousands) December 31, 2019 Repurchase Agreements Remaining Contractual Maturity of the Agreements Overnight and Up to 30 - 90 Greater than Collateral Type: Continuous 30 days days 90 days Total U.S. government agency MBS (GCF repo) $ 5,117,811 $ 1,546,510 $ - $ - $ 6,664,321 MBS (gestation repo) - 742,035 100,403 - 842,438 SBA loans 27,684 - - - 27,684 $ 5,145,495 $ 2,288,545 $ 100,403 $ - $ 7,534,443 Reverse Repurchase Agreements Remaining Contractual Maturity of the Agreements Overnight and Up to 30 - 90 Greater than Collateral Type: Continuous 30 days days 90 days Total U.S. government agency MBS (GCF repo) $ 1,231,027 $ 2,525,188 $ 2,319,079 $ 575,058 $ 6,650,352 MBS (gestation repo) - 747,692 101,958 - 849,650 $ 1,231,027 $ 3,272,880 $ 2,421,037 $ 575,058 $ 7,500,002

Note 11 - Investments in Equity

Note 11 - Investments in Equity Method Affiliates	9 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Equity Method Investments and Joint Ventures Disclosure [Text Block]	11. Equity method accounting requires that the Company record its investments in equity method affiliates on the consolidated balance sheets and recognize its share of the equity method affiliates' net income as earnings each reporting period. The Company elected to use the cumulative earnings approach for the distributions it receives from its equity method investments. Under the cumulative earnings approach, any distributions received up to the amount of cumulative earnings are treated as return on investment and classified in operating activities within the cash flows. Any excess distributions would be considered as return of investments and classified in investing activities.  The Company has certain equity method affiliates for which it has elected the fair value option. Those investees are excluded from the table below. Those investees are included as a component of other investments, at fair value in the consolidated balance sheets. All gains and losses (unrealized and realized) from securities classified as other investments, at fair value in the consolidated balance sheets are recorded as a component of principal transactions and other income in the consolidated statement of operations. See notes 8 24.  The following table summarizes the activity and earnings in the Company's investment that is accounted for under the equity method. INVESTMENTS IN EQUITY METHOD AFFILIATES (Dollars in Thousands) Insurance SPAC Insurance SPAC II FTAC Olympus Acquisition Corp. AOI CK Capital Total January 1, 2020 $ 3,222 $ - $ - $ 559 $ 18 $ 3,799 Investments / advances - 4,550 41 2,097 - 6,688 Distributions / repayments - - - - - - Earnings / (loss) realized (3,138 ) (87 ) (3 ) 195 322 (2,711 ) September 30, 2020 $ 84 $ 4,463 $ 38 $ 2,851 $ 340 $ 7,776 SUMMARIZED FINANCIAL RESULTS OF SIGNIFICANT EQUITY METHOD SUBSIDIARIES (Dollars in Thousands) Three Months Ended Nine Months Ended September 30, September 30, September 30, September 30, 2020 2019 2020 2019 Insurance SPAC: Net income/(loss) $ (1,547 ) $ 530 $ (2,700 ) $ 1,006 Net income/(loss) attributable to the investee $ (1,547 ) $ 530 $ (2,700 ) $ 1,006 

Note 12 - Goodwill

Note 12 - Goodwill	9 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Goodwill Disclosure [Text Block]	12.  Goodwill consisted of the following.  GOODWILL (Dollars in Thousands) September 30, 2020 December 31, 2019 AFN $ 109 $ 109 JVB - 7,883 Goodwill $ 109 $ 7,992 The Company measures its goodwill impairment on an annual basis or when events indicate that goodwill may October 1 January 1 In the first 2020, 19 4. no The Company performed a valuation of JVB as of March 31, 2020 350, $7,883 nine September 30, 2020 

Note 13 - Leases

Note 13 - Leases	9 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	13.  The Company leases office space and certain computer and related equipment and a vehicle under noncancelable operating leases. The Company determines if an arrangement is a lease at the inception date of the contract. The Company measures operating lease liabilities using an estimated incremental borrowing rate as there is no  The Company adopted the provisions of ASC 842 January 1, 2019. not January 1, 2019. $8,416, $8,860, $20, $18, $406.  Rent expense is recognized on a straight-line basis over the lease term and is in included business development, occupancy, and equipment expense.  As of September 30, 2020 8.0 5.40%  Maturities of operating lease liability payments consisted of the following. FUTURE MATURITY OF LEASE LIABILITIES (Dollars in Thousands) As of September 30, 2020 2020 - remaining $ 384 2021 1,116 2022 941 2023 955 2024 983 Thereafter 4,094 Total 8,473 Less imputed interest (1,649 ) Lease obligation $ 6,824 During the nine September 30, 2020 2019 $1,187 $1,153 No three nine September 30, 2020 $82 $238 $371 $1,134 three nine September 30, 2019 $73 $202 $387 $1,174 

Note 14 - Other Receivables, Ot

Note 14 - Other Receivables, Other Assets, Accounts Payable and Other Liabilities	9 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Other Receivables, Other Assets, Accounts Payable and Other Liabilities [Table Text Block]	14.  Other receivables consisted of the following. OTHER RECEIVABLES (Dollars in Thousands) September 30, 2020 December 31, 2019 Cash collateral due from counterparties $ 225 $ 41,172 Asset management fees receivable 951 1,159 Accrued interest receivable and dividend receivable 1,605 3,549 Revenue share receivable 150 150 Other receivables 651 595 Other receivables $ 3,582 $ 46,625  When the Company enters into a reverse repo, it obtains collateral in excess of the principal amount of the reverse repo. The Company accepts collateral in the form of liquid securities or cash. If the value of the securities the Company receives as collateral increases, the Company's reverse repo counterparties may  When the Company enters into repo transactions, the Company provides collateral to the Company's repo counterparties in excess of the principal balance of the repo. The Company's counterparties accept collateral in the form of liquid securities or cash. To the extent the Company provides the collateral in cash, the Company includes it as a component of other receivables (see above).  Asset management fees receivable are of a routine and short-term nature. These amounts are generally accrued monthly and paid on a monthly or quarterly basis. Accrued interest and dividends receivable represent interest and dividends accrued on the Company's investment securities included as a component of investments-trading or other investments, at fair value. Interest payable on securities sold, not  Other assets consisted of the following. OTHER ASSETS (Dollars in Thousands) September 30, 2020 December 31, 2019 Deferred costs $ 124 $ 301 Prepaid expenses 1,079 796 Prepaid income taxes 69 - Deposits 399 656 Miscellaneous other assets 275 275 RTLs - 5,323 Furniture, equipment, and leasehold improvements, net 813 916 Intangible assets 166 166 Other assets $ 2,925 $ 8,433  Deferred costs and prepaid expenses represent amounts paid for services that are being amortized over their expected period of use and benefit. They are all routine and short-term in nature. Deposits are amounts held by landlords or other parties which will be returned or offset upon satisfaction of a lease or other contractual arrangement. During 2019, January 1, 2020, 326, 4, 15, 16 10 December 31, 2019  Accounts payable and other liabilities consisted of the following.  ACCOUNTS PAYABLE AND OTHER LIABILITIES (Dollars in Thousands) September 30, 2020 December 31, 2019 Accounts payable $ 508 $ 362 Redeemable financial instruments accrued interest 271 403 Accrued interest payable 695 711 Accrued interest on securities sold, not yet purchased 496 914 Payroll taxes payable 1,035 729 Counterparty cash collateral 125,294 9,524 Accrued expense and other liabilities 2,151 7,652 Accounts payable and other liabilities $ 130,450 $ 20,295 The redeemable financial instrument accrued interest represents accrued interest on the JKD Capital Partners I LTD and the DGC Trust/CBF redeemable financial instruments. See note 16. 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 (counterparty cash collateral) in the table above. When the Company enters into repo transactions, the Company provides collateral to the Company's repo counterparty in excess of the principal balance of the repo. If the value of the securities the Company provides as collateral increases, the Company may 10 23.

Note 15 - Variable Interest Ent

Note 15 - Variable Interest Entities	9 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Variable Interest Entity Disclosure [Text Block]	15.  As a general matter, a reporting entity must consolidate a variable interest entity (“VIE”) when it is deemed to be the primary beneficiary. The primary beneficiary is the entity that has both (a) the power to direct the matters that most significantly impact the VIE's financial performance and (b) a significant variable interest in the VIE.  The Company's Principal Investing Portfolio  Included in other investments, at fair value in the consolidated balance sheets are investments in several VIEs. In each case, the Company determined it was not September 30, 2020 $1,567 not three nine September 30, 2020 2019 no September 30, 2020 December 31, 2019  For each investment management contract entered into by the Company, the Company assesses whether the entity being managed is a VIE and if the Company is the primary beneficiary. Certain of the Investment Vehicles managed by the Company are VIEs. Under the current guidance of ASU 2015 12, not no not  The Company's Trading Portfolio  From time to time, the Company may not not not two not  The following table presents the carrying amounts of the assets in the Company's consolidated balance sheets related to the Company's variable interests in identified VIEs with the exception of (i) the two 17 not September 30, 2020 December 31, 2019 CARRYING VALUE OF VARIABLE INTERESTS IN NON-CONSOLIDATED VARIABLE INTEREST ENTITIES (Dollars in Thousands) As of September 30, 2020 As of December 31, 2019 Other Investments, at fair value $ 2,136 $ 5,413 Maximum exposure $ 2,136 $ 5,413

Note 16 - Redeemable Financial

Note 16 - Redeemable Financial Instruments	9 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Other Liabilities Disclosure [Text Block]	16.  Redeemable financial instruments consisted of the following. REDEEMABLE FINANCIAL INSTRUMENTS (Dollars in Thousands) As of September 30, 2020 As of December 31, 2019 JKD Capital Partners I LTD $ 7,957 $ 7,957 DGC Trust/CBF 6,500 8,500 ViaNova Capital Group, LLC - 526 $ 14,457 $ 16,983   JKD Capital Partners I LTD Amendment  On October 3, 2016, $12,000 $6,000 $1,000 January 2017, $1,268 January 9, 2019. In exchange for the JKD Investment, the Operating LLC agreed to pay to JKD Investor during the term of the JKD Investment Agreement an amount (“JKD Investment Return”) equal to 50% October 3, 2016  On March 6, 2019,  (a) during the fourth 2018, 42% (b) commencing on January 1, 2019  The JKD Investor may 90 60 may 60 Upon a termination of the JKD Investment Agreement, as amended, the Operating LLC will pay to the JKD Investor an amount equal to the “Investment Balance” (as such term is defined in the JKD Investment Agreement, as amended) as of the day prior to such termination. At any time following October 3, 2019, may, two  If the Operating LLC or JVB sells JVB's Institutional Corporate Trading Business to any unaffiliated third not 25%  DGC Trust/ CBF Amendments  Prior to September 30, 2019, two  The CBF Investment Agreement and the DGC Trust Investment Agreement were both amended on September 25, 2019, December 4, 2019, October 1, 2019.  (a) The term “Investment Amount” under the CBF Investment Agreement was reduced from $8,000 $6,500 one $1,500 $1,500 October 2019. (b) The term “Investment Return” under the CBF Investment Agreement was amended to mean an annual return equal to:  ● for the Annual Period ending on September 29, 2020, 3.75% x 11.47% zero $11,777 7.65% $11,777. second twelve September 29, 2020 3.75% x 11.47% zero $5,333, $612 $5,333 $8,000, 7.65% $8,000, ● for any Annual Period following September 29, 2020, ( x 20% 15.29% zero 3.75% (c) The term “Investment Return” under the DGC Trust Investment Agreement was amended to mean an annual return equal to:  ● for the twelve September 29, 2020, 3.75% x 3.53% zero $11,177 2.35% $11,177. second 3.75% x 3.53% zero $5,333 $188 $5,333, $8,000, 2.35% $8,000 ● for any Annual Period following September 29, 2020, ( x 20% 4.71% zero 3.75%  On September 25, 2020, No. 3 September 27, 2020 January 1, 2021, no On September 30, 2020, $2,000. On October 9, 2020 October 15, 2020, No. 4 $6,500 $4,000 one $2,500 twelve September 29, 2020 20% 9.4% zero 3.75% 20% 15.2% zero 3.75% $2,500 October 15, 2020. ViaNova Capital Group LLC  On November 16, 2018, November 19, 2018, $500, $250, $500, $2,750, February 2019, $220 $250  Pursuant to the ViaNova Investment Agreement, in consideration of the ViaNova Investment, once the Operating LLC was repaid $693  During the first 2020, August 22, 2020, 4. 

Note 17 - Debt

Note 17 - Debt	9 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Debt Disclosure [Text Block]	17.  The Company had the following debt outstanding. DETAIL OF DEBT (Dollars in Thousands) As of As of Interest Description September 30, 2020 December 31, 2019 Rate Terms Interest (4) Maturity Non-convertible debt: 12.00% senior note (the "2020 Senior Note") $ 4,500 $ - Fixed 12.00% January 2022 12.00% senior note (the "2019 Senior Note") 2,400 6,786 Fixed 12.00% September 2021 (1) PPP Loan 2,166 - Fixed 1.00% May 2022 Contingent convertible debt: 8.00% convertible senior note (the "2017 Convertible Note") 15,000 15,000 Fixed 8.00% March 2022 (2) Less unamortized debt issuance costs (480 ) (703 ) 14,520 14,297 Junior subordinated notes (3): Alesco Capital Trust I 28,125 28,125 Variable 4.27% July 2037 Sunset Financial Statutory Trust I 20,000 20,000 Variable 4.37% March 2035 Less unamortized discount (24,811 ) (25,124 ) 23,314 23,001 FT Financial Credit Facility 17,500 - Variable N/A April 2021 LegacyTexas Credit Facility - 4,777 Variable N/A NA Total $ 64,400 $ 48,861 ( 1 On September 25, 2019, 2013 September 25, 2019. 2013 September 25, 2019 September 25, 2020; 2013 8% 9% 12% 13% “2019 “2013 September 25, 2020, 2019 September 25, 2020 September 25, 2021. ( 2 The holder of the 2017 may $1.45 not may, $0.01 ten one 2017 $14.50. 20 10 December 31, 2019 ( 3 The junior subordinated notes listed represent debt the Company owes to the two $49,614. $1,489. $49,614 not $0. September 30, 2020 14.24% ( 4 Represents the interest rate in effect as of the last day of the reporting period.  The 2020 On January 31, 2020,  Pursuant to the note purchase agreement, JKD Investor and RNCS each purchased a senior promissory note in the principal amount of $2,250 $4,500 12% January 31, 2022. February 3, 2020, September 25, 2019, $4,386 2019 December 31, 2019 February 3, 2020. $2,400 2019 The 2019 On September 25, 2019, 2013 September 25, 2019. 2013 September 25, 2019 September 25, 2020; 2013 8% 9% 12% 13% “2019 “2013 September 25, 2020, 2019 September 25, 2020 September 25, 2021. 2019 The Amendment to the 2017 In connection with the amendment to the 2019 September 25, 2020, No. 1 2017 2017 2017 2017 2017 13d 3 2017 2017 PPP Loan On May 1, 2020, 1.0% first six two may Under the terms of the CARES Act, PPP Loan recipients can apply for and be granted forgiveness for all or a portion of the PPP Loan, with such forgiveness to be determined, subject to limitations, based on the use of the PPP Loan proceeds for payment of payroll costs and payments of mortgage interest, rent, and utilities. The terms of any forgiveness may may In order to obtain forgiveness of the PPP Loan, the Company must submit a request and provide satisfactory documentation regarding its compliance with applicable requirements. While the Company currently believes that its use of the PPP Loan proceeds will meet the conditions for forgiveness under the PPP, no September 23, 2020, The PPP Loan contains customary events of default relating to, among other things, payment defaults and breaches of representations, warranties, or covenants. The occurrence of an event of default may LegacyTexas Bank  On November 20, 2018, November 16, 2018, May 4, 2019 September 25, 2019.  On March 19, 2020, March 19, 2020, March 19, 2020 4. See note 20 10 December 31, 2019  FT Bank Credit Facility  The credit facility with FT Bank has a total borrowing capacity of $25,000. “2019 $17,500 “2018 $7,500. April 10, 2021. 2019 not April 10, 2020. March 2020, $17,500 2019 $17,500 not 2019 20 2019 10 26 October 2020.  Interest Expense, net INTEREST EXPENSE (Dollars in Thousands) Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Junior subordinated notes $ 660 $ 860 $ 2,233 $ 2,624 2020 Senior Notes 137 - 360 - 2017 Convertible Note 379 372 1,123 1,098 2013 Convertible Notes / 2019 Senior Notes 73 141 264 410 FT Financial Credit Facility 345 91 859 273 Redeemable Financial Instrument - DGC Trust / CBF 124 169 1,271 578 Redeemable Financial Instrument - JKD Capital Partners I LTD 233 (43 ) 1,633 478 Redeemable Financial Instrument - ViaNova Capital Group, LLC 1 (54 ) (105 ) (132 ) $ 1,952 $ 1,536 $ 7,638 $ 5,329  Because the LegacyTexas Credit Facility was used to directly finance the purchase of securities and loans, the interest expense incurred on the Legacy Texas Credit Facility is included as a component of net trading revenue. See note 5. 

Note 18 - Equity

Note 18 - Equity	9 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Shareholders' Equity and Share-based Payments [Text Block]	18. Stockholders' Equity Common Equity nine September 30, 2020 Common Stock Shares December 31, 2019 1,119,909 Vesting of shares 55,278 Shares withheld for employee taxes and retired (15,043 ) Repurchase and retirement of Common Stock (42,600 ) September 30, 2020 1,117,544 Series E Voting Non-Convertible Preferred Stock no ten one 4,983,557 September 30, 2020 21 10 December 31, 2019  Series F Voting Non-Convertible Preferred Stock December 23, 2019, 25,000,000 $0.001 December 30, 2019, 12,549,273 9,880,268 not one ten December 31, 2019 22,429,541 . See Non-Controlling Interest/ - Securities Purchase Agreement – Purchase of IMXI shares below. 21 10 December 31, 2019 Stockholder Rights Plan  On August 3, 2016, 382 “2016 2016 2016 December 31, 2019  On March 10, 2020, 382 one March 20, 2020 ( one ten $0.001 $100.00 Initially, the Rights will be attached to all Common Stock certificates representing shares then outstanding or, in the case of uncertificated shares of Common Stock registered in book entry form (“Book Entry Shares”) by notation in book entry (which certificates for Common Stock and Book Entry Shares shall be deemed also to be certificates for Rights), and no Subject to certain exceptions specified in the Rights Agreement, the Rights will separate from the Common Stock and a “Distribution Date” will occur upon the earlier of (i) 10 10 4.95% not Pursuant to the Rights Agreement, an “Exempted Person” is any person or entity who, together with all affiliates and associates of such person or entity, was or could become, as of March 10, 2020, 4.95% March 10, 2020. no 4.95% x March 10, 2020, 4.95% no 4.95% x became the beneficial owner of 4.95% In addition, the Rights Agreement defines the term “Exempted Person” to also include any person or entity who, together with all affiliates and associates of such person or entity, is the beneficial owner of Common Stock and/or other securities exercisable for shares of Common Stock representing 4.95% not, x 4.95% Pursuant to the Rights Agreement, a purchaser, assignee or transferee of the shares of Common Stock (or options or warrants exercisable for Common Stock) from an Exempted Person will not 4.95% The Rights are not December 31, 2023, ( 382 no may not no Except as otherwise determined by the Company's board of directors, only shares of Common Stock issued prior to the Distribution Date will be issued with Rights. Pursuant to the Rights Agreement, in the event that a person or entity becomes an Acquiring Person, each other holder of a Right will thereafter have the right to receive, upon exercise, Common Stock (or, in certain circumstances, cash, property or other securities of the Company), having a value equal to two one $100.00 not $200.00 $100.00. $20.00, ten 10 $100.00. Notwithstanding any of the foregoing, following the occurrence of a person or entity becoming an Acquiring Person (the “Flip-In Event”), all Rights that are, or (under certain circumstances specified in the Rights Agreement) were, beneficially owned by such Acquiring Person will be null and void. In the event that, at any time following the Stock Acquisition Date, (i) the Company engages in a merger or other business combination transaction in which the Company is not 50% two However, Rights are not no The Purchase Price payable, and the number of Units of Series C Preferred Stock or other securities or property issuable, upon exercise of the Rights are subject to adjustment from time to time to prevent dilution (i) in the event of a stock dividend on, or a subdivision, combination or reclassification of, the Series C Preferred Stock, (ii) if holders of the Series C Preferred Stock are granted certain rights or warrants to subscribe for Series C Preferred Stock or convertible securities at less than the current market price of the Series C Preferred Stock, or (iii) upon the distribution to holders of the Series C Preferred Stock of evidences of indebtedness or assets (excluding regular quarterly cash dividends) or of subscription rights or warrants (other than those referred to above). With certain exceptions, no 1% No At any time after the Stock Acquisition Date, the Company may may 50% one At any time until ten may not $0.001 $0.001 Until a Right is exercised, the holder thereof, as such, will have no not may, Acquisition and Surrender of Additional Units of the Operating LLC, net January 1, 2011, 1:10 During the nine September 30, 2020 Operating LLC Membership Units Units related to UIS Agreement 402,350 Units surrendered from retirement of Common Stock (426,000 ) Total (23,650 ) The Company recognized a net decrease in additional paid in capital of $417 $25 $392 nine September 30, 2020 2019  Nine Months Ended Nine Months Ended September 30, 2020 September 30, 2019 Net income / (loss) attributable to Cohen & Company Inc. $ (546 ) $ (2,828 ) Transfers (to) from the non-controlling interest: Increase / (decrease) in Cohen & Company, Inc. paid in capital for the acquisition / (surrender) of additional units in consolidated subsidiary, net (417 ) 133 Changes from net income / (loss) attributable to Cohen & Company Inc. and transfers (to) from the non-controlling interest $ (963 ) $ (2,695 )  Repurchases of Shares and Retirement of Treasury Stock  On August 31, 2020 March 19, 2018, “2020 “2018 "10b5 1 2020 2018 2020 August 31, 2020 August 31, 2021. 2018 March 19, 2018 March 19, 2019. $2,000 10b5 1 may 10b 18 10b5 1 10b5 1 During the three nine September 30, 2020 42,600 10b5 1 $746 three nine September 30, 2019 0 7,890 10b5 1 $0 $65, Non-Controlling Interest  Securities Purchase Agreement – Purchase of IMXI shares  On December 30, 2019 ( 22,429,541 22,429,541  In consideration for the issuance of the LLC Units and Series F Preferred Stock, Daniel G. Cohen transferred to the Operating LLC 370,881 $0.00001 291,480 662,361, 264,021 $15.00 20 30 January 19, 2017 ( 264,023 $17.00 20 30  The Company engaged a third 662,361 $4,351 $3,428. $7,779  The IMXI Common Stock is listed on the Nasdaq under the trading symbol “IMXI.” Prior to the merger of IMXI with and into a special purpose acquisition company in a transaction that resulted in the listing of IMXI on Nasdaq, Mr. Cohen served as the chief executive officer and member of the board of directors of the special purpose acquisition company. The SPA contains customary representations and warranties on the part of each of the Operating LLC, the Company, Daniel G. Cohen, and the DGC Trust. The Operating LLC, the Company, Daniel G. Cohen, and the DGC Trust provide customary indemnifications thereunder. Pursuant to the Amended and Restated Limited Liability Company Agreement of the Operating LLC, dated as of December 16, 2009, may one ten  However, pursuant to the SPA, Daniel G. Cohen and the DGC Trust agreed that, until the Company's stockholders approve the Stockholder Proposal (as defined below), they will not 19.99% Pursuant to the SPA, Daniel G. Cohen and the DGC Trust also agreed to not 382 1986, Pursuant to the SPA, at the 2020 713 may not 2020 In addition, effective as of the SPA Effective Date, if the Company owns a number of units of membership interests in the Operating LLC representing less than a majority of the votes entitled to be cast at any meeting or any other circumstances upon which a vote, agreement, consent (including unanimous written consents) or other approval is sought from the holders of units of membership interests in the Operating LLC (each, a “Meeting”), then for so long as the Company owns a number of units of membership interests in the Operating LLC representing less than a majority of the votes entitled to be cast at any Meeting, Daniel G. Cohen and the DGC Trust have agreed to grant a voting proxy to the Company pursuant to which the Company may September 25, 2020, 24. 

Note 19 - Net Capital Requireme

Note 19 - Net Capital Requirements	9 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Net Capital Under Securities and Exchange Commission Regulation Disclosure [Text Block]	19 . NET CAPITAL REQUIREMENTS JVB is subject to the net capital provision of Rule 15c3 1 As of September 30, 2020 $71,092 $70,842 CCFEL, a subsidiary of the Company regulated by the Central Bank of Ireland (“CBI”), is subject to certain regulatory capital requirements in accordance with the Capital Requirements Regulation 575/2013 September 30, 2020 $ 675 $ 1,156 $ 481  CCFL, a subsidiary of the Company and an entity regulated by the FCA, is subject to the net liquid capital provision of the Financial Services and Markets Act 2000, 2.140R 2.1.57R, September 30, 2020 $ 178 $ 621 $ 443

Note 20 - Earnings (Loss) Per C

Note 20 - Earnings (Loss) Per Common Share	9 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Earnings Per Share [Text Block]	20 . EARNINGS / (LOSS) PER COMMON SHARE  The following table presents a reconciliation of basic and diluted earnings / (loss) per common share for the periods indicated. EARNINGS / (LOSS) PER COMMON SHARE (Dollars in Thousands, except share or per share information) Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Net income / (loss) attributable to Cohen & Company Inc. $ 1,655 $ (1,216 ) $ (546 ) $ (2,828 ) Add/ (deduct): Income / (loss) attributable to non-controlling interest attributable to Operating LLC membership (1) 2,542 (645 ) (2,874 ) (1,754 ) Add: Interest expense incurred on dilutive convertible notes 379 - - Add / (deduct): Adjustment (2) 1,503 79 1,536 430 Net income / (loss) on a fully converted basis $ 6,079 $ (1,782 ) $ (1,884 ) $ (4,152 ) Weighted average common shares outstanding - Basic 1,146,941 1,143,909 1,151,321 1,140,328 Unrestricted Operating LLC membership units exchangeable into Cohen & Company, Inc. shares (1) 2,802,863 532,409 2,799,842 532,409 Restricted units or shares 131,296 - - - Shares issuable upon conversion of dilutive convertible notes 1,034,483 - - - Weighted average common shares outstanding - Diluted (3) 5,115,583 1,676,318 3,951,163 1,672,737 Net income / (loss) per common share - Basic $ 1.44 $ (1.06 ) $ (0.47 ) $ (2.48 ) Net income / (loss) per common share - Diluted $ 1.19 $ (1.06 ) $ (0.48 ) $ (2.48 )  ( 1 The Operating LLC units of membership interest not may ten one not ten one tenth not not ( 2 An adjustment is included because the Company would have incurred a higher income tax expense or realized a higher income tax benefit, as applicable, if the Operating LLC units of membership interests had been converted at the beginning of the period. ( 3 Potentially diluted securities that were not Three Months Ended September 30, 2020 Nine Months Ended September 30, 2020 2019 2020 2019 2017 Convertible Note - 1,034,483 1,034,483 1,034,483 2013 Convertible Notes - 528,590 - 553,176 Restricted Common Stock - - 37,572 19,728 Restricted Operating LLC units - - 29,144 - - 1,563,073 1,101,199 1,607,387 

Note 21 - Commitments and Conti

Note 21 - Commitments and Contingencies	9 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	21. Legal and Regulatory Proceedings  The Company's U.S. broker-dealer subsidiary, JVB is a party to litigation commenced on August 7, 2019, VA Management, LP v. Odeon Capital Group LLC; Janney Montgomery Scott LLC; C&Co/PrinceRidge LLC; and JVB Financial Group LLC third $1 October 16, 2019. April 29, 2020, May 20, 2020, July 13, 2020, August 12, 2020, August 21, 2020, November 13, 2020. In addition to the matter set forth above, the Company is a party to various routine legal proceedings and regulatory inquiries arising out of the ordinary course of the Company's business. Management believes that the results of these routine legal proceedings and regulatory matters will not

Note 22 - Segment and Geographi

Note 22 - Segment and Geographic Information	9 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	22. Segment Information The Company operates within three 1. not not 1    SEGMENT INFORMATION Statement of Operations Information Nine Months Ended September 30, 2020 Capital Asset Principal Segment Unallocated Markets Management Investing Total (1) Total Net trading $ 55,524 $ - $ - $ 55,524 $ - $ 55,524 Asset management - 4,938 - 4,938 - 4,938 New issue and advisory 500 - - 500 - 500 Principal transactions and other income 6 365 2,412 2,783 - 2,783 Total revenues 56,030 5,303 2,412 63,745 - 63,745 Salaries/Wages 29,840 3,262 - 33,102 3,321 36,423 Other Operating Expense 9,309 1,654 152 11,115 3,771 14,886 Impairment of goodwill 7,883 - - 7,883 - 7,883 Total operating expenses 47,032 4,916 152 52,100 7,092 59,192 Operating income (loss) 8,998 387 2,260 11,645 (7,092 ) 4,553 Interest income (expense) (754 ) - - (754 ) (6,884 ) (7,638 ) Income (loss) from equity method affiliates - 517 (3,228 ) (2,711 ) - (2,711 ) Income (loss) before income taxes 8,244 904 (968 ) 8,180 (13,976 ) (5,796 ) Income tax expense (benefit) - - - - (623 ) (623 ) Net income (loss) 8,244 904 (968 ) 8,180 (13,353 ) (5,173 ) Less: Net income (loss) attributable to the non-controlling interest - - - - (4,627 ) (4,627 ) Net income (loss) attributable to Cohen & Company Inc. $ 8,244 $ 904 $ (968 ) $ 8,180 $ (8,726 ) $ (546 ) Other statement of operations data Depreciation and amortization (included in total operating expense) $ 13 $ 2 $ - $ 15 $ 234 $ 249  SEGMENT INFORMATION Statement of Operations Information Nine Months Ended September 30, 2019 Capital Asset Principal Segment Unallocated Markets Management Investing Total (1) Total Net trading $ 25,873 $ - $ - $ 25,873 $ - $ 25,873 Asset management - 5,765 - 5,765 - 5,765 New issue and advisory 250 - - 250 - 250 Principal transactions and other income 2 379 1,307 1,688 - 1,688 Total revenues 26,125 6,144 1,307 33,576 - 33,576 Salaries/Wages 14,323 3,073 - 17,396 2,417 19,813 Other Operating Expense 8,515 1,821 300 10,636 3,120 13,756 Impairment of goodwill - - - - - - Total operating expenses 22,838 4,894 300 28,032 5,537 33,569 Operating income (loss) 3,287 1,250 1,007 5,544 (5,537 ) 7 Interest (expense) income (140 ) - - (140 ) (5,189 ) (5,329 ) Income (loss) from equity method affiliates - - (365 ) (365 ) - (365 ) Income (loss) before income taxes 3,147 1,250 642 5,039 (10,726 ) (5,687 ) Income tax expense (benefit) - - - - (917 ) (917 ) Net income (loss) 3,147 1,250 642 5,039 (9,809 ) (4,770 ) Less: Net income (loss) attributable to the non-controlling interest - - - - (1,942 ) (1,942 ) Net income (loss) attributable to Cohen & Company Inc. $ 3,147 $ 1,250 $ 642 $ 5,039 $ (7,867 ) $ (2,828 ) Other statement of operations data Depreciation and amortization (included in total operating expense) $ 13 $ 2 $ - $ 15 $ 224 $ 239  ( 1 Unallocated includes certain expenses incurred by indirect overhead and support departments (such as the executive, finance, legal, information technology, human resources, risk, compliance, and other similar overhead and support departments). Some of the items not 1 2 3 not  SEGMENT INFORMATION Statement of Operations Information Three Months Ended September 30, 2020 Capital Asset Principal Segment Unallocated Markets Management Investing Total (1) Total Net trading $ 16,957 $ - $ - $ 16,957 $ - $ 16,957 Asset management - 1,631 - 1,631 - 1,631 New issue and advisory 500 - - 500 - 500 Principal transactions and other income - 151 2,617 2,768 - 2,768 Total revenues 17,457 1,782 2,617 21,856 - 21,856 Salaries/Wages 8,880 1,051 - 9,931 1,034 10,965 Other Operating Expense 3,074 583 50 3,707 1,112 4,819 Impairment of goodwill - - - - - - Total operating expenses 11,954 1,634 50 13,638 2,146 15,784 Operating income (loss) 5,503 148 2,567 8,218 (2,146 ) 6,072 Interest income (expense) (345 ) - - (345 ) (1,607 ) (1,952 ) Income (loss) from equity method affiliates - 217 (1,588 ) (1,371 ) - (1,371 ) Income (loss) before income taxes 5,158 365 979 6,502 (3,753 ) 2,749 Income tax expense (benefit) - - - - (594 ) (594 ) Net income (loss) 5,158 365 979 6,502 (3,159 ) 3,343 Less: Net income (loss) attributable to the non-controlling interest - - - - 1,688 1,688 Net income (loss) attributable to Cohen & Company Inc. $ 5,158 $ 365 $ 979 $ 6,502 $ (4,847 ) $ 1,655 Other statement of operations data Depreciation and amortization (included in total operating expense) $ 4 $ 1 $ - $ 5 $ 80 $ 85 SEGMENT INFORMATION Statement of Operations Information Three Months Ended September 30, 2019 Capital Asset Principal Segment Unallocated Markets Management Investing Total (1) Total Net trading $ 8,479 $ - $ - $ 8,479 $ - $ 8,479 Asset management - 2,018 - 2,018 - 2,018 New issue and advisory 250 - - 250 - 250 Principal transactions and other income - 157 363 520 - 520 Total revenues 8,729 2,175 363 11,267 - 11,267 Salaries/Wages 5,148 1,020 - 6,168 849 7,017 Other Operating Expense 3,013 592 101 3,706 987 4,693 Impairment of goodwill - - - - - - Total operating expenses 8,161 1,612 101 9,874 1,836 11,710 Operating income (loss) 568 563 262 1,393 (1,836 ) (443 ) Interest (expense) income (36 ) - - (36 ) (1,500 ) (1,536 ) Income (loss) from equity method affiliates - - (109 ) (109 ) - (109 ) Income (loss) before income taxes 532 563 153 1,248 (3,336 ) (2,088 ) Income tax expense (benefit) - - - - (170 ) (170 ) Net income (loss) 532 563 153 1,248 (3,166 ) (1,918 ) Less: Net income (loss) attributable to the non-controlling interest - - - - (702 ) (702 ) Net income (loss) attributable to Cohen & Company Inc. $ 532 $ 563 $ 153 $ 1,248 $ (2,464 ) $ (1,216 ) Other statement of operations data Depreciation and amortization (included in total operating expense) $ 5 $ 1 $ - $ 6 $ 74 $ 80   BALANCE SHEET DATA As of September 30, 2020 (Dollars in Thousands) Capital Asset Principal Segment Unallocated Markets Management Investing Total (1) Total Total Assets $ 6,480,005 $ 1,513 $ 30,280 $ 6,511,798 $ 15,753 $ 6,527,551 Included within total assets: Investments in equity method affiliates $ - $ - $ 7,776 $ 7,776 $ - $ 7,776 Goodwill (2) $ 54 $ 55 $ - $ 109 $ - $ 109 Intangible assets (2) $ 166 $ - $ - $ 166 $ - $ 166  BALANCE SHEET DATA December 31, 2019 (Dollars in Thousands) Capital Asset Principal Segment Unallocated Markets Management Investing Total (1) Total Total Assets $ 7,968,491 $ 1,616 $ 18,689 $ 7,988,796 $ 12,828 $ 8,001,624 Included within total assets: Investments in equity method affiliates $ - $ - $ 3,799 $ 3,799 $ - $ 3,799 Goodwill (2) $ 7,937 $ 55 $ - $ 7,992 $ - $ 7,992 Intangible assets (2) $ 166 $ - $ - $ 166 $ - $ 166  ( 1 Unallocated assets primarily include: ( 1 2 3 not ( 2 Goodwill and intangible assets are allocated to the Capital Markets and Asset Management business segments as indicated in the table above. Geographic Information The Company conducts its business activities through offices in the following locations: ( 1 2   GEOGRAPHIC DATA (Dollars in Thousands) Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Total Revenues: United States $ 20,775 $ 10,152 $ 61,131 $ 30,545 Europe & Other 1,081 1,115 2,614 3,031 Total $ 21,856 $ 11,267 $ 63,745 $ 33,576  Long-lived assets attributable to an individual country, other than the United States, are not 

Note 23 - Supplemental Cash Flo

Note 23 - Supplemental Cash Flow Disclosure	9 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Cash Flow, Supplemental Disclosures [Text Block]	23 . SUPPLEMENTAL CASH FLOW DISCLOSURE Interest paid by the Company on its debt and redeemable financial instruments was $ 7,225 $ 5,637 nine September 30, 2020 2019 The Company paid income taxes of $ 195 $ 30 nine September 30, 2020 2019 $ 12 $ 48 nine September 30, 2020 2019 For the nine September 30, 2020 not ● The Company net surrendered units of membership interests in the Operating LLC. The Company recognized a net decrease $ 417 increase $ 25 increase $ 392 18. ● The investment return related to certain of the Company's redeemable financial instruments was negative within certain quarterly periods. According to the terms of those agreements, the redemption value of the instrument is reduced in those cases. Accordingly, the Company recorded interest income and reduced the balance of redeemable financial instruments by $105. 16. ● In conjunction with the sale of ViaNova on August 22, 2020, one $2,243 4 7. For the nine September 30, 2019 not ● The Company net surrendered units of membership interests in the Operating LLC. The Company recognized a net increase in additional paid-in capital of $133, $14 $119 17. ● The investment return related to certain of the Company's redeemable financial instruments was negative within certain quarterly periods. According to the terms of those agreements, the redemption value of the instrument is reduced in those cases. Accordingly, the Company recorded interest income and reduced the balance of redeemable financial instruments by $176. ● On January 1, 2019, $8,416 $8,860, $20, $18, $406, 2016 02. 2. As part of the Company's matched book repo operations, the Company enters into reverse repos with counterparties whereby it lends money and receives securities as collateral. In accordance with ASC 860, not two may may not may not 14. As of September 30, 2020 December 31, 2019 $125,294 $9,524, provided by $ 115,288 nine September 30, 2020 $115,770 no not

Note 24 - Related Party Transac

Note 24 - Related Party Transactions	9 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	24 . RELATED PARTY TRANSACTIONS The Company has identified the following related party transactions for the nine September 30, 2020 2019 A. The Bancorp, Inc. (“TBBK”) TBBK is identified as a related party because Daniel G. Cohen is chairman of TBBK. As part of the Company's broker-dealer operations, the Company from time to time purchases securities from third may third September 30, 2020 December 31, 2019 no three nine September 30, 2020 2019 no B. Daniel G. Cohen/Cohen Bros. Financial, LLC (“CBF”)/ EBC 2013  On December 30, 2019, 370,881 12,549,273 12,549,273 18. $6 not  In December 2019, 45% $18 $17 10% $1 11.  CBF has been identified as a related party because (i) CBF is a non-controlling interest holder of the Company and (ii) CBF is wholly owned by Daniel G. Cohen. On September 29, 2017, $8,000 $10,000 October 2020 2019, $2,500 $1,500, $4,000. 16 17. EBC has been identified as a related party because Daniel G. Cohen is a trustee of EBC and has sole voting power with respect to all shares of the Company held by EBC. In September 2013, $4,000 $2,400 2013 $1,600 20 10 December 31, 2019 September 25, 2019, 2013 2019 September 25, 2020 2019 September 25, 2021. 17. C. The Edward E. Cohen IRA On August 28, 2015, $4,386 2013 September 2013 September 25, 2019, 2013 2019 17 2019 2013 $4,386 2019 February 3, 2020. 17 20 10 December 31, 2019  D. JKD Investor The JKD Investor is an entity owned by Jack J. DiMaio, the vice chairman of the board of directors and vice chairman of the Operating LLC's board of managers, and his spouse. On October 3, 2016, $6,000 January 2017 January 2019 $1,000 $1,268 16. On January 31, 2020, $2,250 2020 17.  E. DGC Trust  DGC Trust was established by Daniel G. Cohen, chairman of the Company's board of directors and chairman of the Operating LLC board of managers. Daniel G. Cohen does not  On December 30, 2019, 291,480 $3,428 9,880,268 9,880,268 18.  In March 2017, 2017 2017 17.  On September 29, 2017, $2,000 $10,000 19 10 December 31, 2019 16 $2,000 September 30, 2020.  F. Duane Morris, LLP (“Duane Morris”)  Duane Morris is an international law firm and serves as legal counsel to the Company. Duane Morris is considered a related party because a partner at Duane Morris is a member of the same household as a director of the Company. Expense incurred by the Company for services provided by Duane Morris are included within professional fees and operating expense in the consolidated statements of operations and comprehensive income and are disclosed in the table below.  G. FinTech Masala, LLC  FinTech Masala, LLC is a related party because Betsy Cohen, the mother of Daniel G. Cohen, is a member of FinTech Masala, LLC. Daniel G. Cohen is also a member of FinTech Masala, LLC. The Company has engaged Betsy Cohen on behalf of FinTech Masala, LLC as a consultant to provide certain services related to the Insurance SPAC. The Company agreed to pay a consultant fee of $1 July 1, 2019 thirty $2 March 2019, August 1, 2018. not 90  H. Investment Vehicle and Other  EuroDekania  EuroDekania was considered a related party because it is an equity method investment of the Company. The Company had an investment in and a management contract with EuroDekania. Income earned or loss incurred on the investment is included as part of principal transactions and other income in the tables below. Revenue earned on the management contract is included as part of asset management in the tables below. EuroDekania liquidated in 2019.  SPAC Fund  The SPAC Fund is considered a related party because it is an equity method investment of the Company. The Company has an investment in and a management contract with the SPAC Fund. Income earned or loss incurred on the investment is included as part of principal transactions and other income in the tables below. Revenue earned on the management contract is included as part of asset management in the tables below. As of September 30, 2020 1.5%  U.S. Insurance JV  U.S. Insurance JV is considered a related party because it is an equity method investment of the Company. The Company has an investment in and a management contract with the U.S. Insurance JV. Income earned or loss incurred on the investment is included as part of principal transactions and other income in the tables below. Revenue earned on the management contract is included as part of asset management and are shown in the tables below. As of September 30, 2020 4.66% Insurance SPAC  The Insurance SPAC is a related party as it is an equity method investment of the Company. The Operating LLC, is the manager of the Sponsor entities and the Company consolidates the Sponsor Entities.. As of September 30, 2020 26.5% March 19, 2019, first $10 $750 September 30, 2020 $650 October 13, 2020 $650 4, 11, 25. Insurance SPAC II  The Insurance SPAC II is a related party as it is an equity method investment of the Company. The Operating LLC, is the manager of the Insurance SPAC II Sponsor entities and the Company consolidates the Insurance SPAC II Sponsor Entities. As of September 30, 2020 $4,550 45.5% September 2, 2020, first $20 $750 September 30, 2020 no 4 11. Sponsor Entities of Other SPACs In general, a SPAC is initially funded by a sponsor and that sponsor invests in and receives private placement and founders shares of the SPAC. The sponsor may not The sponsor of FinTech Acquisition Corp. II ("FTAC II Sponsor") is a related party because Daniel G. Cohen is the manager of the entity. In July 2018, third $2,513. not not The sponsor of Fintech Acquisition Corp. III ("FTAC III Sponsor") is considered a related party because Daniel G. Cohen is the manager of the entity In December 2018, 23,000 The sponsor of Fintech Olympus Acquisition Corp. ("FTAC Olympus Sponsor") is a related party as it is an equity method investment of the Company. The Company made a sponsor investment in FTAC Olympus Sponsor, receiving an initial allocation of 600,000 $2 September 8, 2020, not 24 30,000 $40 CK Capital and AOI  CK Capital and AOI are related parties as they are equity method investments of the Company. In December 2019, 45% $18 $17 10% $1 11. The following tables display the routine transactions recognized in the statements of operations from the identified related parties that are described above.      Three Months Ended Nine Months Ended September 30, 2020 September 30, 2019 September 30, 2020 September 30, 2019 Net trading TBBK $ - $ 7 $ - $ 11 Asset management EuroDekania - - - 236 SPAC Fund 99 35 149 98 U.S. Insurance JV 100 61 281 211 $ 199 $ 96 $ 430 $ 545 Principal transactions and other income EuroDekania - (2 ) - 279 Fintech III Sponsor 3 2 8 8 FTAC Olympus Sponsor 2 - 2 - Insurance SPAC 30 30 90 65 Insurance SPAC II 20 - 20 - SPAC Fund 49 (19 ) 77 30 U.S. Insurance JV 22 31 (8 ) 114 $ 126 $ 42 $ 189 $ 496 Income (loss) from equity method affiliates AOI 136 - 194 - CK Capital 81 - 323 - FTAC Olympus Sponsor (2 ) - (2 ) - Insurance SPAC (1,498 ) (109 ) (3,138 ) (365 ) Insurance SPAC II (88 ) (88 ) - $ (1,371 ) $ (109 ) $ (2,711 ) $ (365 ) Operating expense (income) Duane Morris 206 86 856 251 FinTech Masala, LLC (11 ) (11 ) (33 ) (23 ) $ 195 $ 75 $ 823 $ 228 Interest expense (income) CBF 94 135 971 462 DGC Trust 408 406 1,423 1,214 EBC 72 50 216 145 Edward E. Cohen IRA - 91 48 265 JKD Investor 301 (43 ) 1,813 478 $ 875 $ 639 $ 4,471 $ 2,564  The following related party transactions are non-routine and are not K. Directors and Employees The Company has entered into employment agreements with Daniel G. Cohen and Joseph W. Pooler, Jr., its chief financial officer. The Company has entered into its standard indemnification agreement with each of its directors and executive officers. The Company maintains a 401 50% not 3% $ 48 $ 230 three nine September 30, 2020 $ 50 $ 219 three nine September 30, 2019 The Company leases office space from Zucker and Moore, LLC. Zucker and Moore, LLC is partially owned by Jack DiMaio, Jr., the vice chairman of the Company's board of directors. The lease agreement expired in June 2020 one June 2021. $24 three September 30, 2020 2019 $72 nine September 30, 2020 2019

Note 25 - Due From Due To Relat

Note 25 - Due From Due To Related Parties	9 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Due From Due To Related Parties Disclosure [Text Block]	25 . DUE FROM / DUE TO RELATED PARTIES Amounts due to related parties related to redeemable financial instruments and outstanding debt are included as components of those balances in the consolidated balance sheets. Also, interest or investment return owed on those balances are included as a component of accounts payable and other in the consolidated balance sheets. Any investment made in an equity method affiliate for which the Company does not The following table summarizes amounts due from / to related parties as of each date shown. These amounts may 24 DUE FROM/DUE TO RELATED PARTIES (Dollars in Thousands) September 30, 2020 December 31, 2019 Employees & other $ 308 $ 466 Insurance SPAC 650 - Due from related parties $ 958 $ 466 

Note 26 - Subsequent Events

Note 26 - Subsequent Events	9 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Subsequent Events [Text Block]	26 . SUBSEQUENT EVENTS  New Line of Credit Agreement On October 28, 2020 ( $7.5 In addition, on the Effective Date, the Borrower and the Lender entered into a Revolving Note and Cash Subordination Agreement (the “Revolving Note and Cash Subordination Agreement,” and, together with the Loan Agreement, the “Credit Facility”), pursuant to which, among other things, the Lender agreed to make loans at the Borrower's request from time to time in the aggregate amount of up to $17.5 Loans (both principal and interest) made by the Lender to the Borrower under the Loan Agreement and Revolving Note and Cash Subordination Agreement are scheduled to mature and become immediately due and payable in full on October 28, 2022. may October 28, 2022 October 28, 2021, Loans under the Credit Facility will bear interest at a per annum rate equal to LIBOR plus 6.0%, no 7.0%. 0.50% $25 0.50% $25 $250,000 Loans under the Credit Facility must be used by the Borrower for working capital purposes and general liquidity of the Borrower. The Borrower may $25 $1 $500,000 not five The obligations of the Borrower under the Credit Facility are guaranteed by the Company, the Operating LLC and Holdings LP (collectively, the “Guarantors”), and are secured by a lien on all of Holdings LP's property, including its 100% Pursuant to the Credit Facility, the Borrower and the Guarantors provide customary representations and warranties for a transaction of this type. The Credit Facility also includes customary covenants for a transaction of this type, including covenants limiting the indebtedness that can be incurred by the Borrower and Holdings LP and restricting the Borrower's ability to make certain loans and investments. Additionally, the Borrower may not $80 October 29, 2020 December 31, 2021, $85 $40 The Credit Facility contains customary events of default for a transaction of this type. If an event of default under the Credit Facility occurs and is continuing, then the Lender may The foregoing description of the Credit Facility does not 10.1 10.2, The Credit Facility described above was entered into to replace (i) the Loan Agreement, by and among the Company, the Operating LLC and Holdings LP, as guarantors, and the Borrower, as borrower, C&Co, and Fifth Third Financial Bank, N.A. (as successor to MB Financial Bank, N.A.), as lender, dated April 25, 2018, January 29, 2019 ( $25 In connection with the execution of the Credit Facility, on the Effective Date, the Original Loan Agreement and the Original Revolving Note and Cash Subordination Agreement were both terminated and the Borrower paid to Fifth Third Financial Bank, N.A. all amounts outstanding under the Original Credit Facility as of the Effective Date.

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2020
Accounting Policies [Abstract]
New Accounting Pronouncements, Policy [Policy Text Block]	A. Adoption of New Accounting Standards In February 2016, 2016 02, Leases (Topic 842 2018 01, 2018 10, 2018 11, 2018 20, 2019 01 January 1, 2019. $8,416, $8,860, $20, $18, $406. 13.  In June 2016, 2016 13, Financial Instruments—Credit Losses (Topic 326 2018 19, 2019 05, 2019 11 2020 02 2016 13, January 1, 2020 not  In January 2017, 2017 04, Intangibles Goodwill and Other (Topic 350 Impairment 2 not 2017 04, January 1, 2020. nine September 30, 2020 12. not 2017 04.  In March 2017, 2017 08, Receivables – Nonrefundable Fees and Other Costs, Premium Amortization on Purchased Callable Debt Securities (Sub-Topic 310 20 not 2017 08, January 1, 2019 not  In August 2017, 2017 12, Derivative and Hedging – Targeted Improvements to Accounting for Hedging Activities (Topic 815 2017 12, January 1, 2019 not  In February 2018, 2018 02, Income Statement – Reporting Comprehensive Income (Topic 220 Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income 2018 02, January 1, 2019 not  In June 2018, 2018 07, Compensation – Stock Compensation (Topic 718 Nonemployee Share-Based Payment Accounting 718, 2018 07, January 1, 2019 not In August 2018, 2018 13, Fair Value Measurement (Topic 820 820, 3 3 December 15, 2019. 2018 13, January 1, 2020 not In October 2018, 2018 17, Consolidation (Topic 810 for Variable Interest Entities December 15, 2019 2018 17, January 1, 2020 not  In November 2018, 2018 18, Collaborative Arrangements (Topic 808 Between Topic 808 606 not 2018 18, January 1, 2020 not  In November 2019, 2019 08, Compensation – Stock Compensation (Topic ( 718 606 718, Compensation—Stock Compensation 2019 08, January 1, 2020 not  In March 2020, 2020 04 , Reference Rate Reform (Topic 848 December 31, 2022. 2020 04, March 12, 2020 not  B. Recent Accounting Developments  In December 2019, 2019 12, Income Taxes (Topic 740 740 December 15, 2020 may  In January 2020, 2020 01, Investments—Equity Securities (Topic 321 323 815 321, 323, 815 321 December 15, 2020. may In August 2020, 2020 06, Debt—Debt with Conversion and Other Options (Subtopic 470 20 815 40 December 15, 2023, may
Fair Value of Financial Instruments, Policy [Policy Text Block]	C. Fair Value of Financial Instruments The following methods and assumptions were used by the Company in estimating the fair value of its financial instruments. These determinations were based on available market information and appropriate valuation methodologies. Considerable judgment is required to interpret market data to develop the estimates and, therefore, these estimates may not may 8  Cash equivalents 1 Investments-trading third not Other investments, at fair value not Receivables under resale agreements 2 Trading securities sold, not third not Securities sold under agreements to repurchase 2 Redeemable financial instruments 3 Debt September 30, 2020 December 31, 2019 $81,638 $58,635 3 Derivatives may not third

Note 5 - Net Trading (Tables)

Note 5 - Net Trading (Tables)	9 Months Ended
	Sep. 30, 2020
Notes Tables
Schedule of Net Trading [Table Text Block]	Three Months Ended Nine Months Ended September 30, September 30, September 30, September 30, 2020 2019 2020 2019 Net realized gains (losses) - trading inventory $ 6,935 $ 5,919 $ 25,604 $ 15,845 Net unrealized gains (losses) - trading inventory (187 ) (707 ) 1,378 1,664 Net gains and losses 6,748 5,212 26,982 17,509 Interest income- trading inventory 1,577 1,517 6,125 5,192 Interest income - RTLs - 43 - 90 Interest income-receivables under resale agreements 19,040 48,357 77,168 132,176 Interest income 20,617 49,917 83,293 137,458 Interest expense-securities sold under agreements to repurchase (10,230 ) (45,875 ) (53,771 ) (126,378 ) Interest expense-LegacyTexas Credit Facility - (18 ) (39 ) (47 ) Interest expense-margin payable (178 ) (757 ) (941 ) (2,669 ) Interest expense (10,408 ) (46,650 ) (54,751 ) (129,094 ) Net trading $ 16,957 $ 8,479 $ 55,524 $ 25,873

Note 6 - Receivables from and_2

Note 6 - Receivables from and Payables to Brokers, Dealers, and Clearing Agencies (Tables)	9 Months Ended
	Sep. 30, 2020
Notes Tables
Schedule of Due to (from) Broker-Dealers and Clearing Organizations [Table Text Block]	September 30, 2020 December 31, 2019 Deposits with clearing agencies $ 250 $ 250 Unsettled regular way trades, net 583 12,170 Receivables from clearing agencies 60,748 83,712 Receivables from brokers, dealers, and clearing agencies $ 61,581 $ 96,132 September 30, 2020 December 31, 2019 Margin payable $ 139,084 $ 208,441 Due to clearing agent - 32,820 Payables to brokers, dealers, and clearing agencies $ 139,084 $ 241,261

Note 7 - Financial Instruments

Note 7 - Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2020
Notes Tables
Debt Securities, Trading, and Equity Securities, FV-NI [Table Text Block]	September 30, 2020 December 31, 2019 U.S. government agency MBS and CMOs $ 172,865 $ 196,146 U.S. government agency debt securities 4,791 14,680 RMBS 15 15 U.S. Treasury securities 9,917 11,105 ABS 1 100 SBA loans 10,104 27,634 Corporate bonds and redeemable preferred stock 28,375 38,503 Foreign government bonds 681 844 Municipal bonds 3,271 13,737 Certificates of deposit 812 841 Derivatives 6,172 3,686 Equity securities 267 561 Investments-trading $ 237,271 $ 307,852
Investments Sold, Not yet Purchased [Table Text Block]	September 30, 2020 December 31, 2019 U.S. government agency debt securities $ 4 $ - U.S. Treasury securities 13,172 16,827 Corporate bonds and redeemable preferred stock 33,941 58,083 Municipal bonds 20 20 Derivatives 5,227 3,017 Equity securities 2,255 - Trading securities sold, not yet purchased $ 54,619 $ 77,947
Schedule of Other Investments at Fair Value [Table Text Block]	September 30, 2020 Amortized Carrying Unrealized Cost Value Gain / (Loss) Equity securities $ 16,097 $ 17,051 $ 954 Subordinated Notes 900 900 - RTLs 2,243 2,266 23 U.S. Insurance JV 1,224 1,391 167 SPAC Fund 646 745 99 Residential loans 121 99 (22 ) Other investments, at fair value $ 21,231 $ 22,452 $ 1,221 December 31, 2019 Amortized Carrying Unrealized Cost Value Gain / (Loss) Equity securities $ 8,598 $ 9,352 $ 754 CLOs 2,894 2,522 (372 ) U.S. Insurance JV 2,048 2,223 175 SPAC Fund 646 668 22 Residential loans 129 99 (30 ) Other investments, at fair value $ 14,315 $ 14,864 $ 549

Note 8 - Fair Value Disclosur_2

Note 8 - Fair Value Disclosures (Tables)	9 Months Ended
	Sep. 30, 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 $ 172,865 $ - $ 172,865 $ - U.S. government agency debt securities 4,791 - 4,791 - RMBS 15 - 15 - U.S. Treasury securities 9,917 9,917 - - ABS 1 - 1 - SBA loans 10,104 - 10,104 - Corporate bonds and redeemable preferred stock 28,375 - 28,375 - Foreign government bonds 681 - 681 - Municipal bonds 3,271 - 3,271 - Certificates of deposit 812 - 812 - Derivatives 6,172 - 6,172 - Equity securities 267 - 267 - Total investments - trading $ 237,271 $ 9,917 $ 227,354 $ - Other investments, at fair value: Equity securities $ 17,051 $ 12,424 $ 4,627 $ - Subordinated Notes 900 - 900 - RTLs 2,266 - - 2,266 Residential loans 99 - 99 - 20,316 $ 12,424 $ 5,626 $ 2,266 Investments measured at NAV (1) 2,136 Total other investments, at fair value 22,452 Liabilities Trading securities sold, not yet purchased: U.S. government agency debt securities $ 4 $ - $ 4 $ - U.S. Treasury securities 13,172 13,172 - - Corporate bonds and redeemable preferred stock 33,941 - 33,941 - Municipal bonds 20 - 20 - Derivatives 5,227 - 5,227 - Equity securities 2,255 - 2,255 - Total trading securities sold, not yet purchased $ 54,619 $ 13,172 $ 41,447 $ - 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 $ 9,352 $ 2,009 $ 7,343 $ - 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]	Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Beginning of period $ 2,322 $ 2,786 $ 2,522 $ 2,756 Net trading (16 ) - (57 ) - Gains & losses (1) 23 (53 ) (638 ) (80 ) Accretion of income (1) - 102 124 299 Purchases - - 638 - Sales and returns of capital (63 ) (169 ) (5,601 ) (309 ) Reclassification of RTLs - - 5,278 - End of period $ 2,266 $ 2,666 $ 2,266 $ 2,666 Change in unrealized gains / (losses) (2) $ 7 $ (46 ) $ (34 ) $ (73 )
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]	Significant Range of Fair Value Valuation Unobservable Weighted Significant September 30, 2020 Technique Inputs Average Inputs Assets Other investments, at fair value RTLs $ 2,266 Discounted Cash Flow Model Yield 15.00% 15.00% 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]	Fair Value Unfunded Redemption Redemption September 30, 2020 Commitments Frequency Notice Period Other investments, at fair value U.S. Insurance JV (a) $ 1,391 $ 1,567 N/A N/A SPAC Fund (b) 745 N/A Quarterly after 1 year lock up 90 days $ 2,136 Fair Value Unfunded Redemption Redemption December 31, 2019 Commitments Frequency Notice Period Other investments, at fair value U.S. Insurance JV (a) $ 2,223 $ 817 N/A N/A SPAC Fund (b) 668 N/A Quarterly after 1 year lock up 90 days $ 2,891

Note 9 - Derivative Financial_2

Note 9 - Derivative Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2020
Notes Tables
Derivatives Not Designated as Hedging Instruments [Table Text Block]	Derivative Financial Instruments Not Designated as Hedging Instruments Under FASB ASC 815 Balance Sheet Classification September 30, 2020 December 31, 2019 TBAs and other forward agency MBS Investments-trading $ 6,172 $ 3,686 Other extended settlement trades Investments-trading - - Foreign currency forward contracts Other investments, at fair value - - TBAs and other forward agency MBS Trading securities sold, not yet purchased (5,213 ) (3,017 ) Other extended settlement trades Trading securities sold, not yet purchased (14 ) - $ 945 $ 669
Derivative Instruments, Gain (Loss) [Table Text Block]	Derivative Financial Instruments Not Designated as Hedging Instruments Under FASB ASC 815 Income Statement Classification Nine Months Ended September 30, 2020 Nine Months Ended September 30, 2019 Foreign currency forward contracts Revenue-principal transactions and other income $ - $ 51 Other extended settlement trades Revenue-net trading (14 ) (67 ) TBAs and other forward agency MBS Revenue-net trading 3,427 4,016 $ 3,413 $ 4,000 Derivative Financial Instruments Not Designated as Hedging Instruments Under FASB ASC 815 Income Statement Classification Three Months Ended September 30, 2020 Three Months Ended September 30, 2019 Foreign currency forward contracts Revenue-principal transactions and other income $ - $ 8 Other extended settlement trades Revenue-net trading (1 ) 5 TBAs and other forward agency MBS Revenue-net trading 2,111 2,068 $ 2,110 $ 2,081

Note 10 - Collateralized Secu_2

Note 10 - Collateralized Securities Transactions (Tables)	9 Months Ended
	Sep. 30, 2020
Notes Tables
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Table Text Block]	Repurchase Agreements Remaining Contractual Maturity of the Agreements Overnight and Up to 30 90 Greater than Collateral Type: Continuous 30 days days 90 days Total U.S. government agency MBS (GCF repo) $ 1,585,612 $ 2,117,848 $ - $ - $ 3,703,460 MBS (gestation repo) 153,684 2,079,479 112,747 - 2,345,910 SBA loans 9,628 - - - 9,628 $ 1,748,924 $ 4,197,327 $ 112,747 $ - $ 6,058,998 Reverse Repurchase Agreements Remaining Contractual Maturity of the Agreements Overnight and Up to 30 90 Greater than Collateral Type: Continuous 30 days days 90 days Total U.S. government agency MBS (GCF repo) $ 1,360,835 $ 1,967,857 $ 325,208 $ 53,268 $ 3,707,168 MBS (gestation repo) 155,452 2,079,915 112,756 - 2,348,123 $ 1,516,287 $ 4,047,772 $ 437,964 $ 53,268 $ 6,055,291 Repurchase Agreements Remaining Contractual Maturity of the Agreements Overnight and Up to 30 - 90 Greater than Collateral Type: Continuous 30 days days 90 days Total U.S. government agency MBS (GCF repo) $ 5,117,811 $ 1,546,510 $ - $ - $ 6,664,321 MBS (gestation repo) - 742,035 100,403 - 842,438 SBA loans 27,684 - - - 27,684 $ 5,145,495 $ 2,288,545 $ 100,403 $ - $ 7,534,443 Reverse Repurchase Agreements Remaining Contractual Maturity of the Agreements Overnight and Up to 30 - 90 Greater than Collateral Type: Continuous 30 days days 90 days Total U.S. government agency MBS (GCF repo) $ 1,231,027 $ 2,525,188 $ 2,319,079 $ 575,058 $ 6,650,352 MBS (gestation repo) - 747,692 101,958 - 849,650 $ 1,231,027 $ 3,272,880 $ 2,421,037 $ 575,058 $ 7,500,002

Note 11 - Investments in Equi_2

Note 11 - Investments in Equity Method Affiliates (Tables)	9 Months Ended
	Sep. 30, 2020
Notes Tables
Equity Method Investments [Table Text Block]	Insurance SPAC Insurance SPAC II FTAC Olympus Acquisition Corp. AOI CK Capital Total January 1, 2020 $ 3,222 $ - $ - $ 559 $ 18 $ 3,799 Investments / advances - 4,550 41 2,097 - 6,688 Distributions / repayments - - - - - - Earnings / (loss) realized (3,138 ) (87 ) (3 ) 195 322 (2,711 ) September 30, 2020 $ 84 $ 4,463 $ 38 $ 2,851 $ 340 $ 7,776
Summarized Financial Results of Significant Equity Method Subsidiaries [Table Text Block]	Three Months Ended Nine Months Ended September 30, September 30, September 30, September 30, 2020 2019 2020 2019 Insurance SPAC: Net income/(loss) $ (1,547 ) $ 530 $ (2,700 ) $ 1,006 Net income/(loss) attributable to the investee $ (1,547 ) $ 530 $ (2,700 ) $ 1,006

Note 12 - Goodwill (Tables)

Note 12 - Goodwill (Tables)	9 Months Ended
	Sep. 30, 2020
Notes Tables
Schedule of Goodwill [Table Text Block]	September 30, 2020 December 31, 2019 AFN $ 109 $ 109 JVB - 7,883 Goodwill $ 109 $ 7,992

Note 13 - Leases (Tables)

Note 13 - Leases (Tables)	9 Months Ended
	Sep. 30, 2020
Notes Tables
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	As of September 30, 2020 2020 - remaining $ 384 2021 1,116 2022 941 2023 955 2024 983 Thereafter 4,094 Total 8,473 Less imputed interest (1,649 ) Lease obligation $ 6,824

Note 14 - Other Receivables, _2

Note 14 - Other Receivables, Other Assets, Accounts Payable and Other Liabilities (Tables)	9 Months Ended
	Sep. 30, 2020
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	September 30, 2020 December 31, 2019 Cash collateral due from counterparties $ 225 $ 41,172 Asset management fees receivable 951 1,159 Accrued interest receivable and dividend receivable 1,605 3,549 Revenue share receivable 150 150 Other receivables 651 595 Other receivables $ 3,582 $ 46,625
Schedule of Other Assets [Table Text Block]	September 30, 2020 December 31, 2019 Deferred costs $ 124 $ 301 Prepaid expenses 1,079 796 Prepaid income taxes 69 - Deposits 399 656 Miscellaneous other assets 275 275 RTLs - 5,323 Furniture, equipment, and leasehold improvements, net 813 916 Intangible assets 166 166 Other assets $ 2,925 $ 8,433
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]	September 30, 2020 December 31, 2019 Accounts payable $ 508 $ 362 Redeemable financial instruments accrued interest 271 403 Accrued interest payable 695 711 Accrued interest on securities sold, not yet purchased 496 914 Payroll taxes payable 1,035 729 Counterparty cash collateral 125,294 9,524 Accrued expense and other liabilities 2,151 7,652 Accounts payable and other liabilities $ 130,450 $ 20,295

Note 15 - Variable Interest E_2

Note 15 - Variable Interest Entities (Tables)	9 Months Ended
	Sep. 30, 2020
Notes Tables
Schedule of Variable Interest Entities [Table Text Block]	As of September 30, 2020 As of December 31, 2019 Other Investments, at fair value $ 2,136 $ 5,413 Maximum exposure $ 2,136 $ 5,413

Note 16 - Redeemable Financia_2

Note 16 - Redeemable Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2020
Notes Tables
Schedule of Redeemable Financial Instruments [Table Text Block]	As of September 30, 2020 As of December 31, 2019 JKD Capital Partners I LTD $ 7,957 $ 7,957 DGC Trust/CBF 6,500 8,500 ViaNova Capital Group, LLC - 526 $ 14,457 $ 16,983

Note 17 - Debt (Tables)

Note 17 - Debt (Tables)	9 Months Ended
	Sep. 30, 2020
Notes Tables
Schedule of Debt [Table Text Block]	As of As of Interest Description September 30, 2020 December 31, 2019 Rate Terms Interest (4) Maturity Non-convertible debt: 12.00% senior note (the "2020 Senior Note") $ 4,500 $ - Fixed 12.00% January 2022 12.00% senior note (the "2019 Senior Note") 2,400 6,786 Fixed 12.00% September 2021 (1) PPP Loan 2,166 - Fixed 1.00% May 2022 Contingent convertible debt: 8.00% convertible senior note (the "2017 Convertible Note") 15,000 15,000 Fixed 8.00% March 2022 (2) Less unamortized debt issuance costs (480 ) (703 ) 14,520 14,297 Junior subordinated notes (3): Alesco Capital Trust I 28,125 28,125 Variable 4.27% July 2037 Sunset Financial Statutory Trust I 20,000 20,000 Variable 4.37% March 2035 Less unamortized discount (24,811 ) (25,124 ) 23,314 23,001 FT Financial Credit Facility 17,500 - Variable N/A April 2021 LegacyTexas Credit Facility - 4,777 Variable N/A NA Total $ 64,400 $ 48,861
Schedule Of Interest Expense By Debt Instrument [Table Text Block]	Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Junior subordinated notes $ 660 $ 860 $ 2,233 $ 2,624 2020 Senior Notes 137 - 360 - 2017 Convertible Note 379 372 1,123 1,098 2013 Convertible Notes / 2019 Senior Notes 73 141 264 410 FT Financial Credit Facility 345 91 859 273 Redeemable Financial Instrument - DGC Trust / CBF 124 169 1,271 578 Redeemable Financial Instrument - JKD Capital Partners I LTD 233 (43 ) 1,633 478 Redeemable Financial Instrument - ViaNova Capital Group, LLC 1 (54 ) (105 ) (132 ) $ 1,952 $ 1,536 $ 7,638 $ 5,329

Note 18 - Equity (Tables)

Note 18 - Equity (Tables)	9 Months Ended
	Sep. 30, 2020
Notes Tables
Schedule Of Unrestricted Common Stock And Restricted Common Stock Activity [Table Text Block]	Common Stock Shares December 31, 2019 1,119,909 Vesting of shares 55,278 Shares withheld for employee taxes and retired (15,043 ) Repurchase and retirement of Common Stock (42,600 ) September 30, 2020 1,117,544
Units Received Pursuant To Agreement Table [Table Text Block]	Operating LLC Membership Units Units related to UIS Agreement 402,350 Units surrendered from retirement of Common Stock (426,000 ) Total (23,650 )
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Table Text Block]	Nine Months Ended Nine Months Ended September 30, 2020 September 30, 2019 Net income / (loss) attributable to Cohen & Company Inc. $ (546 ) $ (2,828 ) Transfers (to) from the non-controlling interest: Increase / (decrease) in Cohen & Company, Inc. paid in capital for the acquisition / (surrender) of additional units in consolidated subsidiary, net (417 ) 133 Changes from net income / (loss) attributable to Cohen & Company Inc. and transfers (to) from the non-controlling interest $ (963 ) $ (2,695 )

Note 20 - Earnings (Loss) Per_2

Note 20 - Earnings (Loss) Per Common Share (Tables)	9 Months Ended
	Sep. 30, 2020
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Net income / (loss) attributable to Cohen & Company Inc. $ 1,655 $ (1,216 ) $ (546 ) $ (2,828 ) Add/ (deduct): Income / (loss) attributable to non-controlling interest attributable to Operating LLC membership (1) 2,542 (645 ) (2,874 ) (1,754 ) Add: Interest expense incurred on dilutive convertible notes 379 - - Add / (deduct): Adjustment (2) 1,503 79 1,536 430 Net income / (loss) on a fully converted basis $ 6,079 $ (1,782 ) $ (1,884 ) $ (4,152 ) Weighted average common shares outstanding - Basic 1,146,941 1,143,909 1,151,321 1,140,328 Unrestricted Operating LLC membership units exchangeable into Cohen & Company, Inc. shares (1) 2,802,863 532,409 2,799,842 532,409 Restricted units or shares 131,296 - - - Shares issuable upon conversion of dilutive convertible notes 1,034,483 - - - Weighted average common shares outstanding - Diluted (3) 5,115,583 1,676,318 3,951,163 1,672,737 Net income / (loss) per common share - Basic $ 1.44 $ (1.06 ) $ (0.47 ) $ (2.48 ) Net income / (loss) per common share - Diluted $ 1.19 $ (1.06 ) $ (0.48 ) $ (2.48 )
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]	Three Months Ended September 30, 2020 Nine Months Ended September 30, 2020 2019 2020 2019 2017 Convertible Note - 1,034,483 1,034,483 1,034,483 2013 Convertible Notes - 528,590 - 553,176 Restricted Common Stock - - 37,572 19,728 Restricted Operating LLC units - - 29,144 - - 1,563,073 1,101,199 1,607,387

Note 22 - Segment and Geograp_2

Note 22 - Segment and Geographic Information (Tables)	9 Months Ended
	Sep. 30, 2020
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Capital Asset Principal Segment Unallocated Markets Management Investing Total (1) Total Net trading $ 55,524 $ - $ - $ 55,524 $ - $ 55,524 Asset management - 4,938 - 4,938 - 4,938 New issue and advisory 500 - - 500 - 500 Principal transactions and other income 6 365 2,412 2,783 - 2,783 Total revenues 56,030 5,303 2,412 63,745 - 63,745 Salaries/Wages 29,840 3,262 - 33,102 3,321 36,423 Other Operating Expense 9,309 1,654 152 11,115 3,771 14,886 Impairment of goodwill 7,883 - - 7,883 - 7,883 Total operating expenses 47,032 4,916 152 52,100 7,092 59,192 Operating income (loss) 8,998 387 2,260 11,645 (7,092 ) 4,553 Interest income (expense) (754 ) - - (754 ) (6,884 ) (7,638 ) Income (loss) from equity method affiliates - 517 (3,228 ) (2,711 ) - (2,711 ) Income (loss) before income taxes 8,244 904 (968 ) 8,180 (13,976 ) (5,796 ) Income tax expense (benefit) - - - - (623 ) (623 ) Net income (loss) 8,244 904 (968 ) 8,180 (13,353 ) (5,173 ) Less: Net income (loss) attributable to the non-controlling interest - - - - (4,627 ) (4,627 ) Net income (loss) attributable to Cohen & Company Inc. $ 8,244 $ 904 $ (968 ) $ 8,180 $ (8,726 ) $ (546 ) Other statement of operations data Depreciation and amortization (included in total operating expense) $ 13 $ 2 $ - $ 15 $ 234 $ 249 Capital Asset Principal Segment Unallocated Markets Management Investing Total (1) Total Net trading $ 25,873 $ - $ - $ 25,873 $ - $ 25,873 Asset management - 5,765 - 5,765 - 5,765 New issue and advisory 250 - - 250 - 250 Principal transactions and other income 2 379 1,307 1,688 - 1,688 Total revenues 26,125 6,144 1,307 33,576 - 33,576 Salaries/Wages 14,323 3,073 - 17,396 2,417 19,813 Other Operating Expense 8,515 1,821 300 10,636 3,120 13,756 Impairment of goodwill - - - - - - Total operating expenses 22,838 4,894 300 28,032 5,537 33,569 Operating income (loss) 3,287 1,250 1,007 5,544 (5,537 ) 7 Interest (expense) income (140 ) - - (140 ) (5,189 ) (5,329 ) Income (loss) from equity method affiliates - - (365 ) (365 ) - (365 ) Income (loss) before income taxes 3,147 1,250 642 5,039 (10,726 ) (5,687 ) Income tax expense (benefit) - - - - (917 ) (917 ) Net income (loss) 3,147 1,250 642 5,039 (9,809 ) (4,770 ) Less: Net income (loss) attributable to the non-controlling interest - - - - (1,942 ) (1,942 ) Net income (loss) attributable to Cohen & Company Inc. $ 3,147 $ 1,250 $ 642 $ 5,039 $ (7,867 ) $ (2,828 ) Other statement of operations data Depreciation and amortization (included in total operating expense) $ 13 $ 2 $ - $ 15 $ 224 $ 239 Capital Asset Principal Segment Unallocated Markets Management Investing Total (1) Total Net trading $ 16,957 $ - $ - $ 16,957 $ - $ 16,957 Asset management - 1,631 - 1,631 - 1,631 New issue and advisory 500 - - 500 - 500 Principal transactions and other income - 151 2,617 2,768 - 2,768 Total revenues 17,457 1,782 2,617 21,856 - 21,856 Salaries/Wages 8,880 1,051 - 9,931 1,034 10,965 Other Operating Expense 3,074 583 50 3,707 1,112 4,819 Impairment of goodwill - - - - - - Total operating expenses 11,954 1,634 50 13,638 2,146 15,784 Operating income (loss) 5,503 148 2,567 8,218 (2,146 ) 6,072 Interest income (expense) (345 ) - - (345 ) (1,607 ) (1,952 ) Income (loss) from equity method affiliates - 217 (1,588 ) (1,371 ) - (1,371 ) Income (loss) before income taxes 5,158 365 979 6,502 (3,753 ) 2,749 Income tax expense (benefit) - - - - (594 ) (594 ) Net income (loss) 5,158 365 979 6,502 (3,159 ) 3,343 Less: Net income (loss) attributable to the non-controlling interest - - - - 1,688 1,688 Net income (loss) attributable to Cohen & Company Inc. $ 5,158 $ 365 $ 979 $ 6,502 $ (4,847 ) $ 1,655 Other statement of operations data Depreciation and amortization (included in total operating expense) $ 4 $ 1 $ - $ 5 $ 80 $ 85 Capital Asset Principal Segment Unallocated Markets Management Investing Total (1) Total Net trading $ 8,479 $ - $ - $ 8,479 $ - $ 8,479 Asset management - 2,018 - 2,018 - 2,018 New issue and advisory 250 - - 250 - 250 Principal transactions and other income - 157 363 520 - 520 Total revenues 8,729 2,175 363 11,267 - 11,267 Salaries/Wages 5,148 1,020 - 6,168 849 7,017 Other Operating Expense 3,013 592 101 3,706 987 4,693 Impairment of goodwill - - - - - - Total operating expenses 8,161 1,612 101 9,874 1,836 11,710 Operating income (loss) 568 563 262 1,393 (1,836 ) (443 ) Interest (expense) income (36 ) - - (36 ) (1,500 ) (1,536 ) Income (loss) from equity method affiliates - - (109 ) (109 ) - (109 ) Income (loss) before income taxes 532 563 153 1,248 (3,336 ) (2,088 ) Income tax expense (benefit) - - - - (170 ) (170 ) Net income (loss) 532 563 153 1,248 (3,166 ) (1,918 ) Less: Net income (loss) attributable to the non-controlling interest - - - - (702 ) (702 ) Net income (loss) attributable to Cohen & Company Inc. $ 532 $ 563 $ 153 $ 1,248 $ (2,464 ) $ (1,216 ) Other statement of operations data Depreciation and amortization (included in total operating expense) $ 5 $ 1 $ - $ 6 $ 74 $ 80
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	Capital Asset Principal Segment Unallocated Markets Management Investing Total (1) Total Total Assets $ 6,480,005 $ 1,513 $ 30,280 $ 6,511,798 $ 15,753 $ 6,527,551 Included within total assets: Investments in equity method affiliates $ - $ - $ 7,776 $ 7,776 $ - $ 7,776 Goodwill (2) $ 54 $ 55 $ - $ 109 $ - $ 109 Intangible assets (2) $ 166 $ - $ - $ 166 $ - $ 166 Capital Asset Principal Segment Unallocated Markets Management Investing Total (1) Total Total Assets $ 7,968,491 $ 1,616 $ 18,689 $ 7,988,796 $ 12,828 $ 8,001,624 Included within total assets: Investments in equity method affiliates $ - $ - $ 3,799 $ 3,799 $ - $ 3,799 Goodwill (2) $ 7,937 $ 55 $ - $ 7,992 $ - $ 7,992 Intangible assets (2) $ 166 $ - $ - $ 166 $ - $ 166
Revenue from External Customers by Geographic Areas [Table Text Block]	Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Total Revenues: United States $ 20,775 $ 10,152 $ 61,131 $ 30,545 Europe & Other 1,081 1,115 2,614 3,031 Total $ 21,856 $ 11,267 $ 63,745 $ 33,576

Note 24 - Related Party Trans_2

Note 24 - Related Party Transactions (Tables)	9 Months Ended
	Sep. 30, 2020
Notes Tables
Schedule of Related Party Transactions [Table Text Block]	Three Months Ended Nine Months Ended September 30, 2020 September 30, 2019 September 30, 2020 September 30, 2019 Net trading TBBK $ - $ 7 $ - $ 11 Asset management EuroDekania - - - 236 SPAC Fund 99 35 149 98 U.S. Insurance JV 100 61 281 211 $ 199 $ 96 $ 430 $ 545 Principal transactions and other income EuroDekania - (2 ) - 279 Fintech III Sponsor 3 2 8 8 FTAC Olympus Sponsor 2 - 2 - Insurance SPAC 30 30 90 65 Insurance SPAC II 20 - 20 - SPAC Fund 49 (19 ) 77 30 U.S. Insurance JV 22 31 (8 ) 114 $ 126 $ 42 $ 189 $ 496 Income (loss) from equity method affiliates AOI 136 - 194 - CK Capital 81 - 323 - FTAC Olympus Sponsor (2 ) - (2 ) - Insurance SPAC (1,498 ) (109 ) (3,138 ) (365 ) Insurance SPAC II (88 ) (88 ) - $ (1,371 ) $ (109 ) $ (2,711 ) $ (365 ) Operating expense (income) Duane Morris 206 86 856 251 FinTech Masala, LLC (11 ) (11 ) (33 ) (23 ) $ 195 $ 75 $ 823 $ 228 Interest expense (income) CBF 94 135 971 462 DGC Trust 408 406 1,423 1,214 EBC 72 50 216 145 Edward E. Cohen IRA - 91 48 265 JKD Investor 301 (43 ) 1,813 478 $ 875 $ 639 $ 4,471 $ 2,564

Note 25 - Due From Due To Rel_2

Note 25 - Due From Due To Related Parties (Tables)	9 Months Ended
	Sep. 30, 2020
Notes Tables
Schedule Of Due From Or Due To Related Parties [Table Text Block]	September 30, 2020 December 31, 2019 Employees & other $ 308 $ 466 Insurance SPAC 650 - Due from related parties $ 958 $ 466

Note 1 - Organization and Nat_2

Note 1 - Organization and Nature of Operations (Details Textual) $ in Millions	9 Months Ended
	Sep. 30, 2020USD ($)
Assets under Management, Carrying Amount	$ 2,650
Number of Operating Segments	3
Collateralized Debt Obligations [Member]
Assets under Management, Carrying Amount	$ 2,050
Assets Under Management, Percentage of Total	77.40%

Note 3 - Summary of Significa_2

Note 3 - Summary of Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019	Jan. 01, 2019
Operating Lease, Right-of-Use Asset	$ 6,340	$ 7,155
Operating Lease, Liability, Total	6,824	7,693
Retained Earnings (Accumulated Deficit), Ending Balance	(35,092)	(34,519)
Other Receivables	3,582	46,625
Debt Instrument, Fair Value Disclosure, Total	$ 81,638	$ 58,635
Accounting Standards Update 2016-02 [Member]
Operating Lease, Right-of-Use Asset			$ 8,416
Operating Lease, Liability, Total			8,860
Other Receivables			18
Other Liabilities, Total			(406)
Accounting Standards Update 2016-02 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Retained Earnings (Accumulated Deficit), Ending Balance			$ (20)

Note 4 - Other Recent Busines_2

Note 4 - Other Recent Business Transactions or Events (Details Textual) - USD ($)	Oct. 15, 2020	Sep. 30, 2020		Sep. 08, 2020	Sep. 04, 2020	Feb. 03, 2020	Mar. 22, 2019	Sep. 28, 2020	Sep. 30, 2020		Sep. 30, 2019	Sep. 30, 2020		Jun. 30, 2020	Sep. 30, 2020		Sep. 30, 2019	Dec. 31, 2020	Sep. 25, 2020	Jan. 31, 2020	Dec. 31, 2019	Oct. 31, 2019	Sep. 29, 2017	Oct. 03, 2016
Common Stock, Par or Stated Value Per Share (in dollars per share)		$ 0.01							$ 0.01			$ 0.01			$ 0.01						$ 0.01
Common Stock, Shares, Issued, Total (in shares)		1,204,110							1,204,110			1,204,110			1,204,110						1,193,624
Common Stock, Shares, Outstanding, Ending Balance (in shares)		1,204,110							1,204,110			1,204,110			1,204,110						1,193,624
Goodwill, Impairment Loss															$ 7,883,000
Proceeds from Issuance of Long-term Debt, Total															2,166,000
Repayments of Debt															9,163,000
Long-term Debt, Total		$ 64,400,000							64,400,000			$ 64,400,000			64,400,000						$ 48,861,000
Redeemable Financial Instruments		14,457,000							14,457,000			14,457,000			14,457,000						16,983,000
Payments for Redeemable Financial Instruments															2,421,000
JKD Capital Partners I, LTD [Member]
Redeemable Financial Instruments		$ 7,957,000							$ 7,957,000			$ 7,957,000			$ 7,957,000						$ 7,957,000
JKD Capital Partners I, LTD [Member] | Investment Agreement [Member]
Redeemable Financial Instruments																								$ 12,000,000
CBF [Member] | Investment Agreement [Member]
Redeemable Financial Instruments																			$ 6,500,000			$ 6,500,000	$ 8,000
Investment Agreement, Percentage of Investment Return on Investment Amount for Revenues Greater than Zero		20.00%							20.00%			20.00%			20.00%
Investment Agreement, Percentage of Investment Return on Business Revenue for Revenues Greater than Zero		15.20%							15.20%			15.20%			15.20%
Investment Agreement, Percentage of Investment Return on Investment Amount for Revenues with Zero or Less than Zero		3.75%							3.75%			3.75%			3.75%
DGC Trust [Member] | Investment Agreement [Member]
Redeemable Financial Instruments																			$ 2,000,000				$ 2,000,000
Payments for Redeemable Financial Instruments		$ 2,000,000
Paycheck Protection Program CARES Act [Member]
Proceeds from Issuance of Long-term Debt, Total												$ 2,166,000
Non-convertible Senior Notes 12.00% (2020 Senior Notes) [Member] | Non-convertible Senior Notes [Member]
Debt Instrument, Face Amount																				$ 4,500,000
Debt Instrument, Interest Rate, Stated Percentage		12.00%	[1]						12.00%	[1]		12.00%	[1]		12.00%	[1]				12.00%
Non-convertible Senior Notes 12.00% (2020 Senior Notes) [Member] | JKD Capital Partners I, LTD [Member] | Non-convertible Senior Notes [Member]
Debt Instrument, Face Amount																				$ 2,250,000
Debt Instrument, Interest Rate, Stated Percentage																				12.00%
Non-convertible Senior Notes 12.00% (2020 Senior Notes) [Member] | JKD Capital Partners I LTD and RN Capital Solutions LLC [Member] | Non-convertible Senior Notes [Member]
Debt Instrument, Face Amount																				$ 4,500,000
The 2019 Senior Notes [Member]
Repayments of Debt						$ 4,386,000
Long-term Debt, Total						$ 2,400,000
COVID-19 Pandemic [Member] | JVB Holdings [Member]
Goodwill, Impairment Loss														$ 7,883,000	$ 7,883,000
ViaNova [Member]
Other Investment Not Readily Marketable, Quoted Value		$ 2,300,000							$ 2,300,000			$ 2,300,000			2,300,000
Other Investment Not Readily Marketable, Fair Value		$ 2,243,000							$ 2,243,000			$ 2,243,000			$ 2,243,000
Subsequent Event [Member] | CBF [Member] | Investment Agreement [Member]
Redeemable Financial Instruments	$ 4,000,000
Payments for Redeemable Financial Instruments	$ 2,500,000
Investment Agreement, Percentage of Investment Return on Investment Amount for Revenues Greater than Zero	20.00%
Investment Agreement, Percentage of Investment Return on Business Revenue for Revenues Greater than Zero	9.40%
Investment Agreement, Percentage of Investment Return on Investment Amount for Revenues with Zero or Less than Zero	3.75%
Sponsor Entities [Member] | Insurance SPAC [Member]
Closing Share Price for Founder Shares to Become Transferable or Salable, Tranche One (in dollars per share)							$ 12
Founder Shares, Percent of Shares to Become Transferable or Salable Upon Consummation of Business Combination							20.00%
Closing Share Price for Founder Shares to Become Transferable or Salable, Tranche Two (in dollars per share)							$ 13.50
Closing Share Price for Founder Shares to Become Transferable or Salable, Tranche Three (in dollars per share)							15
Closing Share Price for Founder Shares to Become Transferable or Salable, Tranche Four (in dollars per share)							$ 17
Sponsor Entities [Member] | Private Placement [Member] | Insurance SPAC [Member]
Number of Placement Units Purchased (in shares)							375,000
Sponsor Entities [Member] | SFT Class A Common Stock [Member] | Forecast [Member]
Investment Owned, Balance, Shares (in shares)																		122,665
Sponsor Entities [Member] | SFT Warrants [Member] | Forecast [Member]
Investment Owned, Balance, Shares (in shares)																		61,332
Sponsor Entities [Member] | Sponsor Shares [Member] | Forecast [Member]
Investment Owned, Balance, Shares (in shares)																		2,019,721
Sponsor Entities [Member] | Subsequent Event [Member] | SFT Class A Common Stock [Member]
Investment Owned, Balance, Shares (in shares)	375,000
Common Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.0001
Distribution Made to Noncontrolling Interest, Securities to be Distributed (in shares)	252,335
Sponsor Entities [Member] | Subsequent Event [Member] | SFT Warrants [Member]
Investment Owned, Balance, Shares (in shares)	187,500
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share)	$ 11.50
Distribution Made to Noncontrolling Interest, Securities to be Distributed (in shares)	126,500
Sponsor Entities [Member] | Subsequent Event [Member] | Sponsor Shares [Member]
Investment Owned, Balance, Shares (in shares)	4,497,525
Sponsor Entities [Member] | Subsequent Event [Member] | Founder Shares [Member]
Distribution Made to Noncontrolling Interest, Securities to be Distributed (in shares)	2,477,803
Company's Subsidiary [Member] | Subsequent Event [Member] | SFT Class A Common Stock [Member]
Investment Owned, Balance, Shares (in shares)	600,000
Distribution Made to Noncontrolling Interest, Securities to be Distributed (in shares)	350,000
Investment Owned, Price Per Share (in dollars per share)	$ 10
Distribution Made to Parent's Wholly Owned Subsidiary, Securities to be Distributed (in shares)	250,000
SPAC II [Member]
Common Stock, Shares, Issued, Total (in shares)				31,386,667
Common Stock, Shares, Outstanding, Ending Balance (in shares)				31,386,667
SPAC II [Member] | Operating LLC [Member]
Commitments, Operating and Acquisition Expenses				$ 750,000
Office Space, Utilities, Support, and Administrative Services, Monthly Payment				$ 20,000
SPAC II [Member] | IPO [Member]
Common Stock, Par or Stated Value Per Share (in dollars per share)								$ 0.0001
Units Issued During Period, Units, New Issues (in shares)				23,000,000	3,000,000
Units Issued During Period, Shares Per Unit (in shares)								1
Units Issued During Period, Warrants Per Unit (in shares)								0.33
Shares Issued, Price Per Share (in dollars per share)				$ 10
Proceeds from Issuance or Sale of Equity, Total				$ 230,000,000
Proceeds From Issuance of Units, Trust Account				230,000,000
Payments of Equity Issuance Costs, Trust Account				$ 9,800,000
SPAC II [Member] | IPO [Member] | Warrants for SPAC II Common Stock [Member]
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share)				$ 11.50
Class of Warrant or Right, Number of Securities Called by Each Warrant or Right (in shares)				1
SPAC II [Member] | IPO [Member] | Insurance Acquisition Sponsor II , LLC [Member]
Units Issued During Period, Units, New Issues (in shares)				452,500
Shares Issued, Price Per Share (in dollars per share)				$ 10
Proceeds from Issuance or Sale of Equity, Total				$ 4,525,000
SPAC II [Member] | IPO [Member] | Cantor Fitzgerald & Co. [Member]
Units Issued During Period, Units, New Issues (in shares)				87,500
Proceeds from Issuance or Sale of Equity, Total				$ 875,000
SPAC II [Member] | IPO [Member] | Operating LLC [Member]
Payments of Stock Issuance Costs				$ 75,000
SPAC II [Member] | IPO Over-Allotment Option [Member]
Units Issued During Period, Units, New Issues (in shares)				3,000,000
SPAC II Sponsor Entities [Member] | Founder Shares [Member]
Investment Owned, Balance, Shares (in shares)		7,846,667							7,846,667			7,846,667			7,846,667
Closing Share Price for Founder Shares to Become Transferable or Salable, Tranche One (in dollars per share)		$ 12							$ 12			$ 12			$ 12
Founder Shares, Percent of Shares to Become Transferable or Salable Upon Consummation of Business Combination		20.00%							20.00%			20.00%			20.00%
Closing Share Price for Founder Shares to Become Transferable or Salable, Tranche Two (in dollars per share)		$ 13.50							$ 13.50			$ 13.50			$ 13.50
Closing Share Price for Founder Shares to Become Transferable or Salable, Tranche Three (in dollars per share)		15							15			15			15
Closing Share Price for Founder Shares to Become Transferable or Salable, Tranche Four (in dollars per share)		$ 17							$ 17			$ 17			$ 17
[1]	Represents the interest rate in effect as of the last day of the reporting period.

Note 5 - Net Trading - Net Trad

Note 5 - Net Trading - Net Trading (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Net realized gains (losses) - trading inventory	$ 6,935	$ 5,919	$ 25,604	$ 15,845
Net unrealized gains (losses) - trading inventory	(187)	(707)	1,378	1,664
Net gains and losses	6,748	5,212	26,982	17,509
Interest income- trading inventory	1,577	1,517	6,125	5,192
Interest income - RTLs		43		90
Interest income-receivables under resale agreements	19,040	48,357	77,168	132,176
Interest income	20,617	49,917	83,293	137,458
Interest expense-securities sold under agreements to repurchase	(10,230)	(45,875)	(53,771)	(126,378)
Interest expense-LegacyTexas Credit Facility		(18)	(39)	(47)
Interest expense-margin payable	(178)	(757)	(941)	(2,669)
Interest expense	(10,408)	(46,650)	(54,751)	(129,094)
Net trading	$ 16,957	$ 8,479	$ 55,524	$ 25,873

Note 6 - Receivables from and_3

Note 6 - Receivables from and Payables to Brokers, Dealers, and Clearing Agencies - Receivables from and Payables to from Brokers, Dealers and Clearing Agencies (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Deposits with clearing agencies	$ 250	$ 250
Unsettled regular way trades, net	583	12,170
Receivables from clearing agencies	60,748	83,712
Receivables from brokers, dealers, and clearing agencies	61,581	96,132
Margin payable	139,084	208,441
Due to clearing agent		32,820
Payables to brokers, dealers, and clearing agencies	$ 139,084	$ 241,261

Note 7 - Financial Instrument_2

Note 7 - Financial Instruments - Investments - Trading (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Investments-trading	$ 237,271	$ 307,852
Corporate Bonds and Redeemable Preferred Stock [Member]
Investments-trading	28,375	38,503
Foreign Government Bonds [Member]
Investments-trading	681	844
Municipal Bonds [Member]
Investments-trading	3,271	13,737
Certificates of Deposit [Member]
Investments-trading	812	841
Derivative [Member]
Investments-trading	6,172	3,686
Equity Securities [Member]
Investments-trading	267	561
Residential Transition Loans [Member]
Investments-trading	237,271	307,852
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Debt securities	172,865	196,146
US Government Agencies Debt Securities [Member]
Debt securities	4,791	14,680
Residential Mortgage Backed Securities [Member]
Debt securities	15	15
US Treasury Securities [Member]
Debt securities	9,917	11,105
Asset-backed Securities [Member]
Debt securities	1	100
Small Business Administration Loans [Member]
Debt securities	$ 10,104	$ 27,634

Note 7 - Financial Instrument_3

Note 7 - Financial Instruments - Trading Securities Sold, Not Yet Purchased (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Trading securities sold, not yet purchased	$ 54,619	$ 77,947
Corporate Bonds and Redeemable Preferred Stock [Member]
Trading securities sold, not yet purchased	33,941	58,083
Municipal Bonds [Member]
Trading securities sold, not yet purchased	20	20
Derivative [Member]
Trading securities sold, not yet purchased	5,227	3,017
Equity Securities [Member]
Trading securities sold, not yet purchased	2,255
US Government Agencies Debt Securities [Member]
Trading securities sold, not yet purchased	4
US Treasury Securities [Member]
Trading securities sold, not yet purchased	$ 13,172	$ 16,827

Note 7 - Financial Instrument_4

Note 7 - Financial Instruments - Other Investments, at Fair Value (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Other investments, amortized cost	$ 21,231	$ 14,315
Other Investments, at fair value	22,452	14,864
Other investments, unrealized gain (loss)	1,221	549
Other investments, carrying value	22,452	14,864
Collateralized Loan Obligations [Member]
Other investments, amortized cost		2,894
Other Investments, at fair value		2,522
Other investments, unrealized gain (loss)		(372)
Other investments, carrying value		2,522
U.S. Insurance JV [Member]
Other investments, amortized cost	1,224	2,048
Other Investments, at fair value	1,391	2,223
Other investments, unrealized gain (loss)	167	175
Other investments, carrying value	1,391	2,223
SPAC Fund [Member]
Other investments, amortized cost		646
Other Investments, at fair value		668
Other investments, unrealized gain (loss)		22
Other investments, carrying value		668
Subordinated Notes [Member]
Other investments, amortized cost	900
Other Investments, at fair value	900
Other investments, unrealized gain (loss)
Other investments, carrying value	900
Residential Mortgage [Member]
Other investments, amortized cost	121	129
Other Investments, at fair value	99	99
Other investments, unrealized gain (loss)	(22)	(30)
Other investments, carrying value	99	99
Insurance SPAC [Member]
Other investments, amortized cost	646
Other Investments, at fair value	745
Other investments, unrealized gain (loss)	99
Other investments, carrying value	745
Equity Securities [Member]
Other investments, amortized cost	16,097	8,598
Other Investments, at fair value	17,051	9,352
Other investments, unrealized gain (loss)	954	754
Other investments, carrying value	17,051	$ 9,352
Residential Transition Loans [Member]
Other investments, amortized cost	2,243
Other Investments, at fair value	2,266
Other investments, unrealized gain (loss)	23
Other investments, carrying value	$ 2,266

Note 8 - Fair Value Disclosur_3

Note 8 - Fair Value Disclosures (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Other Investments [Member]
Fair Value, Option, Changes in Fair Value, Gain (Loss)	$ 1,763	$ 140	$ 1,308	$ 879

Note 8 - Fair Value Disclosur_4

Note 8 - Fair Value Disclosures - Fair Value Measurements on a Recurring Basis (Details) - USD ($)	Sep. 30, 2020		Dec. 31, 2019
Investments-trading	$ 237,271,000		$ 307,852,000
Other Investments, at fair value	22,452,000		14,864,000
Trading securities sold, not yet purchased	54,619,000		77,947,000
Corporate Bonds and Redeemable Preferred Stock [Member]
Investments-trading	28,375,000		38,503,000
Trading securities sold, not yet purchased	33,941,000		58,083,000
Foreign Government Bonds [Member]
Investments-trading	681,000		844,000
Municipal Bonds [Member]
Investments-trading	3,271,000		13,737,000
Trading securities sold, not yet purchased	20,000		20,000
Certificates of Deposit [Member]
Investments-trading	812,000		841,000
Derivative [Member]
Investments-trading	6,172,000		3,686,000
Trading securities sold, not yet purchased	5,227,000		3,017,000
Equity Securities [Member]
Investments-trading	267,000		561,000
Other Investments, at fair value	17,051,000		9,352,000
Trading securities sold, not yet purchased	2,255,000
Residential Transition Loans [Member]
Investments-trading	237,271,000		307,852,000
Other Investments, at fair value	2,266,000
Fair Value, Recurring [Member]
Investments-trading	237,271,000		307,852,000
Other Investments, at fair value	22,452		14,864,000
Trading securities sold, not yet purchased	54,619		77,947,000
Fair Value, Recurring [Member] | Corporate Bonds and Redeemable Preferred Stock [Member]
Investments-trading	28,375,000		38,503,000
Trading securities sold, not yet purchased	33,941		58,083,000
Fair Value, Recurring [Member] | Foreign Government Bonds [Member]
Investments-trading	681,000		844,000
Fair Value, Recurring [Member] | Municipal Bonds [Member]
Investments-trading	3,271,000		13,737,000
Trading securities sold, not yet purchased	20,000		20,000
Fair Value, Recurring [Member] | Certificates of Deposit [Member]
Investments-trading	812,000		841,000
Fair Value, Recurring [Member] | Derivative [Member]
Investments-trading	6,172,000		3,686,000
Trading securities sold, not yet purchased	5,227,000		3,017,000
Fair Value, Recurring [Member] | Equity Securities [Member]
Investments-trading	267,000		561,000
Other Investments, at fair value	17,051,000		9,352,000
Trading securities sold, not yet purchased	2,255,000
Fair Value, Recurring [Member] | Residential Transition Loans [Member]
Other Investments, at fair value	2,266,000
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Investments-trading	9,917,000		11,105,000
Trading securities sold, not yet purchased	13,172		16,827,000
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Corporate Bonds and Redeemable Preferred Stock [Member]
Investments-trading
Trading securities sold, not yet purchased
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Foreign Government Bonds [Member]
Investments-trading
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Municipal Bonds [Member]
Investments-trading
Trading securities sold, not yet purchased
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Certificates of Deposit [Member]
Investments-trading
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Derivative [Member]
Investments-trading
Trading securities sold, not yet purchased
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Equity Securities [Member]
Investments-trading
Other Investments, at fair value	12,424,000		2,009,000
Trading securities sold, not yet purchased
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Residential Transition Loans [Member]
Other Investments, at fair value
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Investments-trading	227,354,000		296,747,000
Trading securities sold, not yet purchased	41,447		61,120,000
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Corporate Bonds and Redeemable Preferred Stock [Member]
Investments-trading	28,375,000		38,503,000
Trading securities sold, not yet purchased	33,941		58,083,000
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Foreign Government Bonds [Member]
Investments-trading	681,000		844,000
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Municipal Bonds [Member]
Investments-trading	3,271,000		13,737,000
Trading securities sold, not yet purchased	20,000		20,000
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Certificates of Deposit [Member]
Investments-trading	812,000		841,000
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Derivative [Member]
Investments-trading	6,172,000		3,686,000
Trading securities sold, not yet purchased	5,227,000		3,017,000
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Equity Securities [Member]
Investments-trading	267,000		561,000
Other Investments, at fair value	4,627,000		7,343,000
Trading securities sold, not yet purchased	2,255,000
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Residential Transition Loans [Member]
Other Investments, at fair value
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Investments-trading
Trading securities sold, not yet purchased
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Corporate Bonds and Redeemable Preferred Stock [Member]
Investments-trading
Trading securities sold, not yet purchased
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Foreign Government Bonds [Member]
Investments-trading
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Municipal Bonds [Member]
Investments-trading
Trading securities sold, not yet purchased
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Certificates of Deposit [Member]
Investments-trading
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Derivative [Member]
Investments-trading
Trading securities sold, not yet purchased
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Equity Securities [Member]
Investments-trading
Other Investments, at fair value
Trading securities sold, not yet purchased
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Residential Transition Loans [Member]
Other Investments, at fair value	2,266,000
Fair Value, Recurring [Member] | Fair Value Measured at Net Asset Value Per Share [Member]
Other Investments, at fair value	2,136		2,891,000	[1]
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Recurring [Member]
Investments-trading	172,865,000		196,146,000
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Investments-trading
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Investments-trading	172,865,000		196,146,000
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Investments-trading
US Government Agencies Debt Securities [Member]
Trading securities sold, not yet purchased	4,000
US Government Agencies Debt Securities [Member] | Fair Value, Recurring [Member]
Investments-trading	4,791,000		14,680,000
Trading securities sold, not yet purchased	4,000
US Government Agencies Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Investments-trading
Trading securities sold, not yet purchased
US Government Agencies Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Investments-trading	4,791,000		14,680,000
Trading securities sold, not yet purchased	4,000
US Government Agencies Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Investments-trading
Trading securities sold, not yet purchased
Residential Mortgage Backed Securities [Member] | Fair Value, Recurring [Member]
Investments-trading	15,000		15,000
Residential Mortgage Backed Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Investments-trading
Residential Mortgage Backed Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Investments-trading	15,000		15,000
Residential Mortgage Backed Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Investments-trading
US Treasury Securities [Member]
Trading securities sold, not yet purchased	13,172,000		16,827,000
US Treasury Securities [Member] | Fair Value, Recurring [Member]
Investments-trading	9,917,000		11,105,000
Trading securities sold, not yet purchased	13,172,000		16,827,000
US Treasury Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Investments-trading	9,917,000		11,105,000
Trading securities sold, not yet purchased	13,172,000		16,827,000
US Treasury Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Investments-trading
Trading securities sold, not yet purchased
US Treasury Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Investments-trading
Trading securities sold, not yet purchased
Asset-backed Securities [Member] | Fair Value, Recurring [Member]
Investments-trading	1,000		100,000
Asset-backed Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Investments-trading
Asset-backed Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Investments-trading	1,000		100,000
Asset-backed Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Investments-trading
Small Business Administration Loans [Member] | Fair Value, Recurring [Member]
Investments-trading	10,104,000		27,634,000
Small Business Administration Loans [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Investments-trading
Small Business Administration Loans [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Investments-trading	10,104,000		27,634,000
Small Business Administration Loans [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Investments-trading
Collateralized Loan Obligations [Member]
Other Investments, at fair value			2,522,000
Collateralized Loan Obligations [Member] | Fair Value, Recurring [Member]
Other Investments, at fair value			2,522,000
Collateralized Loan Obligations [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Other Investments, at fair value
Collateralized Loan Obligations [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Other Investments, at fair value
Collateralized Loan Obligations [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Other Investments, at fair value			2,522,000
Subordinated Notes [Member]
Other Investments, at fair value	900,000
Subordinated Notes [Member] | Fair Value, Recurring [Member]
Other Investments, at fair value	900,000
Subordinated Notes [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Other Investments, at fair value
Subordinated Notes [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Other Investments, at fair value	900,000
Subordinated Notes [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Other Investments, at fair value
Residential Mortgage [Member]
Other Investments, at fair value	99,000		99,000
Residential Mortgage [Member] | Fair Value, Recurring [Member]
Other Investments, at fair value	99,000	[2]	99,000
Residential Mortgage [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Other Investments, at fair value		[2]
Residential Mortgage [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Other Investments, at fair value	99,000	[2]	99,000
Residential Mortgage [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Other Investments, at fair value		[2]
Total Investments not Measured at NAV [Member] | Fair Value, Recurring [Member]
Other Investments, at fair value	20,316,000		11,973,000
Total Investments not Measured at NAV [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Other Investments, at fair value	12,424,000		2,009,000
Total Investments not Measured at NAV [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Other Investments, at fair value	5,626,000		7,442,000
Total Investments not Measured at NAV [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Other Investments, at fair value	$ 2,266,000		$ 2,522,000
[1]	As a practical expedient, the Company uses NAV per share (or its equivalent) to measure the fair value of its investments in the U.S. Insurance JV and the SPAC Fund. The U.S. Insurance JV invests in USD denominated debt issued by small and medium size insurance and reinsurance companies. The SPAC Fund invests in equity securities of SPACs. According to ASC 820, these investments are not categorized within the valuation hierarchy.
[2]	As a practical expedient, the Company uses NAV per share (or its equivalent) to measure the fair value of its investments in the U.S. Insurance JV and the SPAC Fund. The U.S. Insurance JV invests in USD denominated debt issued by small insurance and reinsurance companies. The SPAC Fund invests in equity securities of SPACs. According to ASC 820, these investments are not categorized within the valuation hierarchy.

Note 8 - Fair Value Disclosur_5

Note 8 - Fair Value Disclosures - Level 3 Rollforward (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Beginning of period		$ 2,322	$ 2,786	$ 2,522	$ 2,756
Net trading		(16)		(57)
Gains & losses (1)	[1]	23	(53)	(638)	(80)
Accretion of income (1)	[1]		102	124	299
Purchases				638
Sales and returns of capital		(63)	(169)	(5,601)	(309)
Reclassification of RTLs				5,278
End of period		2,266	2,666	2,266	2,666
Change in unrealized gains / (losses) (2)	[2]	$ 7	$ (46)	$ (34)	$ (73)
[1]	Gains and losses and accretion of income on other investments, at fair value are recorded as a component of principal transactions and other income in the consolidated statements of operations.
[2]	Represents the change in unrealized gains and losses for the period included in earnings for assets held at the end of the reporting period.

Note 8 - Fair Value Disclosur_6

Note 8 - Fair Value Disclosures - Quantitative Information About Level 3 Fair Value Measurements (Details) $ in Thousands	Sep. 30, 2020USD ($)	Dec. 31, 2019USD ($)
Investments-trading	$ 237,271	$ 307,852
Other Investments, at fair value	22,452	14,864
Collateralized Loan Obligations [Member]
Other Investments, at fair value		2,522
Collateralized Loan Obligations [Member] | Valuation Technique, Discounted Cash Flow [Member] | Fair Value, Inputs, Level 3 [Member] | Measurement Input, Yield Rate [Member]
Other Investments, at fair value		$ 2,522
Collateralized Loan Obligations [Member] | Valuation Technique, Discounted Cash Flow [Member] | Fair Value, Inputs, Level 3 [Member] | Measurement Input, Yield Rate [Member] | Weighted Average [Member]
Other investments, at fair value		0.179
Collateralized Loan Obligations [Member] | Valuation Technique, Discounted Cash Flow [Member] | Fair Value, Inputs, Level 3 [Member] | Measurement Input, Yield Rate [Member] | Minimum [Member]
Other investments, at fair value		0.169
Collateralized Loan Obligations [Member] | Valuation Technique, Discounted Cash Flow [Member] | Fair Value, Inputs, Level 3 [Member] | Measurement Input, Yield Rate [Member] | Maximum [Member]
Other investments, at fair value		0.192
Collateralized Loan Obligations [Member] | Valuation Technique, Discounted Cash Flow [Member] | Fair Value, Inputs, Level 3 [Member] | Measurement Input, Expected Term [Member] | Weighted Average [Member]
Other investments, at fair value		5.8
Collateralized Loan Obligations [Member] | Valuation Technique, Discounted Cash Flow [Member] | Fair Value, Inputs, Level 3 [Member] | Measurement Input, Expected Term [Member] | Minimum [Member]
Other investments, at fair value		5.3
Collateralized Loan Obligations [Member] | Valuation Technique, Discounted Cash Flow [Member] | Fair Value, Inputs, Level 3 [Member] | Measurement Input, Expected Term [Member] | Maximum [Member]
Other investments, at fair value		6.5
Collateralized Loan Obligations [Member] | Valuation Technique, Discounted Cash Flow [Member] | Fair Value, Inputs, Level 3 [Member] | Measurement Input, Default Rate [Member] | Weighted Average [Member]
Other investments, at fair value		0.02
Collateralized Loan Obligations [Member] | Valuation Technique, Discounted Cash Flow [Member] | Fair Value, Inputs, Level 3 [Member] | Measurement Input, Default Rate [Member] | Minimum [Member]
Other investments, at fair value		0.02
Collateralized Loan Obligations [Member] | Valuation Technique, Discounted Cash Flow [Member] | Fair Value, Inputs, Level 3 [Member] | Measurement Input, Default Rate [Member] | Maximum [Member]
Other investments, at fair value		0.02
Residential Transition Loans [Member] | Valuation Technique, Discounted Cash Flow [Member] | Fair Value, Inputs, Level 3 [Member] | Measurement Input, Yield Rate [Member]
Investments-trading	$ 2,266
Residential Transition Loans [Member] | Valuation Technique, Discounted Cash Flow [Member] | Fair Value, Inputs, Level 3 [Member] | Measurement Input, Yield Rate [Member] | Weighted Average [Member]
RTLs	0.15

Note 8 - Fair Value Disclosur_7

Note 8 - Fair Value Disclosures - Fair Value Measurements of Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent) (Details) - USD ($) $ in Thousands		9 Months Ended	12 Months Ended
		Sep. 30, 2020	Dec. 31, 2019
Other investments, at fair value		$ 2,136	$ 2,891
U.S. Insurance JV [Member]
Other investments, at fair value	[1]	1,391	2,223
Unfunded commitments	[1]	1,567	817
SPAC Fund [Member]
Other investments, at fair value	[2]	$ 745	$ 668
Redemption notice period (Day)	[2]	90 days	90 days
[1]	The U.S. Insurance JV invests in USD denominated debt issued by small and medium size insurance and reinsurance companies.
[2]	The SPAC Fund invests in equity interests of SPACs.

Note 9 - Derivative Financial_3

Note 9 - Derivative Financial Instruments (Details Textual) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Foreign Exchange Forward [Member]
Derivative, Notional Amount	$ 0	$ 0
TBA and Other Forward MBS [Member] | Long [Member]
Derivative, Notional Amount	1,836,000	1,773,000
TBA and Other Forward MBS [Member] | Short [Member]
Derivative, Notional Amount	1,936,750	1,874,194
Other Extended Settlement Trade [Member] | Long [Member]
Derivative, Notional Amount	11,045	1,526
Other Extended Settlement Trade [Member] | Short [Member]
Derivative, Notional Amount	$ 0	$ 0

Note 9 - Derivative Financial_4

Note 9 - Derivative Financial Instruments - Balance Sheet Information (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Derivative financial instruments	$ 945	$ 669
TBA and Other Forward MBS [Member] | Long [Member] | Investments -Trading [Member]
Derivative financial instruments	6,172	3,686
TBA and Other Forward MBS [Member] | Short [Member] | Trading Securities Sold, Not Yet Purchased [Member]
Derivative financial instruments	(5,213)	(3,017)
Other Extended Settlement Trade [Member] | Long [Member] | Investments -Trading [Member]
Derivative financial instruments
Other Extended Settlement Trade [Member] | Short [Member] | Trading Securities Sold, Not Yet Purchased [Member]
Derivative financial instruments	(14)
Foreign Exchange Forward [Member] | Other Investments [Member]
Derivative financial instruments

Note 9 - Derivative Financial_5

Note 9 - Derivative Financial Instruments - Statement of Operations Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Derivative net gain (loss)	$ 2,110	$ 2,081	$ 3,413	$ 4,000
Foreign Exchange Forward [Member] | Principal Transactions and Other Income [Member]
Derivative net gain (loss)		8		51
Other Extended Settlement Trade [Member] | Net Trading [Member]
Derivative net gain (loss)	(1)	5	(14)	(67)
TBA and Other Forward MBS [Member] | Net Trading [Member]
Derivative net gain (loss)	$ 2,111	$ 2,068	$ 3,427	$ 4,016

Note 10 - Collateralized Secu_3

Note 10 - Collateralized Securities Transactions (Details Textual) $ in Thousands	Oct. 19, 2018	Sep. 30, 2020USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2020USD ($)	Sep. 30, 2019USD ($)	Jun. 30, 2020USD ($)	Dec. 31, 2019USD ($)	Apr. 25, 2018USD ($)
Securities Purchased under Agreements to Resell, Total		$ 6,055,291		$ 6,055,291			$ 7,500,002
Fair Value of Securities Received as Collateral that Can be Resold or Repledged		$ 6,237,942		$ 6,237,942			$ 7,769,693
Number of Counterparties Related to Reverse Repurchase Agreements		34		34			41
Securities Sold under Agreements to Repurchase, Total		$ 6,058,998		$ 6,058,998			$ 7,534,443
Fair Value of Securities Received as Collateral that Have Been Resold or Repledged		6,001,643		6,001,643			7,561,978
Revenues, Total		21,856	$ 11,267	63,745	$ 33,576
Fixed Income Clearing Corporation the (FICC) [Member]
Securities Purchased under Agreements to Resell, Total		1,360,835		1,360,835			371,025
Securities Sold under Agreements to Repurchase, Total		$ 3,485,655		$ 3,485,655			$ 5,138,712
Gestational Repo Business [Member]
Number of Counterparties Related to Reverse Repurchase Agreements		9		9			7
Revenues, Total		$ 8,850	$ 2,566	$ 23,645	$ 6,202
Intraday and Overnight Lending Facility [Member]
Debt Instrument, Commitment Amount		$ 75,000		$ 75,000
Debt Instrument, Renewal Term (Day)	364 days
Debt Instrument, Interest Rate, Stated Percentage	0.12%
Short-term Debt, Total						$ 0	$ 32,818
Interest Payable, Current							2
Intraday and Overnight Lending Facility [Member] | Payable to Brokers, Dealers, and Clearing Agencies [Member]
Short Term Debt, Including Accrued Interest							$ 32,820
Intraday and Overnight Lending Facility [Member] | Base Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	3.00%
Intraday and Overnight Lending Facility [Member] | Fed Funds Effective Rate Overnight Index Swap Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	0.50%
Fifth Third Financial Bank [Member]
Line of Credit Facility, Current Borrowing Capacity								$ 25,000

Note 10 - Collateralized Secu_4

Note 10 - Collateralized Securities Transactions - Secured Borrowings (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Securities sold under agreements to repurchase	$ 6,058,998	$ 7,534,443
Receivables under resale agreements	6,055,291	7,500,002
Overnight and Continuous [Member]
Securities sold under agreements to repurchase	1,748,924	5,145,495
Receivables under resale agreements	1,516,287	1,231,027
Maturity Less than 30 Days [Member]
Securities sold under agreements to repurchase	4,197,327	2,288,545
Receivables under resale agreements	4,047,772	3,272,880
Maturity 30 to 90 Days [Member]
Securities sold under agreements to repurchase	112,747	100,403
Receivables under resale agreements	437,964	2,421,037
Maturity Greater than 90 Days [Member]
Securities sold under agreements to repurchase
Receivables under resale agreements	53,268	575,058
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Securities sold under agreements to repurchase	3,703,460	6,664,321
Receivables under resale agreements	3,707,168	6,650,352
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Overnight and Continuous [Member]
Securities sold under agreements to repurchase	1,585,612	5,117,811
Receivables under resale agreements	1,360,835	1,231,027
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Maturity Less than 30 Days [Member]
Securities sold under agreements to repurchase	2,117,848	1,546,510
Receivables under resale agreements	1,967,857	2,525,188
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Maturity 30 to 90 Days [Member]
Securities sold under agreements to repurchase
Receivables under resale agreements	325,208	2,319,079
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Maturity Greater than 90 Days [Member]
Securities sold under agreements to repurchase
Receivables under resale agreements	53,268	575,058
Collateralized Mortgage Backed Securities [Member]
Securities sold under agreements to repurchase	2,345,910	842,438
Receivables under resale agreements	2,348,123	849,650
Collateralized Mortgage Backed Securities [Member] | Overnight and Continuous [Member]
Securities sold under agreements to repurchase	153,684
Receivables under resale agreements	155,452
Collateralized Mortgage Backed Securities [Member] | Maturity Less than 30 Days [Member]
Securities sold under agreements to repurchase	2,079,479	742,035
Receivables under resale agreements	2,079,915	747,692
Collateralized Mortgage Backed Securities [Member] | Maturity 30 to 90 Days [Member]
Securities sold under agreements to repurchase	112,747	100,403
Receivables under resale agreements	112,756	101,958
Collateralized Mortgage Backed Securities [Member] | Maturity Greater than 90 Days [Member]
Securities sold under agreements to repurchase
Receivables under resale agreements
Small Business Administration Loans [Member]
Securities sold under agreements to repurchase	9,628	27,684
Small Business Administration Loans [Member] | Overnight and Continuous [Member]
Securities sold under agreements to repurchase	9,628	27,684
Small Business Administration Loans [Member] | Maturity Less than 30 Days [Member]
Securities sold under agreements to repurchase
Small Business Administration Loans [Member] | Maturity 30 to 90 Days [Member]
Securities sold under agreements to repurchase
Small Business Administration Loans [Member] | Maturity Greater than 90 Days [Member]
Securities sold under agreements to repurchase

Note 11 - Investments in Equi_3

Note 11 - Investments in Equity Method Affiliates - Investments in Equity Method Affiliates (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
January 1, 2020			$ 3,799
Investments / advances			6,688	$ 3,775
Distributions / repayments
Earnings / (loss) realized	$ (1,371)	$ (109)	(2,711)	$ (365)
September 30, 2020	7,776		7,776
Insurance SPAC [Member]
January 1, 2020			3,222
Investments / advances
Distributions / repayments
Earnings / (loss) realized			(3,138)
September 30, 2020	84		84
AOI [Member]
January 1, 2020
Investments / advances			4,550
Distributions / repayments
Earnings / (loss) realized			(87)
September 30, 2020	4,463		4,463
CK Capital Partners B.V. [Member]
January 1, 2020
Investments / advances			41
Distributions / repayments
Earnings / (loss) realized			(3)
September 30, 2020	38		38
FTAC Olympus Acquisition Corp. [Member]
January 1, 2020			559
Investments / advances			2,097
Distributions / repayments
Earnings / (loss) realized			195
September 30, 2020	2,851		2,851
Fintech IV [Member]
January 1, 2020			18
Investments / advances
Distributions / repayments
Earnings / (loss) realized			322
September 30, 2020	$ 340		$ 340

Note 11 - Investments in Equi_4

Note 11 - Investments in Equity Method Affiliates - Summarized Financial Results of Significant Equity Method Subsidiaries (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2020	Sep. 30, 2019
Net income (loss)	$ 3,343	$ 3,269	$ (11,785)	$ (1,918)	$ (1,028)	$ (1,824)	$ (5,173)	$ (4,770)
Insurance SPAC [Member]
Net income (loss)	(1,547)			530			(2,700)	1,006
Net income/(loss) attributable to the investee	$ (1,547)			$ 530			$ (2,700)	$ 1,006

Note 12 - Goodwill (Details Tex

Note 12 - Goodwill (Details Textual) - USD ($)	3 Months Ended		6 Months Ended	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Jun. 30, 2020	Sep. 30, 2020	Sep. 30, 2019
Goodwill, Impairment Loss				$ 7,883,000
JVB Holdings [Member] | COVID-19 Pandemic [Member]
Goodwill, Impairment Loss			$ 7,883,000	$ 7,883,000

Note 12 - Goodwill - Goodwill (

Note 12 - Goodwill - Goodwill (Details) - USD ($) $ in Thousands		Sep. 30, 2020	Dec. 31, 2019
Goodwill	[1]	$ 109	$ 7,992
Alesco Financial Inc (AFN) [Member]
Goodwill		109	109
JVB Holdings [Member]
Goodwill			$ 7,883
[1]	Goodwill and intangible assets are allocated to the Capital Markets and Asset Management business segments as indicated in the table above.

Note 13 - Leases (Details Textu

Note 13 - Leases (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019	Jan. 01, 2019
Operating Lease, Right-of-Use Asset	$ 6,340		$ 6,340		$ 7,155
Operating Lease, Liability, Total	6,824		6,824		7,693
Retained Earnings (Accumulated Deficit), Ending Balance	(35,092)		(35,092)		(34,519)
Other Receivables	$ 3,582		$ 3,582		$ 46,625
Operating Lease, Weighted Average Remaining Lease Term (Year)	8 years		8 years
Operating Lease, Weighted Average Discount Rate, Percent	5.40%		5.40%
Operating Lease, Payments			$ 1,187	$ 1,153
Operating Lease, Expense	$ 82	$ 73	238	202
Sublease Income	$ 371	$ 387	$ 1,134	$ 1,174
Accounting Standards Update 2016-02 [Member]
Operating Lease, Right-of-Use Asset						$ 8,416
Operating Lease, Liability, Total						8,860
Other Receivables						18
Other Liabilities, Total						(406)
Accounting Standards Update 2016-02 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Retained Earnings (Accumulated Deficit), Ending Balance						$ (20)

Note 13 - Leases - Future Matur

Note 13 - Leases - Future Maturity of Lease Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
2020 - remaining	$ 384
2021	1,116
2022	941
2023	955
2024	983
Thereafter	4,094
Total	8,473
Less imputed interest	(1,649)
Operating Lease, Liability, Total	$ 6,824	$ 7,693

Note 14 - Other Receivables, _3

Note 14 - Other Receivables, Other Assets, Accounts Payable and Other Liabilities - Other Receivables (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Cash collateral due from counterparties	$ 225	$ 41,172
Asset management fees receivable	951	1,159
Accrued interest receivable and dividend receivable	1,605	3,549
Revenue share receivable	150	150
Other receivables	651	595
Other receivables	$ 3,582	$ 46,625

Note 14 - Other Receivables, _4

Note 14 - Other Receivables, Other Assets, Accounts Payable and Other Liabilities - Other Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Deferred costs	$ 124	$ 301
Prepaid expenses	1,079	796
Prepaid income taxes	69
Deposits	399	656
Miscellaneous other assets	275	275
RTLs, other assets		5,323
Furniture, equipment, and leasehold improvements, net	813	916
Intangible assets	166	166
Other assets	$ 2,925	$ 8,433

Note 14 - Other Receivables, _5

Note 14 - Other Receivables, Other Assets, Accounts Payable and Other Liabilities - Accounts Payable and Other Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Accounts payable	$ 508	$ 362
Redeemable financial instruments accrued interest	271	403
Accrued interest payable	695	711
Accrued interest on securities sold, not yet purchased	496	914
Payroll taxes payable	1,035	729
Counterparty cash collateral	125,294	9,524
Accrued expense and other liabilities	2,151	7,652
Accounts payable and other liabilities	$ 130,450	$ 20,295

Note 15 - Variable Interest E_3

Note 15 - Variable Interest Entities (Details Textual) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2020USD ($)	Sep. 30, 2019USD ($)	Dec. 31, 2019USD ($)
Liabilities, Total	$ 6,479,768		$ 6,479,768		$ 7,952,868
Variable Interest Entity, Unavailability of Information, Number of Entities			2
Variable Interest Entity, Not Primary Beneficiary [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share, Unfunded Commitments	1,567		$ 1,567
Variable Interest Entity, Financial or Other Support, Amount	0	$ 0	0	$ 0
Liabilities, Total	$ 0		$ 0		$ 0

Note 15 - Variable Interest E_4

Note 15 - Variable Interest Entities - Carrying Value of Variable Interests in Non-consolidated Variable Interest Entities (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Other Investments, at fair value	$ 22,452	$ 14,864
Variable Interest Entity, Not Primary Beneficiary [Member]
Other Investments, at fair value	2,136	5,413
Maximum exposure	$ 2,136	$ 5,413

Note 16 - Redeemable Financia_3

Note 16 - Redeemable Financial Instruments (Details Textual) - USD ($)	Oct. 15, 2020	Sep. 30, 2020	Mar. 06, 2019	Jan. 09, 2019	Nov. 19, 2018	Oct. 03, 2016	Oct. 31, 2019	Feb. 28, 2019	Jan. 31, 2017	Sep. 30, 2020	Sep. 30, 2019	Sep. 29, 2020	Sep. 25, 2020	Dec. 31, 2019	Oct. 01, 2019	Sep. 25, 2019	Dec. 31, 2018	Sep. 29, 2017
Redeemable Financial Instruments		$ 14,457,000								$ 14,457,000				$ 16,983,000
Proceeds from Redeemable Financial Instruments											$ 1,268,000
Payments for Redeemable Financial Instruments										2,421,000
Investment Agreement [Member]
Investment Agreement, Repayment of Funded Operating Costs Before Quarterly Payments					$ 693,000
Investment Agreement [Member] | ViaNova Capital Group, LLC [Member]
Payments to Subsidiary, Investment					500,000
JKD Capital Partners I, LTD [Member]
Redeemable Financial Instruments		$ 7,957,000								$ 7,957,000				$ 7,957,000
JKD Capital Partners I, LTD [Member] | Investment Agreement [Member]
Redeemable Financial Instruments						$ 12,000,000
Proceeds from Redeemable Financial Instruments				$ 1,268,000		$ 6,000,000			$ 1,000,000
Due to Related Parties, Annual Return on Investment			50.00%
Due to Related Parties, Annual Revenue of the Business Return																	42.00%
Investment Agreement, Written Notice Period for Termination (Day)			90 days
Investment Agreement, Alternative Period of Required Prior Written Notice Contingency (Day)			60 days
Investment Agreement, Potential Consideration to Investor, Percentage on Qualified Sale			25.00%
CBF [Member] | Investment Agreement [Member]
Redeemable Financial Instruments							$ 6,500,000						$ 6,500,000					$ 8,000
Due to Related Parties, Annual Return on Investment		20.00%								20.00%		3.75%				3.75%
Due to Related Parties, Annual Revenue of the Business Return		15.29%								15.29%
Repayments of Redeemable Financial Instruments							$ 1,500,000
Due to Related Parties, Annual Return on Investment if Revenue is Zero or Less		3.75%								3.75%
CBF [Member] | Investment Agreement [Member] | Subsequent Event [Member]
Redeemable Financial Instruments	$ 4,000,000
Due to Related Parties, Annual Return on Investment	20.00%
Due to Related Parties, Annual Revenue of the Business Return	9.40%
Due to Related Parties, Annual Return on Investment if Revenue is Zero or Less	3.75%
Payments for Redeemable Financial Instruments	$ 2,500,000
CBF [Member] | Investment Agreement [Member] | Revenue Between Zero and $11,777 Thousand [Member]
Due to Related Parties, Annual Revenue of the Business Return															11.47%
CBF [Member] | Investment Agreement [Member] | Revenue in Excess of $11,777 Thousand [Member]
Due to Related Parties, Annual Revenue of the Business Return															7.65%
CBF [Member] | Investment Agreement [Member] | Revenue Between Zero and $5,333 Thousand [Member]
Due to Related Parties, Annual Revenue of the Business Return																11.47%
CBF [Member] | Investment Agreement [Member] | Revenue Between $5,333 Thousand and $8,000 Thousand [Member]
Due to Related Parties, Annual Return on Revenue of Business, Amount																$ 612,000
CBF [Member] | Investment Agreement [Member] | Revenue in Excess of $8,000 Thousand [Member]
Due to Related Parties, Annual Revenue of the Business Return																7.65%
DGC Trust [Member] | Investment Agreement [Member]
Redeemable Financial Instruments													$ 2,000,000					$ 2,000,000
Due to Related Parties, Annual Return on Investment		20.00%								20.00%					3.75%	3.75%
Due to Related Parties, Annual Revenue of the Business Return		4.71%								4.71%
Due to Related Parties, Annual Return on Investment if Revenue is Zero or Less		3.75%								3.75%
Payments for Redeemable Financial Instruments		$ 2,000,000
DGC Trust [Member] | Investment Agreement [Member] | Revenue Between Zero and $11,777 Thousand [Member]
Due to Related Parties, Annual Revenue of the Business Return															3.53%
DGC Trust [Member] | Investment Agreement [Member] | Revenue in Excess of $11,777 Thousand [Member]
Due to Related Parties, Annual Revenue of the Business Return															2.35%
DGC Trust [Member] | Investment Agreement [Member] | Revenue Between Zero and $5,333 Thousand [Member]
Due to Related Parties, Annual Revenue of the Business Return																3.53%
DGC Trust [Member] | Investment Agreement [Member] | Revenue Between $5,333 Thousand and $8,000 Thousand [Member]
Due to Related Parties, Annual Return on Revenue of Business, Amount																$ 188,000
DGC Trust [Member] | Investment Agreement [Member] | Revenue in Excess of $8,000 Thousand [Member]
Due to Related Parties, Annual Revenue of the Business Return																2.35%
Hancock Funding, LLC [Member] | Investment Agreement [Member]
Redeemable Financial Instruments					500,000
New Avenue Investments LLC [Member] | Investment Agreement [Member]
Redeemable Financial Instruments					250,000
Proceeds from Redeemable Financial Instruments								$ 220,000
JVB Holdings [Member] | Investment Agreement [Member]
Redeemable Financial Instruments					$ 2,750,000

Note 16 - Redeemable Financia_4

Note 16 - Redeemable Financial Instruments - Redeemable Financial Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Redeemable financial instruments	$ 14,457	$ 16,983
JKD Capital Partners I, LTD [Member]
Redeemable financial instruments	7,957	7,957
DGC Trust/CBF [Member]
Redeemable financial instruments	6,500	8,500
ViaNova Capital Group, LLC [Member]
Redeemable financial instruments		$ 526

Note 17 - Debt (Details Textual

Note 17 - Debt (Details Textual) - USD ($)		Feb. 03, 2020	Sep. 24, 2019	Sep. 30, 2020		Jan. 31, 2020	Dec. 31, 2019
Common Stock, Par or Stated Value Per Share (in dollars per share)				$ 0.01			$ 0.01
Redeemable Non-controlling Interest Membership Units Not Held Share Ratio				10
Junior Subordinated Debenture Owed To Unconsolidated Subsidiary Trust Net Of Ownership Interest In Trust				$ 49,614,000
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Amount				1,489,000
Edward E. Cohen IRA [Member]
Repayments of Long-term Debt, Total		$ 4,386,000
Junior Subordinated Debt [Member]
Junior Subordinated Debenture Owed To Unconsolidated Subsidiary Trust Net Of Ownership Interest In Trust				$ 49,614,000
Yield To Maturities				14.24%
Non-convertible Senior Notes 12.00% (2019 Senior Notes) [Member] | Non-convertible Senior Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage			8.00%	12.00%	[1],[2]
Debt Instrument, Interest Rate In Event of Default			9.00%	13.00%
Long-term Debt, Gross	[1]			$ 2,400,000			$ 6,786,000
Convertible Note 2017 [Member]
Debt Instrument, Convertible, Conversion Price (in dollars per share)				$ 1.45			$ 14.50
Sunset Financial Statutory Trust I [Member] | Junior Subordinated Debt [Member] | Alesco Capital Trust I [Member]
Fair Value of Common Securities Variable Interest Entities Trusts				$ 0
Non-convertible Senior Notes 12.00% (2020 Senior Notes) [Member] | Non-convertible Senior Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage				12.00%	[2]	12.00%
Debt Instrument, Face Amount						$ 4,500,000
Long-term Debt, Gross				$ 4,500,000
Non-convertible Senior Notes 12.00% (2020 Senior Notes) [Member] | Non-convertible Senior Notes [Member] | JKD Capital Partners I, LTD [Member]
Debt Instrument, Interest Rate, Stated Percentage						12.00%
Debt Instrument, Face Amount						$ 2,250,000
The 2019 FT Revolver [Member] | Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity				25,000,000
FT LOC 2018 [Member] | Credit Facility [Member]
Long-term Debt, Gross				17,500,000
Line of Credit Facility, Maximum Borrowing Capacity				7,500,000
FT Financial Bank, N.A. [Member] | Credit Facility [Member]
Long-term Debt, Gross				$ 17,500,000
[1]	On September 25, 2019, the Company amended the previously outstanding 2013 Convertible Notes, which were scheduled to mature on September 25, 2019. The material terms and conditions of the 2013 Convertible Notes remained substantially the same, except that (i) the maturity date changed from September 25, 2019 to September 25, 2020; (ii) the conversion feature in the 2013 Convertible Notes was removed; (iii) the interest rate changed from 8% per annum (9% in the event of certain events of default) to 12% per annum (13% in the event of certain events of default); and (iv) the restrictions regarding the prepayment were removed. The post amendment notes are referred to herein as the "2019 Senior Notes" and the pre-amendment notes are referred to herein as the "2013 Convertible Notes." On September 25, 2020, the 2019 Senior Notes were amended again to extend the maturity date from September 25, 2020 until September 25, 2021.
[2]	Represents the interest rate in effect as of the last day of the reporting period.

Note 17 - Debt - Detail of Debt

Note 17 - Debt - Detail of Debt (Details) - USD ($) $ in Thousands		Sep. 30, 2020		Jan. 31, 2020	Dec. 31, 2019	Sep. 24, 2019
Debt		$ 64,400			$ 48,861
Contingent Convertible Senior Notes [Member]
Less unamortized debt issuance costs		(480)			(703)
Debt		14,520			14,297
Junior Subordinated Notes [Member]
Debt	[1]	23,314			23,001
Less unamortized discount	[1]	(24,811)			(25,124)
Non-convertible Senior Notes 12.00% (2020 Senior Notes) [Member] | Non-convertible Senior Notes [Member]
Long-term Debt, Gross		$ 4,500
Interest Rate		12.00%	[2]	12.00%
Non-convertible Senior Notes 12.00% (2019 Senior Notes) [Member] | Non-convertible Senior Notes [Member]
Long-term Debt, Gross	[3]	$ 2,400			6,786
Interest Rate		12.00%	[2],[3]			8.00%
PPP Loan [Member] | Non-convertible Senior Notes [Member]
Long-term Debt, Gross		$ 2,166
Interest Rate	[2]	1.00%
Contingent Convertible Senior Notes 8.00% (2017 Convertible Note) [Member] | Contingent Convertible Senior Notes [Member]
Long-term Debt, Gross	[4]	$ 15,000			15,000
Interest Rate	[2],[4]	8.00%
Alesco Capital Trust I [Member] | Junior Subordinated Notes [Member]
Long-term Debt, Gross	[1]	$ 28,125			28,125
Interest Rate	[1],[2]	4.27%
Sunset Financial Statutory Trust I [Member] | Junior Subordinated Notes [Member]
Long-term Debt, Gross	[1]	$ 20,000			20,000
Interest Rate	[1],[2]	4.37%
FT Financial Bank, N.A. [Member] | Credit Facility [Member]
Long-term Debt, Gross		$ 17,500
Legacy Texas [Member] | Credit Facility [Member]
Long-term Debt, Gross					$ 4,777
[1]	The junior subordinated notes listed represent debt the Company owes to the two trusts noted above. The total par amount owed by the Company to the trusts is $49,614. However, the Company owns the common stock of the trusts in a total par amount of $1,489. The Company pays interest (and at maturity, principal) to the trusts on the entire $49,614 junior notes outstanding. However, the Company receives back from the trusts the pro rata share of interest and principal on the common stock held by the Company. These trusts are VIEs and the Company does not consolidate them even though the Company holds the common stock. The Company carries the common stock on its balance sheet at a value of $0. The junior subordinated notes are recorded at a discount to par. When factoring in the discount, the yield to maturity of the junior subordinated notes as of September 30, 2020 on a combined basis was 0.00% assuming the variable rate in effect on the last day of the reporting period remains in effect until maturity.
[2]	Represents the interest rate in effect as of the last day of the reporting period.
[3]	On September 25, 2019, the Company amended the previously outstanding 2013 Convertible Notes, which were scheduled to mature on September 25, 2019. The material terms and conditions of the 2013 Convertible Notes remained substantially the same, except that (i) the maturity date changed from September 25, 2019 to September 25, 2020; (ii) the conversion feature in the 2013 Convertible Notes was removed; (iii) the interest rate changed from 8% per annum (9% in the event of certain events of default) to 12% per annum (13% in the event of certain events of default); and (iv) the restrictions regarding the prepayment were removed. The post amendment notes are referred to herein as the "2019 Senior Notes" and the pre-amendment notes are referred to herein as the "2013 Convertible Notes." On September 25, 2020, the 2019 Senior Notes were amended again to extend the maturity date from September 25, 2020 until September 25, 2021.
[4]	The holder of the 2017 Convertible Note may convert all or any part of the outstanding principal amount at any time prior to maturity into units of membership interests of the Operating LLC at a conversion price of $1.45 per unit, subject to customary anti-dilution adjustments. Units of membership interests in the Operating LLC not held by Cohen & Company Inc. may, with certain restrictions, be redeemed and exchanged into shares of the Cohen & Company Inc. common stock, par value $0.01 per share ("Common Stock") on a ten-for-one basis. Therefore, the 2017 Convertible Note can be converted into Operating LLC units of membership interests and then redeemed and exchanged into Common Stock at an effective conversion price of $14.50. See note 20 to the Annual Report on Form 10-K for the year ended December 31, 2019.

Note 17 - Debt - Interest Expen

Note 17 - Debt - Interest Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Interest expense, net	$ 1,952	$ 1,536	$ 7,638	$ 5,329
Interest expense (income), net	1,952	1,536	7,638	5,329
Junior Subordinated Notes [Member]
Interest expense, net	660	860	2,233	2,624
Senior Notes 2020 [Member]
Interest expense, net	137		360
Convertible Note 2017 [Member]
Interest expense, net	379	372	1,123	1,098
Convertible 2013 Notes/ 2019 Senior Notes [Member]
Interest expense, net	73	141	264	410
FT 2018/ 2019 FT Revolver [Member]
Interest expense, net	345	91	859	273
Redeemable Financial Instrument - DGC Family Fintech Trust / CBF [Member]
Interest expense, net	124	169	1,271	578
Redeemable Financial Instrument - JKD Capital Partners I LTD [Member]
Interest expense (income), net	233	(43)	1,633	478
Redeemable Financial Instrument - ViaNova Capital Group, LLC [Member]
Interest expense (income), net	$ 1	$ (54)	$ (105)	$ (132)

Note 18 - Equity (Details Textu

Note 18 - Equity (Details Textual) $ / shares in Units, $ in Thousands	Mar. 20, 2020$ / shares	Mar. 10, 2020	Dec. 30, 2019USD ($)$ / sharesshares	Dec. 23, 2019$ / sharesshares	Jan. 01, 2011	Sep. 30, 2020USD ($)$ / sharesshares	Mar. 31, 2020USD ($)	Sep. 30, 2019USD ($)shares	Mar. 31, 2019USD ($)	Sep. 30, 2020USD ($)$ / sharesshares	Sep. 30, 2019USD ($)shares	Dec. 31, 2019$ / sharesshares	Mar. 19, 2018USD ($)	Jan. 19, 2017$ / shares
Preferred Stock, Shares Outstanding, Ending Balance (in shares)						27,413,098				27,413,098		27,413,098
Preferred Stock, Shares Authorized (in shares)						60,000,000				60,000,000		60,000,000
Preferred Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares						$ 0.001				$ 0.001		$ 0.001
Ratio of Common Stock To Membership Units					0.1
Minority Interest, Increase (Decrease) Related to Units of Consolidated Subsidiary | $										$ 392	$ 119
Stock Repurchased and Retired During Period, Shares (in shares)										42,600
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares						$ 0.01				$ 0.01		$ 0.01
Increase (decrease) other investments | $			$ 7,779
Plan 10b5-1 [Member]
Stock Repurchase Program, Authorized Amount | $													$ 2,000
Stock Repurchased and Retired During Period, Shares (in shares)						42,600				42,600
Treasury Stock, Value, Acquired, Par Value Method | $						$ 746		$ 0		$ 746	$ 65
Treasury Stock, Shares, Acquired (in shares)								0			7,890
The 2020 Rights Agreement [Member]
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares						$ 100				$ 100
Repurchase of Warrants, Price per Share (in dollars per share) | $ / shares										200
Share Price (in dollars per share) | $ / shares						$ 20				$ 20
Class of Warrant or Right, Number of Securities Called by Each Warrant or Right (in shares)						10				10
Voting Power, Percentage						50.00%				50.00%
Percentage of Purchase Price Required for Adjustments										1.00%
Number of Fractal Units Issued (in shares)										0
Preferred Stock, Redemption Price Per Share (in dollars per share) | $ / shares						$ 0.001				$ 0.001
Noncontrolling Interest [Member]
Minority Interest, Increase (Decrease) Related to Units of Consolidated Subsidiary | $						$ 277	115		(119)	$ 392
Noncontrolling Interest [Member] | IMXI [Member] | Tranche One [Member]
Share Price (in dollars per share) | $ / shares														$ 15
Noncontrolling Interest [Member] | IMXI [Member] | Tranche Two [Member]
Share Price (in dollars per share) | $ / shares														$ 17
Additional Paid-in Capital [Member]
Minority Interest, Increase (Decrease) Related to Units of Consolidated Subsidiary | $						(294)	(123)		133	(417)	$ 133
AOCI Attributable to Parent [Member]
Minority Interest, Increase (Decrease) Related to Units of Consolidated Subsidiary | $						$ 17	$ 8		$ (14)	$ 25	$ (14)
SPA, Daniel G. Cohen And DGC Trust [Member]
Class of Warrant or Right, Exercise Trigger, Percentage of Common Stock Owned by Individual or Affiliates										19.99%
Daniel G. Cohen [Member]
Stock Issued During Period, Value, New Issues | $			4,351
Daniel G. Cohen [Member] | DGC Trust [Member]
Stock Issued During Period, Value, New Issues | $			$ 3,428
COHN, LLC [Member] | Noncontrolling Interest [Member] | IMXI [Member]
Minority Interest, Shares Issued (in shares)			662,361
COHN, LLC [Member] | Noncontrolling Interest [Member] | IMXI [Member] | Tranche One [Member]
Shares Subject To Certain Restrictions On Transfer (in shares)			264,021
COHN, LLC [Member] | Noncontrolling Interest [Member] | IMXI [Member] | Tranche Two [Member]
Shares Subject To Certain Restrictions On Transfer (in shares)			264,023
Series E Preferred Stock [Member]
Ratio of Shares To Vote										10
Preferred Stock, Shares Outstanding, Ending Balance (in shares)						4,983,557				4,983,557
Series F Preferred Stock [Member]
Ratio of Shares To Vote				10
Preferred Stock, Shares Authorized (in shares)				25,000,000
Preferred Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares				$ 0.001
Series F Preferred Stock [Member] | Mr. Cohen [Member]
Stock Issued During Period, Shares, New Issues (in shares)				12,549,273
Series F Preferred Stock [Member] | DGC Trust [Member]
Stock Issued During Period, Shares, New Issues (in shares)				9,880,268
Series F Preferred Stock [Member] | SPA, Daniel G. Cohen And DGC Trust [Member] | Noncontrolling Interest [Member]
Minority Interest, Shares Issued (in shares)			22,429,541									22,429,541
Series F Preferred Stock [Member] | Daniel G. Cohen [Member] | COHN, LLC [Member]
Minority Interest, Shares Issued (in shares)			370,881
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares			$ 0.00001
Series F Preferred Stock [Member] | IMXI and COHN, LLC [Member] | COHN, LLC [Member]
Minority Interest, Shares Issued (in shares)			662,361
Series F Preferred Stock [Member] | IMXI and COHN, LLC [Member] | DGC Trust [Member]
Minority Interest, Shares Issued (in shares)			291,480
Series C Junior Participating Preferred Stock [Member]
Preferred Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares	$ 0.001
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares	$ 100
Class of Warrant or Right, Exercise Trigger, Percentage of Common Stock Owned by Individual or Affiliates	4.95%	4.95%

Note 18 - Equity - Schedule of

Note 18 - Equity - Schedule of Unrestricted Common Stock Activity (Details)	9 Months Ended
	Sep. 30, 2020shares
Common stock shares (in shares)	1,119,909
Vesting of shares (in shares)	55,278
Shares withheld for employee taxes and retired (in shares)	(15,043)
Repurchase and retirement of Common Stock (in shares)	(42,600)
Common stock shares (in shares)	1,117,544

Note 18 - Equity - Operating LL

Note 18 - Equity - Operating LLC Membership Units (Details) - Unit Issuance and Surrender Agreement [Member]	9 Months Ended
	Sep. 30, 2020shares
Units related to UIS Agreement (in shares)	402,350
Units surrendered from retirement of Common Stock (in shares)	(426,000)
Units related to UIS Agreement (in shares)	(23,650)

Note 18 - Equity - Schedule o_2

Note 18 - Equity - Schedule of Effects of Changes in Ownership Interest Subsidiary (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Net income (loss) attributable to Cohen & Company Inc.	$ 1,655	$ (1,216)	$ (546)	$ (2,828)
Increase / (decrease) in Cohen & Company, Inc. paid in capital for the acquisition / (surrender) of additional units in consolidated subsidiary, net			(417)	133
Changes from net income / (loss) attributable to Cohen & Company Inc. and transfers (to) from the non-controlling interest			$ (963)	$ (2,695)

Note 19 - Net Capital Require_2

Note 19 - Net Capital Requirements (Details Textual) $ in Thousands	Sep. 30, 2020USD ($)
JVB's [Member]
Broker-Dealer, Net Capital, Total	$ 71,092
Broker-Dealer, Excess Net Capital, 1500 Percent, Aggregate Indebtedness Standard, Total	70,842
CCFEL [Member]
Broker-Dealer, Net Capital, Total	1,156
Broker-Dealer, Excess Net Capital, 1500 Percent, Aggregate Indebtedness Standard, Total	481
Broker-Dealer, Minimum Net Capital Required, Aggregate Indebtedness Standard, Total	675
CCFL [Member]
Broker-Dealer, Net Capital, Total	621
Broker-Dealer, Excess Net Capital, 1500 Percent, Aggregate Indebtedness Standard, Total	443
Broker-Dealer, Minimum Net Capital Required, Aggregate Indebtedness Standard, Total	$ 178

Note 20 - Earnings (Loss) Per_3

Note 20 - Earnings (Loss) Per Common Share (Details Textual)	9 Months Ended
	Sep. 30, 2020
Redeemable Non-controlling Interest Membership Units Not Held Share Ratio	10

Note 20 - Earnings (Loss) Per_4

Note 20 - Earnings (Loss) Per Common Share- Earnings (Loss) Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Net income / (loss) attributable to Cohen & Company Inc.		$ 1,655	$ (1,216)	$ (546)	$ (2,828)
Add/ (deduct): Income / (loss) attributable to non-controlling interest attributable to Operating LLC membership (1)	[1]	2,542	(645)	(2,874)	(1,754)
Add: Interest expense incurred on dilutive convertible notes		379
Add / (deduct): Adjustment (2)	[2]	1,503	79	1,536	430
Net income / (loss) on a fully converted basis		$ 6,079	$ (1,782)	$ (1,884)	$ (4,152)
Weighted average shares outstanding-basic (in shares)		1,146,941	1,143,909	1,151,321	1,140,328
Unrestricted Operating LLC membership units exchangeable into Cohen & Company, Inc. shares (1) (in shares)	[1]	2,802,863	532,409	2,799,842	532,409
Restricted units or shares (in shares)		131,296
Shares issuable upon conversion of dilutive convertible notes (in shares)		1,034,483
Weighted average shares outstanding-diluted (in shares)	[3]	5,115,583	1,676,318	3,951,163	1,672,737
Basic income (loss) per common share (in dollars per share)		$ 1.44	$ (1.06)	$ (0.47)	$ (2.48)
Diluted income (loss) per common share (in dollars per share)		$ 1.19	$ (1.06)	$ (0.48)	$ (2.48)
[1]	The Operating LLC units of membership interest not held by Cohen & Company Inc. (that is, those held by the noncontrolling interest) may be redeemed and exchanged into shares of the Company on a ten-for-one basis. The Operating LLC units of membership interests not held by Cohen & Company Inc. are redeemable, at the member's option at any time, for (i) cash in an amount equal to the average of the per share closing prices of the Common Stock for the ten consecutive trading days immediately preceding the date the Company receives the member's redemption notice, or (ii) at the Company's option, one tenth of a share of the Common Stock, subject, in each case, to appropriate adjustment upon the occurrence of an issuance of additional shares of the Common Stock as a dividend or other distribution on the outstanding Common Stock, or a further subdivision or combination of the outstanding shares of the Common Stock. These units are not included in the computation of basic earnings per share. These units enter into the computation of diluted net income (loss) per common share when the effect is not anti-dilutive using the if-converted method.
[2]	An adjustment is included because the Company would have incurred a higher income tax expense or realized a higher income tax benefit, as applicable, if the Operating LLC units of membership interests had been converted at the beginning of the period.
[3]	Potentially diluted securities that were not included in the diluted per share calculations because they would be anti-dilutive were as follows: Three Months Ended September 30, 2020 Nine Months Ended September 30, 2020 2019 2020 2019 2017 Convertible Note - 1,034,483 1,034,483 1,034,483 2013 Convertible Notes - 528,590 - 553,176 Restricted Common Stock - - 37,572 19,728 Restricted Operating LLC units - - 29,144 - - 1,563,073 1,101,199 1,607,387

Note 20 - Earnings (Loss) Per_5

Note 20 - Earnings (Loss) Per Common Share - Schedule of Anti-Dilutive Securities (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Antidilutive securities excluded from computation of earnings per share (in shares)		1,563,073	1,101,199	1,607,387
Contingent Convertible Senior Notes 8.00% (2017 Convertible Note) [Member]
Antidilutive securities excluded from computation of earnings per share (in shares)		1,034,483	1,034,483	1,034,483
Contingent Convertible Senior Notes 8% (2013 Convertible Notes) [Member
Antidilutive securities excluded from computation of earnings per share (in shares)		528,590		553,176
Restricted Stock [Member]
Antidilutive securities excluded from computation of earnings per share (in shares)			37,572	19,728
Restricted Operating LLC Units [Member]
Antidilutive securities excluded from computation of earnings per share (in shares)			29,144

Note 21 - Commitments and Con_2

Note 21 - Commitments and Contingencies (Details Textual) $ in Billions	Sep. 30, 2020USD ($)
JVB Holdings [Member]
Loss Contingency, Estimate of Possible Loss	$ 1

Note 22 - Segment and Geograp_3

Note 22 - Segment and Geographic Information - Statements of Operations Information (Details) - USD ($) $ in Thousands		3 Months Ended						9 Months Ended
		Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2020	Sep. 30, 2019
Net trading		$ 16,957			$ 8,479			$ 55,524	$ 25,873
Principal transactions and other income		2,768			520			2,783	1,688
Revenues, Total		21,856			11,267			63,745	33,576
Salaries/Wages		10,965			7,017			36,423	19,813
Other Operating Expense		4,819			4,693			14,886	13,756
Goodwill, Impairment Loss								7,883
Total operating expenses		15,784			11,710			59,192	33,569
Operating income (loss)		6,072			(443)			4,553	7
Interest income (expense)		(1,952)			(1,536)			(7,638)	(5,329)
Income (loss) from equity method affiliates		(1,371)			(109)			(2,711)	(365)
Income (loss) before income taxes		2,749			(2,088)			(5,796)	(5,687)
Income tax expense (benefit)		(594)			(170)			(623)	(917)
Net income (loss)		3,343	$ 3,269	$ (11,785)	(1,918)	$ (1,028)	$ (1,824)	(5,173)	(4,770)
Less: Net income (loss) attributable to the non-controlling interest		1,688			(702)			(4,627)	(1,942)
Net income (loss) attributable to Cohen & Company Inc.		1,655			(1,216)			(546)	(2,828)
Depreciation and amortization (included in total operating expense)		85			80			249	239
Asset Management [Member]
Revenues		1,631			2,018			4,938	5,765
New Issue and Advisory [Member]
Revenues		500			250			500	250
Operating Segments [Member]
Net trading		16,957			8,479			55,524	25,873
Principal transactions and other income		2,768			520			2,783	1,688
Revenues, Total		21,856			11,267			63,745	33,576
Salaries/Wages		9,931			6,168			33,102	17,396
Other Operating Expense		3,707			3,706			11,115	10,636
Goodwill, Impairment Loss								7,883
Total operating expenses		13,638			9,874			52,100	28,032
Operating income (loss)		8,218			1,393			11,645	5,544
Interest income (expense)		(345)			(36)			(754)	(140)
Income (loss) from equity method affiliates		(1,371)			(109)			(2,711)	(365)
Income (loss) before income taxes		6,502			1,248			8,180	5,039
Income tax expense (benefit)
Net income (loss)		6,502			1,248			8,180	5,039
Less: Net income (loss) attributable to the non-controlling interest
Net income (loss) attributable to Cohen & Company Inc.		6,502			1,248			8,180	5,039
Depreciation and amortization (included in total operating expense)		5			6			15	15
Operating Segments [Member] | Asset Management [Member]
Revenues		1,631			2,018			4,938	5,765
Operating Segments [Member] | New Issue and Advisory [Member]
Revenues		500			250			500	250
Operating Segments [Member] | Capital Markets [Member]
Net trading		16,957			8,479			55,524	25,873
Principal transactions and other income								6	2
Revenues, Total		17,457			8,729			56,030	26,125
Salaries/Wages		8,880			5,148			29,840	14,323
Other Operating Expense		3,074			3,013			9,309	8,515
Goodwill, Impairment Loss								7,883
Total operating expenses		11,954			8,161			47,032	22,838
Operating income (loss)		5,503			568			8,998	3,287
Interest income (expense)		(345)			(36)			(754)	(140)
Income (loss) from equity method affiliates
Income (loss) before income taxes		5,158			532			8,244	3,147
Income tax expense (benefit)
Net income (loss)		5,158			532			8,244	3,147
Less: Net income (loss) attributable to the non-controlling interest
Net income (loss) attributable to Cohen & Company Inc.		5,158			532			8,244	3,147
Depreciation and amortization (included in total operating expense)		4			5			13	13
Operating Segments [Member] | Capital Markets [Member] | Asset Management [Member]
Revenues
Operating Segments [Member] | Capital Markets [Member] | New Issue and Advisory [Member]
Revenues		500			250			500	250
Operating Segments [Member] | Asset Management Segment [Member]
Net trading
Principal transactions and other income		151			157			365	379
Revenues, Total		1,782			2,175			5,303	6,144
Salaries/Wages		1,051			1,020			3,262	3,073
Other Operating Expense		583			592			1,654	1,821
Goodwill, Impairment Loss
Total operating expenses		1,634			1,612			4,916	4,894
Operating income (loss)		148			563			387	1,250
Interest income (expense)
Income (loss) from equity method affiliates		217						517
Income (loss) before income taxes		365			563			904	1,250
Income tax expense (benefit)
Net income (loss)		365			563			904	1,250
Less: Net income (loss) attributable to the non-controlling interest
Net income (loss) attributable to Cohen & Company Inc.		365			563			904	1,250
Depreciation and amortization (included in total operating expense)		1			1			2	2
Operating Segments [Member] | Asset Management Segment [Member] | Asset Management [Member]
Revenues		1,631			2,018			4,938	5,765
Operating Segments [Member] | Asset Management Segment [Member] | New Issue and Advisory [Member]
Revenues
Operating Segments [Member] | Principal Investing [Member]
Net trading
Principal transactions and other income		2,617			363			2,412	1,307
Revenues, Total		2,617			363			2,412	1,307
Salaries/Wages
Other Operating Expense		50			101			152	300
Goodwill, Impairment Loss
Total operating expenses		50			101			152	300
Operating income (loss)		2,567			262			2,260	1,007
Interest income (expense)
Income (loss) from equity method affiliates		(1,588)			(109)			(3,228)	(365)
Income (loss) before income taxes		979			153			(968)	642
Income tax expense (benefit)
Net income (loss)		979			153			(968)	642
Less: Net income (loss) attributable to the non-controlling interest
Net income (loss) attributable to Cohen & Company Inc.		979			153			(968)	642
Depreciation and amortization (included in total operating expense)
Operating Segments [Member] | Principal Investing [Member] | Asset Management [Member]
Revenues
Operating Segments [Member] | Principal Investing [Member] | New Issue and Advisory [Member]
Revenues
Segment Reconciling Items [Member]
Net trading	[1]
Principal transactions and other income	[1]
Revenues, Total	[1]
Salaries/Wages	[1]	1,034			849			3,321	2,417
Other Operating Expense		1,112			987			3,771	3,120
Goodwill, Impairment Loss	[1]
Total operating expenses	[1]	2,146			1,836			7,092	5,537
Operating income (loss)	[1]	(2,146)			(1,836)			(7,092)	(5,537)
Interest income (expense)	[1]	(1,607)			(1,500)			(6,884)	(5,189)
Income (loss) from equity method affiliates	[1]
Income (loss) before income taxes	[1]	(3,753)			(3,336)			(13,976)	(10,726)
Income tax expense (benefit)	[1]	(594)			(170)			(623)	(917)
Net income (loss)	[1]	(3,159)			(3,166)			(13,353)	(9,809)
Less: Net income (loss) attributable to the non-controlling interest	[1]	1,688			(702)			(4,627)	(1,942)
Net income (loss) attributable to Cohen & Company Inc.	[1]	(4,847)			(2,464)			(8,726)	(7,867)
Depreciation and amortization (included in total operating expense)	[1]	80			74			234	224
Segment Reconciling Items [Member] | Asset Management [Member]
Revenues	[1]
Segment Reconciling Items [Member] | New Issue and Advisory [Member]
Revenues	[1]
[1]	Unallocated includes certain expenses incurred by indirect overhead and support departments (such as the executive, finance, legal, information technology, human resources, risk, compliance, and other similar overhead and support departments). Some of the items not allocated include: (1) operating expenses (such as cash compensation and benefits, equity-based compensation expense, professional fees, travel and entertainment, consulting fees, and rent) related to support departments excluding certain departments that directly support the Capital Markets business segment; (2) interest expense on debt; and (3) income taxes. Management does not consider these items necessary for an understanding of the operating results of these business segments and such amounts are excluded in business segment reporting to the chief operating decision maker.

Note 22 - Segment and Geograp_4

Note 22 - Segment and Geographic Information - Balance Sheet Date (Details) - USD ($) $ in Thousands		Sep. 30, 2020	Dec. 31, 2019
Total Assets		$ 6,527,551	$ 8,001,624
Investments in equity method affiliates		7,776	3,799
Goodwill	[1]	109	7,992
Intangible assets (2)	[1]	166	166
Operating Segments [Member]
Total Assets		6,511,798	7,988,796
Investments in equity method affiliates		7,776	3,799
Goodwill	[1]	109	7,992
Intangible assets (2)	[1]	166	166
Segment Reconciling Items [Member]
Total Assets	[2]	15,753	12,828
Investments in equity method affiliates	[2]
Goodwill	[1],[2]
Intangible assets (2)	[1],[2]
Capital Markets [Member] | Operating Segments [Member]
Total Assets		6,480,005	7,968,491
Investments in equity method affiliates
Goodwill	[1]	54	7,937
Intangible assets (2)	[1]	166	166
Asset Management Segment [Member] | Operating Segments [Member]
Total Assets		1,513	1,616
Investments in equity method affiliates
Goodwill	[1]	55	55
Intangible assets (2)	[1]
Principal Investing [Member] | Operating Segments [Member]
Total Assets		30,280	18,689
Investments in equity method affiliates		7,776	3,799
Goodwill	[1]
Intangible assets (2)	[1]
[1]	Goodwill and intangible assets are allocated to the Capital Markets and Asset Management business segments as indicated in the table above.
[2]	Unallocated assets primarily include: (1) amounts due from related parties; (2) furniture and equipment, net; and (3) other assets that are not considered necessary for an understanding of business segment assets. Such amounts are excluded in business segment reporting to the chief operating decision maker.

Note 22 - Segment and Geograp_5

Note 22 - Segment and Geographic Information - Geographic Data (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Total revenue	$ 21,856	$ 11,267	$ 63,745	$ 33,576
UNITED STATES
Total revenue	20,775	10,152	61,131	30,545
United Kingdom & Other [Member]
Total revenue	$ 1,081	$ 1,115	$ 2,614	$ 3,031

Note 23 - Supplemental Cash F_2

Note 23 - Supplemental Cash Flow Disclosure (Details Textual) - USD ($) $ in Thousands	Jan. 01, 2019	Sep. 30, 2020	Mar. 31, 2020	Mar. 31, 2019	Sep. 30, 2020	Sep. 30, 2019	Aug. 22, 2020	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019	Dec. 31, 2018
Interest Paid, Excluding Capitalized Interest, Operating Activities					$ 7,225	$ 5,637
Income Taxes Paid					195	30
Proceeds from Income Tax Refunds					12	48
Minority Interest, Increase (Decrease) Related to Units of Consolidated Subsidiary					392	119
Increase (Decrease) Due To Recorded Interest Income In Redeemable Financial Instruments					105	176
Operating Lease, Right-of-Use Asset		6,340			6,340				$ 7,155
Operating Lease, Liability, Total		6,824			6,824				7,693
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance		47,783	36,913	42,736	47,783	39,700		$ 40,379	48,756	$ 41,580	$ 42,438
Increase (Decrease) in Other Receivables					(43,043)	(6,141)
Collateralized Financings, Total		125,294			125,294				9,524
Net Cash Provided by (Used in) Operating Activities, Total					115,288	(9,152)
Inflow Included in Cash Provided by Operating Activities Due to Increase in Cash Collateral Held					115,770
Cumulative Effect, Period of Adoption, Adjustment [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance											(20)
Accounting Standards Update 2016-02 [Member]
Operating Lease, Right-of-Use Asset	$ 8,416
Operating Lease, Liability, Total	8,860
Increase (Decrease) in Other Receivables	18
Increase (Decrease) in Other Operating Liabilities, Total	(406)
Accounting Standards Update 2016-02 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance	$ 20
JVB Holdings [Member]
Other Investment Not Readily Marketable, Fair Value							$ 2,243
Additional Paid-in Capital [Member]
Minority Interest, Increase (Decrease) Related to Units of Consolidated Subsidiary		(294)	(123)	133	(417)	133
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance		67,675	68,622	68,689	67,675	68,949		68,669	68,714	68,819	68,591
Additional Paid-in Capital [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance
AOCI Attributable to Parent [Member]
Minority Interest, Increase (Decrease) Related to Units of Consolidated Subsidiary		17	8	(14)	25	(14)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance		$ (883)	$ (936)	$ (916)	$ (883)	$ (1,009)		$ (925)	$ (915)	$ (904)	(908)
AOCI Attributable to Parent [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance

Note 24 - Related Party Trans_3

Note 24 - Related Party Transactions (Details Textual) - USD ($) $ in Thousands	Oct. 13, 2020	Sep. 30, 2020	Feb. 03, 2020	Jan. 31, 2020	Dec. 30, 2019	Sep. 29, 2017	Oct. 03, 2016	Aug. 28, 2015	Oct. 31, 2020	Oct. 31, 2019	Mar. 31, 2019	Jan. 31, 2019	Jul. 31, 2018	Jan. 31, 2017	Sep. 30, 2013	Sep. 30, 2020	Jun. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019	Dec. 31, 2018
Preferred Stock, Shares Issued, Total (in shares)		27,413,098														27,413,098			27,413,098		27,413,098
Redeemable Financial Instruments		$ 14,457														$ 14,457			$ 14,457		$ 16,983
Due from Related Parties, Total		958														958			958		466
Equity Method Investments		7,776														7,776			$ 7,776		$ 3,799
Defined Contribution Plan, Employer Matching Contribution, Percent of Match																			50.00%
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay																			3.00%
Defined Benefit Plan, Plan Assets, Contributions by Employer																	$ 48	$ 50	$ 230	$ 219
CK Capital Partners B.V. [Member]
Equity Method Investment, Ownership Percentage																					45.00%
Equity Method Investment, Quoted Market Value																					$ 18
Equity Method Investments		38														38			38
AOI [Member]
Equity Method Investment, Ownership Percentage																					10.00%
Equity Method Investment, Quoted Market Value																					$ 1
Equity Method Investments		$ 4,463														$ 4,463			$ 4,463
SPAC Fund [Member]
Equity Method Investment, Ownership Percentage		1.50%														1.50%			1.50%
U.S. Insurance JV [Member]
Equity Method Investment, Ownership Percentage		4.66%														4.66%			4.66%
Insurance SPAC [Member]
Equity Method Investments		$ 84														$ 84			$ 84		3,222
FTAC Olympus [Member]
Equity Method Investment, Shares Purchased (in shares)																			600,000
Equity Method Investment, Aggregate Cost		2														2			$ 2
Equity Method Investment, Additional Shares Received for Services (in shares)																			30,000
Equity Method Investments		$ 40														$ 40			$ 40
COHN, LLC [Member] | FinTech Acquisition Corp II [Member]
Related Party Transaction, Amounts of Transaction													$ 2,513
Sponsor Entities [Member] | Insurance SPAC [Member]
Equity Method Investment, Ownership Percentage		26.50%														26.50%			26.50%
Operating LLC [Member] | Insurance SPAC II [Member]
Noncontrolling Interest, Increase from Subsidiary Equity Issuance																			$ 4,550
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners		45.50%														45.50%			45.50%
TBBK [Member]
Related Party Transaction, Expenses from Transactions with Related Party																			$ 0		0
Interest Expense, Related Party																$ 0		0	0	0
Daniel G. Cohen [Member]
Legal Fees					$ 6
Stock Issued During Period, Value, New Issues					$ 4,351
Daniel G. Cohen [Member] | CK Capital Partners B.V. [Member]
Equity Method Investment, Quoted Market Value																					$ 17
Daniel G. Cohen [Member] | Series F Preferred Stock [Member] | COHN, LLC [Member]
Minority Interest, Shares Issued (in shares)					370,881
Preferred Stock, Shares Issued, Total (in shares)					12,549,273																12,549,273
CBF Cohen Bros. Financial [Member]
Related Party Transaction, Amounts of Transaction						$ 8,000
DGC Trust/CBF [Member]
Related Party Transaction, Amounts of Transaction						10,000
Related Party Transaction, Purchases from Related Party										$ 1,500
Redeemable Financial Instruments		$ 6,500														6,500			6,500		$ 8,500
Payments to Extinguish Redeemable Financial Instrument		2,000
DGC Trust/CBF [Member] | Subsequent Event [Member]
Related Party Transaction, Purchases from Related Party									$ 2,500
Redeemable Financial Instruments									$ 4,000
EBC Family Trust [Member]
Related Party Transaction, Amounts of Transaction															$ 4,000
Notes Payable, Related Parties															2,400
Stock Issued During Period, Value, New Issues															$ 1,600
Edward E. Cohen IRA [Member] | Contingent Convertible Senior Notes [Member]
Related Party Transaction, Convertible Notes Purchased Between Related Parties								$ 4,386
Repayments of Related Party Debt			$ 4,386
JKD Capital Partners I, LTD [Member]
Related Party Transaction, Amounts of Transaction				$ 2,250
Redeemable Financial Instruments		7,957														7,957			7,957		7,957
Investments In and Advance To Affiliates Amount Of Equity							$ 6,000					$ 1,268		$ 1,000
DGC Trust [Member]
Related Party Transaction, Amounts of Transaction						$ 2,000
DGC Trust [Member] | IMXI [Member] | Common Stock [Member]
Investment Owned, Balance, Shares (in shares)					291,480
Investment Owned, at Fair Value					$ 3,428
DGC Trust [Member] | Series F Preferred Stock [Member]
Preferred Stock, Shares Issued, Total (in shares)					9,880,268
FinTech Masala [Member]
Consulting Fees Per Month													$ 1
Betsy Cohen [Member] | Sponsor Entities [Member]
Investments In and Advance To Affiliates Amount Of Equity											$ 2
Insurance SPAC [Member]
Due from Related Parties, Total		650														650			650
Insurance SPAC [Member] | Subsequent Event [Member]
Proceeds from Related Party Debt	$ 650
Insurance SPAC [Member] | Operating LLC [Member]
Service Fees, Per Month		10														10			10
Insurance SPAC II [Member]
Related Party Transactions, Agreed Amount To Lend		750														750			750
Due from Related Parties, Total		0														0			0
Insurance SPAC II [Member] | Operating LLC [Member]
Service Fees, Per Month		$ 20														20			20
FinTech Acquisition Corp III [Member] | COHN, LLC [Member]
Investment Owned, Balance, Shares (in shares)																						23,000
Zucker and Moore, LLC [Member]
Related Party Transaction, Expenses from Transactions with Related Party																$ 24		$ 24	$ 72	$ 72

Note 24 - Related Party Trans_4

Note 24 - Related Party Transactions - Routine Transactions Recognized in the Statements of Operations (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Asset management	$ 199	$ 96	$ 430	$ 545
Principal transactions and other income	126	42	189	496
Earnings / (loss) realized	(1,371)	(109)	(2,711)	(365)
Operating expense (income)	195	75	823	228
Interest expense (income)	875	639	4,471	2,564
TBBK [Member]
Net trading		7		11
EuroDekania Management Limited [Member]
Asset management				236
Principal transactions and other income		(2)		279
SPAC Fund [Member]
Asset management	99	35	149	98
Principal transactions and other income	49	(19)	77	30
U.S. Insurance JV [Member]
Asset management	100	61	281	211
Principal transactions and other income	22	31	(8)	114
Fintech III Sponsor [Member]
Principal transactions and other income	3	2	8	8
FTAC Olympus Sponsor [Member]
Principal transactions and other income	2		2
Earnings / (loss) realized	(2)		(2)
Insurance SPAC [Member]
Principal transactions and other income	30	30	90	65
Earnings / (loss) realized	(1,498)	(109)	(3,138)	(365)
Insurance SPAC II [Member]
Principal transactions and other income	20		20
Earnings / (loss) realized	(88)		(88)
AOI [Member]
Earnings / (loss) realized	136		194
CK Capital Partners B.V. [Member]
Earnings / (loss) realized	81		323
Duane Morris [Member]
Operating expense (income)	206	86	856	251
FinTech Masala [Member]
Operating expense (income)	(11)	(11)	(33)	(23)
CBF [Member]
Interest expense (income)	94	135	971	462
DGC Trust [Member]
Interest expense (income)	408	406	1,423	1,214
EBC [Member]
Interest expense (income)	72	50	216	145
Edward E. Cohen IRA [Member]
Interest expense (income)		91	48	265
JKD Capital Partners I, LTD [Member]
Interest expense (income)	$ 301	$ (43)	$ 1,813	$ 478

Note 25 - Due From Due To Rel_3

Note 25 - Due From Due To Related Parties (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Due from related parties	$ 958	$ 466
Employees & Other [Member]
Due from related parties	308	466
Insurance SPAC [Member]
Due from related parties	$ 650

Note 26 - Subsequent Events (De

Note 26 - Subsequent Events (Details Textual) - USD ($)	Oct. 28, 2020	Jan. 29, 2019
FT Financial Bank, N.A. [Member] | JVB's [Member] | Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity		$ 25,000,000
Byline Bank [Member] | Credit Facility [Member] | JVB's [Member] | October 29, 2020 Through December 31, 2021 [Member]
Debt Instrument, Covenant, Minimum Tangible Net Worth	$ 80,000,000
Byline Bank [Member] | Credit Facility [Member] | JVB's [Member] | January 1, 2022 and Thereafter [Member]
Debt Instrument, Covenant, Minimum Tangible Net Worth	$ 85,000,000
Subsequent Event [Member] | JVB Holdings [Member] | JVB's [Member]
Noncontrolling Interest, Ownership Percentage by Parent	100.00%
Subsequent Event [Member] | Byline Bank [Member] | Loan Agreement [Member] | JVB's [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 7,500,000
Subsequent Event [Member] | Byline Bank [Member] | Revolving Note and Cash Subordination Agreement [Member] | JVB's [Member]
Line of Credit Facility, Maximum Borrowing Capacity	17,500,000
Subsequent Event [Member] | Byline Bank [Member] | Credit Facility [Member] | JVB's [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 25,000,000
Debt Instrument, Minimum Interest Rate	7.00%
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.50%
Line of Credit Facility, Commitment Fee Percentage	0.50%
Line of Credit Facility, Commitment Fee Amount	$ 250,000
Line of Credit Facility, Minimum Request in Reduction of Maximum Borrowing Capacity	1,000,000
Line of Credit Facility, Reduction in Maximum Borrowing Capacity, Increments After Minimum	$ 500,000
Line of Credit Facility, Reduction in Maximum Borrowing Capacity, Notice Period (Day)	5 days
Debt Instrument, Covenant, Minimum Excess Net Capital	$ 40,000,000
Subsequent Event [Member] | Byline Bank [Member] | Credit Facility [Member] | JVB's [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate	6.00%