Cohen & Company (COHN) 10-Q 4 Aug 22 2022 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2022	Aug. 01, 2022
Document Information [Line Items]
Entity Central Index Key	0001270436
Entity Registrant Name	Cohen & Co Inc.
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2022
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2022
Document Transition Report	false
Entity File Number	001-32026
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	16-1685692
Entity Address, Address Line One	Cira Centre 2929 Arch Street, Suite 1703
Entity Address, City or Town	Philadelphia
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	19104
City Area Code	215
Local Phone Number	701-9555
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	COHN
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding		1,716,942

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands		Jun. 30, 2022	Dec. 31, 2021
Assets
Cash and cash equivalents		$ 50,068	$ 50,567
Receivables from brokers, dealers, and clearing agencies		141,798	68,392
Due from related parties		1,834	4,581
Other receivables		6,643	3,203
Investments-trading		201,924	223,865
Other Investments, Fair Value Disclosure		37,558	56,033
Receivables under resale agreements		1,792,325	3,175,645
Investments in equity method affiliates		14,369	48,238
Deferred income taxes		10,151	11,513
Goodwill	[1]	109	109
Right-of-use asset - operating leases		10,534	10,273
Other assets		3,782	3,885
Total assets		2,271,095	3,656,304
Liabilities
Payables to brokers, dealers, and clearing agencies		137,877	160,896
Accounts payable and other liabilities		33,477	22,819
Accrued compensation		13,678	22,577
Trading securities sold, not yet purchased		141,549	62,512
Other investments sold, not yet purchased		128	2,488
Securities sold under agreements to repurchase		1,790,469	3,171,415
Lease liability - operating leases		11,190	10,813
Redeemable financial instruments		7,957	7,957
Debt		28,737	43,394
Total liabilities		2,165,062	3,504,871
Commitments and contingencies (See note 21)
Stockholders' Equity:
Voting Non-Convertible Preferred Stock, $0.001 par value per share, 50,000,000 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, 1,716,942 and 1,697,443 shares issued and outstanding, respectively, including 288,059 and 366,293 unvested or restricted share awards, respectively		17	17
Additional paid-in capital		72,174	72,006
Accumulated other comprehensive loss		(972)	(905)
Accumulated deficit		(20,516)	(9,204)
Total stockholders' equity		50,730	61,941
Non-controlling interest		55,303	89,492
Total equity		106,033	151,433
Total liabilities and equity		$ 2,271,095	$ 3,656,304
[1]Goodwill and intangible assets are allocated to the Capital Markets and Asset Management business segments as indicated in the table from above.

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Jun. 30, 2022	Dec. 31, 2021
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	50,000,000	50,000,000
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)	1,716,942	1,697,443
Common stock, shares outstanding (in shares)	1,716,942	1,697,443
Common stock, unvested or restricted share awards (in shares)	288,059	366,293

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenues
Net trading		$ 10,377	$ 18,399	$ 22,399	$ 37,582
Principal transactions and other income (loss)		(6,602)	(11,021)	(24,965)	68,540
Total revenues		9,154	10,066	8,472	112,742
Operating expenses
Compensation and benefits		12,214	14,190	26,093	40,837
Business development, occupancy, equipment		1,295	787	2,543	1,506
Subscriptions, clearing, and execution		1,972	2,374	3,913	5,164
Professional fee and other operating		1,692	1,701	3,688	3,695
Depreciation and amortization		143	87	275	168
Total operating expenses		17,316	19,139	36,512	51,370
Operating income (loss)		(8,162)	(9,073)	(28,040)	61,372
Non-operating income (expense)
Interest expense, net		(1,106)	(1,782)	(2,457)	(3,796)
Income (loss) from equity method affiliates		(3,044)	5,490	(15,148)	4,655
Other non-operating income		0	2,127	0	2,127
Income (loss) before income tax expense (benefit)		(12,312)	(3,238)	(45,645)	64,358
Income tax expense (benefit)		(60)	(43)	1,773	825
Net income (loss)		(12,252)	(3,195)	(47,418)	63,533
Net Income attributable to non-controlling interests		(10,395)	(4,920)	(37,949)	52,453
Enterprise net income (loss)		(12,252)	(3,195)	(47,418)	63,533
Net income (loss) attributable to Cohen & Company, Inc.		$ (1,857)	$ 1,725	$ (9,469)	$ 11,080
Income (loss) per common share-basic:
Basic Earnings Per Share (in dollars per share)		$ (1.30)	$ 1.61	$ (6.71)	$ 10.52
Weighted average shares outstanding-basic (in shares)		1,428,237	1,071,606	1,411,596	1,052,947
Income (loss) per common share-diluted:
Diluted Earnings Per Share (in dollars per share)		$ (1.53)	$ 1.21	$ (6.71)	$ 8.12
Weighted average shares outstanding-diluted (in shares)	[1]	5,393,642	5,198,796	1,411,596	5,126,179
Comprehensive income (loss)
Net Income (loss)		$ (12,252)	$ (3,195)	$ (47,418)	$ 63,533
Other comprehensive income (loss) item:
Foreign currency translation adjustments, net of tax of $0		(199)	29	(265)	(202)
Other comprehensive income (loss), net of tax of $0		(199)	29	(265)	(202)
Comprehensive income (loss)		(12,451)	(3,166)	(47,683)	63,331
Less: comprehensive income (loss) attributable to the non-controlling interest		(10,541)	(4,898)	(38,142)	52,314
Comprehensive income (loss) attributable to Cohen & Company Inc.		(1,910)	1,732	(9,541)	11,017
Non-controlling Interest of Operating LLC [Member]
Non-operating income (expense)
Net Income attributable to non-controlling interests		(4,167)	(9,039)	(18,871)	20,931
Cohen Co Including Noncontrolling Interest [Member]
Non-operating income (expense)
Net income (loss)		(8,085)	5,844	(28,547)	42,602
Enterprise net income (loss)		(8,085)	5,844	(28,547)	42,602
Comprehensive income (loss)
Net Income (loss)		(8,085)	5,844	(28,547)	42,602
Non-controlling Interest of Cohen & Co. [Member]
Non-operating income (expense)
Net Income attributable to non-controlling interests		(6,228)	4,119	(19,078)	31,522
Asset Management [Member]
Revenues
Revenues, total		1,898	1,838	3,787	3,931
New Issue and Advisory [Member]
Revenues
Revenues, total		$ 3,481	$ 850	$ 7,251	$ 2,689
[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 June 30, Six Months Ended June 30, 2022 2021 2022 2021 Unrestricted Operating LLC membership units exchangeable into Cohen & Company, Inc. shares - 3,504,604 2017 Convertible Note Units - - 448,276 - Restricted Common Stock 87,944 - 84,968 - Restricted Operating LLC units 28,305 - 36,203 - 116,249 - 4,074,051 -

Consolidated Statements of Op_2

Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
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	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, 2020	$ 27	$ 13	$ 65,031	$ (20,341)	$ (821)	$ 43,909	$ 57,528	$ 101,437
Net Income (loss)				9,355		9,355	57,373	66,728
Other comprehensive (loss)					(70)	(70)	(161)	(231)
Acquisition / (surrender) of additional units of consolidated subsidiary, net			926		4	930	(930)
Equity-based compensation			153			153	13,488	13,641
Shares withheld for employee taxes			(97)			(97)	(264)	(361)
Dividends/distributions to convertible non-controlling interest				(7)		(7)		(18)
Distributions to convertible non-controlling interest of Cohen & Company Inc.							(11)
Non-convertible non-controlling interest investment							23	23
Non-convertible non-controlling interest distributions							(25,885)	(25,885)
Purchase and retirement of Common Stock			(662)			(662)		(662)
Balance at Mar. 31, 2021	27	13	65,351	(10,993)	(887)	53,511	101,161	154,672
Balance at Dec. 31, 2020	27	13	65,031	(20,341)	(821)	43,909	57,528	101,437
Net Income (loss)								63,533
Other comprehensive (loss)								(202)
Acquisition / (surrender) of additional units of consolidated subsidiary, net			2,375		14		(2,361)
Balance at Jun. 30, 2021	27	14	69,610	(9,268)	(898)	59,485	66,951	126,436
Balance at Dec. 31, 2020	27	13	65,031	(20,341)	(821)	43,909	57,528	101,437
Net Income (loss)								74,038
Balance at Dec. 31, 2021	27	17	72,006	(9,204)	(905)	61,941	89,492	151,433
Balance at Mar. 31, 2021	27	13	65,351	(10,993)	(887)	53,511	101,161	154,672
Net Income (loss)				1,725		1,725	(4,920)	(3,195)
Other comprehensive (loss)					7	7	22	29
Acquisition / (surrender) of additional units of consolidated subsidiary, net			1,449		(18)	1,431	(1,431)
Equity-based compensation			145			145	382	527
Non-convertible non-controlling interest investment							2,506	2,506
Non-convertible non-controlling interest distributions							(30,769)	(30,769)
Purchase and retirement of Common Stock			(7)			(7)		(7)
Common stock issued, net		1	2,672			2,673		2,673
Balance at Jun. 30, 2021	27	14	69,610	(9,268)	(898)	59,485	66,951	126,436
Balance at Dec. 31, 2021	27	17	72,006	(9,204)	(905)	61,941	89,492	151,433
Net Income (loss)				(7,612)		(7,612)	(27,554)	(35,166)
Other comprehensive (loss)					(19)	(19)	(47)	(66)
Acquisition / (surrender) of additional units of consolidated subsidiary, net			(292)		4	(288)	288
Equity-based compensation			338			338	766	1,104
Shares withheld for employee taxes			(72)			(72)	(145)	(217)
Dividends/distributions to convertible non-controlling interest				(1,481)		(1,481)		(4,956)
Distributions to convertible non-controlling interest of Cohen & Company Inc.							(3,475)
Convertible non-controlling interest investment							15,000	15,000
Non-convertible non-controlling interest investment							6	6
Non-convertible non-controlling interest distributions							(5,660)	(5,660)
Non-convertible non-controlling interest investment							15,000	15,000
Balance at Mar. 31, 2022	27	17	71,980	(18,297)	(920)	52,807	68,671	121,478
Balance at Dec. 31, 2021	27	17	72,006	(9,204)	(905)	61,941	89,492	151,433
Net Income (loss)								(47,418)
Other comprehensive (loss)								(265)
Acquisition / (surrender) of additional units of consolidated subsidiary, net			(381)		5		376
Distributions to convertible non-controlling interest of Cohen & Company Inc.								(4,535)
Non-convertible non-controlling interest distributions								(8,300)
Balance at Jun. 30, 2022	27	17	72,174	(20,516)	(972)	50,730	55,303	106,033
Balance at Mar. 31, 2022	27	17	71,980	(18,297)	(920)	52,807	68,671	121,478
Net Income (loss)				(1,857)		(1,857)	(10,395)	(12,252)
Other comprehensive (loss)					(53)	(53)	(146)	(199)
Acquisition / (surrender) of additional units of consolidated subsidiary, net			(89)		1	(88)	88
Equity-based compensation			287			287	795	1,082
Shares withheld for employee taxes			(4)			(4)	(13)	(17)
Dividends/distributions to convertible non-controlling interest				(362)		(362)		(1,422)
Distributions to convertible non-controlling interest of Cohen & Company Inc.							(1,060)
Convertible non-controlling interest investment							3	3
Non-convertible non-controlling interest distributions							(2,640)	(2,640)
Non-convertible non-controlling interest investment							3	3
Balance at Jun. 30, 2022	$ 27	$ 17	$ 72,174	$ (20,516)	$ (972)	$ 50,730	$ 55,303	$ 106,033

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended		12 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Operating activities
Net Income (loss)	$ (12,252)	$ (35,166)	$ (3,195)	$ 66,728	$ (47,418)	$ 63,533	$ 74,038
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Equity-based compensation					2,186	14,168
Accretion of income on other investments, at fair value					0	0
Loss (gain) on other investments, at fair value	7,019		11,953		25,737	(67,236)
Loss (gain) on other investments, sold not yet purchased	(79)		(714)		(257)	(776)
(Income) loss from equity method affiliates	3,044		(5,490)		15,148	(4,655)	(36,010)
Depreciation and amortization	143		87		275	168
Amortization of discount on debt					343	419
Deferred tax provision (benefit)					1,362	562
Other non-operating income - forgiveness of debt						(2,127)
Change in operating assets and liabilities, net:
Change in receivables from / payables to brokers, dealers, and clearing agencies					(96,425)	1,994
Change in receivables from / payables to related parties, net					2,747	80
(Increase) decrease in other receivables					(3,440)	(5,308)
(Increase) decrease in investments-trading					21,941	(10,858)
(Increase) decrease in receivables under resale agreement					1,383,320	(311,172)
(Increase) decrease in other assets					(40)	(6,169)
Increase (decrease) in accounts payable and other liabilities					10,970	(2,424)
Increase (decrease) in accrued compensation					(8,899)	1,671
Increase (decrease) in trading securities sold, not yet purchased					79,037	(1,565)
Increase (decrease) in securities sold under agreement to repurchase					(1,380,946)	305,972
Net cash provided by (used in) operating activities					5,641	(23,723)
Investing activities
Purchase of other investments, at fair value					(4,792)	(49,713)
Purchase of investments - other investments sold, not yet purchased, at fair value					(4,791)	(16,415)
Sales and returns of principal-other investments, at fair value					11,306	56,335
Sales and returns of principal - other investments sold, not yet purchased, at fair value					1,851	21,344
Investment in equity method affiliate					(620)	(1,027)
Distribution from equity method affiliate					65	50
Purchase of furniture, equipment, and leasehold improvements					(393)	(319)
Net cash provided by (used in) investing activities					2,626	10,255
Financing activities
Proceeds from (repayment of) debt					2,250	0
Repayment of debt					(2,250)	0
Repayments of redeemable financial instruments					0	(4,000)
Cash used to net share settle equity awards					(234)	(361)
Proceeds from issuance of Common Stock					0	2,673
Purchase and retirement of Common Stock					0	(669)
Cohen & Company Inc. dividends					(1,843)	(7)
Convertible non-controlling interest distributions					(4,535)	(137)
Non-convertible non-controlling interest investment					9	2,529
Non-convertible non-controlling interest distributions					(1,883)	0
Net cash provided by (used in) financing activities					(8,486)	28
Effect of exchange rate on cash					(280)	(153)
Net increase (decrease) in cash and cash equivalents					(499)	(13,593)
Cash and cash equivalents, beginning of period		$ 50,567		$ 41,996	50,567	41,996	41,996
Cash and cash equivalents, end of period	$ 50,068		$ 28,403		$ 50,068	$ 28,403	$ 50,567

Note 1 - Organization and Natur

Note 1 - Organization and Nature of Operations	6 Months Ended
	Jun. 30, 2022
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 and SPAC markets. As of June 30, 2022 , th had $2.21 billion in assets under management (“AUM”) of which 52.8% or $1.17 billion 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, LP; “JVB” refers to J.V.B. Financial Group LLC, a broker-dealer subsidiary; "CCFESA" refers to Cohen & Company Financial Europe Limited S.A., a majority owned subsidiary regulated by the Autorite de Controle Prudentiel et de Resolution ("ACPR ") in France. “CCFL” refers to Cohen & Company Financial Limited (formerly known as EuroDekania Management LTD), a subsidiary formerly 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 formerly regulated by the Central Bank of Ireland in Ireland. The Company’s business is organized into the following three Capital Markets not Asset Management Principal Investing not 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 and other investments sold, not ● Income and loss earned on equity method investments.

Note 2 - Basis of Presentation

Note 2 - Basis of Presentation	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Basis of Accounting [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 six June 30, 2022 2021 are not 10 December 31, 2021 . Capitalized terms used herein without definition have the meanings ascribed to them in the Annual Report on Form 10 December 31, 2021 . CORRECTION OF AN IMMATERIAL ERROR IN PREVIOUSLY ISSUED FINANCIAL STATEMENTS During the three March 31, 2022, December 31, 2021, December 31, 2021 The balance sheet amounts shown below are as of December 31, 2021. December 31, 2021. Balance Sheet As Stated Revised Change Deferred income taxes $ 9,468 $ 11,513 $ 2,045 Accounts payable and other liabilities 22,701 22,819 118 Accumulated deficit (9,730 ) (9,204 ) 526 Non-controlling interest $ 88,091 $ 89,492 $ 1,401 Income Statement Income tax expense (benefit) $ (1,614 ) $ (3,541 ) $ (1,927 ) Net Income (loss) 72,111 74,038 1,927 Net Income attributable to non-controlling interests 60,829 62,230 1,401 Net income (loss) attributable to Cohen & Company, Inc. $ 11,282 $ 11,808 $ 526 Basic Earnings Per Share $ 9.50 $ 9.95 $ 0.45 Diluted Earnings Per Share $ 7.48 $ 7.83 $ 0.35

Note 3 - Summary of Significant

Note 3 - Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Significant Accounting Policies [Text Block]	3. A. Adoption of New Accounting Standards In December 2019, 2019 12, Income Taxes (Topic 740 740 2019 12, January 1, 2021, not  In January 2020, 2020 01, Investments—Equity Securities (Topic 321 323 815 321, 323, 815 321 2020 01, January 1, 2021, not In March 2020, 2020 04 , Reference Rate Reform (Topic 848 January 2021 2021 01 Reference Rate Reform (Topic 848 December 31, 2022. 2020 04 2021 01, March 12, 2020, not In October 2020, 2020 08, Codification Improvements to Subtopic 310 20, Nonrefundable Fees and Other Costs. 310 20 35 33 2020 08, January 1, 2022, not In October 2020, 2020 10, Codification Improvements. 2020 10, January 1, 2022, not In May 2021, 2021 04, Earnings Per Share (Topic 260 470 50 718 815 40 not 1 2 3 2021 04, January 1, 2022, not   In October 2021, 2021 08, Business Combinations (Topic 805 606 not 2021 08, January 1, 2022, not   In October 2021, 2021 10, Government Assistance (Topic 832 2021 10, January 1, 2022, not   B. Recent Accounting Developments In August 2020, 2020 06, Debt—Debt with Conversion and Other Options (Subtopic 470 20 815 40 December 15, 2023, may In March 2022, 2022 02, Financial Instruments—Credit Losses (Topic 326 December 15, 2022, may In June 2022, 2022 03, Fair Value Measurement (Topic 820 not not 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 not  Cash and cash equivalents 1 Investments-trading third not Other investments, at fair value not Other investments sold, not not Receivables under resale agreements 2 Trading securities sold, not third not Securities sold under agreements to repurchase 2 Redeemable financial instruments 3 Debt June 30, 2022 December 31, 2021 pany’s de bt was estimated to be $31,958 and $54,284 , respectively. The estim ated f 3 Derivatives may not not third  

Note 4 - Other Recent Business

Note 4 - Other Recent Business Transactions or Events	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Other Events [Text Block]	4. Conversion of the 2017 On March 10, 2017, "2017 March 20, 2022, 2017 2017 2017 21 December 31, 2021 10 2017 Pursuant to the DGC Trust’s governing documents, Daniel G. Cohen has the ability to acquire at any time any of the DGC Trust’s assets, including the units of membership interest, by substituting other property of an equivalent value without the approval or consent of any person, including any trustee or beneficiary of the DGC Trust. See Notes 16 24. The 2020 On January 31, 2022, January 31, 2020, Pursuant to the Original Purchase Agreement, JKD Investor and RNCS each purchased a senior promissory note in the principal amount of $2,250 (for an aggregate investment of $4,500). The senior promissory notes bore interest at a fixed rate of 12% January 31, 2022, 2022 2020 16 24. New Commercial Real Estate Opportunities ( CREO ) JV On September 3, 2021, The CREO JV was formed for the purposes of investing in primarily multi-family commercial real estate mortgage-backed loans and below-investment-grade rated tranches in CRE CLOs collateralized by mostly transitional commercial real estate mortgage-backed loans. “CRE CLO” means any pooling of commercial real estate mortgage-backed loans into a collateralized loan obligation. The commercial real estate loans that will be funded by the CREO JV may may may may The Company has elected the fair value option in accordance with the provisions of FASB ASC 820, Fair Value Measurements 820” 946 15 2, 820 June 30, 2022 Wind Down of the Company's GCF Repo Business Since 2017, October 2021, December 31, 2021, 10. INSU Acquisition Corp III ("Insurance SPAC III") The Operating LLC is the manager of Insurance Acquisition Sponsor III, LLC (“IAS III”) and Dioptra Advisors III, LLC (together with IAS III, the “Insurance SPAC III Sponsor Entities”). The Insurance SPAC III Sponsor Entities are sponsors of INSU Acquisition Corp. III ("Insurance SPAC III"). On December 22 2020, Each Insurance SPAC III Unit consists of one one third one one December 21, 2020, first 24 The Insurance SPAC III Sponsor Entities purchased an aggregate of 575,000 of placement units in Insurance SPAC III in a private placement that occurred simultaneously with the IPO for an aggregate of $5,750, or $10.00 per placement unit. Each placement unit consists of one one third one not may not 30 A total of $250,000 of the net proceeds from the private placement and the IPO (including approximately $10,600 of the deferred underwriting commission from the IPO) were placed in a trust account. Except for the withdrawal of interest to pay taxes (or dissolution expenses if a business combination is not none not 24 24 not first 24 The Insurance SPAC III Sponsor Entities collectively hold 8,525,000 founder shares in Insurance SPAC III. Subject to certain limited exceptions, the founder shares will not 25% 20 30 not not The Operating LLC loaned to Insurance SPAC III approximately $71 to cover IPO expenses, which was repaid in full at the closing of the IPO. Insurance Acquisition Sponsor III and its affiliates, including the Operating LLC, have also committed to loan Insurance SPAC III up to an additional $1,500 to cover operating and acquisition related expenses following the IPO, of which $960 was borrowed by Insurance SPAC III as of June 30, 2022 24 25. no not no As of June 30, 2022 June 30, 2022

Note 5 - Net Trading

Note 5 - Net Trading	6 Months Ended
	Jun. 30, 2022
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 Six Months Ended June 30, June 30, June 30, June 30, 2022 2021 2022 2021 Net realized gains (losses) - trading inventory $ 5,112 $ (2,786 ) $ 9,727 $ 15,115 Net unrealized gains (losses) - trading inventory (2,927 ) 7,467 (6,190 ) (4,087 ) Net gains and losses 2,185 4,681 3,537 11,028 Interest income- trading inventory 745 1,709 1,836 3,465 Interest income-reverse repos 12,303 20,056 28,002 39,391 Interest income 13,048 21,765 29,838 42,856 Interest expense-repos (7,561 ) (10,275 ) (15,223 ) (20,387 ) Interest expense-margin payable (415 ) (202 ) (608 ) (393 ) Interest expense (7,976 ) (10,477 ) (15,831 ) (20,780 ) Other trading revenue 3,120 2,430 4,855 4,478 Net trading $ 10,377 $ 18,399 $ 22,399 $ 37,582  Trading inventory includes investments classified as investments-trading as well as trading securities sold, not 7. 6. 10 

Note 6 - Receivables from and P

Note 6 - Receivables from and Payables to Brokers, Dealers, and Clearing Agencies	6 Months Ended
	Jun. 30, 2022
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) June 30, 2022 December 31, 2021 Deposits with clearing agencies $ 250 $ 250 Unsettled regular way trades, net 12,556 2,827 Receivables from clearing agencies 128,992 65,315 Receivables from brokers, dealers, and clearing agencies $ 141,798 $ 68,392 Amounts payable to brokers, dealers, and clearing agencies consisted of the following.  PAYABLES TO BROKERS, DEALERS, AND CLEARING AGENCIES (Dollars in Thousands) June 30, 2022 December 31, 2021 Margin payable $ 137,877 $ 160,896 Payables to brokers, dealers, and clearing agencies $ 137,877 $ 160,896  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 cash received by the Company upon execution of short trades that is restricted from withdrawal by the clearing agent.  Margin payable represents amounts borrowed from Pershing, LLC and Cantor Fitzgerald to finance the Company’s trading portfolio. See note 5 7. 

Note 7 - Financial Instruments

Note 7 - Financial Instruments	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Financial Instruments Disclosure [Text Block]	7. Investments—Trading Investments-trading consisted of the following. INVESTMENTS - TRADING (Dollars in Thousands) June 30, 2022 December 31, 2021 U.S. government agency MBS and CMOs $ 110,541 $ 134,093 U.S. government agency debt securities 27,435 22,373 RMBS 7 9 U.S. Treasury securities 9,063 - ABS 1 1 Corporate bonds and redeemable preferred stock 47,856 45,519 Foreign government bonds 187 467 Municipal bonds 1,767 18,841 Certificates of deposit - 169 Derivatives 4,189 1,275 Equity securities 878 1,118 Investments-trading $ 201,924 $ 223,865  Trading Securities Sold, Not Trading securities sold, not TRADING SECURITIES SOLD, NOT (Dollars in Thousands) June 30, 2022 December 31, 2021 U.S. government agency debt securities $ 1 $ 1 U.S. Treasury securities 83,416 29,513 Corporate bonds and redeemable preferred stock 55,248 32,574 Derivatives 2,884 424 Trading securities sold, not yet purchased $ 141,549 $ 62,512  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) June 30, 2022 December 31, 2021 Equity securities 20,089 $ 27,104 Restricted equity securities 6,385 17,078 Corporate bonds and redeemable preferred stock 476 476 CREO 6,653 5,830 U.S. Insurance JV 3,338 3,450 SPAC Fund 506 1,980 Residential loans 111 115 Other investments, at fair value $ 37,558 $ 56,033  A total o f $11,863 a June 30, 2022 December 31, 2021, 6. Other Investments, Sold Not Other investments, sold not OTHER INVESTMENTS SOLD, NOT (Dollars in Thousands) June 30, 2022 December 31, 2021 Equity securities $ 128 $ 2,488 Other investments sold, not yet purchased $ 128 $ 2,488

Note 8 - Fair Value Disclosures

Note 8 - Fair Value Disclosures	6 Months Ended
	Jun. 30, 2022
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 June 30, 2022 2021 of $ and $ , respectively. 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 six June 30, 2022 June 30, 2021 of $ and $ ,, respectively. The Company recognized net gains (losses) related to changes in fair value of investments that are included as a component of other investments, sold not three June 30, 2022 2021 of $ and $714, respectively. The Company recognized net gains (losses) related to changes in fair value of investments that are included as a component of other investments, sold not six June 30, 2022 June 30, 2021 of $ and $ , respectively. 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 June 30, 2022 December 31, 2021 FAIR VALUE MEASUREMENTS ON A RECURRING BASIS June 30, 2022 (Dollars in Thousands) Significant Significant Quoted Prices in Observable Unobservable Active Markets Inputs Inputs Assets Fair Value (Level 1) (Level 2) (Level 3) Investments-trading: U.S. government agency MBS and CMOs $ 110,541 $ - $ 110,541 $ - U.S. government agency debt securities 27,435 - 27,435 - RMBS 7 - 7 - U.S. Treasury securities 9,063 9,063 - - ABS 1 - 1 - Corporate bonds and redeemable preferred stock 47,856 - 47,856 - Foreign government bonds 187 - 187 - Municipal bonds 1,767 - 1,767 - Derivatives 4,189 - 4,189 - Equity securities 878 - 878 - Total investments - trading $ 201,924 $ 9,063 $ 192,861 $ - Other investments, at fair value: Equity securities $ 20,089 $ 20,089 $ - $ - Restricted equity securities 6,385 - 6,385 - Corporate bonds and redeemable preferred stock 476 - 476 - Residential loans 111 - 111 - 27,061 $ 20,089 $ 6,972 $ - Investments measured at NAV (1) 10,497 Total other investments, at fair value $ 37,558 Liabilities Trading securities sold, not yet purchased: U.S. government agency debt securities $ 1 $ - $ 1 $ - U.S. Treasury securities 83,416 83,416 - - Corporate bonds and redeemable preferred stock 55,248 - 55,248 - Derivatives 2,884 - 2,884 - Total trading securities sold, not yet purchased $ 141,549 $ 83,416 $ 58,133 $ -  Other investments, sold not yet purchased: Equity securities $ 128 $ 128 $ - $ - Total other investments sold, not yet purchased $ 128 $ 128 $ - $ -  ( 1 As a practical expedient, the Company uses NAV (or its equivalent) to measure the fair value of its investments in the U.S. Insurance JV, the SPAC Fund and the CREO JV. 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. The CREO JV invests in primarily multi-family commercial real estate mortgage-backed loans and below-investment grade rated tranches in CRE CLOs collateralized by mostly transitional commercial real estate mortgage-backed loans. See note 4. 820, not  FAIR VALUE MEASUREMENTS ON A RECURRING BASIS December 31, 2021 (Dollars in Thousands) Significant Significant Quoted Prices in Observable Unobservable Active Markets Inputs Inputs Assets Fair Value (Level 1) (Level 2) (Level 3) Investments-trading: U.S. government agency MBS and CMOs $ 134,093 $ - $ 134,093 $ - U.S. government agency debt securities 22,373 - 22,373 - RMBS 9 - 9 - U.S. Treasury securities - - - - ABS 1 - 1 - Corporate bonds and redeemable preferred stock 45,519 - 45,519 - Foreign government bonds 467 - 467 - Municipal bonds 18,841 - 18,841 - Certificates of deposit 169 - 169 - Derivatives 1,275 - 1,275 - Equity securities 1,118 - 1,118 - Total investments - trading $ 223,865 $ - $ 223,865 $ - Other investments, at fair value: Equity Securities $ 27,104 $ 27,104 $ - $ - Restricted Equity Securities 17,078 - 17,078 - Corporate bonds and redeemable preferred stock 476 - 476 - Residential loans 115 - 115 - 44,773 $ 27,104 $ 17,669 $ - Investments measured at NAV (1) 11,260 Total other investments, at fair value $ 56,033 Liabilities Trading securities sold, not yet purchased: U.S. Treasury securities $ 29,513 $ 29,513 $ - $ - Corporate bonds and redeemable preferred stock 32,574 - 32,574 - US Government Agency debt 1 1 - - Derivatives 424 - 424 - Total trading securities sold, not yet purchased $ 62,512 $ 29,514 $ 32,998 $ -  Other investments, sold not yet purchased: Equity securities $ 2,488 $ 2,488 $ - $ - Total other investments sold, not yet purchased $ 2,488 $ 2,488 $ - $ -  ( 1 As a practical expedient, the Company uses NAV (or its equivalent) to measure the fair value of its investments in the U.S. Insurance JV, the SPAC Fund and the CREO JV. 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. The CREO JV invests in primarily multi-family commercial real estate mortgage-backed loans and below-investment grade rated tranches in CRE CLOs collateralized by mostly transitional commercial real estate mortgage-backed loans. See note 4. 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 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  Equity Securities 1 2 3 Restricted Equity Securities 2 not no Subordinated Notes: third 2 Derivatives 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 Equity Derivatives The Company enters into equity derivatives such as puts and short call options. These are securities that are traded on a recognized liquid exchange and the Company classifies their fair value within level 1 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. 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 June 30, 2022 December 31, 2021 Fair Value Unfunded Commitments Redemption Frequency Redemption Notice Period June 30, 2022 Other investments, at fair value CREO (a) $ 6,653 $ 8,464 N/A N/A U.S. Insurance JV (b) 3,338 N/A N/A N/A SPAC Fund (c) 506 N/A Quarterly after 1 year lock up 30 days $ 10,497  Fair Value Unfunded Commitments Redemption Frequency Redemption Notice Period December 31, 2021 Other investments, at fair value CREO (a) $ 5,830 $ 9,170 N/A N/A U.S. Insurance JV (b) 3,450 N/A N/A N/A SPAC Fund (c) 1,980 N/A Quarterly after 1 year lock up 30 days $ 11,260 N/A Not (a) The CREO JV invests in primarily multi-family commercial real estate mortgage-backed loans and below-investment grade rated tranches in CRE CLOs collateralized by mostly commercial real estate mortgage-backed loans. See note 4. (b) The U.S. Insurance JV invests in USD denominated debt issued by small and medium size insurance and reinsurance companies. (c) The SPAC Fund invests in equity interests of SPACs.

Note 9 - Derivative Financial I

Note 9 - Derivative Financial Instruments	6 Months Ended
	Jun. 30, 2022
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 with collateral that remains “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, Equity Derivatives A significant portion of the Company’s equity holdings are carried at fair value. The Company hedges a portion of this exposure by entering into equity derivatives such as puts and short call options from time to time. These derivative positions are carried at fair value as a component of other investments, at fair value and other investments sold, not June 30, 2022 December 31, 2021, no may The Company also hedges a portion of the exposure from these equity investments by entering into short trades. These short trades are not not 7. 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 June 30, 2022 December 31, 2021 Other Extended Settlement Trades When the Company buys or sells a financial instrument that will not June 30, 2022 December 31, 2021 no  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, June 30, 2022 December 31, 2021 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 June 30, 2022 December 31, 2021  DERIVATIVE FINANCIAL INSTRUMENTS-BALANCE SHEET INFORMATION (Dollars in Thousands) Derivative Financial Instruments Not Designated as Hedging Instruments Under FASB ASC 815 Balance Sheet Classification June 30, 2022 December 31, 2021 TBAs and other forward agency MBS Investments-trading $ 4,189 $ 1,275 TBAs and other forward agency MBS Trading securities sold, not yet purchased (2,884 ) (424 ) $ 1,305 $ 851 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 Three Months Ended June 30, 2022 Three Months Ended June 30, 2021 Other extended settlement trades Revenue-net trading $ - $ 20 TBAs and other forward agency MBS Revenue-net trading 2,960 1,967 Equity derivatives Principal transactions and other income - 58 $ 2,960 $ 2,045 Derivative Financial Instruments Not Designated as Hedging Instruments Under FASB ASC 815 Income Statement Classification Six Months Ended June 30, 2022 Six Months Ended June 30, 2021 Other extended settlement trades Revenue-net trading $ - $ 20 TBAs and other forward agency MBS Revenue-net trading 5,598 4,576 Equity derivatives Principal transactions and other income - 192 $ 5,598 $ 4,788

Note 10 - Collateralized Securi

Note 10 - Collateralized Securities Transactions	6 Months Ended
	Jun. 30, 2022
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. Until the fourth 2021, two fourth 2021, GCF Repo In October 2017, November 2017. April 25, 2018. October 2020, December 2021. 16. In October 2021, December 31, 2021. June 30, 2022 In conjunction with the Company’s GCF repo business, on October 19, 2018, 2021. 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. Gestation trades can be structured in two one Bankruptcy of Gestation Counterparty As of June 30, 2022, June 30, 2022, 11 June 30, 2022, June 30, 2022, June 30, 2022). $86,226. not six June 30, 2022. second 2022. Other Repo Transactions In addition to the Company’s matched book repo business, the Company may may no not Repo Information At June 30, 2022 December 31, 2021 June 30, 2022 December 31, 2021 At June 30, 2022 December 31, 2021 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 did not  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 June 30, 2022 December 31, 2021 The total net revenue earned by the Company on its matched book repo business (net interest margent and fee revenue) was $4,742 and $12,779 for the three six June 30, 2022 three six June 30, 2021  Detail ASC 210 lateral (see note 13 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 13 SECURED BORROWINGS (Dollars in Thousands) June 30, 2022 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 MBS (gestation repo) $ 68,114 $ 1,722,355 $ - - $ 1,790,469 $ 68,114 $ 1,722,355 $ - $ - $ 1,790,469 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 MBS (gestation repo) $ 68,160 $ 1,724,165 $ - $ - $ 1,792,325 $ 68,160 $ 1,724,165 $ - $ - $ 1,792,325    SECURED BORROWINGS (Dollars in Thousands) December 31, 2021 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 MBS (gestation repo) $ - $ 3,171,415 $ - $ - $ 3,171,415 $ - $ 3,171,415 $ - $ - $ 3,171,415 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 MBS (gestation repo) $ - $ 3,175,645 $ - $ - $ 3,175,645 $ - $ 3,175,645 $ - $ - $ 3,175,645

Note 11 - Investments in Equity

Note 11 - Investments in Equity Method Affiliates	6 Months Ended
	Jun. 30, 2022
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 investments that are accounted for under the equity method. INVESTMENTS IN EQUITY METHOD AFFILIATES (Dollars in Thousands) Insurance SPACs Dutch Real Estate Entities Other SPAC Sponsor Entities Total January 1, 2022 $ 4,543 $ 5,600 $ 38,095 $ 48,238 Investments / advances - - 700 700 Distributions / repayments - - (64 ) (64 ) Reclasses to (from) - - (19,357 ) (19,357 ) Earnings / (loss) realized (957 ) (264 ) (13,927 ) (15,148 ) June 30, 2022 $ 3,586 $ 5,336 $ 5,447 $ 14,369 Insurance SPACs Dutch Real Estate Entities Other SPAC Sponsor Entities Total January 1, 2021 $ 9,807 $ 3,312 $ 363 $ 13,482 Investments / advances - 2,425 5,967 8,392 Distributions / repayments (3,958 ) - (249 ) (4,207 ) Reclasses to (from) - - (5,439 ) (5,439 ) Earnings / (loss) realized (1,306 ) (137 ) 37,453 36,010 December 31, 2021 $ 4,543 $ 5,600 $ 38,095 $ 48,238 The Insurance SPACs represent the Company's consolidated subsidiaries equity method investments in various insurance SPACs. Dutch Real Estate Entities include: (i) Amersfoot Office Investment I Cooperatief U. A. (“AOI”) is a company based in the Netherlands that invests in real estate and (ii) CK Capital Partners B.V. (“CK Capital”) is a company based in the Netherlands that manages investments in real estate. See note 24. Other SPAC Sponsor Entities include both indirect and direct investments in SPAC Sponsor Entities. Several of these Sponsor Entities are invested in SPACs that have completed their business combinations. Those Sponsor Entities hold restricted and unrestricted equity interests in the public post-merger entities. The following table shows the equity method balance included in other SPAC Sponsor Entities above broken out by the ultimate investee. OTHER SPAC SPONSOR ENTITIES June 30, 2022 (Dollars in Thousands) Entity Ticker Equity Method Carrying Value Archer Aviation Inc. ACHR 26 Wejo Group Ltd. WEJO 342 Alpha Tau Medical Ltd. DRTS 1,073 Parella Weinberg Partners PWP 69 Various other Sponsor Entities 3,937 Total $ 5,447 OTHER SPAC SPONSOR ENTITIES December 31, 2021 (Dollars in Thousands) Entity Ticker Equity Method Carrying Value Parella Weinberg Partners PWP $ 1,128 Archer Aviation Inc. ACHR 728 Wejo Group Ltd. WEJO 1,963 Heliogen, Inc. HLGN 28,448 Various other Sponsor Entities 5,828 Total $ 38,095 Over time, the Company expects these Sponsor Entities to either (a) liquidate their investments in these companies and distribute to the Company its allocable share of the cash proceeds or (b) to distribute the Company's allocable share of these equity investments in-kind to the Company. In either case, the final cash realized from these investments will be impacted by the performance of the public companies listed above until those investments are liquidated.

Note 12 - Leases

Note 12 - Leases	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	12.  The Company leases office space, certain computer and related equipment, and a vehicle under noncancelable operating leases. From time to time, the Company subleases office space to other tenants. Under the requirements of FASB 842, no  Rent expense is recognized on a straight-line basis over the lease term and is included in business development, occupancy, and equipment expense.  As of June 30, 2022  Maturities of operating lease liability payments consisted of the following. FUTURE MATURITY OF LEASE LIABILITIES (Dollars in Thousands) As of June 30, 2022 2022 - remaining $ 1,120 2023 2,643 2024 2,115 2025 1,760 2026 1,504 Thereafter 3,753 Total 12,895 Less imputed interest (1,705 ) Lease obligation $ 11,190 During the six June 30, 2022 2021 No three six June 30, 2022 three six June 30, 2021 

Note 13 - Other Receivables, Ot

Note 13 - Other Receivables, Other Assets, Accounts Payable and Other Liabilities	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Other Receivables, Other Assets, Accounts Payable and Other Liabilities [Text Block]	13.  Other receivables consisted of the following. OTHER RECEIVABLES (Dollars in Thousands) June 30, 2022 December 31, 2021 Asset management fees receivable $ 927 $ 962 Accrued interest receivable and dividend receivable 1,483 1,394 Revenue share receivable 129 108 Miscellaneous other receivables 4,104 739 Other receivables $ 6,643 $ 3,203  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 June 30, 2022 December 31, 2021,  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 (cash collateral due from counterparties).  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) June 30, 2022 December 31, 2021 Deferred costs $ 176 $ 240 Prepaid expenses 1,424 1,286 Deposits 442 479 Miscellaneous other assets - 258 Furniture, equipment, and leasehold improvements, net 1,574 1,456 Intangible assets 166 166 Other assets $ 3,782 $ 3,885  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. See notes 16 10 December 31, 2021  Accounts payable and other liabilities consisted of the following.  ACCOUNTS PAYABLE AND OTHER LIABILITIES (Dollars in Thousands) June 30, 2022 December 31, 2021 Accounts payable $ 352 $ 122 Redeemable financial instruments accrued interest 177 291 Accrued income tax 174 179 Accrued interest payable 302 558 Accrued interest on securities sold, not yet purchased 1,339 704 Payroll taxes payable 1,378 1,548 Counterparty cash collateral 27,884 17,320 Accrued expense and other liabilities 1,871 2,097 Accounts payable and other liabilities $ 33,477 $ 22,819 The redeemable financial instrument accrued interest represents accrued interest on the JKD Capital Partners I LTD redeemable financial instrument. See note 15. 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 14 - Variable Interest Ent

Note 14 - Variable Interest Entities	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Variable Interest Entity Disclosure [Text Block]	14.  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.  Consolidated VIEs The Company determined it was the primary beneficiary of several VIEs and therefore, has consolidated them. The following table provides certain information regarding the consolidated VIEs: As of June 30, 2022 As of December 31, 2021 Cash and cash equivalents $ 49 $ 43 Receivables - - Other investments, at fair value 652 9,543 Investment in equity method affiliates 3,648 33,080 Non-controlling interest (4,701 ) (29,979 ) Investment in consolidated VIEs $ (352 ) $ 12,687 The maximum potential loss the Company could incur related to the consolidated VIEs is the investment in consolidated VIEs shown in the table above plus the Company has to fund additional working capital to the equity method investees of certain of the consolidated VIEs. The total amount of working capital borrowed was $960 and $810 as of June 30, 2022 December 31, 2021, 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 June 30, 2022 December 31, 2021, not three six June 30, 2022 2021 June 30, 2022 December 31, 2021  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 16 not June 30, 2022 December 31, 2021 CARRYING VALUE OF VARIABLE INTERESTS IN NON-CONSOLIDATED VARIABLE INTEREST ENTITIES (Dollars in Thousands) As of June 30, 2022 As of December 31, 2021 Other investments, at fair value $ 10,497 $ 11,260 Investments in equity method affiliates 9,033 5,015 Maximum exposure $ 19,530 $ 16,275

Note 15 - Redeemable Financial

Note 15 - Redeemable Financial Instruments	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Other Liabilities Disclosure [Text Block]	15.  Redeemable financial instruments consisted of the following. REDEEMABLE FINANCIAL INSTRUMENTS (Dollars in Thousands) As of June 30, 2022 As of December 31, 2021 JKD Capital Partners I LTD $ 7,957 $ 7,957 $ 7,957 $ 7,957   

Note 16 - Debt

Note 16 - Debt	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Debt Disclosure [Text Block]	16.  The Company had the following debt outstanding. DETAIL OF DEBT (Dollars in Thousands) As of As of Interest Description June 30, 2022 December 31, 2021 Rate Terms Interest (3) Maturity Non-convertible debt: 10.00% senior note (the "2020 Senior Notes") $ 4,500 $ 4,500 Fixed 10.00% January 2024 Contingent convertible debt: 8.00% convertible senior note (the "2017 Convertible Note") - 15,000 Fixed 8.00% March 2023 (1) Less unamortized debt issuance costs - (67 ) - 14,933 Junior subordinated notes (2): Alesco Capital Trust I 28,125 28,125 Variable 5.29% July 2037 Sunset Financial Statutory Trust I 20,000 20,000 Variable 5.15% March 2035 Less unamortized discount (23,888 ) (24,164 ) 24,237 23,961 ByLine Bank - - Variable NA December 2023 Total $ 28,737 $ 43,394 ( 1 The holder of the 2017 may not may, one 2017 20 10 December 31, 2021 March 20, 2022, 2017 ( 2 The junior subordinated notes listed represent debt the Company owes to the two $49,614. $1,489. not $0. June 30, 2022 ( 3 Represents the interest rate in effect as of the last day of the reporting period.  The 2020 On January 31, 2022, 2022 $2,250 2020 The Amended and Restated Note evidences Operating LLC’s obligation to repay to JKD (i) the original principal amount of $2,250 $2,250 2022 January 31, 2024; January 31, 2023 January 31, 2024, may, 31 The Amended and Restated Note accrues interest on the unpaid principal amount from January 31, 2022 January 1, April 1, July 1, October 1, April 1, 2022. may may not January 31, 2023. may, 31 January 31, 2023 The Amended and Restated Note and the payment of all principal, interest and any other amounts payable thereunder are senior obligations of the Operating LLC and will be senior to any Indebtedness (as defined in the Amended and Restated Note) of the Operating LLC outstanding as of and issued following January 30, 2020 ( Note). Pursua January 31, 2022, may not The 2017 On March 10, 2017, “2017 Pursuant to the 2017 “2017 $15,000. March 10, 2017, $15,000 2017 470, 2017 not Under the 2017 Pursuant to the 2017 December 16, 2009, not October 30, 2019, 2017 March 10, 2022 one 2017 $1.45 Effective March 10, 2020, 2017 March 10, 2022. On March 20, 2022, Pursuant to the terms and conditions of the Operating LLC’s Amended and Restated Limited Liability Company Agreement, dated December 16, 2009, may one may Pursuant to the DGC Trust’s governing documents, Daniel G. Cohen has the ability to acquire at any time any of the DGC Trust’s assets, including the units of membership interests, by substituting other property of an equivalent value without the approval or consent of any person, including any trustee or beneficiary of the DGC Trust. Junior Subordinated Notes The Company assumed $49,614 aggregate principal amount of junior subordinated notes outstanding at the time of the Merger. The Company recorded the debt at fair value on the acquisition date. Any difference between the fair value of the junior subordinated notes on the Merger date and the principal amount of debt is amortized into earnings over the estimated remaining life of the underlying debt as an adjustment to interest expense. The junior subordinated notes are payable to two 1. Alesco Capital Trust I June 2007. July 30, 2037 may July 30, 2037. 2. Sunset Financial Statutory Trust I ( “ Sunset Financial Trust ” ) March 2005. March 30, 2035. 90 Alesco Capital Trust I and Sunset Financial Trust (collectively, the “Trusts”) described above are VIEs pursuant to variable interest provisions included in FASB ASC 810 not not not not not The junior subordinated notes have several financial covenants. Since the Merger, Cohen & Company Inc. has been in violation of one not not Byline Bank On October 28, 2020, ( $17,500. 2021 2021. $7,500 $17,500 On December 21, 2021, ( $25,000. Loans (both principal and interest) made by Byline Bank to JVB under the Amended and Restated Byline Loan Agreement are scheduled to mature and become immediately due and payable in full on December 21, 2023. may December 21, 2022. 6.0%, no 7.0%. December 21, 2021, $25,000 December 21, 2021, JVB may $25,000 $25,000 Effective December 22, 2021, may 15 3 1. The Amended and Restated Byline Loan Agreement also includes customary covenants for a transaction of this type, including covenants limiting the indebtedness that can be incurred by JVB and JVB Holdings and restricting JVB’s ability to make certain loans and investments. Additionally, JVB may not December 31, 2021, December 30, 2022, December 31, 2022, may not 0.25 June 30, 2022 December 31, 2021, no Pursuant to the Amended and Restated Byline Agreement, JVB may may not may In the financial statements and other footnotes set forth in this Quarterly Report on Form 10  Interest Expense, net INTEREST EXPENSE (Dollars in Thousands) Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Junior subordinated notes $ 756 $ 652 $ 1,413 $ 1,299 2020 Senior Notes 112 135 231 268 2017 Convertible Note - 381 327 756 2013 Convertible Notes / 2019 Senior Notes - 72 - 143 Byline Credit Facility 62 66 134 131 Redeemable Financial Instrument - DGC Trust / CBF - - - 197 Redeemable Financial Instrument - JKD Capital Partners I LTD 176 476 352 1,002 $ 1,106 $ 1,782 $ 2,457 $ 3,796 

Note 17 - Equity

Note 17 - Equity	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Shareholders' Equity and Share-Based Payments [Text Block]	17. Stockholders’ Equity Common Equity six June 30, 2022 Common Stock Shares December 31, 2021 1,331,150 Vesting of shares 113,234 Shares withheld for employee taxes and retired (15,501 ) Repurchase and retirement of Common Stock - June 30, 2022 1,428,883 Series E Voting Non-Convertible Preferred Stock no ten one June 30, 2022 21 10 December 31, 2021  Series F Voting Non-Convertible Preferred Stock December 23, 2019, December 30, 2019, not one ten June 30, 2022 . 21 10 December 31, 2021 Cash Dividends During the three six June 30, 2022, three six June 30, 2021, Stockholder Rights Plan  On March 10, 2020, 382 one March 20, 2020 ( one ten 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 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, March 10, 2020. no 4.95% x March 10, 2020, 4.95% no 4.95% x 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 $100.00. ten 10 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 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 At any time after the Stock Acquisition Date, the Company may may 50% one At any time until ten may not 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 May 27, 2021, 1:10 During the six June 30, 2022 Operating LLC Membership Units Other units related to UIS Agreement 977,330 Total 977,330 The Company recognized a net decrease in additional paid in capital of $381 and a net increase in AOCI of $5 with an offsetting increase in non-controlling interest of $376 in connection with the acquisition and surrender of additional units of the Operating LLC. The following schedule presents the effects of changes in Cohen & Company Inc.’s ownership interest in the Operating LLC on the equity attributable to Cohen & Company Inc. for the six June 30, 2022 2021  Six Months Ended Six Months Ended June 30, 2022 June 30, 2021 Net income / (loss) attributable to Cohen & Company Inc. $ (9,469 ) $ 11,080 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 (381 ) 2,375 Changes from net income / (loss) attributable to Cohen & Company Inc. and transfers (to) from the non-controlling interest $ (9,850 ) $ 13,455  Repurchases of Shares and Retirement of Treasury Stock  On December 21, 2020, “December 2020 December 2020 December 2020 December 2020 December 23, 2020 July 28, 2021, December 2020 10b5 1 During the three six June 30, 2021 December 2020 Equity Distribution Agreement On December 1, 2020, 415 one third March 5, 2021. On June 7, 2021, June 5, 2021, not not 10b5 1 1934, 10b5 1 The Equity Agreement includes customary representations, warranties and covenants by the Company and customary obligations of the parties and termination provisions. The Company has agreed to indemnify the Sales Agent against certain liabilities, including liabilities under the Securities Act, or to contribute to payments the Sales Agent may The offering of the Common Stock pursuant to the Equity Agreement will terminate upon the sale of all of the shares pursuant to the Equity Agreement, unless sooner terminated in accordance with the terms and conditions of the Equity Agreement. During the three six June 30, 2021, December 31, 2021, 2022 10 Detail of Non-Controlling Interest ROLLFORWARD OF NON-CONTROLLING INTERESTS (Dollars in Thousands) Operating LLC Insurance SPAC III Sponsor Entities Other Consolidated Subsidiaries Total December 31, 2021 $ 57,628 $ 4,808 $ 27,056 $ 89,492 Non-controlling interest share of (loss) (19,078 ) (483 ) (18,388 ) (37,949 ) Other comprehensive (loss) (193 ) - - (193 ) Acquisition / (surrender) of additional units of consolidated subsidiary 376 - - 376 Equity-based compensation 1,561 - - 1,561 Shares withheld for employee taxes (158 ) - - (158 ) Investment in convertible non-controlling interest of Cohen & Company Inc. 15,000 - - 15,000 Investment in non-convertible non-controlling interest of Operating LLC - - 9 9 Distributions to convertible non-controlling interest of Cohen & Company Inc. (4,535 ) - - (4,535 ) Distributions to non-convertible non-controlling interest of Operating LLC - - (8,300 ) (8,300 ) June 30, 2022 $ 50,601 $ 4,325 $ 377 $ 55,303 See note 16. 21 10 December 31, 2021,

Note 18 - Income Taxes

Note 18 - Income Taxes	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Income Tax Disclosure [Text Block]	18. Cohen & Company Inc. is treated as a C corporation for United States federal income tax purposes. A U.S. C corporation is subject to a federal tax rate of 21%. 1. six June 30, 2022, 2. no 3. 4. may not 740

Note 19 - Net Capital Requireme

Note 19 - Net Capital Requirements	6 Months Ended
	Jun. 30, 2022
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 June 30, 2022 was $ 250 . CCFESA, a subsidiary of the Company, is regulated by the ACPR in France. CCFESA is subject to certain regulatory capital requirements in accordance with Articles L.533 2 et seq. of the French Financial and Monetary Code, implementing the new framework set out in the Investment Firm Regulation ("IFR") and the Investment Firm Directive ("IFD"). As of June 30, 2022 April 7, 2022.

Note 20 - Earnings (Loss) Per C

Note 20 - Earnings (Loss) Per Common Share	6 Months Ended
	Jun. 30, 2022
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 June 30, Six Months Ended June 30, 2022 2021 2022 2021 Net income / (loss) attributable to Cohen & Company Inc. $ (1,857 ) $ 1,725 $ (9,469 ) $ 11,080 Add: Net income (loss) attributable to the convertible non-controlling interest of Cohen & Company Inc. (6,228 ) 4,119 - 31,522 Add: Interest expense incurred on dilutive convertible notes - 294 - 583 Add / (deduct): Adjustment (2) (172 ) 141 - (1,575 ) Net income / (loss) on a fully converted basis $ (8,257 ) $ 6,279 $ (9,469 ) $ 41,610 Weighted average common shares outstanding - Basic 1,428,237 1,071,606 1,411,596 1,052,947 Unrestricted Operating LLC membership units exchangeable into Cohen & Company, Inc. shares (1) 3,965,405 2,855,767 - 2,846,949 Restricted units or shares - 236,940 - 191,800 Shares issuable upon conversion of dilutive convertible notes - 1,034,483 - 1,034,483 Weighted average common shares outstanding - Diluted (3) 5,393,642 5,198,796 1,411,596 5,126,179 Net income / (loss) per common share - Basic $ (1.30 ) $ 1.61 $ (6.71 ) $ 10.52 Net income / (loss) per common share - Diluted $ (1.53 ) $ 1.21 $ (6.71 ) $ 8.12 ( 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 June 30, Six Months Ended June 30, 2022 2021 2022 2021 Unrestricted Operating LLC membership units exchangeable into Cohen & Company, Inc. shares - 3,504,604 2017 Convertible Note Units - - 448,276 - Restricted Common Stock 87,944 - 84,968 - Restricted Operating LLC units 28,305 - 36,203 - 116,249 - 4,074,051 -

Note 21 - Commitments and Conti

Note 21 - Commitments and Contingencies	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	21. Legal and Regulatory Proceedings  On October 8, 2021, Cohen & Company, Ltd. v. Cohen & Company Inc. 10 April 18, 2022. From time to time, the Company is a party to various routine legal proceedings, claims, and regulatory inquiries arising out of the ordinary course of the Company’s business. Management believes that the results of these routine legal proceedings, claims, and regulatory matters will not

Note 22 - Segment and Geographi

Note 22 - Segment and Geographic Information	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	22. The Company operates within three 1. not not 1  SEGMENT INFORMATION Statement of Operations Information Six Months Ended June 30, 2022 Capital Asset Principal Segment Unallocated Markets Management Investing Total (1) Total Net trading $ 22,399 $ - $ - $ 22,399 $ - $ 22,399 Asset management - 3,787 - 3,787 - 3,787 New issue and advisory 7,251 - - 7,251 - 7,251 Principal transactions and other income 1 343 (25,309 ) (24,965 ) - (24,965 ) Total revenues 29,651 4,130 (25,309 ) 8,472 - 8,472 Compensation 17,687 2,853 410 20,950 5,143 26,093 Other Operating Expense 6,677 953 348 7,978 2,441 10,419 Total operating expenses 24,364 3,806 758 28,928 7,584 36,512 Operating income (loss) 5,287 324 (26,067 ) (20,456 ) (7,584 ) (28,040 ) Interest income (expense) (134 ) - - (134 ) (2,323 ) (2,457 ) Income (loss) from equity method affiliates - - (15,148 ) (15,148 ) - (15,148 ) Other non-operating income - - - - - - Income (loss) before income taxes 5,153 324 (41,215 ) (35,738 ) (9,907 ) (45,645 ) Income tax expense (benefit) - - - - 1,773 1,773 Net income (loss) 5,153 324 (41,215 ) (35,738 ) (11,680 ) (47,418 ) Less: Net income (loss) attributable to the non-controlling interest - - (18,871 ) (18,871 ) (19,078 ) (37,949 ) Net income (loss) attributable to Cohen & Company Inc. $ 5,153 $ 324 $ (22,344 ) $ (16,867 ) $ 7,398 $ (9,469 ) Other statement of operations data Depreciation and amortization (included in total operating expense) $ - $ 2 $ - $ 2 $ 273 $ 275 SEGMENT INFORMATION Statement of Operations Information Six Months Ended June 30, 2021 Capital Asset Principal Segment Unallocated Markets Management Investing Total (1) Total Net trading $ 37,582 $ - $ - $ 37,582 $ - $ 37,582 Asset management - 3,931 - 3,931 - 3,931 New issue and advisory 2,689 - - 2,689 - 2,689 Principal transactions and other income (1 ) 274 68,267 68,540 - 68,540 Total revenues 40,270 4,205 68,267 112,742 - 112,742 Compensation 19,277 2,662 13,260 35,199 5,638 40,837 Other Operating Expense 6,730 989 44 7,763 2,770 10,533 Total operating expenses 26,007 3,651 13,304 42,962 8,408 51,370 Operating income (loss) 14,263 554 54,963 69,780 (8,408 ) 61,372 Interest (expense) income (131 ) - - (131 ) (3,665 ) (3,796 ) Income (loss) from equity method affiliates - - 4,655 4,655 - 4,655 Other non-operating income - - - - 2,127 2,127 Income (loss) before income taxes 14,132 554 59,618 74,304 (9,946 ) 64,358 Income tax expense (benefit) - - - - 825 825 Net income (loss) 14,132 554 59,618 74,304 (10,771 ) 63,533 Less: Net income (loss) attributable to the non-controlling interest - (5 ) 20,936 20,931 31,522 52,453 Net income (loss) attributable to Cohen & Company Inc. $ 14,132 $ 559 $ 38,682 $ 53,373 $ (42,293 ) $ 11,080 Other statement of operations data Depreciation and amortization (included in total operating expense) $ 1 $ 1 $ - $ 2 $ 166 $ 168 SEGMENT INFORMATION Statement of Operations Information Three Months Ended June 30, 2022 Capital Asset Principal Segment Unallocated Markets Management Investing Total (1) Total Net trading $ 10,377 $ - $ - $ 10,377 $ - $ 10,377 Asset management - 1,898 - 1,898 - 1,898 New issue and advisory 3,481 - - 3,481 - 3,481 Principal transactions and other income 2 229 (6,833 ) (6,602 ) - (6,602 ) Total revenues 13,860 2,127 (6,833 ) 9,154 - 9,154 Compensation 7,825 1,402 216 9,443 2,771 12,214 Other Operating Expense 3,243 584 199 4,026 1,076 5,102 Total operating expenses 11,068 1,986 415 13,469 3,847 17,316 Operating income (loss) 2,792 141 (7,248 ) (4,315 ) (3,847 ) (8,162 ) Interest income (expense) (62 ) - - (62 ) (1,044 ) (1,106 ) Income (loss) from equity method affiliates - - (3,044 ) (3,044 ) - (3,044 ) Other non-operating income - - - - - - Income (loss) before income taxes 2,730 141 (10,292 ) (7,421 ) (4,891 ) (12,312 ) Income tax expense (benefit) - - - - (60 ) (60 ) Net income (loss) 2,730 141 (10,292 ) (7,421 ) (4,831 ) (12,252 ) Less: Net income (loss) attributable to the non-controlling interest - - (4,167 ) (4,167 ) (6,228 ) (10,395 ) Net income (loss) attributable to Cohen & Company Inc. $ 2,730 $ 141 $ (6,125 ) $ (3,254 ) $ 1,397 $ (1,857 ) Other statement of operations data Depreciation and amortization (included in total operating expense) $ - $ 1 $ - $ 1 $ 142 $ 143 SEGMENT INFORMATION Statement of Operations Information Three Months Ended June 30, 2021 Capital Asset Principal Segment Unallocated Markets Management Investing Total (1) Total Net trading $ 18,399 $ - $ - $ 18,399 $ - $ 18,399 Asset management - 1,838 - 1,838 - 1,838 New issue and advisory 850 - - 850 - 850 Principal transactions and other income - 114 (11,135 ) (11,021 ) - (11,021 ) Total revenues 19,249 1,952 (11,135 ) 10,066 - 10,066 Compensation 9,880 1,206 (27 ) 11,059 3,131 14,190 Other Operating Expense 3,101 589 25 3,715 1,234 4,949 Total operating expenses 12,981 1,795 (2 ) 14,774 4,365 19,139 Operating income (loss) 6,268 157 (11,133 ) (4,708 ) (4,365 ) (9,073 ) Interest (expense) income (66 ) - - (66 ) (1,716 ) (1,782 ) Income (loss) from equity method affiliates - - 5,490 5,490 - 5,490 Other non-operating income - - - - 2,127 2,127 Income (loss) before income taxes 6,202 157 (5,643 ) 716 (3,954 ) (3,238 ) Income tax expense (benefit) - - - - (43 ) (43 ) Net income (loss) 6,202 157 (5,643 ) 716 (3,911 ) (3,195 ) Less: Net income (loss) attributable to the non-controlling interest - - (9,039 ) (9,039 ) 4,119 (4,920 ) Net income (loss) attributable to Cohen & Company Inc. $ 6,202 $ 157 $ 3,396 $ 9,755 $ (8,030 ) $ 1,725 Other statement of operations data Depreciation and amortization (included in total operating expense) $ - $ 1 $ - $ 1 $ 86 $ 87   BALANCE SHEET DATA As of June 30, 2022 (Dollars in Thousands) Capital Asset Principal Segment Unallocated Markets Management Investing Total (1) Total Total Assets $ 2,177,312 $ 3,699 $ 52,158 $ 2,233,169 $ 37,926 $ 2,271,095 Included within total assets: Investments in equity method affiliates $ - $ - $ 14,369 $ 14,369 $ - $ 14,369 Goodwill (2) $ 54 $ 55 $ - $ 109 $ - $ 109 Intangible assets (2) $ 166 $ - $ - $ 166 $ - $ 166  BALANCE SHEET DATA December 31, 2021 (Dollars in Thousands) Capital Asset Principal Segment Unallocated Markets Management Investing Total (1) Total Total Assets $ 3,501,973 $ 5,251 $ 104,491 $ 3,611,715 $ 44,589 $ 3,656,304 Included within total assets: Investments in equity method affiliates $ - $ - $ 48,238 $ 48,238 $ - $ 48,238 Goodwill (2) $ 54 $ 55 $ - $ 109 $ - $ 109 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 June 30, Six Months Ended June 30, 2022 2021 2022 2021 Total Revenues: United States $ 8,278 $ 9,258 $ 6,749 $ 110,175 Europe & Other 876 808 1,723 2,567 Total $ 9,154 $ 10,066 $ 8,472 $ 112,742  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	6 Months Ended
	Jun. 30, 2022
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 $2,437 and $3,161 for the six June 30, 2022 2021 The Company paid income taxes of $417 and $139 for the six June 30, 2022 2021 six June 30, 2022 2021 For the six June 30, 2022 not ● The Company net surrendered units of membership interests in the Operating LLC. The Company recognized a net decrease in additional paid-in capital of $381, a net increase of $5 in AOCI, and an increase of $376 in non-controlling interest. ● The Company recorded a $15,000 increase in convertible non-controlling interest and a $15,000 decrease in debt as a result of the DGC Trust election to convert the 2017 ● The Company recorded a decrease in equity method affiliates of $19,357 and an increase in other investments at fair value of $19,357 ● The Company recorded a decrease in other investments at fair value of $3,885 and a corresponding decrease in non-controlling interest resulting from an in-kind distribution from a SPAC sponsor entity. ● The Company recorded an increase in other investments at fair value of $836 and a corresponding decrease in other investment, not For the six June 30, 2021 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 $2,375, a net increase of $14 in AOCI, and a decrease of $2,361 in non-controlling interest. See note 17. ● The Company recorded a decrease of $2,103 in due from related party, a corresponding increase of $701 in other investments at fair value, and a corresponding decrease of $1,402 to non-controlling interest, all as a result an in-kind distribution of incremental LP interests, from the 2020 ● The Company recorded a decrease of $3,958 in equity method affiliates and a $31,049 decrease in other investments, at fair value and a corresponding decrease in non-controlling interest resulting from an in-kind distribution due to the completion of the Insurance SPAC II Merger. ● The Company recorded a decrease in other investments at fair value of $20,119 resulting from an in-kind distribution relating to the Insurance SPAC Merger. 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 13. The Company has no not The following table shows the impact of changes in these collateral deposits had on our cash flows in each period presented: Six Months Ended June 30, 2022 2021 Collateral deposit end of period $ 27,884 $ 32,599 Less: Collateral deposit beginning of period 17,320 41,119 Impact to cash flow from operations $ 10,564 $ (8,520 )

Note 24 - Related Party Transac

Note 24 - Related Party Transactions	6 Months Ended
	Jun. 30, 2022
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 six June 30, 2022 2021 A. Daniel G. Cohen/Cohen Bros. Financial, LLC (“CBF”)/ EBC 2013  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, March 2021 October 2020, 15 16. 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, 2013 September 25, 2019, 2013 2019 September 25, 2020 2019 September 25, 2021. 2019 September 24, 2021. 20 10 December 31, 2021. B. 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, January 2017 January 2019 15. On January 31, 2020, 2020 January 31, 2022, 2022 16.  C. DGC Trust  DGC Trust has been identified as a related party because Daniel G. Cohen's children are the beneficiaries of the trust and the 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 In March 2017, 2017 2017 March 20, 2022, 16.  D. 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.  E. FinTech Masala, LLC  The Company engaged Betsy Cohen on behalf of FinTech Masala, LLC as a consultant to provide certain services related to the Insurance SPAC II. The Company agreed to pay a consultant fee of $1 per month, which commenced on October 1, 2020, February 2021. The Company engaged Betsy Cohen on behalf of FinTech Masala, LLC as a consultant to provide certain services related to the Insurance SPAC III. The Company agreed to pay a consultant fee of $1 per month, which commenced on December 1, 2020, thirty  F. Investment Vehicle and Other  FlipOs (previously Stoa USA, Inc.) FlipOs is a related party because Daniel Cohen is a member of the board of directors of FlipOs. As of December 31, 2021 CK Capital and AOI  CK Capital and AOI are related parties as they are equity method investments of the Company. In December 2019, December 2019, may 11. Insurance SPAC II Prior to February 9, 2021, September 2, 2020, first no Insurance SPAC III Insurance SPAC III is a related party as it is an equity method investment of the Company. The Operating LLC is the manager of the Insurance SPAC III Sponsor Entities and the Company consolidates the Insurance SPAC III Sponsor Entities. As of June 30, 2022 47.3% December 17, 2020, first may The Operating LLC loaned to Insurance SPAC III approximately $71 to cover IPO expenses, which was repaid in full at the closing of the IPO. Insurance Acquisition Sponsor III and its affiliates, including the Operating LLC, have also committed to loan Insurance SPAC III up to an additional $1,500 to cover operating and acquisition related expenses following the IPO, of which $960 was borrowed by Insurance SPAC III as of June 30, 2022 25. no not no 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 June 30, 2022  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 is shown in the tables below. As of June 30, 2022 ed 3.1% o CREO JV CREO JV is considered a related party because it is an equity method investment. The Company has an investment in and a management contract with CREO JV. Income earned or loss incurred on the investment are included as part of principal transactions and other in come. As of June 30, 2022 , the Company owned 7.5% of th 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 Fintech Acquisition Corp. IV ("FTAC IV") was a SPAC. The sponsor of Fintech Acquisition Corp. IV ("FTAC IV Sponsor") is a related party as it is an equity method investment of the Company. The Company made a sponsor investment in FTAC IV Sponsor, receiving a final a llocation of 81,825 found September 29, 2020, not 24 nal 24,547 fou Fintech Acquisition Corp. V ("FTAC V") is a SPAC. The sponsor of Fintech Acquisition Corp. V ("FTAC V Sponsor") is a related party as it is an equity method investment of the Company. The Company made a sponsor investment in FTAC V Sponsor, receiving an initial allocation of 140,000 founder shares. On December 14, 2020, not 24 Fintech Acquisition Corp. VI ("FTAC VI") is a SPAC. The sponsor of Fintech Acquisition Corp. VI ("FTAC VI Sponsor") is a related party as it is an equity method investment of the Company. On June 26, 2021, not 24 FTAC Olympus Acquisition Corp ("FTAC Olympus") was a SPAC. The sponsor of FTAC 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 a final allocation of 399,741 founders shares of FTAC Olympus stock for $2. In addition, on September 8, 2020, not 24 FTAC Athena Acquisition Corp. ("FTAC Athena") is a SPAC. The sponsor of FTAC Athena Acquisition Corp. ("FTAC Athena Sponsor") is a related party as it is an equity method investment of the Company. On February 26, 2021, not 24 FTAC Hera Acquisition Corp. ("FTAC Hera") is a SPAC. The sponsors of FTAC Hera Acquisition Corp. ("FTAC Hera Sponsors") is a related party as it is an equity method investment of the Company. On March 5, 2021, not 24 FTAC Parnassus Acquisition Corp. ("FTAC Parnassus") is a SPAC. The sponsors of FTAC Parnassus Acquisition Corp. ("FTAC Parnassus Sponsors") is a related party as it is an equity method investment of the Company. On March 15, 2021, not 24 FTAC Zeus Acquisition Corp. ("FTAC Zeus") is a SPAC. The sponsors of FTAC Zeus Acquisition Corp. ("FTAC Sponsors") is a related party as it is an equity method investment of the Company. On November 24, 2021, not 24 FTAC Emerald Acquisition Corp. ("FTAC Emerald") is a SPAC. The sponsors of FTAC Emerald Acquisition Corp. ("FTAC Emerald Sponsors") is a related party as it is an equity method investment of the Company. On December 20, 2021, not 24 Other The Company invests in sponsor entities of SPACS, either directly or through its interest in the SPAC Series Funds, that are not June 30, 2022 The following tables display the routine transactions recognized in the consolidated statements of operations from the identified related parties that are described above. Three Months Ended Six Months Ended June 30, 2022 June 30, 2021 June 30, 2022 June 30, 2021 Asset management SPAC Fund $ 261 $ 292 $ 543 $ 507 Other SPAC Entities - - - 319 U.S. Insurance JV 269 104 535 195 $ 530 $ 396 $ 1,078 $ 1,021 Principal transactions and other income Insurance SPAC II $ - $ - $ - $ 40 Insurance SPAC III 60 60 120 120 FlipOS 4,504 - 4,196 - Other SPAC Entities 35 72 60 87 SPAC Fund (8 ) (10 ) (63 ) 468 U.S. Insurance JV (190 ) 97 (110 ) 259 CREO 37 - 117 - $ 4,438 $ 219 $ 4,320 $ 974 Income (loss) from equity method affiliates Dutch Real Estate Entities $ (257 ) $ 49 $ (265 ) $ (83 ) Insurance SPAC II - - - (107 ) Insurance SPAC III (366 ) (236 ) (955 ) (690 ) Other SPAC Entities (2,421 ) 5,677 (13,928 ) 5,535 $ (3,044 ) $ 5,490 $ (15,148 ) $ 4,655 Operating expense (income) Duane Morris $ 153 $ 140 $ 295 $ 538 FinTech Masala, LLC (20 ) (11 ) (38 ) (20 ) $ 133 $ 129 $ 257 $ 518 Interest expense (income) CBF $ - $ - $ - $ 197 DGC Trust - 381 327 756 EBC - 72 - 143 JKD Investor 290 544 561 1,136 $ 290 $ 997 $ 888 $ 2,232  The following related party transactions are non-routine and are not H. 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 not were $103 three six June 30, 2022 were $72 three six June 30, 2021 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 Company recorded $24 of rent expense related to this office space for the three June 30, 2022 2021 six June 30, 2022 2021 June 20, 2022.

Note 25 - Due From Due to Relat

Note 25 - Due From Due to Related Parties	6 Months Ended
	Jun. 30, 2022
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) June 30, 2022 December 31, 2021 CK Capital $ - $ 137 U.S. Insurance JV 225 147 Insurance SPAC III 960 500 SPAC Fund 343 3,653 Employee & other 306 144 Due from related parties $ 1,834 $ 4,581 

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Adoption of New Accounting Standards [Policy Text Block]	A. Adoption of New Accounting Standards In December 2019, 2019 12, Income Taxes (Topic 740 740 2019 12, January 1, 2021, not  In January 2020, 2020 01, Investments—Equity Securities (Topic 321 323 815 321, 323, 815 321 2020 01, January 1, 2021, not In March 2020, 2020 04 , Reference Rate Reform (Topic 848 January 2021 2021 01 Reference Rate Reform (Topic 848 December 31, 2022. 2020 04 2021 01, March 12, 2020, not In October 2020, 2020 08, Codification Improvements to Subtopic 310 20, Nonrefundable Fees and Other Costs. 310 20 35 33 2020 08, January 1, 2022, not In October 2020, 2020 10, Codification Improvements. 2020 10, January 1, 2022, not In May 2021, 2021 04, Earnings Per Share (Topic 260 470 50 718 815 40 not 1 2 3 2021 04, January 1, 2022, not   In October 2021, 2021 08, Business Combinations (Topic 805 606 not 2021 08, January 1, 2022, not   In October 2021, 2021 10, Government Assistance (Topic 832 2021 10, January 1, 2022, not  
New Accounting Pronouncements, Policy [Policy Text Block]	B. Recent Accounting Developments In August 2020, 2020 06, Debt—Debt with Conversion and Other Options (Subtopic 470 20 815 40 December 15, 2023, may In March 2022, 2022 02, Financial Instruments—Credit Losses (Topic 326 December 15, 2022, may In June 2022, 2022 03, Fair Value Measurement (Topic 820 not not 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 not  Cash and cash equivalents 1 Investments-trading third not Other investments, at fair value not Other investments sold, not not Receivables under resale agreements 2 Trading securities sold, not third not Securities sold under agreements to repurchase 2 Redeemable financial instruments 3 Debt June 30, 2022 December 31, 2021 pany’s de bt was estimated to be $31,958 and $54,284 , respectively. The estim ated f 3 Derivatives may not not third  

Note 2 - Basis of Presentation

Note 2 - Basis of Presentation (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Error Corrections and Prior Period Adjustments [Table Text Block]	Balance Sheet As Stated Revised Change Deferred income taxes $ 9,468 $ 11,513 $ 2,045 Accounts payable and other liabilities 22,701 22,819 118 Accumulated deficit (9,730 ) (9,204 ) 526 Non-controlling interest $ 88,091 $ 89,492 $ 1,401 Income Statement Income tax expense (benefit) $ (1,614 ) $ (3,541 ) $ (1,927 ) Net Income (loss) 72,111 74,038 1,927 Net Income attributable to non-controlling interests 60,829 62,230 1,401 Net income (loss) attributable to Cohen & Company, Inc. $ 11,282 $ 11,808 $ 526 Basic Earnings Per Share $ 9.50 $ 9.95 $ 0.45 Diluted Earnings Per Share $ 7.48 $ 7.83 $ 0.35

Note 5 - Net Trading (Tables)

Note 5 - Net Trading (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Net Trading [Table Text Block]	Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, 2022 2021 2022 2021 Net realized gains (losses) - trading inventory $ 5,112 $ (2,786 ) $ 9,727 $ 15,115 Net unrealized gains (losses) - trading inventory (2,927 ) 7,467 (6,190 ) (4,087 ) Net gains and losses 2,185 4,681 3,537 11,028 Interest income- trading inventory 745 1,709 1,836 3,465 Interest income-reverse repos 12,303 20,056 28,002 39,391 Interest income 13,048 21,765 29,838 42,856 Interest expense-repos (7,561 ) (10,275 ) (15,223 ) (20,387 ) Interest expense-margin payable (415 ) (202 ) (608 ) (393 ) Interest expense (7,976 ) (10,477 ) (15,831 ) (20,780 ) Other trading revenue 3,120 2,430 4,855 4,478 Net trading $ 10,377 $ 18,399 $ 22,399 $ 37,582

Note 6 - Receivables from and_2

Note 6 - Receivables from and Payables to Brokers, Dealers, and Clearing Agencies (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Due to (from) Broker-Dealer and Clearing Organization [Table Text Block]	June 30, 2022 December 31, 2021 Deposits with clearing agencies $ 250 $ 250 Unsettled regular way trades, net 12,556 2,827 Receivables from clearing agencies 128,992 65,315 Receivables from brokers, dealers, and clearing agencies $ 141,798 $ 68,392 June 30, 2022 December 31, 2021 Margin payable $ 137,877 $ 160,896 Payables to brokers, dealers, and clearing agencies $ 137,877 $ 160,896

Note 7 - Financial Instruments

Note 7 - Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Debt Securities, Trading, and Equity Securities, FV-NI [Table Text Block]	June 30, 2022 December 31, 2021 U.S. government agency MBS and CMOs $ 110,541 $ 134,093 U.S. government agency debt securities 27,435 22,373 RMBS 7 9 U.S. Treasury securities 9,063 - ABS 1 1 Corporate bonds and redeemable preferred stock 47,856 45,519 Foreign government bonds 187 467 Municipal bonds 1,767 18,841 Certificates of deposit - 169 Derivatives 4,189 1,275 Equity securities 878 1,118 Investments-trading $ 201,924 $ 223,865
Investments Sold, Not yet Purchased [Table Text Block]	June 30, 2022 December 31, 2021 U.S. government agency debt securities $ 1 $ 1 U.S. Treasury securities 83,416 29,513 Corporate bonds and redeemable preferred stock 55,248 32,574 Derivatives 2,884 424 Trading securities sold, not yet purchased $ 141,549 $ 62,512 June 30, 2022 December 31, 2021 Equity securities $ 128 $ 2,488 Other investments sold, not yet purchased $ 128 $ 2,488
Schedule of Other Investments at Fair Value [Table Text Block]	June 30, 2022 December 31, 2021 Equity securities 20,089 $ 27,104 Restricted equity securities 6,385 17,078 Corporate bonds and redeemable preferred stock 476 476 CREO 6,653 5,830 U.S. Insurance JV 3,338 3,450 SPAC Fund 506 1,980 Residential loans 111 115 Other investments, at fair value $ 37,558 $ 56,033

Note 8 - Fair Value Disclosur_2

Note 8 - Fair Value Disclosures (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	Significant Significant Quoted Prices in Observable Unobservable Active Markets Inputs Inputs Assets Fair Value (Level 1) (Level 2) (Level 3) Investments-trading: U.S. government agency MBS and CMOs $ 110,541 $ - $ 110,541 $ - U.S. government agency debt securities 27,435 - 27,435 - RMBS 7 - 7 - U.S. Treasury securities 9,063 9,063 - - ABS 1 - 1 - Corporate bonds and redeemable preferred stock 47,856 - 47,856 - Foreign government bonds 187 - 187 - Municipal bonds 1,767 - 1,767 - Derivatives 4,189 - 4,189 - Equity securities 878 - 878 - Total investments - trading $ 201,924 $ 9,063 $ 192,861 $ - Other investments, at fair value: Equity securities $ 20,089 $ 20,089 $ - $ - Restricted equity securities 6,385 - 6,385 - Corporate bonds and redeemable preferred stock 476 - 476 - Residential loans 111 - 111 - 27,061 $ 20,089 $ 6,972 $ - Investments measured at NAV (1) 10,497 Total other investments, at fair value $ 37,558 Liabilities Trading securities sold, not yet purchased: U.S. government agency debt securities $ 1 $ - $ 1 $ - U.S. Treasury securities 83,416 83,416 - - Corporate bonds and redeemable preferred stock 55,248 - 55,248 - Derivatives 2,884 - 2,884 - Total trading securities sold, not yet purchased $ 141,549 $ 83,416 $ 58,133 $ -  Other investments, sold not yet purchased: Equity securities $ 128 $ 128 $ - $ - Total other investments sold, not yet purchased $ 128 $ 128 $ - $ - Significant Significant Quoted Prices in Observable Unobservable Active Markets Inputs Inputs Assets Fair Value (Level 1) (Level 2) (Level 3) Investments-trading: U.S. government agency MBS and CMOs $ 134,093 $ - $ 134,093 $ - U.S. government agency debt securities 22,373 - 22,373 - RMBS 9 - 9 - U.S. Treasury securities - - - - ABS 1 - 1 - Corporate bonds and redeemable preferred stock 45,519 - 45,519 - Foreign government bonds 467 - 467 - Municipal bonds 18,841 - 18,841 - Certificates of deposit 169 - 169 - Derivatives 1,275 - 1,275 - Equity securities 1,118 - 1,118 - Total investments - trading $ 223,865 $ - $ 223,865 $ - Other investments, at fair value: Equity Securities $ 27,104 $ 27,104 $ - $ - Restricted Equity Securities 17,078 - 17,078 - Corporate bonds and redeemable preferred stock 476 - 476 - Residential loans 115 - 115 - 44,773 $ 27,104 $ 17,669 $ - Investments measured at NAV (1) 11,260 Total other investments, at fair value $ 56,033 Liabilities Trading securities sold, not yet purchased: U.S. Treasury securities $ 29,513 $ 29,513 $ - $ - Corporate bonds and redeemable preferred stock 32,574 - 32,574 - US Government Agency debt 1 1 - - Derivatives 424 - 424 - Total trading securities sold, not yet purchased $ 62,512 $ 29,514 $ 32,998 $ -  Other investments, sold not yet purchased: Equity securities $ 2,488 $ 2,488 $ - $ - Total other investments sold, not yet purchased $ 2,488 $ 2,488 $ - $ -
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Table Text Block]	Fair Value Unfunded Commitments Redemption Frequency Redemption Notice Period June 30, 2022 Other investments, at fair value CREO (a) $ 6,653 $ 8,464 N/A N/A U.S. Insurance JV (b) 3,338 N/A N/A N/A SPAC Fund (c) 506 N/A Quarterly after 1 year lock up 30 days $ 10,497 Fair Value Unfunded Commitments Redemption Frequency Redemption Notice Period December 31, 2021 Other investments, at fair value CREO (a) $ 5,830 $ 9,170 N/A N/A U.S. Insurance JV (b) 3,450 N/A N/A N/A SPAC Fund (c) 1,980 N/A Quarterly after 1 year lock up 30 days $ 11,260

Note 9 - Derivative Financial_2

Note 9 - Derivative Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2022
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 June 30, 2022 December 31, 2021 TBAs and other forward agency MBS Investments-trading $ 4,189 $ 1,275 TBAs and other forward agency MBS Trading securities sold, not yet purchased (2,884 ) (424 ) $ 1,305 $ 851
Derivative Instruments, Gain (Loss) [Table Text Block]	Derivative Financial Instruments Not Designated as Hedging Instruments Under FASB ASC 815 Income Statement Classification Three Months Ended June 30, 2022 Three Months Ended June 30, 2021 Other extended settlement trades Revenue-net trading $ - $ 20 TBAs and other forward agency MBS Revenue-net trading 2,960 1,967 Equity derivatives Principal transactions and other income - 58 $ 2,960 $ 2,045 Derivative Financial Instruments Not Designated as Hedging Instruments Under FASB ASC 815 Income Statement Classification Six Months Ended June 30, 2022 Six Months Ended June 30, 2021 Other extended settlement trades Revenue-net trading $ - $ 20 TBAs and other forward agency MBS Revenue-net trading 5,598 4,576 Equity derivatives Principal transactions and other income - 192 $ 5,598 $ 4,788

Note 10 - Collateralized Secu_2

Note 10 - Collateralized Securities Transactions (Tables)	6 Months Ended
	Jun. 30, 2022
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 MBS (gestation repo) $ 68,114 $ 1,722,355 $ - - $ 1,790,469 $ 68,114 $ 1,722,355 $ - $ - $ 1,790,469 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 MBS (gestation repo) $ 68,160 $ 1,724,165 $ - $ - $ 1,792,325 $ 68,160 $ 1,724,165 $ - $ - $ 1,792,325 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 MBS (gestation repo) $ - $ 3,171,415 $ - $ - $ 3,171,415 $ - $ 3,171,415 $ - $ - $ 3,171,415 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 MBS (gestation repo) $ - $ 3,175,645 $ - $ - $ 3,175,645 $ - $ 3,175,645 $ - $ - $ 3,175,645

Note 11 - Investments in Equi_2

Note 11 - Investments in Equity Method Affiliates (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Equity Method Investments [Table Text Block]	Insurance SPACs Dutch Real Estate Entities Other SPAC Sponsor Entities Total January 1, 2022 $ 4,543 $ 5,600 $ 38,095 $ 48,238 Investments / advances - - 700 700 Distributions / repayments - - (64 ) (64 ) Reclasses to (from) - - (19,357 ) (19,357 ) Earnings / (loss) realized (957 ) (264 ) (13,927 ) (15,148 ) June 30, 2022 $ 3,586 $ 5,336 $ 5,447 $ 14,369 Insurance SPACs Dutch Real Estate Entities Other SPAC Sponsor Entities Total January 1, 2021 $ 9,807 $ 3,312 $ 363 $ 13,482 Investments / advances - 2,425 5,967 8,392 Distributions / repayments (3,958 ) - (249 ) (4,207 ) Reclasses to (from) - - (5,439 ) (5,439 ) Earnings / (loss) realized (1,306 ) (137 ) 37,453 36,010 December 31, 2021 $ 4,543 $ 5,600 $ 38,095 $ 48,238
Other SPAC Sponsor Entities [Table Text Block]	Entity Ticker Equity Method Carrying Value Archer Aviation Inc. ACHR 26 Wejo Group Ltd. WEJO 342 Alpha Tau Medical Ltd. DRTS 1,073 Parella Weinberg Partners PWP 69 Various other Sponsor Entities 3,937 Total $ 5,447 Entity Ticker Equity Method Carrying Value Parella Weinberg Partners PWP $ 1,128 Archer Aviation Inc. ACHR 728 Wejo Group Ltd. WEJO 1,963 Heliogen, Inc. HLGN 28,448 Various other Sponsor Entities 5,828 Total $ 38,095

Note 12 - Leases (Tables)

Note 12 - Leases (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	As of June 30, 2022 2022 - remaining $ 1,120 2023 2,643 2024 2,115 2025 1,760 2026 1,504 Thereafter 3,753 Total 12,895 Less imputed interest (1,705 ) Lease obligation $ 11,190

Note 13 - Other Receivables, _2

Note 13 - Other Receivables, Other Assets, Accounts Payable and Other Liabilities (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	June 30, 2022 December 31, 2021 Asset management fees receivable $ 927 $ 962 Accrued interest receivable and dividend receivable 1,483 1,394 Revenue share receivable 129 108 Miscellaneous other receivables 4,104 739 Other receivables $ 6,643 $ 3,203
Schedule of Other Assets [Table Text Block]	June 30, 2022 December 31, 2021 Deferred costs $ 176 $ 240 Prepaid expenses 1,424 1,286 Deposits 442 479 Miscellaneous other assets - 258 Furniture, equipment, and leasehold improvements, net 1,574 1,456 Intangible assets 166 166 Other assets $ 3,782 $ 3,885
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]	June 30, 2022 December 31, 2021 Accounts payable $ 352 $ 122 Redeemable financial instruments accrued interest 177 291 Accrued income tax 174 179 Accrued interest payable 302 558 Accrued interest on securities sold, not yet purchased 1,339 704 Payroll taxes payable 1,378 1,548 Counterparty cash collateral 27,884 17,320 Accrued expense and other liabilities 1,871 2,097 Accounts payable and other liabilities $ 33,477 $ 22,819

Note 14 - Variable Interest E_2

Note 14 - Variable Interest Entities (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Summary of Consolidated Variable Interest Entities [Table Text Block]	As of June 30, 2022 As of December 31, 2021 Cash and cash equivalents $ 49 $ 43 Receivables - - Other investments, at fair value 652 9,543 Investment in equity method affiliates 3,648 33,080 Non-controlling interest (4,701 ) (29,979 ) Investment in consolidated VIEs $ (352 ) $ 12,687
Schedule of Variable Interest Entities [Table Text Block]	As of June 30, 2022 As of December 31, 2021 Other investments, at fair value $ 10,497 $ 11,260 Investments in equity method affiliates 9,033 5,015 Maximum exposure $ 19,530 $ 16,275

Note 15 - Redeemable Financia_2

Note 15 - Redeemable Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Redeemable Financial Instruments [Table Text Block]	As of June 30, 2022 As of December 31, 2021 JKD Capital Partners I LTD $ 7,957 $ 7,957 $ 7,957 $ 7,957

Note 16 - Debt (Tables)

Note 16 - Debt (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Debt [Table Text Block]	As of As of Interest Description June 30, 2022 December 31, 2021 Rate Terms Interest (3) Maturity Non-convertible debt: 10.00% senior note (the "2020 Senior Notes") $ 4,500 $ 4,500 Fixed 10.00% January 2024 Contingent convertible debt: 8.00% convertible senior note (the "2017 Convertible Note") - 15,000 Fixed 8.00% March 2023 (1) Less unamortized debt issuance costs - (67 ) - 14,933 Junior subordinated notes (2): Alesco Capital Trust I 28,125 28,125 Variable 5.29% July 2037 Sunset Financial Statutory Trust I 20,000 20,000 Variable 5.15% March 2035 Less unamortized discount (23,888 ) (24,164 ) 24,237 23,961 ByLine Bank - - Variable NA December 2023 Total $ 28,737 $ 43,394
Schedule Of Interest Expense By Debt Instrument [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Junior subordinated notes $ 756 $ 652 $ 1,413 $ 1,299 2020 Senior Notes 112 135 231 268 2017 Convertible Note - 381 327 756 2013 Convertible Notes / 2019 Senior Notes - 72 - 143 Byline Credit Facility 62 66 134 131 Redeemable Financial Instrument - DGC Trust / CBF - - - 197 Redeemable Financial Instrument - JKD Capital Partners I LTD 176 476 352 1,002 $ 1,106 $ 1,782 $ 2,457 $ 3,796

Note 17 - Equity (Tables)

Note 17 - Equity (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule Of Unrestricted Common Stock And Restricted Common Stock Activity [Table Text Block]	Common Stock Shares December 31, 2021 1,331,150 Vesting of shares 113,234 Shares withheld for employee taxes and retired (15,501 ) Repurchase and retirement of Common Stock - June 30, 2022 1,428,883
Units Received Pursuant To Agreement [Table Text Block]	Operating LLC Membership Units Other units related to UIS Agreement 977,330 Total 977,330
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Table Text Block]	Six Months Ended Six Months Ended June 30, 2022 June 30, 2021 Net income / (loss) attributable to Cohen & Company Inc. $ (9,469 ) $ 11,080 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 (381 ) 2,375 Changes from net income / (loss) attributable to Cohen & Company Inc. and transfers (to) from the non-controlling interest $ (9,850 ) $ 13,455
Non-controlling Interest, Changes in Ownership Activity [Table Text Block]	Operating LLC Insurance SPAC III Sponsor Entities Other Consolidated Subsidiaries Total December 31, 2021 $ 57,628 $ 4,808 $ 27,056 $ 89,492 Non-controlling interest share of (loss) (19,078 ) (483 ) (18,388 ) (37,949 ) Other comprehensive (loss) (193 ) - - (193 ) Acquisition / (surrender) of additional units of consolidated subsidiary 376 - - 376 Equity-based compensation 1,561 - - 1,561 Shares withheld for employee taxes (158 ) - - (158 ) Investment in convertible non-controlling interest of Cohen & Company Inc. 15,000 - - 15,000 Investment in non-convertible non-controlling interest of Operating LLC - - 9 9 Distributions to convertible non-controlling interest of Cohen & Company Inc. (4,535 ) - - (4,535 ) Distributions to non-convertible non-controlling interest of Operating LLC - - (8,300 ) (8,300 ) June 30, 2022 $ 50,601 $ 4,325 $ 377 $ 55,303

Note 20 - Earnings (Loss) Per_2

Note 20 - Earnings (Loss) Per Common Share (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Net income / (loss) attributable to Cohen & Company Inc. $ (1,857 ) $ 1,725 $ (9,469 ) $ 11,080 Add: Net income (loss) attributable to the convertible non-controlling interest of Cohen & Company Inc. (6,228 ) 4,119 - 31,522 Add: Interest expense incurred on dilutive convertible notes - 294 - 583 Add / (deduct): Adjustment (2) (172 ) 141 - (1,575 ) Net income / (loss) on a fully converted basis $ (8,257 ) $ 6,279 $ (9,469 ) $ 41,610 Weighted average common shares outstanding - Basic 1,428,237 1,071,606 1,411,596 1,052,947 Unrestricted Operating LLC membership units exchangeable into Cohen & Company, Inc. shares (1) 3,965,405 2,855,767 - 2,846,949 Restricted units or shares - 236,940 - 191,800 Shares issuable upon conversion of dilutive convertible notes - 1,034,483 - 1,034,483 Weighted average common shares outstanding - Diluted (3) 5,393,642 5,198,796 1,411,596 5,126,179 Net income / (loss) per common share - Basic $ (1.30 ) $ 1.61 $ (6.71 ) $ 10.52 Net income / (loss) per common share - Diluted $ (1.53 ) $ 1.21 $ (6.71 ) $ 8.12
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Unrestricted Operating LLC membership units exchangeable into Cohen & Company, Inc. shares - 3,504,604 2017 Convertible Note Units - - 448,276 - Restricted Common Stock 87,944 - 84,968 - Restricted Operating LLC units 28,305 - 36,203 - 116,249 - 4,074,051 -

Note 22 - Segment and Geograp_2

Note 22 - Segment and Geographic Information (Tables)	6 Months Ended
	Jun. 30, 2022
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 $ 22,399 $ - $ - $ 22,399 $ - $ 22,399 Asset management - 3,787 - 3,787 - 3,787 New issue and advisory 7,251 - - 7,251 - 7,251 Principal transactions and other income 1 343 (25,309 ) (24,965 ) - (24,965 ) Total revenues 29,651 4,130 (25,309 ) 8,472 - 8,472 Compensation 17,687 2,853 410 20,950 5,143 26,093 Other Operating Expense 6,677 953 348 7,978 2,441 10,419 Total operating expenses 24,364 3,806 758 28,928 7,584 36,512 Operating income (loss) 5,287 324 (26,067 ) (20,456 ) (7,584 ) (28,040 ) Interest income (expense) (134 ) - - (134 ) (2,323 ) (2,457 ) Income (loss) from equity method affiliates - - (15,148 ) (15,148 ) - (15,148 ) Other non-operating income - - - - - - Income (loss) before income taxes 5,153 324 (41,215 ) (35,738 ) (9,907 ) (45,645 ) Income tax expense (benefit) - - - - 1,773 1,773 Net income (loss) 5,153 324 (41,215 ) (35,738 ) (11,680 ) (47,418 ) Less: Net income (loss) attributable to the non-controlling interest - - (18,871 ) (18,871 ) (19,078 ) (37,949 ) Net income (loss) attributable to Cohen & Company Inc. $ 5,153 $ 324 $ (22,344 ) $ (16,867 ) $ 7,398 $ (9,469 ) Other statement of operations data Depreciation and amortization (included in total operating expense) $ - $ 2 $ - $ 2 $ 273 $ 275 Capital Asset Principal Segment Unallocated Markets Management Investing Total (1) Total Net trading $ 37,582 $ - $ - $ 37,582 $ - $ 37,582 Asset management - 3,931 - 3,931 - 3,931 New issue and advisory 2,689 - - 2,689 - 2,689 Principal transactions and other income (1 ) 274 68,267 68,540 - 68,540 Total revenues 40,270 4,205 68,267 112,742 - 112,742 Compensation 19,277 2,662 13,260 35,199 5,638 40,837 Other Operating Expense 6,730 989 44 7,763 2,770 10,533 Total operating expenses 26,007 3,651 13,304 42,962 8,408 51,370 Operating income (loss) 14,263 554 54,963 69,780 (8,408 ) 61,372 Interest (expense) income (131 ) - - (131 ) (3,665 ) (3,796 ) Income (loss) from equity method affiliates - - 4,655 4,655 - 4,655 Other non-operating income - - - - 2,127 2,127 Income (loss) before income taxes 14,132 554 59,618 74,304 (9,946 ) 64,358 Income tax expense (benefit) - - - - 825 825 Net income (loss) 14,132 554 59,618 74,304 (10,771 ) 63,533 Less: Net income (loss) attributable to the non-controlling interest - (5 ) 20,936 20,931 31,522 52,453 Net income (loss) attributable to Cohen & Company Inc. $ 14,132 $ 559 $ 38,682 $ 53,373 $ (42,293 ) $ 11,080 Other statement of operations data Depreciation and amortization (included in total operating expense) $ 1 $ 1 $ - $ 2 $ 166 $ 168 Capital Asset Principal Segment Unallocated Markets Management Investing Total (1) Total Net trading $ 10,377 $ - $ - $ 10,377 $ - $ 10,377 Asset management - 1,898 - 1,898 - 1,898 New issue and advisory 3,481 - - 3,481 - 3,481 Principal transactions and other income 2 229 (6,833 ) (6,602 ) - (6,602 ) Total revenues 13,860 2,127 (6,833 ) 9,154 - 9,154 Compensation 7,825 1,402 216 9,443 2,771 12,214 Other Operating Expense 3,243 584 199 4,026 1,076 5,102 Total operating expenses 11,068 1,986 415 13,469 3,847 17,316 Operating income (loss) 2,792 141 (7,248 ) (4,315 ) (3,847 ) (8,162 ) Interest income (expense) (62 ) - - (62 ) (1,044 ) (1,106 ) Income (loss) from equity method affiliates - - (3,044 ) (3,044 ) - (3,044 ) Other non-operating income - - - - - - Income (loss) before income taxes 2,730 141 (10,292 ) (7,421 ) (4,891 ) (12,312 ) Income tax expense (benefit) - - - - (60 ) (60 ) Net income (loss) 2,730 141 (10,292 ) (7,421 ) (4,831 ) (12,252 ) Less: Net income (loss) attributable to the non-controlling interest - - (4,167 ) (4,167 ) (6,228 ) (10,395 ) Net income (loss) attributable to Cohen & Company Inc. $ 2,730 $ 141 $ (6,125 ) $ (3,254 ) $ 1,397 $ (1,857 ) Other statement of operations data Depreciation and amortization (included in total operating expense) $ - $ 1 $ - $ 1 $ 142 $ 143 Capital Asset Principal Segment Unallocated Markets Management Investing Total (1) Total Net trading $ 18,399 $ - $ - $ 18,399 $ - $ 18,399 Asset management - 1,838 - 1,838 - 1,838 New issue and advisory 850 - - 850 - 850 Principal transactions and other income - 114 (11,135 ) (11,021 ) - (11,021 ) Total revenues 19,249 1,952 (11,135 ) 10,066 - 10,066 Compensation 9,880 1,206 (27 ) 11,059 3,131 14,190 Other Operating Expense 3,101 589 25 3,715 1,234 4,949 Total operating expenses 12,981 1,795 (2 ) 14,774 4,365 19,139 Operating income (loss) 6,268 157 (11,133 ) (4,708 ) (4,365 ) (9,073 ) Interest (expense) income (66 ) - - (66 ) (1,716 ) (1,782 ) Income (loss) from equity method affiliates - - 5,490 5,490 - 5,490 Other non-operating income - - - - 2,127 2,127 Income (loss) before income taxes 6,202 157 (5,643 ) 716 (3,954 ) (3,238 ) Income tax expense (benefit) - - - - (43 ) (43 ) Net income (loss) 6,202 157 (5,643 ) 716 (3,911 ) (3,195 ) Less: Net income (loss) attributable to the non-controlling interest - - (9,039 ) (9,039 ) 4,119 (4,920 ) Net income (loss) attributable to Cohen & Company Inc. $ 6,202 $ 157 $ 3,396 $ 9,755 $ (8,030 ) $ 1,725 Other statement of operations data Depreciation and amortization (included in total operating expense) $ - $ 1 $ - $ 1 $ 86 $ 87
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	Capital Asset Principal Segment Unallocated Markets Management Investing Total (1) Total Total Assets $ 2,177,312 $ 3,699 $ 52,158 $ 2,233,169 $ 37,926 $ 2,271,095 Included within total assets: Investments in equity method affiliates $ - $ - $ 14,369 $ 14,369 $ - $ 14,369 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 $ 3,501,973 $ 5,251 $ 104,491 $ 3,611,715 $ 44,589 $ 3,656,304 Included within total assets: Investments in equity method affiliates $ - $ - $ 48,238 $ 48,238 $ - $ 48,238 Goodwill (2) $ 54 $ 55 $ - $ 109 $ - $ 109 Intangible assets (2) $ 166 $ - $ - $ 166 $ - $ 166
Revenue from External Customers by Geographic Areas [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Total Revenues: United States $ 8,278 $ 9,258 $ 6,749 $ 110,175 Europe & Other 876 808 1,723 2,567 Total $ 9,154 $ 10,066 $ 8,472 $ 112,742

Note 23 - Supplemental Cash F_2

Note 23 - Supplemental Cash Flow Disclosure (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Financial Instruments Owned and Pledged as Collateral [Table Text Block]	Six Months Ended June 30, 2022 2021 Collateral deposit end of period $ 27,884 $ 32,599 Less: Collateral deposit beginning of period 17,320 41,119 Impact to cash flow from operations $ 10,564 $ (8,520 )

Note 24 - Related Party Trans_2

Note 24 - Related Party Transactions (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Related Party Transactions [Table Text Block]	Three Months Ended Six Months Ended June 30, 2022 June 30, 2021 June 30, 2022 June 30, 2021 Asset management SPAC Fund $ 261 $ 292 $ 543 $ 507 Other SPAC Entities - - - 319 U.S. Insurance JV 269 104 535 195 $ 530 $ 396 $ 1,078 $ 1,021 Principal transactions and other income Insurance SPAC II $ - $ - $ - $ 40 Insurance SPAC III 60 60 120 120 FlipOS 4,504 - 4,196 - Other SPAC Entities 35 72 60 87 SPAC Fund (8 ) (10 ) (63 ) 468 U.S. Insurance JV (190 ) 97 (110 ) 259 CREO 37 - 117 - $ 4,438 $ 219 $ 4,320 $ 974 Income (loss) from equity method affiliates Dutch Real Estate Entities $ (257 ) $ 49 $ (265 ) $ (83 ) Insurance SPAC II - - - (107 ) Insurance SPAC III (366 ) (236 ) (955 ) (690 ) Other SPAC Entities (2,421 ) 5,677 (13,928 ) 5,535 $ (3,044 ) $ 5,490 $ (15,148 ) $ 4,655 Operating expense (income) Duane Morris $ 153 $ 140 $ 295 $ 538 FinTech Masala, LLC (20 ) (11 ) (38 ) (20 ) $ 133 $ 129 $ 257 $ 518 Interest expense (income) CBF $ - $ - $ - $ 197 DGC Trust - 381 327 756 EBC - 72 - 143 JKD Investor 290 544 561 1,136 $ 290 $ 997 $ 888 $ 2,232

Note 25 - Due From Due to Rel_2

Note 25 - Due From Due to Related Parties (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule Of Due From Or Due To Related Parties [Table Text Block]	June 30, 2022 December 31, 2021 CK Capital $ - $ 137 U.S. Insurance JV 225 147 Insurance SPAC III 960 500 SPAC Fund 343 3,653 Employee & other 306 144 Due from related parties $ 1,834 $ 4,581

Note 1 - Organization and Nat_2

Note 1 - Organization and Nature of Operations (Details Textual) $ in Millions	6 Months Ended
	Jun. 30, 2022 USD ($)
Assets under Management, Carrying Amount	$ 2,210
Number of Operating Segments	3
Collateralized Debt Obligations [Member]
Assets under Management, Carrying Amount	$ 1,170
Assets Under Management, Percentage of Total	52.80%

Note 2 - Basis of Presentatio_2

Note 2 - Basis of Presentation - Schedule of Error Corrections (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				6 Months Ended		12 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Deferred income taxes	$ 10,151				$ 10,151		$ 11,513
Accounts payable and other liabilities	33,477				33,477		22,819
Accumulated deficit	(20,516)				(20,516)		(9,204)
Non-controlling interest	55,303				55,303		89,492
Income tax expense (benefit)	(60)		$ (43)		1,773	$ 825	(3,541)
Net Income (loss)	(12,252)	$ (35,166)	(3,195)	$ 66,728	(47,418)	63,533	74,038
Net Income attributable to non-controlling interests	(10,395)		(4,920)		(37,949)	52,453	62,230
Net income (loss) attributable to Cohen & Company, Inc.	$ (1,857)		$ 1,725		$ (9,469)	$ 11,080	$ 11,808
Basic Earnings Per Share (in dollars per share)	$ (1.30)		$ 1.61		$ (6.71)	$ 10.52	$ 9.95
Diluted Earnings Per Share (in dollars per share)	$ (1.53)		$ 1.21		$ (6.71)	$ 8.12	$ 7.83
Previously Reported [Member]
Deferred income taxes							$ 9,468
Accounts payable and other liabilities							22,701
Accumulated deficit							(9,730)
Non-controlling interest							88,091
Income tax expense (benefit)							(1,614)
Net Income (loss)							72,111
Net Income attributable to non-controlling interests							60,829
Net income (loss) attributable to Cohen & Company, Inc.							$ 11,282
Basic Earnings Per Share (in dollars per share)							$ 9.50
Diluted Earnings Per Share (in dollars per share)							$ 7.48
Revision of Prior Period, Adjustment [Member]
Deferred income taxes							$ 2,045
Accounts payable and other liabilities							118
Accumulated deficit							526
Non-controlling interest							1,401
Income tax expense (benefit)							(1,927)
Net Income (loss)							1,927
Net Income attributable to non-controlling interests							1,401
Net income (loss) attributable to Cohen & Company, Inc.							$ 526
Basic Earnings Per Share (in dollars per share)							$ 0.45
Diluted Earnings Per Share (in dollars per share)							$ 0.35

Note 3 - Summary of Significa_2

Note 3 - Summary of Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Debt Instrument, Fair Value Disclosure, Total	$ 31,958	$ 54,284

Note 4 - Other Recent Busines_2

Note 4 - Other Recent Business Transactions or Events (Details Textual) - USD ($)						2 Months Ended	3 Months Ended	6 Months Ended
	Mar. 20, 2022	Jan. 31, 2022	Sep. 03, 2021	Dec. 22, 2020	Dec. 21, 2020	Mar. 31, 2022	Dec. 22, 2020	Jun. 30, 2022	Dec. 31, 2021	Dec. 31, 2020	Jan. 31, 2020	Mar. 10, 2017
Other Investments, Fair Value Disclosure								$ 37,558,000	$ 56,033,000
Common Stock, Par or Stated Value Per Share (in dollars per share)								$ 0.01	$ 0.01
Common Stock, Shares, Issued, Total (in shares)								1,716,942	1,697,443
Due from Related Parties, Total								$ 1,834,000	$ 4,581,000
Equity Method Investments								14,369,000	48,238,000	$ 13,482,000
Stockholders' Equity Attributable to Noncontrolling Interest, Ending Balance								55,303,000	89,492,000
Insurance SPAC III Sponsor Entities [Member]
Stockholders' Equity Attributable to Noncontrolling Interest, Ending Balance								4,325,000
Net Carrying Value of Investment								(739,000)
Insurance SPAC III Sponsor Entities [Member]
Sale of Stock, Number of Shares Issued in Transaction (in shares)				25,000,000
Option Period On Additional Units To Be Purchased (Day)				45 days
Sale of Stock, Number of Shares Issuable, Option (in shares)				3,270,000			3,270,000
Common Stock, Shares, Issued, Total (in shares)				34,100,000			34,100,000
Payments of Stock Issuance Costs								71,000
Commitments, Operating and Acquisition Expenses								1,500,000
Insurance SPAC III Sponsor Entities [Member] | Over-Allotment Option [Member]
Sale of Stock, Number of Shares Issued in Transaction (in shares)				3,200,000	3,200,000
Insurance SPAC III Sponsor Entities [Member] | Private Placement [Member]
Sale of Stock, Number of Shares Issued in Transaction (in shares)				575,000
Insurance SPAC III Sponsor Entities [Member] | IPO [Member]
Shares Issued, Price Per Share (in dollars per share)				$ 10			$ 10
Sale of Stock, Consideration Received on Transaction				$ 5,750,000
Proceeds From Issuance of Units, Trust Account				250,000,000			$ 250,000,000
Payments of Equity Issuance Costs, Trust Account				$ 10,600,000
Percentage of Public Shares Redeemed				100%			100%
Insurance SPAC III [Member]
Units Issued During Period, Shares Per Unit (in shares)							1
Common Stock, Par or Stated Value Per Share (in dollars per share)				$ 0.0001			$ 0.0001
Units Issued During Period, Warrants Per Unit (in shares)							0.33
Shares Issued, Price Per Share (in dollars per share)				$ 10			$ 10
Insurance SPAC III [Member] | Warrants for SPAC II Common Stock [Member]
Class of Warrant or Right, Number of Securities Called by Each Warrant or Right (in shares)				1			1
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share)				$ 11.50			$ 11.50
Insurance SPAC [Member] | Insurance SPAC Warrant III [Member]
Proceeds From Issuance of Units				$ 250,000
CREO JV [Member]
Required Investment, Percentage Of Total Equity			7.50%
Required Investment in Equity, Limitation			$ 15,000,000
Insurance SPAC III Sponsor Entities [Member]
Equity Method Investments								3,586,000
CREO JV [Member]
Investments Committed Amount			15,000,000
Investments Committed, Amount By Investor			$ 435,000,000
Other Investments, Fair Value Disclosure								6,653,000
Founder Shares [Member] | Insurance SPAC III Sponsor Entities [Member]
Investment Owned, Balance, Shares (in shares)				8,525,000			8,525,000
Founder Shares, Percent of Shares to Become Transferable or Salable Upon Consummation of Business Combination				25%			25%
Closing Share Price for Founder Shares to Become Transferable or Salable, Tranche One (in dollars per share)				$ 12			$ 12
Closing Share Price for Founder Shares to Become Transferable or Salable, Tranche Two (in dollars per share)				13.50			13.50
Closing Share Price for Founder Shares to Become Transferable or Salable, Tranche Three (in dollars per share)				$ 17			$ 17
Equity Method Investment, Shares Purchased (in shares)				4,267,500
Insurance SPAC III [Member]
Due from Related Parties, Total								$ 960,000	$ 500,000
Convertible Note 2017 [Member]
Debt Instrument, Face Amount												$ 15,000,000
Convertible Note 2017 [Member] | Membership Units [Member]
Debt Conversion, Converted Instrument, Shares Issued (in shares)	10,344,827
Debt Instrument, Convertible, Conversion Price (in dollars per share)	$ 1.45							$ 1.45
Convertible Note 2017 [Member] | Contingent Convertible Senior Notes 8.00% (2017 Convertible Note) [Member]
Debt Instrument, Face Amount												$ 15,000,000
Non-convertible Senior Notes [Member] | Non-convertible Senior Notes 10.00% (2020 Senior Notes) [Member]
Debt Instrument, Face Amount											$ 4,500,000
Non-convertible Senior Notes [Member] | Non-convertible Senior Notes 10.00% (2020 Senior Notes) [Member] | JKD Capital Partners I, LTD [Member]
Debt Instrument, Face Amount		$ 4,500,000									$ 2,250,000
Proceeds from Issuance of Long-Term Debt, Total		$ 2,250,000
Non-convertible Senior Notes [Member] | Non-convertible Senior Notes 10.00% (2020 Senior Notes) [Member] | JKD Capital Partners I LTD and RN Capital Solutions LLC [Member]
Repayments of Debt						$ 2,250,000

Note 5 - Net Trading - Net Trad

Note 5 - Net Trading - Net Trading (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Net realized gains (losses) - trading inventory	$ 5,112	$ (2,786)	$ 9,727	$ 15,115
Net unrealized gains (losses) - trading inventory	(2,927)	7,467	(6,190)	(4,087)
Net gains and losses	2,185	4,681	3,537	11,028
Interest income- trading inventory	745	1,709	1,836	3,465
Interest income-reverse repos	12,303	20,056	28,002	39,391
Interest income	13,048	21,765	29,838	42,856
Interest expense-repos	(7,561)	(10,275)	(15,223)	(20,387)
Interest expense-margin payable	(415)	(202)	(608)	(393)
Interest expense	(7,976)	(10,477)	(15,831)	(20,780)
Other trading revenue	3,120	2,430	4,855	4,478
Net trading	$ 10,377	$ 18,399	$ 22,399	$ 37,582

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	Jun. 30, 2022	Dec. 31, 2021
Deposits with clearing agencies	$ 250	$ 250
Unsettled regular way trades, net	12,556	2,827
Receivables from clearing agencies	128,992	65,315
Receivables from brokers, dealers, and clearing agencies	141,798	68,392
Margin payable	137,877	160,896
Payables to brokers, dealers, and clearing agencies	$ 137,877	$ 160,896

Note 7 - Financial Instrument_2

Note 7 - Financial Instruments (Details Textual) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Other Investments, Fair Value Disclosure	$ 37,558	$ 56,033
Margin Loan Collateral [Member]
Other Investments, Fair Value Disclosure	$ 11,863	$ 15,563

Note 7 - Financial Instrument_3

Note 7 - Financial Instruments - Investments - Trading (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Investments-trading	$ 201,924	$ 223,865
Corporate Bonds and Redeemable Preferred Stock [Member]
Investments-trading	47,856	45,519
Foreign Government Bonds [Member]
Investments-trading	187	467
Municipal Bonds [Member]
Investments-trading	1,767	18,841
Certificates of Deposit [Member]
Investments-trading	0	169
Derivative [Member]
Investments-trading	4,189	1,275
Equity Securities [Member]
Investments-trading	878	1,118
Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member]
Debt securities	110,541	134,093
US Government Agencies Debt Securities [Member]
Debt securities	27,435	22,373
Residential Mortgage-Backed Securities [Member]
Debt securities	7	9
US Treasury Securities [Member]
Debt securities	9,063	0
Asset-Backed Securities [Member]
Debt securities	$ 1	$ 1

Note 7 - Financial Instrument_4

Note 7 - Financial Instruments - Financial Instruments Sold, Not Yet Purchased (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Trading securities sold, not yet purchased	$ 141,549	$ 62,512
Other investment sold, not yet repurchased, cost	128	2,488
Equity Securities [Member]
Other investment sold, not yet repurchased, cost	128	2,488
Corporate Bonds and Redeemable Preferred Stock [Member]
Trading securities sold, not yet purchased	55,248	32,574
Derivative [Member]
Trading securities sold, not yet purchased	2,884	424
US Government Agencies Debt Securities [Member]
Trading securities sold, not yet purchased	1	1
US Treasury Securities [Member]
Trading securities sold, not yet purchased	$ 83,416	$ 29,513

Note 7 - Financial Instrument_5

Note 7 - Financial Instruments - Other Investments, at Fair Value (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Other Investments, Fair Value Disclosure	$ 37,558	$ 56,033
Restricted Equity Securities [Member]
Other Investments, Fair Value Disclosure	6,385	17,078
Corporate Bonds and Redeemable Preferred Stock [Member]
Other Investments, Fair Value Disclosure	476	476
CREO JV [Member]
Other Investments, Fair Value Disclosure	6,653	5,830
U.S. Insurance JV [Member]
Other Investments, Fair Value Disclosure	3,338	3,450
SPAC Fund [Member]
Other Investments, Fair Value Disclosure	506	1,980
Residential Mortgage [Member]
Other Investments, Fair Value Disclosure	111	115
Equity Securities [Member]
Other Investments, Fair Value Disclosure	$ 20,089	$ 27,104

Note 8 - Fair Value Disclosur_3

Note 8 - Fair Value Disclosures (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Other Investment Sold, Gain (Loss), Fair Value	$ (7,019)	$ (11,953)	$ (25,737)	$ 67,236
Other Investment Sold, Not yet Purchased, Gain (Loss)	$ 79	$ 714	$ 257	$ 776

Note 8 - Fair Value Disclosur_4

Note 8 - Fair Value Disclosures - Fair Value Measurements on a Recurring Basis (Details) - USD ($) $ in Thousands		Jun. 30, 2022	Dec. 31, 2021
Investments-trading		$ 201,924	$ 223,865
Total other investments, at fair value		37,558	56,033
Trading securities sold, not yet purchased		141,549	62,512
Other investments, sold not yet purchased		128	2,488
Corporate Bonds and Redeemable Preferred Stock [Member]
Investments-trading		47,856	45,519
Trading securities sold, not yet purchased		55,248	32,574
Foreign Government Bonds [Member]
Investments-trading		187	467
Municipal Bonds [Member]
Investments-trading		1,767	18,841
Derivative [Member]
Investments-trading		4,189	1,275
Trading securities sold, not yet purchased		2,884	424
Certificates of Deposit [Member]
Investments-trading		0	169
Equity Securities [Member]
Investments-trading		878	1,118
Total other investments, at fair value		20,089	27,104
Other investments, sold not yet purchased		128	2,488
Fair Value, Recurring [Member]
Investments-trading		201,924	223,865
Total other investments, at fair value		37,558	56,033
Trading securities sold, not yet purchased		141,549	62,512
Other investments, sold not yet purchased		128	2,488
Fair Value, Recurring [Member] | Corporate Bonds and Redeemable Preferred Stock [Member]
Investments-trading		47,856	45,519
Total other investments, at fair value		476	476
Trading securities sold, not yet purchased		55,248	32,574
Fair Value, Recurring [Member] | Foreign Government Bonds [Member]
Investments-trading		187	467
Fair Value, Recurring [Member] | Municipal Bonds [Member]
Investments-trading		1,767	18,841
Fair Value, Recurring [Member] | Derivative [Member]
Investments-trading		4,189	1,275
Trading securities sold, not yet purchased		2,884	424
Fair Value, Recurring [Member] | Certificates of Deposit [Member]
Investments-trading			169
Fair Value, Recurring [Member] | Equity Securities [Member]
Investments-trading		878	1,118
Total other investments, at fair value		20,089	27,104
Trading securities sold, not yet purchased		128	2,488
Fair Value, Recurring [Member] | Restricted Equity Securities [Member]
Total other investments, at fair value		6,385	17,078
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Investments-trading		9,063	0
Trading securities sold, not yet purchased		83,416	29,514
Other investments, sold not yet purchased		128	2,488
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Corporate Bonds and Redeemable Preferred Stock [Member]
Investments-trading		0	0
Total other investments, at fair value		0	0
Trading securities sold, not yet purchased		0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Foreign Government Bonds [Member]
Investments-trading		0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Municipal Bonds [Member]
Investments-trading		0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Derivative [Member]
Investments-trading		0	0
Trading securities sold, not yet purchased		0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Certificates of Deposit [Member]
Investments-trading			0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Equity Securities [Member]
Investments-trading		0	0
Total other investments, at fair value		20,089	27,104
Trading securities sold, not yet purchased		128	2,488
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Restricted Equity Securities [Member]
Total other investments, at fair value		0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Investments-trading		192,861	223,865
Trading securities sold, not yet purchased		58,133	32,998
Other investments, sold not yet purchased		0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Corporate Bonds and Redeemable Preferred Stock [Member]
Investments-trading		47,856	45,519
Total other investments, at fair value		476	476
Trading securities sold, not yet purchased		55,248	32,574
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Foreign Government Bonds [Member]
Investments-trading		187	467
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Municipal Bonds [Member]
Investments-trading		1,767	18,841
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Derivative [Member]
Investments-trading		4,189	1,275
Trading securities sold, not yet purchased		2,884	424
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Certificates of Deposit [Member]
Investments-trading			169
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Equity Securities [Member]
Investments-trading		878	1,118
Total other investments, at fair value		0	0
Trading securities sold, not yet purchased		0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Restricted Equity Securities [Member]
Total other investments, at fair value		6,385	17,078
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Investments-trading		0	0
Trading securities sold, not yet purchased		0	0
Other investments, sold not yet purchased		0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Corporate Bonds and Redeemable Preferred Stock [Member]
Investments-trading		0	0
Total other investments, at fair value		0	0
Trading securities sold, not yet purchased		0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Foreign Government Bonds [Member]
Investments-trading		0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Municipal Bonds [Member]
Investments-trading		0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Derivative [Member]
Investments-trading		0	0
Trading securities sold, not yet purchased		0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Certificates of Deposit [Member]
Investments-trading			0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Equity Securities [Member]
Investments-trading		0	0
Total other investments, at fair value		0	0
Trading securities sold, not yet purchased		0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Restricted Equity Securities [Member]
Total other investments, at fair value		0	0
Fair Value, Recurring [Member] | Fair Value Measured at Net Asset Value Per Share [Member]
Total other investments, at fair value	[1]	10,497	11,260
Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Recurring [Member]
Investments-trading		110,541	134,093
Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Investments-trading		0	0
Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Investments-trading		110,541	134,093
Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Investments-trading		0	0
US Government Agencies Debt Securities [Member]
Trading securities sold, not yet purchased		1	1
US Government Agencies Debt Securities [Member] | Fair Value, Recurring [Member]
Investments-trading		27,435	22,373
Trading securities sold, not yet purchased		1	1
US Government Agencies Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Investments-trading		0	0
Trading securities sold, not yet purchased		0	1
US Government Agencies Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Investments-trading		27,435	22,373
Trading securities sold, not yet purchased		1	0
US Government Agencies Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Investments-trading		0	0
Trading securities sold, not yet purchased		0	0
Residential Mortgage-Backed Securities [Member] | Fair Value, Recurring [Member]
Investments-trading		7	9
Residential Mortgage-Backed Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Investments-trading		0	0
Residential Mortgage-Backed Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Investments-trading		7	9
Residential Mortgage-Backed Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Investments-trading		0	0
US Treasury Securities [Member]
Trading securities sold, not yet purchased		83,416	29,513
US Treasury Securities [Member] | Fair Value, Recurring [Member]
Investments-trading		9,063	0
Trading securities sold, not yet purchased		83,416	29,513
US Treasury Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Investments-trading		9,063	0
Trading securities sold, not yet purchased		83,416	29,513
US Treasury Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Investments-trading		0	0
Trading securities sold, not yet purchased		0	0
US Treasury Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Investments-trading		0	0
Trading securities sold, not yet purchased		0	0
Asset-Backed Securities [Member] | Fair Value, Recurring [Member]
Investments-trading		1	1
Asset-Backed Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Investments-trading		0	0
Asset-Backed Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Investments-trading		1	1
Asset-Backed Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Investments-trading		0	0
Residential Mortgage [Member]
Total other investments, at fair value		111	115
Residential Mortgage [Member] | Fair Value, Recurring [Member]
Total other investments, at fair value		111	115
Residential Mortgage [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Total other investments, at fair value		0	0
Residential Mortgage [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Total other investments, at fair value		111	115
Residential Mortgage [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Total other investments, at fair value		0	0
Total Investments not Measured at NAV [Member] | Fair Value, Recurring [Member]
Total other investments, at fair value		27,061	44,773
Total Investments not Measured at NAV [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Total other investments, at fair value		20,089	27,104
Total Investments not Measured at NAV [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Total other investments, at fair value		6,972	17,669
Total Investments not Measured at NAV [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Total other investments, at fair value		$ 0	$ 0
[1]As a practical expedient, the Company uses NAV (or its equivalent) to measure the fair value of its investments in the U.S. Insurance JV, the SPAC Fund and the CREO JV. 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. The CREO JV invests in primarily multi-family commercial real estate mortgage-backed loans and below-investment grade rated tranches in CRE CLOs collateralized by mostly transitional commercial real estate mortgage-backed loans. See note 4. According to ASC 820, these investments are not categorized within the valuation hierarchy.

Note 8 - Fair Value Disclosur_5

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		6 Months Ended	12 Months Ended
		Jun. 30, 2022	Dec. 31, 2021
Alternative investment		$ 10,497	$ 11,260
Alternative investment		10,497	11,260
CREO JV [Member]
Alternative investment	[1]	6,653	5,830
Unfunded commitments	[1]	8,464	9,170
Alternative investment	[1]	6,653	5,830
U.S. Insurance JV [Member]
Alternative investment	[2]	3,338	3,450
Alternative investment	[2]	3,338	3,450
SPAC Fund [Member]
Alternative investment	[3]	506	1,980
Alternative investment	[3]	$ 506	$ 1,980
Redemption notice period (Day)	[3]	30 days	30 days
[1]The CREO JV invests in primarily multi-family commercial real estate mortgage-backed loans and below-investment grade rated tranches in CRE CLOs collateralized by mostly transitional commercial real estate mortgage-backed loans. See note 4.[2]The U.S. Insurance JV invests in USD denominated debt issued by small and medium sized insurance and reinsurance companies.[3]The SPAC Fund invests in equity interests of SPACs.

Note 9 - Derivative Financial_3

Note 9 - Derivative Financial Instruments (Details Textual) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
TBA and Other Forward MBS [Member] | Long [Member]
Derivative, Notional Amount	$ 1,158,000	$ 1,243,250
TBA and Other Forward MBS [Member] | Short [Member]
Derivative, Notional Amount	1,180,350	1,283,850
Other Extended Settlement Trade [Member] | Long [Member]
Derivative, Notional Amount	0	0
Foreign Exchange Forward [Member]
Derivative, Notional Amount	$ 0	$ 0

Note 9 - Derivative Financial_4

Note 9 - Derivative Financial Instruments - Balance Sheet Information (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Derivative financial instruments, fair value, net	$ 1,305	$ 851
TBA and Other Forward MBS [Member] | Long [Member] | Investments -Trading [Member]
Derivative financial instruments, fair value, net	4,189	1,275
TBA and Other Forward MBS [Member] | Short [Member] | Trading Securities Sold, Not Yet Purchased [Member]
Derivative financial instruments, fair value, net	$ (2,884)	$ (424)

Note 9 - Derivative Financial_5

Note 9 - Derivative Financial Instruments - Statement of Operations Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Derivative financial instruments	$ 2,960	$ 2,045	$ 5,598	$ 4,788
Other Extended Settlement Trade [Member] | Revenue Net Trading [Member]
Derivative financial instruments		20		20
Other Extended Settlement Trade [Member] | Principal Transactions and Other Income [Member]
Derivative financial instruments		58		192
TBA and Other Forward MBS [Member] | Revenue Net Trading [Member]
Derivative financial instruments	$ 2,960	$ 1,967	$ 5,598	$ 4,576

Note 10 - Collateralized Secu_3

Note 10 - Collateralized Securities Transactions (Details Textual) $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended
	Aug. 02, 2022 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)	Apr. 25, 2018 USD ($)
Securities Purchased under Agreements to Resell, Total		$ 1,792,325		$ 1,792,325		$ 3,175,645
Fair Value of Securities Received as Collateral that Can be Resold or Repledged		$ 1,845,674		$ 1,845,674		$ 3,249,411
Number of Counterparties Related to Reverse Repurchase Agreements		13		13		14
Securities Sold under Agreements to Repurchase, Total		$ 1,790,469		$ 1,790,469		$ 3,171,415
Fair Value of Securities Received as Collateral that Have Been Resold or Repledged		1,820,189		1,820,189		$ 3,232,091
Revenues, Total		$ 9,154	$ 10,066	$ 8,472	$ 112,742
Gestational Repo Business [Member]
Number of Counterparties Related to Reverse Repurchase Agreements		13		13		14
Revenues, Total		$ 4,742	$ 12,779	$ 9,789	$ 19,022
First Guaranty Mortgage Corporation [Member]
Securities Purchased under Agreements to Resell, Total		269,228		269,228
First Guaranty Mortgage Corporation [Member] | Subsequent Event [Member]
Securities Purchased under Agreements to Resell, Total	$ 86,226
Proceeds From Sales of Collateral	$ 183,002
GCF Repo Business [Member]
Securities Purchased under Agreements to Resell, Total		$ 0		$ 0
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	Jun. 30, 2022	Dec. 31, 2021
Securities sold under agreements to repurchase	$ 1,790,469	$ 3,171,415
Receivables under resale agreements	1,792,325	3,175,645
Overnight and Continuous [Member]
Securities sold under agreements to repurchase	68,114
Receivables under resale agreements	68,160
Maturity Less than 30 Days [Member]
Securities sold under agreements to repurchase	1,722,355	3,171,415
Receivables under resale agreements	1,724,165	3,175,645
Maturity 30 to 90 Days [Member]
Securities sold under agreements to repurchase	0	0
Receivables under resale agreements	0
Maturity Greater than 90 Days [Member]
Securities sold under agreements to repurchase	0	0
Receivables under resale agreements	0
Collateralized Mortgage-Backed Securities [Member]
Securities sold under agreements to repurchase	1,790,469	3,171,415
Receivables under resale agreements	1,792,325	3,175,645
Collateralized Mortgage-Backed Securities [Member] | Overnight and Continuous [Member]
Securities sold under agreements to repurchase	68,114
Receivables under resale agreements	68,160
Collateralized Mortgage-Backed Securities [Member] | Maturity Less than 30 Days [Member]
Securities sold under agreements to repurchase	1,722,355	3,171,415
Receivables under resale agreements	1,724,165	3,175,645
Collateralized Mortgage-Backed Securities [Member] | Maturity 30 to 90 Days [Member]
Securities sold under agreements to repurchase	0	0
Receivables under resale agreements	0
Collateralized Mortgage-Backed Securities [Member] | Maturity Greater than 90 Days [Member]
Securities sold under agreements to repurchase	0	$ 0
Receivables under resale agreements	$ 0

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		6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Balance			$ 48,238	$ 13,482	$ 13,482
Investments / advances			700		8,392
Distributions / repayments			(64)		(4,207)
Reclasses to (from)			(19,357)		(5,439)
Earnings / (loss) realized	$ (3,044)	$ 5,490	(15,148)	4,655	36,010
Balance	14,369		14,369		48,238
Insurance SPAC [Member]
Balance			4,543	9,807	9,807
Investments / advances			0		0
Distributions / repayments			0		(3,958)
Reclasses to (from)			0		0
Earnings / (loss) realized			(957)		(1,306)
Balance	3,586		3,586		4,543
Dutch Real Estate Entities [Member]
Balance			5,600	3,312	3,312
Investments / advances			0		2,425
Distributions / repayments			0		0
Reclasses to (from)			0		0
Earnings / (loss) realized			(264)		(137)
Balance	5,336		5,336		5,600
Other SPAC Sponsor Entities [Member]
Balance			38,095	$ 363	363
Investments / advances			700		5,967
Distributions / repayments			(64)		(249)
Reclasses to (from)			(19,357)		(5,439)
Earnings / (loss) realized			(13,927)		37,453
Balance	$ 5,447		$ 5,447		$ 38,095

Note 11 - Investments in Equi_4

Note 11 - Investments in Equity Method Affiliates - Other SPAC Sponsor Entities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021	Dec. 31, 2020
Equity Method Investments	$ 14,369	$ 48,238	$ 13,482
Other SPAC Sponsor Entities [Member]
Equity Method Investments	5,447	38,095
ARCHR [Member]
Equity Method Investments	26
ARCHR [Member] | Other SPAC Sponsor Entities [Member]
Equity Method Investments		728
PWP [Member] | Other SPAC Sponsor Entities [Member]
Equity Method Investments		1,128
WEJO [Member] | Other SPAC Sponsor Entities [Member]
Equity Method Investments	342	1,963
Alpha Tau Medical [Member]
Equity Method Investments	1,073
Parella Weinberg Partners [Member]
Equity Method Investments	69
HLGN [Member] | Other SPAC Sponsor Entities [Member]
Equity Method Investments		28,448
Various Other Sponsor Entities [Member] | Other SPAC Sponsor Entities [Member]
Equity Method Investments	$ 3,937	$ 5,828

Note 12 - Leases (Details Textu

Note 12 - Leases (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Operating Lease, Weighted Average Remaining Lease Term (Year)	5 years 10 months 24 days		5 years 10 months 24 days
Operating Lease, Weighted Average Discount Rate, Percent	4.53%		4.53%
Operating Lease, Payments			$ 1,122	$ 660
Sublease Income	$ 25	$ 43	50	113
Operating Lease, Expense	$ 640	$ 384	$ 1,279	$ 754

Note 12 - Leases - Future Matur

Note 12 - Leases - Future Maturity of Lease Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
2022 - remaining	$ 1,120
2023	2,643
2024	2,115
2025	1,760
2026	1,504
Thereafter	3,753
Total	12,895
Less imputed interest	(1,705)
Lease obligation	$ 11,190	$ 10,813

Note 13 - Other Receivables, _3

Note 13 - Other Receivables, Other Assets, Accounts Payable and Other Liabilities (Details Textual) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Cash Collateral Posted For Repos, Included in Other Receivables	$ 2,400	$ 0

Note 13 - Other Receivables, _4

Note 13 - Other Receivables, Other Assets, Accounts Payable and Other Liabilities - Other Receivables (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Asset management fees receivable	$ 927	$ 962
Accrued interest receivable and dividend receivable	1,483	1,394
Revenue share receivable	129	108
Miscellaneous other receivables	4,104	739
Other receivables	$ 6,643	$ 3,203

Note 13 - Other Receivables, _5

Note 13 - Other Receivables, Other Assets, Accounts Payable and Other Liabilities - Schedule of Other Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Deferred costs	$ 176	$ 240
Prepaid expenses	1,424	1,286
Deposits	442	479
Miscellaneous other assets	0	258
Intangible assets	166	166
Other assets	3,782	3,885
Furniture, Equipment, And Leasehold Improvements [Member]
Furniture, equipment, and leasehold improvements, net	$ 1,574	$ 1,456

Note 13 - Other Receivables, _6

Note 13 - Other Receivables, Other Assets, Accounts Payable and Other Liabilities - Accounts Payable and Other Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020
Accounts payable	$ 352	$ 122
Redeemable financial instruments accrued interest	177	291
Accrued income tax	174	179
Accrued interest payable	302	558
Accrued interest on securities sold, not yet purchased	1,339	704
Payroll taxes payable	1,378	1,548
Counterparty cash collateral	27,884	17,320	$ 32,599	$ 41,119
Accrued expense and other liabilities	1,871	2,097
Accounts payable and other liabilities	$ 33,477	$ 22,819

Note 14 - Variable Interest E_3

Note 14 - Variable Interest Entities (Details Textual) $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
Liabilities, Total	$ 2,165,062	$ 3,504,871
Variable Interest Entity, Unavailability of Information, Number of Entities	2
Variable Interest Entity, Not Primary Beneficiary [Member]
Working Capital Commitment	$ 960	810
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share, Unfunded Commitments	8,464	9,170
Liabilities, Total	$ 0	$ 0

Note 14 - Variable Interest E_4

Note 14 - Variable Interest Entities - Consolidated VIEs (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash and cash equivalents	$ 50,068	$ 50,567
Receivables	141,798	68,392
Other investments, at fair value	37,558	56,033
Investment in equity method affiliates	14,369	48,238	$ 13,482
Variable Interest Entity, Primary Beneficiary [Member]
Cash and cash equivalents	49	43
Receivables	0	0
Other investments, at fair value	652	9,543
Investment in equity method affiliates	3,648	33,080
Non-controlling interest	(4,701)	(29,979)
Investment in consolidated VIEs	$ 352	$ 12,687

Note 14 - Variable Interest E_5

Note 14 - Variable Interest Entities - Carrying Value of Variable Interests in Non-consolidated Variable Interest Entities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021	Dec. 31, 2020
Other Investments, Fair Value Disclosure	$ 37,558	$ 56,033
Investments in equity method affiliates	14,369	48,238	$ 13,482
Variable Interest Entity, Not Primary Beneficiary [Member]
Other Investments, Fair Value Disclosure	10,497	11,260
Investments in equity method affiliates	9,033	5,015
Maximum exposure	$ 19,530	$ 16,275

Note 15 - Redeemable Financia_3

Note 15 - Redeemable Financial Instruments - Redeemable Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Redeemable financial instruments	$ 7,957	$ 7,957
JKD Capital Partners I, LTD [Member]
Redeemable financial instruments	$ 7,957	$ 7,957

Note 16 - Debt (Details Textual

Note 16 - Debt (Details Textual)						3 Months Ended	6 Months Ended
		Mar. 20, 2022 $ / shares shares	Jan. 31, 2022 USD ($)	Dec. 21, 2021 USD ($)	Oct. 28, 2020 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) $ / shares shares	Jun. 30, 2021	Dec. 31, 2021 USD ($) $ / shares	Jan. 31, 2020 USD ($)	Mar. 10, 2017 USD ($)
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares							$ 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
Redeemable Common Stock, Shares (in shares) | shares							1,034,482
Stock Issued During Period, Value, New Issues						$ 2,673,000
Common Securities in Trusts [Member]
Equity Securities without Readily Determinable Fair Value, Amount							$ 0
Alesco Capital Trust I [Member] | Cohen & Company [Member]
Stock Issued During Period, Shares, New Issues (in shares) | shares							870
Stock Issued During Period, Value, New Issues							$ 870,000
Sunset Financial Statutory Trust I [Member] | Cohen & Company [Member]
Stock Issued During Period, Shares, New Issues (in shares) | shares							619
Stock Issued During Period, Value, New Issues							$ 619,000
JVB Holdings [Member] | JVB [Member]
Noncontrolling Interest, Ownership Percentage by Parent					100%
Credit Facility [Member] | JVB [Member] | Byline Bank [Member]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage					0.50%
Junior Subordinated Debt [Member]
Junior Subordinated Debenture Owed To Unconsolidated Subsidiary Trust Net Of Ownership Interest In Trust							49,614,000
Yield To Maturities								12.90%
Junior Subordinated Notes [Member]
Junior Subordinated Debenture Owed To Unconsolidated Subsidiary Trust Net Of Ownership Interest In Trust							$ 49,614,000
Common Stock [Member]
Stock Issued During Period, Value, New Issues						$ 1,000
Convertible Note 2017 [Member]
Debt Instrument, Face Amount											$ 15,000,000
Convertible Note 2017 [Member] | Membership Units [Member]
Debt Instrument, Convertible, Conversion Price (in dollars per share) | $ / shares		$ 1.45					$ 1.45
Debt Conversion, Converted Instrument, Shares Issued (in shares) | shares		10,344,827
Convertible Note 2017 [Member] | Common Stock [Member]
Debt Instrument, Convertible, Conversion Price (in dollars per share) | $ / shares		$ 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
Sunset Financial Statutory Trust I [Member] | Junior Subordinated Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	[1],[2]						5.15%
Non-convertible Senior Notes 10.00% (2020 Senior Notes) [Member] | Non-convertible Senior Notes [Member]
Debt Instrument, Face Amount										$ 4,500,000
Non-convertible Senior Notes 10.00% (2020 Senior Notes) [Member] | Non-convertible Senior Notes [Member] | JKD Capital Partners I, LTD [Member]
Debt Instrument, Face Amount			$ 4,500,000							2,250,000
Debt Instrument, Interest Rate, Stated Percentage							10%
Debt Instrument, Interest Rate In Event of Default			11%
Non-convertible Senior Notes 10.00% (2020 Senior Notes) [Member] | Non-convertible Senior Notes [Member] | RN Capital Solutions LLC (RNCS) [Member]
Debt Instrument, Face Amount										$ 2,250,000
Alesco Capital Trust I Debt [Member] | Junior Subordinated Notes [Member]
Junior Subordinated Debenture Owed To Unconsolidated Subsidiary Trust Net Of Ownership Interest In Trust							$ 28,995,000
Alesco Capital Trust I Debt [Member] | Junior Subordinated Notes [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate							4%
Sunset Financial Statutory Trust I Debt [Member] | Junior Subordinated Notes [Member]
Junior Subordinated Debenture Owed To Unconsolidated Subsidiary Trust Net Of Ownership Interest In Trust							$ 20,619,000
Debt Instrument, Basis Spread on Variable Rate							4.15%
Original Byline Loan Agreement [Member]
Line of Credit Facility, Maximum Borrowing Capacity					$ 7,500,000
Original Byline Note and Subordination Agreement [Member]
Line of Credit Facility, Maximum Borrowing Capacity					17,500,000
Amended and Restated Byline Loan Agreement [Member]
Line of Credit Facility, Maximum Borrowing Capacity									$ 25,000,000
Credit Facility [Member] | JVB [Member] | Byline Bank [Member]
Line of Credit Facility, Maximum Borrowing Capacity					$ 25,000,000
Line of Credit Facility, Commitment Fee Percentage					0.50%
Line of Credit Facility, Commitment Fee Amount				$ 125,000
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
Debt Instrument, Covenant, Minimum Excess Net Capital					40,000,000
Debt Instrument, Covenant, Maximum Loans Outstanding							$ 10,000
Credit Facility [Member] | JVB [Member] | Byline Bank [Member] | December 30, 2021 Through December 31, 2022 [Member]
Debt Instrument, Covenant, Minimum Tangible Net Worth					85,000,000
Credit Facility [Member] | JVB [Member] | Byline Bank [Member] | After December 31, 2022 [Member]
Debt Instrument, Covenant, Minimum Tangible Net Worth					$ 90,000,000
Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | JVB [Member] | Byline Bank [Member]
Debt Instrument, Basis Spread on Variable Rate				6%
Debt Instrument, Minimum Interest Rate					7%
[1]Represents the interest rate in effect as of the last day of the reporting period.[2]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 paramount 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 June 30, 2022 on a combined basis was 12.90% assuming the variable rate in effect on the last day of the reporting period remains in effect until maturity.

Note 16 - Debt - Detail of Debt

Note 16 - Debt - Detail of Debt (Details) - USD ($) $ in Thousands		Jun. 30, 2022	Dec. 31, 2021
Debt		$ 28,737	$ 43,394
Contingent Convertible Senior Notes [Member]
Less unamortized debt issuance costs		0	(67)
Debt		0	14,933
Junior Subordinated Notes [Member]
Debt	[1]	24,237	23,961
Less unamortized discount	[1]	(23,888)	(24,164)
Credit Facility [Member] | Byline Bank [Member]
Long-term Debt, Gross		0	0
Non-convertible Senior Notes 10.00% (2020 Senior Notes) [Member] | Contingent Convertible Senior Notes [Member]
Long-term Debt, Gross		$ 4,500	4,500
Interest Rate	[2]	10%
Contingent Convertible Senior Notes 8.00% (2017 Convertible Note) [Member] | Contingent Convertible Senior Notes [Member]
Long-term Debt, Gross	[3]	$ 0	15,000
Interest Rate	[2],[3]	8%
Alesco Capital Trust I [Member] | Junior Subordinated Notes [Member]
Long-term Debt, Gross	[1]	$ 28,125	28,125
Interest Rate	[1],[2]	5.29%
Sunset Financial Statutory Trust I [Member] | Junior Subordinated Notes [Member]
Long-term Debt, Gross	[1]	$ 20,000	$ 20,000
Interest Rate	[1],[2]	5.15%
[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 paramount 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 June 30, 2022 on a combined basis was 12.90% 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]The holder of the 2017 Convertible Note may convert all or any part of the outstanding principal amount at any time priorto maturity into units of membership interests of the Operating LLC at a conversion price of $1.45 per unit, subject tocustomary anti-dilution adjustments. Units of membership interests in the Operating LLC not held by Cohen & CompanyInc. 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 beconverted into Operating LLC units of membership interests and then redeemed and exchanged into Common Stock at aneffective conversion price of $14.50. See note 20 to the Annual Report on Form 10-K for the year ended December 31,2021. Effective March 20, 2022, the 2017 Note was converted into 10,344,827 units.

Note 16 - Debt - Interest Expen

Note 16 - Debt - Interest Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Interest expense, net	$ 1,106	$ 1,782	$ 2,457	$ 3,796
Interest expense (income), net	(1,106)	(1,782)	(2,457)	(3,796)
Junior Subordinated Notes [Member]
Interest expense, net	756	652	1,413	1,299
Senior Note 2020 [Member]
Interest expense, net	112	135	231	268
Convertible Note 2017 [Member]
Interest expense, net	0	381	327	756
Convertible 2013 Notes/ 2019 Senior Notes [Member]
Interest expense, net	0	72	0	143
Byline Bank Credit Facility [Member]
Interest expense, net	62	66	134	131
Redeemable Financial Instrument - DGC Family Fintech Trust / CBF [Member]
Interest expense (income), net	0	0	0	197
Redeemable Financial Instrument - JKD Capital Partners I LTD [Member]
Interest expense (income), net	$ 176	$ 476	$ 352	$ 1,002

Note 17 - Equity (Details Textu

Note 17 - Equity (Details Textual) $ / shares in Units, $ in Thousands			3 Months Ended				6 Months Ended		12 Months Ended
	Mar. 10, 2020 $ / shares shares	Dec. 23, 2019 $ / shares shares	Jun. 30, 2022 USD ($) $ / shares shares	Mar. 31, 2022 USD ($)	Jun. 30, 2021 USD ($) $ / shares shares	Mar. 31, 2021 USD ($)	Jun. 30, 2022 USD ($) $ / shares shares	Jun. 30, 2021 USD ($) $ / shares shares	Dec. 31, 2021 USD ($) $ / shares shares	Jun. 07, 2021 USD ($)	Mar. 05, 2021 USD ($)	Dec. 31, 2020 USD ($)	Dec. 01, 2020 USD ($)
Preferred Stock, Shares Outstanding, Ending Balance (in shares)			27,413,098				27,413,098		27,413,098
Preferred Stock, Shares Authorized (in shares)			50,000,000				50,000,000		50,000,000
Preferred Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares	$ 0.001		$ 0.001				$ 0.001		$ 0.001
Preferred Stock, Shares Issued, Total (in shares)			27,413,098				27,413,098		27,413,098
Stock Issued During Period, Value, New Issues | $					$ 2,673
Equity Agreement [Member] | Northland Capital Markets [Member]
Aggregative Value of Shares | $											$ 9,318
Equity Agreement [Member] | Northland Capital Markets [Member] | Maximum [Member]
Aggregate Offering Price | $													$ 75,000
Equity Distribution Letter Agreement [Member]
Stock Issued During Period, Shares, New Issues (in shares)					102,159		0	102,159	300,859
Aggregate Offering Price | $										$ 7,966
Percentage of Gross Offering Proceeds of Shares Sold										2.50%
Stock Issued During Period, Value, New Issues | $					$ 2,673				$ 9,076
The December 2020 Letter Agreement [Member]
Stock Repurchase Program, Authorized Amount | $												$ 1,000
The 10b5-1 Plan [Member]
Treasury Stock, Shares, Acquired (in shares)					407			39,054
Treasury Stock, Value, Acquired, Par Value Method | $					$ 7			$ 669
Additional Paid-in Capital [Member]
Minority Interest, Increase (Decrease) Related to Units of Consolidated Subsidiary | $			$ (89)	$ (292)	1,449	$ 926	$ (381)	2,375
Stock Issued During Period, Value, New Issues | $					2,672
AOCI Attributable to Parent [Member]
Minority Interest, Increase (Decrease) Related to Units of Consolidated Subsidiary | $			1	4	(18)	4	5	14
Noncontrolling Interest [Member]
Minority Interest, Increase (Decrease) Related to Units of Consolidated Subsidiary | $			$ 88	$ 288	$ (1,431)	$ (930)	$ 376	$ (2,361)
The 2020 Rights Agreement [Member]
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares	100
Repurchase of Warrants, Price per Share (in dollars per share) | $ / shares	200
Share Price (in dollars per share) | $ / shares	$ 20
Class of Warrant or Right, Number of Securities Called by Each Warrant or Right (in shares)	10
Voting Power, Percentage	50%
Percentage of Purchase Price Required for Adjustments	1%
Number of Fractal Units Issued (in shares)	0
Preferred Stock, Redemption Price Per Share (in dollars per share) | $ / shares	$ 0.001
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
Preferred Stock, Shares Issued, Total (in shares)					22,429,541			22,429,541
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
Common Stock [Member]
Common Stock, Dividends, Per Share, Declared (in dollars per share) | $ / shares			$ 0.25		$ 0		$ 1.25	$ 0
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%

Note 17 - Equity - Shares Outst

Note 17 - Equity - Shares Outstanding of Stockholders' Equity of the Company (Details) - Cohen & Company [Member] - Common Stock [Member]	6 Months Ended
	Jun. 30, 2022 shares
Shares, outstanding (in shares)	1,331,150
Vesting of shares (in shares)	113,234
Shares withheld for employee taxes and retired (in shares)	(15,501)
Repurchase and retirement of Common Stock (in shares)	0
Shares, outstanding (in shares)	1,428,883

Note 17 - Equity - Operating LL

Note 17 - Equity - Operating LLC Membership Units (Details) - Unit Issuance and Surrender Agreement [Member]	6 Months Ended
	Jun. 30, 2022 shares
Other units related to UIS Agreement (in shares)	977,330
Units related to UIS Agreement (in shares)	977,330

Note 17 - Equity - Schedule of

Note 17 - Equity - Schedule of Effects of Changes in Ownership Interest Subsidiary (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Net income / (loss) attributable to Cohen & Company Inc.	$ (1,857)	$ 1,725	$ (9,469)	$ 11,080	$ 11,808
Increase / (decrease) in Cohen & Company, Inc. paid in capital for the acquisition / (surrender) of additional units in consolidated subsidiary, net			(381)	2,375
Changes from net income / (loss) attributable to Cohen & Company Inc. and transfers (to) from the non-controlling interest			$ (9,850)	$ 13,455

Note 17 - Equity - Rollforward

Note 17 - Equity - Rollforward of Non-controlling Interests (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Mar. 20, 2022
Balance		$ 89,492			$ 89,492
Non-controlling interest share of (loss)					(37,949)
Other comprehensive (loss)					(193)
Acquisition / (surrender) of additional units of consolidated subsidiary					376
Equity-based compensation					1,561
Shares withheld for employee taxes					(158)
Investment in convertible non-controlling interest of Cohen & Company Inc.	$ 15,000				15,000	$ 15,000
Investment in non-convertible non-controlling interest of Operating LLC					9
Distributions to convertible non-controlling interest of Cohen & Company Inc.					(4,535)
Distributions to non-convertible non-controlling interest of Operating LLC	(2,640)	(5,660)	$ (30,769)	$ (25,885)	(8,300)
Balance	55,303				55,303
Operating LLC [Member]
Balance		57,628			57,628
Non-controlling interest share of (loss)					(19,078)
Other comprehensive (loss)					(193)
Acquisition / (surrender) of additional units of consolidated subsidiary					376
Equity-based compensation					1,561
Shares withheld for employee taxes					(158)
Investment in convertible non-controlling interest of Cohen & Company Inc.	15,000				15,000
Investment in non-convertible non-controlling interest of Operating LLC					0
Distributions to convertible non-controlling interest of Cohen & Company Inc.					(4,535)
Distributions to non-convertible non-controlling interest of Operating LLC					0
Balance	50,601				50,601
Insurance SPAC III Sponsor Entities [Member]
Balance		4,808			4,808
Non-controlling interest share of (loss)					(483)
Other comprehensive (loss)					0
Acquisition / (surrender) of additional units of consolidated subsidiary					0
Equity-based compensation					0
Shares withheld for employee taxes					0
Investment in convertible non-controlling interest of Cohen & Company Inc.	0				0
Investment in non-convertible non-controlling interest of Operating LLC					0
Distributions to convertible non-controlling interest of Cohen & Company Inc.					0
Distributions to non-convertible non-controlling interest of Operating LLC					0
Balance	4,325				4,325
Other Consolidated Subsidiaries [Member]
Balance		$ 27,056			27,056
Non-controlling interest share of (loss)					(18,388)
Other comprehensive (loss)					0
Acquisition / (surrender) of additional units of consolidated subsidiary					0
Equity-based compensation					0
Shares withheld for employee taxes					0
Investment in convertible non-controlling interest of Cohen & Company Inc.	0				0
Investment in non-convertible non-controlling interest of Operating LLC					9
Distributions to convertible non-controlling interest of Cohen & Company Inc.					0
Distributions to non-convertible non-controlling interest of Operating LLC					(8,300)
Balance	$ 377				$ 377

Note 18 - Income Taxes (Details

Note 18 - Income Taxes (Details Textual) - Operating LLC [Member]	Jun. 30, 2022
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners	29.72%
Remaining Non-Controlling Members [Member]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners	71.28%

Note 19 - Net Capital Require_2

Note 19 - Net Capital Requirements (Details Textual) $ in Thousands	Jun. 30, 2022 USD ($)
JVB [Member]
Broker-Dealer, Minimum Net Capital Required, Aggregate Indebtedness Standard, Total	$ 250
Broker-Dealer, Net Capital	57,930
Broker-Dealer, Excess Net Capital, 1500 Percent, Aggregate Indebtedness Standard, Total	57,680
CCFESA [Member]
Broker-Dealer, Minimum Net Capital Required, Aggregate Indebtedness Standard, Total	502
Broker-Dealer, Net Capital	959
Broker-Dealer, Excess Net Capital, 1500 Percent, Aggregate Indebtedness Standard, Total	$ 457

Note 20 - Earnings (Loss) Per_3

Note 20 - Earnings (Loss) Per Common Share (Details Textual)	6 Months Ended
	Jun. 30, 2022
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		6 Months Ended		12 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Net income (loss) attributable to Cohen & Company, Inc.		$ (1,857)	$ 1,725	$ (9,469)	$ 11,080	$ 11,808
Net Income attributable to non-controlling interests		(10,395)	(4,920)	(37,949)	52,453	$ 62,230
Add: Interest expense incurred on dilutive convertible notes			294	0	583
Add / (deduct): Adjustment (2)	[1]	(172)	141		(1,575)
Net income / (loss) on a fully converted basis		$ (8,257)	$ 6,279	$ (9,469)	$ 41,610
Weighted average shares outstanding-basic (in shares)		1,428,237	1,071,606	1,411,596	1,052,947
Unrestricted Operating LLC membership units exchangeable into Cohen & Company, Inc. shares (1) (in shares)	[2]	3,965,405	2,855,767		2,846,949
Restricted units or shares (in shares)			236,940		191,800
Shares issuable upon conversion of dilutive convertible notes (in shares)			1,034,483		1,034,483
Weighted average common shares outstanding - Diluted (3) (in shares)	[3]	5,393,642	5,198,796	1,411,596	5,126,179
Basic Earnings Per Share (in dollars per share)		$ (1.30)	$ 1.61	$ (6.71)	$ 10.52	$ 9.95
Diluted Earnings Per Share (in dollars per share)		$ (1.53)	$ 1.21	$ (6.71)	$ 8.12	$ 7.83
Convertible Non-controlling Interest of Cohen & Co. [Member]
Net Income attributable to non-controlling interests		$ (6,228)	$ 4,119	$ 0	$ 31,522
[1]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.[2]The Operating LLC units of membership interest not held by Cohen & Company Inc. (that is, those held by the non-controlling 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.[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 June 30, Six Months Ended June 30, 2022 2021 2022 2021 Unrestricted Operating LLC membership units exchangeable into Cohen & Company, Inc. shares - 3,504,604 2017 Convertible Note Units - - 448,276 - Restricted Common Stock 87,944 - 84,968 - Restricted Operating LLC units 28,305 - 36,203 - 116,249 - 4,074,051 -

Note 20 - Earnings (Loss) Per_5

Note 20 - Earnings (Loss) Per Common Share - Schedule of Anti-Dilutive Securities (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Antidilutive securities excluded from computation of earnings per share (in shares)	116,249	0	4,074,051	0
Unrestricted Operating LLC Units Exchangeable Into Cohen Shares [Member]
Antidilutive securities excluded from computation of earnings per share (in shares)	0		3,504,604
Contingent Convertible Senior Notes 8.00% (2017 Convertible Note) [Member]
Antidilutive securities excluded from computation of earnings per share (in shares)	0	0	448,276	0
Restricted Stock [Member]
Antidilutive securities excluded from computation of earnings per share (in shares)	87,944	0	84,968	0
Restricted Operating LLC Units [Member]
Antidilutive securities excluded from computation of earnings per share (in shares)	28,305	0	36,203	0

Note 22 - Segment and Geograp_3

Note 22 - Segment and Geographic Information (Details Textual)	6 Months Ended
	Jun. 30, 2022
Number of Operating Segments	3

Note 22 - Segment and Geograp_4

Note 22 - Segment and Geographic Information - Statements of Operations Information (Details) - USD ($) $ in Thousands		3 Months Ended					6 Months Ended			12 Months Ended
		Jun. 30, 2022		Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022		Jun. 30, 2021	Dec. 31, 2021
Net trading		$ 10,377			$ 18,399		$ 22,399		$ 37,582
Principal transactions and other income		(6,602)			(11,021)		(24,965)		68,540
Revenues, Total		9,154			10,066		8,472		112,742
Compensation		12,214			14,190		26,093		40,837
Other Operating Expense		5,102			4,949		10,419		10,533
Total operating expenses		17,316			19,139		36,512		51,370
Operating income (loss)		(8,162)			(9,073)		(28,040)		61,372
Interest income (expense)		(1,106)			(1,782)		(2,457)		(3,796)
Earnings / (loss) realized		(3,044)			5,490		(15,148)		4,655	$ 36,010
Other non-operating income		0			2,127		0		2,127
Income (loss) before income taxes		(12,312)			(3,238)		(45,645)		64,358
Income tax expense (benefit)		(60)			(43)		1,773		825	(3,541)
Net income (loss)		(12,252)		$ (35,166)	(3,195)	$ 66,728	(47,418)		63,533	74,038
Less: Net income (loss) attributable to the non-controlling interest		(10,395)			(4,920)		(37,949)		52,453	62,230
Net income (loss) attributable to Cohen & Company Inc.		(1,857)			1,725		(9,469)		11,080	$ 11,808
Depreciation and amortization (included in total operating expense)		143			87		275		168
Asset Management [Member]
Revenues, total		1,898			1,838		3,787		3,931
New Issue and Advisory [Member]
Revenues, total		3,481			850		7,251		2,689
Operating Segments [Member]
Net trading		10,377			18,399		22,399		37,582
Principal transactions and other income		(6,602)			(11,021)		(24,965)		68,540
Revenues, Total		9,154			10,066		8,472		112,742
Compensation		9,443			11,059		20,950		35,199
Other Operating Expense		4,026			3,715		7,978		7,763
Total operating expenses		13,469			14,774		28,928		42,962
Operating income (loss)		(4,315)			(4,708)		(20,456)		69,780
Interest income (expense)		(62)			(66)		(134)		(131)
Earnings / (loss) realized		(3,044)			5,490		(15,148)		4,655
Other non-operating income		0			0		0		0
Income (loss) before income taxes		(7,421)			716		(35,738)		74,304
Income tax expense (benefit)		0			0		0		0
Net income (loss)		(7,421)			716		(35,738)		74,304
Less: Net income (loss) attributable to the non-controlling interest		(4,167)			(9,039)		(18,871)		20,931
Net income (loss) attributable to Cohen & Company Inc.		(3,254)			9,755		(16,867)		53,373
Depreciation and amortization (included in total operating expense)		1			1		2		2
Operating Segments [Member] | Asset Management [Member]
Revenues, total		1,898			1,838		3,787		3,931
Operating Segments [Member] | New Issue and Advisory [Member]
Revenues, total		3,481			850		7,251		2,689
Operating Segments [Member] | Capital Markets [Member]
Net trading		10,377			18,399		22,399		37,582
Principal transactions and other income		2			0		1		(1)
Revenues, Total		13,860			19,249		29,651		40,270
Compensation		7,825			9,880		17,687		19,277
Other Operating Expense		3,243			3,101		6,677		6,730
Total operating expenses		11,068			12,981		24,364		26,007
Operating income (loss)		2,792			6,268		5,287		14,263
Interest income (expense)		(62)			(66)		(134)		(131)
Earnings / (loss) realized		0			0		0		0
Other non-operating income		0			0		0		0
Income (loss) before income taxes		2,730			6,202		5,153		14,132
Income tax expense (benefit)		0			0		0		0
Net income (loss)		2,730			6,202		5,153		14,132
Less: Net income (loss) attributable to the non-controlling interest		0			0		0		0
Net income (loss) attributable to Cohen & Company Inc.		2,730			6,202		5,153		14,132
Depreciation and amortization (included in total operating expense)		0			0		0		1
Operating Segments [Member] | Capital Markets [Member] | Asset Management [Member]
Revenues, total		0			0		0		0
Operating Segments [Member] | Capital Markets [Member] | New Issue and Advisory [Member]
Revenues, total		3,481			850		7,251		2,689
Operating Segments [Member] | Asset Management Segment [Member]
Net trading		0			0		0		0
Principal transactions and other income		229			114		343		274
Revenues, Total		2,127			1,952		4,130		4,205
Compensation		1,402			1,206		2,853		2,662
Other Operating Expense		584			589		953		989
Total operating expenses		1,986			1,795		3,806		3,651
Operating income (loss)		141			157		324		554
Interest income (expense)		0			0		0		0
Earnings / (loss) realized		0			0		0		0
Other non-operating income		0			0		0		0
Income (loss) before income taxes		141			157		324		554
Income tax expense (benefit)		0			0		0		0
Net income (loss)		141			157		324		554
Less: Net income (loss) attributable to the non-controlling interest		0			0		0		(5)
Net income (loss) attributable to Cohen & Company Inc.		141			157		324		559
Depreciation and amortization (included in total operating expense)		1			1		2		1
Operating Segments [Member] | Asset Management Segment [Member] | Asset Management [Member]
Revenues, total		1,898			1,838		3,787		3,931
Operating Segments [Member] | Asset Management Segment [Member] | New Issue and Advisory [Member]
Revenues, total		0			0		0		0
Operating Segments [Member] | Principal Investing [Member]
Net trading		0			0		0		0
Principal transactions and other income		(6,833)			(11,135)		(25,309)		68,267
Revenues, Total		(6,833)			(11,135)		(25,309)		68,267
Compensation		216			(27)		410		13,260
Other Operating Expense		199			25		348		44
Total operating expenses		415			(2)		758		13,304
Operating income (loss)		(7,248)			(11,133)		(26,067)		54,963
Interest income (expense)		0			0		0		0
Earnings / (loss) realized		(3,044)			5,490		(15,148)		4,655
Other non-operating income		0			0		0		0
Income (loss) before income taxes		(10,292)			(5,643)		(41,215)		59,618
Income tax expense (benefit)		0			0		0		0
Net income (loss)		(10,292)			(5,643)		(41,215)		59,618
Less: Net income (loss) attributable to the non-controlling interest		(4,167)			(9,039)		(18,871)		20,936
Net income (loss) attributable to Cohen & Company Inc.		(6,125)			3,396		(22,344)		38,682
Depreciation and amortization (included in total operating expense)		0			0		0		0
Operating Segments [Member] | Principal Investing [Member] | Asset Management [Member]
Revenues, total		0			0		0		0
Operating Segments [Member] | Principal Investing [Member] | New Issue and Advisory [Member]
Revenues, total		0			0		0		0
Segment Reconciling Items [Member]
Net trading	[1]	0			0		0		0
Principal transactions and other income	[1]	0			0		0		0
Revenues, Total	[1]	0			0		0		0
Compensation		2,771			3,131		5,143		5,638
Other Operating Expense	[1]	1,076			1,234		2,441		2,770
Total operating expenses	[1]	3,847			4,365		7,584		8,408
Operating income (loss)	[1]	(3,847)			(4,365)		(7,584)		(8,408)
Interest income (expense)	[1]	(1,044)			(1,716)		(2,323)		(3,665)
Earnings / (loss) realized	[1]	0			0		0		0
Other non-operating income		0	[1]		2,127		0	[1]	2,127
Income (loss) before income taxes	[1]	(4,891)			(3,954)		(9,907)		(9,946)
Income tax expense (benefit)	[1]	(60)			(43)		1,773		825
Net income (loss)	[1]	(4,831)			(3,911)		(11,680)		(10,771)
Less: Net income (loss) attributable to the non-controlling interest	[1]	(6,228)			4,119		(19,078)		31,522
Net income (loss) attributable to Cohen & Company Inc.	[1]	1,397			(8,030)		7,398		(42,293)
Depreciation and amortization (included in total operating expense)	[1]	142			86		273		166
Segment Reconciling Items [Member] | Asset Management [Member]
Revenues, total	[1]	0			0		0		0
Segment Reconciling Items [Member] | New Issue and Advisory [Member]
Revenues, total	[1]	$ 0			$ 0		$ 0		$ 0
[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_5

Note 22 - Segment and Geographic Information - Balance Sheet Data (Details) - USD ($) $ in Thousands		Jun. 30, 2022	Dec. 31, 2021	Dec. 31, 2020
Total Assets		$ 2,271,095	$ 3,656,304
Investment in equity method affiliates		14,369	48,238	$ 13,482
Goodwill	[1]	109	109
Intangible assets	[1]	166	166
Operating Segments [Member]
Total Assets		2,233,169	3,611,715
Investment in equity method affiliates		14,369	48,238
Goodwill	[1]	109	109
Intangible assets	[1]	166	166
Segment Reconciling Items [Member]
Total Assets	[2]	37,926	44,589
Investment in equity method affiliates	[2]	0	0
Goodwill	[1],[2]	0	0
Intangible assets	[1],[2]	0	0
Capital Markets [Member] | Operating Segments [Member]
Total Assets		2,177,312	3,501,973
Investment in equity method affiliates		0	0
Goodwill	[1]	54	54
Intangible assets	[1]	166	166
Asset Management Segment [Member] | Operating Segments [Member]
Total Assets		3,699	5,251
Investment in equity method affiliates		0	0
Goodwill	[1]	55	55
Intangible assets	[1]	0	0
Principal Investing [Member] | Operating Segments [Member]
Total Assets		52,158	104,491
Investment in equity method affiliates		14,369	48,238
Goodwill	[1]	0	0
Intangible assets	[1]	$ 0	$ 0
[1]Goodwill and intangible assets are allocated to the Capital Markets and Asset Management business segments as indicated in the table from 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 and such amounts are excluded in business segment reporting to the chief operating decision maker.

Note 22 - Segment and Geograp_6

Note 22 - Segment and Geographic Information - Geographic Data (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenues	$ 9,154	$ 10,066	$ 8,472	$ 112,742
UNITED STATES
Revenues	8,278	9,258	6,749	110,175
United Kingdom & Other [Member]
Revenues	$ 876	$ 808	$ 1,723	$ 2,567

Note 23 - Supplemental Cash F_3

Note 23 - Supplemental Cash Flow Disclosure (Details Textual) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021
Interest Paid, Excluding Capitalized Interest, Operating Activities					$ 2,437	$ 3,161
Income Taxes Paid					417	139
Proceeds from Income Tax Refunds					0	96
Decrease in Convertible Debt					(15,000)
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	$ 2,640	$ 5,660	$ 30,769	$ 25,885	8,300
In-kind Distribution from Equity Method Affiliate [Member]
Increase (Decrease) in Equity Method Affiliates					(19,357)
Increase (Decrease) in Other Investments					19,357
Distribution Relating to the SPAC Merger [Member]
Increase (Decrease) in Other Investments					(3,885)	(31,049)
Investment Reclass [Member]
Increase (Decrease) in Other Investments					836
Increase (Decrease) in Other Investments, Not Sold					(836)
Distribution Settlement with Vellar GP [Member]
Increase (Decrease) in Other Investments						701
Increase (Decrease) in Due from Related Parties, Total						(2,103)
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders						1,402
MetroMile Merger Distribution [Member]
Increase (Decrease) in Equity Method Affiliates						(3,958)
In-kind Distribution from Insurance SPAC Merger [Member]
Increase (Decrease) in Other Investments						(20,119)
Additional Paid-in Capital [Member]
Minority Interest, Increase (Decrease) Related to Units of Consolidated Subsidiary	(89)	(292)	1,449	926	(381)	2,375
AOCI Attributable to Parent [Member]
Minority Interest, Increase (Decrease) Related to Units of Consolidated Subsidiary	1	4	(18)	4	5	14
Noncontrolling Interest [Member]
Minority Interest, Increase (Decrease) Related to Units of Consolidated Subsidiary	88	288	(1,431)	(930)	376	$ (2,361)
Increase in Convertible Non-controlling Interest					$ 15,000
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	$ 2,640	$ 5,660	$ 30,769	$ 25,885

Note 23 - Supplemental Cash F_4

Note 23 - Supplemental Cash Flow Disclosure - Collateral Deposits on Cash Flow from Operations (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Collateral deposit	$ 27,884	$ 32,599
Collateral deposit	17,320	41,119
Impact to cash flow from operations	$ 10,564	$ (8,520)

Note 24 - Related Party Trans_3

Note 24 - Related Party Transactions (Details Textual) - USD ($) $ / shares in Units, $ in Thousands															1 Months Ended					3 Months Ended		6 Months Ended		12 Months Ended
	Mar. 20, 2022	Jan. 31, 2022	Dec. 20, 2021	Nov. 24, 2021	Jun. 26, 2021	Mar. 15, 2021	Mar. 05, 2021	Feb. 26, 2021	Dec. 14, 2020	Sep. 29, 2020	Sep. 08, 2020	Jan. 31, 2020	Sep. 29, 2017	Oct. 03, 2016	Mar. 31, 2021	Oct. 31, 2020	Jan. 31, 2019	Jan. 31, 2017	Sep. 30, 2013	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2021	Feb. 08, 2021	Oct. 01, 2020	Dec. 31, 2019	Jul. 31, 2018
Stock Issued During Period, Value, New Issues																					$ 2,673
Investment, Non-convertible Controlling Interest	$ 15,000																			$ 15,000		$ 15,000
Due from Related Parties, Total																				1,834		1,834			$ 4,581
Equity Method Investments																				14,369		14,369		$ 13,482	48,238
Defined Benefit Plan, Plan Assets, Contributions by Employer																				103	72	$ 204	$ 167
Saving Plan 401K [Member]
Defined Contribution Plan, Employer Matching Contribution, Percent of Match																						50%
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay																						3%
Operating LLC [Member] | Insurance SPAC II [Member]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners																										46.10%
Service Fees, Per Month																				20		$ 20
Operating LLC [Member] | Insurance SPAC III Sponsor Entities [Member]
Service Fees, Per Month																				$ 20		$ 20
Operating LLC [Member] | U.S. Insurance JV [Member]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners																				3.10%		3.10%
Operating LLC [Member] | CREO JV [Member]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners																				7.50%		7.50%
FlipOs [Member]
Other Investments, Total																									566
CK Capital Partners B.V. [Member]
Equity Method Investment, Ownership Percentage																												45%
Equity Method Investment, Quoted Market Value																												$ 18
AOI [Member]
Equity Method Investment, Ownership Percentage																												10%
Equity Method Investment, Quoted Market Value																												$ 1
SPAC Fund [Member]
Equity Method Investment, Ownership Percentage																				0.48%		0.48%
FTAC IV Sponsor [Member]
Equity Method Investment, Quoted Market Value																								1
Equity Method Investment, Shares Purchased (in shares)										24,547
FTAC IV Sponsor [Member] | Founder Shares [Member]
Equity Method Investment, Shares Purchased (in shares)									140,000	81,825
FTAC Olympus [Member]
Equity Method Investment, Aggregate Cost																								40
FTAC V Sponsor [Member]
Equity Method Investment, Aggregate Cost									$ 40
Equity Method Investment, Additional Shares Received for Services (in shares)									35,000
FTAC Olympus Sponsor [Member]
Equity Method Investment, Quoted Market Value											$ 2
Equity Method Investment, Shares Purchased (in shares)											399,741
Equity Method Investment, Additional Shares Received for Services (in shares)					35,000						19,987
Equity Method Investments					$ 40						$ 40
FTAC Athena Sponsor [Member]
Equity Method Investments								$ 40
Equity Method Investment, Shares Received from Services Provided (in shares)								35,000
FTAC Hera Sponsor [Member]
Equity Method Investments			$ 40				$ 40
Equity Method Investment, Shares Received from Services Provided (in shares)							35,000
FTAC Parnassus Sponsor [Member]
Equity Method Investments						$ 40
Equity Method Investment, Shares Received from Services Provided (in shares)						35,000
FTAC Zeus Sponsor [Member]
Equity Method Investments				$ 40
Equity Method Investment, Shares Received from Services Provided (in shares)				35,000
FTAC Emerald Sponsor [Member]
Equity Method Investment, Shares Received from Services Provided (in shares)			35,000
Other Investment [Member]
Equity Method Investment, Ownership Percentage																				0.24%		0.24%
Convertible Note 2017 [Member] | Membership Units [Member]
Debt Conversion, Converted Instrument, Shares Issued (in shares)	10,344,827
Debt Instrument, Convertible, Conversion Price (in dollars per share)	$ 1.45																			$ 1.45		$ 1.45
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															$ 4,000	$ 2,500
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
JKD Capital Partners I, LTD [Member]
Related Party Transaction, Amounts of Transaction		$ 4,500										$ 2,250
Investments In and Advance To Affiliates Amount Of Equity														$ 6,000			$ 1,268	$ 1,000
JKD Capital Partners I, LTD [Member] | 2022 Note Purchase Agreement [Member]
Related Party Transaction, Amounts of Transaction		$ 2,250
FinTech Masala [Member]
Consulting Fees Per Month																											$ 1		$ 1
Betsy Cohen [Member] | SPAC II Sponsor Entities [Member]
Investments In and Advance To Affiliates Amount Of Equity																								$ 1
Daniel G. Cohen [Member] | CK Capital Partners B.V. [Member]
Equity Method Investment, Quoted Market Value																												$ 17
Insurance SPAC II [Member]
Related Party Transactions, Agreed Amount To Lend																				$ 750		$ 750
Due from Related Parties, Total																				0		0
Insurance SPAC III [Member]
Related Party Transaction, Amounts of Transaction																						71
Due from Related Parties, Total																				960		960			$ 500
Insurance SPAC III Sponsor Entities [Member]
Related Party Transaction, Amounts of Transaction																						1,500
Related Party Transactions, Agreed Amount To Lend																				960		960
Zucker and Moore, LLC [Member]
Related Party Transaction, Expenses from Transactions with Related Party																				$ 24	$ 24	$ 48	$ 48

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		6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Asset management	$ 530	$ 396	$ 1,078	$ 1,021
Principal transactions and other income	4,438	219	4,320	974
Income (loss) from equity method affiliates	(3,044)	5,490	(15,148)	4,655	$ 36,010
Operating expense (income)	133	129	257	518
Interest expense (income)	290	997	888	2,232
SPAC Fund [Member]
Asset management	261	292	543	507
Principal transactions and other income	(8)	(10)	(63)	468
Other SPAC Sponsor Entities [Member]
Asset management	0	0	0	319
Principal transactions and other income	35	72	60	87
U.S. Insurance JV [Member]
Asset management	269	104	535	195
Principal transactions and other income	(190)	97	(110)	259
Insurance SPAC II [Member]
Principal transactions and other income	0	0	0	40
Income (loss) from equity method affiliates	0	0	0	(107)
Insurance SPAC III [Member]
Principal transactions and other income	60	60	120	120
Income (loss) from equity method affiliates	(366)	(236)	(955)	(690)
FlipOs [Member]
Principal transactions and other income	4,504	0	4,196	0
CREO JV [Member]
Principal transactions and other income	37	0	117	0
Dutch Real Estate Entities [Member]
Income (loss) from equity method affiliates	(257)	49	(265)	(83)
Other SPAC Entities [Member]
Income (loss) from equity method affiliates	(2,421)	5,677	(13,928)	5,535
Duane Morris [Member]
Operating expense (income)	153	140	295	538
Fintech Masala, LLC [Member]
Operating expense (income)	(20)	(11)	(38)	(20)
CBF [Member]
Interest expense (income)	0	0	0	197
DGC Trust [Member]
Interest expense (income)	0	381	327	756
EBC [Member]
Interest expense (income)	0	72	0	143
JKD Investor [Member]
Interest expense (income)	$ 290	$ 544	$ 561	$ 1,136

Note 25 - Due From Due To Rel_3

Note 25 - Due From Due To Related Parties - Due From Due To Related Parties (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Due from Related Parties, Total	$ 1,834	$ 4,581
CK Capital Partners B.V. [Member]
Due from Related Parties, Total	0	137
U.S. Insurance JV [Member]
Due from Related Parties, Total	225	147
Insurance SPAC III [Member]
Due from Related Parties, Total	960	500
SPAC Funds [Member]
Due from Related Parties, Total	343	3,653
Employees & Other [Member]
Due from Related Parties, Total	$ 306	$ 144