Cohen & Company (COHN) 10-Q 4 Nov 22 2022 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2022	Nov. 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	Q3
Document Fiscal Year Focus	2022
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 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	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	NYSEAMER
Entity Common Stock, Shares Outstanding		1,716,942

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands		Sep. 30, 2022	Dec. 31, 2021
Assets
Cash and cash equivalents		$ 47,287	$ 50,567
Receivables from brokers, dealers, and clearing agencies		121,922	68,392
Due from related parties		1,764	4,581
Other receivables		20,739	3,203
Investments-trading		271,823	223,865
Other Investments, Fair Value Disclosure		37,726	56,033
Receivables under resale agreements		699,658	3,175,645
Investments in equity method affiliates		13,466	48,238
Deferred income taxes		8,173	11,513
Goodwill	[1]	109	109
Right-of-use asset - operating leases		9,980	10,273
Other assets		3,466	3,885
Total assets		1,236,113	3,656,304
Liabilities
Payables to brokers, dealers, and clearing agencies		132,412	160,896
Accounts payable and other liabilities		28,506	22,819
Accrued compensation		19,325	22,577
Trading securities sold, not yet purchased		152,079	62,512
Other investments sold, not yet purchased, at fair value		910	2,488
Securities sold under agreements to repurchase		749,673	3,171,415
Lease liability - operating leases		10,739	10,813
Redeemable financial instruments		7,957	7,957
Debt		28,879	43,394
Total liabilities		1,130,480	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		72,460	72,006
Accumulated other comprehensive loss		(1,005)	(905)
Accumulated deficit		(21,793)	(9,204)
Total stockholders' equity		49,706	61,941
Non-controlling interest		55,927	89,492
Total equity		105,633	151,433
Total liabilities and equity		$ 1,236,113	$ 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	Sep. 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		9 Months Ended
		Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenues
Net trading		$ 7,966	$ 16,599	$ 30,365	$ 54,181
Principal transactions and other income (loss)		(1,192)	(20,709)	(26,157)	47,831
Total revenues		23,465	6,584	31,937	119,326
Operating expenses
Compensation and benefits		15,227	20,577	41,320	61,414
Business development, occupancy, equipment		1,234	869	3,777	2,375
Subscriptions, clearing, and execution		2,112	2,581	6,025	7,745
Professional fee and other operating		1,905	1,585	5,593	5,280
Depreciation and amortization		139	90	414	258
Total operating expenses		20,617	25,702	57,129	77,072
Operating income (loss)		2,848	(19,118)	(25,192)	42,254
Non-operating income (expense)
Interest expense, net		(1,346)	(1,731)	(3,803)	(5,527)
Income (loss) from equity method affiliates		618	2,857	(14,530)	7,512
Other non-operating income		0	0	0	2,127
Income (loss) before income tax expense (benefit)		2,120	(17,992)	(43,525)	46,366
Income tax expense (benefit)		1,761	(248)	3,534	577
Net income (loss)		359	(17,744)	(47,059)	45,789
Enterprise net income (loss)		359	(17,744)	(47,059)	45,789
Net income (loss) attributable to Cohen & Company Inc.		$ (919)	$ (3,429)	$ (10,388)	$ 7,651
Income (loss) per common share-basic:
Basic Earnings Per Share (in dollars per share)		$ (0.64)	$ (2.61)	$ (7.33)	$ 6.71
Weighted average shares outstanding-basic (in shares)		1,428,883	1,314,554	1,417,358	1,140,149
Income (loss) per common share-diluted:
Diluted Earnings Per Share (in dollars per share)		$ (0.64)	$ (3.46)	$ (7.33)	$ 5.31
Weighted average shares outstanding-diluted (in shares)	[1]	1,428,883	4,170,321	1,417,358	5,212,247
Comprehensive income (loss)
Net Income (loss)		$ 359	$ (17,744)	$ (47,059)	$ 45,789
Other comprehensive income (loss) item:
Foreign currency translation adjustments, net of tax of $0		(127)	(65)	(392)	(134)
Other comprehensive income (loss), net of tax of $0		(127)	(65)	(392)	(134)
Comprehensive income (loss)		232	(17,809)	(47,451)	45,655
Less: comprehensive income (loss) attributable to the non-controlling interest		1,184	(14,404)	(36,958)	38,043
Comprehensive income (loss) attributable to Cohen & Company Inc.		(952)	(3,405)	(10,493)	7,612
Non-controlling Interest of Operating LLC [Member]
Non-operating income (expense)
Net Income attributable to non-controlling interests		(109)	(3,094)	(18,980)	17,837
Cohen Co Including Noncontrolling Interest [Member]
Non-operating income (expense)
Net income (loss)		468	(14,650)	(28,079)	27,952
Enterprise net income (loss)		468	(14,650)	(28,079)	27,952
Comprehensive income (loss)
Net Income (loss)		468	(14,650)	(28,079)	27,952
Non-controlling Interest of Cohen & Co. [Member]
Non-operating income (expense)
Net Income attributable to non-controlling interests		1,387	(11,221)	(17,691)	20,301
Asset Management [Member]
Revenues
Revenues, total		3,456	1,856	7,243	5,787
New Issue and Advisory [Member]
Revenues
Revenues, total		$ 13,235	$ 8,838	$ 20,486	$ 11,527
[1]Potentially diluted securities that were not included in the diluted per share calculations because they would be anti-dilutive were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Unrestricted Operating LLC membership units exchangeable into Cohen & Company Inc. shares 3,965,405 - 3,658,204 - 2017 Convertible Note Units - 1,034,483 298,851 - Restricted Common Stock 6,211 102,038 10,334 - Restricted Operating LLC units 1,963 77,540 4,087 - 3,973,579 1,214,061 3,971,476 -

Consolidated Statements of Op_2

Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 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)	(28)	(98)
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)		(151)
Distributions to convertible non-controlling interest of Cohen & Company Inc.							(144)
Non-convertible non-controlling interest investment							23	23
Non-convertible non-controlling interest distributions							(25,885)	(25,885)
Distributions to non-convertible non-controlling interest of Operating LLC							(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)								45,789
Other comprehensive (loss)								(134)
Acquisition / (surrender) of additional units of consolidated subsidiary, net			(2,023)		(9)		2,032
Balance at Sep. 30, 2021	27	16	71,603	(13,029)	(869)	57,748	59,414	117,162
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)
Distributions to non-convertible non-controlling interest of Operating LLC							(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
Net Income (loss)				(3,429)		(3,429)	(14,315)	(17,744)
Other comprehensive (loss)					24	24	(89)	(65)
Acquisition / (surrender) of additional units of consolidated subsidiary, net			(4,398)		5	(4,393)	4,393
Equity-based compensation			182			182	392	574
Shares withheld for employee taxes			(5)			(5)	(12)	(17)
Dividends/distributions to convertible non-controlling interest				(332)		(332)		(1,046)
Distributions to convertible non-controlling interest of Cohen & Company Inc.							(714)
Non-convertible non-controlling interest investment							7,023	7,023
Non-convertible non-controlling interest distributions							(4,215)	(4,215)
Distributions to non-convertible non-controlling interest of Operating LLC							(4,215)	(4,215)
Purchase and retirement of Common Stock			(187)			(187)		(187)
Common stock issued, net		2	6,401			6,403		6,403
Balance at Sep. 30, 2021	27	16	71,603	(13,029)	(869)	57,748	59,414	117,162
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
Distributions to non-convertible non-controlling interest of Operating LLC							(5,660)	(5,660)
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)								(47,059)
Other comprehensive (loss)								(392)
Acquisition / (surrender) of additional units of consolidated subsidiary, net			(381)		5		376
Distributions to convertible non-controlling interest of Cohen & Company Inc.								(5,535)
Non-convertible non-controlling interest distributions								(8,653)
Distributions to non-convertible non-controlling interest of Operating LLC								(8,653)
Balance at Sep. 30, 2022	27	17	72,460	(21,793)	(1,005)	49,706	55,927	105,633
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
Distributions to non-convertible non-controlling interest of Operating LLC							(2,640)	(2,640)
Balance at Jun. 30, 2022	27	17	72,174	(20,516)	(972)	50,730	55,303	106,033
Net Income (loss)	0	0	0	(919)	0	(919)	1,278	359
Other comprehensive (loss)	0	0	0	0	(33)	(33)	(94)	(127)
Acquisition / (surrender) of additional units of consolidated subsidiary, net	0	0	0	0	0	0	0	0
Equity-based compensation	0	0	286	0	0	286	793	1,079
Shares withheld for employee taxes	0	0	0	0	0	0	0	0
Dividends/distributions to convertible non-controlling interest	0	0	0	(358)	0	(358)		(1,358)
Distributions to convertible non-controlling interest of Cohen & Company Inc.							(1,000)
Convertible non-controlling interest investment	0	0	0	0	0	0	0	0
Non-convertible non-controlling interest distributions	0	0	0	0	0	0	(353)	(353)
Non-convertible non-controlling interest investment	0	0	0	0	0	0	0	0
Distributions to non-convertible non-controlling interest of Operating LLC	0	0	0	0	0	0	(353)	(353)
Balance at Sep. 30, 2022	$ 27	$ 17	$ 72,460	$ (21,793)	$ (1,005)	$ 49,706	$ 55,927	$ 105,633

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended				9 Months Ended		12 Months Ended
	Sep. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Mar. 31, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Operating activities
Net Income (loss)	$ 359	$ (35,166)	$ (17,744)	$ 66,728	$ (47,059)	$ 45,789	$ 74,038
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Equity-based compensation					3,265	14,742
Accretion of income on other investments, at fair value					0	0
Loss (gain) on other investments, at fair value	714		20,977		26,451	(46,259)
Loss (gain) on other investments, sold not yet purchased	782		(6)		525	(782)
(Income) loss from equity method affiliates	(618)		(2,857)		14,530	(7,512)	(36,010)
Depreciation and amortization	139		90		414	258
Amortization of discount on debt					485	638
Deferred tax provision (benefit)					3,340	(318)
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					(82,014)	(56,864)
Change in receivables from / payables to related parties, net					2,817	(187)
(Increase) decrease in other receivables					(17,536)	(11,039)
(Increase) decrease in investments-trading					(47,958)	54,278
(Increase) decrease in receivables under resale agreements					2,475,987	(1,224,811)
(Increase) decrease in other assets					780	(5,271)
Increase (decrease) in accounts payable and other liabilities					5,647	6,949
Increase (decrease) in accrued compensation					(3,252)	10,060
Increase (decrease) in trading securities sold, not yet purchased					89,567	5,181
Increase (decrease) in securities sold under agreements to repurchase					(2,421,742)	1,214,306
Net cash provided by (used in) operating activities					4,247	(2,969)
Investing activities
Purchase of other investments, at fair value					(8,651)	(88,012)
Purchase of other investments sold, not yet purchased, at fair value					(5,994)	(56,243)
Sales and returns of principal - other investments, at fair value					15,791	87,614
Sales and returns of principal - other investments sold, not yet purchased, at fair value					3,054	53,951
Investment in equity method affiliate					(617)	(1,537)
Distribution from equity method affiliate					75	0
Purchase of furniture, equipment, and leasehold improvements					(482)	(679)
Net cash provided by (used in) investing activities					3,176	(4,906)
Financing activities
Proceeds from (repayment of) debt					2,250	0
Repayment of debt					(2,250)	(2,400)
Repayments of redeemable financial instruments					0	(4,000)
Cash used to net share settle equity awards					(234)	(378)
Proceeds from issuance of Common Stock					0	9,076
Purchase and retirement of Common Stock					0	(856)
Cohen & Company Inc. dividends					(2,201)	(339)
Convertible non-controlling interest distributions					(5,535)	(725)
Non-convertible non-controlling interest investment					9	9,552
Non-convertible non-controlling interest distributions					(2,236)	(1,926)
Net cash provided by (used in) financing activities					(10,197)	8,004
Effect of exchange rate on cash					(506)	(295)
Net increase (decrease) in cash and cash equivalents					(3,280)	(166)
Cash and cash equivalents, beginning of period		$ 50,567		$ 41,996	50,567	41,996	41,996
Cash and cash equivalents, end of period	$ 47,287		$ 41,830		$ 47,287	$ 41,830	$ 50,567

Note 1 - Organization and Natur

Note 1 - Organization and Nature of Operations	9 Months Ended
	Sep. 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 September 30, 2022 , th had $2.15 billion in assets under management (“AUM”) of which 53.8% or $1.16 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	9 Months Ended
	Sep. 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 nine September 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 1 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	9 Months Ended
	Sep. 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 September 30, 2022 December 31, 2021 pany’s de bt was estimated to be and , respectively. The estim ated f 3 Derivatives may not not third  

Note 4 - Other Recent Business

Note 4 - Other Recent Business Transactions or Events	9 Months Ended
	Sep. 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 September 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 September 30, 2022 24 25. no not no As of September 30, 2022 September 30, 2022

Note 5 - Net Trading

Note 5 - Net Trading	9 Months Ended
	Sep. 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 Nine Months Ended September 30, September 30, September 30, September 30, 2022 2021 2022 2021 Net realized gains (losses) - trading inventory $ 922 $ 2,056 $ 10,649 $ 17,171 Net unrealized gains (losses) - trading inventory 742 1,871 (5,448 ) (2,216 ) Net gains and losses 1,664 3,927 5,201 14,955 Interest income- trading inventory 478 1,291 2,314 4,756 Interest income-reverse repos 11,831 19,586 39,831 58,977 Interest income 12,309 20,877 42,145 63,733 Interest expense-repos (9,455 ) (10,140 ) (24,676 ) (30,527 ) Interest expense-margin payable (848 ) (168 ) (1,456 ) (561 ) Interest expense (10,303 ) (10,308 ) (26,132 ) (31,088 ) Other trading revenue 4,296 2,103 9,151 6,581 Net trading $ 7,966 $ 16,599 $ 30,365 $ 54,181  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	9 Months Ended
	Sep. 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) September 30, 2022 December 31, 2021 Deposits with clearing agencies $ 250 $ 250 Unsettled regular way trades, net - 2,827 Receivables from clearing agencies 121,672 65,315 Receivables from brokers, dealers, and clearing agencies $ 121,922 $ 68,392 Amounts payable to brokers, dealers, and clearing agencies consisted of the following.  PAYABLES TO BROKERS, DEALERS, AND CLEARING AGENCIES (Dollars in Thousands) September 30, 2022 December 31, 2021 Unsettled regular way trades, net $ 2,431 $ - Margin payable 129,981 160,896 Payables to brokers, dealers, and clearing agencies $ 132,412 $ 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	9 Months Ended
	Sep. 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) September 30, 2022 December 31, 2021 U.S. government agency MBS and CMOs $ 146,940 $ 134,093 U.S. government agency debt securities 22,920 22,373 RMBS 7 9 U.S. Treasury securities 15,249 - ABS 1 1 Corporate bonds and redeemable preferred stock 46,654 45,519 Foreign government bonds 196 467 Municipal bonds 4,220 18,841 Certificates of deposit - 169 Derivatives 35,481 1,275 Equity securities 155 1,118 Investments-trading $ 271,823 $ 223,865  Trading Securities Sold, Not Trading securities sold, not TRADING SECURITIES SOLD, NOT (Dollars in Thousands) September 30, 2022 December 31, 2021 U.S. government agency debt securities $ 1 $ 1 U.S. Treasury securities 74,309 29,513 Corporate bonds and redeemable preferred stock 43,910 32,574 Derivatives 33,859 424 Trading securities sold, not yet purchased $ 152,079 $ 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) September 30, 2022 December 31, 2021 Equity securities $ 21,186 $ 27,104 Restricted equity securities 5,182 17,078 Corporate bonds and redeemable preferred stock 476 476 CREO 6,818 5,830 U.S. Insurance JV 3,414 3,450 SPAC Fund 513 1,980 Residential loans 137 115 Other investments, at fair value $ 37,726 $ 56,033  A total o f $11,941 a September 30, 2022 December 31, 2021, 6. Other Investments, Sold Not Other investments, sold not OTHER INVESTMENTS SOLD, NOT (Dollars in Thousands) September 30, 2022 December 31, 2021 Equity securities $ 57 $ 2,488 Equity derivatives 853 - Other investments sold, not yet purchased $ 910 $ 2,488

Note 8 - Fair Value Disclosures

Note 8 - Fair Value Disclosures	9 Months Ended
	Sep. 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 September 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 nine September 30, 2022 September 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 September 30, 2022 2021 of $ and $6, 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 nine September 30, 2022 September 30, 2021 of $ and $782, 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 may The following tables present information about the Company’s assets and liabilities measured at fair value as of September 30, 2022 December 31, 2021 FAIR VALUE MEASUREMENTS ON A RECURRING BASIS September 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 $ 146,940 $ - $ 146,940 $ - U.S. government agency debt securities 22,920 - 22,920 - RMBS 7 - 7 - U.S. Treasury securities 15,249 15,249 - - ABS 1 - 1 - Corporate bonds and redeemable preferred stock 46,654 - 46,654 - Foreign government bonds 196 - 196 - Municipal bonds 4,220 - 4,220 - Derivatives 35,481 - 35,481 - Equity securities 155 155 - - Total investments - trading $ 271,823 $ 15,404 $ 256,419 $ - Other investments, at fair value: Equity securities $ 21,186 21,186 $ - $ - Restricted equity securities 5,182 - 5,182 - Corporate bonds and redeemable preferred stock 476 - 476 - Residential loans 137 - 137 - 26,981 $ 21,186 $ 5,795 $ - Investments measured at NAV (1) 10,745 Total other investments, at fair value $ 37,726 Liabilities Trading securities sold, not yet purchased: U.S. government agency debt securities $ 1 $ - $ 1 $ - U.S. Treasury securities 74,309 74,309 - - Corporate bonds and redeemable preferred stock 43,910 - 43,910 - Derivatives 33,859 - 33,859 - Total trading securities sold, not yet purchased $ 152,079 $ 74,309 $ 77,770 $ -  Other investments, sold not yet purchased: Equity securities $ 57 $ 57 $ - $ - Equity derivatives 853 - 853 - Total other investments sold, not yet purchased $ 910 $ 57 $ 853 $ -  ( 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 may 1 not 2 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 September 30, 2022 December 31, 2021 Fair Value September 30, 2022 Unfunded Commitments Redemption Frequency Redemption Notice Period Other investments, at fair value CREO (a) $ 6,818 $ 8,464 N/A N/A U.S. Insurance JV (b) 3,414 N/A N/A N/A SPAC Fund (c) 513 N/A Quarterly after 1 year lock up 30 days $ 10,745  Fair Value December 31, 2021 Unfunded Commitments Redemption Frequency Redemption Notice Period 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	9 Months Ended
	Sep. 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 The Company enters into equity derivatives such as listed options and forward purchase or sale commitments for equity securities. In addition, the Company sometimes engages in advisory transactions which result in a receivable that can be paid in cash or a variable number of equity instruments. In such instances, the Company records the receivable as a component of other assets in its consolidated balance sheet and treats the equity component as an embedded derivative. All equity derivatives are carried at fair value as a component of other investments, at fair value or other investments sold, not September 30, 2022 December 31, 2021, one TBAs and Other Forward Agency MBS Contracts The Company enters into TBAs and other forward agency MBS transactions for three (i) The Company trades U.S. government agency obligations. In connection with these activities, the Company may may (ii) The Company also enters into TBAs and other forward agency MBS contracts in order to assist clients (generally small to mid-size mortgage loan originators) in hedging the interest rate risk associated with the mortgages owned by these clients. (iii) Finally, the Company may The Company carries the TBAs and other forward agency MBS contracts at fair value and includes them as a component of investments-trading or trading securities sold, not September 30, 2022 December 31, 2021 Other Extended Settlement Trades When the Company buys or sells a financial instrument that will not September 30, 2022 December 31, 2021  Foreign Currency Forward Contracts The Company invests in foreign currency denominated investments that expose it to fluctuations in foreign currency rates, and, therefore, the Company may, September 30, 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 September 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 September 30, 2022 December 31, 2021 TBAs and other forward agency MBS Investments-trading $ 35,481 $ 1,275 TBAs and other forward agency MBS Trading securities sold, not yet purchased (33,859 ) (424 ) Equity derivatives Other investments, sold not purchased (853 ) - $ 769 $ 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 September 30, 2022 Three Months Ended September 30, 2021 Other extended settlement trades Revenue-net trading $ - $ (19 ) TBAs and other forward agency MBS Revenue-net trading 2,685 1,160 Equity derivatives Principal transactions and other income (853 ) 195 $ 1,832 $ 1,336 Derivative Financial Instruments Not Designated as Hedging Instruments Under FASB ASC 815 Income Statement Classification Nine Months Ended September 30, 2022 Nine Months Ended September 30, 2021 Other extended settlement trades Revenue-net trading $ - $ 1 TBAs and other forward agency MBS Revenue-net trading 8,283 5,736 Equity derivatives Principal transactions and other income (853 ) 387 $ 7,430 $ 6,124

Note 10 - Collateralized Securi

Note 10 - Collateralized Securities Transactions	9 Months Ended
	Sep. 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. September 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, June 30, 2022, June 30, 2022, September 30, 2022 three nine September 30, 2022. $4,832 not In connection with the loss, the Company recorded a reversal of accrued incentive compensation of $1,753. Therefore, the net impact to earnings in the three nine September 30, 2022 Other Repo Transactions In addition to the Company’s matched book repo business, the Company may may no not Repo Information As of September 30, 2022 December 31, 2021 September 30, 2022 December 31, 2021 As of September 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.  The gestation repo business has been and continues to be concentrated as to reverse repurchase counterparties. The Company conducts this business with a limited number of reverse repo counterparties. As of September 30, 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 $2,376 and $15,155 for the three nine September 30, 2022 three nine September 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) September 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) $ - $ 749,673 $ - $ - $ 749,673 $ - $ 749,673 $ - $ - $ 749,673 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) $ - $ 699,658 $ - $ - $ 699,658 $ - $ 699,658 $ - $ - $ 699,658    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	9 Months Ended
	Sep. 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 - - 697 697 Distributions / repayments - - (75 ) (75 ) Reclasses to (from) - - (20,864 ) (20,864 ) Earnings / (loss) realized (1,142 ) (495 ) (12,893 ) (14,530 ) September 30, 2022 $ 3,401 $ 5,105 $ 4,960 $ 13,466 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 September 30, 2022 (Dollars in Thousands) Entity Ticker Equity Method Carrying Value Parella Weinberg Partners PWP $ 75 Alpha Tau Medical Ltd. DRTS 696 Various other Sponsor Entities 4,189 Total $ 4,960 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. The amounts included as Various and other Sponsor Entities represent the Company's investment in Sponsor Entities which have not no The following tables show certain summary financial data of all the Company's equity method investees. These amounts include all equity method investees whether accounted for under the equity method or at fair value. All information is presented on a combined basis. September 30, 2022 December 31, 2021 Total Assets $ 1,028,054 $ 1,158,081 Liabilities $ 361,650 $ 193,433 Total Equity 666,404 964,648 Total Liabilities & Equity $ 1,028,054 $ 1,158,081 Nine months ending September 30, September 30, 2022 2021 Net income/(loss) $ (38,511 ) $ 18,452 Net income/(loss) attributable to the investee $ (38,517 ) $ 18,452

Note 12 - Leases

Note 12 - Leases	9 Months Ended
	Sep. 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,  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 September 30, 2022  Maturities of operating lease liability payments consisted of the following. FUTURE MATURITY OF LEASE LIABILITIES (Dollars in Thousands) As of September 30, 2022 2022 - remaining $ 589 2023 2,636 2024 2,108 2025 1,753 2026 1,497 Thereafter 3,729 Total 12,312 Less imputed interest (1,573 ) Lease obligation $ 10,739 During the nine September 30, 2022 2021 No three nine September 30, 2022 three nine September 30, 2021 

Note 13 - Other Receivables, Ot

Note 13 - Other Receivables, Other Assets, Accounts Payable and Other Liabilities	9 Months Ended
	Sep. 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) September 30, 2022 December 31, 2021 Asset management fees receivable $ 2,543 $ 962 New issue fee receivable 6,000 - Cash collateral due from counterparties 8,588 - Accrued interest receivable and dividend receivable 2,552 1,394 Revenue share receivable 191 108 Miscellaneous other receivables 865 739 Other receivables $ 20,739 $ 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  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. New issue fee receivable represents fees due for new issue and advisory services. The new issue fee receivable as of September 30, 2022 not 9. not  Other assets consisted of the following. OTHER ASSETS (Dollars in Thousands) September 30, 2022 December 31, 2021 Deferred costs $ 10 $ 240 Prepaid expenses 1,317 1,286 Deposits 449 479 Miscellaneous other assets - 258 Furniture, equipment, and leasehold improvements, net 1,524 1,456 Intangible assets 166 166 Other assets $ 3,466 $ 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 note 16 10 December 31, 2021  Accounts payable and other liabilities consisted of the following.  ACCOUNTS PAYABLE AND OTHER LIABILITIES (Dollars in Thousands) September 30, 2022 December 31, 2021 Accounts payable $ 684 $ 122 Redeemable financial instruments accrued interest 244 291 Accrued income tax 54 179 Accrued interest payable 377 558 Accrued interest on securities sold, not yet purchased 883 704 Payroll taxes payable 1,679 1,548 Counterparty cash collateral 22,788 17,320 Accrued expense and other liabilities 1,797 2,097 Accounts payable and other liabilities $ 28,506 $ 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	9 Months Ended
	Sep. 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 September 30, 2022 As of December 31, 2021 Cash and cash equivalents $ 50 $ 43 Other investments, at fair value - 9,543 Investment in equity method affiliates 3,439 33,080 Non-controlling interest (4,238 ) (29,979 ) Investment in consolidated VIEs $ (749 ) $ 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 September 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 September 30, 2022 December 31, 2021, $8,464 not three nine September 30, 2022 2021 September 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 trust VIEs that hold the Company’s junior subordinated notes (see note 16 not September 30, 2022 December 31, 2021 CARRYING VALUE OF VARIABLE INTERESTS IN NON-CONSOLIDATED VARIABLE INTEREST ENTITIES (Dollars in Thousands) As of September 30, 2022 As of December 31, 2021 Other investments, at fair value $ 10,745 $ 11,260 Investments in equity method affiliates 8,361 5,015 Maximum exposure $ 19,106 $ 16,275

Note 15 - Redeemable Financial

Note 15 - Redeemable Financial Instruments	9 Months Ended
	Sep. 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 September 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	9 Months Ended
	Sep. 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 September 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 6.78% July 2037 Sunset Financial Statutory Trust I 20,000 20,000 Variable 6.40% March 2035 Less unamortized discount (23,746 ) (24,164 ) 24,379 23,961 ByLine Bank - - Variable NA December 2023 Total $ 28,879 $ 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. September 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 September 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 September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Junior subordinated notes $ 921 $ 652 $ 2,334 $ 1,951 2020 Senior Notes 113 136 344 404 2017 Convertible Note - 388 327 1,144 2013 Convertible Notes / 2019 Senior Notes - 67 - 210 Byline Credit Facility 67 67 201 198 Redeemable Financial Instrument - DGC Trust / CBF - - - 197 Redeemable Financial Instrument - JKD Capital Partners I LTD 245 421 597 1,423 $ 1,346 $ 1,731 $ 3,803 $ 5,527 

Note 17 - Equity

Note 17 - Equity	9 Months Ended
	Sep. 30, 2022
Notes to Financial Statements
Shareholders' Equity and Share-Based Payments [Text Block]	17. Stockholders’ Equity Common Equity nine September 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 ) September 30, 2022 1,428,883 Series E Voting Non-Convertible Preferred Stock no ten one September 30, 2022 21 10 December 31, 2021  Series F Voting Non-Convertible Preferred Stock December 23, 2019, December 30, 2019, not one ten September 30, 2022 . 21 10 December 31, 2021 Cash Dividends During the three nine September 30, 2022 three nine September 30, 2021 During the nine September 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 nine September 30, 2022 2021  Nine Months Ended Nine Months Ended September 30, 2022 September 30, 2021 Net income / (loss) attributable to Cohen & Company Inc. $ (10,388 ) $ 7,651 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 ) (2,023 ) Changes from net income / (loss) attributable to Cohen & Company Inc. and transfers (to) from the non-controlling interest $ (10,769 ) $ 5,628   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 nine September 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 nine September 30, 2021 I.B.6 3, no 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) (17,691 ) (598 ) (18,382 ) (36,671 ) Other comprehensive (loss) (287 ) - - (287 ) Acquisition / (surrender) of additional units of consolidated subsidiary 376 - - 376 Equity-based compensation 2,354 - - 2,354 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. (5,535 ) - - (5,535 ) Distributions to non-convertible non-controlling interest of Operating LLC - - (8,653 ) (8,653 ) September 30, 2022 $ 51,687 $ 4,210 $ 30 $ 55,927 The Operating LLC non-controlling interest is included as convertible non-controlling interest in the consolidated statement of operations. The other components on non-controlling interest are included as non-convertible non-controlling interest in the statement of operations. See note 16. 21 10 December 31, 2021,

Note 18 - Income Taxes

Note 18 - Income Taxes	9 Months Ended
	Sep. 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. nine September 30, 2022 2. no 3. 4. may not 740

Note 19 - Net Capital Requireme

Note 19 - Net Capital Requirements	9 Months Ended
	Sep. 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 September 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 September 30, 2022 April 7, 2022.

Note 20 - Earnings (Loss) Per C

Note 20 - Earnings (Loss) Per Common Share	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Net income / (loss) attributable to Cohen & Company Inc. $ (919 ) $ (3,429 ) $ (10,388 ) $ 7,651 Add: Net income (loss) attributable to the convertible non-controlling interest of Cohen & Company Inc. - (11,221 ) - 20,301 Add: Interest expense incurred on dilutive convertible notes - - - 882 Add / (deduct): Adjustment (2) - 237 - (1,179 ) Net income / (loss) on a fully converted basis $ (919 ) $ (14,413 ) $ (10,388 ) $ 27,655 Weighted average common shares outstanding - Basic 1,428,883 1,314,554 1,417,358 1,140,149 Unrestricted Operating LLC membership units exchangeable into Cohen & Company Inc. shares (1) - 2,855,767 - 2,849,889 Restricted units or shares - - - 187,726 Shares issuable upon conversion of dilutive convertible notes - - - 1,034,483 Weighted average common shares outstanding - Diluted (3) 1,428,883 4,170,321 1,417,358 5,212,247 Net income / (loss) per common share - Basic $ (0.64 ) $ (2.61 ) $ (7.33 ) $ 6.71 Net income / (loss) per common share - Diluted $ (0.64 ) $ (3.46 ) $ (7.33 ) $ 5.31 ( 1 The Operating LLC units of membership interest not may ten one not ten one tenth not not ( 2 An adjustment is included because the Company would have incurred a higher income tax expense or realized a higher income tax benefit, as applicable, if the Operating LLC units of membership interests had been converted at the beginning of the period. ( 3 Potentially diluted securities that were not Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Unrestricted Operating LLC membership units exchangeable into Cohen & Company Inc. shares 3,965,405 - 3,658,204 - 2017 Convertible Note Units - 1,034,483 298,851 - Restricted Common Stock 6,211 102,038 10,334 - Restricted Operating LLC units 1,963 77,540 4,087 - 3,973,579 1,214,061 3,971,476 -

Note 21 - Commitments and Conti

Note 21 - Commitments and Contingencies	9 Months Ended
	Sep. 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. April 18, 2022, October 6, 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	9 Months Ended
	Sep. 30, 2022
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	22. The Company operates within three business segments: Capital Markets, Asset Management, and Principal Investing. See note 1. not not 1  SEGMENT INFORMATION Statement of Operations Information Nine Months Ended September 30, 2022 Capital Asset Principal Segment Unallocated Markets Management Investing Total (1) Total Net trading $ 30,365 $ - $ - $ 30,365 $ - $ 30,365 Asset management - 7,243 - 7,243 - 7,243 New issue and advisory 20,486 - - 20,486 - 20,486 Principal transactions and other income 1 534 (26,692 ) (26,157 ) - (26,157 ) Total revenues 50,852 7,777 (26,692 ) 31,937 - 31,937 Compensation 27,790 4,213 648 32,651 8,669 41,320 Other Operating Expense 10,247 1,478 522 12,247 3,562 15,809 Total operating expenses 38,037 5,691 1,170 44,898 12,231 57,129 Operating income (loss) 12,815 2,086 (27,862 ) (12,961 ) (12,231 ) (25,192 ) Interest income (expense) (201 ) - - (201 ) (3,602 ) (3,803 ) Income (loss) from equity method affiliates - - (14,530 ) (14,530 ) - (14,530 ) Income (loss) before income taxes 12,614 2,086 (42,392 ) (27,692 ) (15,833 ) (43,525 ) Income tax expense (benefit) - - - - 3,534 3,534 Net income (loss) 12,614 2,086 (42,392 ) (27,692 ) (19,367 ) (47,059 ) Less: Net income (loss) attributable to the non-convertible non-controlling interest of the Operating LLC - - (18,980 ) (18,980 ) - (18,980 ) Enterprise net income (loss) 12,614 2,086 (23,412 ) (8,712 ) (19,367 ) (28,079 ) Less: Net income (loss) attributable to the convertible non-controlling interest of Cohen & Company Inc. - - - - (17,691 ) (17,691 ) Net income (loss) attributable to Cohen & Company Inc. $ 12,614 $ 2,086 $ (23,412 ) $ (8,712 ) $ (1,676 ) $ (10,388 ) Other statement of operations data Depreciation and amortization (included in total operating expense) $ - $ 3 $ - $ 3 $ 411 $ 414 SEGMENT INFORMATION Statement of Operations Information Nine Months Ended September 30, 2021 Capital Asset Principal Segment Unallocated Markets Management Investing Total (1) Total Net trading $ 54,181 $ - $ - $ 54,181 $ - $ 54,181 Asset management - 5,787 - 5,787 - 5,787 New issue and advisory 11,527 - - 11,527 - 11,527 Principal transactions and other income (4 ) 525 47,310 47,831 - 47,831 Total revenues 65,704 6,312 47,310 119,326 - 119,326 Compensation 30,476 4,201 13,415 48,092 13,322 61,414 Other Operating Expense 10,093 1,445 174 11,712 3,946 15,658 Total operating expenses 40,569 5,646 13,589 59,804 17,268 77,072 Operating income (loss) 25,135 666 33,721 59,522 (17,268 ) 42,254 Interest (expense) income (198 ) - - (198 ) (5,329 ) (5,527 ) Income (loss) from equity method affiliates - - 7,512 7,512 - 7,512 Other non-operating income - - - - 2,127 2,127 Income (loss) before income taxes 24,937 666 41,233 66,836 (20,470 ) 46,366 Income tax expense (benefit) - - - - 577 577 Net income (loss) 24,937 666 41,233 66,836 (21,047 ) 45,789 Less: Net income (loss) attributable to the non-convertible non-controlling interest of the Operating LLC - (5 ) 17,842 17,837 - 17,837 Enterprise net income (loss) 24,937 671 23,391 48,999 (21,047 ) 27,952 Less: Net income (loss) attributable to the convertible non-controlling interest of Cohen & Company Inc. - - - - 20,301 20,301 Net income (loss) attributable to Cohen & Company Inc. $ 24,937 $ 671 $ 23,391 $ 48,999 $ (41,348 ) $ 7,651 Other statement of operations data Depreciation and amortization (included in total operating expense) $ 1 $ 2 $ - $ 3 $ 255 $ 258 SEGMENT INFORMATION Statement of Operations Information Three Months Ended September 30, 2022 Capital Asset Principal Segment Unallocated Markets Management Investing Total (1) Total Net trading $ 7,966 $ - $ - $ 7,966 $ - $ 7,966 Asset management - 3,456 - 3,456 - 3,456 New issue and advisory 13,235 - - 13,235 - 13,235 Principal transactions and other income - 191 (1,383 ) (1,192 ) - (1,192 ) Total revenues 21,201 3,647 (1,383 ) 23,465 - 23,465 Compensation 10,102 1,361 238 11,701 3,526 15,227 Other Operating Expense 3,571 524 174 4,269 1,121 5,390 Total operating expenses 13,673 1,885 412 15,970 4,647 20,617 Operating income (loss) 7,528 1,762 (1,795 ) 7,495 (4,647 ) 2,848 Interest income (expense) (67 ) - - (67 ) (1,279 ) (1,346 ) Income (loss) from equity method affiliates - - 618 618 - 618 Other non-operating income - - - - - - Income (loss) before income taxes 7,461 1,762 (1,177 ) 8,046 (5,926 ) 2,120 Income tax expense (benefit) - - - - 1,761 1,761 Net income (loss) 7,461 1,762 (1,177 ) 8,046 (7,687 ) 359 Less: Net income (loss) attributable to the non-convertible non-controlling interest of the Operating LLC - - (109 ) (109 ) (109 ) Enterprise net income (loss) 7,461 1,762 (1,068 ) 8,155 (7,687 ) 468 Less: Net income (loss) attributable to the convertible non-controlling interest of Cohen & Company Inc. - - - - 1,387 1,387 Net income (loss) attributable to Cohen & Company Inc. $ 7,461 $ 1,762 $ (1,068 ) $ 8,155 $ (9,074 ) $ (919 ) Other statement of operations data Depreciation and amortization (included in total operating expense) $ - $ 1 $ - $ 1 $ 138 $ 139 SEGMENT INFORMATION Statement of Operations Information Three Months Ended September 30, 2021 Capital Asset Principal Segment Unallocated Markets Management Investing Total (1) Total Net trading $ 16,599 $ - $ - $ 16,599 $ - $ 16,599 Asset management - 1,856 - 1,856 - 1,856 New issue and advisory 8,838 - - 8,838 - 8,838 Principal transactions and other income (3 ) 251 (20,957 ) (20,709 ) - (20,709 ) Total revenues 25,434 2,107 (20,957 ) 6,584 - 6,584 Compensation 11,200 1,540 155 12,895 7,682 20,577 Other Operating Expense 3,362 456 130 3,948 1,177 5,125 Total operating expenses 14,562 1,996 285 16,843 8,859 25,702 Operating income (loss) 10,872 111 (21,242 ) (10,259 ) (8,859 ) (19,118 ) Interest (expense) income (67 ) - - (67 ) (1,664 ) (1,731 ) Income (loss) from equity method affiliates - - 2,857 2,857 - 2,857 Other non-operating income - - - - - - Income (loss) before income taxes 10,805 111 (18,385 ) (7,469 ) (10,523 ) (17,992 ) Income tax expense (benefit) - - - - (248 ) (248 ) Net income (loss) 10,805 111 (18,385 ) (7,469 ) (10,275 ) (17,744 ) Less: Net income (loss) attributable to the non-convertible non-controlling interest of the Operating LLC - - (3,094 ) (3,094 ) - (3,094 ) Enterprise net income (loss) 10,805 111 (15,291 ) (4,375 ) (10,275 ) (14,650 ) Less: Net income (loss) attributable to the convertible non-controlling interest of Cohen & Company Inc. - - - - (11,221 ) (11,221 ) Net income (loss) attributable to Cohen & Company Inc. $ 10,805 $ 111 $ (15,291 ) $ (4,375 ) $ 946 $ (3,429 ) Other statement of operations data Depreciation and amortization (included in total operating expense) $ - $ 1 $ - $ 1 $ 89 $ 90   BALANCE SHEET DATA As of September 30, 2022 (Dollars in Thousands) Capital Asset Principal Segment Unallocated Markets Management Investing Total (1) Total Total Assets $ 1,139,850 $ 5,518 $ 51,293 $ 1,196,661 $ 39,452 $ 1,236,113 Included within total assets: Investments in equity method affiliates $ - $ - $ 13,466 $ 13,466 $ - $ 13,466 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 September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Total Revenues: United States $ 22,550 $ 4,809 $ 29,299 $ 114,984 Europe & Other 915 1,775 2,638 4,342 Total $ 23,465 $ 6,584 $ 31,937 $ 119,326  Long-lived assets attributable to an individual country, other than the United States, are not 

Note 23 - Supplemental Cash Flo

Note 23 - Supplemental Cash Flow Disclosure	9 Months Ended
	Sep. 30, 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 $3,482 and $4,768 for the nine September 30, 2022 2021 The Company paid income taxes of $316 and $166 for the nine September 30, 2022 2021 nine September 30, 2022 2021 For the nine September 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 $20,864 and an increase in other investments at fair value of $20,864 resulting from an in-kind distribution from equity method affiliates. ● The Company recorded a decrease in other investments at fair value of $6,417 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 nine September 30, 2021 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 $2,023, a net increase of $9 in AOCI, and a decrease of $2,032 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. ● The Company recorded a decrease in equity method affiliates of $1,352 and an increase in other investments at fair value of $1,352 resulting from an in-kind distribution from an equity method affiliate. ● The Company recorded a decrease in other investments at fair value of $2,415 and a decrease in non-controlling interest of $2,415 resulting from in-kind distributions from other consolidated subsidiaries. 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: Nine Months Ended September 30, 2022 2021 Collateral deposit end of period $ 22,788 $ 40,465 Less: Collateral deposit beginning of period 17,320 41,119 Impact to cash flow from operations $ 5,468 $ (654 )

Note 24 - Related Party Transac

Note 24 - Related Party Transactions	9 Months Ended
	Sep. 30, 2022
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	24 . RELATED PARTY TRANSACTIONS Certain defined terms in this footnote are defined the Company’s Annual Report on Form 10 December 31, 2021. nine September 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 September 30, 2022 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 September 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 September 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 September 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 September 30, 2022 ed 2.8% 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 September 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 September 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 Nine Months Ended September 30, 2022 September 30, 2021 September 30, 2022 September 30, 2021 Asset management SPAC Fund $ 220 $ 305 $ 763 $ 812 Other SPAC Entities - - - 319 U.S. Insurance JV 273 155 808 350 $ 493 $ 460 $ 1,571 $ 1,481 Principal transactions and other income Insurance SPAC II $ - $ - $ - $ 40 Insurance SPAC III 60 60 180 180 FlipOS - 1,805 4,196 1,805 Other SPAC Entities 35 20 95 107 SPAC Fund 6 (39 ) (57 ) 429 U.S. Insurance JV 76 16 (34 ) 275 CREO 165 - 282 - $ 342 $ 1,862 $ 4,662 $ 2,836 Income (loss) from equity method affiliates Dutch Real Estate Entities $ (230 ) $ (96 ) $ (495 ) $ (179 ) Insurance SPAC II - - - (107 ) Insurance SPAC III (187 ) (296 ) (1,142 ) (986 ) Other SPAC Entities 1,035 3,249 (12,893 ) 8,784 $ 618 $ 2,857 $ (14,530 ) $ 7,512 Operating expense (income) Duane Morris $ 202 $ 117 $ 497 $ 655 FinTech Masala, LLC (1 ) (18 ) (44 ) (39 ) $ 201 $ 99 $ 453 $ 616 Interest expense (income) CBF $ - $ - $ - $ 197 DGC Trust - 388 326 1,144 EBC - 68 - 210 JKD Investor 357 489 918 1,625 $ 357 $ 945 $ 1,244 $ 3,176  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 $94 three nine September 30, 2022 were $58 three nine September 30, 2021 The Company leased 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. This lease terminated June 20, 2022. three September 30, 2022 2021 nine September 30, 2022 2021

Note 25 - Due From Due to Relat

Note 25 - Due From Due to Related Parties	9 Months Ended
	Sep. 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) September 30, 2022 December 31, 2021 CK Capital $ - $ 137 U.S. Insurance JV 227 147 Insurance SPAC III 960 500 SPAC Fund 325 3,653 Employee & other 252 144 Due from related parties $ 1,764 $ 4,581 

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 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 September 30, 2022 December 31, 2021 pany’s de bt was estimated to be and , respectively. The estim ated f 3 Derivatives may not not third 

Note 2 - Basis of Presentation

Note 2 - Basis of Presentation (Tables)	9 Months Ended
	Sep. 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)	9 Months Ended
	Sep. 30, 2022
Notes Tables
Schedule of Net Trading [Table Text Block]	Three Months Ended Nine Months Ended September 30, September 30, September 30, September 30, 2022 2021 2022 2021 Net realized gains (losses) - trading inventory $ 922 $ 2,056 $ 10,649 $ 17,171 Net unrealized gains (losses) - trading inventory 742 1,871 (5,448 ) (2,216 ) Net gains and losses 1,664 3,927 5,201 14,955 Interest income- trading inventory 478 1,291 2,314 4,756 Interest income-reverse repos 11,831 19,586 39,831 58,977 Interest income 12,309 20,877 42,145 63,733 Interest expense-repos (9,455 ) (10,140 ) (24,676 ) (30,527 ) Interest expense-margin payable (848 ) (168 ) (1,456 ) (561 ) Interest expense (10,303 ) (10,308 ) (26,132 ) (31,088 ) Other trading revenue 4,296 2,103 9,151 6,581 Net trading $ 7,966 $ 16,599 $ 30,365 $ 54,181

Note 6 - Receivables from and_2

Note 6 - Receivables from and Payables to Brokers, Dealers, and Clearing Agencies (Tables)	9 Months Ended
	Sep. 30, 2022
Notes Tables
Schedule of Due to (from) Broker-Dealer and Clearing Organization [Table Text Block]	September 30, 2022 December 31, 2021 Deposits with clearing agencies $ 250 $ 250 Unsettled regular way trades, net - 2,827 Receivables from clearing agencies 121,672 65,315 Receivables from brokers, dealers, and clearing agencies $ 121,922 $ 68,392 September 30, 2022 December 31, 2021 Unsettled regular way trades, net $ 2,431 $ - Margin payable 129,981 160,896 Payables to brokers, dealers, and clearing agencies $ 132,412 $ 160,896

Note 7 - Financial Instruments

Note 7 - Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2022
Notes Tables
Debt Securities, Trading, and Equity Securities, FV-NI [Table Text Block]	September 30, 2022 December 31, 2021 U.S. government agency MBS and CMOs $ 146,940 $ 134,093 U.S. government agency debt securities 22,920 22,373 RMBS 7 9 U.S. Treasury securities 15,249 - ABS 1 1 Corporate bonds and redeemable preferred stock 46,654 45,519 Foreign government bonds 196 467 Municipal bonds 4,220 18,841 Certificates of deposit - 169 Derivatives 35,481 1,275 Equity securities 155 1,118 Investments-trading $ 271,823 $ 223,865
Investments Sold, Not yet Purchased [Table Text Block]	September 30, 2022 December 31, 2021 U.S. government agency debt securities $ 1 $ 1 U.S. Treasury securities 74,309 29,513 Corporate bonds and redeemable preferred stock 43,910 32,574 Derivatives 33,859 424 Trading securities sold, not yet purchased $ 152,079 $ 62,512 September 30, 2022 December 31, 2021 Equity securities $ 57 $ 2,488 Equity derivatives 853 - Other investments sold, not yet purchased $ 910 $ 2,488
Schedule of Other Investments at Fair Value [Table Text Block]	September 30, 2022 December 31, 2021 Equity securities $ 21,186 $ 27,104 Restricted equity securities 5,182 17,078 Corporate bonds and redeemable preferred stock 476 476 CREO 6,818 5,830 U.S. Insurance JV 3,414 3,450 SPAC Fund 513 1,980 Residential loans 137 115 Other investments, at fair value $ 37,726 $ 56,033

Note 8 - Fair Value Disclosur_2

Note 8 - Fair Value Disclosures (Tables)	9 Months Ended
	Sep. 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 $ 146,940 $ - $ 146,940 $ - U.S. government agency debt securities 22,920 - 22,920 - RMBS 7 - 7 - U.S. Treasury securities 15,249 15,249 - - ABS 1 - 1 - Corporate bonds and redeemable preferred stock 46,654 - 46,654 - Foreign government bonds 196 - 196 - Municipal bonds 4,220 - 4,220 - Derivatives 35,481 - 35,481 - Equity securities 155 155 - - Total investments - trading $ 271,823 $ 15,404 $ 256,419 $ - Other investments, at fair value: Equity securities $ 21,186 21,186 $ - $ - Restricted equity securities 5,182 - 5,182 - Corporate bonds and redeemable preferred stock 476 - 476 - Residential loans 137 - 137 - 26,981 $ 21,186 $ 5,795 $ - Investments measured at NAV (1) 10,745 Total other investments, at fair value $ 37,726 Liabilities Trading securities sold, not yet purchased: U.S. government agency debt securities $ 1 $ - $ 1 $ - U.S. Treasury securities 74,309 74,309 - - Corporate bonds and redeemable preferred stock 43,910 - 43,910 - Derivatives 33,859 - 33,859 - Total trading securities sold, not yet purchased $ 152,079 $ 74,309 $ 77,770 $ -  Other investments, sold not yet purchased: Equity securities $ 57 $ 57 $ - $ - Equity derivatives 853 - 853 - Total other investments sold, not yet purchased $ 910 $ 57 $ 853 $ - 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 September 30, 2022 Unfunded Commitments Redemption Frequency Redemption Notice Period Other investments, at fair value CREO (a) $ 6,818 $ 8,464 N/A N/A U.S. Insurance JV (b) 3,414 N/A N/A N/A SPAC Fund (c) 513 N/A Quarterly after 1 year lock up 30 days $ 10,745 Fair Value December 31, 2021 Unfunded Commitments Redemption Frequency Redemption Notice Period 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)	9 Months Ended
	Sep. 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 September 30, 2022 December 31, 2021 TBAs and other forward agency MBS Investments-trading $ 35,481 $ 1,275 TBAs and other forward agency MBS Trading securities sold, not yet purchased (33,859 ) (424 ) Equity derivatives Other investments, sold not purchased (853 ) - $ 769 $ 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 September 30, 2022 Three Months Ended September 30, 2021 Other extended settlement trades Revenue-net trading $ - $ (19 ) TBAs and other forward agency MBS Revenue-net trading 2,685 1,160 Equity derivatives Principal transactions and other income (853 ) 195 $ 1,832 $ 1,336 Derivative Financial Instruments Not Designated as Hedging Instruments Under FASB ASC 815 Income Statement Classification Nine Months Ended September 30, 2022 Nine Months Ended September 30, 2021 Other extended settlement trades Revenue-net trading $ - $ 1 TBAs and other forward agency MBS Revenue-net trading 8,283 5,736 Equity derivatives Principal transactions and other income (853 ) 387 $ 7,430 $ 6,124

Note 10 - Collateralized Secu_2

Note 10 - Collateralized Securities Transactions (Tables)	9 Months Ended
	Sep. 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) $ - $ 749,673 $ - $ - $ 749,673 $ - $ 749,673 $ - $ - $ 749,673 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) $ - $ 699,658 $ - $ - $ 699,658 $ - $ 699,658 $ - $ - $ 699,658 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)	9 Months Ended
	Sep. 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 - - 697 697 Distributions / repayments - - (75 ) (75 ) Reclasses to (from) - - (20,864 ) (20,864 ) Earnings / (loss) realized (1,142 ) (495 ) (12,893 ) (14,530 ) September 30, 2022 $ 3,401 $ 5,105 $ 4,960 $ 13,466 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 September 30, 2022 December 31, 2021 Total Assets $ 1,028,054 $ 1,158,081 Liabilities $ 361,650 $ 193,433 Total Equity 666,404 964,648 Total Liabilities & Equity $ 1,028,054 $ 1,158,081 Nine months ending September 30, September 30, 2022 2021 Net income/(loss) $ (38,511 ) $ 18,452 Net income/(loss) attributable to the investee $ (38,517 ) $ 18,452
Other SPAC Sponsor Entities [Table Text Block]	Entity Ticker Equity Method Carrying Value Parella Weinberg Partners PWP $ 75 Alpha Tau Medical Ltd. DRTS 696 Various other Sponsor Entities 4,189 Total $ 4,960 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)	9 Months Ended
	Sep. 30, 2022
Notes Tables
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	As of September 30, 2022 2022 - remaining $ 589 2023 2,636 2024 2,108 2025 1,753 2026 1,497 Thereafter 3,729 Total 12,312 Less imputed interest (1,573 ) Lease obligation $ 10,739

Note 13 - Other Receivables, _2

Note 13 - Other Receivables, Other Assets, Accounts Payable and Other Liabilities (Tables)	9 Months Ended
	Sep. 30, 2022
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	September 30, 2022 December 31, 2021 Asset management fees receivable $ 2,543 $ 962 New issue fee receivable 6,000 - Cash collateral due from counterparties 8,588 - Accrued interest receivable and dividend receivable 2,552 1,394 Revenue share receivable 191 108 Miscellaneous other receivables 865 739 Other receivables $ 20,739 $ 3,203
Schedule of Other Assets [Table Text Block]	September 30, 2022 December 31, 2021 Deferred costs $ 10 $ 240 Prepaid expenses 1,317 1,286 Deposits 449 479 Miscellaneous other assets - 258 Furniture, equipment, and leasehold improvements, net 1,524 1,456 Intangible assets 166 166 Other assets $ 3,466 $ 3,885
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]	September 30, 2022 December 31, 2021 Accounts payable $ 684 $ 122 Redeemable financial instruments accrued interest 244 291 Accrued income tax 54 179 Accrued interest payable 377 558 Accrued interest on securities sold, not yet purchased 883 704 Payroll taxes payable 1,679 1,548 Counterparty cash collateral 22,788 17,320 Accrued expense and other liabilities 1,797 2,097 Accounts payable and other liabilities $ 28,506 $ 22,819

Note 14 - Variable Interest E_2

Note 14 - Variable Interest Entities (Tables)	9 Months Ended
	Sep. 30, 2022
Notes Tables
Summary of Consolidated Variable Interest Entities [Table Text Block]	As of September 30, 2022 As of December 31, 2021 Cash and cash equivalents $ 50 $ 43 Other investments, at fair value - 9,543 Investment in equity method affiliates 3,439 33,080 Non-controlling interest (4,238 ) (29,979 ) Investment in consolidated VIEs $ (749 ) $ 12,687
Schedule of Variable Interest Entities [Table Text Block]	As of September 30, 2022 As of December 31, 2021 Other investments, at fair value $ 10,745 $ 11,260 Investments in equity method affiliates 8,361 5,015 Maximum exposure $ 19,106 $ 16,275

Note 15 - Redeemable Financia_2

Note 15 - Redeemable Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2022
Notes Tables
Schedule of Redeemable Financial Instruments [Table Text Block]	As of September 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)	9 Months Ended
	Sep. 30, 2022
Notes Tables
Schedule of Debt [Table Text Block]	As of As of Interest Description September 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 6.78% July 2037 Sunset Financial Statutory Trust I 20,000 20,000 Variable 6.40% March 2035 Less unamortized discount (23,746 ) (24,164 ) 24,379 23,961 ByLine Bank - - Variable NA December 2023 Total $ 28,879 $ 43,394
Schedule Of Interest Expense By Debt Instrument [Table Text Block]	Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Junior subordinated notes $ 921 $ 652 $ 2,334 $ 1,951 2020 Senior Notes 113 136 344 404 2017 Convertible Note - 388 327 1,144 2013 Convertible Notes / 2019 Senior Notes - 67 - 210 Byline Credit Facility 67 67 201 198 Redeemable Financial Instrument - DGC Trust / CBF - - - 197 Redeemable Financial Instrument - JKD Capital Partners I LTD 245 421 597 1,423 $ 1,346 $ 1,731 $ 3,803 $ 5,527

Note 17 - Equity (Tables)

Note 17 - Equity (Tables)	9 Months Ended
	Sep. 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 ) September 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]	Nine Months Ended Nine Months Ended September 30, 2022 September 30, 2021 Net income / (loss) attributable to Cohen & Company Inc. $ (10,388 ) $ 7,651 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 ) (2,023 ) Changes from net income / (loss) attributable to Cohen & Company Inc. and transfers (to) from the non-controlling interest $ (10,769 ) $ 5,628 
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) (17,691 ) (598 ) (18,382 ) (36,671 ) Other comprehensive (loss) (287 ) - - (287 ) Acquisition / (surrender) of additional units of consolidated subsidiary 376 - - 376 Equity-based compensation 2,354 - - 2,354 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. (5,535 ) - - (5,535 ) Distributions to non-convertible non-controlling interest of Operating LLC - - (8,653 ) (8,653 ) September 30, 2022 $ 51,687 $ 4,210 $ 30 $ 55,927

Note 20 - Earnings (Loss) Per_2

Note 20 - Earnings (Loss) Per Common Share (Tables)	9 Months Ended
	Sep. 30, 2022
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Net income / (loss) attributable to Cohen & Company Inc. $ (919 ) $ (3,429 ) $ (10,388 ) $ 7,651 Add: Net income (loss) attributable to the convertible non-controlling interest of Cohen & Company Inc. - (11,221 ) - 20,301 Add: Interest expense incurred on dilutive convertible notes - - - 882 Add / (deduct): Adjustment (2) - 237 - (1,179 ) Net income / (loss) on a fully converted basis $ (919 ) $ (14,413 ) $ (10,388 ) $ 27,655 Weighted average common shares outstanding - Basic 1,428,883 1,314,554 1,417,358 1,140,149 Unrestricted Operating LLC membership units exchangeable into Cohen & Company Inc. shares (1) - 2,855,767 - 2,849,889 Restricted units or shares - - - 187,726 Shares issuable upon conversion of dilutive convertible notes - - - 1,034,483 Weighted average common shares outstanding - Diluted (3) 1,428,883 4,170,321 1,417,358 5,212,247 Net income / (loss) per common share - Basic $ (0.64 ) $ (2.61 ) $ (7.33 ) $ 6.71 Net income / (loss) per common share - Diluted $ (0.64 ) $ (3.46 ) $ (7.33 ) $ 5.31
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]	Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Unrestricted Operating LLC membership units exchangeable into Cohen & Company Inc. shares 3,965,405 - 3,658,204 - 2017 Convertible Note Units - 1,034,483 298,851 - Restricted Common Stock 6,211 102,038 10,334 - Restricted Operating LLC units 1,963 77,540 4,087 - 3,973,579 1,214,061 3,971,476 -

Note 22 - Segment and Geograp_2

Note 22 - Segment and Geographic Information (Tables)	9 Months Ended
	Sep. 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 $ 30,365 $ - $ - $ 30,365 $ - $ 30,365 Asset management - 7,243 - 7,243 - 7,243 New issue and advisory 20,486 - - 20,486 - 20,486 Principal transactions and other income 1 534 (26,692 ) (26,157 ) - (26,157 ) Total revenues 50,852 7,777 (26,692 ) 31,937 - 31,937 Compensation 27,790 4,213 648 32,651 8,669 41,320 Other Operating Expense 10,247 1,478 522 12,247 3,562 15,809 Total operating expenses 38,037 5,691 1,170 44,898 12,231 57,129 Operating income (loss) 12,815 2,086 (27,862 ) (12,961 ) (12,231 ) (25,192 ) Interest income (expense) (201 ) - - (201 ) (3,602 ) (3,803 ) Income (loss) from equity method affiliates - - (14,530 ) (14,530 ) - (14,530 ) Income (loss) before income taxes 12,614 2,086 (42,392 ) (27,692 ) (15,833 ) (43,525 ) Income tax expense (benefit) - - - - 3,534 3,534 Net income (loss) 12,614 2,086 (42,392 ) (27,692 ) (19,367 ) (47,059 ) Less: Net income (loss) attributable to the non-convertible non-controlling interest of the Operating LLC - - (18,980 ) (18,980 ) - (18,980 ) Enterprise net income (loss) 12,614 2,086 (23,412 ) (8,712 ) (19,367 ) (28,079 ) Less: Net income (loss) attributable to the convertible non-controlling interest of Cohen & Company Inc. - - - - (17,691 ) (17,691 ) Net income (loss) attributable to Cohen & Company Inc. $ 12,614 $ 2,086 $ (23,412 ) $ (8,712 ) $ (1,676 ) $ (10,388 ) Other statement of operations data Depreciation and amortization (included in total operating expense) $ - $ 3 $ - $ 3 $ 411 $ 414 Capital Asset Principal Segment Unallocated Markets Management Investing Total (1) Total Net trading $ 54,181 $ - $ - $ 54,181 $ - $ 54,181 Asset management - 5,787 - 5,787 - 5,787 New issue and advisory 11,527 - - 11,527 - 11,527 Principal transactions and other income (4 ) 525 47,310 47,831 - 47,831 Total revenues 65,704 6,312 47,310 119,326 - 119,326 Compensation 30,476 4,201 13,415 48,092 13,322 61,414 Other Operating Expense 10,093 1,445 174 11,712 3,946 15,658 Total operating expenses 40,569 5,646 13,589 59,804 17,268 77,072 Operating income (loss) 25,135 666 33,721 59,522 (17,268 ) 42,254 Interest (expense) income (198 ) - - (198 ) (5,329 ) (5,527 ) Income (loss) from equity method affiliates - - 7,512 7,512 - 7,512 Other non-operating income - - - - 2,127 2,127 Income (loss) before income taxes 24,937 666 41,233 66,836 (20,470 ) 46,366 Income tax expense (benefit) - - - - 577 577 Net income (loss) 24,937 666 41,233 66,836 (21,047 ) 45,789 Less: Net income (loss) attributable to the non-convertible non-controlling interest of the Operating LLC - (5 ) 17,842 17,837 - 17,837 Enterprise net income (loss) 24,937 671 23,391 48,999 (21,047 ) 27,952 Less: Net income (loss) attributable to the convertible non-controlling interest of Cohen & Company Inc. - - - - 20,301 20,301 Net income (loss) attributable to Cohen & Company Inc. $ 24,937 $ 671 $ 23,391 $ 48,999 $ (41,348 ) $ 7,651 Other statement of operations data Depreciation and amortization (included in total operating expense) $ 1 $ 2 $ - $ 3 $ 255 $ 258 Capital Asset Principal Segment Unallocated Markets Management Investing Total (1) Total Net trading $ 7,966 $ - $ - $ 7,966 $ - $ 7,966 Asset management - 3,456 - 3,456 - 3,456 New issue and advisory 13,235 - - 13,235 - 13,235 Principal transactions and other income - 191 (1,383 ) (1,192 ) - (1,192 ) Total revenues 21,201 3,647 (1,383 ) 23,465 - 23,465 Compensation 10,102 1,361 238 11,701 3,526 15,227 Other Operating Expense 3,571 524 174 4,269 1,121 5,390 Total operating expenses 13,673 1,885 412 15,970 4,647 20,617 Operating income (loss) 7,528 1,762 (1,795 ) 7,495 (4,647 ) 2,848 Interest income (expense) (67 ) - - (67 ) (1,279 ) (1,346 ) Income (loss) from equity method affiliates - - 618 618 - 618 Other non-operating income - - - - - - Income (loss) before income taxes 7,461 1,762 (1,177 ) 8,046 (5,926 ) 2,120 Income tax expense (benefit) - - - - 1,761 1,761 Net income (loss) 7,461 1,762 (1,177 ) 8,046 (7,687 ) 359 Less: Net income (loss) attributable to the non-convertible non-controlling interest of the Operating LLC - - (109 ) (109 ) (109 ) Enterprise net income (loss) 7,461 1,762 (1,068 ) 8,155 (7,687 ) 468 Less: Net income (loss) attributable to the convertible non-controlling interest of Cohen & Company Inc. - - - - 1,387 1,387 Net income (loss) attributable to Cohen & Company Inc. $ 7,461 $ 1,762 $ (1,068 ) $ 8,155 $ (9,074 ) $ (919 ) Other statement of operations data Depreciation and amortization (included in total operating expense) $ - $ 1 $ - $ 1 $ 138 $ 139 Capital Asset Principal Segment Unallocated Markets Management Investing Total (1) Total Net trading $ 16,599 $ - $ - $ 16,599 $ - $ 16,599 Asset management - 1,856 - 1,856 - 1,856 New issue and advisory 8,838 - - 8,838 - 8,838 Principal transactions and other income (3 ) 251 (20,957 ) (20,709 ) - (20,709 ) Total revenues 25,434 2,107 (20,957 ) 6,584 - 6,584 Compensation 11,200 1,540 155 12,895 7,682 20,577 Other Operating Expense 3,362 456 130 3,948 1,177 5,125 Total operating expenses 14,562 1,996 285 16,843 8,859 25,702 Operating income (loss) 10,872 111 (21,242 ) (10,259 ) (8,859 ) (19,118 ) Interest (expense) income (67 ) - - (67 ) (1,664 ) (1,731 ) Income (loss) from equity method affiliates - - 2,857 2,857 - 2,857 Other non-operating income - - - - - - Income (loss) before income taxes 10,805 111 (18,385 ) (7,469 ) (10,523 ) (17,992 ) Income tax expense (benefit) - - - - (248 ) (248 ) Net income (loss) 10,805 111 (18,385 ) (7,469 ) (10,275 ) (17,744 ) Less: Net income (loss) attributable to the non-convertible non-controlling interest of the Operating LLC - - (3,094 ) (3,094 ) - (3,094 ) Enterprise net income (loss) 10,805 111 (15,291 ) (4,375 ) (10,275 ) (14,650 ) Less: Net income (loss) attributable to the convertible non-controlling interest of Cohen & Company Inc. - - - - (11,221 ) (11,221 ) Net income (loss) attributable to Cohen & Company Inc. $ 10,805 $ 111 $ (15,291 ) $ (4,375 ) $ 946 $ (3,429 ) Other statement of operations data Depreciation and amortization (included in total operating expense) $ - $ 1 $ - $ 1 $ 89 $ 90
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	Capital Asset Principal Segment Unallocated Markets Management Investing Total (1) Total Total Assets $ 1,139,850 $ 5,518 $ 51,293 $ 1,196,661 $ 39,452 $ 1,236,113 Included within total assets: Investments in equity method affiliates $ - $ - $ 13,466 $ 13,466 $ - $ 13,466 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 September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Total Revenues: United States $ 22,550 $ 4,809 $ 29,299 $ 114,984 Europe & Other 915 1,775 2,638 4,342 Total $ 23,465 $ 6,584 $ 31,937 $ 119,326

Note 23 - Supplemental Cash F_2

Note 23 - Supplemental Cash Flow Disclosure (Tables)	9 Months Ended
	Sep. 30, 2022
Notes Tables
Schedule of Financial Instruments Owned and Pledged as Collateral [Table Text Block]	Nine Months Ended September 30, 2022 2021 Collateral deposit end of period $ 22,788 $ 40,465 Less: Collateral deposit beginning of period 17,320 41,119 Impact to cash flow from operations $ 5,468 $ (654 )

Note 24 - Related Party Trans_2

Note 24 - Related Party Transactions (Tables)	9 Months Ended
	Sep. 30, 2022
Notes Tables
Schedule of Related Party Transactions [Table Text Block]	Three Months Ended Nine Months Ended September 30, 2022 September 30, 2021 September 30, 2022 September 30, 2021 Asset management SPAC Fund $ 220 $ 305 $ 763 $ 812 Other SPAC Entities - - - 319 U.S. Insurance JV 273 155 808 350 $ 493 $ 460 $ 1,571 $ 1,481 Principal transactions and other income Insurance SPAC II $ - $ - $ - $ 40 Insurance SPAC III 60 60 180 180 FlipOS - 1,805 4,196 1,805 Other SPAC Entities 35 20 95 107 SPAC Fund 6 (39 ) (57 ) 429 U.S. Insurance JV 76 16 (34 ) 275 CREO 165 - 282 - $ 342 $ 1,862 $ 4,662 $ 2,836 Income (loss) from equity method affiliates Dutch Real Estate Entities $ (230 ) $ (96 ) $ (495 ) $ (179 ) Insurance SPAC II - - - (107 ) Insurance SPAC III (187 ) (296 ) (1,142 ) (986 ) Other SPAC Entities 1,035 3,249 (12,893 ) 8,784 $ 618 $ 2,857 $ (14,530 ) $ 7,512 Operating expense (income) Duane Morris $ 202 $ 117 $ 497 $ 655 FinTech Masala, LLC (1 ) (18 ) (44 ) (39 ) $ 201 $ 99 $ 453 $ 616 Interest expense (income) CBF $ - $ - $ - $ 197 DGC Trust - 388 326 1,144 EBC - 68 - 210 JKD Investor 357 489 918 1,625 $ 357 $ 945 $ 1,244 $ 3,176

Note 25 - Due From Due to Rel_2

Note 25 - Due From Due to Related Parties (Tables)	9 Months Ended
	Sep. 30, 2022
Notes Tables
Schedule Of Due From Or Due To Related Parties [Table Text Block]	September 30, 2022 December 31, 2021 CK Capital $ - $ 137 U.S. Insurance JV 227 147 Insurance SPAC III 960 500 SPAC Fund 325 3,653 Employee & other 252 144 Due from related parties $ 1,764 $ 4,581

Note 1 - Organization and Nat_2

Note 1 - Organization and Nature of Operations (Details Textual) $ in Millions	9 Months Ended
	Sep. 30, 2022 USD ($)
Assets under Management, Carrying Amount	$ 2,150
Number of Operating Segments	3
Collateralized Debt Obligations [Member]
Assets under Management, Carrying Amount	$ 1,160
Assets Under Management, Percentage of Total	53.80%

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						9 Months Ended		12 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Deferred income taxes	$ 8,173						$ 8,173		$ 11,513
Accounts payable and other liabilities	28,506						28,506		22,819
Accumulated deficit	(21,793)						(21,793)		(9,204)
Non-controlling interest	55,927						55,927		89,492
Income tax expense (benefit)	1,761			$ (248)			3,534	$ 577	(3,541)
Net Income (loss)	359	$ (12,252)	$ (35,166)	(17,744)	$ (3,195)	$ 66,728	(47,059)	45,789	74,038
Net Income attributable to non-controlling interests									62,230
Net income (loss)	$ (919)			$ (3,429)			$ (10,388)	$ 7,651	$ 11,808
Basic Earnings Per Share (in dollars per share)	$ (0.64)			$ (2.61)			$ (7.33)	$ 6.71	$ 9.95
Diluted Earnings Per Share (in dollars per share)	$ (0.64)			$ (3.46)			$ (7.33)	$ 5.31	$ 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)									$ 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)									$ 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	Sep. 30, 2022	Dec. 31, 2021
Debt Instrument, Fair Value Disclosure, Total	$ 32,039	$ 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	9 Months Ended
	Mar. 20, 2022	Jan. 31, 2022	Sep. 03, 2021	Dec. 22, 2020	Dec. 21, 2020	Mar. 31, 2022	Dec. 22, 2020	Sep. 30, 2022	Dec. 31, 2021	Dec. 31, 2020	Jan. 31, 2020	Mar. 10, 2017
Other Investments, Fair Value Disclosure								$ 37,726,000	$ 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								$ 1,764,000	$ 4,581,000
Equity Method Investments								13,466,000	48,238,000	$ 13,482,000
Stockholders' Equity Attributable to Noncontrolling Interest, Ending Balance								55,927,000	89,492,000
Insurance SPAC III Sponsor Entities [Member]
Stockholders' Equity Attributable to Noncontrolling Interest, Ending Balance								4,210,000
Net Carrying Value of Investment								(809,000)
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								3,401,000
CREO JV [Member]
Investments Committed Amount			15,000,000
Investments Committed, Amount By Investor			$ 435,000,000
Other Investments, Fair Value Disclosure								6,818,000
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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Net realized gains (losses) - trading inventory	$ 922	$ 2,056	$ 10,649	$ 17,171
Net unrealized gains (losses) - trading inventory	742	1,871	(5,448)	(2,216)
Net gains and losses	1,664	3,927	5,201	14,955
Interest income- trading inventory	478	1,291	2,314	4,756
Interest income-reverse repos	11,831	19,586	39,831	58,977
Interest income	12,309	20,877	42,145	63,733
Interest expense-repos	(9,455)	(10,140)	(24,676)	(30,527)
Interest expense-margin payable	(848)	(168)	(1,456)	(561)
Interest expense	(10,303)	(10,308)	(26,132)	(31,088)
Other trading revenue	4,296	2,103	9,151	6,581
Net trading	$ 7,966	$ 16,599	$ 30,365	$ 54,181

Note 6 - Receivables from and_3

Note 6 - Receivables from and Payables to Brokers, Dealers, and Clearing Agencies - Receivables from and Payables to from Brokers, Dealers and Clearing Agencies (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Deposits with clearing agencies	$ 250	$ 250
Unsettled regular way trades, net	0	2,827
Receivables from clearing agencies	121,672	65,315
Receivables from brokers, dealers, and clearing agencies	121,922	68,392
Unsettled regular way trades, net	2,431	0
Margin payable	129,981	160,896
Payables to brokers, dealers, and clearing agencies	$ 132,412	$ 160,896

Note 7 - Financial Instrument_2

Note 7 - Financial Instruments (Details Textual) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Other Investments, Fair Value Disclosure	$ 37,726	$ 56,033
Margin Loan Collateral [Member]
Other Investments, Fair Value Disclosure	$ 11,941	$ 15,563

Note 7 - Financial Instrument_3

Note 7 - Financial Instruments - Investments - Trading (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Investments-trading	$ 271,823	$ 223,865
Corporate Bonds and Redeemable Preferred Stock [Member]
Investments-trading	46,654	45,519
Foreign Government Bonds [Member]
Investments-trading	196	467
Municipal Bonds [Member]
Investments-trading	4,220	18,841
Certificates of Deposit [Member]
Investments-trading	0	169
Derivative [Member]
Investments-trading	35,481	1,275
Equity Securities [Member]
Investments-trading	155	1,118
Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member]
Debt securities	146,940	134,093
US Government Agencies Debt Securities [Member]
Debt securities	22,920	22,373
Residential Mortgage-Backed Securities [Member]
Debt securities	7	9
US Treasury Securities [Member]
Debt securities	15,249	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	Sep. 30, 2022	Dec. 31, 2021
Trading securities sold, not yet purchased	$ 152,079	$ 62,512
Other investments sold, not yet purchased	910	2,488
Equity Securities [Member]
Other investments sold, not yet purchased	57	2,488
Equity Derivatives [Member]
Other investments sold, not yet purchased	853	0
Corporate Bonds and Redeemable Preferred Stock [Member]
Trading securities sold, not yet purchased	43,910	32,574
Derivative [Member]
Trading securities sold, not yet purchased	33,859	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	$ 74,309	$ 29,513

Note 7 - Financial Instrument_5

Note 7 - Financial Instruments - Other Investments, at Fair Value (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Other Investments, Fair Value Disclosure	$ 37,726	$ 56,033
Restricted Equity Securities [Member]
Other Investments, Fair Value Disclosure	5,182	17,078
Corporate Bonds and Redeemable Preferred Stock [Member]
Other Investments, Fair Value Disclosure	476	476
CREO JV [Member]
Other Investments, Fair Value Disclosure	6,818	5,830
U.S. Insurance JV [Member]
Other Investments, Fair Value Disclosure	3,414	3,450
SPAC Fund [Member]
Other Investments, Fair Value Disclosure	513	1,980
Residential Mortgage [Member]
Other Investments, Fair Value Disclosure	137	115
Equity Securities [Member]
Other Investments, Fair Value Disclosure	$ 21,186	$ 27,104

Note 8 - Fair Value Disclosur_3

Note 8 - Fair Value Disclosures (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Other Investment Sold, Gain (Loss), Fair Value	$ (714)	$ (20,977)	$ (26,451)	$ 46,259
Other Investment Sold, Not yet Purchased, Gain (Loss)	$ (782)	$ 6	$ (525)	$ 782

Note 8 - Fair Value Disclosur_4

Note 8 - Fair Value Disclosures - Fair Value Measurements on a Recurring Basis (Details) - USD ($) $ in Thousands		Sep. 30, 2022	Dec. 31, 2021
Investments-trading		$ 271,823	$ 223,865
Total other investments, at fair value		37,726	56,033
Trading securities sold, not yet purchased		152,079	62,512
Other investments, sold not yet purchased		910	2,488
Corporate Bonds and Redeemable Preferred Stock [Member]
Investments-trading		46,654	45,519
Trading securities sold, not yet purchased		43,910	32,574
Foreign Government Bonds [Member]
Investments-trading		196	467
Municipal Bonds [Member]
Investments-trading		4,220	18,841
Derivative [Member]
Investments-trading		35,481	1,275
Trading securities sold, not yet purchased		33,859	424
Certificates of Deposit [Member]
Investments-trading		0	169
Equity Securities [Member]
Investments-trading		155	1,118
Total other investments, at fair value		21,186	27,104
Other investments, sold not yet purchased		57	2,488
Equity Derivatives [Member]
Other investments, sold not yet purchased		853	0
Fair Value, Recurring [Member]
Investments-trading		271,823	223,865
Total other investments, at fair value		37,726	56,033
Trading securities sold, not yet purchased		152,079	62,512
Other investments, sold not yet purchased		910	2,488
Fair Value, Recurring [Member] | Corporate Bonds and Redeemable Preferred Stock [Member]
Investments-trading		46,654	45,519
Total other investments, at fair value		476	476
Trading securities sold, not yet purchased		43,910	32,574
Fair Value, Recurring [Member] | Foreign Government Bonds [Member]
Investments-trading		196	467
Fair Value, Recurring [Member] | Municipal Bonds [Member]
Investments-trading		4,220	18,841
Fair Value, Recurring [Member] | Derivative [Member]
Investments-trading		35,481	1,275
Trading securities sold, not yet purchased		33,859	424
Fair Value, Recurring [Member] | Certificates of Deposit [Member]
Investments-trading			169
Fair Value, Recurring [Member] | Equity Securities [Member]
Investments-trading		155	1,118
Total other investments, at fair value		21,186	27,104
Other investments, sold not yet purchased		57	2,488
Fair Value, Recurring [Member] | Restricted Equity Securities [Member]
Total other investments, at fair value		5,182	17,078
Fair Value, Recurring [Member] | Equity Derivatives [Member]
Other investments, sold not yet purchased		853
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Investments-trading		15,404	0
Trading securities sold, not yet purchased		74,309	29,514
Other investments, sold not yet purchased		57	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		155	0
Total other investments, at fair value		21,186	27,104
Other investments, sold not yet purchased		57	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 1 [Member] | Equity Derivatives [Member]
Other investments, sold not yet purchased		0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Investments-trading		256,419	223,865
Trading securities sold, not yet purchased		77,770	32,998
Other investments, sold not yet purchased		853	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Corporate Bonds and Redeemable Preferred Stock [Member]
Investments-trading		46,654	45,519
Total other investments, at fair value		476	476
Trading securities sold, not yet purchased		43,910	32,574
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Foreign Government Bonds [Member]
Investments-trading		196	467
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Municipal Bonds [Member]
Investments-trading		4,220	18,841
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Derivative [Member]
Investments-trading		35,481	1,275
Trading securities sold, not yet purchased		33,859	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		0	1,118
Total other investments, at fair value		0	0
Other investments, 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		5,182	17,078
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Equity Derivatives [Member]
Other investments, sold not yet purchased		853
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
Other investments, 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, Inputs, Level 3 [Member] | Equity Derivatives [Member]
Other investments, sold not yet purchased		0
Fair Value, Recurring [Member] | Fair Value Measured at Net Asset Value Per Share [Member]
Total other investments, at fair value	[1]	10,745	11,260
Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Recurring [Member]
Investments-trading		146,940	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		146,940	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		22,920	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		22,920	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		74,309	29,513
US Treasury Securities [Member] | Fair Value, Recurring [Member]
Investments-trading		15,249	0
Trading securities sold, not yet purchased		74,309	29,513
US Treasury Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Investments-trading		15,249	0
Trading securities sold, not yet purchased		74,309	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		137	115
Residential Mortgage [Member] | Fair Value, Recurring [Member]
Total other investments, at fair value		137	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		137	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		26,981	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		21,186	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		5,795	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		9 Months Ended	12 Months Ended
		Sep. 30, 2022	Dec. 31, 2021
CREO JV [Member]
Alternative investment	[1]	$ 6,818	$ 5,830
Unfunded commitments	[1]	8,464	9,170
Alternative investment	[1]	6,818	5,830
U.S. Insurance JV [Member]
Alternative investment	[2]	3,414	3,450
Alternative investment	[2]	3,414	3,450
SPAC Fund [Member]
Alternative investment	[3]	513	1,980
Alternative investment	[3]	$ 513	$ 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	Sep. 30, 2022	Dec. 31, 2021
Derivative, Notional Amount	$ 6,000	$ 0
TBA and Other Forward MBS [Member] | Long [Member]
Derivative, Notional Amount	906,250	1,243,250
TBA and Other Forward MBS [Member] | Short [Member]
Derivative, Notional Amount	937,200	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	Sep. 30, 2022	Dec. 31, 2021
Derivative financial instruments, fair value, net	$ 769	$ 851
TBA and Other Forward MBS [Member] | Long [Member] | Investments -Trading [Member]
Derivative financial instruments, fair value, net	35,481	1,275
TBA and Other Forward MBS [Member] | Short [Member] | Trading Securities Sold, Not Yet Purchased [Member]
Derivative financial instruments, fair value, net	(33,859)	(424)
Other Extended Settlement Trade [Member] | Short [Member] | Other Investment [Member]
Derivative financial instruments, fair value, net	$ (853)	$ 0

Note 9 - Derivative Financial_5

Note 9 - Derivative Financial Instruments - Statement of Operations Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Derivative financial instruments	$ 1,832	$ 1,336	$ 7,430	$ 6,124
Other Extended Settlement Trade [Member] | Revenue Net Trading [Member]
Derivative financial instruments	0	(19)	0	1
TBA and Other Forward MBS [Member] | Revenue Net Trading [Member]
Derivative financial instruments	2,685	1,160	8,283	5,736
Equity Derivatives [Member] | Principal Transactions and Other Income [Member]
Derivative financial instruments	$ (853)	$ 195	$ (853)	$ 387

Note 10 - Collateralized Secu_3

Note 10 - Collateralized Securities Transactions (Details Textual) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Jun. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)	Apr. 25, 2018 USD ($)
Securities Purchased under Agreements to Resell, Total	$ 699,658		$ 699,658			$ 3,175,645
Fair Value of Securities Received as Collateral that Can be Resold or Repledged	$ 710,261		$ 710,261			$ 3,249,411
Number of Counterparties Related to Reverse Repurchase Agreements	12		12			14
Securities Sold under Agreements to Repurchase, Total	$ 749,673		$ 749,673			$ 3,171,415
Fair Value of Securities Received as Collateral that Have Been Resold or Repledged	742,134		742,134			$ 3,232,091
Revenues, Total	$ 23,465	$ 6,584	$ 31,937	$ 119,326
Gestational Repo Business [Member]
Number of Counterparties Related to Reverse Repurchase Agreements	12		12			14
Revenues, Total	$ 2,376	$ 9,463	$ 15,155	$ 28,485
First Guaranty Mortgage Corporation [Member]
Securities Purchased under Agreements to Resell, Total	48,357		48,357		$ 269,228
Gain (Loss) on Sale of Collateral	(4,832)		(4,832)
Reversal of Accrued Incentive Compensation	1,753		1,753
Net Impact to Earnings	3,079		3,079
First Guaranty Mortgage Corporation [Member] | Trading Revenue [Member]
Gain (Loss) on Sale of Collateral	(4,642)		(4,642)
First Guaranty Mortgage Corporation [Member] | Professional Fees and Other Operating Expenses [Member]
Gain (Loss) on Sale of Collateral	$ (190)		$ (190)
Fifth Third Financial Bank [Member]
Line of Credit Facility, Current Borrowing Capacity							$ 25,000

Note 10 - Collateralized Secu_4

Note 10 - Collateralized Securities Transactions - Secured Borrowings (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Securities sold under agreements to repurchase	$ 749,673	$ 3,171,415
Receivables under resale agreements	699,658	3,175,645
Overnight and Continuous [Member]
Securities sold under agreements to repurchase	0
Receivables under resale agreements	0
Maturity Less than 30 Days [Member]
Securities sold under agreements to repurchase	749,673	3,171,415
Receivables under resale agreements	699,658	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	749,673	3,171,415
Receivables under resale agreements	699,658	3,175,645
Collateralized Mortgage-Backed Securities [Member] | Overnight and Continuous [Member]
Securities sold under agreements to repurchase	0
Receivables under resale agreements	0
Collateralized Mortgage-Backed Securities [Member] | Maturity Less than 30 Days [Member]
Securities sold under agreements to repurchase	749,673	3,171,415
Receivables under resale agreements	699,658	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 ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Balance			$ 48,238,000	$ 13,482,000	$ 13,482,000
Investments / advances			697,000		8,392,000
Distributions / repayments			(75,000)		(4,207,000)
Reclasses to (from)			(20,864,000)		(5,439,000)
Earnings / (loss) realized	$ 618,000	$ 2,857,000	(14,530,000)	7,512,000	36,010,000
Balance	13,466,000		13,466,000		48,238,000
Total Assets	1,236,113,000		1,236,113,000		3,656,304,000
Liabilities	1,130,480,000		1,130,480,000		3,504,871,000
Total Equity	49,706,000		49,706,000		61,941,000
Total Liabilities & Equity	1,236,113,000		1,236,113,000		3,656,304,000
Net income (loss)	(919,000)	$ (3,429,000)	(10,388,000)	7,651,000	11,808,000
Equity Method Investment, Nonconsolidated Investee or Group of Investees [Member]
Total Assets	1,028,054		1,028,054		1,158,081
Liabilities	361,650		361,650		193,433
Total Equity	666,404		666,404		964,648
Total Liabilities & Equity	1,028,054		1,028,054		1,158,081
Net income (loss)			(38,511)	18,452
Net income/(loss) attributable to the investee			(38,517)	18,452
Insurance SPAC [Member]
Balance			4,543,000	9,807,000	9,807,000
Investments / advances			0		0
Distributions / repayments			0		(3,958,000)
Reclasses to (from)			0		0
Earnings / (loss) realized			(1,142,000)		(1,306,000)
Balance	3,401,000		3,401,000		4,543,000
Dutch Real Estate Entities [Member]
Balance			5,600,000	3,312,000	3,312,000
Investments / advances			0		2,425,000
Distributions / repayments			0		0
Reclasses to (from)			0		0
Earnings / (loss) realized			(495,000)		(137,000)
Balance	5,105,000		5,105,000		5,600,000
Other SPAC Sponsor Entities [Member]
Balance			38,095,000	$ 363,000	363,000
Investments / advances			697,000		5,967,000
Distributions / repayments			(75,000)		(249,000)
Reclasses to (from)			(20,864,000)		(5,439,000)
Earnings / (loss) realized			(12,893,000)		37,453,000
Balance	$ 4,960,000		$ 4,960,000		$ 38,095,000

Note 11 - Investments in Equi_4

Note 11 - Investments in Equity Method Affiliates - Other SPAC Sponsor Entities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021	Dec. 31, 2020
Equity Method Investments	$ 13,466	$ 48,238	$ 13,482
Other SPAC Sponsor Entities [Member]
Equity Method Investments	4,960	38,095
Parella Weinberg Partners [Member]
Equity Method Investments	75
PWP [Member] | Other SPAC Sponsor Entities [Member]
Equity Method Investments		1,128
Alpha Tau Medical [Member]
Equity Method Investments	696
ARCHR [Member] | Other SPAC Sponsor Entities [Member]
Equity Method Investments		728
Various Other Sponsor Entities [Member]
Equity Method Investments	$ 4,189
Various Other Sponsor Entities [Member] | Other SPAC Sponsor Entities [Member]
Equity Method Investments		5,828
WEJO [Member] | Other SPAC Sponsor Entities [Member]
Equity Method Investments		1,963
HLGN [Member] | Other SPAC Sponsor Entities [Member]
Equity Method Investments		$ 28,448

Note 12 - Leases (Details Textu

Note 12 - Leases (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Operating Lease, Weighted Average Remaining Lease Term (Year)	5 years 9 months 18 days		5 years 9 months 18 days
Operating Lease, Weighted Average Discount Rate, Percent	4.55%		4.55%
Operating Lease, Payments			$ 1,678	$ 1,040
Sublease Income	$ 26	$ 40	76	153
Operating Lease, Expense	$ 612	$ 435	$ 1,891	$ 1,189

Note 12 - Leases - Future Matur

Note 12 - Leases - Future Maturity of Lease Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
2022 - remaining	$ 589
2023	2,636
2024	2,108
2025	1,753
2026	1,497
Thereafter	3,729
Total	12,312
Less imputed interest	(1,573)
Lease obligation	$ 10,739	$ 10,813

Note 13 - Other Receivables, _3

Note 13 - Other Receivables, Other Assets, Accounts Payable and Other Liabilities - Other Receivables (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Asset management fees receivable	$ 2,543	$ 962
New issue fee receivable	6,000	0
Cash collateral due from counterparties	8,588	0
Accrued interest receivable and dividend receivable	2,552	1,394
Revenue share receivable	191	108
Miscellaneous other receivables	865	739
Other receivables	$ 20,739	$ 3,203

Note 13 - Other Receivables, _4

Note 13 - Other Receivables, Other Assets, Accounts Payable and Other Liabilities - Schedule of Other Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Deferred costs	$ 10	$ 240
Prepaid expenses	1,317	1,286
Deposits	449	479
Miscellaneous other assets	0	258
Intangible assets	166	166
Other assets	3,466	3,885
Furniture, Equipment, And Leasehold Improvements [Member]
Furniture, equipment, and leasehold improvements, net	$ 1,524	$ 1,456

Note 13 - Other Receivables, _5

Note 13 - Other Receivables, Other Assets, Accounts Payable and Other Liabilities - Accounts Payable and Other Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Dec. 31, 2020
Accounts payable	$ 684	$ 122
Redeemable financial instruments accrued interest	244	291
Accrued income tax	54	179
Accrued interest payable	377	558
Accrued interest on securities sold, not yet purchased	883	704
Payroll taxes payable	1,679	1,548
Counterparty cash collateral	22,788	17,320	$ 40,465	$ 41,119
Accrued expense and other liabilities	1,797	2,097
Accounts payable and other liabilities	$ 28,506	$ 22,819

Note 14 - Variable Interest E_3

Note 14 - Variable Interest Entities (Details Textual) $ in Thousands	9 Months Ended
	Sep. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
Liabilities, Total	$ 1,130,480	$ 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	Sep. 30, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash and cash equivalents	$ 47,287	$ 50,567
Other investments, at fair value	37,726	56,033
Investment in equity method affiliates	13,466	48,238	$ 13,482
Variable Interest Entity, Primary Beneficiary [Member]
Cash and cash equivalents	50	43
Other investments, at fair value	0	9,543
Investment in equity method affiliates	3,439	33,080
Non-controlling interest	(4,238)	(29,979)
Investment in consolidated VIEs	(749)	(12,687)
Investment in consolidated VIEs	$ 749	$ 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	Sep. 30, 2022	Dec. 31, 2021	Dec. 31, 2020
Other Investments, Fair Value Disclosure	$ 37,726	$ 56,033
Investments in equity method affiliates	13,466	48,238	$ 13,482
Variable Interest Entity, Not Primary Beneficiary [Member]
Other Investments, Fair Value Disclosure	10,745	11,260
Investments in equity method affiliates	8,361	5,015
Maximum exposure	$ 19,106	$ 16,275

Note 15 - Redeemable Financia_3

Note 15 - Redeemable Financial Instruments - Redeemable Financial Instruments (Details) - USD ($) $ in Thousands	Sep. 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

9 Months Ended

Mar. 20, 2022 $ / shares shares

Jan. 31, 2022 USD ($)

Dec. 21, 2021 USD ($)

Oct. 28, 2020 USD ($)

Sep. 30, 2021 USD ($)

Jun. 30, 2021 USD ($)

Sep. 30, 2022 USD ($) $ / shares shares

Sep. 30, 2021

Jun. 30, 2022

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

$ 6,403,000

$ 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

15.41%

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

$ 2,000

$ 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]

6.40%

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 par amount of $1,489. The Company pays interest (and at maturity, principal) to the trusts on the entire $49,614 junior notes outstanding. However, the Company receives back from the trusts the pro rata share of interest and principal on the common stock held by the Company. These trusts are VIEs and the Company does not consolidate them even though the Company holds the common stock. The Company carries the common stock on its balance sheet at a value of $0. The junior subordinated notes are recorded at a discount to par. When factoring in the discount, the yield to maturity of the junior subordinated notes as of September 30, 2022 on a combined basis was 15.41% 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		Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
Debt		$ 28,879		$ 43,394
Contingent Convertible Senior Notes [Member]
Less unamortized debt issuance costs		0		(67)
Debt		0		14,933
Junior Subordinated Notes [Member]
Debt	[1]	24,379		23,961
Less unamortized discount	[1]	(23,746)		(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]		6.78%
Sunset Financial Statutory Trust I [Member] | Junior Subordinated Notes [Member]
Long-term Debt, Gross	[1]	$ 20,000		$ 20,000
Interest Rate	[1],[2]		6.40%
[1]The junior subordinated notes listed represent debt the Company owes to the two trusts noted above. The total par amount owed by the Company to the trusts is $49,614. However, the Company owns the common stock of the trusts in a total par amount of $1,489. The Company pays interest (and at maturity, principal) to the trusts on the entire $49,614 junior notes outstanding. However, the Company receives back from the trusts the pro rata share of interest and principal on the common stock held by the Company. These trusts are VIEs and the Company does not consolidate them even though the Company holds the common stock. The Company carries the common stock on its balance sheet at a value of $0. The junior subordinated notes are recorded at a discount to par. When factoring in the discount, the yield to maturity of the junior subordinated notes as of September 30, 2022 on a combined basis was 15.41% 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 prior to maturity into units of membership interests of the Operating LLC at a conversion price of $1.45 per unit, subject to customary anti-dilution adjustments. Units of membership interests in the Operating LLC not held by Cohen & Company Inc. may, with certain restrictions, be redeemed and exchanged into shares of the Cohen & Company Inc. common stock, par value $0.01 per share (“Common Stock”) on a ten-for-one basis. Therefore, the 2017 Convertible Note can be converted into Operating LLC units of membership interests and then redeemed and exchanged into Common Stock at an effective conversion price of $14.50. See note 20 to the Annual Report on Form 10-K for the year ended December 31, 2021. Effective March 20, 2022, the 2017 Note was converted into 10,344,827 units.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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Interest expense, net	$ 1,346	$ 1,731	$ 3,803	$ 5,527
Interest expense (income), net	(1,346)	(1,731)	(3,803)	(5,527)
Junior Subordinated Notes [Member]
Interest expense, net	921	652	2,334	1,951
Senior Note 2020 [Member]
Interest expense, net	113	136	344	404
Convertible Note 2017 [Member]
Interest expense, net	0	388	327	1,144
Convertible 2013 Notes/ 2019 Senior Notes [Member]
Interest expense, net	0	67	0	210
Byline Bank Credit Facility [Member]
Interest expense, net	67	67	201	198
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	$ 245	$ 421	$ 597	$ 1,423

Note 17 - Equity (Details Textu

Note 17 - Equity (Details Textual) $ / shares in Units, $ in Thousands		3 Months Ended						9 Months Ended
	Dec. 23, 2019 $ / shares shares	Sep. 30, 2022 USD ($) $ / shares shares	Jun. 30, 2022 USD ($)	Mar. 31, 2022 USD ($)	Sep. 30, 2021 USD ($) $ / shares shares	Jun. 30, 2021 USD ($)	Mar. 31, 2021 USD ($)	Sep. 30, 2022 USD ($) $ / shares shares	Sep. 30, 2021 USD ($) $ / shares shares	Dec. 31, 2021 $ / 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) | shares		27,413,098						27,413,098		27,413,098
Preferred Stock, Shares Authorized (in shares) | 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
Preferred Stock, Shares Issued, Total (in shares) | shares		27,413,098						27,413,098		27,413,098
Minority Interest, Increase (Decrease) Related to Units of Consolidated Subsidiary		$ 0
Stock Issued During Period, Value, New Issues					$ 6,403	$ 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) | shares					198,700			0	300,859
Aggregate Offering Price											$ 7,966
Percentage of Gross Offering Proceeds of Shares Sold											2.50%
Stock Issued During Period, Value, New Issues					$ 6,403				$ 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) | shares					10,490				49,544
Treasury Stock, Value, Acquired, Par Value Method					$ 187				$ 857
Additional Paid-in Capital [Member]
Minority Interest, Increase (Decrease) Related to Units of Consolidated Subsidiary		0	$ (89)	$ (292)	(4,398)	1,449	$ 926	$ (381)	(2,023)
Stock Issued During Period, Value, New Issues					6,401	2,672
AOCI Attributable to Parent [Member]
Minority Interest, Increase (Decrease) Related to Units of Consolidated Subsidiary		0	1	4	5	(18)	4	5	(9)
Noncontrolling Interest [Member]
Minority Interest, Increase (Decrease) Related to Units of Consolidated Subsidiary		$ 0	$ 88	$ 288	$ 4,393	$ (1,431)	$ (930)	$ 376	$ 2,032
Series E Preferred Stock [Member]
Ratio of Shares To Vote								10
Preferred Stock, Shares Outstanding, Ending Balance (in shares) | shares		4,983,557						4,983,557
Series F Preferred Stock [Member]
Ratio of Shares To Vote	10
Preferred Stock, Shares Authorized (in shares) | 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) | shares					22,429,541				22,429,541
Series F Preferred Stock [Member] | Mr. Cohen [Member]
Stock Issued During Period, Shares, New Issues (in shares) | shares	12,549,273
Series F Preferred Stock [Member] | DGC Trust [Member]
Stock Issued During Period, Shares, New Issues (in shares) | shares	9,880,268
Common Stock [Member]
Common Stock, Dividends, Per Share, Declared (in dollars per share) | $ / shares		$ 0.25			$ 0.25			$ 1.50	$ 0.25

Note 17 - Equity - Shares Outst

Note 17 - Equity - Shares Outstanding of Stockholders' Equity of the Company (Details) - Cohen & Company [Member] - Common Stock [Member]	9 Months Ended
	Sep. 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)
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]	9 Months Ended
	Sep. 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		9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Net income / (loss) attributable to Cohen & Company Inc.	$ (919)	$ (3,429)	$ (10,388)	$ 7,651	$ 11,808
Increase / (decrease) in Cohen & Company Inc. paid in capital for the acquisition / (surrender) of additional units in consolidated subsidiary, net			(381)	(2,023)
Changes from net income / (loss) attributable to Cohen & Company Inc. and transfers (to) from the non-controlling interest			$ (10,769)	$ 5,628

Note 17 - Equity - Rollforward

Note 17 - Equity - Rollforward of Non-controlling Interests (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2022	Mar. 20, 2022
Balance			$ 89,492				$ 89,492
Non-controlling interest share of (loss)							(36,671)
Other comprehensive (loss)							(287)
Acquisition / (surrender) of additional units of consolidated subsidiary							376
Equity-based compensation							2,354
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.							(5,535)
Distributions to non-convertible non-controlling interest of Operating LLC	(353)	$ (2,640)	(5,660)	$ (4,215)	$ (30,769)	$ (25,885)	(8,653)
Balance	55,927						55,927
Operating LLC [Member]
Balance			57,628				57,628
Non-controlling interest share of (loss)							(17,691)
Other comprehensive (loss)							(287)
Acquisition / (surrender) of additional units of consolidated subsidiary							376
Equity-based compensation							2,354
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.							(5,535)
Distributions to non-convertible non-controlling interest of Operating LLC							0
Balance	51,687						51,687
Insurance SPAC III Sponsor Entities [Member]
Balance			4,808				4,808
Non-controlling interest share of (loss)							(598)
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	4,210						4,210
Other Consolidated Subsidiaries [Member]
Balance			$ 27,056				27,056
Non-controlling interest share of (loss)							(18,382)
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							(8,653)
Balance	$ 30						$ 30

Note 18 - Income Taxes (Details

Note 18 - Income Taxes (Details Textual) - Operating LLC [Member]	Sep. 30, 2022
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners	27.93%
Remaining Non-Controlling Members [Member]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners	72.07%

Note 19 - Net Capital Require_2

Note 19 - Net Capital Requirements (Details Textual) $ in Thousands	Sep. 30, 2022 USD ($)
JVB [Member]
Broker-Dealer, Minimum Net Capital Required, Aggregate Indebtedness Standard, Total	$ 250
Broker-Dealer, Net Capital	48,376
Broker-Dealer, Excess Net Capital, 1500 Percent, Aggregate Indebtedness Standard, Total	48,126
CCFESA [Member]
Broker-Dealer, Minimum Net Capital Required, Aggregate Indebtedness Standard, Total	470
Broker-Dealer, Net Capital	915
Broker-Dealer, Excess Net Capital, 1500 Percent, Aggregate Indebtedness Standard, Total	$ 445

Note 20 - Earnings (Loss) Per_3

Note 20 - Earnings (Loss) Per Common Share (Details Textual)	9 Months Ended
	Sep. 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		9 Months Ended		12 Months Ended
		Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Net income (loss) attributable to Cohen & Company Inc.		$ (919)	$ (3,429)	$ (10,388)	$ 7,651	$ 11,808
Net Income attributable to non-controlling interests						$ 62,230
Add: Interest expense incurred on dilutive convertible notes		0	0	0	882
Add / (deduct): Adjustment (2)	[1]	0	237	0	(1,179)
Net income / (loss) on a fully converted basis		$ (919)	$ (14,413)	$ (10,388)	$ 27,655
Weighted average shares outstanding-basic (in shares)		1,428,883	1,314,554	1,417,358	1,140,149
Unrestricted Operating LLC membership units exchangeable into shares (in shares)	[2]	0	2,855,767	0	2,849,889
Restricted units or shares (in shares)		0	0	0	187,726
Shares issuable upon conversion of dilutive convertible notes (in shares)		0	0	0	1,034,483
Weighted average common shares outstanding - Diluted (3) (in shares)	[3]	1,428,883	4,170,321	1,417,358	5,212,247
Basic Earnings Per Share (in dollars per share)		$ (0.64)	$ (2.61)	$ (7.33)	$ 6.71	$ 9.95
Diluted Earnings Per Share (in dollars per share)		$ (0.64)	$ (3.46)	$ (7.33)	$ 5.31	$ 7.83
Convertible Non-controlling Interest of Cohen & Co. [Member]
Net Income attributable to non-controlling interests		$ 0	$ (11,221)	$ 0	$ 20,301
[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 September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Unrestricted Operating LLC membership units exchangeable into Cohen & Company Inc. shares 3,965,405 - 3,658,204 - 2017 Convertible Note Units - 1,034,483 298,851 - Restricted Common Stock 6,211 102,038 10,334 - Restricted Operating LLC units 1,963 77,540 4,087 - 3,973,579 1,214,061 3,971,476 -

Note 20 - Earnings (Loss) Per_5

Note 20 - Earnings (Loss) Per Common Share - Schedule of Anti-Dilutive Securities (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Unrestricted Operating LLC membership units exchangeable into Cohen & Company Inc. shares (in shares)	3,973,579	1,214,061	3,971,476	0
Unrestricted Operating LLC Units Exchangeable Into Cohen Shares [Member]
Unrestricted Operating LLC membership units exchangeable into Cohen & Company Inc. shares (in shares)	3,965,405	0	3,658,204	0
Contingent Convertible Senior Notes 8.00% (2017 Convertible Note) [Member]
Unrestricted Operating LLC membership units exchangeable into Cohen & Company Inc. shares (in shares)	0	1,034,483	298,851	0
Restricted Stock [Member]
Unrestricted Operating LLC membership units exchangeable into Cohen & Company Inc. shares (in shares)	6,211	102,038	10,334	0
Restricted Operating LLC Units [Member]
Unrestricted Operating LLC membership units exchangeable into Cohen & Company Inc. shares (in shares)	1,963	77,540	4,087	0

Note 22 - Segment and Geograp_3

Note 22 - Segment and Geographic Information (Details Textual)	9 Months Ended
	Sep. 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							9 Months Ended		12 Months Ended
		Sep. 30, 2022		Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Net trading		$ 7,966				$ 16,599			$ 30,365	$ 54,181
Principal transactions and other income		(1,192)				(20,709)			(26,157)	47,831
Revenues, Total		23,465				6,584			31,937	119,326
Compensation		15,227				20,577			41,320	61,414
Other Operating Expense		5,390				5,125			15,809	15,658
Total operating expenses		20,617				25,702			57,129	77,072
Operating income (loss)		2,848				(19,118)			(25,192)	42,254
Interest income (expense)		(1,346)				(1,731)			(3,803)	(5,527)
Earnings / (loss) realized		618				2,857			(14,530)	7,512	$ 36,010
Income (loss) before income taxes		2,120				(17,992)			(43,525)	46,366
Income tax expense (benefit)		1,761				(248)			3,534	577	(3,541)
Net income (loss)		359		$ (12,252)	$ (35,166)	(17,744)	$ (3,195)	$ 66,728	(47,059)	45,789	74,038
Net Income attributable to non-controlling interests											62,230
Net income (loss) attributable to Cohen & Company Inc.		(919)				(3,429)			(10,388)	7,651	$ 11,808
Depreciation and amortization (included in total operating expense)		139				90			414	258
Other non-operating income		0				0			0	2,127
Non-controlling Interest of Operating LLC [Member]
Net Income attributable to non-controlling interests		(109)				(3,094)			(18,980)	17,837
Cohen Co Including Noncontrolling Interest [Member]
Net income (loss)		468				(14,650)			(28,079)	27,952
Non-controlling Interest of Cohen & Co. [Member]
Net Income attributable to non-controlling interests		1,387				(11,221)			(17,691)	20,301
Asset Management [Member]
Revenues, total		3,456				1,856			7,243	5,787
New Issue and Advisory [Member]
Revenues, total		13,235				8,838			20,486	11,527
Operating Segments [Member]
Net trading		7,966				16,599			30,365	54,181
Principal transactions and other income		(1,192)				(20,709)			(26,157)	47,831
Revenues, Total		23,465				6,584			31,937	119,326
Compensation		11,701				12,895			32,651	48,092
Other Operating Expense		4,269				3,948			12,247	11,712
Total operating expenses		15,970				16,843			44,898	59,804
Operating income (loss)		7,495				(10,259)			(12,961)	59,522
Interest income (expense)		(67)				(67)			(201)	(198)
Earnings / (loss) realized		618				2,857			(14,530)	7,512
Income (loss) before income taxes		8,046				(7,469)			(27,692)	66,836
Income tax expense (benefit)		0				0			0	0
Net income (loss)		8,046				(7,469)			(27,692)	66,836
Net income (loss) attributable to Cohen & Company Inc.		8,155				(4,375)			(8,712)	48,999
Depreciation and amortization (included in total operating expense)		1				1			3	3
Other non-operating income		0				0				0
Operating Segments [Member] | Non-controlling Interest of Operating LLC [Member]
Net Income attributable to non-controlling interests		(109)				(3,094)			(18,980)	17,837
Operating Segments [Member] | Cohen Co Including Noncontrolling Interest [Member]
Net income (loss)		8,155				(4,375)			(8,712)	48,999
Operating Segments [Member] | Non-controlling Interest of Cohen & Co. [Member]
Net Income attributable to non-controlling interests		0				0			0	0
Operating Segments [Member] | Asset Management [Member]
Revenues, total		3,456				1,856			7,243	5,787
Operating Segments [Member] | New Issue and Advisory [Member]
Revenues, total		13,235				8,838			20,486	11,527
Operating Segments [Member] | Capital Markets [Member]
Net trading		7,966				16,599			30,365	54,181
Principal transactions and other income		0				(3)			1	(4)
Revenues, Total		21,201				25,434			50,852	65,704
Compensation		10,102				11,200			27,790	30,476
Other Operating Expense		3,571				3,362			10,247	10,093
Total operating expenses		13,673				14,562			38,037	40,569
Operating income (loss)		7,528				10,872			12,815	25,135
Interest income (expense)		(67)				(67)			(201)	(198)
Earnings / (loss) realized		0				0			0	0
Income (loss) before income taxes		7,461				10,805			12,614	24,937
Income tax expense (benefit)		0				0			0	0
Net income (loss)		7,461				10,805			12,614	24,937
Net income (loss) attributable to Cohen & Company Inc.		7,461				10,805			12,614	24,937
Depreciation and amortization (included in total operating expense)		0				0			0	1
Other non-operating income		0				0				0
Operating Segments [Member] | Capital Markets [Member] | Non-controlling Interest of Operating LLC [Member]
Net Income attributable to non-controlling interests		0				0			0	0
Operating Segments [Member] | Capital Markets [Member] | Cohen Co Including Noncontrolling Interest [Member]
Net income (loss)		7,461				10,805			12,614	24,937
Operating Segments [Member] | Capital Markets [Member] | Non-controlling Interest of Cohen & Co. [Member]
Net Income attributable to non-controlling interests		0				0			0	0
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		13,235				8,838			20,486	11,527
Operating Segments [Member] | Asset Management Segment [Member]
Net trading		0				0			0	0
Principal transactions and other income		191				251			534	525
Revenues, Total		3,647				2,107			7,777	6,312
Compensation		1,361				1,540			4,213	4,201
Other Operating Expense		524				456			1,478	1,445
Total operating expenses		1,885				1,996			5,691	5,646
Operating income (loss)		1,762				111			2,086	666
Interest income (expense)		0				0			0	0
Earnings / (loss) realized		0				0			0	0
Income (loss) before income taxes		1,762				111			2,086	666
Income tax expense (benefit)		0				0			0	0
Net income (loss)		1,762				111			2,086	666
Net income (loss) attributable to Cohen & Company Inc.		1,762				111			2,086	671
Depreciation and amortization (included in total operating expense)		1				1			3	2
Other non-operating income		0				0				0
Operating Segments [Member] | Asset Management Segment [Member] | Non-controlling Interest of Operating LLC [Member]
Net Income attributable to non-controlling interests		0				0			0	(5)
Operating Segments [Member] | Asset Management Segment [Member] | Cohen Co Including Noncontrolling Interest [Member]
Net income (loss)		1,762				111			2,086	671
Operating Segments [Member] | Asset Management Segment [Member] | Non-controlling Interest of Cohen & Co. [Member]
Net Income attributable to non-controlling interests		0				0			0	0
Operating Segments [Member] | Asset Management Segment [Member] | Asset Management [Member]
Revenues, total		3,456				1,856			7,243	5,787
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		(1,383)				(20,957)			(26,692)	47,310
Revenues, Total		(1,383)				(20,957)			(26,692)	47,310
Compensation		238				155			648	13,415
Other Operating Expense		174				130			522	174
Total operating expenses		412				285			1,170	13,589
Operating income (loss)		(1,795)				(21,242)			(27,862)	33,721
Interest income (expense)		0				0			0	0
Earnings / (loss) realized		618				2,857			(14,530)	7,512
Income (loss) before income taxes		(1,177)				(18,385)			(42,392)	41,233
Income tax expense (benefit)		0				0			0	0
Net income (loss)		(1,177)				(18,385)			(42,392)	41,233
Net income (loss) attributable to Cohen & Company Inc.		(1,068)				(15,291)			(23,412)	23,391
Depreciation and amortization (included in total operating expense)		0				0			0	0
Other non-operating income		0				0				0
Operating Segments [Member] | Principal Investing [Member] | Non-controlling Interest of Operating LLC [Member]
Net Income attributable to non-controlling interests		(109)				(3,094)			(18,980)	17,842
Operating Segments [Member] | Principal Investing [Member] | Cohen Co Including Noncontrolling Interest [Member]
Net income (loss)		(1,068)				(15,291)			(23,412)	23,391
Operating Segments [Member] | Principal Investing [Member] | Non-controlling Interest of Cohen & Co. [Member]
Net Income attributable to non-controlling interests		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		3,526				7,682			8,669	13,322
Other Operating Expense	[1]	1,121				1,177			3,562	3,946
Total operating expenses	[1]	4,647				8,859			12,231	17,268
Operating income (loss)	[1]	(4,647)				(8,859)			(12,231)	(17,268)
Interest income (expense)	[1]	(1,279)				(1,664)			(3,602)	(5,329)
Earnings / (loss) realized	[1]	0				0			0	0
Income (loss) before income taxes	[1]	(5,926)				(10,523)			(15,833)	(20,470)
Income tax expense (benefit)	[1]	1,761				(248)			3,534	577
Net income (loss)	[1]	(7,687)				(10,275)			(19,367)	(21,047)
Net income (loss) attributable to Cohen & Company Inc.	[1]	(9,074)				946			(1,676)	(41,348)
Depreciation and amortization (included in total operating expense)	[1]	138				89			411	255
Other non-operating income		0	[1]			0				2,127
Segment Reconciling Items [Member] | Non-controlling Interest of Operating LLC [Member]
Net Income attributable to non-controlling interests						0			0	0
Segment Reconciling Items [Member] | Cohen Co Including Noncontrolling Interest [Member]
Net income (loss)		(7,687)				(10,275)			(19,367)	(21,047)
Segment Reconciling Items [Member] | Non-controlling Interest of Cohen & Co. [Member]
Net Income attributable to non-controlling interests		1,387				(11,221)			(17,691)	20,301
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		Sep. 30, 2022	Dec. 31, 2021	Dec. 31, 2020
Total Assets		$ 1,236,113	$ 3,656,304
Investment in equity method affiliates		13,466	48,238	$ 13,482
Goodwill	[1]	109	109
Intangible assets	[1]	166	166
Operating Segments [Member]
Total Assets		1,196,661	3,611,715
Investment in equity method affiliates		13,466	48,238
Goodwill	[1]	109	109
Intangible assets	[1]	166	166
Segment Reconciling Items [Member]
Total Assets	[2]	39,452	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		1,139,850	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		5,518	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		51,293	104,491
Investment in equity method affiliates		13,466	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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenues	$ 23,465	$ 6,584	$ 31,937	$ 119,326
UNITED STATES
Revenues	22,550	4,809	29,299	114,984
United Kingdom & Other [Member]
Revenues	$ 915	$ 1,775	$ 2,638	$ 4,342

Note 23 - Supplemental Cash F_3

Note 23 - Supplemental Cash Flow Disclosure (Details Textual) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2022	Sep. 30, 2021
Interest Paid, Excluding Capitalized Interest, Operating Activities							$ 3,482	$ 4,768
Income Taxes Paid							316	166
Proceeds from Income Tax Refunds							0	96
Minority Interest, Increase (Decrease) Related to Units of Consolidated Subsidiary	$ 0
Decrease in Convertible Debt							(15,000)
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	353	$ 2,640	$ 5,660	$ 4,215	$ 30,769	$ 25,885	8,653
In-kind Distribution from Equity Method Affiliate [Member]
Increase (Decrease) in Equity Method Affiliates							(20,864)	(1,352)
Increase (Decrease) in Other Investments							20,864	1,352
Distribution Relating to the SPAC Merger [Member]
Increase (Decrease) in Other Investments							(6,417)	(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)
In-kind Distributions from Other Consolidated Subsidiaries [Member]
Increase (Decrease) in Other Investments								(2,415)
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders								2,415
Additional Paid-in Capital [Member]
Minority Interest, Increase (Decrease) Related to Units of Consolidated Subsidiary	0	(89)	(292)	(4,398)	1,449	926	(381)	(2,023)
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	0
AOCI Attributable to Parent [Member]
Minority Interest, Increase (Decrease) Related to Units of Consolidated Subsidiary	0	1	4	5	(18)	4	5	(9)
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	0
Noncontrolling Interest [Member]
Minority Interest, Increase (Decrease) Related to Units of Consolidated Subsidiary	0	88	288	4,393	(1,431)	(930)	376	$ 2,032
Increase in Convertible Non-controlling Interest							$ 15,000
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	$ 353	$ 2,640	$ 5,660	$ 4,215	$ 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	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Collateral deposit	$ 22,788	$ 40,465
Collateral deposit	17,320	41,119
Impact to cash flow from operations	$ 5,468	$ (654)

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			9 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	Sep. 30, 2022	Sep. 30, 2021	Jun. 30, 2021	Sep. 30, 2022	Sep. 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																					$ 6,403	$ 2,673
Investment, Non-convertible Controlling Interest	$ 15,000																			$ 15,000			$ 15,000
Due from Related Parties, Total																				1,764			1,764			$ 4,581
Equity Method Investments																				13,466			13,466		$ 13,482	48,238
Defined Benefit Plan, Plan Assets, Contributions by Employer																				94	58		$ 298	$ 225
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																				2.80%			2.80%
Operating LLC [Member] | CREO JV [Member]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners																				7.50%			7.50%
FlipOs [Member]
Other Investments, Total																				$ 691			$ 691
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																				0.57%			0.57%
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																				5.80%			5.80%
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																				$ 0	$ 24		$ 48	$ 72

Note 24 - Related Party Trans_4

Note 24 - Related Party Transactions - Routine Transactions Recognized in the Statements of Operations (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Asset management	$ 493	$ 460	$ 1,571	$ 1,481
Principal transactions and other income	342	1,862	4,662	2,836
Income (loss) from equity method affiliates	618	2,857	(14,530)	7,512	$ 36,010
Operating expense (income)	201	99	453	616
Interest expense (income)	357	945	1,244	3,176
SPAC Fund [Member]
Asset management	220	305	763	812
Principal transactions and other income	6	(39)	(57)	429
Other SPAC Sponsor Entities [Member]
Asset management	0	0	0	319
Principal transactions and other income	35	20	95	107
U.S. Insurance JV [Member]
Asset management	273	155	808	350
Principal transactions and other income	76	16	(34)	275
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	180	180
Income (loss) from equity method affiliates	(187)	(296)	(1,142)	(986)
FlipOs [Member]
Principal transactions and other income	0	1,805	4,196	1,805
CREO JV [Member]
Principal transactions and other income	165	0	282	0
Dutch Real Estate Entities [Member]
Income (loss) from equity method affiliates	(230)	(96)	(495)	(179)
Other SPAC Entities [Member]
Income (loss) from equity method affiliates	1,035	3,249	(12,893)	8,784
Duane Morris [Member]
Operating expense (income)	202	117	497	655
Fintech Masala, LLC [Member]
Operating expense (income)	(1)	(18)	(44)	(39)
CBF [Member]
Interest expense (income)	0	0	0	197
DGC Trust [Member]
Interest expense (income)	0	388	326	1,144
EBC [Member]
Interest expense (income)	0	68	0	210
JKD Investor [Member]
Interest expense (income)	$ 357	$ 489	$ 918	$ 1,625

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	Sep. 30, 2022	Dec. 31, 2021
Due from Related Parties, Total	$ 1,764	$ 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	227	147
Insurance SPAC III [Member]
Due from Related Parties, Total	960	500
SPAC Funds [Member]
Due from Related Parties, Total	325	3,653
Employees & Other [Member]
Due from Related Parties, Total	$ 252	$ 144