Cohen & Company (COHN) 10-Q 7 Aug 23 2023 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2023	Aug. 01, 2023
Document Information [Line Items]
Entity Central Index Key	0001270436
Entity Registrant Name	Cohen & Co Inc.
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2023
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
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
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	COHN
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding		1,821,347
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

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands		Jun. 30, 2023	Dec. 31, 2022
Assets
Cash and cash equivalents		$ 12,166	$ 29,101
Receivables from brokers, dealers, and clearing agencies		108,020	140,933
Other receivables		5,734	9,527
Investments-trading		192,805	211,828
Other Investments, Fair Value Disclosure		56,868	28,022
Receivables under resale agreements		457,528	437,692
Investments in equity method affiliates		8,782	8,929
Deferred income taxes		331	6,934
Goodwill	[1]	109	109
Right-of-use asset - operating leases		8,612	9,647
Other assets		4,452	3,546
Total assets		856,126	887,055
Liabilities
Payables to brokers, dealers, and clearing agencies		127,627	134,985
Accounts payable and other liabilities		8,513	11,439
Accrued compensation		8,044	12,434
Lease liability - operating leases		9,365	10,447
Trading securities sold, not yet purchased		98,117	133,957
Other investments sold, not yet purchased, at fair value		28,606	78
Securities sold under agreements to repurchase		457,351	452,797
Redeemable financial instruments		7,868	7,868
Debt		29,324	29,024
Total liabilities		774,815	793,029
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		27	27
Common Stock, $0.01 par value per share, 100,000,000 shares authorized, 1,821,347 and 1,774,342 shares issued and outstanding, respectively, including 299,491 and 341,059 unvested or restricted share awards, respectively		18	17
Additional paid-in capital		73,967	72,801
Accumulated other comprehensive loss		(955)	(955)
Accumulated deficit		(35,373)	(25,151)
Total stockholders' equity		37,684	46,739
Non-controlling interest		43,627	47,287
Total equity		81,311	94,026
Total liabilities and equity		856,126	887,055
Due From Related Parties [Member]
Assets
Other receivables		$ 719	$ 787
[1]Goodwill and intangible assets are allocated to the Capital Markets and Asset Management business segments as indicated in the table above.

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Jun. 30, 2023	Dec. 31, 2022
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)	1,821,347	1,774,342
Common stock, shares outstanding (in shares)	1,821,347	1,774,342
Common stock, unvested or restricted share awards (in shares)	299,491	341,059

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Net trading		$ 7,416	$ 10,377	$ 15,626	$ 22,399
Principal transactions and other income (loss)		12,156	(6,602)	9,845	(24,965)
Total revenues		22,572	9,154	31,396	8,472
Operating expenses
Compensation		10,001	12,214	20,538	26,093
Business development, occupancy, equipment		1,318	1,295	2,619	2,543
Subscriptions, clearing, and execution		2,343	1,972	4,468	3,913
Professional fee and other operating		1,762	1,692	3,962	3,688
Depreciation and amortization		149	143	293	275
Total operating expenses		15,573	17,316	31,880	36,512
Operating income (loss)		6,999	(8,162)	(484)	(28,040)
Non-operating income (expense)
Interest expense, net		(1,630)	(1,106)	(3,222)	(2,457)
Income (loss) from equity method affiliates		(511)	(3,044)	(906)	(15,148)
Income (loss) before income tax expense (benefit)		4,858	(12,312)	(4,612)	(45,645)
Income tax expense (benefit)		5,550	(60)	6,134	1,773
Net income (loss)		(692)	(12,252)	(10,746)	(47,418)
Net income (loss)		(692)	(12,252)	(10,746)	(47,418)
Net income / (loss) attributable to Cohen & Company Inc.		$ (6,601)	$ (1,857)	$ (9,238)	$ (9,469)
Income (loss) per common share-basic:
Basic income (loss) per common share (in dollars per share)		$ (4.34)	$ (1.30)	$ (6.14)	$ (6.71)
Weighted average shares outstanding-basic (in shares)		1,520,122	1,428,237	1,504,819	1,411,596
Income (loss) per common share-diluted:
Diluted income (loss) per common share (in dollars per share)		$ (4.34)	$ (1.53)	$ (6.14)	$ (6.71)
Weighted average shares outstanding-diluted (in shares)	[1]	1,520,122	5,393,642	1,504,819	1,411,596
Comprehensive income (loss)
Net income (loss)		$ (692)	$ (12,252)	$ (10,746)	$ (47,418)
Other comprehensive income (loss) item:
Foreign currency translation adjustments, net of tax of $0		10	(199)	55	(265)
Other comprehensive income (loss), net of tax of $0		10	(199)	55	(265)
Comprehensive income (loss)		(682)	(12,451)	(10,691)	(47,683)
Less: comprehensive income (loss) attributable to the non-controlling interest		5,916	(10,541)	(1,466)	(38,142)
Comprehensive income (loss) attributable to Cohen & Company Inc.		(6,598)	(1,910)	(9,225)	(9,541)
Non-controlling Interest of Operating LLC [Member]
Non-operating income (expense)
Less: Net income (loss) attributable to the non-convertible non-controlling interest of the Operating LLC		6,503	(4,167)	6,600	(18,871)
Cohen Co Including Noncontrolling Interest [Member]
Non-operating income (expense)
Net income (loss)		(7,195)	(8,085)	(17,346)	(28,547)
Less: Net income (loss) attributable to the non-convertible non-controlling interest of the Operating LLC		(594)	(6,228)	(8,108)	(19,078)
Net income (loss)		(7,195)	(8,085)	(17,346)	(28,547)
Comprehensive income (loss)
Net income (loss)		(7,195)	(8,085)	(17,346)	(28,547)
Asset Management [Member]
Revenues, total		1,605	1,898	3,630	3,787
New Issue and Advisory [Member]
Revenues, total		$ 1,395	$ 3,481	$ 2,295	$ 7,251
[1]Potentially dilutive securities that were not included in the diluted per share calculations because they would be anti-dilutive were as follows:

Consolidated Statements of Op_2

Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
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, 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 income	0	0	0	0	(19)	(19)	(47)	(66)
Acquisition / (surrender) of additional units of consolidated subsidiary, net			(292)		4	(288)	288
Equity-based compensation							766
Shares withheld for employee taxes			(72)			(72)	(145)	(217)
Dividends/distributions to convertible non-controlling interest				(1,481)		(1,481)		(4,956)
Dividends/distributions to convertible non-controlling interest							(3,475)
Non-convertible non-controlling interest investment							6	6
Non-convertible non-controlling interest distributions							(5,660)	(5,660)
Equity-based compensation and vesting of shares	0	0	338	0	0	338		1,104
Convertible non-controlling interest investment							15,000	15,000
Balance at Mar. 31, 2022	27	17	71,980	(18,297)	(920)	52,807	68,671	121,478
Balance at Dec. 31, 2021	27	17	72,006	(9,204)	(905)	61,941	89,492	151,433
Net income (loss)								(47,418)
Other comprehensive income								(265)
Acquisition / (surrender) of additional units of consolidated subsidiary, net			(381)		5		376
Balance at Jun. 30, 2022	27	17	72,174	(20,516)	(972)	50,730	55,303	106,033
Balance at Mar. 31, 2022	27	17	71,980	(18,297)	(920)	52,807	68,671	121,478
Net income (loss)				(1,857)		(1,857)	(10,395)	(12,252)
Other comprehensive income					(53)	(53)	(146)	(199)
Acquisition / (surrender) of additional units of consolidated subsidiary, net			(89)		1	(88)	88
Equity-based compensation							795
Shares withheld for employee taxes			(4)			(4)	(13)	(17)
Dividends/distributions to convertible non-controlling interest				(362)		(362)		(1,422)
Dividends/distributions to convertible non-controlling interest							(1,060)
Non-convertible non-controlling interest investment							3	3
Non-convertible non-controlling interest distributions							(2,640)	(2,640)
Equity-based compensation and vesting of shares			287			287		1,082
Balance at Jun. 30, 2022	27	17	72,174	(20,516)	(972)	50,730	55,303	106,033
Balance at Dec. 31, 2022	27	17	72,801	(25,151)	(955)	46,739	47,287	94,026
Net income (loss)				(2,637)		(2,637)	(7,417)	(10,054)
Other comprehensive income					10	10	35	45
Acquisition / (surrender) of additional units of consolidated subsidiary, net			582		(12)	570	(570)
Equity-based compensation		1	299			300		1,089
Equity-based compensation							789
Shares withheld for employee taxes			(46)			(46)	(118)	(164)
Dividends/distributions to convertible non-controlling interest				(594)		(594)		(1,781)
Dividends/distributions to convertible non-controlling interest							(1,187)
Redemption of convertible non-controlling interest units							(834)	(834)
Non-convertible non-controlling interest investment							38	38
Non-convertible non-controlling interest distributions							0	0
Balance at Mar. 31, 2023	27	18	73,636	(28,382)	(957)	44,342	38,023	82,365
Balance at Dec. 31, 2022	27	17	72,801	(25,151)	(955)	46,739	47,287	94,026
Net income (loss)								(10,746)
Other comprehensive income								55
Acquisition / (surrender) of additional units of consolidated subsidiary, net			612		(13)		(599)
Redemption of convertible non-controlling interest units								(834)
Balance at Jun. 30, 2023	27	18	73,967	(35,373)	(955)	37,684	43,627	81,311
Balance at Mar. 31, 2023	27	18	73,636	(28,382)	(957)	44,342	38,023	82,365
Net income (loss)				(6,601)		(6,601)	5,909	(692)
Other comprehensive income					3	3	7	10
Acquisition / (surrender) of additional units of consolidated subsidiary, net			30		(1)	29	(29)
Equity-based compensation			304			304		1,108
Equity-based compensation							804
Shares withheld for employee taxes			(3)			(3)	(9)	(12)
Dividends/distributions to convertible non-controlling interest				(390)		(390)		(1,469)
Dividends/distributions to convertible non-controlling interest							(1,079)
Non-convertible non-controlling interest investment							1	1
Non-convertible non-controlling interest distributions							0	0
Balance at Jun. 30, 2023	$ 27	$ 18	$ 73,967	$ (35,373)	$ (955)	$ 37,684	$ 43,627	$ 81,311

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended		12 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Operating activities
Net income (loss)	$ (692)	$ (10,054)	$ (12,252)	$ (35,166)	$ (10,746)	$ (47,418)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Equity-based compensation					2,196	2,186
Loss (gain) on other investments, at fair value	11,376		7,019		13,979	25,737
Loss (gain) on other investments, sold not yet purchased	(23,046)		(79)		(23,051)	(257)
Noncash advisory fees received					(492)	0
(Income) loss from equity method affiliates	511		3,044		906	15,148	$ 20,931
Depreciation and amortization	149		143		293	275
Amortization of discount on debt					300	343
Deferred tax provision (benefit)					6,603	1,362
Change in operating assets and liabilities, net:
Change in receivables from / payables to brokers, dealers, and clearing agencies					93,621	(96,425)
Change in receivables from / payables to related parties, net					68	2,747
(Increase) decrease in other receivables					3,793	(3,440)
(Increase) decrease in investments-trading					19,023	21,941
(Increase) decrease in receivables under resale agreements					(19,836)	1,383,320
(Increase) decrease in other assets					117	(40)
Increase (decrease) in accounts payable and other liabilities					(86,765)	10,970
Increase (decrease) in accrued compensation					(4,390)	(8,899)
Increase (decrease) in trading securities sold, not yet purchased					(35,840)	79,037
Increase (decrease) in securities sold under agreements to repurchase					4,554	(1,380,946)
Net cash provided by (used in) operating activities					(35,667)	5,641
Investing activities
Purchase of other investments, at fair value					(58,723)	(4,792)
Purchase of other investments sold, not yet purchased, at fair value					(112)	(4,791)
Sales and returns of principal - other investments, at fair value					57,140	11,306
Sales and returns of principal - other investments sold, not yet purchased, at fair value					25,885	1,851
Investment in equity method affiliate					(1,124)	(620)
Distribution from equity method affiliate					3	65
Purchase of furniture, equipment, and leasehold improvements					(218)	(393)
Net cash provided by (used in) investing activities					22,851	2,626
Financing activities
Proceeds from debt					15,000	2,250
Repayment of debt					(15,000)	(2,250)
Cash used to net share settle equity awards					(175)	(234)
Cohen & Company Inc. dividends					(984)	(1,843)
Convertible non-controlling interest distributions					(2,266)	(4,535)
Redemption of convertible non-controlling interest units					(833)	0
Non-convertible non-controlling interest investment					38	9
Non-convertible non-controlling interest distributions					0	(1,883)
Net cash provided by (used in) financing activities					(4,220)	(8,486)
Effect of exchange rate on cash					101	(280)
Net increase (decrease) in cash and cash equivalents					(16,935)	(499)
Cash and cash equivalents, beginning of period		$ 29,101		$ 50,567	29,101	50,567	50,567
Cash and cash equivalents, end of period	$ 12,166		$ 50,068		$ 12,166	$ 50,068	$ 29,101

Note 1 - Organization and Natur

Note 1 - Organization and Nature of Operations	6 Months Ended
	Jun. 30, 2023
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 an expanding range of capital markets and asset management services. As of June 30, 2023 , th had $2.07 billion in assets under management (“AUM”) of which $1.03 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, a wholly owned subsidiary of the Operating LLC. “JVB” refers to J.V.B. Financial Group, LLC, a wholly owned broker-dealer subsidiary of JVB Holdings. "CCFESA" refers to Cohen & Company Financial (Europe) S.A., a majority owned subsidiary regulated by the Autorite de Controle Prudentiel et de Resolution ("ACPR ") in France. “CCFEL” refers to Cohen & Company Financial (Europe) Limited, a subsidiary formerly regulated by the Central Bank of Ireland (the "CBI"). 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; ● Revenue earned on the Company’s matched book repo financing activities; and ● New issue and advisory revenue comprised primarily of (i) new issue revenue associated with originating, arranging, or placing newly created financial instruments and (ii) revenue from advisory services. Asset Management ● Asset management fees for the Company’s on-going asset management services provided to certain Investment Vehicles, which may Principal Investing ● Gains and losses (unrealized and realized) and income and expense earned on securities classified as other investments at fair value and other investments sold, not ● Income and loss earned on equity method investments.

Note 2 - Basis of Presentation

Note 2 - Basis of Presentation	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Basis of Accounting [Text Block]	2. The financial statements of the Company included herein were prepared in conformity with U.S. GAAP for interim financial information and with the instructions to Form 10 10 X. not six June 30, 2023 2022 are not 10 December 31, 2022 . Capitalized terms used herein without definition have the meanings ascribed to them in the Annual Report on Form 10 December 31, 2022 .

Note 3 - Summary of Significant

Note 3 - Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Significant Accounting Policies [Text Block]	3. A. Adoption of New Accounting Standards In March 2020, 2020 04 , Reference Rate Reform (Topic 848 January 2021 2021 01, Reference Rate Reform (Topic 848 December 31, 2022. December 2022, 2022 06 Topic 848 December 31, 2022 December 31, 2024. 2020 04 2021 01, March 12, 2020, not 20. 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   In March 2022, 2022 02, Financial Instruments—Credit Losses (Topic 326 2022 02, January 1, 2023, 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 June 2022, 2022 03, Fair Value Measurement (Topic 820 not not December 15, 2023. may In March 2023, 2023 02, Investments—Equity Method and Joint Ventures (Topic 323 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 Receivables under resale agreements 2 Trading securities sold, not third not Other investments sold, not not Securities sold under agreements to repurchase 2 Redeemable financial instruments 3 Debt June 30, 2023 December 31, 2022 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	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Other Events [Text Block]	4. Consolidation of the SPAC Fund Prior to March 31, 2023, not April 1, 2023, April 1, 2023, April 1, 2023, Asset/(Liability) Cash and cash equivalents $ 257 Receivables from brokers, dealers, and clearing agencies 68,066 Other investments, at fair value 40,388 Other assets 108 Accounts payable and other liabilities (82,968 ) Other investments sold, not yet purchased (25,806 ) GP's remaining investment in SPAC Fund $ 45 Included in accounts payable and other liabilities were amounts due to the redeeming investors in the SPAC Fund. As of June 30, 2023, July 2023. Conversion of the 2017 On March 10, 2017, "2017 March 20, 2022, 2017 2017 2017 20 December 31, 2022 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 note 24. The 2020 On January 31, 2020, January 31, 2022. On January 31, 2022, "2022 2022 2020 16 24. INSU Acquisition Corp III ("Insurance SPAC III") The Operating LLC was 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 were sponsors of INSU Acquisition Corp. III ("Insurance SPAC III"). On December 22, 2020, Each Insurance SPAC III Unit consisted of one one third one one first 24 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. IAS III and its affiliates, including the Operating LLC, 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. See note 24. no not no On November 18, 2022, not December 22, 2022, December 22, 2022, In order to provide for the disbursement of funds from the trust account, Insurance SPAC III instructed the trustee of the trust account to take all necessary actions to liquidate the securities held in the trust account. The proceeds of the trust account were held in a non-interest bearing account while awaiting disbursement to the holders of the public shares. Record holders received their pro rata portion of the proceeds of the trust account, less $100 of interest to pay dissolution expenses and net of taxes payable. Insurance SPAC III Sponsor Entities agreed to waive their redemption rights with respect to their outstanding shares of Class B common stock issued prior to the Insurance SPAC III IPO. There were no As a result of the liquidation of Insurance SPAC III, the Company recorded an equity method loss of $5,896 for the year ended December 31, 2022,

Note 5 - Net Trading

Note 5 - Net Trading	6 Months Ended
	Jun. 30, 2023
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 June 30, Six Months Ended June 30, 2023 2022 2023 2022 Net realized gains (losses) - trading inventory $ 3,267 $ 5,112 $ 10,717 $ 9,727 Net unrealized gains (losses) - trading inventory 632 (2,927 ) (2,274 ) (6,190 ) Net gains and losses 3,899 2,185 8,443 3,537 Interest income- trading inventory 918 745 1,653 1,836 Interest income-reverse repos 6,402 12,303 12,532 28,002 Interest income 7,320 13,048 14,185 29,838 Interest expense-repos (5,630 ) (7,561 ) (11,085 ) (15,223 ) Interest expense-margin payable (1,416 ) (415 ) (2,866 ) (608 ) Interest expense (7,046 ) (7,976 ) (13,951 ) (15,831 ) Other trading revenue 3,243 3,120 6,949 4,855 Net trading $ 7,416 $ 10,377 $ 15,626 $ 22,399  Trading inventory includes investments classified as investments-trading as well as trading securities sold, not 7. 6. 10 

Note 6 - Receivables from and P

Note 6 - Receivables from and Payables to Brokers, Dealers, and Clearing Agencies	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Due to and from Broker-Dealers and Clearing Organizations Disclosure [Text Block]	6. Amounts receivable from brokers, dealers, and clearing agencies consisted of the following. RECEIVABLES FROM BROKERS, DEALERS, AND CLEARING AGENCIES (Dollars in Thousands) June 30, 2023 December 31, 2022 Deposits with clearing agencies $ 250 $ 250 Unsettled regular way trades, net 5,098 - Receivables from clearing agencies 102,672 140,683 Receivables from brokers, dealers, and clearing agencies $ 108,020 $ 140,933 Amounts payable to brokers, dealers, and clearing agencies consisted of the following.  PAYABLES TO BROKERS, DEALERS, AND CLEARING AGENCIES (Dollars in Thousands) June 30, 2023 December 31, 2022 Unsettled regular way trades, net $ - $ 3,238 Margin payable 127,627 131,747 Payables to brokers, dealers, and clearing agencies $ 127,627 $ 134,985  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 to finance the Company’s trading portfolio. See note 5 7. 

Note 7 - Financial Instruments

Note 7 - Financial Instruments	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Financial Instruments Disclosure [Text Block]	7. Investments—Trading Investments-trading consisted of the following. INVESTMENTS - TRADING (Dollars in Thousands) June 30, 2023 December 31, 2022 ABS $ 1 $ 1 Corporate bonds and redeemable preferred stock 52,546 44,572 Derivatives 3,616 4,669 Equity securities 760 220 Municipal bonds 7,536 19,502 Residential mortgage loans 3,259 13,506 RMBS 8 7 U.S. government agency debt securities 20,148 19,683 U.S. government agency MBS and CMOs 98,222 97,276 U.S. Treasury securities 6,709 12,392 Investments-trading $ 192,805 $ 211,828  Trading Securities Sold, Not Trading securities sold, not TRADING SECURITIES SOLD, NOT (Dollars in Thousands) June 30, 2023 December 31, 2022 Corporate bonds and redeemable preferred stock $ 52,694 $ 61,310 Derivatives 3,771 1,177 Equity securities 198 51 U.S. government agency debt securities 5 32 U.S. government agency MBS and CMOs 5 1 U.S. Treasury securities 41,444 71,386 Trading securities sold, not yet purchased $ 98,117 $ 133,957 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 for realized and unrealized gains recognized on investments-trading. Other Investments, at Fair Value Other investments, at fair value consisted of the following. OTHER INVESTMENTS, AT FAIR VALUE (Dollars in Thousands) June 30, 2023 December 31, 2022 Equity securities $ 36,185 $ 13,725 Equity derivatives 1,367 - Restricted equity securities 3,405 3,135 Corporate bonds and redeemable preferred stock 476 476 Fair value receivables 6,759 - CREO JV 5,474 6,568 U.S. Insurance JV 3,073 3,459 SPAC Fund - 527 Residential mortgage loans 129 132 Other investments, at fair value $ 56,868 $ 28,022 As of June 30, 2023, $ 27,755 1,127 3,719 1,367 A total o f $ 1,464 1,673 Other Investments Sold, Not Other investments, sold not OTHER INVESTMENTS SOLD, NOT (Dollars in Thousands) June 30, 2023 December 31, 2022 Equity securities $ 66 $ 78 Share forward liabilities 28,540 - Other investments sold, not yet purchased, at fair value $ 28,606 $ 78 As of June 30, 2023, 9.

Note 8 - Fair Value Disclosures

Note 8 - Fair Value Disclosures	6 Months Ended
	Jun. 30, 2023
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 mortgage loans. The changes in fair value (realized and unrealized gains and losses) of these instruments for which the Company has elected the fair value option are recorded in principal transactions and other income in the consolidated statements of operations. All of the investments for which the Company has elected the fair value option are included as a component of other investments, at fair value in the consolidated balance sheets. The Company recognized net gains (losses) related to changes in fair value of investments that are included as a component of other investments, at fair value during the three June 30, 2023 2022 of and , respectively. six June 30, 2023 2022 The Company recognized net gains (losses) related to changes in fair value of investments that are included as a component of other investments, sold not three June 30, 2023 2022 of and $79, respectively. The Company recognized net gains (losses) related to changes in fair value of investments that are included as a component of other investments, sold not six June 30, 2023 2022 of $23,051 and $257, 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 June 30, 2023 December 31, 2022 FAIR VALUE MEASUREMENTS ON A RECURRING BASIS June 30, 2023 (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: ABS $ 1 $ - $ 1 $ - Corporate bonds and redeemable preferred stock 52,546 - 52,546 - Derivatives 3,616 - 3,616 - Equity securities 760 760 - - Municipal bonds 7,536 - 7,536 - Residential mortgage loans 3,259 - 3,259 - RMBS 8 - 8 - U.S. government agency debt securities 20,148 - 20,148 - U.S. government agency MBS and CMOs 98,222 - 98,222 - U.S. Treasury securities 6,709 6,709 - - Total investments - trading $ 192,805 $ 7,469 $ 185,336 $ - Other investments, at fair value: Equity securities $ 36,185 $ 36,185 $ - $ - Equity derivatives 1,367 - 1,367 - Restricted equity securities 3,405 - 3,405 - Corporate bonds and redeemable preferred stock 476 - 476 - Fair value receivables 6,759 - 6,759 - Residential mortgage loans 129 - 129 - 48,321 $ 36,185 $ 12,136 $ - Investments measured at NAV (1) 8,547 Total other investments, at fair value $ 56,868 Liabilities Trading securities sold, not yet purchased: Corporate bonds and redeemable preferred stock $ 52,694 $ - $ 52,694 $ - Derivatives 3,771 - 3,771 - Equity securities 198 198 - - U.S. government agency debt securities 5 - 5 - U.S. government agency MBS and CMOs 5 - 5 - U.S. Treasury securities 41,444 41,444 - - Total trading securities sold, not yet purchased $ 98,117 $ 41,642 $ 56,475 $ -  Other investments, sold not yet purchased: Equity securities $ 66 $ 66 $ - $ - Share forward liabilities 28,540 - 28,540 - Total other investments sold, not yet purchased $ 28,606 $ 66 $ 28,540 $ -  ( 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 and the CREO JV. The U.S. Insurance JV invests in USD denominated debt issued by small insurance and reinsurance companies. 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, 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: ABS $ 1 $ - $ 1 $ - Corporate bonds and redeemable preferred stock 44,572 - 44,572 - Derivatives 4,669 - 4,669 - Equity securities 220 220 - - Municipal bonds 19,502 - 19,502 - Residential mortgage loans 13,506 - 13,506 - RMBS 7 - 7 - U.S. government agency debt securities 19,683 - 19,683 - U.S. government agency MBS and CMOs 97,276 - 97,276 - U.S. Treasury securities 12,392 12,392 - - Total investments - trading $ 211,828 $ 12,612 $ 199,216 $ - Other investments, at fair value: Equity Securities $ 13,725 $ 13,725 $ - $ - Restricted Equity Securities 3,135 - 3,135 - Corporate bonds and redeemable preferred stock 476 - 476 - Residential mortgage loans 132 - 132 - 17,468 $ 13,725 $ 3,743 $ - Investments measured at NAV (1) 10,554 Total other investments, at fair value $ 28,022 Liabilities Trading securities sold, not yet purchased: Corporate bonds and redeemable preferred stock $ 61,310 $ - $ 61,310 $ - Derivatives 1,177 - 1,177 - Equity securities 51 51 - - U.S. Government Agency debt 32 - 32 - U.S. government agency MBS and CMOs 1 - 1 - U.S. Treasury securities 71,386 71,386 - - Total trading securities sold, not yet purchased $ 133,957 $ 71,437 $ 62,520 $ -  Other investments, sold not yet purchased: Equity securities $ 78 $ 78 $ - $ - Total other investments sold, not yet purchased $ 78 $ 78 $ - $ -  ( 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 invested 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 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 Certificates of Deposit third 2 Corporate Bonds and Redeemable Preferred Stock third 2 1 Equity Securities 1 2 3 Equity Securities Without Readily Determinable Fair Value not not 321 10 35 2. 1 Restricted Equity Securities 2 not no Fair value receivables third 9. 2 Foreign Government Bonds third 2 Municipal Bonds third third 2 third 3 third Residential Mortgage Loans 2 RMBS third third third 2 U.S. Government Agency Debt Securities third 1 2 U.S. Government Agency MBS and CMOs third third 2 U.S. Treasury Securities not 1 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. Share forward liabilities Share forward liabilities are included as a component of other investments sold, not 2 9. Investments in Certain Entities that Calculate NAV Per Share (or its Equivalent) The following table presents additional information about investments in certain entities that calculate NAV per share (regardless of whether the “practical expedient” provisions of FASB ASC 820 June 30, 2023 December 31, 2022 Fair Value June 30, 2023 Unfunded Commitments Redemption Frequency Redemption Notice Period Other investments, at fair value CREO JV (a) $ 5,474 $ 10,065 N/A N/A U.S. Insurance JV (b) 3,073 N/A N/A N/A $ 8,547  Fair Value December 31, 2022 Unfunded Commitments Redemption Frequency Redemption Notice Period Other investments, at fair value CREO JV (a) $ 6,568 $ 8,464 N/A N/A U.S. Insurance JV (b) 3,459 N/A N/A N/A SPAC Fund (c) 527 N/A Quarterly after 1 year lock up 30 days $ 10,554 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 invested in equity interests of SPACs.

Note 9 - Derivative Financial I

Note 9 - Derivative Financial Instruments	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Derivative Instruments and Hedging Activities Disclosure [Text Block]	9. FASB ASC 815, Derivatives and Hedging 815” not 815. All of the derivatives that the Company enters into contain master netting arrangements. If certain requirements are met, the offsetting provisions included in FASB ASC 210, Balance Sheet 210” not 210 not no Derivative financial instruments are recorded at fair value. If the derivative was entered into as part of the Company’s broker-dealer operations, it will be included as a component of investments-trading or trading securities sold, not The Company may, may TBAs are forward contracts to purchase or sell MBS with collateral that remains “to be announced” until just prior to the trade settlement date. In addition to TBAs, the Company sometimes enters into forward purchases or sales of agency MBS where the underlying collateral has been identified. These transactions are referred to as other forward agency MBS contracts. TBAs and other forward agency MBS contracts are accounted for as derivatives by the Company under ASC 815. not In addition to TBAs and other forward agency MBS contracts as part of the Company’s broker-dealer operations, the Company may not not Derivatives involve varying degrees of off-balance sheet risk, whereby changes in the level or volatility of interest rates or market values of the underlying financial instruments may The Company may, Equity Derivatives A significant portion of the Company’s equity holdings are carried at fair value. From time to time, the Company hedges a portion of this exposure by entering into equity derivatives such as puts and short call options. These derivative positions are carried at fair value as a component of other investments, at fair value and other investments sold, not June 30, 2023 December 31, 2022, no may In addition, the Company may not June 30, 2023 December 31, 2022, no The Company also hedges a portion of the exposure from these equity investments by entering into short trades. These short trades are not not 7. TBAs and Other Forward Agency MBS Contracts The Company enters into TBAs and other forward agency MBS transactions for three (i) The Company trades U.S. government agency obligations. In connection with these activities, the Company may may (ii) The Company also enters into TBAs and other forward agency MBS contracts in order to assist clients (generally small to mid-size mortgage loan originators) in hedging the interest rate risk associated with the mortgages owned by these clients. (iii) Finally, the Company may The Company carries TBAs and other forward agency MBS contracts at fair value and includes them as a component of investments-trading or trading securities sold, not June 30, 2023 December 31, 2022 Other Extended Settlement Trades When the Company buys or sells a financial instrument that will not June 30, 2023 December 31, 2022  Foreign Currency Forward Contracts The Company invests in foreign currency denominated investments that expose it to fluctuations in foreign currency rates, and, therefore, the Company may, June 30, 2023 December 31, 2022 The following table presents the Company’s derivative financial instruments and the amount and location of the fair value (unrealized gain / (loss)) recognized in the consolidated balance sheets as of June 30, 2023 December 31, 2022 DERIVATIVE FINANCIAL INSTRUMENTS-BALANCE SHEET INFORMATION (Dollars in Thousands)  Derivative Financial Instruments Not Designated as Hedging Instruments Under FASB ASC 815 Balance Sheet Classification June 30, 2023 December 31, 2022 TBAs and other forward agency MBS Investments-trading $ 3,616 $ 4,669 TBAs and other forward agency MBS Trading securities sold, not yet purchased (3,771 ) (1,177 ) Equity derivatives Other investments, at fair value 1,367 - Share forward liabilities Other investments sold, not yet purchased, at fair value 28,540 - $ 29,752 $ 3,492 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)  Three Months Ended June 30, Derivative Financial Instruments Not Designated as Hedging Instruments Under FASB ASC 815 Income Statement Classification 2023 2022 TBAs and other forward agency MBS Revenue-net trading $ 1,531 $ 2,960 Equity derivatives Principal transactions and other income (loss) 788 - Share forward liabilities Principal transactions and other income (loss) 23,039 - $ 25,358 $ 2,960 The share forward liabilities offset certain long positions included as a component of other investments, at fair value. The offsetting long positions had income / (loss) of $(13,634) and $0 for the three June 30, 2023 2022, Six Months Ended June 30, Derivative Financial Instruments Not Designated as Hedging Instruments Under FASB ASC 815 Income Statement Classification 2023 2022 TBAs and other forward agency MBS Revenue-net trading $ 1,922 $ 5,598 Equity derivatives Principal transactions and other income (loss) 788 - Share forward liabilities Principal transactions and other income (loss) 23,039 - $ 25,749 $ 5,598 The share forward liabilities offset certain long positions included as a component of other investments, at fair value. The offsetting long positions had income / (loss) of $(13,634) and $0 for the six June 30, 2023 2022, Share Forward Arrangements The Company has engaged in several transactions known as share forward arrangements ("SFAs"). In a typical SFA transaction, the Company acquires an interest in a publicly traded company (each referred to as the "SFA Counterparty") through open market purchases, direct acquisitions from the SFA Counterparty, or a combination thereof. These interests can take the form of unrestricted common shares, restricted common shares, equity derivatives, or fair value receivables. Upon acquiring these interests, the Company and the SFA Counterparty enter into an SFA derivative arrangement. In cases where the Company acquires its interests in the SFA Counterparty through open market purchases, the SFA generally requires an up-front payment from the SFA Counterparty to the Company. The amount of this payment equals the cost paid by the Company for those interests, less a shortfall amount in certain cases. To fund the shortfall portion of the initial investment, the Company will utilize available cash on hand or available financing. The SFA stipulates that the Company must make a payment to the SFA Counterparty on a certain maturity date. Depending on the terms of the SFA, this payment may Importantly, the SFA does not not Furthermore, SFAs usually include a provision allowing the Company to terminate the SFA, either in whole or in part, before its maturity by making an agreed-upon payment based on an amount defined in the agreement (the “Reset Price”). The Reset Price may SFAs also impose various obligations on the SFA Counterparty. These obligations may not not may The Company accounts for SFA transactions as follows: ● The interests in public companies that it owns are carried at fair value. Refer to note 8 ● The derivative obligation arising from the SFA is also carried at fair value. Fair value represents the amount the Company would need to pay to settle the SFA obligation at any reporting period date. If the SFA allows the Company multiple methods of settling the obligation, the Company will choose the most advantageous one not may ● The Company does not ● In cases where the Company earns Maturity Consideration and the amount it is owed exceeds the fair value of the interest it owns that is available to offset, the Company will consider the probability of payment of the remaining Maturity Consideration based on the credit quality of the SFA Counterparty and general market conditions. If the Company determines the collection of the remaining Maturity Consideration owed is not not The following table shows the carrying value of the assets and liabilities of SFA transactions as of the reporting period dates. SHARE FORWARD ARRANGEMENTS (Dollars in Thousands) June 30, 2023 December 31, 2022 Equity securities $ 27,755 $ - Equity derivatives 1,367 - Restricted equity securities 1,127 - Fair value receivables 3,719 - Share forward liabilities (28,540 ) - Net fair value of share forward arrangements $ 5,428 $ -

Note 10 - Collateralized Securi

Note 10 - Collateralized Securities Transactions	6 Months Ended
	Jun. 30, 2023
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. Gestation Repo For the periods presented, all of the Company's matched book repo business consisted of gestation repo transactions. Gestation repo involves entering into repo and reverse repo transactions 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 On Balance Sheet one Agency Repo first three Bankruptcy of Gestation Counterparty As of June 30, 2022, June 30, 2022, June 30, 2022, As of June 30, 2023 December 31, 2022, During the year ended December 31, 2022, not December 31, 2022, During the six June 30, 2023, Other Repo Transactions In addition to the Company’s matched book repo business, the Company may may no Repo Information As of June 30, 2023 December 31, 2022 As of June 30, 2023 December 31, 2022 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 June 30, 2023 December 31, 2022 The total net revenue earned by the Company on its matched book repo business (net interest margin and fee revenue) was $4,015 and $8,396 for the three six June 30, 2023 three six June 30, 2022  Detail ASC 210 lateral (see note 13 The following tables summarize the remaining contractual maturity of the gross obligations under repos accounted for as secured borrowings segregated by the underlying collateral pledged as of each date shown. All amounts as well as counterparty cash collateral (see note 13 SECURED BORROWINGS (Dollars in Thousands) June 30, 2023 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) $ - $ 457,351 $ - $ - $ 457,351 $ - $ 457,351 $ - $ - $ 457,351 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) $ - $ 457,528 $ - $ - $ 457,528 $ - $ 457,528 $ - $ - $ 457,528  SECURED BORROWINGS (Dollars in Thousands) December 31, 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) $ - $ 452,797 $ - $ - $ 452,797 $ - $ 452,797 $ - $ - $ 452,797 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) $ - $ 437,692 $ - $ - $ 437,692 $ - $ 437,692 $ - $ - $ 437,692

Note 11 - Investments in Equity

Note 11 - Investments in Equity Method Affiliates	6 Months Ended
	Jun. 30, 2023
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 statement of cash flows. Any excess distributions would be considered as return of investment 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) INSU Acquisition Corp. III Dutch Real Estate Entities SPAC Sponsor Entities and Other Total January 1, 2023 $ - $ 5,530 $ 3,399 $ 8,929 Investments / advances - - 1,124 1,124 Distributions / repayments - - (3 ) (3 ) Reclasses to (from) - - (362 ) (362 ) Earnings / (loss) recognized - 212 (1,118 ) (906 ) June 30, 2023 $ - $ 5,742 $ 3,040 $ 8,782 INSU Acquisition Corp. III Dutch Real Estate Entities SPAC Sponsor Entities and Other Total January 1, 2022 $ 4,543 $ 5,600 $ 38,095 $ 48,238 Investments / advances 1,355 - 1,259 2,614 Distributions / repayments - - (77 ) (77 ) Reclasses to (from) - - (20,915 ) (20,915 ) Earnings / (loss) recognized (5,898 ) (70 ) (14,963 ) (20,931 ) December 31, 2022 $ - $ 5,530 $ 3,399 $ 8,929 Dutch Real Estate Entities include: (i) Amersfoot Office Investment I Cooperatief U. A. (“AOI”), a company based in the Netherlands that invests in real estate, and (ii) CK Capital Partners B.V. (“CK Capital”), a company based in the Netherlands that manages investments in real estate. See note 24. December 2020 December 2022 4. not no

Note 12 - Leases

Note 12 - Leases	6 Months Ended
	Jun. 30, 2023
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 ASC 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 June 30, 2023  Maturities of operating lease liability payments consisted of the following. FUTURE MATURITY OF LEASE LIABILITIES (Dollars in Thousands) June 30, 2023 2023 - remaining $ 1,364 2024 2,174 2025 1,797 2026 1,509 2027 1,517 Thereafter 2,253 Total 10,614 Less imputed interest (1,249 ) Lease obligation $ 9,365 During the six June 30, 2023 2022 No three six June 30, 2023 three six June 30, 2022

Note 13 - Other Receivables, Ot

Note 13 - Other Receivables, Other Assets, Accounts Payable and Other Liabilities	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Other Receivables, Other Assets, Accounts Payable and Other Liabilities [Text Block]	13.  Other receivables consisted of the following. OTHER RECEIVABLES (Dollars in Thousands) June 30, 2023 December 31, 2022 Asset management fees receivable $ 1,035 $ 936 New issue fee receivable 1,120 167 Cash collateral due from counterparties 432 4,301 Accrued interest receivable and dividend receivable 1,768 2,561 Revenue share receivable 240 138 Agency repo income receivable 429 806 Miscellaneous other receivables 710 618 Other receivables $ 5,734 $ 9,527  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. 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  Accrued interest and dividends receivable represent interest and dividends accrued on the Company’s investment securities included as a component of investments-trading or other investments, at fair value. Interest payable on securities sold, not Revenue share receivable represents the amount due to the Company for the Company’s share of a revenue arrangement generated from an entity in which the Company receives a share of the entity’s revenue. Agency repo income receivable represents income receivable on gestation repo trades. See note 10. Miscellaneous other receivables represent other receivables that are of a short-term nature.  Other assets consisted of the following. OTHER ASSETS (Dollars in Thousands) June 30, 2023 December 31, 2022 Deferred costs $ 76 $ 133 Prepaid expenses 1,475 1,325 Prepaid taxes 885 - Deposits 453 450 Furniture, equipment, and leasehold improvements, net 1,397 1,472 Intangible assets 166 166 Other assets $ 4,452 $ 3,546  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 that will be returned or offset upon satisfaction of a lease or other contractual arrangement. See note 16 10 December 31, 2022  Accounts payable and other liabilities consisted of the following. ACCOUNTS PAYABLE AND OTHER LIABILITIES (Dollars in Thousands) June 30, 2023 December 31, 2022 Accounts payable $ 1,210 $ 891 Redeemable financial instruments accrued interest 83 - Accrued income tax - 70 Accrued interest payable 482 452 Accrued interest on securities sold, not yet purchased 1,104 1,561 Payroll taxes payable 894 1,565 Counterparty cash collateral 147 4,301 Accrued expense and other liabilities 4,593 2,599 Accounts payable and other liabilities $ 8,513 $ 11,439 The redeemable financial instrument accrued interest represents accrued interest on the JKD Investor 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, it provides collateral to its repo counterparty in excess of the principal balance of the repo. If the value of the securities the Company provides as collateral increases, the Company may 10 23.

Note 14 - Variable Interest Ent

Note 14 - Variable Interest Entities	6 Months Ended
	Jun. 30, 2023
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: CARRYING VALUE OF CONSOLIDATED VARIABLE INTEREST ENTITIES (Dollars in Thousands) June 30, 2023 December 31, 2022 Cash and cash equivalents $ 5,014 $ 19 Due from broker 3,271 - Other investments, at fair value 31,178 - Investment in equity method affiliates 43 23 Non-controlling interest (6,654 ) (15 ) Investment in consolidated VIEs $ 32,852 $ 27 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 $0 and $0 as of June 30, 2023 December 31, 2022, The Company’s Principal Investing Portfolio  Included in other investments, at fair value in the consolidated balance sheets are investments in several VIEs. In each case, the Company determined it was not June 30, 2023 December 31, 2022, $10,065 not three six June 30, 2023 2022 June 30, 2023 December 31, 2022  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 June 30, 2023 December 31, 2022 CARRYING VALUE OF VARIABLE INTERESTS IN NON-CONSOLIDATED VARIABLE INTEREST ENTITIES (Dollars in Thousands) June 30, 2023 December 31, 2022 Other investments, at fair value $ 8,547 $ 10,554 Investments in equity method affiliates 3,040 3,376 Maximum exposure $ 11,587 $ 13,930

Note 15 - Redeemable Financial

Note 15 - Redeemable Financial Instruments	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Other Liabilities Disclosure [Text Block]	15.  Redeemable financial instruments consisted of the following. REDEEMABLE FINANCIAL INSTRUMENTS (Dollars in Thousands) June 30, 2023 December 31, 2022 JKD Capital Partners I LTD $ 7,868 $ 7,868 $ 7,868 $ 7,868  On February 13, 2023, No. 2 October 3, 2016, January 1, 2023,

Note 16 - Debt

Note 16 - Debt	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Debt Disclosure [Text Block]	16.  The Company had the following debt outstanding. DETAIL OF DEBT (Dollars in Thousands) As of As of Interest Description June 30, 2023 December 31, 2022 Rate Terms Interest (2) Maturity Non-convertible debt: 10.00% senior note (the "2020 Senior Notes") $ 4,500 $ 4,500 Fixed 10.00% January 2024 Junior subordinated notes: (1) Alesco Capital Trust I 28,125 28,125 Variable 9.30% July 2037 Sunset Financial Statutory Trust I 20,000 20,000 Variable 9.31% March 2035 Less unamortized discount (23,301 ) (23,601 ) 24,824 24,524 Byline Bank - - Variable NA December 2023 Total $ 29,324 $ 29,024 ( 1 The junior subordinated notes listed represent debt the Company owes to the two $49,614. $1,489. not $0. June 30, 2023 ( 2 Represents the interest rate in effect as of the last day of the reporting period.  The 2020 On January 31, 2022, "2022 2022 $2,250 2020 The Amended and Restated Note evidences Operating LLC’s obligation to repay to JKD Investor (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 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 Effective March 10, 2020, 2017 March 10, 2022. On March 20, 2022, 2017 2017 2017 Pursuant to the terms and conditions of the Operating LLC’s Amended and Restated Limited Liability Company Agreement, dated December 16, 2009, may one 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 LLC Units, 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 AFN 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 AFN 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. 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 AFN Merger, Cohen & Company Inc. has been in violation of one not not The U.K. Financial Conduct Authority (the authority that regulated LIBOR) announced that it would cease publication of the most commonly used U.S. dollar LIBOR tenors after June 30, 2023, December 31, 2021. The junior subordinated notes payable to both Alesco Capital Trust I and Sunset Financial Trust initially incurred interest that was calculated based on LIBOR. The junior subordinated notes payable to Alesco Capital Trust I provided for the manner in which interest is calculable under such notes if LIBOR is no no 0.50% The junior subordinated notes payable to Sunset Financial Trust did not no no 2021 Byline Bank On June 9, 2023, $85,000 June 30, 2023 ( $90,000 Pursuant to the Third Amended and Restated Agreement, Byline Bank agreed to make loans to JVB, at JVB’s request from time to time, in the aggregate amount of up to $15,000. In April 2023, June 30, 2023. Loans (both principal and interest) made by Byline Bank to JVB under the Third Amended and Restated Agreement are scheduled to mature and become immediately due and payable in full on December 21, 2023. may December 21, 2023. Loans under the Third Amended and Restated Agreement will bear interest at a per annum rate equal to the Term SOFR Rate (as such term is defined in the Third Amended and Restated Agreement) plus 6.0%, no 7.0%. $15,000 $15,000 JVB may $15,000 $15,000 The obligations of Byline Bank under the Third Amended and Restated Agreement are guaranteed by the Company, the Operating LLC, and JVB, and are secured by a lien on all of JVB's property, including its 100% ownership interest in all of the outstanding units of membership interests of JVB. The Third Amended and Restated Agreement includes customary covenants for a transaction of this type, including covenants limiting the indebtedness that can be incurred by JVB and Holdings LP and restricting JVB’s ability to make certain loans and investments. Additionally, under the Third Amended and Restated Agreement, JVB may not $70,000 June 9, 2023. may not 0.25 Pursuant to the Third Amended and Restated Agreement, JVB may may not The Third Amended and Restated Agreement provides customary representations and warranties for a transaction of this type. If an event of default under the Third Amended and Restated Agreement occurs and is continuing, then Byline Bank may As of June 30, 2023 2022, no  Interest Expense, net INTEREST EXPENSE (Dollars in Thousands) Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Junior subordinated notes $ 1,276 $ 756 $ 2,485 $ 1,413 2020 Senior Notes 112 112 223 231 2017 Convertible Note - - - 327 Byline Bank 158 62 223 134 Redeemable Financial Instrument - JKD Capital Partners I LTD 84 176 291 352 $ 1,630 $ 1,106 $ 3,222 $ 2,457 

Note 17 - Equity

Note 17 - Equity	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Shareholders' Equity and Share-Based Payments [Text Block]	17. Stockholders’ Equity Common Equity six June 30, 2023 Common Stock Shares December 31, 2022 1,433,283 Vesting of shares 108,901 Shares withheld for employee taxes and retired (20,328 ) June 30, 2023 1,521,856 Series E Voting Non-Convertible Preferred Stock no ten one June 30, 2023 21 10 December 31, 2022  Series F Voting Non-Convertible Preferred Stock December 23, 2019, December 30, 2019, not one ten June 30, 2023 . 21 10 December 31, 2022 Cash Dividends On each of March 7, 2023 May 4, 2023, April 5, 2023 June 2, 2023, March 22, 2023 May 18, 2023, During the six June 30, 2023 Six Months Ended June 30, 2023 Other units related to UIS Agreement 885,730 Total 885,730 The Company recognized a net increase in additional paid in capital of $612 and a net decrease in AOCI of $13 with an offsetting decrease in non-controlling interest of $599 in connection with the acquisition and surrender of additional units of the Operating LLC during the six June 30, 2023 six June 30, 2023 2022  For the Six Months Ended June 30, 2023 2022 Net income / (loss) attributable to Cohen & Company Inc. $ (9,238 ) $ (9,469 ) 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 612 (381 ) Changes from net income / (loss) attributable to Cohen & Company Inc. and transfers (to) from the non-controlling interest $ (8,626 ) $ (9,850 )  Detail of Non-Controlling Interest ROLLFORWARD OF NON-CONTROLLING INTERESTS (Dollars in Thousands) Operating LLC Other Consolidated Subsidiaries Total December 31, 2022 $ 47,270 $ 17 $ 47,287 Non-controlling interest share of income (loss) (8,108 ) 6,600 (1,508 ) Other comprehensive income (loss) 42 - 42 Acquisition / (surrender) of additional units of consolidated subsidiary (599 ) - (599 ) Equity-based compensation 1,593 - 1,593 Shares withheld for employee taxes (127 ) - (127 ) Investment in non-convertible non-controlling interest of Operating LLC - 39 39 Distributions to convertible non-controlling interest of Cohen & Company Inc. (2,266 ) - (2,266 ) Redemption of convertible non-controlling interest units (834 ) - (834 ) June 30, 2023 $ 36,971 $ 6,656 $ 43,627 The Operating LLC non-controlling interest is included as convertible non-controlling interest in the consolidated statement of operations. The other components of non-controlling interest are included as non-convertible non-controlling interest in the statement of operations. See note 16. 21 10 December 31, 2022,

Note 18 - Income Taxes

Note 18 - Income Taxes	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Income Tax Disclosure [Text Block]	18. Cohen & Company Inc. is treated as a C corporation for United States federal income tax purposes. A U.S. C corporation is subject to a federal tax rate of 21%. 1. six June 30, 2023 2. no 3. 4. may not 740 The following table presents the components on the Company's consolidated provision for income tax for the periods presented. For the Six Months Ended June 30, 2023 2022 Change Current $ (469 ) $ 411 $ 880 Deferred 6,603 1,362 (5,241 ) Total $ 6,134 $ 1,773 $ (4,361 ) Of the $6,134 of income tax expense recognized during the six June 30, 2023, December 31, 2023. 740 Income Taxes, not June 30, 2023 not June 30, 2023, $5,644

Note 19 - Net Capital Requireme

Note 19 - Net Capital Requirements	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Net Capital Under Securities and Exchange Commission Regulation Disclosure [Text Block]	19 . NET CAPITAL REQUIREMENTS JVB is subject to the net capital provision of Rule 15c3 1 June 30, 2023 was $250 . CCFESA, a subsidiary of the Company, is regulated by the ACPR in France. CCFESA is subject to certain regulatory capital requirements in accordance with Articles L.533 2 et seq. of the French Financial and Monetary Code, implementing the new framework set out in the Investment Firm Regulation ("IFR") and the Investment Firm Directive ("IFD"). As of June 30, 2023 April 7, 2022.

Note 20 - Earnings (Loss) Per C

Note 20 - Earnings (Loss) Per Common Share	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Earnings Per Share [Text Block]	 20 . EARNINGS / (LOSS) PER COMMON SHARE The following table presents a reconciliation of basic and diluted earnings / (loss) per common share for the periods indicated. EARNINGS / (LOSS) PER COMMON SHARE (Dollars in Thousands, except share or per share information) Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Net income / (loss) attributable to Cohen & Company Inc. $ (6,601 ) $ (1,857 ) $ (9,238 ) $ (9,469 ) Add: Net income (loss) attributable to the convertible non-controlling interest of Cohen & Company Inc. - (6,228 ) - - Add / (deduct): Adjustment (2) - (172 ) - - Net income / (loss) on a fully converted basis $ (6,601 ) $ (8,257 ) $ (9,238 ) $ (9,469 ) Weighted average common shares outstanding - Basic 1,520,122 1,428,237 1,504,819 1,411,596 Unrestricted Operating LLC Units exchangeable into Cohen & Company Inc. shares (1) - 3,965,405 - - Restricted units or shares - - - - Weighted average common shares outstanding - Diluted (3) 1,520,122 5,393,642 1,504,819 1,411,596 Net income / (loss) per common share - Basic $ (4.34 ) $ (1.30 ) $ (6.14 ) $ (6.71 ) Net income / (loss) per common share - Diluted $ (4.34 ) $ (1.53 ) $ (6.14 ) $ (6.71 ) ( 1 The LLC Units 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 LLC Units had been converted at the beginning of the period. ( 3 Potentially dilutive securities that were not Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Unrestricted LLC Units exchangeable into Cohen & Company Inc. shares 4,014,250 - 4,006,109 3,504,604 2017 Convertible Note Units - - - 448,276 Restricted Common Stock 455 5,554 7,534 12,394 Restricted Operating LLC Units - 1,653 1,268 5,149 4,014,705 7,207 4,014,911 3,970,423

Note 21 - Commitments and Conti

Note 21 - Commitments and Contingencies	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	21. Legal and Regulatory Proceedings  From time to time, the Company is a party to various routine legal proceedings, claims, and regulatory inquiries arising out of the ordinary course of the Company’s business. Management believes that the results of these routine legal proceedings, claims, and regulatory matters will not

Note 22 - Segment and Geographi

Note 22 - Segment and Geographic Information	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	22. The Company operates within three 1. not not 1 SEGMENT INFORMATION Statement of Operations Information Six Months Ended June 30, 2023 Capital Asset Principal Segment Unallocated Markets Management Investing Total (1 ) Total Net trading $ 15,626 $ - $ - $ 15,626 $ - $ 15,626 Asset management - 3,630 - 3,630 - 3,630 New issue and advisory 2,295 - - 2,295 - 2,295 Principal transactions and other income 1 472 9,372 9,845 - 9,845 Total revenues 17,922 4,102 9,372 31,396 - 31,396 Compensation 13,614 2,612 701 16,927 3,611 20,538 Other Operating Expense 7,269 1,216 338 8,823 2,519 11,342 Total operating expenses 20,883 3,828 1,039 25,750 6,130 31,880 Operating income (loss) (2,961 ) 274 8,333 5,646 (6,130 ) (484 ) Interest income (expense) (223 ) - - (223 ) (2,999 ) (3,222 ) Income (loss) from equity method affiliates - - (906 ) (906 ) - (906 ) Income (loss) before income taxes (3,184 ) 274 7,427 4,517 (9,129 ) (4,612 ) Income tax expense (benefit) - - - - 6,134 6,134 Net income (loss) (3,184 ) 274 7,427 4,517 (15,263 ) (10,746 ) Less: Net income (loss) attributable to the non-convertible non-controlling interest of the Operating LLC - 17 6,583 6,600 - 6,600 Enterprise net income (loss) (3,184 ) 257 844 (2,083 ) (15,263 ) (17,346 ) Less: Net income (loss) attributable to the convertible non-controlling interest of Cohen & Company Inc. - - - - (8,108 ) (8,108 ) Net income (loss) attributable to Cohen & Company Inc. $ (3,184 ) $ 257 $ 844 $ (2,083 ) $ (7,155 ) $ (9,238 ) Other statement of operations data Depreciation and amortization (included in total operating expense) $ - $ 3 $ - $ 3 $ 290 $ 293 SEGMENT INFORMATION Statement of Operations Information Six Months Ended June 30, 2022 Capital Asset Principal Segment Unallocated Markets Management Investing Total (1 ) Total Net trading $ 22,399 $ - $ - $ 22,399 $ - $ 22,399 Asset management - 3,787 - 3,787 - 3,787 New issue and advisory 7,251 - - 7,251 - 7,251 Principal transactions and other income 1 343 (25,309 ) (24,965 ) - (24,965 ) Total revenues 29,651 4,130 (25,309 ) 8,472 - 8,472 Compensation 17,687 2,853 410 20,950 5,143 26,093 Other Operating Expense 6,677 953 348 7,978 2,441 10,419 Total operating expenses 24,364 3,806 758 28,928 7,584 36,512 Operating income (loss) 5,287 324 (26,067 ) (20,456 ) (7,584 ) (28,040 ) Interest (expense) income (134 ) - - (134 ) (2,323 ) (2,457 ) Income (loss) from equity method affiliates - - (15,148 ) (15,148 ) - (15,148 ) Income (loss) before income taxes 5,153 324 (41,215 ) (35,738 ) (9,907 ) (45,645 ) Income tax expense (benefit) - - - - 1,773 1,773 Net income (loss) 5,153 324 (41,215 ) (35,738 ) (11,680 ) (47,418 ) Less: Net income (loss) attributable to the non-convertible non-controlling interest of the Operating LLC - - (18,871 ) (18,871 ) - (18,871 ) Enterprise net income (loss) 5,153 324 (22,344 ) (16,867 ) (11,680 ) (28,547 ) Less: Net income (loss) attributable to the convertible non-controlling interest of Cohen & Company Inc. - - - - (19,078 ) (19,078 ) Net income (loss) attributable to Cohen & Company Inc. $ 5,153 $ 324 $ (22,344 ) $ (16,867 ) $ 7,398 $ (9,469 ) Other statement of operations data Depreciation and amortization (included in total operating expense) $ - $ 2 $ - $ 2 $ 273 $ 275 SEGMENT INFORMATION Statement of Operations Information Three Months Ended June 30, 2023 Capital Asset Principal Segment Unallocated Markets Management Investing Total (1) Total Net trading $ 7,416 $ - $ - $ 7,416 $ - $ 7,416 Asset management - 1,605 - 1,605 - 1,605 New issue and advisory 1,395 - - 1,395 - 1,395 Principal transactions and other income - 232 11,924 12,156 - 12,156 Total revenues 8,811 1,837 11,924 22,572 - 22,572 Compensation 6,668 1,181 466 8,315 1,686 10,001 Other Operating Expense 3,620 648 121 4,389 1,183 5,572 Total operating expenses 10,288 1,829 587 12,704 2,869 15,573 Operating income (loss) (1,477 ) 8 11,337 9,868 (2,869 ) 6,999 Interest income (expense) (157 ) - - (157 ) (1,473 ) (1,630 ) Income (loss) from equity method affiliates - - (511 ) (511 ) - (511 ) Other non-operating income - - - - - - Income (loss) before income taxes (1,634 ) 8 10,826 9,200 (4,342 ) 4,858 Income tax expense (benefit) - - - - 5,550 5,550 Net income (loss) (1,634 ) 8 10,826 9,200 (9,892 ) (692 ) Less: Net income (loss) attributable to the non-convertible non-controlling interest of the Operating LLC - (97 ) 6,600 6,503 6,503 Enterprise net income (loss) (1,634 ) 105 4,226 2,697 (9,892 ) (7,195 ) Less: Net income (loss) attributable to the convertible non-controlling interest of Cohen & Company Inc. - - - - (594 ) (594 ) Net income (loss) attributable to Cohen & Company Inc. $ (1,634 ) $ 105 $ 4,226 $ 2,697 $ (9,298 ) $ (6,601 ) Other statement of operations data Depreciation and amortization (included in total operating expense) $ - $ 2 $ - $ 2 $ 147 $ 149 SEGMENT INFORMATION Statement of Operations Information Three Months Ended June 30, 2022 Capital Asset Principal Segment Unallocated Markets Management Investing Total (1) Total Net trading $ 10,377 $ - $ - $ 10,377 $ - $ 10,377 Asset management - 1,898 - 1,898 - 1,898 New issue and advisory 3,481 - - 3,481 - 3,481 Principal transactions and other income 2 229 (6,833 ) (6,602 ) - (6,602 ) Total revenues 13,860 2,127 (6,833 ) 9,154 - 9,154 Compensation 7,825 1,402 216 9,443 2,771 12,214 Other Operating Expense 3,243 584 199 4,026 1,076 5,102 Total operating expenses 11,068 1,986 415 13,469 3,847 17,316 Operating income (loss) 2,792 141 (7,248 ) (4,315 ) (3,847 ) (8,162 ) Interest (expense) income (62 ) - - (62 ) (1,044 ) (1,106 ) Income (loss) from equity method affiliates - - (3,044 ) (3,044 ) - (3,044 ) Income (loss) before income taxes 2,730 141 (10,292 ) (7,421 ) (4,891 ) (12,312 ) Income tax expense (benefit) - - - - (60 ) (60 ) Net income (loss) 2,730 141 (10,292 ) (7,421 ) (4,831 ) (12,252 ) Less: Net income (loss) attributable to the non-convertible non-controlling interest of the Operating LLC - - (4,167 ) (4,167 ) - (4,167 ) Enterprise net income (loss) 2,730 141 (6,125 ) (3,254 ) (4,831 ) (8,085 ) Less: Net income (loss) attributable to the convertible non-controlling interest of Cohen & Company Inc. - - - - (6,228 ) (6,228 ) Net income (loss) attributable to Cohen & Company Inc. $ 2,730 $ 141 $ (6,125 ) $ (3,254 ) $ 1,397 $ (1,857 ) Other statement of operations data Depreciation and amortization (included in total operating expense) $ - $ 1 $ - $ 1 $ 142 $ 143 BALANCE SHEET DATA As of June 30, 2023 (Dollars in Thousands) Capital Asset Principal Segment Unallocated Markets Management Investing Total (1) Total Total Assets $ 764,029 $ 3,919 $ 74,036 $ 841,984 $ 14,142 $ 856,126 Included within total assets: Investments in equity method affiliates $ - $ - $ 8,782 $ 8,782 $ - $ 8,782 Goodwill (2) $ 54 $ 55 $ - $ 109 $ - $ 109 Intangible assets (2) $ 166 $ - $ - $ 166 $ - $ 166  BALANCE SHEET DATA December 31, 2022 (Dollars in Thousands) Capital Asset Principal Segment Unallocated Markets Management Investing Total (1) Total Total Assets $ 820,238 $ 5,679 $ 36,969 $ 862,886 $ 24,169 $ 887,055 Included within total assets: Investments in equity method affiliates $ - $ - $ 8,929 $ 8,929 $ - $ 8,929 Goodwill (2) $ 54 $ 55 $ - $ 109 $ - $ 109 Intangible assets (2) $ 166 $ - $ - $ 166 $ - $ 166  ( 1 Unallocated assets primarily include: (i) amounts due from related parties; (ii) furniture and equipment, net; and (iii) other assets that are not ( 2 Goodwill and intangible assets are allocated to the Capital Markets and Asset Management business segments as indicated in the tables above. Geographic Information The Company conducts its business activities through offices in the following locations: ( 1 2 GEOGRAPHIC DATA (Dollars in Thousands) Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Total Revenues: United States $ 21,533 $ 8,278 $ 29,352 $ 6,749 Europe 1,039 876 2,044 1,723 Total $ 22,572 $ 9,154 $ 31,396 $ 8,472  Long-lived assets attributable to an individual country, other than the United States, are not 

Note 23 - Supplemental Cash Flo

Note 23 - Supplemental Cash Flow Disclosure	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Cash Flow, Supplemental Disclosures [Text Block]	23 . SUPPLEMENTAL CASH FLOW DISCLOSURE Interest paid by the Company on its debt and redeemable financial instruments was $2,723 and $2,437 for the six June 30, 2023 2022 The Company paid income taxes of $482 and $279 for the six June 30, 2023 2022 $0 six June 30, 2023 2022 For the six June 30, 2023 not ● In conjunction with the consolidation of the SPAC Fund, the Company recorded an increase in receivables from brokers, dealers, and clearing agencies of $68,066, an increase in other investments, at fair value of $40,388, an increase in other assets of $63, an increase in accounts payable of $82,711, and an increase in other investments sold, not 4. ● The Company net received units of membership interest in the Operating LLC. The Company recognized a net increase in additional paid-in capital of $612, a net decrease in AOCI of $13, and a decrease in non-controlling interest of $599. See note 17. ● The Company received equity shares in a public company in exchange for advisory services. The fair market value of the shares received was $492. The Company included this in new issue and advisory revenue in the statement of operations. ● The Company recorded a decreases in equity method affiliates of $362 and an increase in other investments, at fair value of $362 resulting from an in-kind distribution from equity method affiliates. For the six June 30, 2022 not ● The Company net received units of membership interest in the Operating LLC. The Company recognized a net decrease in additional paid-in capital of $381, a net increase in AOCI of $5, and an increase in non-controlling interest of $376. See note 17. ● 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's election to convert the 2017 ● The Company recorded a decrease of $19,357 in equity method affiliates and an increase in other investments, at fair value of $19,357 resulting from an in-kind distribution from equity method affiliates. ● The Company recorded a decrease in other investments, at fair value of $3,885 and a corresponding decrease in non-controlling interest resulting from an in-kind distribution from a SPAC sponsor entity. ● The Company recorded an increase in other investments, at fair value of $836 and a decrease in other investment, not not

Note 24 - Related Party Transac

Note 24 - Related Party Transactions	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	24 . RELATED PARTY TRANSACTIONS Certain terms in this footnote are defined the Company’s Annual Report on Form 10 December 31, 2022. six June 30, 2023 2022 A. 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.  B. 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, 2017 2017 2017 16.  C. 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.  D. Cohen Circle, LLC ("Cohen Circle"), formerly FinTech Masala, LLC The Company engaged Betsy Cohen, as an agent of Cohen Circle, as a consultant to provide certain services related to Insurance SPAC III. The Company agreed to pay a consultant fee of $1 per month, which commenced on December 1, 2020 December 2022. November 2022. The Company has a sublease agreement as sub-lessor for certain office space with Cohen Circle. The Company received payments under this sublease agreement, which payments are recorded as a reduction in rent and utility expenses. This sublease agreement commenced on August 1, 2018 one not 90  E. Investment Vehicle and Other  Stoa USA Inc. / FlipOS ("FlipOS") FlipOS is a related party because Daniel G. Cohen is a member of the board of directors of FlipOS. As of June 30, 2023 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 III Insurance SPAC III was considered a related party because it was an equity method investment of the Company. The Operating LLC was the manager of the Insurance SPAC III Sponsor Entities and the Company consolidated the Insurance SPAC III Sponsor Entities. On November 18, 2022, not December 22, 2022. November 18, 2022, December 17, 2020, first 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. IAS III and its affiliates, including the Operating LLC, 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 prior to November 18, 2022. no not 2022. SPAC Fund  The SPAC Fund was considered a related party because it was an equity method investment of the Company prior to its consolidation effective April 1, 2023 ( 4  U.S. Insurance JV  U.S. Insurance JV is considered a related party because it is an equity method investment of the Company. The Company has an investment in and a management contract with the U.S. Insurance JV. Income earned or loss incurred on the investment is included as part of principal transactions and other income in the tables below. Revenue earned on the management contract is included as part of asset management and is shown in the tables below. As of June 30, 2023 ed 1.87% o CREO JV CREO 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 CREO JV. Income earned or loss incurred on the investment are included as part of principal transactions and other in come in the tables below. As of June 30, 2023 , 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. V ("FTAC V") was a SPAC. The sponsor of FTAC V ("FTAC V Sponsor") was a related party as it was 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") was a SPAC. The sponsor of FTAC VI ("FTAC VI Sponsor") was a related party as it is was an equity method investment of the Company. On June 26, 2021, not 24 FTAC Athena Acquisition Corp. ("FTAC Athena") was a SPAC. The sponsor of FTAC Athena ("FTAC Athena Sponsor") was a related party as it was an equity method investment of the Company. On February 26, 2021, not 24 FTAC Hera Acquisition Corp. ("FTAC Hera") was a SPAC. The sponsor of FTAC Hera ("FTAC Hera Sponsor") was a related party as it was an equity method investment of the Company. On March 5, 2021, not 24 FTAC Parnassus Acquisition Corp. ("FTAC Parnassus") was a SPAC. The sponsor of FTAC Parnassus ("FTAC Parnassus Sponsor") was a related party as it was an equity method investment of the Company. On March 15, 2021, not 24 FTAC Zeus Acquisition Corp. ("FTAC Zeus") is a SPAC. The sponsor of FTAC Zeus ("FTAC Zeus Sponsor") 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 sponsor of FTAC Emerald ("FTAC Emerald Sponsor") is a related party as it is an equity method investment of the Company. On December 20, 2021, not 24 As of June 30, 2023, no Other The Company invests in sponsor entities of SPACs, either directly or through its interest in the SPAC Series Funds, that are not June 30, 2023 The following tables display the routine transactions recognized in the consolidated statements of operations from the identified related parties that are described above. Three Months Ended Six Months Ended June 30, 2023 June 30, 2022 June 30, 2023 June 30, 2022 Asset management SPAC Fund $ - $ 261 $ 173 $ 543 U.S. Insurance JV 317 269 561 535 $ 317 $ 530 $ 734 $ 1,078 Principal transactions and other income Insurance SPAC III $ - $ 60 $ - $ 120 Stoa USA Inc./FlipOS - 4,504 - 4,196 Other SPAC Entities 10 35 25 60 SPAC Fund - (8 ) 28 (63 ) U.S. Insurance JV 185 (190 ) 288 (110 ) CREO JV 158 37 507 117 $ 353 $ 4,438 $ 848 $ 4,320 Income (loss) from equity method affiliates Dutch Real Estate Entities $ 69 $ (257 ) $ 211 $ (265 ) Insurance SPAC III - (366 ) - (955 ) Other SPAC Entities (580 ) (2,421 ) (1,117 ) (13,928 ) $ (511 ) $ (3,044 ) $ (906 ) $ (15,148 ) Operating expense (income) Duane Morris $ 61 $ 153 $ 236 $ 295 Cohen Circle (25 ) (22 ) (51 ) (43 ) $ 36 $ 131 $ 185 $ 252 Interest expense (income) DGC Trust $ - $ - $ - $ 327 JKD Investor 196 290 514 561 $ 196 $ 290 $ 514 $ 888  The following related party transactions are not F. 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 $110 three six June 30, 2023 were $103 and $204 three six June 30, 2022 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 on June 20, 2022. three six June 30, 2022,

Note 25 - Due From Due to Relat

Note 25 - Due From Due to Related Parties	6 Months Ended
	Jun. 30, 2023
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 RELATED PARTIES (Dollars in Thousands) June 30, 2023 December 31, 2022 U.S. Insurance JV $ 317 $ 261 SPAC Fund - other receivable 208 294 Employee & other 194 232 Due from related parties $ 719 $ 787  On February 1, 2023, January 31, 2023, 2020 On February 1, 2023, January 31, 2023, 2020

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Adoption of New Accounting Standards [Policy Text Block]	A. Adoption of New Accounting Standards In March 2020, 2020 04 , Reference Rate Reform (Topic 848 January 2021 2021 01, Reference Rate Reform (Topic 848 December 31, 2022. December 2022, 2022 06 Topic 848 December 31, 2022 December 31, 2024. 2020 04 2021 01, March 12, 2020, not 20. 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   In March 2022, 2022 02, Financial Instruments—Credit Losses (Topic 326 2022 02, January 1, 2023, 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 June 2022, 2022 03, Fair Value Measurement (Topic 820 not not December 15, 2023. may In March 2023, 2023 02, Investments—Equity Method and Joint Ventures (Topic 323 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 Receivables under resale agreements 2 Trading securities sold, not third not Other investments sold, not not Securities sold under agreements to repurchase 2 Redeemable financial instruments 3 Debt June 30, 2023 December 31, 2022 pany’s de bt was estimated to be and , respectively. The estim ated f 3 Derivatives may not not third  

Note 4 - Other Recent Busines_2

Note 4 - Other Recent Business Transactions or Events (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Investment Holdings, Schedule of Investments [Table Text Block]	Asset/(Liability) Cash and cash equivalents $ 257 Receivables from brokers, dealers, and clearing agencies 68,066 Other investments, at fair value 40,388 Other assets 108 Accounts payable and other liabilities (82,968 ) Other investments sold, not yet purchased (25,806 ) GP's remaining investment in SPAC Fund $ 45

Note 5 - Net Trading (Tables)

Note 5 - Net Trading (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Net Trading [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Net realized gains (losses) - trading inventory $ 3,267 $ 5,112 $ 10,717 $ 9,727 Net unrealized gains (losses) - trading inventory 632 (2,927 ) (2,274 ) (6,190 ) Net gains and losses 3,899 2,185 8,443 3,537 Interest income- trading inventory 918 745 1,653 1,836 Interest income-reverse repos 6,402 12,303 12,532 28,002 Interest income 7,320 13,048 14,185 29,838 Interest expense-repos (5,630 ) (7,561 ) (11,085 ) (15,223 ) Interest expense-margin payable (1,416 ) (415 ) (2,866 ) (608 ) Interest expense (7,046 ) (7,976 ) (13,951 ) (15,831 ) Other trading revenue 3,243 3,120 6,949 4,855 Net trading $ 7,416 $ 10,377 $ 15,626 $ 22,399

Note 6 - Receivables from and_2

Note 6 - Receivables from and Payables to Brokers, Dealers, and Clearing Agencies (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Due to (from) Broker-Dealer and Clearing Organization [Table Text Block]	June 30, 2023 December 31, 2022 Deposits with clearing agencies $ 250 $ 250 Unsettled regular way trades, net 5,098 - Receivables from clearing agencies 102,672 140,683 Receivables from brokers, dealers, and clearing agencies $ 108,020 $ 140,933 June 30, 2023 December 31, 2022 Unsettled regular way trades, net $ - $ 3,238 Margin payable 127,627 131,747 Payables to brokers, dealers, and clearing agencies $ 127,627 $ 134,985

Note 7 - Financial Instruments

Note 7 - Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Debt Securities, Trading, and Equity Securities, FV-NI [Table Text Block]	June 30, 2023 December 31, 2022 ABS $ 1 $ 1 Corporate bonds and redeemable preferred stock 52,546 44,572 Derivatives 3,616 4,669 Equity securities 760 220 Municipal bonds 7,536 19,502 Residential mortgage loans 3,259 13,506 RMBS 8 7 U.S. government agency debt securities 20,148 19,683 U.S. government agency MBS and CMOs 98,222 97,276 U.S. Treasury securities 6,709 12,392 Investments-trading $ 192,805 $ 211,828
Security Sold Short [Table Text Block]	June 30, 2023 December 31, 2022 Corporate bonds and redeemable preferred stock $ 52,694 $ 61,310 Derivatives 3,771 1,177 Equity securities 198 51 U.S. government agency debt securities 5 32 U.S. government agency MBS and CMOs 5 1 U.S. Treasury securities 41,444 71,386 Trading securities sold, not yet purchased $ 98,117 $ 133,957 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 for realized and unrealized gains recognized on investments-trading. June 30, 2023 December 31, 2022 Equity securities $ 66 $ 78 Share forward liabilities 28,540 - Other investments sold, not yet purchased, at fair value $ 28,606 $ 78
Schedule of Other Investments at Fair Value [Table Text Block]	June 30, 2023 December 31, 2022 Equity securities $ 36,185 $ 13,725 Equity derivatives 1,367 - Restricted equity securities 3,405 3,135 Corporate bonds and redeemable preferred stock 476 476 Fair value receivables 6,759 - CREO JV 5,474 6,568 U.S. Insurance JV 3,073 3,459 SPAC Fund - 527 Residential mortgage loans 129 132 Other investments, at fair value $ 56,868 $ 28,022 As of June 30, 2023, $ 27,755 1,127 3,719 1,367 A total o f $ 1,464 1,673

Note 8 - Fair Value Disclosur_2

Note 8 - Fair Value Disclosures (Tables)	6 Months Ended
	Jun. 30, 2023
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: ABS $ 1 $ - $ 1 $ - Corporate bonds and redeemable preferred stock 52,546 - 52,546 - Derivatives 3,616 - 3,616 - Equity securities 760 760 - - Municipal bonds 7,536 - 7,536 - Residential mortgage loans 3,259 - 3,259 - RMBS 8 - 8 - U.S. government agency debt securities 20,148 - 20,148 - U.S. government agency MBS and CMOs 98,222 - 98,222 - U.S. Treasury securities 6,709 6,709 - - Total investments - trading $ 192,805 $ 7,469 $ 185,336 $ - Other investments, at fair value: Equity securities $ 36,185 $ 36,185 $ - $ - Equity derivatives 1,367 - 1,367 - Restricted equity securities 3,405 - 3,405 - Corporate bonds and redeemable preferred stock 476 - 476 - Fair value receivables 6,759 - 6,759 - Residential mortgage loans 129 - 129 - 48,321 $ 36,185 $ 12,136 $ - Investments measured at NAV (1) 8,547 Total other investments, at fair value $ 56,868 Liabilities Trading securities sold, not yet purchased: Corporate bonds and redeemable preferred stock $ 52,694 $ - $ 52,694 $ - Derivatives 3,771 - 3,771 - Equity securities 198 198 - - U.S. government agency debt securities 5 - 5 - U.S. government agency MBS and CMOs 5 - 5 - U.S. Treasury securities 41,444 41,444 - - Total trading securities sold, not yet purchased $ 98,117 $ 41,642 $ 56,475 $ -  Other investments, sold not yet purchased: Equity securities $ 66 $ 66 $ - $ - Share forward liabilities 28,540 - 28,540 - Total other investments sold, not yet purchased $ 28,606 $ 66 $ 28,540 $ - Significant Significant Quoted Prices in Observable Unobservable Active Markets Inputs Inputs Assets Fair Value (Level 1) (Level 2) (Level 3) Investments-trading: ABS $ 1 $ - $ 1 $ - Corporate bonds and redeemable preferred stock 44,572 - 44,572 - Derivatives 4,669 - 4,669 - Equity securities 220 220 - - Municipal bonds 19,502 - 19,502 - Residential mortgage loans 13,506 - 13,506 - RMBS 7 - 7 - U.S. government agency debt securities 19,683 - 19,683 - U.S. government agency MBS and CMOs 97,276 - 97,276 - U.S. Treasury securities 12,392 12,392 - - Total investments - trading $ 211,828 $ 12,612 $ 199,216 $ - Other investments, at fair value: Equity Securities $ 13,725 $ 13,725 $ - $ - Restricted Equity Securities 3,135 - 3,135 - Corporate bonds and redeemable preferred stock 476 - 476 - Residential mortgage loans 132 - 132 - 17,468 $ 13,725 $ 3,743 $ - Investments measured at NAV (1) 10,554 Total other investments, at fair value $ 28,022 Liabilities Trading securities sold, not yet purchased: Corporate bonds and redeemable preferred stock $ 61,310 $ - $ 61,310 $ - Derivatives 1,177 - 1,177 - Equity securities 51 51 - - U.S. Government Agency debt 32 - 32 - U.S. government agency MBS and CMOs 1 - 1 - U.S. Treasury securities 71,386 71,386 - - Total trading securities sold, not yet purchased $ 133,957 $ 71,437 $ 62,520 $ -  Other investments, sold not yet purchased: Equity securities $ 78 $ 78 $ - $ - Total other investments sold, not yet purchased $ 78 $ 78 $ - $ -
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Table Text Block]	Fair Value June 30, 2023 Unfunded Commitments Redemption Frequency Redemption Notice Period Other investments, at fair value CREO JV (a) $ 5,474 $ 10,065 N/A N/A U.S. Insurance JV (b) 3,073 N/A N/A N/A $ 8,547 Fair Value December 31, 2022 Unfunded Commitments Redemption Frequency Redemption Notice Period Other investments, at fair value CREO JV (a) $ 6,568 $ 8,464 N/A N/A U.S. Insurance JV (b) 3,459 N/A N/A N/A SPAC Fund (c) 527 N/A Quarterly after 1 year lock up 30 days $ 10,554

Note 9 - Derivative Financial_2

Note 9 - Derivative Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Derivatives Not Designated as Hedging Instruments [Table Text Block]	Derivative Financial Instruments Not Designated as Hedging Instruments Under FASB ASC 815 Balance Sheet Classification June 30, 2023 December 31, 2022 TBAs and other forward agency MBS Investments-trading $ 3,616 $ 4,669 TBAs and other forward agency MBS Trading securities sold, not yet purchased (3,771 ) (1,177 ) Equity derivatives Other investments, at fair value 1,367 - Share forward liabilities Other investments sold, not yet purchased, at fair value 28,540 - $ 29,752 $ 3,492
Derivative Instruments, Gain (Loss) [Table Text Block]	Three Months Ended June 30, Derivative Financial Instruments Not Designated as Hedging Instruments Under FASB ASC 815 Income Statement Classification 2023 2022 TBAs and other forward agency MBS Revenue-net trading $ 1,531 $ 2,960 Equity derivatives Principal transactions and other income (loss) 788 - Share forward liabilities Principal transactions and other income (loss) 23,039 - $ 25,358 $ 2,960 Six Months Ended June 30, Derivative Financial Instruments Not Designated as Hedging Instruments Under FASB ASC 815 Income Statement Classification 2023 2022 TBAs and other forward agency MBS Revenue-net trading $ 1,922 $ 5,598 Equity derivatives Principal transactions and other income (loss) 788 - Share forward liabilities Principal transactions and other income (loss) 23,039 - $ 25,749 $ 5,598
Share Forward Arrangements [Table Text Block]	June 30, 2023 December 31, 2022 Equity securities $ 27,755 $ - Equity derivatives 1,367 - Restricted equity securities 1,127 - Fair value receivables 3,719 - Share forward liabilities (28,540 ) - Net fair value of share forward arrangements $ 5,428 $ -

Note 10 - Collateralized Secu_2

Note 10 - Collateralized Securities Transactions (Tables)	6 Months Ended
	Jun. 30, 2023
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) $ - $ 457,351 $ - $ - $ 457,351 $ - $ 457,351 $ - $ - $ 457,351 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) $ - $ 457,528 $ - $ - $ 457,528 $ - $ 457,528 $ - $ - $ 457,528 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) $ - $ 452,797 $ - $ - $ 452,797 $ - $ 452,797 $ - $ - $ 452,797 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) $ - $ 437,692 $ - $ - $ 437,692 $ - $ 437,692 $ - $ - $ 437,692

Note 11 - Investments in Equi_2

Note 11 - Investments in Equity Method Affiliates (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Equity Method Investments [Table Text Block]	INSU Acquisition Corp. III Dutch Real Estate Entities SPAC Sponsor Entities and Other Total January 1, 2023 $ - $ 5,530 $ 3,399 $ 8,929 Investments / advances - - 1,124 1,124 Distributions / repayments - - (3 ) (3 ) Reclasses to (from) - - (362 ) (362 ) Earnings / (loss) recognized - 212 (1,118 ) (906 ) June 30, 2023 $ - $ 5,742 $ 3,040 $ 8,782 INSU Acquisition Corp. III Dutch Real Estate Entities SPAC Sponsor Entities and Other Total January 1, 2022 $ 4,543 $ 5,600 $ 38,095 $ 48,238 Investments / advances 1,355 - 1,259 2,614 Distributions / repayments - - (77 ) (77 ) Reclasses to (from) - - (20,915 ) (20,915 ) Earnings / (loss) recognized (5,898 ) (70 ) (14,963 ) (20,931 ) December 31, 2022 $ - $ 5,530 $ 3,399 $ 8,929

Note 12 - Leases (Tables)

Note 12 - Leases (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block]	June 30, 2023 2023 - remaining $ 1,364 2024 2,174 2025 1,797 2026 1,509 2027 1,517 Thereafter 2,253 Total 10,614 Less imputed interest (1,249 ) Lease obligation $ 9,365

Note 13 - Other Receivables, _2

Note 13 - Other Receivables, Other Assets, Accounts Payable and Other Liabilities (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	June 30, 2023 December 31, 2022 Asset management fees receivable $ 1,035 $ 936 New issue fee receivable 1,120 167 Cash collateral due from counterparties 432 4,301 Accrued interest receivable and dividend receivable 1,768 2,561 Revenue share receivable 240 138 Agency repo income receivable 429 806 Miscellaneous other receivables 710 618 Other receivables $ 5,734 $ 9,527
Schedule of Other Assets [Table Text Block]	June 30, 2023 December 31, 2022 Deferred costs $ 76 $ 133 Prepaid expenses 1,475 1,325 Prepaid taxes 885 - Deposits 453 450 Furniture, equipment, and leasehold improvements, net 1,397 1,472 Intangible assets 166 166 Other assets $ 4,452 $ 3,546
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]	June 30, 2023 December 31, 2022 Accounts payable $ 1,210 $ 891 Redeemable financial instruments accrued interest 83 - Accrued income tax - 70 Accrued interest payable 482 452 Accrued interest on securities sold, not yet purchased 1,104 1,561 Payroll taxes payable 894 1,565 Counterparty cash collateral 147 4,301 Accrued expense and other liabilities 4,593 2,599 Accounts payable and other liabilities $ 8,513 $ 11,439

Note 14 - Variable Interest E_2

Note 14 - Variable Interest Entities (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Summary of Consolidated Variable Interest Entities [Table Text Block]	June 30, 2023 December 31, 2022 Cash and cash equivalents $ 5,014 $ 19 Due from broker 3,271 - Other investments, at fair value 31,178 - Investment in equity method affiliates 43 23 Non-controlling interest (6,654 ) (15 ) Investment in consolidated VIEs $ 32,852 $ 27
Schedule of Variable Interest Entities [Table Text Block]	June 30, 2023 December 31, 2022 Other investments, at fair value $ 8,547 $ 10,554 Investments in equity method affiliates 3,040 3,376 Maximum exposure $ 11,587 $ 13,930

Note 15 - Redeemable Financia_2

Note 15 - Redeemable Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Redeemable Financial Instruments [Table Text Block]	June 30, 2023 December 31, 2022 JKD Capital Partners I LTD $ 7,868 $ 7,868 $ 7,868 $ 7,868

Note 16 - Debt (Tables)

Note 16 - Debt (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Debt [Table Text Block]	As of As of Interest Description June 30, 2023 December 31, 2022 Rate Terms Interest (2) Maturity Non-convertible debt: 10.00% senior note (the "2020 Senior Notes") $ 4,500 $ 4,500 Fixed 10.00% January 2024 Junior subordinated notes: (1) Alesco Capital Trust I 28,125 28,125 Variable 9.30% July 2037 Sunset Financial Statutory Trust I 20,000 20,000 Variable 9.31% March 2035 Less unamortized discount (23,301 ) (23,601 ) 24,824 24,524 Byline Bank - - Variable NA December 2023 Total $ 29,324 $ 29,024
Schedule Of Interest Expense By Debt Instrument [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Junior subordinated notes $ 1,276 $ 756 $ 2,485 $ 1,413 2020 Senior Notes 112 112 223 231 2017 Convertible Note - - - 327 Byline Bank 158 62 223 134 Redeemable Financial Instrument - JKD Capital Partners I LTD 84 176 291 352 $ 1,630 $ 1,106 $ 3,222 $ 2,457

Note 17 - Equity (Tables)

Note 17 - Equity (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule Of Unrestricted Common Stock And Restricted Common Stock Activity [Table Text Block]	Common Stock Shares December 31, 2022 1,433,283 Vesting of shares 108,901 Shares withheld for employee taxes and retired (20,328 ) June 30, 2023 1,521,856
Units Received Pursuant To Agreement [Table Text Block]	Six Months Ended June 30, 2023 Other units related to UIS Agreement 885,730 Total 885,730
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Table Text Block]	For the Six Months Ended June 30, 2023 2022 Net income / (loss) attributable to Cohen & Company Inc. $ (9,238 ) $ (9,469 ) 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 612 (381 ) Changes from net income / (loss) attributable to Cohen & Company Inc. and transfers (to) from the non-controlling interest $ (8,626 ) $ (9,850 )
Non-controlling Interest, Changes in Ownership Activity [Table Text Block]	Operating LLC Other Consolidated Subsidiaries Total December 31, 2022 $ 47,270 $ 17 $ 47,287 Non-controlling interest share of income (loss) (8,108 ) 6,600 (1,508 ) Other comprehensive income (loss) 42 - 42 Acquisition / (surrender) of additional units of consolidated subsidiary (599 ) - (599 ) Equity-based compensation 1,593 - 1,593 Shares withheld for employee taxes (127 ) - (127 ) Investment in non-convertible non-controlling interest of Operating LLC - 39 39 Distributions to convertible non-controlling interest of Cohen & Company Inc. (2,266 ) - (2,266 ) Redemption of convertible non-controlling interest units (834 ) - (834 ) June 30, 2023 $ 36,971 $ 6,656 $ 43,627

Note 18 - Income Taxes (Tables)

Note 18 - Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	For the Six Months Ended June 30, 2023 2022 Change Current $ (469 ) $ 411 $ 880 Deferred 6,603 1,362 (5,241 ) Total $ 6,134 $ 1,773 $ (4,361 )

Note 20 - Earnings (Loss) Per_2

Note 20 - Earnings (Loss) Per Common Share (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Net income / (loss) attributable to Cohen & Company Inc. $ (6,601 ) $ (1,857 ) $ (9,238 ) $ (9,469 ) Add: Net income (loss) attributable to the convertible non-controlling interest of Cohen & Company Inc. - (6,228 ) - - Add / (deduct): Adjustment (2) - (172 ) - - Net income / (loss) on a fully converted basis $ (6,601 ) $ (8,257 ) $ (9,238 ) $ (9,469 ) Weighted average common shares outstanding - Basic 1,520,122 1,428,237 1,504,819 1,411,596 Unrestricted Operating LLC Units exchangeable into Cohen & Company Inc. shares (1) - 3,965,405 - - Restricted units or shares - - - - Weighted average common shares outstanding - Diluted (3) 1,520,122 5,393,642 1,504,819 1,411,596 Net income / (loss) per common share - Basic $ (4.34 ) $ (1.30 ) $ (6.14 ) $ (6.71 ) Net income / (loss) per common share - Diluted $ (4.34 ) $ (1.53 ) $ (6.14 ) $ (6.71 )
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Unrestricted LLC Units exchangeable into Cohen & Company Inc. shares 4,014,250 - 4,006,109 3,504,604 2017 Convertible Note Units - - - 448,276 Restricted Common Stock 455 5,554 7,534 12,394 Restricted Operating LLC Units - 1,653 1,268 5,149 4,014,705 7,207 4,014,911 3,970,423

Note 22 - Segment and Geograp_2

Note 22 - Segment and Geographic Information (Tables)	6 Months Ended
	Jun. 30, 2023
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 $ 15,626 $ - $ - $ 15,626 $ - $ 15,626 Asset management - 3,630 - 3,630 - 3,630 New issue and advisory 2,295 - - 2,295 - 2,295 Principal transactions and other income 1 472 9,372 9,845 - 9,845 Total revenues 17,922 4,102 9,372 31,396 - 31,396 Compensation 13,614 2,612 701 16,927 3,611 20,538 Other Operating Expense 7,269 1,216 338 8,823 2,519 11,342 Total operating expenses 20,883 3,828 1,039 25,750 6,130 31,880 Operating income (loss) (2,961 ) 274 8,333 5,646 (6,130 ) (484 ) Interest income (expense) (223 ) - - (223 ) (2,999 ) (3,222 ) Income (loss) from equity method affiliates - - (906 ) (906 ) - (906 ) Income (loss) before income taxes (3,184 ) 274 7,427 4,517 (9,129 ) (4,612 ) Income tax expense (benefit) - - - - 6,134 6,134 Net income (loss) (3,184 ) 274 7,427 4,517 (15,263 ) (10,746 ) Less: Net income (loss) attributable to the non-convertible non-controlling interest of the Operating LLC - 17 6,583 6,600 - 6,600 Enterprise net income (loss) (3,184 ) 257 844 (2,083 ) (15,263 ) (17,346 ) Less: Net income (loss) attributable to the convertible non-controlling interest of Cohen & Company Inc. - - - - (8,108 ) (8,108 ) Net income (loss) attributable to Cohen & Company Inc. $ (3,184 ) $ 257 $ 844 $ (2,083 ) $ (7,155 ) $ (9,238 ) Other statement of operations data Depreciation and amortization (included in total operating expense) $ - $ 3 $ - $ 3 $ 290 $ 293 Capital Asset Principal Segment Unallocated Markets Management Investing Total (1 ) Total Net trading $ 22,399 $ - $ - $ 22,399 $ - $ 22,399 Asset management - 3,787 - 3,787 - 3,787 New issue and advisory 7,251 - - 7,251 - 7,251 Principal transactions and other income 1 343 (25,309 ) (24,965 ) - (24,965 ) Total revenues 29,651 4,130 (25,309 ) 8,472 - 8,472 Compensation 17,687 2,853 410 20,950 5,143 26,093 Other Operating Expense 6,677 953 348 7,978 2,441 10,419 Total operating expenses 24,364 3,806 758 28,928 7,584 36,512 Operating income (loss) 5,287 324 (26,067 ) (20,456 ) (7,584 ) (28,040 ) Interest (expense) income (134 ) - - (134 ) (2,323 ) (2,457 ) Income (loss) from equity method affiliates - - (15,148 ) (15,148 ) - (15,148 ) Income (loss) before income taxes 5,153 324 (41,215 ) (35,738 ) (9,907 ) (45,645 ) Income tax expense (benefit) - - - - 1,773 1,773 Net income (loss) 5,153 324 (41,215 ) (35,738 ) (11,680 ) (47,418 ) Less: Net income (loss) attributable to the non-convertible non-controlling interest of the Operating LLC - - (18,871 ) (18,871 ) - (18,871 ) Enterprise net income (loss) 5,153 324 (22,344 ) (16,867 ) (11,680 ) (28,547 ) Less: Net income (loss) attributable to the convertible non-controlling interest of Cohen & Company Inc. - - - - (19,078 ) (19,078 ) Net income (loss) attributable to Cohen & Company Inc. $ 5,153 $ 324 $ (22,344 ) $ (16,867 ) $ 7,398 $ (9,469 ) Other statement of operations data Depreciation and amortization (included in total operating expense) $ - $ 2 $ - $ 2 $ 273 $ 275 Capital Asset Principal Segment Unallocated Markets Management Investing Total (1) Total Net trading $ 7,416 $ - $ - $ 7,416 $ - $ 7,416 Asset management - 1,605 - 1,605 - 1,605 New issue and advisory 1,395 - - 1,395 - 1,395 Principal transactions and other income - 232 11,924 12,156 - 12,156 Total revenues 8,811 1,837 11,924 22,572 - 22,572 Compensation 6,668 1,181 466 8,315 1,686 10,001 Other Operating Expense 3,620 648 121 4,389 1,183 5,572 Total operating expenses 10,288 1,829 587 12,704 2,869 15,573 Operating income (loss) (1,477 ) 8 11,337 9,868 (2,869 ) 6,999 Interest income (expense) (157 ) - - (157 ) (1,473 ) (1,630 ) Income (loss) from equity method affiliates - - (511 ) (511 ) - (511 ) Other non-operating income - - - - - - Income (loss) before income taxes (1,634 ) 8 10,826 9,200 (4,342 ) 4,858 Income tax expense (benefit) - - - - 5,550 5,550 Net income (loss) (1,634 ) 8 10,826 9,200 (9,892 ) (692 ) Less: Net income (loss) attributable to the non-convertible non-controlling interest of the Operating LLC - (97 ) 6,600 6,503 6,503 Enterprise net income (loss) (1,634 ) 105 4,226 2,697 (9,892 ) (7,195 ) Less: Net income (loss) attributable to the convertible non-controlling interest of Cohen & Company Inc. - - - - (594 ) (594 ) Net income (loss) attributable to Cohen & Company Inc. $ (1,634 ) $ 105 $ 4,226 $ 2,697 $ (9,298 ) $ (6,601 ) Other statement of operations data Depreciation and amortization (included in total operating expense) $ - $ 2 $ - $ 2 $ 147 $ 149 Capital Asset Principal Segment Unallocated Markets Management Investing Total (1) Total Net trading $ 10,377 $ - $ - $ 10,377 $ - $ 10,377 Asset management - 1,898 - 1,898 - 1,898 New issue and advisory 3,481 - - 3,481 - 3,481 Principal transactions and other income 2 229 (6,833 ) (6,602 ) - (6,602 ) Total revenues 13,860 2,127 (6,833 ) 9,154 - 9,154 Compensation 7,825 1,402 216 9,443 2,771 12,214 Other Operating Expense 3,243 584 199 4,026 1,076 5,102 Total operating expenses 11,068 1,986 415 13,469 3,847 17,316 Operating income (loss) 2,792 141 (7,248 ) (4,315 ) (3,847 ) (8,162 ) Interest (expense) income (62 ) - - (62 ) (1,044 ) (1,106 ) Income (loss) from equity method affiliates - - (3,044 ) (3,044 ) - (3,044 ) Income (loss) before income taxes 2,730 141 (10,292 ) (7,421 ) (4,891 ) (12,312 ) Income tax expense (benefit) - - - - (60 ) (60 ) Net income (loss) 2,730 141 (10,292 ) (7,421 ) (4,831 ) (12,252 ) Less: Net income (loss) attributable to the non-convertible non-controlling interest of the Operating LLC - - (4,167 ) (4,167 ) - (4,167 ) Enterprise net income (loss) 2,730 141 (6,125 ) (3,254 ) (4,831 ) (8,085 ) Less: Net income (loss) attributable to the convertible non-controlling interest of Cohen & Company Inc. - - - - (6,228 ) (6,228 ) Net income (loss) attributable to Cohen & Company Inc. $ 2,730 $ 141 $ (6,125 ) $ (3,254 ) $ 1,397 $ (1,857 ) Other statement of operations data Depreciation and amortization (included in total operating expense) $ - $ 1 $ - $ 1 $ 142 $ 143
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	Capital Asset Principal Segment Unallocated Markets Management Investing Total (1) Total Total Assets $ 764,029 $ 3,919 $ 74,036 $ 841,984 $ 14,142 $ 856,126 Included within total assets: Investments in equity method affiliates $ - $ - $ 8,782 $ 8,782 $ - $ 8,782 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 $ 820,238 $ 5,679 $ 36,969 $ 862,886 $ 24,169 $ 887,055 Included within total assets: Investments in equity method affiliates $ - $ - $ 8,929 $ 8,929 $ - $ 8,929 Goodwill (2) $ 54 $ 55 $ - $ 109 $ - $ 109 Intangible assets (2) $ 166 $ - $ - $ 166 $ - $ 166
Revenue from External Customers by Geographic Areas [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Total Revenues: United States $ 21,533 $ 8,278 $ 29,352 $ 6,749 Europe 1,039 876 2,044 1,723 Total $ 22,572 $ 9,154 $ 31,396 $ 8,472

Note 24 - Related Party Trans_2

Note 24 - Related Party Transactions (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Related Party Transactions [Table Text Block]	Three Months Ended Six Months Ended June 30, 2023 June 30, 2022 June 30, 2023 June 30, 2022 Asset management SPAC Fund $ - $ 261 $ 173 $ 543 U.S. Insurance JV 317 269 561 535 $ 317 $ 530 $ 734 $ 1,078 Principal transactions and other income Insurance SPAC III $ - $ 60 $ - $ 120 Stoa USA Inc./FlipOS - 4,504 - 4,196 Other SPAC Entities 10 35 25 60 SPAC Fund - (8 ) 28 (63 ) U.S. Insurance JV 185 (190 ) 288 (110 ) CREO JV 158 37 507 117 $ 353 $ 4,438 $ 848 $ 4,320 Income (loss) from equity method affiliates Dutch Real Estate Entities $ 69 $ (257 ) $ 211 $ (265 ) Insurance SPAC III - (366 ) - (955 ) Other SPAC Entities (580 ) (2,421 ) (1,117 ) (13,928 ) $ (511 ) $ (3,044 ) $ (906 ) $ (15,148 ) Operating expense (income) Duane Morris $ 61 $ 153 $ 236 $ 295 Cohen Circle (25 ) (22 ) (51 ) (43 ) $ 36 $ 131 $ 185 $ 252 Interest expense (income) DGC Trust $ - $ - $ - $ 327 JKD Investor 196 290 514 561 $ 196 $ 290 $ 514 $ 888

Note 25 - Due From Due to Rel_2

Note 25 - Due From Due to Related Parties (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule Of Due From Or Due To Related Parties [Table Text Block]	June 30, 2023 December 31, 2022 U.S. Insurance JV $ 317 $ 261 SPAC Fund - other receivable 208 294 Employee & other 194 232 Due from related parties $ 719 $ 787

Note 1 - Organization and Nat_2

Note 1 - Organization and Nature of Operations (Details Textual) $ in Millions	6 Months Ended
	Jun. 30, 2023 USD ($)
Assets under Management, Carrying Amount	$ 2,070
Number of Operating Segments	3
Collateralized Debt Obligations [Member]
Assets under Management, Carrying Amount	$ 1,030

Note 3 - Summary of Significa_2

Note 3 - Summary of Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Debt Instrument, Fair Value Disclosure	$ 35,070	$ 34,679

Note 4 - Other Recent Busines_3

Note 4 - Other Recent Business Transactions or Events (Details Textual) - USD ($) $ / shares in Units, $ in Thousands					2 Months Ended	3 Months Ended			6 Months Ended
	Nov. 18, 2022	Mar. 20, 2022	Jan. 31, 2022	Dec. 22, 2020	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 22, 2020	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Dec. 22, 2022	Apr. 30, 2022	Dec. 31, 2021	Jan. 31, 2020	Mar. 10, 2017
Common Stock, Par or Stated Value Per Share (in dollars per share)						$ 0.01			$ 0.01		$ 0.01
Other Receivables						$ 5,734			$ 5,734		$ 9,527			$ 9,527
Interest Expense						7,046	$ 7,976		13,951	$ 15,831
Equity Method Investments						8,782			8,782		8,929			$ 48,238
Insurance SPAC III Sponsor Entities [Member]
Equity Method Investments											5,896
Equity Method Investment, Nontrolling Interest											4,808
Net Carrying Value of Investment											$ 1,088
Insurance SPAC III Sponsor Entities [Member]
Sale of Stock, Number of Shares Issued in Transaction (in shares)				25,000,000
Payments of Stock Issuance Costs				$ 71
Commitments, Operating and Acquisition Expenses													$ 1,500
Common Stock and Warrants, Redemption Price Per Share (in dollars per share)	$ 10.09											$ 10.09
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
Other Receivables	$ 960
Trust for Benefit of Employees [Member] | Insurance SPAC III Sponsor Entities [Member]
Interest Expense	$ 100
Convertible Note 2017 [Member]
Debt Instrument, Face Amount																$ 15,000
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
Non-convertible Senior Notes [Member] | Non-convertible Senior Notes 10.00% (2020 Senior Notes) [Member]
Debt Instrument, Face Amount															$ 4,500
Non-convertible Senior Notes [Member] | Non-convertible Senior Notes 10.00% (2020 Senior Notes) [Member] | JKD Investor [Member]
Debt Instrument, Face Amount			$ 4,500
Proceeds from Issuance of Long-Term Debt, Total			$ 2,250
Non-convertible Senior Notes [Member] | Non-convertible Senior Notes 10.00% (2020 Senior Notes) [Member] | JDK Investor [Member]
Repayments of Debt					$ 2,250
Non-convertible Senior Notes [Member] | Non-convertible Senior Notes 12.00% (2020 Senior Notes) [Member] | JKD Investor [Member]
Debt Instrument, Interest Rate, Stated Percentage			12%
Accounts Payable and Accrued Liabilities [Member]
Preferred Stock, Redemption Amount						$ 371			$ 371

Note 4 - Other Recent Busines_4

Note 4 - Other Recent Business Transactions Or Events - SPAC Investment (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Apr. 01, 2023	Dec. 31, 2022
Cash and cash equivalents	$ 12,166		$ 29,101
Receivables from brokers, dealers, and clearing agencies	108,020		140,933
Other assets	4,452		3,546
Accounts payable and other liabilities	(8,513)		(11,439)
Other investments sold, not yet purchased	(28,606)		(78)
GP's remaining investment in SPAC Fund	$ 43,627		$ 47,287
SPAC Fund [Member]
Cash and cash equivalents		$ 257
Receivables from brokers, dealers, and clearing agencies		68,066
Other Investments, Total		40,388
Other assets		108
Accounts payable and other liabilities		(82,968)
Other investments sold, not yet purchased		(25,806)
GP's remaining investment in SPAC Fund		$ 45

Note 5 - Net Trading - Net Trad

Note 5 - Net Trading - Net Trading (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Net realized gains (losses) - trading inventory	$ 3,267	$ 5,112	$ 10,717	$ 9,727
Net unrealized gains (losses) - trading inventory	632	(2,927)	(2,274)	(6,190)
Net gains and losses	3,899	2,185	8,443	3,537
Interest income- trading inventory	918	745	1,653	1,836
Interest income-reverse repos	6,402	12,303	12,532	28,002
Interest income	7,320	13,048	14,185	29,838
Interest expense-repos	(5,630)	(7,561)	(11,085)	(15,223)
Interest expense-margin payable	(1,416)	(415)	(2,866)	(608)
Interest expense	(7,046)	(7,976)	(13,951)	(15,831)
Other trading revenue	3,243	3,120	6,949	4,855
Net trading	$ 7,416	$ 10,377	$ 15,626	$ 22,399

Note 6 - Receivables from and_3

Note 6 - Receivables from and Payables to Brokers, Dealers, and Clearing Agencies - Receivables from and Payables to from Brokers, Dealers and Clearing Agencies (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Deposits with clearing agencies	$ 250	$ 250
Unsettled regular way trades, net	5,098	0
Receivables from clearing agencies	102,672	140,683
Receivables from brokers, dealers, and clearing agencies	108,020	140,933
Unsettled regular way trades, net	0	3,238
Margin payable	127,627	131,747
Payables to brokers, dealers, and clearing agencies	$ 127,627	$ 134,985

Note 7 - Financial Instrument_2

Note 7 - Financial Instruments (Details Textual) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Other Investments, Fair Value Disclosure	$ 56,868	$ 28,022
Margin Loan Collateral [Member]
Other Investments, Fair Value Disclosure	1,464	$ 1,673
Share Forward Arrangements [Member]
Equity Securities, FV-NI	27,755
Equity Securities, FV-NI, Restricted	1,127
Accounts Receivable, Fair Value Disclosure	3,719
Derivative Asset	$ 1,367

Note 7 - Financial Instrument_3

Note 7 - Financial Instruments - Investments - Trading (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Investments-trading	$ 192,805	$ 211,828
Corporate Bonds and Redeemable Preferred Stock [Member]
Investments-trading	52,546	44,572
Derivative [Member]
Investments-trading	3,616	4,669
Equity Securities [Member]
Investments-trading	760	220
Municipal Bonds [Member]
Investments-trading	7,536	19,502
Asset-Backed Securities [Member]
Investments-trading	1	1
Residential Mortgage Loans [Member]
Investments-trading	3,259	13,506
Residential Mortgage-Backed Securities [Member]
Investments-trading	8	7
US Government Agencies Debt Securities [Member]
Investments-trading	20,148	19,683
Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member]
Investments-trading	98,222	97,276
US Treasury Securities [Member]
Investments-trading	$ 6,709	$ 12,392

Note 7 - Financial Instrument_4

Note 7 - Financial Instruments - Financial Instruments Sold, Not Yet Purchased (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Trading securities sold, not yet purchased	$ 98,117	$ 133,957
Other investments sold, not yet purchased	28,606	78
US Government Agencies Debt Securities [Member]
Trading securities sold, not yet purchased	5	32
Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member]
Trading securities sold, not yet purchased	5	1
US Treasury Securities [Member]
Trading securities sold, not yet purchased	41,444	71,386
Corporate Bonds and Redeemable Preferred Stock [Member]
Trading securities sold, not yet purchased	52,694	61,310
Equity Securities [Member]
Trading securities sold, not yet purchased	198	51
Other investments sold, not yet purchased	66	78
Derivative [Member]
Trading securities sold, not yet purchased	3,771	1,177
Share Forward Liabilities [Member]
Other investments sold, not yet purchased	$ 28,540	$ 0

Note 7 - Financial Instrument_5

Note 7 - Financial Instruments - Other Investments, at Fair Value (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Other Investments, Fair Value Disclosure	$ 56,868	$ 28,022
Restricted Equity Securities [Member]
Other Investments, Fair Value Disclosure	3,405	3,135
Corporate Bonds and Redeemable Preferred Stock [Member]
Other Investments, Fair Value Disclosure	476	476
Fair Value Receivables [Member]
Other Investments, Fair Value Disclosure	6,759	0
CREO JV [Member]
Other Investments, Fair Value Disclosure	5,474	6,568
U.S. Insurance JV [Member]
Other Investments, Fair Value Disclosure	3,073	3,459
SPAC Fund [Member]
Other Investments, Fair Value Disclosure	0	527
Residential Mortgage [Member]
Other Investments, Fair Value Disclosure	129	132
Equity Securities [Member]
Other Investments, Fair Value Disclosure	36,185	13,725
Equity Derivatives [Member]
Other Investments, Fair Value Disclosure	$ 1,367	$ 0

Note 8 - Fair Value Disclosur_3

Note 8 - Fair Value Disclosures (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Other Investment Sold, Gain (Loss), Fair Value	$ (11,376)	$ (7,019)	$ (13,979)	$ (25,737)
Other Investment Sold, Not yet Purchased, Gain (Loss)	$ 23,046	$ 79	$ 23,051	$ 257

Note 8 - Fair Value Disclosur_4

Note 8 - Fair Value Disclosures - Fair Value Measurements on a Recurring Basis (Details) - USD ($) $ in Thousands		Jun. 30, 2023		Dec. 31, 2022
Investments-trading		$ 192,805		$ 211,828
Total other investments, at fair value		56,868		28,022
Trading securities sold, not yet purchased		98,117		133,957
Other investments, sold not yet purchased		28,606		78
Other investments sold, not yet purchased, at fair value		28,606		78
Corporate Bonds and Redeemable Preferred Stock [Member]
Investments-trading		52,546		44,572
Trading securities sold, not yet purchased		52,694		61,310
Derivative [Member]
Investments-trading		3,616		4,669
Trading securities sold, not yet purchased		3,771		1,177
Equity Securities [Member]
Investments-trading		760		220
Total other investments, at fair value		36,185		13,725
Trading securities sold, not yet purchased		198		51
Other investments, sold not yet purchased		66		78
Other investments sold, not yet purchased, at fair value		66		78
Municipal Bonds [Member]
Investments-trading		7,536		19,502
Equity Derivatives [Member]
Total other investments, at fair value		1,367		0
Share Forward Liabilities [Member]
Other investments, sold not yet purchased		28,540		0
Other investments sold, not yet purchased, at fair value		28,540		0
Fair Value, Recurring [Member]
Investments-trading		192,805		211,828
Total other investments, at fair value		56,868		28,022
Trading securities sold, not yet purchased		98,117		133,957
Other investments, sold not yet purchased		28,606		78
Other investments sold, not yet purchased, at fair value		28,606		78
Fair Value, Recurring [Member] | Corporate Bonds and Redeemable Preferred Stock [Member]
Investments-trading		52,546		44,572
Total other investments, at fair value		476		476
Trading securities sold, not yet purchased		52,694		61,310
Fair Value, Recurring [Member] | Derivative [Member]
Investments-trading		3,616		4,669
Trading securities sold, not yet purchased		3,771		1,177
Fair Value, Recurring [Member] | Equity Securities [Member]
Investments-trading		760		220
Total other investments, at fair value		36,185		13,725
Trading securities sold, not yet purchased		198		51
Other investments, sold not yet purchased		66		78
Other investments sold, not yet purchased, at fair value		66		78
Fair Value, Recurring [Member] | Municipal Bonds [Member]
Investments-trading		7,536		19,502
Fair Value, Recurring [Member] | Equity Derivatives [Member]
Total other investments, at fair value		1,367
Fair Value, Recurring [Member] | Restricted Equity Securities [Member]
Total other investments, at fair value		3,405		3,135
Fair Value, Recurring [Member] | Fair Value Receivables [Member]
Total other investments, at fair value		6,759
Fair Value, Recurring [Member] | Share Forward Liabilities [Member]
Other investments, sold not yet purchased		28,540
Other investments sold, not yet purchased, at fair value		28,540
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Investments-trading		7,469		12,612
Trading securities sold, not yet purchased		41,642		71,437
Other investments, sold not yet purchased		66		78
Other investments sold, not yet purchased, at fair value		66		78
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] | Derivative [Member]
Investments-trading		0		0
Trading securities sold, not yet purchased		0		0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Equity Securities [Member]
Investments-trading		760		220
Total other investments, at fair value		36,185		13,725
Trading securities sold, not yet purchased		198		51
Other investments, sold not yet purchased		66		78
Other investments sold, not yet purchased, at fair value		66		78
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] | Equity Derivatives [Member]
Total other investments, at fair value		0
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] | Fair Value Receivables [Member]
Total other investments, at fair value		0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Share Forward Liabilities [Member]
Other investments, sold not yet purchased		0
Other investments sold, not yet purchased, at fair value		0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Investments-trading		185,336		199,216
Trading securities sold, not yet purchased		56,475		62,520
Other investments, sold not yet purchased		28,540		0
Other investments sold, not yet purchased, at fair value		28,540		0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Corporate Bonds and Redeemable Preferred Stock [Member]
Investments-trading		52,546		44,572
Total other investments, at fair value		476		476
Trading securities sold, not yet purchased		52,694		61,310
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Derivative [Member]
Investments-trading		3,616		4,669
Trading securities sold, not yet purchased		3,771		1,177
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Equity Securities [Member]
Investments-trading		0		0
Total other investments, at fair value		0		0
Trading securities sold, not yet purchased		0		0
Other investments, sold not yet purchased		0		0
Other investments sold, not yet purchased, at fair value		0		0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Municipal Bonds [Member]
Investments-trading		7,536		19,502
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Equity Derivatives [Member]
Total other investments, at fair value		1,367
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Restricted Equity Securities [Member]
Total other investments, at fair value		3,405		3,135
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value Receivables [Member]
Total other investments, at fair value		6,759
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Share Forward Liabilities [Member]
Other investments, sold not yet purchased		28,540
Other investments sold, not yet purchased, at fair value		28,540
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
Other investments sold, not yet purchased, at fair value		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] | Derivative [Member]
Investments-trading		0		0
Trading securities sold, not yet purchased		0		0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Equity Securities [Member]
Investments-trading		0		0
Total other investments, at fair value		0		0
Trading securities sold, not yet purchased		0		0
Other investments, sold not yet purchased		0		0
Other investments sold, not yet purchased, at fair value		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] | Equity Derivatives [Member]
Total other investments, at fair value		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] | Fair Value Receivables [Member]
Total other investments, at fair value		0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Share Forward Liabilities [Member]
Other investments, sold not yet purchased		0
Other investments sold, not yet purchased, at fair value		0
Fair Value, Recurring [Member] | Fair Value Measured at Net Asset Value Per Share [Member]
Total other investments, at fair value	[1]	8,547		10,554
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 Loans [Member]
Investments-trading		3,259		13,506
Residential Mortgage Loans [Member] | Fair Value, Recurring [Member]
Investments-trading		3,259		13,506
Residential Mortgage Loans [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Investments-trading		0		0
Residential Mortgage Loans [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Investments-trading		3,259		13,506
Residential Mortgage Loans [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Investments-trading		0		0
Residential Mortgage-Backed Securities [Member]
Investments-trading		8		7
Residential Mortgage-Backed Securities [Member] | Fair Value, Recurring [Member]
Investments-trading		8		7
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		8		7
Residential Mortgage-Backed Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Investments-trading		0		0
US Government Agencies Debt Securities [Member]
Investments-trading		20,148		19,683
Trading securities sold, not yet purchased		5		32
US Government Agencies Debt Securities [Member] | Fair Value, Recurring [Member]
Investments-trading		20,148		19,683
Trading securities sold, not yet purchased		5		32
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		0
US Government Agencies Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Investments-trading		20,148		19,683
Trading securities sold, not yet purchased		5		32
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
Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member]
Investments-trading		98,222		97,276
Trading securities sold, not yet purchased		5		1
Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Recurring [Member]
Investments-trading		98,222		97,276
Trading securities sold, not yet purchased		5		1
Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Investments-trading		0		0
Trading securities sold, not yet purchased		0		0
Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Investments-trading		98,222		97,276
Trading securities sold, not yet purchased		5		1
Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Investments-trading		0		0
Trading securities sold, not yet purchased		0		0
US Treasury Securities [Member]
Investments-trading		6,709		12,392
Trading securities sold, not yet purchased		41,444		71,386
US Treasury Securities [Member] | Fair Value, Recurring [Member]
Investments-trading		6,709		12,392
Trading securities sold, not yet purchased		41,444		71,386
US Treasury Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Investments-trading		6,709		12,392
Trading securities sold, not yet purchased		41,444		71,386
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
Residential Mortgage [Member]
Total other investments, at fair value		129		132
Residential Mortgage [Member] | Fair Value, Recurring [Member]
Total other investments, at fair value		129		132
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		129		132
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		48,321		17,468
Total Investments not Measured at NAV [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Total other investments, at fair value		36,185	[1]	13,725
Total Investments not Measured at NAV [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Total other investments, at fair value		12,136		3,743
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		12 Months Ended
		Dec. 31, 2022	Jun. 30, 2023
Alternative investment		$ 10,554	$ 8,547
CREO JV (a)		10,554	8,547
CREO JV [Member]
Alternative investment	[1]	6,568	5,474
Unfunded commitments	[1]	8,464	10,065
CREO JV (a)	[1]	6,568	5,474
U.S. Insurance JV [Member]
Alternative investment	[2]	3,459	3,073
CREO JV (a)	[2]	3,459	$ 3,073
SPAC Fund [Member]
Alternative investment	[3]	527
CREO JV (a)	[3]	$ 527
Redemption notice period (c) (Day)	[3]	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 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 size 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	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
TBA and Other Forward MBS [Member] | Long [Member]
Derivative, Notional Amount	$ 802,050		$ 802,050		$ 535,000
TBA and Other Forward MBS [Member] | Short [Member]
Derivative, Notional Amount	824,150		824,150		556,780
Other Extended Settlement Trade [Member] | Long [Member]
Derivative, Notional Amount	0		0		0
Foreign Exchange Forward [Member]
Derivative, Notional Amount	0		0		$ 0
Share Forward Liabilities [Member]
Gain (Loss) on Investments	$ (13,634)	$ 0	$ (13,634)	$ 0

Note 9 - Derivative Financial_4

Note 9 - Derivative Financial Instruments - Balance Sheet Information (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Derivative financial instruments, fair value, net	$ 29,752	$ 3,492
TBA and Other Forward MBS [Member] | Long [Member] | Investments -Trading [Member]
Derivative financial instruments, fair value, net	3,616	4,669
TBA and Other Forward MBS [Member] | Short [Member] | Trading Securities Sold, Not Yet Purchased [Member]
Derivative financial instruments, fair value, net	(3,771)	(1,177)
Equity Derivatives [Member] | Long [Member] | Other Investments at Fair Value [Member]
Derivative financial instruments, fair value, net	1,367	0
Share Forward Liabilities [Member] | Long [Member] | Other Investments Sold, Not Yet Purchased, at Fair Value [Member]
Derivative financial instruments, fair value, net	$ 28,540	$ 0

Note 9 - Derivative Financial_5

Note 9 - Derivative Financial Instruments - Statement of Operations Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Derivative financial instruments	$ 25,358	$ 2,960	$ 25,749	$ 5,598
TBA and Other Forward MBS [Member] | Revenue Net Trading [Member]
Derivative financial instruments	1,531	2,960	1,922	5,598
Equity Derivatives [Member] | Principal Transactions and Other Income (Loss) [Member]
Derivative financial instruments	788	0	788	0
Share Forward Liabilities [Member] | Revenue Net Trading [Member]
Derivative financial instruments	$ 23,039	$ 0	$ 23,039	$ 0

Note 9 - Derivative Financial_6

Note 9 - Derivative Financial Instruments - Share Forward Arrangements (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Share forward arrangements, fair value	$ 5,428	$ 0
Equity Securities [Member]
Share forward arrangements, fair value	27,755	0
Equity Derivatives [Member]
Share forward arrangements, fair value	1,367	0
Restricted Equity Securities [Member]
Share forward arrangements, fair value	1,127	0
Fair Value Receivables [Member]
Share forward arrangements, fair value	3,719	0
Share Forward Liabilities [Member]
Share forward arrangements, fair value	$ (28,540)	$ 0

Note 10 - Collateralized Secu_3

Note 10 - Collateralized Securities Transactions (Details Textual) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)
Securities Purchased under Agreements to Resell, Total	$ 457,528		$ 457,528		$ 437,692
Fair Value of Securities Received as Collateral that Can be Resold or Repledged	465,693		465,693		440,681
Securities Sold under Agreements to Repurchase	457,351		457,351		452,797
Fair Value of Securities Received as Collateral that Have Been Resold or Repledged	465,546		465,546		454,770
Revenues	$ 22,572	$ 9,154	$ 31,396	$ 8,472
Gestational Repo Business [Member]
Number of Counterparties Related to Reverse Repurchase Agreements	8		8
Revenues	$ 4,015	7,862	$ 8,396	17,634
First Guaranty Mortgage Corporation [Member]
Securities Purchased under Agreements to Resell, Total		$ 269,228		$ 269,228
Gain (Loss) on Sale of Collateral			1,478		(5,454)
Reversal of Accrued Incentive Compensation					1,753
Net Impact to Earnings					3,701
First Guaranty Mortgage Corporation [Member] | Trading Revenue [Member]
Gain (Loss) on Sale of Collateral					(5,244)
First Guaranty Mortgage Corporation [Member] | Professional Fees and Other Operating Expenses [Member]
Gain (Loss) on Sale of Collateral					210
First Guaranty Mortgage Corporation [Member] | Residential Mortgage [Member]
Securities Purchased under Agreements to Resell, Total	$ 3,259		$ 3,259		$ 13,506

Note 10 - Collateralized Secu_4

Note 10 - Collateralized Securities Transactions - Secured Borrowings (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Securities sold under agreements to repurchase	$ 457,351	$ 452,797
Receivables under resale agreements	457,528	437,692
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	457,351	452,797
Receivables under resale agreements	457,528	437,692
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	457,351	452,797
Receivables under resale agreements	457,528	437,692
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	457,351	452,797
Receivables under resale agreements	457,528	437,692
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 (Details Textual) $ in Millions	1 Months Ended
	Dec. 31, 2020 USD ($)
IPO [Member] | Insurance SPAC [Member]
Sale of Stock, Consideration Received on Transaction	$ 218

Note 11 - Investments in Equi_4

Note 11 - Investments in Equity Method Affiliates - Investments in Equity Method Affiliates (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Balance			$ 8,929	$ 48,238	$ 48,238
Investments / advances			1,124		2,614
Distributions / repayments			(3)		(77)
Reclasses to (from)			(362)		(20,915)
Earnings / (loss) recognized	$ (511)	$ (3,044)	(906)	(15,148)	(20,931)
Balance	8,782		8,782		8,929
Insurance SPAC [Member]
Balance			0	4,543	4,543
Investments / advances			0		1,355
Distributions / repayments			0		0
Reclasses to (from)			0		0
Earnings / (loss) recognized			0		(5,898)
Balance	0		0		0
Dutch Real Estate Entities [Member]
Balance			5,530	5,600	5,600
Investments / advances			0		0
Distributions / repayments			0		0
Reclasses to (from)			0		0
Earnings / (loss) recognized			212		(70)
Balance	5,742		5,742		5,530
Other SPAC Sponsor Entities [Member]
Balance			3,399	$ 38,095	38,095
Investments / advances			1,124		1,259
Distributions / repayments			(3)		(77)
Reclasses to (from)			(362)		(20,915)
Earnings / (loss) recognized			(1,118)		(14,963)
Balance	$ 3,040		$ 3,040		$ 3,399

Note 12 - Leases (Details Textu

Note 12 - Leases (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Operating Lease, Weighted Average Remaining Lease Term (Year)	5 years 3 months 18 days		5 years 3 months 18 days
Operating Lease, Weighted Average Discount Rate, Percent	4.64%		4.64%
Operating Lease, Payments			$ 1,223	$ 1,122
Sublease Income	$ 22	$ 25	48	50
Operating Lease, Expense	$ 634	$ 640	$ 1,264	$ 1,279

Note 12 - Leases - Future Matur

Note 12 - Leases - Future Maturity of Lease Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
2023 - remaining	$ 1,364
2024	2,174
2025	1,797
2026	1,509
2027	1,517
Thereafter	2,253
Total	10,614
Less imputed interest	(1,249)
Lease obligation	$ 9,365	$ 10,447

Note 13 - Other Receivables, _3

Note 13 - Other Receivables, Other Assets, Accounts Payable and Other Liabilities - Other Receivables (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021
Asset management fees receivable	$ 1,035		$ 936
New issue fee receivable	1,120		167
Cash collateral due from counterparties	432		4,301
Accrued interest receivable and dividend receivable	1,768		2,561
Revenue share receivable	240		138
Agency repo income receivable	429		806
Miscellaneous other receivables	710		618
Other receivables	$ 5,734	$ 9,527	$ 9,527

Note 13 - Other Receivables, _4

Note 13 - Other Receivables, Other Assets, Accounts Payable and Other Liabilities - Schedule of Other Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Deferred costs	$ 76	$ 133
Prepaid expenses	1,475	1,325
Prepaid taxes	885	0
Deposits	453	450
Intangible assets	166	166
Other assets	4,452	3,546
Furniture, Equipment, And Leasehold Improvements [Member]
Furniture, equipment, and leasehold improvements, net	$ 1,397	$ 1,472

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	Jun. 30, 2023	Dec. 31, 2022
Accounts payable	$ 1,210	$ 891
Redeemable financial instruments accrued interest	83	0
Accrued income tax	0	70
Accrued interest payable	482	452
Accrued interest on securities sold, not yet purchased	1,104	1,561
Payroll taxes payable	894	1,565
Counterparty cash collateral	147	4,301
Accrued expense and other liabilities	4,593	2,599
Accounts payable and other liabilities	$ 8,513	$ 11,439

Note 14 - Variable Interest E_3

Note 14 - Variable Interest Entities (Details Textual) $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)
Liabilities, Total	$ 774,815	$ 793,029
Variable Interest Entity, Unavailability of Information, Number of Entities	2
Variable Interest Entity, Not Primary Beneficiary [Member]
Working Capital Commitment	$ 0	0
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share, Unfunded Commitments	10,065	8,464
Liabilities, Total	$ 0	$ 0

Note 14 - Variable Interest E_4

Note 14 - Variable Interest Entities - Consolidated VIEs (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash and cash equivalents	$ 12,166	$ 29,101
Other investments, at fair value	56,868	28,022
Investment in equity method affiliates	8,782	8,929	$ 48,238
Variable Interest Entity, Primary Beneficiary [Member]
Cash and cash equivalents	5,014	19
Due from broker	3,271	0
Other investments, at fair value	31,178	0
Investment in equity method affiliates	43	23
Non-controlling interest	(6,654)	(15)
Investment in consolidated VIEs	$ 32,852	$ 27

Note 14 - Variable Interest E_5

Note 14 - Variable Interest Entities - Carrying Value of Variable Interests in Non-consolidated Variable Interest Entities (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021
Other Investments, Fair Value Disclosure	$ 56,868	$ 28,022
Investments in equity method affiliates	8,782	8,929	$ 48,238
Variable Interest Entity, Not Primary Beneficiary [Member]
Other Investments, Fair Value Disclosure	8,547	10,554
Investments in equity method affiliates	3,040	3,376
Maximum exposure	$ 11,587	$ 13,930

Note 15 - Redeemable Financia_3

Note 15 - Redeemable Financial Instruments (Details Textual) - USD ($) $ in Thousands	Feb. 13, 2023	Oct. 03, 2016
Investment Agreement, Team Expenses Per Quarter	$ 150	$ 175
Investment Agreement, Team Expenses Annually	$ 600	$ 700

Note 15 - Redeemable Financia_4

Note 15 - Redeemable Financial Instruments - Redeemable Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Redeemable financial instruments	$ 7,868	$ 7,868
JKD Capital Partners I, LTD [Member]
Redeemable financial instruments	$ 7,868	$ 7,868

Note 16 - Debt (Details Textual

Note 16 - Debt (Details Textual) $ / shares in Units, $ in Thousands						1 Months Ended	2 Months Ended	6 Months Ended
		Jun. 09, 2023 USD ($)	Mar. 20, 2022 $ / shares shares	Jan. 31, 2022	Oct. 28, 2020 USD ($)	Apr. 30, 2023 USD ($)	Jun. 30, 2023 USD ($) $ / shares	Jun. 30, 2023 USD ($) $ / shares shares	Jul. 01, 2023 USD ($)	Dec. 31, 2022 $ / shares	Sep. 30, 2022 USD ($)	Dec. 21, 2021 USD ($)	Jan. 31, 2020 USD ($)	Mar. 10, 2017 USD ($) $ / shares
Junior Subordinated Debenture Owed To Unconsolidated Subsidiary Trust Net Of Ownership Interest In Trust							$ 49,614	$ 49,614
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties, Amount							$ 1,489	$ 1,489
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares							$ 0.01	$ 0.01		$ 0.01
Redeemable Non-controlling Interest Membership Units Not Held Share Ratio								10
Redeemable Common Stock, Shares (in shares) | shares			1,034,482
Common Securities in Trusts [Member]
Equity Securities without Readily Determinable Fair Value, Amount							$ 0	$ 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
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
JVB Holdings [Member] | JVB [Member]
Noncontrolling Interest, Ownership Percentage by Parent					100%
Base Rate [Member] | Sunset Financial Statutory Trust I [Member]
Debt Instrument, Basis Spread on Variable Rate								4%
Credit Facility [Member] | JVB [Member] | Byline Bank [Member]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage					0.50%
Convertible Note 2017 [Member]
Debt Instrument, Face Amount														$ 15,000
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
Amended and Restated Byline Loan Agreement [Member]
Line of Credit Facility, Maximum Borrowing Capacity		$ 15,000										$ 25,000
Credit Facility [Member] | JVB [Member] | Byline Bank [Member]
Line of Credit Facility, Maximum Borrowing Capacity		15,000
Debt Instrument, Covenant, Minimum Tangible Net Worth		$ 70,000					85,000	$ 85,000
Proceeds from Lines of Credit						$ 15,000
Line of Credit Facility, Commitment Fee Percentage		0.50%
Line of Credit Facility, Commitment Fee Amount								75
Line of Credit Facility, Minimum Request in Reduction of Maximum Borrowing Capacity					$ 1,000
Line of Credit Facility, Reduction in Maximum Borrowing Capacity, Increments After Minimum												$ 500
Debt Instrument, Covenant, Minimum Excess Net Capital		$ 40,000
Debt Instrument, Covenant, Maximum Loans Outstanding											$ 10,000
Repayments of Lines of Credit							15,000
Credit Facility [Member] | JVB [Member] | Byline Bank [Member] | Subsequent Event [Member]
Debt Instrument, Covenant, Minimum Tangible Net Worth									$ 90,000
Credit Facility [Member] | Secured Overnight Financing Rate (SOFR) [Member] | JVB [Member] | Byline Bank [Member]
Debt Instrument, Basis Spread on Variable Rate		6%
Debt Instrument, Minimum Interest Rate		7%
Junior Subordinated Debt [Member]
Junior Subordinated Debenture Owed To Unconsolidated Subsidiary Trust Net Of Ownership Interest In Trust							49,614	$ 49,614
Yield To Maturities								21.09%
Junior Subordinated Debt [Member] | Sunset Financial Statutory Trust I [Member] | Alesco Capital Trust I [Member]
Fair Value of Common Securities Variable Interest Entities Trusts							0	$ 0
Non-convertible Senior Notes [Member] | Non-convertible Senior Notes 12.00% (2020 Senior Notes) [Member] | JKD Capital Partners I, LTD [Member]
Debt Instrument, Face Amount													$ 2,250
Non-convertible Senior Notes [Member] | Non-convertible Senior Notes 10.00% (2020 Senior Notes) [Member]
Debt Instrument, Face Amount													4,500
Non-convertible Senior Notes [Member] | Non-convertible Senior Notes 10.00% (2020 Senior Notes) [Member] | JKD Capital Partners I, LTD [Member]
Debt Instrument, Interest Rate, Stated Percentage				10%
Debt Instrument, Interest Rate In Event of Default				11%
Non-convertible Senior Notes [Member] | Non-convertible Senior Notes 10.00% (2020 Senior Notes) [Member] | RN Capital Solutions LLC (RNCS) [Member]
Debt Instrument, Face Amount													$ 2,250
Junior Subordinated Notes [Member]
Junior Subordinated Debenture Owed To Unconsolidated Subsidiary Trust Net Of Ownership Interest In Trust							$ 49,614	$ 49,614
Junior Subordinated Notes [Member] | Sunset Financial Statutory Trust I [Member]
Debt Instrument, Interest Rate, Stated Percentage	[1],[2]						9.31%	9.31%
Junior Subordinated Notes [Member] | Alesco Capital Trust I Debt [Member]
Junior Subordinated Debenture Owed To Unconsolidated Subsidiary Trust Net Of Ownership Interest In Trust							$ 28,995	$ 28,995
Junior Subordinated Notes [Member] | Alesco Capital Trust I Debt [Member] | London Interbank Offered Rate [Member]
Debt Instrument, Basis Spread on Variable Rate								4%
Junior Subordinated Notes [Member] | Sunset Financial Statutory Trust I Debt [Member]
Junior Subordinated Debenture Owed To Unconsolidated Subsidiary Trust Net Of Ownership Interest In Trust							$ 20,619	$ 20,619
Debt Instrument, Basis Spread on Variable Rate								4.15%
[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 June 30, 2023 on a combined basis was 21.09% assuming the variable rate in effect on the last day of the reporting period remains in effect until maturity.

Note 16 - Debt - Detail of Debt

Note 16 - Debt - Detail of Debt (Details) - USD ($) $ in Thousands		Jun. 30, 2023	Dec. 31, 2022
Debt		$ 29,324	$ 29,024
Contingent Convertible Senior Notes [Member]
Debt		24,824	24,524
Junior Subordinated Notes [Member]
Less unamortized discount	[1]	(23,301)	(23,601)
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	[1],[2],[3]	10%
Alesco Capital Trust I [Member] | Junior Subordinated Notes [Member]
Long-term Debt, Gross	[1],[4]	$ 28,125	28,125
Interest Rate	[1],[2]	9.30%
Sunset Financial Statutory Trust I [Member] | Junior Subordinated Notes [Member]
Long-term Debt, Gross	[1]	$ 20,000	$ 20,000
Interest Rate	[1],[2]	9.31%
[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 June 30, 2023 on a combined basis was 21.09% 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 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.[4]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 March 31, 2023 on a combined basis was 19.87% assuming the variable rate in effect on the last day of the reporting period remains in effect until maturity

Note 16 - Debt - Interest Expen

Note 16 - Debt - Interest Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Interest expense, net	$ 1,630	$ 1,106	$ 3,222	$ 2,457
Junior Subordinated Notes [Member]
Interest expense, net	1,276	756	2,485	1,413
Senior Note 2020 [Member]
Interest expense, net	112	112	223	231
Convertible Note 2017 [Member]
Interest expense, net	0	0	0	327
Byline Bank Credit Facility [Member]
Interest expense, net	158	62	223	134
Redeemable Financial Instrument - JKD Capital Partners I LTD [Member]
Interest expense, net	$ 84	$ 176	$ 291	$ 352

Note 17 - Equity (Details Textu

Note 17 - Equity (Details Textual) $ / shares in Units, $ in Thousands				3 Months Ended				6 Months Ended
	May 04, 2023 $ / shares	Mar. 07, 2023 $ / shares	Dec. 23, 2019 shares	Jun. 30, 2023 USD ($) $ / shares shares	Mar. 31, 2023 USD ($)	Jun. 30, 2022 USD ($)	Mar. 31, 2022 USD ($)	Jun. 30, 2023 USD ($) $ / shares shares	Jun. 30, 2022 USD ($)	Dec. 31, 2022 $ / shares shares
Preferred Stock, Shares Outstanding, Ending Balance (in shares)				27,413,098				27,413,098		27,413,098
Preferred Stock, Shares Authorized (in shares)				50,000,000				50,000,000		50,000,000
Preferred Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares				$ 0.001				$ 0.001		$ 0.001
Preferred Stock, Shares Issued, Total (in shares)				27,413,098				27,413,098		27,413,098
Additional Paid-in Capital [Member]
Minority Interest, Increase (Decrease) Related to Units of Consolidated Subsidiary | $				$ 30	$ 582	$ (89)	$ (292)	$ 612	$ (381)
AOCI Attributable to Parent [Member]
Minority Interest, Increase (Decrease) Related to Units of Consolidated Subsidiary | $				(1)	(12)	1	4	(13)	5
Noncontrolling Interest [Member]
Minority Interest, Increase (Decrease) Related to Units of Consolidated Subsidiary | $				$ (29)	$ (570)	$ 88	$ 288	$ (599)	$ 376
Series E Preferred Stock [Member]
Ratio of Shares To Vote								10
Preferred Stock, Shares Outstanding, Ending Balance (in shares)				4,983,557				4,983,557
Preferred Stock, Shares Issued, Total (in shares)				4,983,557				4,983,557
Series F Preferred Stock [Member]
Ratio of Shares To Vote			10
Preferred Stock, Shares Outstanding, Ending Balance (in shares)				22,429,541				22,429,541
Preferred Stock, Shares Authorized (in shares)				25,000,000				25,000,000
Preferred Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares				$ 0.001				$ 0.001
Preferred Stock, Shares Issued, Total (in shares)				22,429,541				22,429,541
Series F Preferred Stock [Member] | Mr. Cohen [Member]
Stock Issued During Period, Shares, New Issues (in shares)			12,549,273
Series F Preferred Stock [Member] | DGC Trust [Member]
Stock Issued During Period, Shares, New Issues (in shares)			9,880,268
Common Stock [Member]
Common Stock, Dividends, Per Share, Declared (in dollars per share) | $ / shares	$ 0.25	$ 0.25

Note 17 - Equity - Shares Outst

Note 17 - Equity - Shares Outstanding of Stockholders' Equity of the Company (Details) - Cohen & Company [Member] - Common Stock [Member]	6 Months Ended
	Jun. 30, 2023 shares
Shares, outstanding (in shares)	1,433,283
Vesting of shares (in shares)	108,901
Shares withheld for employee taxes and retired (in shares)	(20,328)
Shares, outstanding (in shares)	1,521,856

Note 17 - Equity - Rollforward

Note 17 - Equity - Rollforward of Units Outstanding (Details) - Unit Issuance and Surrender Agreement [Member]	6 Months Ended
	Jun. 30, 2023 shares
Other units related to UIS Agreement (in shares)	885,730
Total (in shares)	885,730

Note 17 - Equity - Schedule of

Note 17 - Equity - Schedule of Effects of Changes in Ownership Interest Subsidiary (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Net income / (loss) attributable to Cohen & Company Inc.	$ (6,601)	$ (1,857)	$ (9,238)	$ (9,469)
Increase / (decrease) in Cohen & Company Inc. paid in capital for the acquisition / (surrender) of additional units in consolidated subsidiary, net			612	(381)
Changes from net income / (loss) attributable to Cohen & Company Inc. and transfers (to) from the non-controlling interest			$ (8,626)	$ (9,850)

Note 17 - Equity - Rollforwar_2

Note 17 - Equity - Rollforward of Non-controlling Interests (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Mar. 31, 2023	Jun. 30, 2023
Balance	$ 47,287	$ 47,287
Non-controlling interest share of income (loss)		(1,508)
Other comprehensive income (loss)		42
Acquisition / (surrender) of additional units of consolidated subsidiary		(599)
Equity-based compensation		1,593
Shares withheld for employee taxes		(127)
Investment in non-convertible non-controlling interest of Operating LLC		39
Distributions to convertible non-controlling interest of Cohen & Company Inc.		(2,266)
Redemption of convertible non-controlling interest units	(834)	(834)
Balance		43,627
Operating LLC [Member]
Balance	47,270	47,270
Non-controlling interest share of income (loss)		(8,108)
Other comprehensive income (loss)		42
Acquisition / (surrender) of additional units of consolidated subsidiary		(599)
Equity-based compensation		1,593
Shares withheld for employee taxes		(127)
Investment in non-convertible non-controlling interest of Operating LLC		0
Distributions to convertible non-controlling interest of Cohen & Company Inc.		(2,266)
Redemption of convertible non-controlling interest units		(834)
Balance		36,971
Insurance SPAC [Member]
Balance	$ 17	17
Non-controlling interest share of income (loss)		6,600
Other comprehensive income (loss)		0
Acquisition / (surrender) of additional units of consolidated subsidiary		0
Equity-based compensation		0
Shares withheld for employee taxes		0
Investment in non-convertible non-controlling interest of Operating LLC		39
Distributions to convertible non-controlling interest of Cohen & Company Inc.		0
Redemption of convertible non-controlling interest units		0
Balance		$ 6,656

Note 18 - Income Taxes (Details

Note 18 - Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Tax Expense (Benefit)	$ 5,550	$ (60)	$ 6,134	$ 1,773
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount			5,644
Capital Loss Carryforward [Member]
Tax Credit Carryforward, Amount	59,729		59,729
Domestic Tax Authority [Member]
Operating Loss Carryforwards	$ 98,819		$ 98,819
Operating LLC [Member]
Subsidiary, Ownership Percentage, Noncontrolling Owner	27.31%		27.31%
Operating LLC [Member] | Remaining Non-Controlling Members [Member]
Subsidiary, Ownership Percentage, Noncontrolling Owner	72.69%		72.69%

Note 18 - Income Taxes - Income

Note 18 - Income Taxes - Income Tax Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Current, tax			$ (469)	$ 411
Current, change			880
Deferred tax provision (benefit)			6,603	1,362
Deferred, change			(5,241)
Total, tax	$ 5,550	$ (60)	6,134	$ 1,773
Total, change			$ (4,361)

Note 19 - Net Capital Require_2

Note 19 - Net Capital Requirements (Details Textual) $ in Thousands	Jun. 30, 2023 USD ($)
JVB [Member]
Broker-Dealer, Minimum Net Capital Required, Aggregate Indebtedness Standard	$ 250
Broker-Dealer, Net Capital	50,520
Broker-Dealer, Excess Net Capital, 1500 Percent, Aggregate Indebtedness Standard	50,270
CCFESA [Member]
Broker-Dealer, Minimum Net Capital Required, Aggregate Indebtedness Standard	497
Broker-Dealer, Net Capital	1,269
Broker-Dealer, Excess Net Capital, 1500 Percent, Aggregate Indebtedness Standard	$ 772

Note 20 - Earnings (Loss) Per_3

Note 20 - Earnings (Loss) Per Common Share (Details Textual)	6 Months Ended
	Jun. 30, 2023
Redeemable Non-controlling Interest Membership Units Not Held Share Ratio	10

Note 20 - Earnings Loss) Per Co

Note 20 - Earnings Loss) Per Common Share - Earnings (Loss) Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Net income / (loss) attributable to Cohen & Company Inc.		$ (6,601)	$ (1,857)	$ (9,238)	$ (9,469)
Add / (deduct): Adjustment (2)	[1]	0	(172)	0	0
Net income / (loss) on a fully converted basis		$ (6,601)	$ (8,257)	$ (9,238)	$ (9,469)
Weighted average common shares outstanding - Basic (in shares)		1,520,122	1,428,237	1,504,819	1,411,596
Unrestricted Operating LLC Units exchangeable into Cohen & Company Inc. shares (1) (in shares)	[2]	0	3,965,405	0	0
Restricted units or shares (in shares)		0	0	0	0
Weighted average common shares outstanding - Diluted (3) (in shares)	[3]	1,520,122	5,393,642	1,504,819	1,411,596
Net income / (loss) per common share - Basic (in dollars per share)		$ (4.34)	$ (1.30)	$ (6.14)	$ (6.71)
Net income / (loss) per common share - Diluted (in dollars per share)		$ (4.34)	$ (1.53)	$ (6.14)	$ (6.71)
Convertible Non-controlling Interest of Cohen & Co. [Member]
Add: Net income (loss) attributable to the convertible non-controlling interest of Cohen & Company Inc.		$ 0	$ 6,228	$ 0	$ 0
[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 LLC Units had been converted at the beginning of the period.[2]The LLC Units 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 LLC Units 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 LLC Units are not included in the computation of basic earnings per share. These LLC 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 dilutive securities that were not included in the diluted per share calculations because they would be anti-dilutive were as follows:

Note 20 - Earnings (Loss) Per_4

Note 20 - Earnings (Loss) Per Common Share - Schedule of Anti-Dilutive Securities (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Antidilutive securities (in shares)	4,014,705	7,207	4,014,911	3,970,423
Unrestricted Operating LLC Units Exchangeable Into Cohen Shares [Member]
Antidilutive securities (in shares)	4,014,250	0	4,006,109	3,504,604
Contingent Convertible Senior Notes 8.00% (2017 Convertible Note) [Member]
Antidilutive securities (in shares)	0	0	0	448,276
Restricted Stock [Member]
Antidilutive securities (in shares)	455	5,554	7,534	12,394
Restricted Operating LLC Units [Member]
Antidilutive securities (in shares)	0	1,653	1,268	5,149

Note 22 - Segment and Geograp_3

Note 22 - Segment and Geographic Information (Details Textual)	6 Months Ended
	Jun. 30, 2023
Number of Operating Segments	3

Note 22 - Segment and Geograp_4

Note 22 - Segment and Geographic Information - Statements of Operations Information (Details) - USD ($) $ in Thousands		3 Months Ended				6 Months Ended		12 Months Ended
		Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Net trading		$ 7,416		$ 10,377		$ 15,626	$ 22,399
Principal transactions and other income		12,156		(6,602)		9,845	(24,965)
Revenues		22,572		9,154		31,396	8,472
Compensation		10,001		12,214		20,538	26,093
Other Operating Expense		5,572		5,102		11,342	10,419
Total operating expenses		15,573		17,316		31,880	36,512
Operating income (loss)		6,999		(8,162)		(484)	(28,040)
Interest income (expense)		(1,630)		(1,106)		(3,222)	(2,457)
Income (loss) from equity method affiliates		(511)		(3,044)		(906)	(15,148)	$ (20,931)
Income (loss) before income taxes		4,858		(12,312)		(4,612)	(45,645)
Income Tax Expense (Benefit)		5,550		(60)		6,134	1,773
Net income (loss)		(692)	$ (10,054)	(12,252)	$ (35,166)	(10,746)	(47,418)
Net income (loss) attributable to Cohen & Company Inc.		(6,601)		(1,857)		(9,238)	(9,469)
Depreciation and amortization (included in total operating expense)		149		143		293	275
Compensation		10,001		12,214		20,538	26,093
Earnings / (loss) recognized		(511)		(3,044)		(906)	(15,148)	$ (20,931)
Other non-operating income		0
Non-controlling Interest of Operating LLC [Member]
Less: Net income (loss) attributable to the non-convertible non-controlling interest of the Operating LLC		6,503		(4,167)		6,600	(18,871)
Cohen Co Including Noncontrolling Interest [Member]
Net income (loss)		(7,195)		(8,085)		(17,346)	(28,547)
Less: Net income (loss) attributable to the non-convertible non-controlling interest of the Operating LLC		(594)		(6,228)		(8,108)	(19,078)
Non-controlling Interest of Cohen & Co. [Member]
Less: Net income (loss) attributable to the non-convertible non-controlling interest of the Operating LLC		(594)		(6,228)		(8,108)	(19,078)
Asset Management [Member]
Revenues		1,605		1,898		3,630	3,787
New Issue and Advisory [Member]
Revenues		1,395		3,481		2,295	7,251
Operating Segments [Member]
Net trading		7,416		10,377		15,626	22,399
Principal transactions and other income		12,156		(6,602)		9,845	(24,965)
Revenues		22,572		9,154		31,396	8,472
Compensation		8,315		9,443		16,927	20,950
Other Operating Expense		4,389		4,026		8,823	7,978
Total operating expenses		12,704		13,469		25,750	28,928
Operating income (loss)		9,868		(4,315)		5,646	(20,456)
Interest income (expense)		(157)		(62)		(223)	(134)
Income (loss) from equity method affiliates		(511)		(3,044)		(906)	(15,148)
Income (loss) before income taxes		9,200		(7,421)		4,517	(35,738)
Income Tax Expense (Benefit)		0		0		0	0
Net income (loss)		9,200		(7,421)		4,517	(35,738)
Net income (loss) attributable to Cohen & Company Inc.		2,697		(3,254)		(2,083)	(16,867)
Depreciation and amortization (included in total operating expense)		2		1		3	2
Compensation		8,315		9,443		16,927	20,950
Earnings / (loss) recognized		(511)		(3,044)		(906)	(15,148)
Other non-operating income		0
Operating Segments [Member] | Non-controlling Interest of Operating LLC [Member]
Less: Net income (loss) attributable to the non-convertible non-controlling interest of the Operating LLC		6,503		(4,167)		6,600	(18,871)
Operating Segments [Member] | Cohen Co Including Noncontrolling Interest [Member]
Net income (loss)		2,697		(3,254)		(2,083)	(16,867)
Operating Segments [Member] | Non-controlling Interest of Cohen & Co. [Member]
Less: Net income (loss) attributable to the non-convertible non-controlling interest of the Operating LLC		0		0		0	0
Operating Segments [Member] | Asset Management [Member]
Revenues		1,605		1,898		3,630	3,787
Operating Segments [Member] | New Issue and Advisory [Member]
Revenues		1,395		3,481		2,295	7,251
Operating Segments [Member] | Capital Markets [Member]
Net trading		7,416		10,377		15,626	22,399
Principal transactions and other income		0		2		1	1
Revenues		8,811		13,860		17,922	29,651
Compensation		6,668		7,825		13,614	17,687
Other Operating Expense		3,620		3,243		7,269	6,677
Total operating expenses		10,288		11,068		20,883	24,364
Operating income (loss)		(1,477)		2,792		(2,961)	5,287
Interest income (expense)		(157)		(62)		(223)	(134)
Income (loss) from equity method affiliates		0		0		0	0
Income (loss) before income taxes		(1,634)		2,730		(3,184)	5,153
Income Tax Expense (Benefit)		0		0		0	0
Net income (loss)		(1,634)		2,730		(3,184)	5,153
Net income (loss) attributable to Cohen & Company Inc.		(1,634)		2,730		(3,184)	5,153
Depreciation and amortization (included in total operating expense)		0		0		0	0
Compensation		6,668		7,825		13,614	17,687
Earnings / (loss) recognized		0		0		0	0
Other non-operating income		0
Operating Segments [Member] | Capital Markets [Member] | Non-controlling Interest of Operating LLC [Member]
Less: Net income (loss) attributable to the non-convertible non-controlling interest of the Operating LLC		0		0		0	0
Operating Segments [Member] | Capital Markets [Member] | Cohen Co Including Noncontrolling Interest [Member]
Net income (loss)		(1,634)		2,730		(3,184)	5,153
Operating Segments [Member] | Capital Markets [Member] | Non-controlling Interest of Cohen & Co. [Member]
Less: Net income (loss) attributable to the non-convertible non-controlling interest of the Operating LLC		0		0		0	0
Operating Segments [Member] | Capital Markets [Member] | Asset Management [Member]
Revenues		0		0		0	0
Operating Segments [Member] | Capital Markets [Member] | New Issue and Advisory [Member]
Revenues		1,395		3,481		2,295	7,251
Operating Segments [Member] | Asset Management Segment [Member]
Net trading		0		0		0	0
Principal transactions and other income		232		229		472	343
Revenues		1,837		2,127		4,102	4,130
Compensation		1,181		1,402		2,612	2,853
Other Operating Expense		648		584		1,216	953
Total operating expenses		1,829		1,986		3,828	3,806
Operating income (loss)		8		141		274	324
Interest income (expense)		0		0		0	0
Income (loss) from equity method affiliates		0		0		0	0
Income (loss) before income taxes		8		141		274	324
Income Tax Expense (Benefit)		0		0		0	0
Net income (loss)		8		141		274	324
Net income (loss) attributable to Cohen & Company Inc.		105		141		257	324
Depreciation and amortization (included in total operating expense)		2		1		3	2
Compensation		1,181		1,402		2,612	2,853
Earnings / (loss) recognized		0		0		0	0
Other non-operating income		0
Operating Segments [Member] | Asset Management Segment [Member] | Non-controlling Interest of Operating LLC [Member]
Less: Net income (loss) attributable to the non-convertible non-controlling interest of the Operating LLC		(97)		0		17	0
Operating Segments [Member] | Asset Management Segment [Member] | Cohen Co Including Noncontrolling Interest [Member]
Net income (loss)		105		141		257	324
Operating Segments [Member] | Asset Management Segment [Member] | Non-controlling Interest of Cohen & Co. [Member]
Less: Net income (loss) attributable to the non-convertible non-controlling interest of the Operating LLC		0		0		0	0
Operating Segments [Member] | Asset Management Segment [Member] | Asset Management [Member]
Revenues		1,605		1,898		3,630	3,787
Operating Segments [Member] | Asset Management Segment [Member] | New Issue and Advisory [Member]
Revenues		0		0		0	0
Operating Segments [Member] | Principal Investing [Member]
Net trading		0		0		0	0
Principal transactions and other income		11,924		(6,833)		9,372	(25,309)
Revenues		11,924		(6,833)		9,372	(25,309)
Compensation		466		216		701	410
Other Operating Expense		121		199		338	348
Total operating expenses		587		415		1,039	758
Operating income (loss)		11,337		(7,248)		8,333	(26,067)
Interest income (expense)		0		0		0	0
Income (loss) from equity method affiliates		(511)		(3,044)		(906)	(15,148)
Income (loss) before income taxes		10,826		(10,292)		7,427	(41,215)
Income Tax Expense (Benefit)		0		0		0	0
Net income (loss)		10,826		(10,292)		7,427	(41,215)
Net income (loss) attributable to Cohen & Company Inc.		4,226		(6,125)		844	(22,344)
Depreciation and amortization (included in total operating expense)		0		0		0	0
Compensation		466		216		701	410
Earnings / (loss) recognized		(511)		(3,044)		(906)	(15,148)
Other non-operating income		0
Operating Segments [Member] | Principal Investing [Member] | Non-controlling Interest of Operating LLC [Member]
Less: Net income (loss) attributable to the non-convertible non-controlling interest of the Operating LLC		6,600		(4,167)		6,583	(18,871)
Operating Segments [Member] | Principal Investing [Member] | Cohen Co Including Noncontrolling Interest [Member]
Net income (loss)		4,226		(6,125)		844	(22,344)
Operating Segments [Member] | Principal Investing [Member] | Non-controlling Interest of Cohen & Co. [Member]
Less: Net income (loss) attributable to the non-convertible non-controlling interest of the Operating LLC		0		0		0	0
Operating Segments [Member] | Principal Investing [Member] | Asset Management [Member]
Revenues		0		0		0	0
Operating Segments [Member] | Principal Investing [Member] | New Issue and Advisory [Member]
Revenues		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	[1]	0		0		0	0
Compensation	[1]	1,686		2,771		3,611	5,143
Other Operating Expense	[1]	1,183		1,076		2,519	2,441
Total operating expenses	[1]	2,869		3,847		6,130	7,584
Operating income (loss)	[1]	(2,869)		(3,847)		(6,130)	(7,584)
Interest income (expense)	[1]	(1,473)		(1,044)		(2,999)	(2,323)
Income (loss) from equity method affiliates	[1]	0		0		0	0
Income (loss) before income taxes	[1]	(4,342)		(4,891)		(9,129)	(9,907)
Income Tax Expense (Benefit)	[1]	5,550		(60)		6,134	1,773
Net income (loss)	[1]	(9,892)		(4,831)		(15,263)	(11,680)
Net income (loss) attributable to Cohen & Company Inc.	[1]	(9,298)		1,397		(7,155)	7,398
Depreciation and amortization (included in total operating expense)	[1]	147		142		290	273
Compensation	[1]	1,686		2,771		3,611	5,143
Earnings / (loss) recognized	[1]	0		0		0	0
Other non-operating income		0
Segment Reconciling Items [Member] | Non-controlling Interest of Operating LLC [Member]
Less: Net income (loss) attributable to the non-convertible non-controlling interest of the Operating LLC	[1]			0		0	0
Segment Reconciling Items [Member] | Cohen Co Including Noncontrolling Interest [Member]
Net income (loss)	[1]	(9,892)		(4,831)		(15,263)	(11,680)
Segment Reconciling Items [Member] | Non-controlling Interest of Cohen & Co. [Member]
Less: Net income (loss) attributable to the non-convertible non-controlling interest of the Operating LLC	[1]	(594)		(6,228)		(8,108)	(19,078)
Segment Reconciling Items [Member] | Asset Management [Member]
Revenues	[1]	0		0		0	0
Segment Reconciling Items [Member] | New Issue and Advisory [Member]
Revenues	[1]	$ 0		$ 0		$ 0	$ 0
[1]Unallocated assets primarily include: (1) amounts due from related parties; (2) furniture and equipment, net; and (3) other assets that are not considered necessary for an understanding of business segment assets. Such amounts are excluded in business segment reporting to the chief operating decision maker.

Note 22 - Segment and Geograp_5

Note 22 - Segment and Geographic Information - Balance Sheet Data (Details) - USD ($) $ in Thousands		Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021
Total Assets		$ 856,126	$ 887,055
Investment in equity method affiliates		8,782	8,929	$ 48,238
Goodwill	[1]	109	109
Intangible assets	[1]	166	166
Operating Segments [Member]
Total Assets		841,984	862,886
Investment in equity method affiliates		8,782	8,929
Goodwill	[1]	109	109
Intangible assets	[1]	166	166
Segment Reconciling Items [Member]
Total Assets	[2]	14,142	24,169
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		764,029	820,238
Investment in equity method affiliates		0	0
Goodwill	[1]	54	54
Intangible assets	[1]	166	166
Asset Management Segment [Member] | Operating Segments [Member]
Total Assets		3,919	5,679
Investment in equity method affiliates		0	0
Goodwill	[1]	55	55
Intangible assets	[1]	0	0
Principal Investing [Member] | Operating Segments [Member]
Total Assets		74,036	36,969
Investment in equity method affiliates		8,782	8,929
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 above.[2]Unallocated assets primarily include: (1) amounts due from related parties; (2) furniture and equipment, net; and (3) other assets that are not considered necessary for an understanding of business segment assets. Such amounts are excluded in business segment reporting to the chief operating decision maker.

Note 22 - Segment and Geograp_6

Note 22 - Segment and Geographic Information - Geographic Data (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Revenues	$ 22,572	$ 9,154	$ 31,396	$ 8,472
UNITED STATES
Revenues	21,533	8,278	29,352	6,749
Europe [Member]
Revenues	$ 1,039	$ 876	$ 2,044	$ 1,723

Note 23 - Supplemental Cash F_2

Note 23 - Supplemental Cash Flow Disclosure (Details Textual) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022
Interest Paid, Excluding Capitalized Interest, Operating Activities					$ 2,723	$ 2,437
Income Taxes Paid					482	279
Proceeds from Income Tax Refunds					0	0
Increase (Decrease) in Receivables From Brokers, Dealers, and Clearing Agencies					68,066
Increase (Decrease) in Other Investments					40,388
Increase (Decrease) in Other Assets					63
Increase (Decrease) in Accounts Payable and Other Accrued Liabilities					82,711
Increase (Decrease) in Other Investments, Not Sold					25,806
Shares Received in Exchange for Services, Value					492
Decrease in Convertible Debt						(15,000)
In-kind Distribution from Equity Method Affiliate [Member]
Increase (Decrease) in Other Investments					362	19,357
Increase (Decrease) in Equity Method Affiliates					(362)	(19,357)
Distribution Relating to the SPAC Merger [Member]
Increase (Decrease) in Other Investments						3,885
Investment Reclass [Member]
Increase (Decrease) in Other Investments						836
Increase (Decrease) in Other Investments, Not Sold						836
Additional Paid-in Capital [Member]
Minority Interest, Increase (Decrease) Related to Units of Consolidated Subsidiary	$ 30	$ 582	$ (89)	$ (292)	612	(381)
AOCI Attributable to Parent [Member]
Minority Interest, Increase (Decrease) Related to Units of Consolidated Subsidiary	(1)	(12)	1	4	(13)	5
Noncontrolling Interest [Member]
Minority Interest, Increase (Decrease) Related to Units of Consolidated Subsidiary	$ (29)	$ (570)	$ 88	$ 288	$ (599)	376
Increase in Convertible Non-controlling Interest						$ 15,000

Note 24 - Related Party Trans_3

Note 24 - Related Party Transactions (Details Textual) - USD ($) $ / shares in Units, $ in Thousands

1 Months Ended

3 Months Ended

6 Months Ended

12 Months Ended

Mar. 20, 2022

Jan. 31, 2022

Dec. 20, 2021

Nov. 24, 2021

Jun. 26, 2021

Mar. 15, 2021

Mar. 05, 2021

Feb. 26, 2021

Dec. 31, 2020

Dec. 14, 2020

Oct. 01, 2020

Jan. 31, 2020

Oct. 03, 2016

Jan. 31, 2019

Jan. 31, 2017

Jun. 30, 2023

Mar. 31, 2023

Jun. 30, 2022

Jun. 30, 2023

Jun. 30, 2022

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2019

Jul. 01, 2019

Mar. 10, 2017

Investment, Non-convertible Controlling Interest

$ 39

$ 39

Equity Method Investments

8,782

8,782

$ 8,929

$ 48,238

Operating Lease, Expense

634

$ 640

1,264

$ 1,279

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%

Defined Contribution Plan, Employer Discretionary Contribution Amount

$ 110

103

$ 226

204

Operating LLC [Member] | Insurance SPAC III Sponsor Entities [Member]

Subsidiary, Ownership Percentage, Noncontrolling Owner

47.30%

Service Fees, Per Month

$ 20

FlipOs [Member]

Other Investments, Total

$ 768

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

U.S. Insurance JV [Member]

Equity Method Investment, Ownership Percentage

1.87%

1.87%

CREO JV [Member]

Equity Method Investment, Ownership Percentage

7.50%

7.50%

FTAC V Sponsor [Member]

Equity Method Investment, Additional Shares Received for Services (in shares)

35,000

Equity Method Investment, Aggregate Cost

$ 40

FTAC V Sponsor [Member] | Founder Shares [Member]

Equity Method Investment, Shares Purchased (in shares)

140,000

FTAC VI Sponsor [Member]

Equity Method Investment, Additional Shares Received for Services (in shares)

35,000

Equity Method Investments

$ 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

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 Investments

$ 40

Equity Method Investment, Shares Received from Services Provided (in shares)

35,000

Other SPAC Sponsor Entities [Member]

Equity Method Investment, Ownership Percentage

6.87%

6.87%

Equity Method Investments

$ 3,040

$ 3,040

3,399

$ 38,095

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

Investment, Non-convertible Controlling Interest

$ 15,000

JKD Capital Partners I, LTD [Member]

Investments In and Advance To Affiliates Amount Of Equity

$ 6,000

$ 1,268

$ 1,000

Related Party Transaction, Amounts of Transaction

$ 4,500

$ 2,250

JKD Capital Partners I, LTD [Member] | 2022 Note Purchase Agreement [Member]

Related Party Transaction, Amounts of Transaction

$ 2,250

Cohen Circle LLC [Member]

Consulting Fees Per Month

$ 1

Cohen Circle LLC [Member] | SPAC II Sponsor Entities [Member] | INSU III [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 III [Member]

Related Party Transaction, Amounts of Transaction

$ 71

Insurance SPAC III Sponsor Entities [Member]

Related Party Transaction, Amounts of Transaction

1,500

Related Party Transactions, Agreed Amount to Lend

$ 960

Zucker and Moore, LLC [Member]

Operating Lease, Expense

$ 24

$ 48

Note 24 - Related Party Trans_4

Note 24 - Related Party Transactions - Routine Transactions Recognized in the Statements of Operations (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Asset management	$ 317	$ 530	$ 734	$ 1,078
Principal transactions and other income	353	4,438	848	4,320
Income (loss) from equity method affiliates	(511)	(3,044)	(906)	(15,148)	$ (20,931)
Operating expense (income)	36	131	185	252
Interest expense (income)	196	290	514	888
SPAC Fund [Member]
Asset management	0	261	173	543
Principal transactions and other income	0	(8)	28	(63)
U.S. Insurance JV [Member]
Asset management	317	269	561	535
Principal transactions and other income	185	(190)	288	(110)
Insurance SPAC III [Member]
Principal transactions and other income	0	60	0	120
Income (loss) from equity method affiliates	0	(366)	0	(955)
Stoa USA, Inc. [Member]
Principal transactions and other income	0	4,504	0	4,196
Other SPAC Sponsor Entities [Member]
Principal transactions and other income	10	35	25	60
Income (loss) from equity method affiliates	(580)	(2,421)	(1,117)	(13,928)
CREO JV [Member]
Principal transactions and other income	158	37	507	117
Dutch Real Estate Entities [Member]
Income (loss) from equity method affiliates	69	(257)	211	(265)
Duane Morris [Member]
Operating expense (income)	61	153	236	295
Cohen Circle LLC [Member]
Operating expense (income)	(25)	(22)	(51)	(43)
DGC Trust [Member]
Interest expense (income)	0	0	0	327
JKD Investor [Member]
Interest expense (income)	$ 196	$ 290	$ 514	$ 561

Note 25 - Due From Due to Rel_3

Note 25 - Due From Due to Related Parties (Details Textual)	Feb. 01, 2023 USD ($) shares
Executive Chairman [Member]
Number of Redeemed LLC Units	479,380
Aggregate Payable for Redeemed Units	$ 420,896
Redeemed LLC Units, Price Per Unit	$ 0.878
Executive Chairman [Member] | Restricted LLC Units [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | shares	967,830
Chief Executive Officer [Member]
Number of Redeemed LLC Units	470,330
Aggregate Payable for Redeemed Units	$ 412,949
Redeemed LLC Units, Price Per Unit	$ 0.878
Chief Executive Officer [Member] | Restricted LLC Units [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | shares	470,330
Chief Executive Officer [Member] | Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | shares	49,750

Note 25 - Due From Due To Rel_4

Note 25 - Due From Due To Related Parties - Due From Due To Related Parties (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021
Other Receivables	$ 5,734	$ 9,527	$ 9,527
U.S. Insurance JV [Member]
Other Receivables	317	261
SPAC Fund [Member]
Other Receivables	208	294
Employees & Other [Member]
Other Receivables	194	232
Due From Related Parties [Member]
Other Receivables	$ 719	$ 787