Company: COHN
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001437749-25-014235
Chunk: 106

Company: Cohen & Co Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 1
Chunk 106
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 of our clearing arrangements would result in a significant disruption to our business and would have a significant negative impact on our dealings and relationship with our customers. 

The following table presents our period end balance, average monthly balance, and maximum balance at any month end during the three months ended March 31, 2025 and the twelve months ended December 31, 2024 for receivables under resale agreements and securities sold under agreements to repurchase.

     For the Three Months Ended March 31, 2025

     For the Twelve Months Ended December 31, 2024

      Receivables under resale agreements 

      Period end 
      
     $
     673,700

     $
     668,259

      Monthly average 
      
     $
     670,197

     $
     566,987

      Maximum month end 
      
     $
     673,700

     $
     743,654

      Securities sold under agreements to repurchase 

      Period end 
      
     $
     707,454

     $
     695,966

      Monthly average 
      
     $
     700,295

     $
     570,715

      Maximum month end 
      
     $
     707,454

     $
     742,120

Fluctuations in the balance of our repurchase agreements from period to period and intra-period are dependent on business activity in those periods. The fluctuations in the balances of our receivables under resale agreements over the periods presented were impacted by our clients' desires to execute on balance sheet collateralized financing arrangements.

Average balances and period end balances will fluctuate based on market and liquidity conditions and we consider such intra-period fluctuations as typical for the repurchase market. Month-end balances may be higher or lower than average period balances.  

       71

Debt Financing 

The following table summarizes our long-term indebtedness and other financing outstanding. See note 15 to our consolidated financial statements included in Item 1 in this Quarterly Report on Form 10-Q for a discussion of the Company’s outstanding debt.

DETAIL OF DEBT

(Dollars in Thousands)

      As of 

      As of 
      
      Interest 

      Description 
      
      March 31, 2025 

      December 31, 2024 
      
      Rate Terms 
      
      Interest (2) 
      
      Maturity 

      Non-convertible debt: 

      12.00