Company: COHN
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001437749-25-014235
Chunk: 151

Company: Cohen & Co Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 8
Chunk 151
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 and the CREO JV. The U.S. Insurance JV invests in U.S. Dollar ("USD") denominated debt issued by small insurance and reinsurance companies.  The CREO JV invests primarily in multi-family commercial real estate mortgage-backed loans. According to ASC 820, these investments are not categorized within the valuation hierarchy.   

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   FAIR VALUE MEASUREMENTS ON A RECURRING BASIS
    December 31, 2024
   (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:                 
 Corporate bonds and redeemable preferred stock  $27,043  $-  $27,043  $- 
 Derivatives   4,836   -   4,836   - 
 Equity securities   965   352   613   - 
 Foreign Government Bond   88   -   88   - 
 Municipal bonds   19,914   -   19,914   - 
 RMBS   5   -   5   - 
 SBA loans   28,328   -   28,328   - 
 U.S. government agency MBS and CMOs   45,911   -   45,911   - 
 U.S. government agency debt securities   21,242   -   21,242   - 
 Total investments - trading  $148,332  $352  $147,980  $- 
                 
 Other investments, at fair value:                 
 Equity securities  $1,954  $1,954  $-  $- 
 Equity derivatives   73   -   73   - 
 Restricted equity securities   10,632   6,722   3,910   - 
 Corporate bonds and redeemable preferred stock   531   -   531   - 
 Notes receivable   11,250   -   11,250   - 
 Interests in SPVs