Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 485

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1
Chunk 485
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 respectively, and the fair value of securities pledged as collateral under repos was $700,202 and $415,057 respectively. These amounts include collateral for reverse repos that were re-pledged as collateral for repos.
    
   The total net revenue earned by the Company on its gestation repo business (net interest and fee revenue) was $15,151, $16,068, and $30,595, for the years ended  December 31, 2024, 2023, and 2022, respectively. 
    
   ASC 210 provides the option to present reverse repo and repo on a net basis if certain netting conditions are met.   The Company presents all repo and reverse repo transactions as well as counterparty cash collateral (see note 17) on a gross basis even if the underlying netting conditions are met.  The amounts in the table below are presented on a gross basis. 
   ﻿   
   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 notes 7 and 17) are subject to master netting arrangements.
    
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    SECURED BORROWINGS 
 (Dollars in Thousands) 
  December 31, 2024 

       Repurchase Agreements  
   Remaining Contractual Maturity of the Agreements  
 Collateral Type:   Overnight and Continuous    Up to 30 days    30 - 90 days    Greater than 90 days    Total  
 MBS (gestation repo)  $-  $667,548  $-  $-  $667,548 
 SBA loans   28,418   -   -   -   28,418 
  $28,418  $667,548  $-  $-  $695,966 

       Reverse Repurchase Agreements  
   Remaining Contractual Maturity of the Agreements  
 Collateral Type:   Overnight and Continuous    Up to 30 days    30 - 90 days    Greater than 90 days    Total  
 MBS (gestation repo)  $-  $668,259  $-