Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 624

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 13
Chunk 624
---
, in management’s judgement, one is necessary for credit losses.  During 2024, the Company recorded a provision for credit losses of $2,556, which is included as a component of professional fees and other operating expenses in the statement of operations and we fully wrote off $306 of receivables.  It is the Company's policy to fully write off the receivable and related allowance when it has abandoned collection efforts. 
    
   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.
    
   Accrued interest receivable represents 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 yet purchased is included as a component of accounts payable and other liabilities. See note 17.
    
   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 11.
    
   Miscellaneous other receivables are receivables that are of a short-term nature.
   ﻿  

        F-
       24

   8. FINANCIAL INSTRUMENTS 
   ﻿ 
   Investments—Trading 
   ﻿ 
   Investments-trading consisted of the following.
    
   ﻿ 
    INVESTMENTS - TRADING 
 (Dollars in Thousands) 

       December 31, 2024    December 31, 2023  
 Corporate bonds and redeemable preferred stock  $27,043  $53,657 
 Derivatives   4,836   7,470 
 Equity securities   965   928 
 Foreign government bond   88   - 
 Municipal bonds   19,914   20,572 
 Residential mortgage loans   -   3,113 
 RMBS   5   9 
 SBA loans   28,328   - 
 U.S. government agency MBS and CMOs   45,911   88,000 
 U.S. government agency debt securities   21,242   6,567 
 U.S. Treasury securities   -   1,012 
 Investments-trading  $