Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 142

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1C
Chunk 142
---
 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  $148,332  $181,328 

   Substantially all of the Company's investments-trading other than SBA loans serve as collateral for the Company's margin loan payable.  See note 6. The SBA loans serve as collateral for the Company's repurchase obligations.  See note 11.  
    
   Trading Securities Sold, Not Yet Purchased 
   ﻿ 
   Trading securities sold, not yet purchased consisted of the following.
    
   ﻿ 
   ﻿ 
    TRADING SECURITIES SOLD, NOT YET PURCHASED 
 (Dollars in Thousands) 

       December 31, 2024    December 31, 2023  
 Corporate bonds and redeemable preferred stock  $7,