Company: COHN
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001437749-25-014235
Chunk: 148

Company: Cohen & Co Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 8
Chunk 148
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-15-2 (commonly referred to as investment companies) or that have fair values that are readily determinable; and 
  ●   investments in residential mortgage loans. 

   The changes in fair value (realized and unrealized gains and losses) of these instruments for which the Company has elected the fair value option are recorded in principal transactions and other income in the consolidated statements of operations. All of the investments for which the Company has elected the fair value option are included as a component of other investments, at fair value in the consolidated balance sheets.
    
   The Company recognized net gains (losses) of ($16,219) and ($28,924), related to changes in fair value of investments that were included as a component of other investments, at fair value during the three months ended  March 31, 2025 and 2024, respectively. 
    
   The Company recognized net gains (losses) of $802 and $9,426, related to changes in fair value of investments that were included as a component of other investments sold, not yet purchased during the three months ended  March 31, 2025 and 2024, respectively.
    
   Fair Value Measurements 
    
   In accordance with FASB ASC 820, the Company has categorized its financial instruments, based on the priority of the inputs to the valuation technique, into a three-level valuation hierarchy. The valuation hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurement) and the lowest priority to unobservable inputs (level 3 measurement). The three levels of the valuation hierarchy under FASB ASC 820 are described below.
    
   Level 1            Financial assets and liabilities with values that are based on unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.
    
   Level 2           Financial assets and liabilities with values that are based on one or more of the following:
    
     1.  Quoted prices for similar assets or liabilities in active markets; 
  2.  Quoted prices for identical or similar assets or liabilities in non-active markets; 
  3.  Pricing models with inputs that are derived, other than quoted prices, and observable for substantially the full term of the asset or liability; or 
  4.  Pricing models with inputs that are derived principally