Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 1865

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 2
Chunk 1865
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 and liabilities within the level 3 category that  may be presented in the tables below  may include changes in fair value that were attributable to both observable (e.g., changes in market interest rates) and unobservable (e.g., changes in unobservable long-dated volatilities) inputs. 
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   The following tables present information about the Company’s assets and liabilities measured at fair value as of  December 31, 2024 and 2023, and indicate the valuation hierarchy of the valuation techniques utilized by the Company to determine such fair value.
    
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    FAIR VALUE MEASUREMENTS ON A RECURRING BASIS 
 As of  December 31, 2024 
 (Dollars in Thousands) 

               Significant    Significant  
       Quoted Prices in    Other 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