Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 1409

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1A
Chunk 1409
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 at fair value.  All information is presented on a combined basis.

       December 31, 2024    December 31, 2023  
 Total Assets  $620,512  $628,495 

 Liabilities  $317,160  $329,661 
 Equity allocable to the controlling interest   303,227   298,709 
 Noncontrolling interest   125   125 
 Total Equity   303,352   298,834 
 Total Liabilities & Equity  $620,512  $628,495 

       Year Ended December 31,  
   2024    2023    2022  
             
 Net income/(loss)  $19,618  $17,858  $(100,481)
 Net income/(loss) attributable to the investee  $19,603  $17,843  $(100,495)

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        F-
       39

   13. GOODWILL 
   ﻿ 
   Goodwill is comprised of the following.
    
   ﻿ 
   ﻿ 
   ﻿ 
    GOODWILL 
 (Dollars in Thousands) 

       December 31, 2024    December 31, 2023  
 AFN  $109  $109 
 Goodwill  $109  $109 

   The annual impairment testing date for AFN goodwill is  October 1. The first testing date following the AFN Merger was  October 1, 2010. The Company determined the goodwill was not impaired as of 2024, 2023, and 2022. The Company concluded there was no triggering event for the goodwill related to AFN.

        F-
       40

   14. LEASES 
    
   As of  December 31, 2024, all of the leases to which the Company was a party were operating leases.  The weighted average remaining term of the leases was 9.4 years.  The weighted average discount rate for the leases was 5.95%. Maturities of operating lease liability payments consisted of the following.
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   ﻿ 
    FUTURE MATURITY OF LEASE LIABILITIES 
 (Dollars in Thousands) 

       December 31, 2024  
 202