0001437749-26-008139 | 10-K | XBRL Viewer | Bimini Capital Management INC

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Note 17 - Subsequent Event (Details Textual) - Subsequent Event [Member] - Tom Johnson Investment Management, LLC (TJIM) [Member]	Jan. 13, 2026 USD ($)
Business Combination, Purchase Price, Percent of Revenue	80.00%
Business Combination, Price of Acquisition, Expected Benchmark	$ 12,000,000
Business Combination, Consideration Transferred, Interest Rate	5.00%
Business Combination, Consideration Transferred, Purchase Price Excess	$ 1,000,000
Business Acquisition, Remaining Percentage of Voting Interests	20.00%

Note 3 - Mortgage-backed Securities - Net Gain (Loss) From Sale of MBS (Details) - Collateralized Mortgage-Backed Securities [Member] - USD ($)	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Proceeds from sales of MBS	$ 19,513,040	$ 46,252,051
Carrying value of MBS sold	19,732,000	46,814,000
Net loss on sales of MBS	(219,000)	(562,000)
Gross gain sales of MBS	39,000	0
Gross loss on sales of MBS	$ (258,000)	$ (562,000)

Insider Trading Policies and Procedures	12 Months Ended
Insider Trading Policies and Procedures	Dec. 31, 2025
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted [Flag]	true

Insider Trading Arrangements	3 Months Ended	12 Months Ended
Insider Trading Arrangements	Dec. 31, 2025	Dec. 31, 2025
Trading Arrangements, by Individual [Table]
Material Terms of Trading Arrangement [Text Block]		*ITEM 9B.* OTHER INFORMATION.** During the quarter ended December 31, 2025, no director or officer of the Company adopted, modified or terminated any Rule 10b5-1 trading arrangement or non-Rule 10b5-1 trading arrangement, each as defined in Item 408 of Regulation S-K.
Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false
Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false

Note 12 - Income Taxes - Components of Income Tax (Details) - USD ($)	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Current:
Federal	$ 0	$ 0
State	0	0
Total current	0	0
Deferred:
Federal	(1,712,000)	2,349,000
State	403,000	768,000
Total deferred	(1,308,695)	3,116,727
Income tax (benefit) provision	$ (1,308,695)	$ 3,116,727

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

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+ Details

Note 15 - Segment Information (Details Textual) $ in Thousands	12 Months Ended
	Dec. 31, 2025 USD ($)	Dec. 31, 2024 USD ($)	Jan. 13, 2026
Number of Reportable Segments	2
Retained Interest, Fair Value Disclosure	$ 0	$ 0
Tom Johnson Investment Management, LLC (TJIM) [Member] \| Subsequent Event [Member]
Business Combination, Voting Equity Interest Acquired, Percentage			80.00%
Subsidiary of Common Parent [Member] \| Advisory Service [Member]
Related Party Transaction, Rate	1.50%
Orchid Island Capital [Member]
Retained Interest, Fair Value Disclosure	$ 16,600	$ 12,800
Orchid Island Capital [Member] \| Customer Concentration Risk [Member] \| Revenue Benchmark [Member]
Concentration Risk, Percentage	70.00%	66.00%

Note 4 - Property and Equipment, Net - Composition of Property and Equipment (Details) - USD ($)	Dec. 31, 2025	Dec. 31, 2024
Property and Equipment	$ 3,277,000	$ 3,277,000
Less accumulated depreciation and amortization	(1,508,000)	(1,432,000)
Property and equipment, net	1,768,864	1,845,014
Land [Member]
Property and Equipment	1,185,000	1,185,000
Building and Building Improvements [Member]
Property and Equipment	1,827,000	1,827,000
Computer Equipment [Member]
Property and Equipment	45,000	45,000
Office Furniture and Equipment [Member]
Property and Equipment	$ 220,000	$ 220,000

Note 4 - Property and Equipment, Net

12 Months Ended

Dec. 31, 2025

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

NOTE 4. PROPERTY AND EQUIPMENT, NET

The composition of property and equipment as of December 31, 2025 and 2024 follows:

(in thousands)
	*2025*			*2024*
Land	$	1,185		$	1,185
Buildings and improvements		1,827			1,827
Computer equipment and software		45			45
Office furniture and equipment		220			220
Total cost		3,277			3,277
Less accumulated depreciation and amortization		(1,508	)		(1,432	)
Property and equipment, net	$	1,769		$	1,845

Note 15 - Segment Information

12 Months Ended

Dec. 31, 2025

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

NOTE 15. SEGMENT INFORMATION

The Company’s business is organized into the asset management and the investment portfolio segments, with each representing a reportable segment. Our CODM is our Chief Executive Officer. The results of each segment are regularly reviewed by the CODM to assess the performance of the segment and make decisions regarding the allocation of resources to the segments. The primary measure of segment performance used by the CODM is income before federal income taxes. Net revenues is also used to assess the financial performance of the segments and for purposes of allocating resources. The accounting policies of our two reportable business segments are the same as those described in Note 1.

The asset management segment includes the investment advisory services provided by Bimini Advisors to Orchid and Royal Palm. As discussed in Note 2, the revenues of the asset management segment consist of management fees, overhead reimbursements and repurchase, clearing and administrative fees received pursuant to a management agreement with Orchid. Total revenues received under this management agreement for the years ended December 31, 2025 and 2024, were approximately $16.6 million and $12.8 million, respectively, accounting for approximately 70% and 66% of consolidated revenues, respectively.

The investment portfolio segment includes the investment activities conducted by Royal Palm. The investment portfolio segment receives revenue in the form of interest and dividend income on its investments.

The majority of our assets, revenues and expenses are directly associated with each respective business segment and are included in determining its asset balance and operating results. Those assets, revenues and expenses that are not directly attributable to a particular business segment are included in the Corporate function. Corporate operating expenses are allocated to the reportable segments based on their proportional share of total revenues. As a result, the sum of each income statement line item for the two reportable segments and the Corporate function is equal to that same income statement line item for the consolidated entity. In addition, the sum of the total assets for the two reportable segments and the Corporate function is equal to the total assets of the consolidated entity.

Segment information for the years ended December 31, 2025 and 2024 is as follows:

(in thousands)
	*Asset Management*			*Investment Portfolio*			*Corporate*				*Eliminations*			*Total*
2025
Advisory services, external customers	$	16,575		$	-		$	-			$	-		$	16,575
Advisory services, other operating segments⁽¹⁾		189			-			-				(189	)		-
Interest and dividend income		-			7,129			-				-			7,129
Interest expense		-			(4,677	)		(2,136	)	⁽²⁾		-			(6,813	)
Net revenues		16,764			2,452			(2,136	)			(189	)		16,891
Other income		-			205			-				-			205
Operating expenses⁽³⁾		(8,778	)		(3,825	)		-				-			(12,603	)
Intercompany expenses⁽¹⁾		-			(189	)		-				189			-
Income (loss) before income taxes	$	7,986		$	(1,357	)	$	(2,136	)		$	-		$	4,493
Year-end assets	$	2,617		$	120,751		$	6,326			$	-		$	129,694

	*Asset Management*			*Investment Portfolio*			*Corporate*				*Eliminations*			*Total*
2024
Advisory services, external customers	$	12,784		$	-		$	-			$	-		$	12,784
Advisory services, other operating segments⁽¹⁾		145			-			-				(145	)		-
Interest and dividend income		-			6,657			1				-			6,658
Interest expense		-			(5,140	)		(2,401	)	⁽²⁾		-			(7,541	)
Net revenues		12,929			1,517			(2,400	)			(145	)		11,901
Other (expense) income		-			1,167			-				-			1,167
Operating expenses⁽³⁾		(7,241	)		(4,016	)		(1	)			-			(11,258	)
Intercompany expenses⁽¹⁾		-			(145	)		-				145			-
Income (loss) before income taxes	$	5,688		$	(1,477	)	$	(2,401	)		$	-		$	1,810
Year-end assets	$	2,006		$	146,714		$	6,134			$	-		$	154,854

(1)	Includes fees paid by Royal Palm to Bimini Advisors for advisory services at an annualized rate of 1.5% of capital allocated to Royal Palm's MBS portfolio.

(2)	Includes interest on long-term debt.

(3)	Corporate expenses are allocated based on each segment’s proportional share of total revenues.

If the acquisition of 80% of the fully diluted equity interests of Tom Johnson Investment Management, LLC, a registered investment adviser (“TJIM”), is completed (the “TJIM Acquisition”), the composition of the Company’s business will change both from the perspective of how its capital is deployed and how it reports its results for its operating segments. See Note 17 for a discussion of the TJIM Acquisition. The TJIM Acquisition will require the deployment of a significant portion of the Company’s capital, including all capital currently deployed into the investment portfolio with the exception of shares of Orchid. The results of TJIM going forward would represent a significant portion of the Company’s aggregate results. If the TJIM Acquisition is completed and the Company is able to generate and retain earnings going forward, the Company expects that such funds will be deployed into an Agency MBS investment portfolio, in which case they are expected to be managed more conservatively in terms of the amount of leverage employed when compared to leverage employed by the Company historically. Given the Company’s intention to retain ownership of shares of Orchid if the TJIM Acquisition closes, the Company’s operating segments would consist of the management of Orchid, the controlling stake in the operations of TJIM, and to a lesser extent its investment portfolio, for a total of three reportable segments.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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+ Details

Note 2 - Advisory Services (Tables)

12 Months Ended

Dec. 31, 2025

Notes Tables

Schedule of Advisory Fee Income [Table Text Block]

(in thousands)
	*2025*		*2024*
Management fee	$	12,723	$	9,354
Allocated overhead		2,782		2,644
Repurchase, clearing and administrative fee		1,070		786
Total	$	16,575	$	12,784

Note 1 - Organization and Significant Accounting Policies - Summary of Cash, Cash Equivalents and Restricted Cash (Details) - USD ($)	Dec. 31, 2025	Dec. 31, 2024
Cash and cash equivalents	$ 12,696,660	$ 5,671,347
Restricted cash	1,621,399	1,751,399
Total cash, cash equivalents and restricted cash	$ 14,318,059	$ 7,422,746

Note 7 - Pledged Assets (Tables)

12 Months Ended

Dec. 31, 2025

Notes Tables

Schedule of Financial Instruments Owned and Pledged as Collateral [Table Text Block]

($ in thousands)
	*December 31, 2025*						*December 31, 2024*
	*Repurchase*		*Derivative*				*Repurchase*		*Derivative*
Assets Pledged to Counterparties	*Agreements*		*Agreements*		*Total*		*Agreements*		*Agreements*		*Total*
PT MBS - at fair value	$	88,808	$	-	$	88,808	$	119,960	$	-	$	119,960
Structured MBS - at fair value		-		-		-		2,133		-		2,133
Accrued interest on pledged securities		413		-		413		599		-		599
Cash		568		1,053		1,621		629		1,122		1,751
Total	$	89,789	$	1,053	$	90,842	$	123,321	$	1,122	$	124,443

Schedule of Financial Instruments Pledged as Collateral From Counterparties [Table Text Block]

($ in thousands)
Assets Pledged to Bimini	*2025*		*2024*
Cash	$	-	$	250
Total	$	-	$	250

Note 14 - Fair Value (Tables)

12 Months Ended

Dec. 31, 2025

Notes Tables

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

(in thousands)
			*Quoted Prices*
			*in Active*		*Significant*
			*Markets for*		*Other*		*Significant*
			*Identical*		*Observable*		*Unobservable*
	*Fair Value*		*Assets*		*Inputs*		*Inputs*
	*Measurements*		*(Level 1)*		*(Level 2)*		*(Level 3)*
December 31, 2025
Mortgage-backed securities	$	88,929	$	-	$	88,929	$	-
Orchid Island Capital, Inc. common stock		4,097		4,097		-		-
December 31, 2024
Mortgage-backed securities	$	122,348	$	-	$	122,348	$	-
Orchid Island Capital, Inc. common stock		4,427		4,427		-		-

Note 9 - Long-term Debt (Tables)

12 Months Ended

Dec. 31, 2025

Notes Tables

Schedule of Long-Term Debt Instruments [Table Text Block]

(in thousands)
	*2025*		*2024*
Junior subordinated debt	$	26,804	$	26,804
Note payable		543		564
Total	$	27,347	$	27,368

Schedule of Maturities of Long-Term Debt [Table Text Block]

(in thousands)
Year Ending December 31,	*Amounts*
2026	$	23
2027		25
2028		27
2029		29
2030		31
Thereafter		27,212
Total	$	27,347

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details

Note 8 - Offsetting Assets And Liabilities (Tables)

12 Months Ended

Dec. 31, 2025

Notes Tables

Offsetting Liabilities [Table Text Block]

(in thousands)
*Offsetting of Liabilities*
					*Net Amount*		*Gross Amount*
			*Gross*		*of Liabilities*		*Not Offset in the*
			*Amount*		*Presented*		*Consolidated Balance Sheet*
	*Gross*		*Offset in the*		*in the*		*Financial*
	*Amount of*		*Consolidated*		*Consolidated*		*Instruments*			*Cash*
	*Recognized*		*Balance*		*Balance*		*Posted as*			*Posted as*			*Net*
	*Liabilities*		*Sheet*		*Sheet*		*Collateral*			*Collateral*			*Amount*
December 31, 2025
Repurchase Agreements	$	85,326	$	-	$	85,326	$	(84,758	)	$	(568	)	$	-
	$	85,326	$	-	$	85,326	$	(84,758	)	$	(568	)	$	-
December 31, 2024
Repurchase Agreements	$	117,181	$	-	$	117,181	$	(116,552	)	$	(629	)	$	-
	$	117,181	$	-	$	117,181	$	(116,552	)	$	(629	)	$	-

Cybersecurity Risk Management and Strategy Disclosure

12 Months Ended

Dec. 31, 2025

Cybersecurity Risk Management, Strategy, and Governance [Line Items]

Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]

ITEM 1C. CYBERSECURITY

The Board plays an active role in overseeing management of our risks, and cybersecurity represents an important component of the Company’s overall approach to risk management and oversight. Our cybersecurity processes and practices are integrated into the Company’s risk management and oversight program. In general, the Company seeks to address cybersecurity risks through a comprehensive, cross-functional approach that is focused on preserving the confidentiality, security and availability of the information that the Company collects and stores by identifying, preventing and mitigating cybersecurity threats and effectively responding to cybersecurity incidents when they occur. The Company has adopted a cybersecurity incident response plan to enable rapid response, curtail further security breaches, mitigate and manage costs, and facilitate timely disclosure of material cyber incidents as required by the SEC.

Risk Management and Strategy

The Company and our Board place a high priority on maintaining security over our financial information that can be accessed via the Internet and mitigating information security risks. The Company engages a third-party security firm to provide threat detection and reports, conduct annual testing of our systems, train our employees and generally advise on cybersecurity processes. At least annually, our information technology team makes a formal presentation to our Audit Committee and the Board to keep them apprised of the level of cybersecurity that exists to protect our financial information, training of the Company’s officers and employees, and the latest threats that have emerged, including a presentation from the third-party security firm.

The Company’s cybersecurity program is focused on the following key areas:

●

Governance: As discussed in more detail under “Item 1C. Cybersecurity—Governance,” the Audit Committee and the Board oversee cybersecurity risk management by regularly interacting with the Company’s management team, our information technology team and a third-party security firm.

●

Collaborative Approach: The Company has implemented a comprehensive, cross-functional approach to identifying, preventing and mitigating cybersecurity threats and incidents, while also implementing controls and procedures that provide for the prompt escalation of certain cybersecurity incidents so that decisions regarding the public disclosure and reporting of such incidents can be made by management in a timely manner.

●

Technical Safeguards: The Company deploys technical safeguards that are designed to protect information systems from cybersecurity threats, including firewalls, intrusion prevention and detection systems, redundant data storage and retention methods, anti-malware functionality and access controls, which are evaluated and improved through vulnerability and exposure assessments and cybersecurity threat intelligence. With the help of our third-party security firm, the Company has implemented several layers of physical security, digital security and data backup.

●

Incident Response and Recovery Planning: The Company has established a comprehensive incident response and recovery plan that addresses the response to a cybersecurity incident and plans to test and evaluate that plan on a regular basis.

●

Third-Party Risk Management: The Company maintains a comprehensive, risk-based approach to identifying and overseeing cybersecurity risks presented by third parties, including counterparties, service providers or other external users of our systems, as well as the systems of third parties that could adversely impact the Company’s business in the event of a cybersecurity incident affecting those third-party systems.

●

Education and Awareness: A third-party security firm provides training to our employees, helping our information technology team to maintain a state-of-the-art cybersecurity system and staying up to date on the latest threats and counter measures available. The third-party security firm places a high priority on employee threat education through automated internal phishing tests. Our information technology team attends continuing education seminars and receives timely alerts to any new viruses or cyber threats as they occur as a means to equip personnel with effective tools to address cybersecurity threats, and to communicate evolving information security policies, standards, processes and practices.

Cybersecurity threats, including as a result of any previous cybersecurity incidents, have not materially affected and are not reasonably likely to affect the Company, including its business strategy, results of operations or financial condition. The Company is not aware of any material security breach to date. Accordingly, the Company has not incurred any expenses over the last three years on information security breaches. However, the Company faces certain ongoing risks from cybersecurity that, if realized, could materially affect the Company. See “Item 1A. Risk Factors - The occurrence of cyber-incidents, or a deficiency in our cybersecurity or in those of any of our third party service providers could negatively impact our business by causing a disruption to our operations, a compromise or corruption of our confidential information or damage to our business relationships or reputation, all of which could negatively impact our business and results of operations.” There can be no assurance that the Company's cybersecurity risk management program and processes, including its policies, controls or procedures, will be fully implemented, complied with or effective in protecting its systems and information.

Cybersecurity Risk Management Processes Integrated [Flag]

true

Cybersecurity Risk Management Processes Integrated [Text Block]

Cybersecurity Risk Management Third Party Engaged [Flag]

true

Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]

true

Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Text Block]

Cybersecurity Risk Board of Directors Oversight [Text Block]

Governance

The Company believes oversight of cybersecurity risk is the responsibility of the Audit Committee and the full Board. Accordingly, the Audit Committee and the Board oversee the Company’s cybersecurity risk management process. The Board considers the Company’s cybersecurity posture and risk exposure with management taking into consideration the Company’s operations and the types of data retained on its systems as part of its and the Audit Committee’s periodic review of the Company’s risk management. The Company’s primary business involves investments in Agency MBS, which are securities backed primarily by single-family residential mortgage loans. The Company does not receive personal information on individual mortgage borrowers. The Board reviews the Company’s cybersecurity program and risk exposure with management on at least an annual basis and receives periodic reports from management, the information technology team, and the Company’s third-party security firm on these matters from time to time. The Board may also conduct additional cybersecurity reviews or receive additional updates or reports as it deems necessary. Messrs. Cauley and Haas work collaboratively to implement a program designed to protect our information systems from cybersecurity threats and to promptly respond to any cybersecurity incidents in accordance with the Company’s incident response and recovery plan. These members of the Company’s management team monitor the prevention, detection, mitigation and remediation of cybersecurity threats and incidents and report such threats and incidents to the Board when appropriate. Messrs. Cauley and Haas each hold undergraduate and graduate degrees in their respective fields, and each have over 20 years of experience managing risks at the Company and at similar companies, including risks arising from cybersecurity threats.

Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]

Cybersecurity Risk Management Positions or Committees Responsible [Flag]

true

Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]

true

Note 4 - Property and Equipment, Net (Tables)

12 Months Ended

Dec. 31, 2025

Notes Tables

Property, Plant and Equipment [Table Text Block]

(in thousands)
	*2025*			*2024*
Land	$	1,185		$	1,185
Buildings and improvements		1,827			1,827
Computer equipment and software		45			45
Office furniture and equipment		220			220
Total cost		3,277			3,277
Less accumulated depreciation and amortization		(1,508	)		(1,432	)
Property and equipment, net	$	1,769		$	1,845

Note 15 - Segment Information (Tables)

12 Months Ended

Dec. 31, 2025

Notes Tables

Reconciliation of Revenue from Segments to Consolidated [Table Text Block]

(in thousands)
	*Asset Management*			*Investment Portfolio*			*Corporate*				*Eliminations*			*Total*
2025
Advisory services, external customers	$	16,575		$	-		$	-			$	-		$	16,575
Advisory services, other operating segments⁽¹⁾		189			-			-				(189	)		-
Interest and dividend income		-			7,129			-				-			7,129
Interest expense		-			(4,677	)		(2,136	)	⁽²⁾		-			(6,813	)
Net revenues		16,764			2,452			(2,136	)			(189	)		16,891
Other income		-			205			-				-			205
Operating expenses⁽³⁾		(8,778	)		(3,825	)		-				-			(12,603	)
Intercompany expenses⁽¹⁾		-			(189	)		-				189			-
Income (loss) before income taxes	$	7,986		$	(1,357	)	$	(2,136	)		$	-		$	4,493
Year-end assets	$	2,617		$	120,751		$	6,326			$	-		$	129,694

	*Asset Management*			*Investment Portfolio*			*Corporate*				*Eliminations*			*Total*
2024
Advisory services, external customers	$	12,784		$	-		$	-			$	-		$	12,784
Advisory services, other operating segments⁽¹⁾		145			-			-				(145	)		-
Interest and dividend income		-			6,657			1				-			6,658
Interest expense		-			(5,140	)		(2,401	)	⁽²⁾		-			(7,541	)
Net revenues		12,929			1,517			(2,400	)			(145	)		11,901
Other (expense) income		-			1,167			-				-			1,167
Operating expenses⁽³⁾		(7,241	)		(4,016	)		(1	)			-			(11,258	)
Intercompany expenses⁽¹⁾		-			(145	)		-				145			-
Income (loss) before income taxes	$	5,688		$	(1,477	)	$	(2,401	)		$	-		$	1,810
Year-end assets	$	2,006		$	146,714		$	6,134			$	-		$	154,854

Note 3 - Mortgage-backed Securities - MBS Portfolio (Details) - Collateralized Mortgage-Backed Securities [Member] - USD ($)
$ in Thousands

Dec. 31, 2025

Dec. 31, 2024

Par Value

$ 86,293

$ 120,502

Cost

^[1]

87,266

123,878

Fair Value

$ 88,929

$ 122,348

[1]	The cost information in the table above represents the aggregate current par value, multiplied by the purchase price of each security in the portfolio.

Note 1 - Organization and Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2025

Notes Tables

Schedule of Cash and Cash Equivalents [Table Text Block]

	*2025*		*2024*
Cash and cash equivalents	$	12,696,660	$	5,671,347
Restricted cash		1,621,399		1,751,399
Total cash, cash equivalents and restricted cash	$	14,318,059	$	7,422,746

Note 12 - Income Taxes - Income Before Tax (Details) - USD ($)	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Domestic	$ 4,493,000	$ 1,810,000
Foreign	0	0
Net income before income tax (benefit) provision	$ 4,492,695	$ 1,810,393

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

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+ Details

Note 12 - Income Taxes - Loss Carryforwards (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Related deferred tax asset, federal	$ 51,610	$ 53,326
Related deferred tax asset, state	894	1,249
Domestic Tax Jurisdiction [Member]
Net operating loss carryforwards	245,762	253,933
Valuation allowance	(40,823)	(44,537)
State and Local Jurisdiction [Member]
Net operating loss carryforwards	20,564	28,735
Valuation allowance	$ 0	$ 0

Note 14 - Fair Value

12 Months Ended

Dec. 31, 2025

Notes to Financial Statements

Fair Value Disclosures [Text Block]

NOTE 14. FAIR VALUE

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). A fair value measure should reflect the assumptions that market participants would use in pricing the asset or liability, including the assumptions about the risk inherent in a particular valuation technique, the effect of a restriction on the sale or use of an asset and the risk of non-performance. Required disclosures include presentation of balance sheet amounts measured at fair value based on inputs the Company uses to derive fair value measurements. These inputs are:

●

Level 1 valuations, where the valuation is based on quoted market prices for identical assets or liabilities traded in active markets (which include exchanges and over-the-counter markets with sufficient volume),

●

Level 2 valuations, where the valuation is based on quoted market prices for similar instruments traded in active markets, quoted prices for identical or similar instruments in markets that are not active and model-based valuation techniques for which all significant assumptions are observable in the market, and

●

Level 3 valuations, where the valuation is generated from model-based techniques that use significant assumptions not observable in the market, but observable based on Company-specific data. These unobservable assumptions reflect the Company’s own estimates for assumptions that market participants would use in pricing the asset or liability. Valuation techniques typically include option pricing models, discounted cash flow models and similar techniques, but may also include the use of market prices of assets or liabilities that are not directly comparable to the subject asset or liability.

The Company's MBS and Orchid common stock are recorded at fair value on a recurring basis as of December 31, 2025 and 2024. When determining fair value measurements, the Company considers the principal or most advantageous market in which it would transact and considers assumptions that market participants would use when pricing the asset. When possible, the Company looks to active and observable markets to price identical assets. When identical assets are not traded in active markets, the Company looks to market observable data for similar assets.

The Company's MBS are valued using Level 2 valuations, and such valuations currently are determined by the Company based on independent pricing sources and/or third party broker quotes. Because the price estimates may vary, the Company must make certain judgments and assumptions about the appropriate price to use to calculate the fair values. The Company and the independent pricing sources use various valuation techniques to determine the price of the Company’s securities. These techniques include observing the most recent market for like or identical assets (including security coupon, maturity, yield, and prepayment speeds), spread pricing techniques to determine market credit spreads (option adjusted spread, zero volatility spread, spread to the U.S. Treasury curve or spread to a benchmark such as a TBA security), and model driven approaches (the discounted cash flow method, Black Scholes and SABR models which rely upon observable market rates such as the term structure of interest rates and volatility). The appropriate spread pricing method used is based on market convention. The pricing source determines the spread of recently observed trade activity or observable markets for assets similar to those being priced. The spread is then adjusted based on variances in certain characteristics between the market observation and the asset being priced. Those characteristics include: type of asset, the expected life of the asset, the stability and predictability of the expected future cash flows of the asset, whether the coupon of the asset is fixed or adjustable, the guarantor of the security if applicable, the coupon, the maturity, the issuer, size of the underlying loans, year in which the underlying loans were originated, loan to value ratio, state in which the underlying loans reside, credit score of the underlying borrowers and other variables if appropriate. The fair value of the security is determined by using the adjusted spread.

The Company’s futures contracts are Level 1 valuations, as they are exchange-traded instruments and quoted market prices are readily available. Futures contracts are settled daily. Retained interests have a recorded fair value of zero as of December 31, 2025 and 2024, as the prospect of future cash flows is uncertain based on a Level 3 valuation analysis. Any cash received from the retained interests is reflected as a gain in the consolidated statements of operations.

The estimated fair value of cash and cash equivalents, restricted cash, accrued interest receivable, other assets, due from affiliates, repurchase agreements, accrued interest payable and other liabilities generally approximates their carrying values due to the short-term nature of these financial instruments. The Company estimates the fair value of the cash and cash equivalents and restricted cash using Level 1 inputs, and the accrued interest receivable, other assets, due from affiliates, repurchase agreements, accrued interest payable and other liabilities using Level 2 inputs. The fair value of the Company’s junior subordinated debt approximates its carrying value. The carrying value is a reasonable estimate of fair value since the instrument carries a floating rate that resets frequently. Further information regarding this instrument is presented in Note 9.

The following table presents financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2025 and 2024:

(in thousands)
			*Quoted Prices*
			*in Active*		*Significant*
			*Markets for*		*Other*		*Significant*
			*Identical*		*Observable*		*Unobservable*
	*Fair Value*		*Assets*		*Inputs*		*Inputs*
	*Measurements*		*(Level 1)*		*(Level 2)*		*(Level 3)*
December 31, 2025
Mortgage-backed securities	$	88,929	$	-	$	88,929	$	-
Orchid Island Capital, Inc. common stock		4,097		4,097		-		-
December 31, 2024
Mortgage-backed securities	$	122,348	$	-	$	122,348	$	-
Orchid Island Capital, Inc. common stock		4,427		4,427		-		-

During the years ended December 31, 2025 and 2024, there were no transfers of financial assets or liabilities between Levels 1, 2 or 3.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
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-Section 55
-Paragraph 107
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-URI https://asc.fasb.org/1943274/2147482078/820-10-55-107

Reference 3: http://www.xbrl.org/2003/role/exampleRef
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-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Subparagraph (c)(3)
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-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 940
-SubTopic 820
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478119/940-820-50-1

+ Details

Note 13 - Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2025

Notes Tables

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

(in thousands, except per-share information)
	*2025*		*2024*
Basic and diluted EPS per Class A common share:
Income (Loss) attributable to Class A common shares:
Basic and diluted	$	5,783	$	(1,302	)
Weighted average common shares:
Class A common shares outstanding at the balance sheet date		10,005		10,005
Effect of weighting		-		-
Weighted average shares-basic and diluted		10,005		10,005
Income (Loss) per Class A common share:
Basic and diluted	$	0.58	$	(0.13	)

(in thousands, except per-share information)
	*2025*		*2024*
Basic and diluted EPS per Class B common share:
Income (Loss) attributable to Class B common shares:
Basic and diluted	$	18	$	(4	)
Weighted average common shares:
Class B common shares outstanding at the balance sheet date		32		32
Effect of weighting		-		-
Weighted average shares-basic and diluted		32		32
Income (Loss) per Class B common share:
Basic and diluted	$	0.58	$	(0.13	)

Note 12 - Income Taxes - Reconciliation of Effective Income Tax (Details) - USD ($)

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Federal tax provision based on statutory rate applicable for each year

$ 943,000

$ 380,000

Federal tax provision based on statutory rate applicable for each year, percent

21.00%

State income tax provision(1)

^[1]

$ 186,000

$ 72,000

State income tax provision(1), percent

^[1]

4.10%

4.00%

Prospective change in MBS carrying value

$ 0

$ 329,000

Prospective change in MBS carrying value, percent

0.00%

18.20%

IRC section 162(m), excess compensation

$ 792,000

$ 740,000

IRC section 162(m), excess compensation, percent

17.60%

40.90%

(Decrease) increase of deferred tax asset valuation allowance

$ (3,711,000)

$ 1,286,000

(Decrease) increase of deferred tax asset valuation allowance, percent

(82.60%)

71.00%

Capital loss adjustment

$ 0

$ 217,000

Capital loss adjustment, percent

0.00%

12.00%

Expiration of capital loss carryover

$ 481,000

$ 115,000

Expiration of capital loss carryover, percent

10.80%

6.40%

Other

$ 0

$ (22,000)

Other, percent

0.00%

(1.30%)

Income tax (benefit) provision

$ (1,308,695)

$ 3,116,727

Income tax (benefit) provision, percent

(29.10%)

172.20%

[1]	State taxes in Florida make up the entirety of the tax effect in this category

Note 5 - Other Assets and Other Liabilities - Other Liabilities (Details) - USD ($)	Dec. 31, 2025	Dec. 31, 2024
Accrued payroll	$ 3,583,000	$ 2,867,000
Accrued liabilities	196,000	41,000
Accounts payable	319,000	100,000
Total other liabilities	$ 4,098,421	$ 3,008,415

- Definition

Amount of liabilities classified as other.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(15))
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Reference 3: http://www.xbrl.org/2003/role/exampleRef
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Reference 4: http://www.xbrl.org/2003/role/exampleRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 944
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1

+ Details

Note 7 - Pledged Assets

12 Months Ended

Dec. 31, 2025

Notes to Financial Statements

Pledged Assets [Text Block]

NOTE 7. PLEDGED ASSETS

Assets Pledged to Counterparties

The table below summarizes Bimini’s assets pledged as collateral under its repurchase agreements and derivative agreements as of December 31, 2025 and 2024.

($ in thousands)
	*December 31, 2025*						*December 31, 2024*
	*Repurchase*		*Derivative*				*Repurchase*		*Derivative*
Assets Pledged to Counterparties	*Agreements*		*Agreements*		*Total*		*Agreements*		*Agreements*		*Total*
PT MBS - at fair value	$	88,808	$	-	$	88,808	$	119,960	$	-	$	119,960
Structured MBS - at fair value		-		-		-		2,133		-		2,133
Accrued interest on pledged securities		413		-		413		599		-		599
Cash		568		1,053		1,621		629		1,122		1,751
Total	$	89,789	$	1,053	$	90,842	$	123,321	$	1,122	$	124,443

Assets Pledged from Counterparties

The table below summarizes assets pledged to Bimini from counterparties under repurchase agreements as of December 31, 2025 and 2024. Cash received as margin is recognized in cash and cash equivalents with a corresponding amount recognized as an increase in repurchase agreements in the consolidated balance sheets.

($ in thousands)
Assets Pledged to Bimini	*2025*		*2024*
Cash	$	-	$	250
Total	$	-	$	250

Note 2 - Advisory Services (Details Textual) - Orchid Island Capital [Member]	12 Months Ended
	Dec. 31, 2025 USD ($)	Dec. 31, 2024 USD ($)
Monthly Management Fee, Calculation, Multiplier to Percentage of Equity	0.0833
Monthly Management Fee, Percentage of Equity, First 250 Million	1.50%
Monthly Management Fee, Percentage of Equity, Between 250 and 500 Million	1.25%
Monthly Management Fee, Percentage of Equity, Over 500 Million	1.00%
Daily Fee, Rate Multiplied By Repurchase Agreements Balance if Less than Five Billion	0.015%
Daily Fee, Rate Multiplied By Repurchase Agreements Balance if More than Five Billion	0.01%
Clearing and Operational Services Fee Per Month	$ 10,000
Management Agreement, Extension Period (Year)	1 year
Management Agreement, Termination Fee, Multiplied by Average Management Fee	3
Accounts Receivable, after Allowance for Credit Loss	$ 1,700,000	$ 1,200,000

Note 10 - Capital Stock (Details Textual) $ / shares in Units, $ in Thousands	Dec. 21, 2015 $ / shares shares	Dec. 31, 2025 USD ($) $ / shares shares	Dec. 10, 2025 $ / shares shares	Dec. 31, 2024 $ / shares shares	Sep. 16, 2021 USD ($)	Sep. 29, 2015 $ / shares shares	Sep. 29, 2005 shares
Common and Preferred Stock, Shares Authorized (in shares)		110,000,000
Common Stock, Shares Authorized (in shares)		100,000,000
Preferred Stock, Shares Authorized (in shares)		10,000,000		10,000,000
Common Stock, Par or Stated Value Per Share (in dollars per share) \| $ / shares		$ 0.001
Preferred Stock, Par or Stated Value Per Share (in dollars per share) \| $ / shares		$ 0.001		$ 0.001
Preferred Stock, Shares Issued (in shares)		0		0
The 2021 Repurchase Plan [Member]
Stock Repurchase Program, Authorized Amount \| $					$ 2,500
Preferred Stock Purchase Right [Member]
Class of Warrant or Right, Issued Per Outstanding Common Stock Share (in shares)	1
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) \| $ / shares	$ 4.76		$ 10.2
Class of Warrant or Right, Number of Securities Called by Each Warrant or Right (in shares)			0.1
Percentage of Common Stock Person or Group Acquires to Make Rights Exercisable	4.90%
Class of Warrant or Right, Redemption Price (in dollars per share) \| $ / shares	$ 0.001
Class of Warrant or Right, Percentage Minimum Adjustment to Purchase Price	1.00%
Common Class A [Member]
Common Stock, Shares Authorized (in shares)		98,000,000		98,000,000
Common Stock, Par or Stated Value Per Share (in dollars per share) \| $ / shares		$ 0.001		$ 0.001
Common Class B [Member]
Common Stock, Shares Authorized (in shares)		1,000,000		1,000,000
Common Stock, Par or Stated Value Per Share (in dollars per share) \| $ / shares		$ 0.001		$ 0.001
Common Stock, Conversion, Maximum Outstanding Percentage		3.00%
Common Class B [Member] \| Minimum [Member]
Common Stock, Conversion Price (in dollars per share) \| $ / shares		$ 150
Common Class C [Member]
Common Stock, Shares Authorized (in shares)		1,000,000		1,000,000
Common Stock, Par or Stated Value Per Share (in dollars per share) \| $ / shares		$ 0.001		$ 0.001
Common Stock, Conversion, Maximum Outstanding Percentage		3.00%
Common Stock, Dividend Rate \| $		$ 0
Common Class C [Member] \| Minimum [Member]
Common Stock, Conversion Price (in dollars per share) \| $ / shares		$ 150
Class A Redeemable Preferred Stock [Member]
Preferred Stock, Shares Authorized (in shares)	0					1,800,000	1,800,000
Preferred Stock, Par or Stated Value Per Share (in dollars per share) \| $ / shares						$ 0.001
Class B Redeemable Preferred Stock [Member]
Preferred Stock, Shares Authorized (in shares)						2,000,000	2,000,000
Preferred Stock, Shares Issued (in shares)							0
Class A Redeemable Preferred Stock and Class B Redeemable Preferred Stock [Member]
Preferred Stock, Voting Rights, Number of Votes							0.2
Preferred Undesignated [Member]
Preferred Stock, Shares Authorized (in shares)	10,000,000	9,900,000		9,900,000
Preferred Stock, Par or Stated Value Per Share (in dollars per share) \| $ / shares	$ 0.001
Series A Preferred Stock [Member]
Preferred Stock, Shares Authorized (in shares)		100,000		100,000
Preferred Stock, Par or Stated Value Per Share (in dollars per share) \| $ / shares	$ 0.001

Note 7 - Pledged Assets - Schedule of Financial Instruments Owned and Pledged as Collateral (Details) - USD ($)	Dec. 31, 2025	Dec. 31, 2024
Investments, fair value	$ 4,097,311	$ 4,427,372
Accrued interest on pledged securities	415,092	601,640
Year-end assets	129,693,972	154,853,657
Asset Pledged as Collateral [Member]
Accrued interest on pledged securities	413,000	599,000
Cash	1,621,000	1,751,000
Year-end assets	90,842,000	124,443,000
Asset Pledged as Collateral [Member] \| Securities Sold under Agreements to Repurchase [Member]
Accrued interest on pledged securities	413,000	599,000
Cash	568,000	629,000
Year-end assets	89,789,000	123,321,000
Asset Pledged as Collateral [Member] \| Derivative [Member]
Accrued interest on pledged securities	0	0
Cash	1,053,000	1,122,000
Year-end assets	1,053,000	1,122,000
Asset Pledged as Collateral [Member] \| Collateralized Mortgage-Backed Securities [Member] \| Pass Through Certificate [Member]
Investments, fair value	88,808,000	119,960,000
Asset Pledged as Collateral [Member] \| Collateralized Mortgage-Backed Securities [Member] \| Pass Through Certificate [Member] \| Securities Sold under Agreements to Repurchase [Member]
Investments, fair value	88,808,000	119,960,000
Asset Pledged as Collateral [Member] \| Collateralized Mortgage-Backed Securities [Member] \| Pass Through Certificate [Member] \| Derivative [Member]
Investments, fair value	0	0
Asset Pledged as Collateral [Member] \| Collateralized Mortgage-Backed Securities [Member] \| Structured Finance [Member]
Investments, fair value	0	2,133,000
Asset Pledged as Collateral [Member] \| Collateralized Mortgage-Backed Securities [Member] \| Structured Finance [Member] \| Securities Sold under Agreements to Repurchase [Member]
Investments, fair value	0	2,133,000
Asset Pledged as Collateral [Member] \| Collateralized Mortgage-Backed Securities [Member] \| Structured Finance [Member] \| Derivative [Member]
Investments, fair value	$ 0	$ 0

Note 9 - Long-term Debt - Schedule of Debt (Details) - USD ($)	Dec. 31, 2025	Dec. 31, 2024
Long-term debt	$ 27,346,546	$ 27,368,158
Junior Subordinated Debt [Member]
Long-term debt	26,804,000	26,804,000
Notes Payable to Banks [Member]
Long-term debt	$ 543,000	$ 564,000

- Definition

Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22))
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+ Details

Note 6 - Repurchase Agreements - Schedule of Repurchase Agreements (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Fair value of securities pledged, including accrued interest receivable	$ 89,220	$ 122,692
Repurchase agreement liabilities associated with these securities	$ 85,326	$ 117,181
Net weighted average borrowing rate	3.98%	4.68%
Maturity Overnight [Member]
Fair value of securities pledged, including accrued interest receivable	$ 0	$ 0
Repurchase agreement liabilities associated with these securities	$ 0	$ 0
Net weighted average borrowing rate	0.00%	0.00%
Maturity Less than 30 Days [Member]
Fair value of securities pledged, including accrued interest receivable	$ 70,681	$ 84,954
Repurchase agreement liabilities associated with these securities	$ 67,669	$ 81,215
Net weighted average borrowing rate	4.00%	4.70%
Maturity 30 to 90 Days [Member]
Fair value of securities pledged, including accrued interest receivable	$ 18,539	$ 17,675
Repurchase agreement liabilities associated with these securities	$ 17,657	$ 16,855
Net weighted average borrowing rate	3.89%	4.54%
Maturity Greater than 90 Days [Member]
Fair value of securities pledged, including accrued interest receivable	$ 0	$ 20,063
Repurchase agreement liabilities associated with these securities	$ 0	$ 19,111
Net weighted average borrowing rate	0.00%	4.76%

Note 6 - Repurchase Agreements

12 Months Ended

Dec. 31, 2025

Notes to Financial Statements

Repurchase Agreements, Resale Agreements, Securities Borrowed, and Securities Loaned Disclosure [Text Block]

NOTE 6. REPURCHASE AGREEMENTS

The Company pledges certain of its MBS as collateral under repurchase agreements with financial institutions. Interest rates are generally fixed based on prevailing rates corresponding to the terms of the borrowings, and interest is generally paid at the termination of a borrowing. If the fair value of the pledged securities declines, lenders will typically require the Company to post additional collateral or pay down borrowings to re-establish agreed upon collateral requirements, referred to as "margin calls." Similarly, if the fair value of the pledged securities increases, lenders may release collateral back to the Company. As of December 31, 2025, the Company had met all margin call requirements.

As of December 31, 2025 and 2024, the Company’s repurchase agreements had remaining maturities as summarized below:

($ in thousands)
	*Overnight*		*Between*			*Between*			*Greater*
	*(1 Day*		*2 and*			*31 and*			*Than*
	*or Less)*		*30 DAYS*			*90 Days*			*90 Days*		*Total*
December 31, 2025
Fair value of securities pledged, including accrued interest receivable	$	-	$	70,681		$	18,539		$	-	$	89,220
Repurchase agreement liabilities associated with these securities	$	-	$	67,669		$	17,657		$	-	$	85,326
Net weighted average borrowing rate		-		4.00	%		3.89	%		-		3.98	%
December 31, 2024
Fair value of securities pledged, including accrued interest receivable	$	-	$	84,954		$	17,675		$	20,063	$	122,692
Repurchase agreement liabilities associated with these securities	$	-	$	81,215		$	16,855		$	19,111	$	117,181
Net weighted average borrowing rate		-		4.70	%		4.54	%		4.76		4.68	%

In addition, cash pledged to counterparties as collateral for repurchase agreements was approximately $0.6 million as of December 31, 2025, and $0.6 million as of December 31, 2024.

If, during the term of a repurchase agreement, a lender files for bankruptcy, the Company might experience difficulty recovering its pledged assets, which could result in an unsecured claim against the lender for the difference between the amount loaned to the Company plus interest due to the counterparty and the fair value of the collateral pledged to such lender, including the accrued interest receivable, and cash posted by the Company as collateral, if any. As of December 31, 2025 and 2024, the Company had an aggregate amount at risk (the difference between the amount loaned to the Company, including interest payable, and the fair value of securities and cash pledged (if any), including accrued interest on such securities) with all counterparties of approximately $4.2 million and $5.8 million, respectively. The Company did not have an amount at risk with any one counterparty exceeding 10% of stockholders' equity as of December 31, 2025. Summary information regarding amounts at risk with individual counterparties greater than 10% of the Company's stockholders' equity as of December 31, 2024 is presented in the table below.

($ in thousands)
			*% of*			*Weighted*
			*Stockholders'*			*Average*
	*Amount*		*Equity*			*Maturity*
Repurchase Agreement Counterparty	*at Risk*		*at Risk*			*(in Days)*
December 31, 2024
South Street Securities, LLC	$	1,226		18.0	%		23
Marex Capital Markets Inc.		1,205		17.7	%		18
Mitsubishi UFJ Securities, Inc.		858		12.6	%		14
Mirae Asset Securities (USA) Inc.		842		12.3	%		139
DV Securities, LLC.		834		12.2	%		28
Clear Street LLC		794		11.6	%		79

Document And Entity Information - USD ($)	12 Months Ended
Document And Entity Information - USD ($)	Dec. 31, 2025	Mar. 12, 2026	Jun. 30, 2025
Document Information [Line Items]
Entity Central Index Key	0001275477
Entity Registrant Name	BIMINI CAPITAL MANAGEMENT, INC.
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2025
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2025
Document Transition Report	false
Entity File Number	001-32171
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	72-1571637
Entity Address, Address Line One	3305 Flamingo Drive
Entity Address, City or Town	Vero Beach
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	32963
City Area Code	772
Local Phone Number	231-1400
Title of 12(g) Security	Class A Common Stock, $0.001 par value
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 5,198,027
No Trading Symbol Flag	true
Auditor Name	BDO USA, P.C
Auditor Location	West Palm Beach, FL
Auditor Firm ID	243
Common Class C [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		31,938
Common Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		31,938
Common Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		10,005,457

Note 5 - Other Assets and Other Liabilities - Other Assets (Details) - USD ($)	Dec. 31, 2025	Dec. 31, 2024
Investment in Bimini Capital Trust II	$ 804,000	$ 804,000
Prepaid expenses	391,000	236,000
Other	71,000	70,000
Total other assets	$ 1,265,807	$ 1,110,366

Note 9 - Long-term Debt

12 Months Ended

Dec. 31, 2025

Notes to Financial Statements

Debt Disclosure [Text Block]

NOTE 9. LONG-TERM DEBT

Long-term debt as of December 31, 2025 and 2024 is summarized as follows:

(in thousands)
	*2025*		*2024*
Junior subordinated debt	$	26,804	$	26,804
Note payable		543		564
Total	$	27,347	$	27,368

Junior Subordinated Debt

During 2005, Bimini Capital sponsored the formation of a statutory trust, known as BCTII, 100% of the common equity of which is owned by Bimini Capital. It was formed for the purpose of issuing trust preferred capital securities to third-party investors and investing the proceeds from the sale of such capital securities solely in junior subordinated debt securities of Bimini Capital. The debt securities held by BCTII are the sole assets of BCTII.

As of December 31, 2025 and 2024, the outstanding principal balance on the junior subordinated debt securities owed to BCTII was $26.8 million. The interest rate for the junior subordinated debt is the CME Term SOFR on the applicable reset date plus the tenor spread adjustment of 0.26161% plus the coupon spread of 3.50%. As of December 31, 2025 and 2024, the interest rate was 7.48% and 8.12%, respectively. The BCTII trust preferred securities and Bimini Capital's BCTII Junior Subordinated Notes require quarterly interest distributions, are redeemable at Bimini Capital's option, in whole or in part and without penalty, and have a final maturity of December 15, 2035. Bimini Capital's BCTII Junior Subordinated Notes are subordinate and junior in right of payment to all present and future senior indebtedness.

The Company's included consolidated financial statements present Bimini Capital's BCTII Junior Subordinated Notes issued to BCTII as a liability and Bimini Capital's investment in the common equity securities of BCTII as an asset (included in other assets). For financial statement purposes, Bimini Capital records payments of interest on the Junior Subordinated Notes issued to BCTII as interest expense.

Secured Note Payable

On October 30, 2019, the Company borrowed $680,000 from a bank. Through October 30, 2024, interest on the note accrued at 4.89%. Thereafter, interest accrues based on the weekly average yield to the United States Treasury securities adjusted to a constant maturity of 5 years, plus 3.25%. The interest rate reset to 7.37% on October 30, 2024 and will reset again on October 30, 2029. The note is secured by a mortgage on the Company’s office building and has a final maturity of October 30, 2039.

The table below presents the future scheduled principal payments on the Company’s long-term debt.

(in thousands)
Year Ending December 31,	*Amounts*
2026	$	23
2027		25
2028		27
2029		29
2030		31
Thereafter		27,212
Total	$	27,347

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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+ Details

Note 6 - Repurchase Agreements (Details Textual) - USD ($)	Dec. 31, 2025	Dec. 31, 2024
Restricted Cash and Cash Equivalent, Current	$ 1,621,399	$ 1,751,399
Repurchase Agreement Counterparty, Amount at Risk	4,200,000	5,800,000
Securities Sold under Agreements to Repurchase [Member] \| Asset Pledged as Collateral [Member]
Restricted Cash and Cash Equivalent, Current	$ 600,000	$ 600,000

Note 13 - Earnings Per Share

12 Months Ended

Dec. 31, 2025

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE 13. EARNINGS PER SHARE

Shares of Class B common stock, participating and convertible into Class A common stock, are entitled to receive dividends in an amount equal to the dividends declared on each share of Class A common stock if, and when, authorized and declared by the Board of Directors. The Class B common stock is included in the computation of basic EPS using the two-class method, and consequently is presented separately from Class A common stock. Shares of Class B common stock are not included in the computation of diluted Class A EPS as the conditions for conversion to Class A common stock were not met as of December 31, 2025 and 2024.

Shares of Class C common stock are not included in the basic EPS computation as these shares do not have participation rights. Shares of Class C common stock are not included in the computation of diluted Class A EPS as the conditions for conversion to Class A common stock were not met as of December 31, 2025 and 2024.

The table below reconciles the numerators and denominators of the basic and diluted EPS.

(in thousands, except per-share information)
	*2025*		*2024*
Basic and diluted EPS per Class A common share:
Income (Loss) attributable to Class A common shares:
Basic and diluted	$	5,783	$	(1,302	)
Weighted average common shares:
Class A common shares outstanding at the balance sheet date		10,005		10,005
Effect of weighting		-		-
Weighted average shares-basic and diluted		10,005		10,005
Income (Loss) per Class A common share:
Basic and diluted	$	0.58	$	(0.13	)

(in thousands, except per-share information)
	*2025*		*2024*
Basic and diluted EPS per Class B common share:
Income (Loss) attributable to Class B common shares:
Basic and diluted	$	18	$	(4	)
Weighted average common shares:
Class B common shares outstanding at the balance sheet date		32		32
Effect of weighting		-		-
Weighted average shares-basic and diluted		32		32
Income (Loss) per Class B common share:
Basic and diluted	$	0.58	$	(0.13	)

Note 1 - Organization and Significant Accounting Policies (Details Textual)	12 Months Ended
	Dec. 31, 2025 USD ($)	Dec. 31, 2024 USD ($)
Number of Operating Segments	2
Number of Reportable Segments	2
Gain (Loss) on Derivative Instruments Held for Trading Purposes, Net	$ (1,933,750)	$ 2,407,022
Computer Equipment [Member]
Property, Plant and Equipment, Useful Life (Year)	3 years
Office Furniture and Equipment [Member] \| Minimum [Member]
Property, Plant and Equipment, Useful Life (Year)	8 years
Office Furniture and Equipment [Member] \| Maximum [Member]
Property, Plant and Equipment, Useful Life (Year)	20 years
Building and Building Improvements [Member]
Property, Plant and Equipment, Useful Life (Year)	30 years
Treasury Note Future [Member]
Gain (Loss) on Derivative Instruments Held for Trading Purposes, Net	$ (1,900,000)	$ 2,400,000

Note 2 - Advisory Services - Advisory Service Revenue (Details) - USD ($)	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Advisory services	$ 16,575,415	$ 12,784,468
Orchid Island Capital [Member]
Advisory services	16,575,000	12,784,000
Management Service [Member] \| Orchid Island Capital [Member]
Advisory services	12,723,000	9,354,000
Allocated Overhead [Member] \| Orchid Island Capital [Member]
Advisory services	2,782,000	2,644,000
Repurchase, Clearing and Administrative Fee [Member] \| Orchid Island Capital [Member]
Advisory services	$ 1,070,000	$ 786,000

- Definition

Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.

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+ Details

Note 10 - Capital Stock

12 Months Ended

Dec. 31, 2025

Notes to Financial Statements

Equity [Text Block]

NOTE 10. CAPITAL STOCK

Authorized Shares

The total number of shares of capital stock which the Company has the authority to issue is 110,000,000 shares, classified as 100,000,000 shares of common stock, and 10,000,000 shares of preferred stock. The Board of Directors has the authority to classify any unissued shares by setting or changing in any one or more respects the preferences, conversion or other rights, voting powers, restrictions, limitations as to dividends, qualifications or terms or conditions of redemption of such shares.

Common Stock

Of the 100,000,000 authorized shares of common stock, 98,000,000 shares were designated as Class A common stock, 1,000,000 shares were designated as Class B common stock and 1,000,000 shares were designated as Class C common stock. Holders of shares of common stock have no sinking fund or redemption rights and have no pre-emptive rights to subscribe for any of the Company’s securities. All common shares have a $0.001 par value.

Class A Common Stock

Each outstanding share of Class A common stock entitles the holder to one vote on all matters submitted to a vote of stockholders, including the election of directors. Holders of shares of Class A common stock are not entitled to cumulate their votes in the election of directors.

Subject to the preferential rights of any other class or series of stock and to the provisions of the Company's charter, as amended, regarding the restrictions on transfer of stock, holders of shares of Class A common stock are entitled to receive dividends on such stock if, as and when authorized and declared by the Board of Directors.

Class B Common Stock

Each outstanding share of Class B common stock entitles the holder to one vote on all matters submitted to a vote of common stockholders, including the election of directors. Holders of shares of Class B common stock are not entitled to cumulate their votes in the election of directors. Holders of shares of Class A common stock and Class B common stock shall vote together as one class in all matters except that any matters which would adversely affect the rights and preferences of Class B common stock as a separate class shall require a separate approval by holders of a majority of the outstanding shares of Class B common stock. Holders of shares of Class B common stock are entitled to receive dividends on each share of Class B common stock in an amount equal to the dividends declared on each share of Class A common stock if, as and when authorized and declared by the Board of Directors.

Each share of Class B common stock shall automatically be converted into one share of Class A common stock on the first day of the fiscal quarter following the fiscal quarter during which the Company's Board of Directors were notified that, as of the end of such fiscal quarter, the stockholders' equity attributable to the Class A common stock, calculated on a pro forma basis as if conversion of the Class B common stock (or portion thereof to be converted) had occurred, and otherwise determined in accordance with GAAP, equals no less than $150.00 per share (adjusted equitably for any stock splits, stock combinations, stock dividends or the like); provided, that the number of shares of Class B common stock to be converted into Class A common stock in any quarter shall not exceed an amount that will cause the stockholders' equity attributable to the Class A common stock calculated as set forth above to be less than $150.00 per share; provided further, that such conversions shall continue to occur until all shares of Class B common stock have been converted into shares of Class A common stock; and provided further, that the total number of shares of Class A common stock issuable upon conversion of the Class B common stock shall not exceed 3% of the total shares of common stock outstanding prior to completion of an initial public offering of Bimini Capital's Class A common stock.

Class C Common Stock

No dividends will be paid on the Class C common stock. Holders of shares of Class C common stock are not entitled to vote on any matter submitted to a vote of stockholders, including the election of directors, except that any matters that would adversely affect the rights and privileges of the Class C common stock as a separate class shall require the approval of a majority of the Class C common stock.

Each share of Class C common stock shall automatically be converted into one share of Class A common stock on the first day of the fiscal quarter following the fiscal quarter during which the Company's Board of Directors were notified that, as of the end of such fiscal quarter, the stockholders' equity attributable to the Class A common stock, calculated on a pro forma basis as if conversion of the Class C common stock had occurred and giving effect to the conversion of all of the shares of Class B common stock as of such date, and otherwise determined in accordance with GAAP, equals no less than $150.00 per share (adjusted equitably for any stock splits, stock combinations, stock dividends or the like); provided, that the number of shares of Class C common stock to be converted into Class A common stock shall not exceed an amount that will cause the stockholders' equity attributable to the Class A common stock calculated as set forth above to be less than $150.00 per share; and provided further, that such conversions shall continue to occur until all shares of Class C common stock have been converted into shares of Class A common stock and provided further, that the total number of shares of Class A common stock issuable upon conversion of the Class C common stock shall not exceed 3% of the total shares of common stock outstanding prior to completion of an initial public offering of Bimini Capital's Class A common stock.

Preferred Stock

General

There are 10,000,000 authorized shares of preferred stock, with a $0.001 par value per share. The Company's Board of Directors has the authority to classify any unissued shares of preferred stock and to reclassify any previously classified but unissued shares of any series of preferred stock previously authorized by the Board of Directors. Prior to issuance of shares of each class or series of preferred stock, the Board of Directors is required by the Company’s charter to fix the terms, preferences, conversion or other rights, voting powers, restrictions, limitations as to dividends or other distributions, qualifications and terms or conditions of redemption for each such class or series.

Classified and Designated Shares

Pursuant to the Company’s supplementary amendment of its charter, effective November 3, 2005, and by resolutions adopted on September 29, 2005, the Company’s Board of Directors classified and designated 1,800,000 shares of the authorized but unissued preferred stock, $0.001 par value, as Class A Redeemable Preferred Stock and 2,000,000 shares of the authorized but unissued preferred stock as Class B Redeemable Preferred Stock.

Preferred Stock

The Class A Redeemable Preferred Stock and Class B Redeemable Preferred Stock rank equal to each other and shall have the same preferences, rights, voting powers, restrictions, limitations as to dividends and other distributions, qualifications and terms; provided, however that the redemption provisions of the Class A Redeemable Preferred Stock and the Class B Redeemable Preferred Stock differ. Each outstanding share of Class A Redeemable Preferred Stock and Class B Redeemable Preferred Stock shall have one-fifth of a vote on all matters submitted to a vote of stockholders (or such lesser fraction of a vote as would be required to comply with the rules and regulations of the NYSE relating to the Company’s right to issue securities without obtaining a stockholder vote). Holders of shares of preferred stock shall vote together with holders of shares of common stock as one class in all matters that would be subject to a vote of stockholders.

The previously outstanding shares of Class A Redeemable Preferred Stock were converted into Class A common stock on April 28, 2006. No shares of the Class B Redeemable Preferred Stock have ever been issued.

In 2015 the Board approved Articles Supplementary to the Company’s charter reclassifying and designating 1,800,000 shares of authorized but unissued Class A Redeemable Preferred Stock and 2,000,000 shares of authorized but unissued Class B Redeemable Preferred Stock into undesignated preferred stock, par value $0.001 per share, of the Company (“Preferred Stock”). After giving effect to the reclassification and designation of the shares of Class A Preferred Stock and Class B Preferred Stock, the Company has authority to issue 10,000,000 shares of undesignated Preferred Stock and no shares of Class A Preferred Stock or Class B Preferred Stock. The Articles Supplementary were filed with the State Department of Assessments and Taxation of Maryland (the “SDAT”) and became effective upon filing on December 21, 2015.

In 2015 the Board approved Articles Supplementary to the Company’s charter creating a new series of Preferred Stock designated as Series A Junior Preferred Stock, par value $0.001 per share, of the Company (the “Series A Preferred Stock”). The Articles Supplementary were filed with the SDAT and became effective upon filing on December 21, 2015.

Rights Plan

On December 21, 2015 the Board adopted a rights agreement (the “Original Rights Plan”) and declared a distribution of one preferred stock purchase right (“Right”) for each outstanding share of the Company’s Class A common stock, Class B common stock, and Class C common stock. The distribution was payable to stockholders of record as of the close of business on December 21, 2015. On December 10, 2025, the Company adopted a First Amendment (the “First Amendment”) to the Original Rights Plan (the Original Rights Plan, as amended by the First Amendment, the “Rights Plan”). The First Amendment extends the expiration date of the Rights until December 21, 2030. The First Amendment also increases the Purchase Price (as defined in the Rights Plan) from $4.76 to $10.20. No stockholder approval is required for adoption of the First Amendment; however, the Company plans to submit the First Amendment to its stockholders for approval at the 2026 annual meeting of stockholders.

The Rights. Subject to the terms, provisions and conditions of the Rights Plan, if the Rights become exercisable, each Right would initially represent the right to purchase from the Company one ten-thousandth of a share of Series A Preferred Stock for a purchase price of $10.20, subject to adjustment in accordance with the terms of the Rights Plan (the “Purchase Price”). If issued, each fractional share of Series A Preferred Stock would give the stockholder approximately the same distribution, voting and liquidation rights as does one share of the Company’s Class A common stock. However, prior to exercise, a Right does not give its holder any rights as a stockholder of the Company, including without limitation any distribution, voting or liquidation rights.

Exercisability. The Rights will generally not be exercisable until the earlier of (i) 10 business days after a public announcement by the Company that a person or group has acquired 4.9% or more of the outstanding Class A common stock without the approval of the Board of Directors (an “Acquiring Person”) and (ii) 10 business days after the commencement of a tender or exchange offer by a person or group for 4.9% or more of the Class A common stock.

The date that the Rights may first become exercisable is referred to as the “Distribution Date.” Until the Distribution Date, the Class A common stock, Class B common stock and Class C common stock certificates will represent the Rights and will contain a notation to that effect. Any transfer of shares of Class A common stock, Class B common stock and/or Class C common stock prior to the Distribution Date will constitute a transfer of the associated Rights. After the Distribution Date, the Rights may be transferred other than in connection with the transfer of the underlying shares of Class A common stock, Class B common stock or Class C common stock.

After the Distribution Date and following a determination by the Board that a person is an Acquiring Person, each holder of a Right, other than Rights beneficially owned by the Acquiring Person (which will thereupon become void), will thereafter have the right to receive upon exercise of a Right and payment of the Purchase Price, that number of shares of Class A common stock, Class B common stock or Class C common stock, as the case may be, having a market value of two times the Purchase Price (or, at our option, shares of Series A Preferred Stock or other consideration as provided in the Rights Plan).

Exchange. After the Distribution Date and following a determination by the Board that a person or group is an Acquiring Person, the Board may exchange the Rights (other than Rights owned by such an Acquiring Person which will have become void), in whole or in part, at an exchange ratio of one share of Class A common stock, Class B common stock or Class C common stock, as the case may be, or a fractional share of Series A Preferred Stock (or of a share of a similar class or series of the Company’s preferred stock having similar Rights, preferences and privileges) of equivalent value, per Right (subject to adjustment).

Expiration. The Rights and the Rights Plan will expire on the earliest of (i) December 21, 2030, (ii) the time at which the Rights are redeemed pursuant to the Rights Plan, (iii) the time at which the Rights are exchanged pursuant to the Rights Plan, (iv) the repeal of Section 382 of the Code or any successor statute if the Board determines that the Rights Plan is no longer necessary for the preservation of the applicable tax benefits, (v) the beginning of a taxable year of the Company to which the Board determines that no applicable tax benefits may be carried forward and (vi) the close of business on June 30, 2026 if approval of the Rights Plan by the Company’s stockholders has not been obtained.

Redemption. At any time prior to the time an Acquiring Person becomes such, the Board may redeem the Rights in whole, but not in part, at a price of $0.001 per Right (the “Redemption Price”). The redemption of the Rights may be made effective at such time, on such basis and with such conditions as the Board in its sole discretion may establish. Immediately upon any redemption of the Rights, the right to exercise the Rights will terminate and the only right of the holders of Rights will be to receive the Redemption Price.

Anti-Dilution Provisions. The Board may adjust the Purchase Price, the number of shares of Series A Preferred Stock or other securities issuable and the number of outstanding Rights to prevent dilution that may occur as a result of certain events, including among others, a stock dividend, a forward or reverse stock split or a reclassification of the preferred shares or Class A common stock, Class B common stock or Class C common stock. No adjustments to the Purchase Price of less than 1% will be made.

Anti-Takeover Effects. While this was not the purpose of the Board when adopting the Rights Plan, the Rights will have certain anti-takeover effects. The Rights will cause substantial dilution to any person or group that attempts to acquire the Company without the approval of the Board. As a result, the overall effect of the Rights may be to render more difficult or discourage any attempt to acquire the Company even if such acquisition may be favorable to the interests of the Company’s stockholders. Because the Board can redeem the Rights, the Rights should not interfere with a merger or other business combination approved by the Board.

Amendments. Before the Distribution Date, the Board may amend or supplement the Rights Plan without the consent of the holders of the Rights. After the Distribution Date, the Board may amend or supplement the Rights Plan only to cure an ambiguity, to alter time period provisions, to correct inconsistent provisions, or to make any additional changes to the Rights Plan, but only to the extent that those changes do not impair or adversely affect, in any material respect, any Rights holder and do not result in the Rights again becoming redeemable, and no such amendment may cause the Rights again to become redeemable or cause this Rights Plan again to become amendable other than in accordance with the applicable timing of the Rights Plan.

Stock Repurchase Plan

On March 12, 2026, the Board authorized a share repurchase plan pursuant to Rule 10b5-1 of the Securities Exchange Act of 1934 (the “2026 Repurchase Plan”). Pursuant to the 2026 Repurchase Plan, the Company can purchase shares of its Class A Common Stock from time to time for an aggregate purchase price not to exceed $2.5 million. Share repurchases can be executed through various means, including, without limitation, open market transactions. The 2026 Repurchase Plan does not obligate the Company to purchase any shares. The 2026 Repurchase Plan replaces the Company’s prior repurchase plan adopted in 2024 (the “2024 Repurchase Plan”), which expired on March 9, 2026. The Company did not repurchase any shares under the 2024 Repurchase Plan.

- Definition

The entire disclosure for equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8A
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Note 3 - Mortgage-backed Securities (Tables)

12 Months Ended

Dec. 31, 2025

Notes Tables

Marketable Securities [Table Text Block]

(in thousands)
	*Par Value*		Cost⁽¹⁾		*Fair Value*
December 31, 2025	$	86,293	$	87,266	$	88,929
December 31, 2024	$	120,502	$	123,878	$	122,348

Gain (Loss) on Securities [Table Text Block]

(in thousands)
	*2025*			*2024*
Proceeds from sales of MBS	$	19,513		$	46,252
Carrying value of MBS sold		19,732			46,814
Net loss on sales of MBS	$	(219	)	$	(562	)

Gross gain sales of MBS	$	39		$	-
Gross loss on sales of MBS		(258	)		(562	)
Net loss on sales of MBS	$	(219	)	$	(562	)

Note 2 - Advisory Services

12 Months Ended

Dec. 31, 2025

Notes to Financial Statements

Advisory Services [Text Block]

NOTE 2. ADVISORY SERVICES

Bimini Advisors serves as the manager and advisor for Orchid pursuant to the terms of a management agreement. As Manager, Bimini Advisors is responsible for administering Orchid's business activities and day-to-day operations. Pursuant to the terms of the management agreement, Bimini Advisors provides Orchid with its management team, including its officers, along with appropriate support personnel. Bimini Advisors is at all times subject to the supervision and oversight of Orchid's board of directors and has only such functions and authority as delegated to it. Bimini Advisors receives a monthly management fee in the amount of:

●

One-twelfth of 1.50% of the first $250 million of the Orchid’s month-end equity, as defined in the management agreement,

●

One-twelfth of 1.25% of the Orchid’s month-end equity that is greater than $250 million and less than or equal to $500 million, and

●

One-twelfth of 1.00% of the Orchid’s month-end equity that is greater than $500 million.

The Company also provides certain repurchase agreement trading, clearing and administrative services to Orchid. In consideration for such services, Orchid pays the following fees to the Company:

	●	a daily fee equal to the outstanding principal balance of repurchase agreement funding in place as of the end of such day multiplied by 1.5 basis points for the amount of aggregate outstanding principal balance less than or equal to $5 billion, and multiplied by 1.0 basis point for any amount of aggregate outstanding principal balance in excess of $5 billion, and
	●	a fee for the clearing and operational services provided by personnel of the Manager equal to $10,000 per month.

Orchid is obligated to reimburse Bimini Advisors for any direct expenses incurred on its behalf and to pay to Bimini Advisors an amount equal to Orchid's pro rata portion of certain overhead costs set forth in the management agreement. Orchid is required to pay Bimini Advisors by the 15th day of the month following the month the services are performed. The management agreement has been renewed through February 20, 2027 and provides for automatic one-year extension options thereafter. Should Orchid terminate the management agreement without cause, it will be obligated to pay Bimini Advisors a termination fee equal to three times the average annual management fee, as defined in the management agreement, before or on the last day of the applicable renewal term.

The following table summarizes the advisory services revenue from Orchid for the years ended December 31, 2025 and 2024.

(in thousands)
	*2025*		*2024*
Management fee	$	12,723	$	9,354
Allocated overhead		2,782		2,644
Repurchase, clearing and administrative fee		1,070		786
Total	$	16,575	$	12,784

As of December 31, 2025 and 2024, the net amount due from Orchid was approximately $1.7 million and $1.2 million, respectively.

Note 12 - Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($)	Dec. 31, 2025	Dec. 31, 2024
Net operating loss carryforwards	$ 52,504,000	$ 54,575,000
Orchid Island Capital, Inc. common stock	4,785,000	4,711,000
MBS unrealized losses and gains, net	0	446,000
Capital loss carryforwards	1,377,000	1,796,000
Management agreement	813,000	813,000
Other	294,000	147,000
Gross deferred tax assets	59,773,000	62,488,000
Valuation allowance	(42,200,000)	(45,911,000)
Deferred tax assets, net of valuation allowance	17,573,000	16,577,000
MBS unrealized losses and gains, net	(297,000)	0
Tax hedging arrangements	(36,000)	(646,000)
Gross deferred tax liabilities	(333,000)	(646,000)
Net deferred tax assets	$ 17,239,648	$ 15,930,953

Note 6 - Repurchase Agreements - Risks With Individual Counterparties (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2025
Amount at risk	$ 5,800	$ 4,200
South Street Securities, LLC [Member]
Amount at risk	$ 1,226
Percent of Stockholders' Equity at Risk	18.00%
Weighted Average Maturity (Day)	23 days
Marex Capital Markets Inc [Member]
Amount at risk	$ 1,205
Percent of Stockholders' Equity at Risk	17.70%
Weighted Average Maturity (Day)	18 days
Mitsubishi UFJ Securities, Inc [Member]
Amount at risk	$ 858
Percent of Stockholders' Equity at Risk	12.60%
Weighted Average Maturity (Day)	14 days
Mirae Asset Securities (USA) Inc. [Member]
Amount at risk	$ 842
Percent of Stockholders' Equity at Risk	12.30%
Weighted Average Maturity (Day)	139 days
DV Securities, LLC. [Member]
Amount at risk	$ 834
Percent of Stockholders' Equity at Risk	12.20%
Weighted Average Maturity (Day)	28 days
Clear Street LLC [Member]
Amount at risk	$ 794
Percent of Stockholders' Equity at Risk	11.60%
Weighted Average Maturity (Day)	79 days

Note 13 - Earnings Per Share - Schedule of Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Common Class A [Member]
Basic and diluted	$ 5,783	$ (1,302)
Common shares outstanding at the balance sheet date (in shares)	10,005,000	10,005,000
Effect of weighting (in shares)	0	0
Weighted average shares-basic and diluted (in shares)	10,005,457	10,005,457
Basic and diluted (in dollars per share)	$ 0.58	$ (0.13)
Common Class B [Member]
Basic and diluted	$ 18	$ (4)
Common shares outstanding at the balance sheet date (in shares)	32,000	32,000
Effect of weighting (in shares)	0	0
Weighted average shares-basic and diluted (in shares)	31,938	31,938
Basic and diluted (in dollars per share)	$ 0.58	$ (0.13)

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Reference 17: http://www.xbrl.org/2003/role/disclosureRef
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Reference 18: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Paragraph 2
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-URI https://asc.fasb.org/1943274/2147482689/260-10-45-2

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Publisher FASB
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Reference 20: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147482689/260-10-45-10

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
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Reference 22: http://www.xbrl.org/2003/role/disclosureRef
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Reference 23: http://www.xbrl.org/2003/role/disclosureRef
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Reference 24: http://www.xbrl.org/2003/role/disclosureRef
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Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Name Accounting Standards Codification
-Section 65
-Paragraph 4
-Subparagraph (f)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481538/470-20-65-4

+ Details

- Definition

Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders.

+ References

+ Details

Note 7 - Pledged Assets - Schedule of Financial Instruments Pledged as Collateral From Counterparties (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Assets Pledged to Bimini	$ 0	$ 250
Cash [Member]
Assets Pledged to Bimini	$ 0	$ 250

Note 8 - Offsetting Assets And Liabilities - Offsetting of Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Repurchase Agreements [Member]
Gross amount of liabilities		$ 117,181
Gross amount offset		0
Net amount of balance sheet liabilities		117,181
Securities posted as collateral		(116,552)
Cash posted as collateral		(629)
Net amount		0
Gross Amount Of Recognized Liabilties [Member]
Gross amount of liabilities	$ 85,326	117,181
Gross Amount Of Recognized Liabilties [Member] \| Repurchase Agreements [Member]
Gross amount of liabilities	85,326
Gross Amount Of Liabilties Offset In The Balance Sheet [Member]
Gross amount offset	0	0
Gross Amount Of Liabilties Offset In The Balance Sheet [Member] \| Repurchase Agreements [Member]
Gross amount offset	0
Net Amount Of Liabilities Presented In The Balance Sheet [Member]
Net amount of balance sheet liabilities	85,326	117,181
Net Amount Of Liabilities Presented In The Balance Sheet [Member] \| Repurchase Agreements [Member]
Net amount of balance sheet liabilities	85,326
Gross Amount Of Financial Instruments Posted Not Offset in Balance Sheet [Member]
Securities posted as collateral	(84,758)	(116,552)
Gross Amount Of Financial Instruments Posted Not Offset in Balance Sheet [Member] \| Repurchase Agreements [Member]
Securities posted as collateral	(84,758)
Gross Amounts Of Cash Posted Not Offset In Balance Sheet [Member]
Cash posted as collateral	(568)	(629)
Gross Amounts Of Cash Posted Not Offset In Balance Sheet [Member] \| Repurchase Agreements [Member]
Cash posted as collateral	(568)
Net Amount Of Liabilities [Member]
Net amount	0	$ 0
Net Amount Of Liabilities [Member] \| Repurchase Agreements [Member]
Net amount	$ 0

Consolidated Balance Sheets - USD ($)	Dec. 31, 2025	Dec. 31, 2024
ASSETS:
Total mortgage-backed securities	$ 88,928,525	$ 122,348,170
Cash and cash equivalents	12,696,660	5,671,347
Restricted cash	1,621,399	1,751,399
Investment in Orchid Island Capital, Inc. common stock, at fair value	4,097,311	4,427,372
Accrued interest receivable	415,092	601,640
Property and equipment, net	1,768,864	1,845,014
Deferred tax assets, net of allowances	17,239,648	15,930,953
Other assets	1,265,807	1,110,366
Total Assets	129,693,972	154,853,657
LIABILITIES:
Repurchase agreements	85,326,000	117,180,999
Long-term debt	27,346,546	27,368,158
Accrued interest payable	300,208	474,678
Other liabilities	4,098,421	3,008,415
Total Liabilities	117,071,175	148,032,250
Commitments and Contingencies (Note 11)
STOCKHOLDERS' EQUITY:
Preferred stock, $0.001 par value; 10,000,000 shares authorized; 100,000 shares designated Series A Junior Preferred Stock, 9,900,000 shares undesignated; no shares issued and outstanding	0	0
Additional paid-in capital	329,815,150	329,815,150
Accumulated deficit	(317,202,422)	(323,003,812)
Stockholders' Equity	12,622,797	6,821,407
Total Liabilities and Equity	129,693,972	154,853,657
Common Class A [Member]
STOCKHOLDERS' EQUITY:
Common stock	10,005	10,005
Common Class B [Member]
STOCKHOLDERS' EQUITY:
Common stock	32	32
Common Class C [Member]
STOCKHOLDERS' EQUITY:
Common stock	32	32
Related Party [Member]
ASSETS:
Due from affiliates	1,660,666	1,167,396
Asset Pledged as Collateral [Member]
ASSETS:
Total mortgage-backed securities	88,807,576	122,093,172
Accrued interest receivable	413,000	599,000
Total Assets	90,842,000	124,443,000
Asset Not Pledged as Collateral [Member]
ASSETS:
Total mortgage-backed securities	$ 120,949	$ 254,998

Note 9 - Long-term Debt - Future Scheduled Principal Payments on Long-term Debt (Details) - USD ($)	Dec. 31, 2025	Dec. 31, 2024
2026	$ 23,000
2027	25,000
2028	27,000
2029	29,000
2030	31,000
Thereafter	27,212,000
Total	$ 27,346,546	$ 27,368,158

- Definition

Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22))
-SubTopic 10
-Topic 210
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477314/942-235-S99-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-4

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
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-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3

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-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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Reference 7: http://www.xbrl.org/2003/role/exampleRef
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Reference 8: http://www.xbrl.org/2003/role/exampleRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1D

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
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-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
-Paragraph 4
-Subparagraph (b)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-4

+ Details

Note 14 - Fair Value - Schedule of Fair Value Assets and Liabilities Measured on Recurring Basis (Details) - USD ($)	Dec. 31, 2025	Dec. 31, 2024
Mortgage-backed securities	$ 88,928,525	$ 122,348,170
Fair Value, Recurring [Member]
Mortgage-backed securities	88,929,000	122,348,000
Orchid Island Capital, Inc. common stock	4,097,000	4,427,000
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 1 [Member]
Mortgage-backed securities	0	0
Orchid Island Capital, Inc. common stock	4,097,000	4,427,000
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 2 [Member]
Mortgage-backed securities	88,929,000	122,348,000
Orchid Island Capital, Inc. common stock	0	0
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 3 [Member]
Mortgage-backed securities	0	0
Orchid Island Capital, Inc. common stock	$ 0	$ 0

Consolidated Statements of Operations - USD ($)	12 Months Ended
Consolidated Statements of Operations - USD ($)	Dec. 31, 2025	Dec. 31, 2024
Revenues:
Advisory services	$ 16,575,415	$ 12,784,468
Interest income	6,308,786	5,838,764
Dividend income from Orchid Island Capital, Inc. common stock	819,462	819,462
Total revenues	23,703,663	19,442,694
Interest expense:
Repurchase agreements	(4,676,616)	(5,139,959)
Long-term debt	(2,135,703)	(2,401,308)
Net revenues	16,891,344	11,901,427
Other income (expense):
Unrealized gains (losses) on investments	2,687,955	(308,521)
(Losses) gains on derivative instruments	(1,933,750)	2,407,022
Other income	0	19
Other income, net	205,090	1,167,019
Expenses:
Compensation and related benefits	8,309,939	7,287,261
Direct advisory service costs	1,694,555	1,667,200
Directors' fees and liability insurance	871,667	841,215
Audit, legal and other professional fees	1,124,067	653,610
Administrative and other expenses	603,511	808,767
Total expenses	12,603,739	11,258,053
Net income before income tax (benefit) provision	4,492,695	1,810,393
Income tax (benefit) provision	(1,308,695)	3,116,727
Net income (loss)	$ 5,801,390	$ (1,306,334)
Common Class A [Member]
Expenses:
Basic and Diluted (in dollars per share)	$ 0.58	$ (0.13)
Weighted Average Shares Outstanding:
Basic and Diluted (in shares)	10,005,457	10,005,457
Common Class B [Member]
Expenses:
Basic and Diluted (in dollars per share)	$ 0.58	$ (0.13)
Weighted Average Shares Outstanding:
Basic and Diluted (in shares)	31,938	31,938
Orchid Island Capital [Member]
Revenues:
Dividend income from Orchid Island Capital, Inc. common stock	$ 800,000	$ 800,000
Other income (expense):
Unrealized gains (losses) on investments	(330,061)	(369,897)
Collateralized Mortgage-Backed Securities [Member]
Other income (expense):
Unrealized gains (losses) on investments	2,687,955	(308,521)
Realized losses on mortgage-backed securities	$ (219,054)	$ (561,604)

Note 5 - Other Assets and Other Liabilities

12 Months Ended

Dec. 31, 2025

Notes to Financial Statements

Other Current Assets [Text Block]

NOTE 5. OTHER ASSETS AND OTHER LIABILITIES

The composition of other assets as of December 31, 2025 and 2024 follows:

(in thousands)
	*2025*		*2024*
Investment in Bimini Capital Trust II	$	804	$	804
Prepaid expenses		391		236
Other		71		70
Total other assets	$	1,266	$	1,110

The composition of other liabilities as of December 31, 2025 and 2024 follows:

(in thousands)
	*2025*		*2024*
Accrued payroll	$	3,583	$	2,867
Accrued liabilities		196		41
Accounts payable		319		100
Total other liabilities	$	4,098	$	3,008

Note 3 - Mortgage-backed Securities

12 Months Ended

Dec. 31, 2025

Notes to Financial Statements

Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]

NOTE 3. MORTGAGE-BACKED SECURITIES

The following table presents the Company’s MBS portfolio as of December 31, 2025 and 2024:

(in thousands)
	*Par Value*		Cost⁽¹⁾		*Fair Value*
December 31, 2025	$	86,293	$	87,266	$	88,929
December 31, 2024	$	120,502	$	123,878	$	122,348

(1)	The cost information in the table above represents the aggregate current par value, multiplied by the purchase price of each security in the portfolio.

The following table is a summary of the Company's net loss from the sale of MBS for the years ended December 31, 2025 and 2024:

(in thousands)
	*2025*			*2024*
Proceeds from sales of MBS	$	19,513		$	46,252
Carrying value of MBS sold		19,732			46,814
Net loss on sales of MBS	$	(219	)	$	(562	)

Gross gain sales of MBS	$	39		$	-
Gross loss on sales of MBS		(258	)		(562	)
Net loss on sales of MBS	$	(219	)	$	(562	)

Note 12 - Income Taxes

12 Months Ended

Dec. 31, 2025

Notes to Financial Statements

Income Tax Disclosure [Text Block]

NOTE 12. INCOME TAXES

Income (Loss) Before Income Taxes

The components of income/(loss) before taxes for the years ended December 31, 2025 and 2024 were as follows:

(in thousands)
	*2025*		*2024*
Domestic	$	4,493	$	1,810
Foreign		-		-
Net income before income tax (benefit) provision	$	4,493	$	1,810

Components of Income Tax Provision of Benefit

The components of the Company's income tax (benefit) provision are listed below:

(in thousands)
	*2025*			*2024*
Current:
Federal	$	-		$	-
State		-			-
Total current	$	-		$	-
Deferred:
Federal	$	(1,712	)	$	2,349
State		403			768
Total deferred	$	(1,309	)	$	3,117
Income tax (benefit) provision	$	(1,309	)	$	3,117

Rate Reconciliation

The effective income tax rate varies from the U.S. federal statutory rate principally due to the following:

($ in thousands)
	*2025*						*2024*
	*Amount*			*Percent*			*Amount*			*Percent*
Federal tax provision based on statutory rate applicable for each year	$	943			21.0	%	$	380			21.0	%
State income tax provision⁽¹⁾		186			4.1	%		72			4.0	%
Nontaxable or nondeductible items:
Prospective change in MBS carrying value		-			-			329			18.2	%
IRC section 162(m), excess compensation		792			17.6	%		740			40.9	%
Changes in valuation allowance:
(Decrease) increase of deferred tax asset valuation allowance		(3,711	)		(82.6	)%		1,286			71.0	%
Other adjustments:
Capital loss adjustment		-			-			217			12.0	%
Expiration of capital loss carryover		481			10.8	%		115			6.4	%
Other		-			-			(22	)		(1.3	)%
Income tax (benefit) provision	$	(1,309	)		(29.1	)%	$	3,117			172.2	%

(1)	State taxes in Florida make up the entirety of the tax effect in this category

Deferred Tax Assets and Liabilities

The components of the deferred tax assets and liabilities reflected in the Consolidated Balance Sheets at December 31, 2025 and 2024 include the following:

(in thousands)
	*2025*			*2024*
Deferred tax assets:
Net operating loss carryforwards	$	52,504		$	54,575
Orchid Island Capital, Inc. common stock		4,785			4,711
MBS unrealized losses and gains, net		-			446
Capital loss carryforwards		1,377			1,796
Management agreement		813			813
Other		294			147
Gross deferred tax assets		59,773			62,488
Valuation allowance		(42,200	)		(45,911	)
Deferred tax assets, net of valuation allowance		17,573			16,577

Deferred tax liabilities:
MBS unrealized losses and gains, net		(297	)		-
Tax hedging arrangements		(36	)		(646	)
Gross deferred tax liabilities		(333	)		(646	)
Net deferred tax assets	$	17,240		$	15,931

In assessing the realizability of deferred tax assets, management considers both positive and negative evidence whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of capital loss and NOL carryforwards is dependent upon the generation of future capital gains and taxable income in periods prior to their expiration. As of December 31, 2025, the valuation allowance recognized against the deferred tax asset is based on management’s estimated projections of future taxable income, and the projected ability to utilize the NOL carryforwards to offset that projected taxable income before the net operating loss carryforwards ("NOLs") expire. Utilization of the NOLs is based on these estimates and the assumptions that management will be able to reinvest retained earnings in order to grow the MBS portfolio going forward and that market value will not be eroded due to adverse market conditions or hedging inefficiencies. With respect to the taxable income projections, management estimates the dividends expected to be received on its Orchid share holdings as well as the management fees and overhead sharing payments it will receive from Orchid. With respect to the MBS portfolio, management makes estimates of various metrics such as the yields on the assets it plans to acquire, its future funding and interest costs, future prepayment speeds and net interest margin, among others. Estimates were also made for other assets and expenses. Changes in the taxable income projections have a direct impact on the amount of the valuation allowance, and the impact in any reporting period may be significant. These estimates and assumptions may change from year to year to the extent Orchid’s book value changes, thus changing projected management fees and overhead sharing payments, and/or market conditions, including changes in interest rates, such that estimates with respect to the portfolio metrics warrant revisions.

Loss Carryforwards

The following table provides our net operating loss carryforwards and capital loss carryforwards, related deferred tax assets and any corresponding valuation allowances as of December 31, 2025 and 2024:

(in thousands)
	*2025*			*2024*
Federal:
Net operating loss carryforwards (expires beginning 2026)	$	245,762		$	253,933
Related deferred tax asset		51,610			53,326
Valuation allowance		(40,823	)		(44,537	)
State:
Net operating loss carryforwards (expires beginning 2028)	$	20,564		$	28,735
Related deferred tax asset		894			1,249
Valuation allowance		-			-

Income Taxes Paid

During the years ended December 31, 2025 and 2024, the Company did not have any income taxes paid (or refunds received).

Unrecognized Tax Benefits

The Company has not identified any unrecognized tax benefits that would result in liabilities in its consolidated financial statements. The Company has not had any settlements in the current period with taxing authorities and is not currently under audit. Additionally, no tax benefits have been recognized in the consolidated financial statements as a result of a lapse of the applicable statute of limitations.

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 740
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477617/942-740-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
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-URI https://asc.fasb.org/1943274/2147478822/944-740-50-1

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-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-21

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-17

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
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-Paragraph 2
-Subparagraph (SAB Topic 11.C)
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Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482603/740-30-50-2

+ Details

Note 12 - Income Taxes (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Income Taxes Paid, Net	$ 0	$ 0
Unrecognized Tax Benefits	$ 0

Note 12 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2025

Notes Tables

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

(in thousands)
	*2025*		*2024*
Domestic	$	4,493	$	1,810
Foreign		-		-
Net income before income tax (benefit) provision	$	4,493	$	1,810

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

(in thousands)
	*2025*			*2024*
Current:
Federal	$	-		$	-
State		-			-
Total current	$	-		$	-
Deferred:
Federal	$	(1,712	)	$	2,349
State		403			768
Total deferred	$	(1,309	)	$	3,117
Income tax (benefit) provision	$	(1,309	)	$	3,117

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

($ in thousands)
	*2025*						*2024*
	*Amount*			*Percent*			*Amount*			*Percent*
Federal tax provision based on statutory rate applicable for each year	$	943			21.0	%	$	380			21.0	%
State income tax provision⁽¹⁾		186			4.1	%		72			4.0	%
Nontaxable or nondeductible items:
Prospective change in MBS carrying value		-			-			329			18.2	%
IRC section 162(m), excess compensation		792			17.6	%		740			40.9	%
Changes in valuation allowance:
(Decrease) increase of deferred tax asset valuation allowance		(3,711	)		(82.6	)%		1,286			71.0	%
Other adjustments:
Capital loss adjustment		-			-			217			12.0	%
Expiration of capital loss carryover		481			10.8	%		115			6.4	%
Other		-			-			(22	)		(1.3	)%
Income tax (benefit) provision	$	(1,309	)		(29.1	)%	$	3,117			172.2	%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

(in thousands)
	*2025*			*2024*
Deferred tax assets:
Net operating loss carryforwards	$	52,504		$	54,575
Orchid Island Capital, Inc. common stock		4,785			4,711
MBS unrealized losses and gains, net		-			446
Capital loss carryforwards		1,377			1,796
Management agreement		813			813
Other		294			147
Gross deferred tax assets		59,773			62,488
Valuation allowance		(42,200	)		(45,911	)
Deferred tax assets, net of valuation allowance		17,573			16,577

Deferred tax liabilities:
MBS unrealized losses and gains, net		(297	)		-
Tax hedging arrangements		(36	)		(646	)
Gross deferred tax liabilities		(333	)		(646	)
Net deferred tax assets	$	17,240		$	15,931

Summary of Operating Loss Carryforwards [Table Text Block]

(in thousands)
	*2025*			*2024*
Federal:
Net operating loss carryforwards (expires beginning 2026)	$	245,762		$	253,933
Related deferred tax asset		51,610			53,326
Valuation allowance		(40,823	)		(44,537	)
State:
Net operating loss carryforwards (expires beginning 2028)	$	20,564		$	28,735
Related deferred tax asset		894			1,249
Valuation allowance		-			-

Note 6 - Repurchase Agreements (Tables)

12 Months Ended

Dec. 31, 2025

Notes Tables

Schedule of Repurchase Agreements [Table Text Block]

($ in thousands)
	*Overnight*		*Between*			*Between*			*Greater*
	*(1 Day*		*2 and*			*31 and*			*Than*
	*or Less)*		*30 DAYS*			*90 Days*			*90 Days*		*Total*
December 31, 2025
Fair value of securities pledged, including accrued interest receivable	$	-	$	70,681		$	18,539		$	-	$	89,220
Repurchase agreement liabilities associated with these securities	$	-	$	67,669		$	17,657		$	-	$	85,326
Net weighted average borrowing rate		-		4.00	%		3.89	%		-		3.98	%
December 31, 2024
Fair value of securities pledged, including accrued interest receivable	$	-	$	84,954		$	17,675		$	20,063	$	122,692
Repurchase agreement liabilities associated with these securities	$	-	$	81,215		$	16,855		$	19,111	$	117,181
Net weighted average borrowing rate		-		4.70	%		4.54	%		4.76		4.68	%

Schedule of Repurchase Agreement Counterparties with Whom Repurchase Agreements Exceed 10 Percent of Stockholders' Equity [Table Text Block]

($ in thousands)
			*% of*			*Weighted*
			*Stockholders'*			*Average*
	*Amount*		*Equity*			*Maturity*
Repurchase Agreement Counterparty	*at Risk*		*at Risk*			*(in Days)*
December 31, 2024
South Street Securities, LLC	$	1,226		18.0	%		23
Marex Capital Markets Inc.		1,205		17.7	%		18
Mitsubishi UFJ Securities, Inc.		858		12.6	%		14
Mirae Asset Securities (USA) Inc.		842		12.3	%		139
DV Securities, LLC.		834		12.2	%		28
Clear Street LLC		794		11.6	%		79

Note 11 - Commitments and Contingencies (Details Textual) $ in Thousands	12 Months Ended
	Dec. 31, 2025 USD ($)
Threatened Litigation [Member] \| Breach Of Representations And Warranties [Member]
Loss Contingency Accrual, Provision	$ 0

Note 1 - Organization and Significant Accounting Policies

12 Months Ended

Dec. 31, 2025

Notes to Financial Statements

Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block]

NOTE 1. ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES

Business Description

Bimini Capital Management, Inc., a Maryland corporation (“Bimini Capital” and collectively with its subsidiaries, the “Company”) was formed in September 2003, and is a holding company. The Company operates in two business segments through its principal wholly owned operating subsidiary, Royal Palm Capital, LLC, which includes its wholly owned subsidiary, Bimini Advisors Holdings, LLC.

Royal Palm Capital, LLC maintains an investment portfolio, consisting primarily of residential mortgage-backed securities ("MBS") investments and shares of Orchid Island Capital, Inc. ("Orchid") common stock, for its own benefit. Royal Palm Capital, LLC and its wholly owned subsidiaries are collectively referred to as "Royal Palm."

Bimini Advisors Holdings, LLC and its wholly owned subsidiary, Bimini Advisors, LLC (an investment advisor registered with the Securities and Exchange Commission), are collectively referred to as "Bimini Advisors." Bimini Advisors manages an MBS portfolio for Orchid and receives fees for providing these services. Bimini Advisors also provides certain repurchase agreement trading, clearing and administrative services to Orchid. Bimini Advisors also manages the MBS portfolio of Royal Palm.

Consolidation

The accompanying consolidated financial statements include the accounts of Bimini Capital and its subsidiaries, as listed above. All inter-company accounts and transactions have been eliminated.

Basis of Presentation

The accompanying consolidated financial statements are prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States (“GAAP”). In the opinion of management, all adjustments considered necessary for a fair presentation of the Company's consolidated financial position, results of operations and cash flows have been included and are of a normal and recurring nature.

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could significantly differ from those estimates. Significant estimates affecting the accompanying consolidated financial statements include determining the fair values of mortgage-backed securities (“MBS”), the amounts of asset valuation allowances, and the computation of the income tax provision or benefit and the deferred tax asset allowances recorded for each accounting period.

Segment Reporting

The Company’s operations are classified into two reportable segments: the asset management segment and the investment portfolio segment. These segments are evaluated by management in deciding how to allocate resources and in assessing performance. The accounting policies of the operating segments are the same as the Company’s accounting policies described in this note with the exception that inter-segment revenues and expenses are included in the presentation of segment results. For further information see Note 15.

Variable Interest Entities (VIEs)

A variable interest entity ("VIE") is consolidated by an enterprise if it is deemed the primary beneficiary of the VIE. The Company obtains interests in VIEs through its investments in MBS. The interests in these VIEs are passive in nature and are not expected to result in the Company obtaining a controlling financial interest in these VIEs in the future. As a result, the Company does not consolidate these VIEs and accounts for the interest in these VIEs as MBS. See Note 3. The maximum exposure to loss for these VIEs is the carrying value of the MBS.

Bimini Capital has a common share investment in a trust, Bimini Capital Trust II, ("BCTII"), used in connection with the issuance of Bimini Capital's junior subordinated notes. BCTII is a VIE, as the holders of the equity investment at risk do not have adequate decision making ability over BCTII’s activities. Bimini Capital's investment was financed directly by BCTII as a result of its loan of the proceeds to Bimini Capital, therefore that investment is not an equity investment at risk and is not a variable interest. Since Bimini Capital is not the primary beneficiary of BCTII, the Company has not consolidated the financial statements of BCTII into its consolidated financial statements, and this investment is accounted for on the equity method. See Note 9.

Cash and Cash Equivalents and Restricted Cash

Cash and cash equivalents include cash on deposit with financial institutions and highly liquid investments with original maturities of three months or less at the time of purchase. Restricted cash includes cash pledged as collateral for repurchase agreements and margin for derivative instruments. The following table presents the Company’s cash, cash equivalents and restricted cash as of December 31, 2025 and 2024.

	*2025*		*2024*
Cash and cash equivalents	$	12,696,660	$	5,671,347
Restricted cash		1,621,399		1,751,399
Total cash, cash equivalents and restricted cash	$	14,318,059	$	7,422,746

The Company maintains cash balances at several banks and excess margin with one exchange clearing members. At times, balances may exceed federally insured limits. The Company has not experienced any losses related to these balances. Restricted cash balances are uninsured, but are held in separate accounts that are segregated from the general funds of the counterparty. The Company limits uninsured balances to only large, well-known banks and exchange clearing members and believes that it is not exposed to significant credit risk on cash and cash equivalents or restricted cash balances.

Advisory Services

Bimini Advisors manages and advises Orchid pursuant to the terms of a management agreement. See Note 2. Under the terms of the management agreement, Orchid is obligated to pay Bimini Advisors a monthly management fee and a pro rata portion of certain overhead costs and to reimburse the Company for any direct expenses incurred on its behalf. Revenues from management fees are recognized over the period of time in which the service is performed.

Mortgage-Backed Securities

The Company invests primarily in pass-through (“PT”) MBS issued by Freddie Mac, Fannie Mae or Ginnie Mae, collateralized mortgage obligations (“CMOs”), interest-only (“IO”) securities and inverse interest-only (“IIO”) securities representing interest in or obligations backed by pools of mortgage-backed loans. The Company refers to MBS and CMOs as PT MBS and IO and IIO securities as structured MBS. The Company has elected to account for its investment in MBS under the fair value option. Electing the fair value option requires the Company to record changes in fair value in the consolidated statement of operations, which, in management’s view, more appropriately reflects the results of operations for a particular reporting period and is consistent with the underlying economics and how the portfolio is managed.

The Company records MBS transactions on the trade date. Security purchases that have not settled as of the balance sheet date are included in the MBS balance with an offsetting liability recorded, whereas securities sold that have not settled as of the balance sheet date are removed from the MBS balance with an offsetting receivable recorded.

Fair value is defined as the price that would be received to sell the asset or paid to transfer the liability in an orderly transaction between market participants at the measurement date. The fair value measurement assumes that the transaction to sell the asset or transfer the liability either occurs in the principal market for the asset or liability, or in the absence of a principal market, occurs in the most advantageous market for the asset or liability. Estimated fair values for MBS are based on independent pricing sources and/or third-party broker quotes, when available.

Income on PT MBS is based on the stated interest rate of the security. Premiums or discounts present at the date of purchase are not amortized. Premium loss and discount accretion resulting from monthly principal repayments are reflected in unrealized gains and losses on MBS in the consolidated statements of operations. For IO securities, the income is accrued based on the carrying value and the effective yield. The difference between income accrued and the interest received on the security is characterized as a return of investment and serves to reduce the asset’s carrying value. At each reporting date, the effective yield is adjusted prospectively for future reporting periods based on the new estimate of prepayments and the contractual terms of the security. For IIO securities, effective yield and income recognition calculations also take into account the index value applicable to the security. Changes in fair value of MBS during each reporting period are recorded in earnings and reported as unrealized gains or losses on MBS in the accompanying consolidated statements of operations. The amount reported as unrealized gains or losses on MBS thus captures the net effect of changes in the fair market value of securities caused by market developments and any premium or discount lost as a result of principal repayments during the period. Realized gains and losses on sales of MBS, using the specific identification method, are reported as a separate component of net portfolio income on the statement of operations.

Orchid Island Capital, Inc. Common Stock

The Company accounts for its investment in Orchid common shares at fair value. The change in the fair value and dividends received on this investment are reflected in the consolidated statements of operations for each reporting period. We estimate the fair value of Orchid's common shares on a market approach using “Level 1” inputs based on the quoted market price of Orchid’s common stock on a national stock exchange.

Derivative Financial Instruments

The Company has historically used derivative instruments to manage interest rate risk, facilitate asset/liability strategies and manage other exposures, and it may continue to do so in the future. The principal instruments that the Company has used are interest rate futures contracts, and “to-be-announced” (“TBA”) securities. The Company accounts for TBA securities as derivative instruments. Other types of derivative instruments may be used in the future. Gains and losses associated with derivative transactions are reported in gain (loss) on derivative instruments in the accompanying consolidated statements of operations.

During the year ended December 31, 2025, the Company only held U.S. Treasury Note ("T-Note") and Secured Overnight Financing Rate ("SOFR") futures contracts. The Company recorded income (loss) of approximately $(1.9) million and $2.4 million on these instruments during the years ended December 31, 2025 and 2024, respectively.

Derivative instruments are carried at fair value, and changes in fair value are recorded in the consolidated statements of operations for each period. The Company’s derivative financial instruments are not designated as hedge accounting relationships, but rather are used as economic hedges of its portfolio assets and liabilities. Gains and losses on derivatives, except those that result in cash receipts or payments, are included in operating activities on the statements of cash flows. Cash payments and cash receipts from settlements of derivatives, including current period net cash settlements on interest rate swaps, is classified as an investing activity on the statements of cash flows. The Company's derivative agreements generally contain provisions that allow for netting or setting off derivative assets and liabilities with the counterparty; however, related assets and liabilities are reported on a gross basis in the Company's consolidated balance sheets. Derivative instruments in a gain position, if any, are reported as derivative assets at fair value and derivative instruments in a loss position, if any, are reported as derivative liabilities at fair value in the consolidated balance sheets.

Holding derivatives creates exposure to credit risk related to the potential for failure by counterparties to honor their commitments. In the event of default by a counterparty, the Company may have difficulty recovering its collateral and may not receive payments provided for under the terms of the agreement. The Company’s derivative agreements require it to post or receive collateral to mitigate such risk. In addition, the Company uses only registered central clearing exchanges and well-established commercial banks as counterparties, monitors positions with individual counterparties and adjusts posted collateral as required. The Company’s futures contracts are exchange traded contracts that are valued based on exchange pricing with daily margin requirements. The margin requirement varies based on the market value of the open position and the equity retained in the account. Margin posted is treated as settlement of the outstanding value of the futures contract. Any margin excess or deficit outstanding is recorded as a receivable or payable as of the date of the Company’s balance sheets. The Company realizes gains and losses on these contracts upon expiration equal to the difference between the current fair value of the underlying asset and the contractual price of the futures contract.

Financial Instruments

The fair value of financial instruments is disclosed either in the body of the consolidated financial statements or in the accompanying notes. MBS, Orchid common stock and derivative assets and liabilities are accounted for at fair value in the consolidated balance sheets. The methods and assumptions used to estimate fair value for these instruments are presented in Note 14.

Property and Equipment, net

Property and equipment, net, consists of computer equipment with a depreciable life of 3 years, office furniture and equipment with depreciable lives of 8 to 20 years, land which has no depreciable life, and buildings and improvements with depreciable lives of 30 years. Property and equipment is recorded at acquisition cost and depreciated to their respective salvage values using the straight-line method over the estimated useful lives of the assets. Depreciation is included in administrative and other expenses in the consolidated statement of operations.

Repurchase Agreements

The Company finances the acquisition of the majority of its PT MBS through the use of repurchase agreements under master repurchase agreements. Repurchase agreements are accounted for as collateralized financing transactions, which are carried at their contractual amounts, including accrued interest, as specified in the respective agreements.

Earnings Per Share

Basic EPS is calculated as income available to common stockholders divided by the weighted average number of common shares outstanding during the period. Diluted EPS is calculated using the treasury stock or two-class method, as applicable for common stock equivalents. However, the common stock equivalents are not included in computing diluted EPS if the result is anti-dilutive.

Outstanding shares of Class B Common Stock, participating and convertible into Class A Common Stock, are entitled to receive dividends in an amount equal to the dividends declared, if any, on each share of Class A Common Stock. Accordingly, shares of the Class B Common Stock are included in the computation of basic EPS using the two-class method and, consequently, are presented separately from Class A Common Stock.

The shares of Class C Common Stock are not included in the basic EPS computation as these shares do not have participation rights. The outstanding shares of Class B and Class C Common Stock are not included in the computation of diluted EPS for the Class A Common Stock as the conditions for conversion into shares of Class A Common Stock were not met.

Income Taxes

Income taxes are provided for using the asset and liability method. Deferred tax assets and liabilities represent the differences between the financial statement and income tax bases of assets and liabilities using enacted tax rates. The measurement of net deferred tax assets is adjusted by a valuation allowance if, based on the Company’s evaluation, it is more likely than not that they will not be fully realized in future accounting periods.

The Company’s U.S. federal income tax returns for years ended on or after December 31, 2022 remain open for examination. Although management believes its calculations for tax returns are correct and the positions taken thereon are reasonable, the final outcome of a tax examination, should it occur, could be materially different from the tax returns filed by the Company, and those differences could result in significant costs or benefits to the Company. Bimini Capital and its includable subsidiaries, and Royal Palm and its includable subsidiaries, file their tax returns as separate tax paying entities.

The Company assesses the likelihood, based on their technical merit, that uncertain tax positions will be sustained during a tax examination based on the facts, circumstances and information available. The measurement of uncertain tax positions is adjusted when new information is available, or when an event occurs that requires a change. The Company recognizes tax positions in the consolidated financial statements only when it is more likely than not that the position will be sustained upon examination by the relevant taxing authority based on the technical merits of the position. A position that meets this standard is measured at the largest amount of benefit that will more likely than not be realized upon settlement. The difference between the benefit recognized and the tax benefit claimed on a tax return is referred to as an unrecognized tax benefit and is recorded as a liability in the consolidated balance sheets. The Company has recorded no such liabilities. The Company records income tax-related interest and penalties, if applicable, within the income tax provision.

Recent Accounting Pronouncements

In December 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which requires, among other things, greater disaggregation of information in the income tax rate reconciliation and for paid income taxes to be disaggregated by jurisdiction. The Company adopted ASU No. 2023-09 in the current period and retrospectively. The adoption of ASU No. 2023-09 did not have any impact on the financial statements or results of operations.

In November 2024, the FASB issued ASU No. 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses. The amendments in the ASU require disclosures about specific types of expenses included in the expense captions presented on the Consolidated Statements of Income, as well as disclosures about selling expenses. ASU 2024-03 is effective for fiscal years beginning after December 15, 2026, with early adoption allowed. We are currently evaluating the impact of adoption on our financial disclosures.

Award Timing Disclosure	12 Months Ended
Award Timing Disclosure	Dec. 31, 2025
Award Tmg Disc Line Items
Award Timing MNPI Considered [Flag]	false

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Dec. 31, 2025	Dec. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ 5,801,390	$ (1,306,334)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation	76,150	75,809
Deferred income tax (benefit) provision	(1,308,695)	3,116,727
Unrealized losses (gains) on investments	(2,687,955)	308,521
Changes in operating assets and liabilities:
Accrued interest receivable	186,548	(112,980)
Due from affiliates	(493,270)	(153,990)
Other assets	(155,441)	18,672
Accrued interest payable	(174,470)	214,265
Other liabilities	1,090,006	99,971
NET CASH PROVIDED BY OPERATING ACTIVITIES	2,883,378	3,192,162
CASH FLOWS FROM INVESTING ACTIVITIES:
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	35,888,546	(30,487,443)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from repurchase agreements	888,907,478	823,015,000
Principal repayments on repurchase agreements	(920,762,477)	(792,741,000)
Principal repayments on long-term debt	(21,612)	(26,259)
Class A common shares repurchased and retired	0	0
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES	(31,876,611)	30,247,741
NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	6,895,313	2,952,460
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of the year	7,422,746	4,470,286
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of the year	14,318,059	7,422,746
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Interest	6,986,789	7,327,002
Orchid Island Capital [Member]
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Unrealized losses (gains) on investments	330,061	369,897
Collateralized Mortgage-Backed Securities [Member]
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Unrealized losses (gains) on investments	(2,687,955)	308,521
Realized losses on mortgage-backed securities	219,054	561,604
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases	0	(90,161,778)
Sales	19,513,040	46,252,051
Principal repayments	$ 16,375,506	$ 13,422,284

Note 16 - Related Party Transactions (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Investment Income, Dividend	$ 819,462	$ 819,462
Orchid Island Capital [Member]
Equity Method Investment, Ownership Percentage	0.30%	0.70%
Investment Income, Dividend	$ 800,000	$ 800,000

Consolidated Balance Sheets (Parentheticals) - $ / shares	Dec. 31, 2025	Dec. 31, 2024
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, authorized (in shares)	10,000,000	10,000,000
Preferred stock, issued (in shares)	0	0
Preferred stock, outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.001
Common stock, authorized (in shares)	100,000,000
Series A Preferred Stock [Member]
Preferred stock, authorized (in shares)	100,000	100,000
Preferred Undesignated [Member]
Preferred stock, authorized (in shares)	9,900,000	9,900,000
Common Class A [Member]
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, authorized (in shares)	98,000,000	98,000,000
Common stock, issued (in shares)	10,005,457	10,005,457
Common stock, outstanding (in shares)	10,005,457	10,005,457
Common Class B [Member]
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, authorized (in shares)	1,000,000	1,000,000
Common stock, issued (in shares)	31,938	31,938
Common stock, outstanding (in shares)	31,938	31,938
Common Class C [Member]
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, authorized (in shares)	1,000,000	1,000,000
Common stock, issued (in shares)	31,938	31,938
Common stock, outstanding (in shares)	31,938	31,938

Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2025

Accounting Policies [Abstract]

Consolidation, Policy [Policy Text Block]

Consolidation

The accompanying consolidated financial statements include the accounts of Bimini Capital and its subsidiaries, as listed above. All inter-company accounts and transactions have been eliminated.

Basis of Accounting, Policy [Policy Text Block]

Basis of Presentation

Use of Estimates, Policy [Policy Text Block]

Use of Estimates

Segment Reporting, Policy [Policy Text Block]

Segment Reporting

Consolidation, Variable Interest Entity, Policy [Policy Text Block]

Variable Interest Entities (VIEs)

Cash and Cash Equivalents, Policy [Policy Text Block]

Cash and Cash Equivalents and Restricted Cash

	*2025*		*2024*
Cash and cash equivalents	$	12,696,660	$	5,671,347
Restricted cash		1,621,399		1,751,399
Total cash, cash equivalents and restricted cash	$	14,318,059	$	7,422,746

Advisory Services [Policy Text Block]

Advisory Services

Marketable Securities, Policy [Policy Text Block]

Mortgage-Backed Securities

Investment, Policy [Policy Text Block]

Orchid Island Capital, Inc. Common Stock

Derivatives, Policy [Policy Text Block]

Derivative Financial Instruments

Fair Value of Financial Instruments, Policy [Policy Text Block]

Financial Instruments

Property, Plant and Equipment, Policy [Policy Text Block]

Property and Equipment, net

Repurchase and Resale Agreements Policy [Policy Text Block]

Repurchase Agreements

Earnings Per Share, Policy [Policy Text Block]

Earnings Per Share

Income Tax, Policy [Policy Text Block]

Income Taxes

New Accounting Pronouncements, Policy [Policy Text Block]

Recent Accounting Pronouncements

Note 16 - Related Party Transactions

12 Months Ended

Dec. 31, 2025

Notes to Financial Statements

NOTE 16. RELATED PARTY TRANSACTIONS

Other Relationships with Orchid

As of December 31, 2025 and 2024, the Company owned shares of Orchid common stock representing approximately 0.3% and 0.7%, respectively, of Orchid’s outstanding common stock, on such dates. During the years ended December 31, 2025 and 2024, the Company received dividends on this common stock investment of approximately $0.8 million and $0.8 million, respectively.

Robert Cauley, our Chief Executive Officer and Chairman of our Board of Directors, also serves as Chief Executive Officer and Chairman of the Board of Directors of Orchid, participates in Orchid's long term incentive compensation plan, and owns shares of common stock of Orchid. Hunter Haas, our Chief Financial Officer, Chief Investment Officer, Treasurer and member of Bimini's Board of Directors, also serves as Chief Financial Officer, Chief Investment Officer and Secretary of Orchid, is a member of Orchid’s Board of Directors, participates in Orchid's long term incentive compensation plan, and owns shares of common stock of Orchid. Robert J. Dwyer, an independent director of the Company, owns shares of common stock of Orchid.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

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+ Details

Note 8 - Offsetting Assets And Liabilities

12 Months Ended

Dec. 31, 2025

Notes to Financial Statements

Offsetting Assets And Liabilities [Text Block]

NOTE 8. OFFSETTING ASSETS AND LIABILITIES

The Company’s repurchase agreements are subject to underlying agreements with master netting or similar arrangements, which provide for the right of offset in the event of default or in the event of bankruptcy of either party to the transactions. The Company reports its assets and liabilities subject to these arrangements on a gross basis. The following table presents information regarding those assets and liabilities subject to such arrangements as if the Company had presented them on a net basis as of December 31, 2025 and 2024.

(in thousands)
*Offsetting of Liabilities*
					*Net Amount*		*Gross Amount*
			*Gross*		*of Liabilities*		*Not Offset in the*
			*Amount*		*Presented*		*Consolidated Balance Sheet*
	*Gross*		*Offset in the*		*in the*		*Financial*
	*Amount of*		*Consolidated*		*Consolidated*		*Instruments*			*Cash*
	*Recognized*		*Balance*		*Balance*		*Posted as*			*Posted as*			*Net*
	*Liabilities*		*Sheet*		*Sheet*		*Collateral*			*Collateral*			*Amount*
December 31, 2025
Repurchase Agreements	$	85,326	$	-	$	85,326	$	(84,758	)	$	(568	)	$	-
	$	85,326	$	-	$	85,326	$	(84,758	)	$	(568	)	$	-
December 31, 2024
Repurchase Agreements	$	117,181	$	-	$	117,181	$	(116,552	)	$	(629	)	$	-
	$	117,181	$	-	$	117,181	$	(116,552	)	$	(629	)	$	-

The amounts disclosed for collateral received by or posted to the same counterparty are limited to the amount sufficient to reduce the asset or liability presented in the consolidated balance sheet to zero. The fair value of the actual collateral received by or posted to the same counterparty typically exceeds the amounts presented. See Note 7 for a discussion of collateral posted for, or received against, repurchase obligations and derivative instruments.

Note 17 - Subsequent Event

12 Months Ended

Dec. 31, 2025

Notes to Financial Statements

Subsequent Events [Text Block]

NOTE 17. SUBSEQUENT EVENT

Pending Acquisition of Tom Johnson Investment Management, LLC

On January 13, 2026, the Company entered into a Membership Interest Purchase Agreement (the “Agreement”) in connection with the TJIM Acquisition. Following the closing contemplated by the Agreement (the “Closing”), the existing owners of TJIM will retain an ownership interest in TJIM. The purchase price to be paid in the TJIM Acquisition will equal 2.5 times 80% of TJIM’s revenue for the fiscal year ended December 31, 2025 and will be paid in cash at the Closing if the purchase price is less than or equal to $12,000,000. To the extent that the purchase price exceeds $12,000,000, the excess will be paid in three equal installments on the first, second, and third anniversaries of the Closing, plus interest at the rate of five percent (5%) per annum, compounded annually; provided, however, that if the excess is less than $1,000,000, it will be paid on or before the first anniversary of the Closing. The transaction agreement includes mutual put and call rights that could result in the Company’s acquisition of the remaining 20% equity interest retained by the existing owners.

Consolidated Statements of Equity - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Balances (in shares) at Dec. 31, 2023	10,069,333
Balances at Dec. 31, 2023	$ 10,069	$ 329,815,150	$ (321,697,478)	$ 8,127,741
Net income (loss)	$ 0	0	(1,306,334)	(1,306,334)
Balances (in shares) at Dec. 31, 2024	10,069,333
Balances at Dec. 31, 2024	$ 10,069	329,815,150	(323,003,812)	6,821,407
Net income (loss)	$ 0	0	5,801,390	5,801,390
Balances (in shares) at Dec. 31, 2025	10,069,333
Balances at Dec. 31, 2025	$ 10,069	$ 329,815,150	$ (317,202,422)	$ 12,622,797

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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- Definition

Amount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest.

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+ Details

Note 5 - Other Assets and Other Liabilities (Tables)

12 Months Ended

Dec. 31, 2025

Notes Tables

Schedule of Other Assets [Table Text Block]

(in thousands)
	*2025*		*2024*
Investment in Bimini Capital Trust II	$	804	$	804
Prepaid expenses		391		236
Other		71		70
Total other assets	$	1,266	$	1,110

Other Liabilities [Table Text Block]

(in thousands)
	*2025*		*2024*
Accrued payroll	$	3,583	$	2,867
Accrued liabilities		196		41
Accounts payable		319		100
Total other liabilities	$	4,098	$	3,008

Note 15 - Segment Information - Schedule of Segment Information (Details) - USD ($)

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Advisory services, external customers

$ 16,575,415

$ 12,784,468

Advisory services, other operating segments(1)

^[1]

Interest and dividend income

7,129,000

6,658,000

Interest expense

(6,813,000)

(7,541,000)

Net revenues

16,891,000

11,901,000

Other income (expense)

205,090

1,167,019

Operating expenses(3)

^[2]

(12,603,000)

(11,258,000)

Intercompany expenses(1)

^[1]

Income (loss) before income taxes

4,492,695

1,810,393

Year-end assets

129,693,972

154,853,657

Operating Segments [Member] | Asset Management [Member]

Advisory services, external customers

16,575,000

12,784,000

Advisory services, other operating segments(1)

^[1]

189,000

145,000

Interest and dividend income

Interest expense

Net revenues

16,764,000

12,929,000

Other income (expense)

Operating expenses(3)

^[2]

(8,778,000)

(7,241,000)

Intercompany expenses(1)

^[1]

Income (loss) before income taxes

7,986,000

5,688,000

Year-end assets

2,617,000

2,006,000

Operating Segments [Member] | Investment Portfolio [Member]

Advisory services, external customers

Advisory services, other operating segments(1)

^[1]

Interest and dividend income

7,129,000

6,657,000

Interest expense

(4,677,000)

(5,140,000)

Net revenues

2,452,000

1,517,000

Other income (expense)

205,000

1,167,000

Operating expenses(3)

^[2]

(3,825,000)

(4,016,000)

Intercompany expenses(1)

^[1]

(189,000)

(145,000)

Income (loss) before income taxes

(1,357,000)

(1,477,000)

Year-end assets

120,751,000

146,714,000

Segment Reporting, Reconciling Item, Corporate Nonsegment [Member]

Advisory services, external customers

Advisory services, other operating segments(1)

^[1]

Interest and dividend income

1,000

Interest expense

^[3]

(2,136,000)

(2,401,000)

Net revenues

(2,136,000)

(2,400,000)

Other income (expense)

Operating expenses(3)

^[2]

(1,000)

Intercompany expenses(1)

^[1]

Income (loss) before income taxes

(2,136,000)

(2,401,000)

Year-end assets

6,326,000

6,134,000

Intersegment Eliminations [Member]

Advisory services, external customers

Advisory services, other operating segments(1)

^[1]

(189,000)

(145,000)

Interest and dividend income

Interest expense

Net revenues

(189,000)

(145,000)

Other income (expense)

Operating expenses(3)

^[2]

Intercompany expenses(1)

^[1]

189,000

145,000

Income (loss) before income taxes

Year-end assets

$ 0

[1]	Includes fees paid by Royal Palm to Bimini Advisors for advisory services at an annualized rate of 1.5% of capital allocated to Royal Palm's MBS portfolio.
[2]	Corporate expenses are allocated based on each segment’s proportional share of total revenues.
[3]	Includes interest on long-term debt.

Note 9 - Long-term Debt (Details Textual) - USD ($)	Oct. 31, 2024	Jun. 30, 2023	Dec. 31, 2025	Dec. 31, 2024	Jun. 30, 2024	Oct. 30, 2019
Junior Subordinated Debt Securities [Member] \| Bimini Capital Trust II (“BCTII”) [Member] \| Bimini Capital Trust Junior Subordinated Note [Member]
Long-Term Debt, Gross			$ 26,800,000	$ 26,800,000
Debt Instrument, Interest Rate, Effective Percentage			7.48%	8.12%
Junior Subordinated Debt Securities [Member] \| Bimini Capital Trust II (“BCTII”) [Member] \| Bimini Capital Trust Junior Subordinated Note [Member] \| CME Term SOFR [Member]
Debt Instrument, Basis Spread on Variable Rate		0.26161%
Debt Instrument, Interest Rate, Effective Percentage		3.50%
Notes Payable to Banks [Member]
Debt Instrument, Face Amount						$ 680,000
Debt Instrument, Interest Rate, Stated Percentage	7.37%					4.89%
Notes Payable to Banks [Member] \| US Treasury Securities Interest Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	3.25%
Bimini Capital Trust II (“BCTII”) [Member]
Noncontrolling Interest, Ownership Percentage by Parent					100.00%

Note 14 - Fair Value (Details Textual) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Retained Interest, Fair Value Disclosure	$ 0	$ 0

Note 11 - Commitments and Contingencies

12 Months Ended

Dec. 31, 2025

Notes to Financial Statements

Commitments and Contingencies Disclosure [Text Block]

NOTE 11. COMMITMENTS AND CONTINGENCIES

From time to time, the Company may become involved in various claims and legal actions arising in the ordinary course of business.

As previously disclosed, in April 2020 and November 2021, the Company received demands for payment from Citigroup, Inc. related to the indemnification provisions of various mortgage loan purchase agreements entered into prior to 2007. As of December 31, 2024, no further information has been received related to this matter. The ultimate resolution of this matter cannot presently be determined. However, in management's opinion, the demands are without merit and the likelihood of a material adverse outcome is remote. Accordingly, no provision or accrual has been recorded.

Management is not aware of any other significant reported or unreported contingencies as of December 31, 2025.