Trading Arrangements, by Individual
Trading Arrangements, by Individual [Table]
ACM
Limited Liability Company [Member]
Trading Arrangement:
Trading Arrangement [Axis]
Maximum
Maximum [Member]
Statistical Measurement [Domain]
Statistical Measurement [Domain]
Title of 12(b) Security
Title of 12(b) Security
Subsequent Event
Subsequent Event [Member]
Document Fiscal Year Focus
Document Fiscal Year Focus
Derivative assets (liabilities), net
Derivative Assets (Liabilities), at Fair Value, Net
Derivative Instruments, Gain (Loss) [Table]
Derivative Instruments, Gain (Loss) [Table]
Adjustment to Compensation, Amount
Adjustment to Compensation Amount
Financial Instrument [Axis]
Financial Instrument [Axis]
Number of Awards
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Receivable for unsettled sales
Noncash Investing And Financing Activities, Receivable For Broker-Dealers And Clearing Organizations
Noncash Investing And Financing Activities, Receivable For Broker-Dealers And Clearing Organizations
Segment Reporting [Abstract]
Common stock, $0.001 par value, 250,000 and 175,000 shares authorized; 148,415 shares and 111,915 shares issued and outstanding at September 30, 2026 and December 31, 2025, respectively.
Common Stock, Value, Issued
Restatement Determination Date
Restatement Determination Date
ARMOUR TRS Inc. (income) loss
Effective Taxable Income Reconciliation, Reversal Of Income
Effective Taxable Income Reconciliation, Reversal Of Income
Derivative Instrument [Axis]
Derivative Instrument [Axis]
Schedule of Effective Income Tax Rate Reconciliation
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]
Amendment Flag
Amendment Flag
Debt and Equity Securities, FV-NI [Line Items]
Debt and Equity Securities, FV-NI [Line Items]
Entity Common Stock, Shares Outstanding (in shares)
Entity Common Stock, Shares Outstanding
Gain (Loss) on Agency Securities, trading, net
Effective Taxable Income Reconciliation, Trading Securities, Agency Securities
Effective Taxable Income Reconciliation, Trading Securities, Agency Securities
Greater than or equal to 1 year and less than 3 years
Trading Securities, Debt Maturities, Rolling Year One And Three, Fair Value
Trading Securities, Debt Maturities, Rolling Year One And Three, Fair Value
Less than 1 year
Trading Securities, Debt Maturities, Next Rolling Twelve Months, Amortized Cost Basis
Trading Securities, Debt Maturities, Next Rolling Twelve Months, Amortized Cost Basis
Schedule of Available-for-sale Securities in an Unrealized Gain or Loss Position
Debt Securities, Available-for-Sale [Table Text Block]
Cumulative distributions to stockholders
Totals
Cumulative Dividends
Amortized Cost
Debt Securities, Trading, and Equity Securities, FV-NI, Cost [Abstract]
Total TBA Agency Securities
TBA Agency Securities [Member]
TBA Agency Securities [Member]
Uncommitted Revolving Credit Facility and Security Agreement
Uncommitted Revolving Credit Facility and Security Agreement [Member]
Uncommitted Revolving Credit Facility and Security Agreement
Related Party Transactions
Related Party Transactions Disclosure [Text Block]
Adjustment to Non-PEO NEO Compensation Footnote
Adjustment to Non-PEO NEO Compensation Footnote [Text Block]
Entity Address, State or Province
Entity Address, State or Province
Preferred Stock, 7.00% Series C Cumulative Redeemable
Series C Preferred Stock
Series C Preferred Stock [Member]
PEO Total Compensation Amount
PEO Total Compensation Amount
Derivative liability, centrally-cleared
Derivative Liability, Centrally-Cleared
Derivative Liability, Centrally-Cleared
Common stock, par value (in dollars per share)
Common stock, par value (in dollars per share)
Common Stock, Par or Stated Value Per Share
Assets at Fair Value:
Assets, Fair Value Disclosure [Abstract]
Cash Collateral Posted To/By Counterparties
Cash Collateral Posted/(Held) From Counterparties, Policy [Policy Text Block]
Cash Collateral Posted/(Held) from Counterparties, Policy [Policy Text Block]
Unvested RSU Awards Outstanding at beginning of period (in shares)
Unvested RSU Awards Outstanding at end of period (in shares)
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number
Notional Amount
Notional Amount
Derivative, Notional Amount
Basic (in shares)
Weighted average common shares outstanding – basic (in shares)
Weighted Average Number of Shares Outstanding, Basic
Aggregate Borrowings
Borrowings [Member]
Schedule of Related Party Transactions
Schedule of Related Party Transactions [Table Text Block]
Gross Unrealized Loss
Debt Securities, Trading, Accumulated Gross Unrealized Loss, Before Tax
Debt Securities, Trading, Accumulated Gross Unrealized Loss, Before Tax
Outstanding Aggregate Erroneous Compensation Amount
Outstanding Aggregate Erroneous Compensation Amount
Number of reportable segments
Number of Reportable Segments
DRIP, Per Share price (in dollars per share)
Dividend Reinvestment Program, Per Share Price
Dividend Reinvestment Program, Per Share Price
Schedule of Derivative Instruments
Schedule of Derivative Instruments [Table Text Block]
Increase in accrued interest receivable
Increase (Decrease) in Accrued Interest Receivable, Net
Concentration Risk [Table]
Concentration Risk [Table]
Entity Address, City or Town
Entity Address, City or Town
Obligations to Return Securities Received as Collateral, at Fair Value
Derivatives, Offsetting Fair Value Amounts, Policy [Policy Text Block]
Fair Value
Derivative, Fair Value, Net
Granted (in shares)
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Aggregate tax basis of stockholders' equity in excess of assets and liabilities
Aggregate Tax Basis Stockholders' Equity In Excess Of Assets And Liabilities
Aggregate Tax Basis Stockholders' Equity In Excess Of Assets And Liabilities
Statement of Financial Position [Abstract]
Statement of Financial Position [Abstract]
Title of Individual [Domain]
Title and Position [Domain]
Less than 1 year
Trading Securities, Debt Maturities, Next Rolling Twelve Months, Fair Value
Trading Securities, Debt Maturities, Next Rolling Twelve Months, Fair Value
Award Timing MNPI Disclosure
Award Timing MNPI Disclosure [Text Block]
Vested (in shares)
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period
Basis of Presentation
Basis of Accounting, Policy [Policy Text Block]
Series C Preferred stock dividends paid
Payments of Ordinary Dividends, Preferred Stock and Preference Stock
Class of Stock [Axis]
Class of Stock [Axis]
Greater than or equal to 7 years and less than 10 years
Interest Rate Swap, Between 7 and 10 Years [Member]
Interest Rate Swap, Between 7 and 10 Years
Peer Group Total Shareholder Return Amount
Peer Group Total Shareholder Return Amount
Capital Loss Carryforward
Capital Loss Carryforward [Member]
Net Income (Loss) available (related) to common stockholders
Net Income (Loss) Available to Common Stockholders, Basic
Proceeds from issuance of DRIP, net
Stock Issued During Period, Value, Dividend Reinvestment Plan
Level 2
Fair Value, Inputs, Level 2 [Member]
Total Shareholder Return Vs Peer Group
Total Shareholder Return Vs Peer Group [Text Block]
Receivables and Payables for Unsettled Sales and Purchases
Receivables And Payable For Unsettled Sales and Purchases, Policy [Policy Text Block]
Receivables and Payable for Unsettled Sales and Purchases, Policy [Policy Text Block]
Preferred stock, undesignated shares authorized (in shares)
Preferred Stock, Undesignated Shares Authorized
Preferred Stock, Undesignated Shares Authorized
Non-Rule 10b5-1 Arrangement Terminated
Non-Rule 10b5-1 Arrangement Terminated [Flag]
Debt securities
Debt Securities, Available For Sale And Trading, Agency Securities
Debt Securities, Available For Sale And Trading, Agency Securities
Compensation cost not yet recognized, thereafter
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Thereafter
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Thereafter
2023 Common stock ATM Sales Agreement
2023 Common Stock ATM Sales Agreement [Member]
2023 Common Stock ATM Sales Agreement
Repurchase Agreements, net
Repurchase and Resale Agreements Policy [Policy Text Block]
Preferred stock dividends
Aggregate amount paid to holders of record
Dividends, Preferred Stock
Subsequent Event Type [Axis]
Subsequent Event Type [Axis]
Concentration Risk Type [Axis]
Concentration Risk Type [Axis]
Non-Cash Investing Activities:
Non-Cash Investing Activities [Abstract]
Non-Cash Investing Activities
Armour Management Agreement
Armour Management Agreement [Member]
Armour Management Agreement [Member]
Cash collateral posted to counterparties
Cash Collateral for Borrowed Securities
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Use of Estimates
Use of Estimates, Policy [Policy Text Block]
Related Party [Axis]
Related and Nonrelated Parties [Axis]
Issuance of common stock under dividend reinvestment program (in shares)
Stock Issued During Period, Shares, Dividend Reinvestment Plan
Futures contracts
Eurodollar Future [Member]
Document Period End Date
Document Period End Date
Cost Basis
Derivative, Implied Cost Basis
Derivative, Implied Cost Basis
Net cash and cash equivalents and cash collateral posted to counterparties used in investing activities
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation
Equity Awards Adjustments, Excluding Value Reported in Compensation Table
Equity Awards Adjustments, Excluding Value Reported in the Compensation Table [Member]
Gross Amounts Not Offset, Cash Collateral
Derivative Asset, Subject to Master Netting Arrangement, Collateral, Obligation to Return Cash Not Offset
Preferred stock, shares outstanding (in shares)
Beginning balance, preferred (in shares)
Ending balance, preferred (in shares)
Preferred Stock, Shares Outstanding
Stockholders' Equity
Equity [Text Block]
Security Exchange Name
Security Exchange Name
Net operating loss carryforwards available for use indefinitely
Deferred Tax Assets, Operating Loss Carryforwards
Repurchase agreements, net (including $9,644,292 and $8,426,540, at September 30, 2026 and December 31, 2025, respectively with BUCKLER)
Repurchase agreements, net
Securities Sold under Agreements to Repurchase
Agency Securities
Agency Securities [Member]
Tax Credit Carryforward [Table]
Tax Credit Carryforward [Table]
Entity Shell Company
Entity Shell Company
Number of shares authorized (in shares)
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized
Net Income (Loss) per Common Share
Earnings Per Share [Text Block]
Interest Income:
Interest Income (Expense), Operating [Abstract]
Name
Outstanding Recovery, Individual Name
Net Income (Loss) per share available (related) to common stockholders (Note 11):
Earnings Per Share [Abstract]
Award Timing, How MNPI Considered
Award Timing, How MNPI Considered [Text Block]
Offsetting Liabilities [Line Items]
Offsetting Liabilities [Line Items]
Schedule of Weighted Average Number of Shares
Schedule of Weighted Average Number of Shares [Table Text Block]
Document Fiscal Period Focus
Document Fiscal Period Focus
Peer Group Issuers, Footnote
Peer Group Issuers, Footnote [Text Block]
Total Liabilities
Liabilities
Trading Symbol
Trading Symbol
Number of counterparties
Repurchase Agreements, Number Of Counterparties
Repurchase Agreements, Number Of Counterparties
Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year
Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year [Member]
Pension Adjustments Prior Service Cost
Pension Adjustments Prior Service Cost [Member]
Company Selected Measure Name
Company Selected Measure Name
Sale of Stock [Domain]
Sale of Stock [Domain]
Purchases of Agency Securities
Payments to Acquire Debt Securities, Available-for-Sale
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Abstract]
Preferred stock dividends, cash paid (in dollars per share)
Preferred Stock, Dividends, Per Share, Cash Paid
Fixed interest rate (as percent)
Derivative, Fixed Interest Rate
Other
Effective Taxable Income Reconciliation, Other Adjustments
Effective Taxable Income Reconciliation, Other Adjustments
Offsetting Liabilities [Table]
Offsetting Liabilities [Table]
Percentage of gross equity raised used in calculation of management fee up to 1 billion
Related Party Transaction, Management Agreement, Percentage Of Gross Equity Raised Used in Calculation Of Management Fee Up To One Billion
Related Party Transaction, Management Agreement, Percentage Of Gross Equity Raised Used in Calculation Of Management Fee Up To One Billion
Concentration Risk [Line Items]
Concentration Risk [Line Items]
Related Party Transactions [Abstract]
Related Party Transactions [Abstract]
Cash Flows Provided By (Used In) Operating Activities:
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation [Abstract]
Compensation Amount
Outstanding Recovery Compensation Amount
Dividends payable
Dividends Payable, Current
Individual:
Individual [Axis]
Diluted (in shares)
Weighted average common shares outstanding – diluted (in shares)
Weighted Average Number of Shares Outstanding, Diluted
Common stock dividends, cash paid (in dollars per share)
Common Stock, Dividends, Per Share, Cash Paid
Entity Emerging Growth Company
Entity Emerging Growth Company
Equity Valuation Assumption Difference, Footnote
Equity Valuation Assumption Difference, Footnote [Text Block]
Related Party Transaction [Line Items]
Related Party Transaction [Line Items]
Derivatives, at Fair Value
Derivatives, Policy [Policy Text Block]
Net (accretion) amortization of U.S. Treasury Securities
Accretion (Amortization) Of Discounts And Premiums, Investments, Trading
Accretion (Amortization) Of Discounts And Premiums, Investments, Trading
Pledged securities
Debt Securities, Available For Sale And Trading, Agency Securities, Pledged Financial Instruments
Debt Securities, Available For Sale And Trading, Agency Securities, Pledged Financial Instruments
Underlying Security Market Price Change
Underlying Security Market Price Change, Percent
Investments in securities, at fair value
Debt Securities, Current [Abstract]
Derivatives
Derivative Instruments and Hedging Activities Disclosure [Text Block]
U.S. Treasury Securities
US Treasury Securities
US Treasury Securities [Member]
Entities [Table]
Entities [Table]
Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table]
Schedule of Share-Based Compensation Arrangements by Share-Based Payment Award [Table]
Tax Credit Carryforward, Name [Domain]
Tax Credit Carryforward, Name [Domain]
Other receivables
Other Receivables
Award Timing Predetermined
Award Timing Predetermined [Flag]
Decrease in cash collateral posted by counterparties
Increase (Decrease) Cash Collateral from Counterparties
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-Sale [Line Items]
Gain (Loss) on U.S. Treasury Securities, net
Debt Securities, Gain (Loss)
Adjustment To PEO Compensation, Footnote
Adjustment To PEO Compensation, Footnote [Text Block]
Level 1
Fair Value, Inputs, Level 1 [Member]
Purchases of U.S. Treasury Securities (includes $50,049 and $203,422 with BUCKLER, respectively)
Purchases of securities
Payment for Acquisition, Trading Security, Held-for-Investment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Add: Effect of dilutive non-vested awards, assumed vested (in shares)
Incremental Common Shares Attributable to Dilutive Effect of Share-Based Payment Arrangements
Proceeds from sales of U.S. Treasury Securities (includes $49,000 and $100,502 with BUCKLER, respectively)
Proceeds from sales of U.S. treasury securities
Proceeds from Sale, Debt Security, Trading, and Equity Security, FV-NI, Held-for-Investment
Weighted average grant date fair value (in dollars per share)
Unvested RSU Awards Outstanding at beginning of period (in dollars per share)
Unvested RSU Awards Outstanding at end of period (in dollars per share)
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value
All Executive Categories
All Executive Categories [Member]
Pension Adjustments Service Cost
Pension Adjustments Service Cost [Member]
Preferred stock, par value (in dollars per share)
Preferred stock, par value (in dollars per share)
Preferred Stock, Par or Stated Value Per Share
Change in derivatives, at fair value
Increase (Decrease) in Derivative Assets and Liabilities
Plan Name [Domain]
Plan Name [Domain]
Scenario [Domain]
Scenario [Domain]
Repurchase agreements, carrying amount
Balance
Assets Sold under Agreements to Repurchase, Carrying Amount
Concentration Risk Type [Domain]
Concentration Risk Type [Domain]
Preferred stock, designated but unissued shares authorized (in shares)
Preferred Stock, Designated But Unissued Shares Authorized
Preferred Stock, Designated But Unissued Shares Authorized
2030
Contractual Obligation, to be Paid, Year Four
Offsetting Assets [Table]
Offsetting Assets [Table]
Amortized Cost
Debt Securities, Trading, Amortized Cost
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Abstract]
Segment Reporting
Segment Reporting [Text Block]
Investments in Securities
Investment in Debt and Equity Securities and Other Trading Assets [Text Block]
Principal repayments of Agency Securities
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-Sale
Minimum
Minimum [Member]
Equity method investments, value
Equity Method Investment, Quoted Market Value
Common stock dividends paid
Aggregate amount paid to holders of record
Payments of Ordinary Dividends, Common Stock
Expiration Date
Trading Arrangement Expiration Date
Liabilities
Liabilities [Abstract]
Gross Amounts Not Offset, Financial Instruments
Derivative Asset, Subject to Master Netting Arrangement, Deduction of Financial Instrument Not Offset
Non-Rule 10b5-1 Arrangement Adopted
Non-Rule 10b5-1 Arrangement Adopted [Flag]
Executive And Other ACM Employees
Executive And Other ACM Employees [Member]
Executive And Other ACM Employees
Total Net
Derivative Asset, Subject to Master Netting Arrangement, after Offset and Deduction
Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table
Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table [Member]
Affiliated Entity
Affiliated Entity [Member]
Common stock dividends
Aggregate amount paid to holders of record
Dividends, Common Stock
Greater than or equal to 5 years and less than 7 years
Interest Rate Swap, Between 5 and 7 Years [Member]
Interest Rate Swap, Between 5 and 7 Years [Member]
Aggregate Pension Adjustments Service Cost
Aggregate Pension Adjustments Service Cost [Member]
Derivative [Table]
Derivative [Table]
Issuance of common stock, net of expenses
Net Proceeds (costs)
Proceeds from Issuance of Common Stock
Common stock, shares authorized (in shares)
Common stock, shares authorized (in shares)
Common Stock, Shares Authorized
Number of shares issued in transaction (in shares)
Sale of Stock, Number of Shares Issued in Transaction
Greater than or equal to 3 years and less than 5 years
Interest Rate Swap, Between 3 and 5 Years [Member]
Interest Rate Swap, Between 3 and 5 Years [Member]
2033
Contractual Obligation, to be Paid, Year Seven
Contractual Obligation, to be Paid, Year Seven
Exercise Price
Award Exercise Price
30 Year Long, 5.5%
TBA Agency Securities, 30-year, 5.5% [Member]
TBA Agency Securities, 30-year, 5.5%
Cash Flows Provided By (Used In) Investing Activities:
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation [Abstract]
Related Party Transaction [Axis]
Related Party Transaction [Axis]
Average haircut (as a percent)
Haircut On Repurchase Agreements
Haircut On Repurchase Agreements
Compensation cost not yet recognized
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount
Document Quarterly Report
Document Quarterly Report
Repurchase Agreements and Similar Transactions, Maturity Periods [Axis]
Repurchase Agreements and Similar Transactions, Maturity Periods [Axis]
Three Repurchase Agreement Counterparties
Three Repurchase Agreement Counterparties [Member]
Three Repurchase Agreement Counterparties
Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested
Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested [Member]
Interest rate swap contracts
Interest Rate Swap
Interest Rate Swap [Member]
Proceeds from sales of Agency Securities
Proceeds from Sale of Debt Securities, Available-for-Sale
Unrealized gain (loss) yet to be amortized
Derivative Instrument, Unrealized Gain (Loss), Yet To Be Recognized
Derivative Instrument, Unrealized Gain (Loss), Yet To Be Recognized
Scenario [Axis]
Scenario [Axis]
Total
Contractual Obligation
Schedule of Contractual Management Fee Commitments Obligation
Contractual Obligation, Fiscal Year Maturity [Table Text Block]
Repurchase Agreements, net
Repurchase Agreements, Resale Agreements, Securities Borrowed, and Securities Loaned Disclosure [Text Block]
Management fees
Management Fee Expense
Preferred stock, liquidation preference (in dollars per share)
Preferred Stock, Liquidation Preference Per Share
Awards Close in Time to MNPI Disclosures, Table
Awards Close in Time to MNPI Disclosures [Table Text Block]
Equity Component [Domain]
Equity Component [Domain]
PEO Actually Paid Compensation Amount
PEO Actually Paid Compensation Amount
Total Other Income (Loss)
Other Operating Income (Loss)
Other Operating Income (Loss)
Adoption Date
Trading Arrangement Adoption Date
Repurchase Agreement Borrowings
Repurchase Agreement Borrowings [Member]
Repurchase Agreement Borrowings [Member]
Counterparty Name [Domain]
Counterparty Name [Domain]
Total Stockholders’ Equity
Beginning balance
Ending balance
Equity, Attributable to Parent
Payable for unsettled purchases
Broker-Dealer, Payable to Other Broker-Dealer and Clearing Organization
Percentage of gross equity raised used in calculation of management fee in excess of 1 billion
Related Party Transaction, Management Agreement, Percentage Of Gross Equity Raised Used In Calculation Of Management Fee In Excess Of One Billion
Related Party Transaction, Management Agreement, Percentage Of Gross Equity Raised Used In Calculation Of Management Fee In Excess Of One Billion
Weighted Average Rate
Derivative Weighted Average Interest Rate
Derivative Weighted Average Interest Rate
Offsetting Assets [Line Items]
Offsetting Assets [Line Items]
Assets
Assets [Abstract]
Receivable for unsettled sales (including pledged securities of $350,147 ($158,151 with BUCKLER) at September 30, 2026)
Receivable from Broker-Dealer and Clearing Organization
Title
Trading Arrangement, Individual Title
Forgone Recovery due to Disqualification of Tax Benefits, Amount
Forgone Recovery due to Disqualification of Tax Benefits, Amount
Monthly percentage of effective management fee percentage
Related Party Transaction, Management Agreement, Monthly Percentage of Effective Management Fee Percentage
Related Party Transaction, Management Agreement, Monthly Percentage of Effective Management Fee Percentage
Accounting Policies [Abstract]
Accounting Policies [Abstract]
Restatement does not require Recovery
Restatement Does Not Require Recovery [Text Block]
Weighted Average Remaining Term (Months)
Derivative, Average Remaining Maturity
Payments of stock issuance costs
Payments of Stock Issuance Costs
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted
Insider Trading Policies and Procedures Adopted [Flag]
Repurchase program, shares authorized (in shares)
Share Repurchase Program, Authorized, Number of Shares
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) [Line Items]
Greater than or equal to 1 year and less than 3 years
Trading Securities, Debt Maturities, Rolling Year One And Three, Amortized Cost Basis
Trading Securities, Debt Maturities, Rolling Year One And Three, Amortized Cost Basis
Less management fees waived
Management fees waived
Investment Company, Contractual Fee Waived
Tax Credit Carryforward [Axis]
Tax Credit Carryforward [Axis]
Other Expenses Reimbursed
Other Expenses Reimbursed [Member]
Other Expenses Reimbursed
Commitments and Contingencies
Commitments and Contingencies Disclosure [Text Block]
Compensation Actually Paid vs. Net Income
Compensation Actually Paid vs. Net Income [Text Block]
Number of operating segments
Number of Operating Segments
Potentially dilutive non-vested awards outstanding (in shares)
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount
Restricted Stock Units (RSUs)
Restricted Stock Units (RSUs) [Member]
Entity Central Index Key
Entity Central Index Key
Receipts from reverse repurchase agreements (includes $0 and $2,307,250 with BUCKLER, respectively)
Receipts from reverse repurchase agreements
Proceeds from Securities Purchased under Agreements to Resell
All Adjustments to Compensation
All Adjustments to Compensation [Member]
Equity [Abstract]
Equity [Abstract]
Issuance of Preferred stock, net (in shares)
Stock Issued During Period, Shares, New Issues, Preferred Stock
Stock Issued During Period, Shares, New Issues, Preferred Stock
Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year
Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year [Member]
Preferred stock, aggregate liquidation preference
Preferred Stock, Liquidation Preference, Value
Net cash and cash equivalents and cash collateral posted to counterparties provided by operating activities
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation
Compensation cost not yet recognized, remainder of fiscal year
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Remainder of Fiscal Year
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Remainder of Fiscal Year
Income Statement [Abstract]
Income Statement [Abstract]
Stockholders’ Equity
Equity, Attributable to Parent [Abstract]
Document Transition Report
Document Transition Report
Amortization of deferred Treasury Future gains
Effective Taxable Income Reconciliation, Amortization Of Deferred Treasury Future Gains
Effective Taxable Income Reconciliation, Amortization Of Deferred Treasury Future Gains
Principal repayments on repurchase agreements (including $(59,279,674) and $(62,334,995), respectively with BUCKLER)
Principal repayments on repurchase agreements
Payments For Securities Sold Under Agreements To Repurchase
Payments For Securities Sold Under Agreements To Repurchase
Nonemployee services transaction, quarterly fee
Nonemployee Services Transaction, Quarterly Fee
Nonemployee Services Transaction, Quarterly Fee
Fair Value Hierarchy and NAV [Axis]
Fair Value Hierarchy and NAV [Axis]
Investment, Name [Axis]
Investment, Name [Axis]
Expenses:
Operating Expenses [Abstract]
Preferred stock, dividend rate (as percent)
Preferred Stock, Dividend Rate, Percentage
Period of written notice of termination (in days)
Management Agreement, Period Of Written Notice Of Termination
Management Agreement, Period Of Written Notice Of Termination
Stock Appreciation Rights (SARs)
Stock Appreciation Rights (SARs) [Member]
Less management fees waived
Management Fees Waived [Member]
Management Fees Waived
Basis spread (as percent)
Debt Instrument, Basis Spread on Variable Rate
Totals
Trading Securities, Debt Maturities, Amortized Cost Basis
Trading Securities, Debt Maturities, Amortized Cost Basis
Schedule of Dividends Payable
Schedule of Dividends Payable [Table Text Block]
City Area Code
City Area Code
Variable Rate [Domain]
Variable Rate [Domain]
Termination fee ratio based on contractual management fee
Termination Fee Ratio Based On Contractual Management Fee
Termination Fee Ratio Based On Contractual Management Fee
All Individuals
All Individuals [Member]
Subsequent Events
Subsequent Events [Text Block]
Payment of dividends
Payments of Dividends
Name
Forgone Recovery, Individual Name
Payable for unsettled purchases
Noncash Investing And Financing Activities, Payables To Broker-Dealers And Clearing Organizations
Noncash Investing And Financing Activities, Payables To Broker-Dealers And Clearing Organizations
Non-GAAP Measure Description
Non-GAAP Measure Description [Text Block]
Weighted Average Grant Date Fair Value per Award
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Statement [Line Items]
Statement [Line Items]
Total Assets
Assets
Estimated REIT taxable income
Estimated REIT Taxable Income
Estimated REIT Taxable Income
Preferred stock, shares issued (in shares)
Preferred Stock, Shares Issued
Common stock, shares outstanding (in shares)
Common Stock, Capital Shares Reserved for Future Issuance
Assets Sold under Agreements to Repurchase [Line Items]
Assets Sold under Agreements to Repurchase [Line Items]
The 2009 Stock Incentive Plan
The 2009 Stock Incentive Plan [Member]
-- None. No documentation exists for this element. --
Issuance of Preferred stock, net
Stock Issued During Period, Value, New Issues, Preferred Stock
Stock Issued During Period, Value, New Issues, Preferred Stock
Schedule of Assets Sold under Agreements to Repurchase [Table]
Asset Sold under Agreement to Repurchase [Table]
Stock Based Compensation
Share-Based Payment Arrangement [Text Block]
Remainder of 2026
Contractual Obligation, to be Paid, Remainder of Fiscal Year
Accounts payable and other accrued expenses
Accounts Payable and Other Accrued Liabilities
30 Year Long, 6.0%
TBA Agency Securities, 30-year, 6.0% [Member]
TBA Agency Securities, 30-year, 6.0%
Organization and Nature of Business Operations
Nature of Operations [Text Block]
Issuance of common stock, net (in shares)
Stock Issued During Period, Shares, New Issues
PEO
PEO [Member]
2028
Contractual Obligation, to be Paid, Year Two
Board of Directors
Board of Directors [Member]
Board of Directors [Member]
Greater than or equal to 5 years
Trading Securities, Debt Maturities, Rolling After Year Five, Amortized Cost Basis
Trading Securities, Debt Maturities, Rolling After Year Five, Amortized Cost Basis
Forgone Recovery due to Violation of Home Country Law, Amount
Forgone Recovery due to Violation of Home Country Law, Amount
Cash and cash equivalents
Cash and Cash Equivalents, Policy [Policy Text Block]
Granted (in dollars per share)
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value
Gross Amounts Not Offset, Financial Instruments
Derivative Liability, Subject to Master Netting Arrangement, Deduction of Financial Instrument Not Offset
Subsequent Event Type [Domain]
Subsequent Event Type [Domain]
Gross Unrealized Gain
Debt Securities, Trading, Accumulated Gross Unrealized Gain, Before Tax
Debt Securities, Trading, Accumulated Gross Unrealized Gain, Before Tax
Accumulated Net Loss
Retained Earnings [Member]
Total Expenses
Operating Expenses
Erroneously Awarded Compensation Recovery
Erroneously Awarded Compensation Recovery [Table]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock, shares outstanding (in shares)
Beginning balance, common (in shares)
Ending balance, common (in shares)
Common stock, shares outstanding (in shares)
Common Stock, Shares, Outstanding
Award Timing Disclosures [Line Items]
Revenue Recognition
Revenue Recognition, Interest [Policy Text Block]
Diluted (in dollars per share)
Net Income (loss) per share available (related) to common stockholders - diluted - diluted (in dollars per share)
Earnings Per Share, Diluted
Entity Current Reporting Status
Entity Current Reporting Status
Disclosure of Repurchase Agreements [Abstract]
Disclosure of Repurchase Agreements [Abstract]
Net cash and cash equivalents and cash collateral posted to counterparties provided by financing activities
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation
Total Shareholder Return Amount
Total Shareholder Return Amount
Preferred C ATM Sales Agreement
Preferred C ATM Sales Agreement [Member]
January 29, 2020, Equity Sales Agreement
Increase in prepaid and other assets
Increase (Decrease) in Prepaid Expense and Other Assets
ARMOUR management fees
ARMOUR Management Fees [Member]
ARMOUR Management Fees
Liabilities at Fair Value:
Liabilities, Fair Value Disclosure [Abstract]
Number of counterparties with repurchase agreements outstanding
Repurchase Agreements, Number Of Counterparties With Outstanding Borrowings
Repurchase Agreements, Number Of Counterparties With Outstanding Borrowings
30 Year Long, 6.5%
TBA Agency Securities, 30-year, 6.5% [Member]
TBA Agency Securities, 30-year, 6.5%
Fair Value
Debt Securities, Trading, and Equity Securities, FV-NI [Abstract]
Adjustments to reconcile net income (loss) to net cash and cash equivalents and cash collateral posted to counterparties provided by operating activities:
Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity [Abstract]
Schedule of Offsetting Assets
Offsetting Assets [Table Text Block]
Share-based Payment Arrangement [Abstract]
Share-Based Payment Arrangement [Abstract]
Cash Flows Provided By (Used In) Financing Activities:
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation [Abstract]
Number of counterparties with master repurchase agreements
Repurchase Agreements, Number Of Counterparties With Master Repurchase Agreements
Repurchase Agreements, Number Of Counterparties With Master Repurchase Agreements
Weighted Average Maturity in days
Repurchase Agreement, Weighted-Average Maturity Period
Financial Instruments [Domain]
Financial Instruments [Domain]
Derivatives, at fair value
Derivatives
Gross Amounts
Derivative Asset
Common stock repurchased
Stock Repurchased During Period, Value
Equity Awards Adjustments, Footnote
Equity Awards Adjustments, Footnote [Text Block]
Underlying Securities
Award Underlying Securities Amount
Issuance of common stock, net
Stock Issued During Period, Value, New Issues
Preferred Stock
Preferred dividends
Preferred Stock [Member]
Tax Credit Carryforward [Line Items]
Tax Credit Carryforward [Line Items]
Loss on U.S. Treasury Securities, net
Debt Securities, Trading, Unrealized Gain (Loss)
Greater than or equal to 10 years
Interest Rate Swap, Greater Than Or Equal To 10 Years [Member]
Interest Rate Swap, Greater Than Or Equal To 10 Years
Schedule of Nonvested Restricted Stock Units Activity
Nonvested Restricted Stock Shares Activity [Table Text Block]
Cumulative Distributions to Stockholders
Accumulated Distributions in Excess of Net Income [Member]
Accrued interest payable- repurchase agreements (including $29,701 and $27,752, at September 30, 2026 and December 31, 2025, respectively with BUCKLER)
Accrued interest payable, repurchase agreements, amounts with BUCKLER
Interest Payable, Securities Sold Under Agreements to Repurchase
Interest Payable, Securities Sold Under Agreements to Repurchase
Schedule of Related Party Transactions, by Related Party [Table]
Related Party Transaction [Table]
Sale of Stock [Axis]
Sale of Stock [Axis]
Title of Individual [Axis]
Title and Position [Axis]
Investments in Securities, at Fair Value
Marketable Securities, Policy [Policy Text Block]
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Abstract]
All Trading Arrangements
All Trading Arrangements [Member]
Other Performance Measure, Amount
Other Performance Measure, Amount
Award Timing MNPI Considered
Award Timing MNPI Considered [Flag]
Schedule of Dividends Transactions
Dividends Declared [Table Text Block]
Current Fiscal Year End Date
Current Fiscal Year End Date
Less than 3 years
Interest Rate Swap, Less Than 3 Years [Member]
Interest Rate Swap, Less Than 3 Years [Member]
Non-PEO NEO Average Total Compensation Amount
Non-PEO NEO Average Total Compensation Amount
Derivative [Line Items]
Derivative [Line Items]
Related Party Transaction [Domain]
Related Party Transaction [Domain]
Trading securities, number of dealers
Trading Securities, Quotes Received, Number Of Dealers
Trading Securities, Quotes Received, Number Of Dealers
Common stock repurchased (in shares)
Common stock repurchased (in shares)
Stock Repurchased During Period, Shares
Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year
Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year [Member]
Dividends declared per common share (in dollars per share)
Common Stock, Dividends, Per Share, Declared
Entity File Number
Entity File Number
Rule 10b5-1 Arrangement Adopted
Rule 10b5-1 Arrangement Adopted [Flag]
Stock based compensation, net of withholding requirements
Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture
Receivable for unsettled sales
Receivables From Brokers Dealers And Clearing Organizations Amount Of Pledged Securities
Receivables From Brokers Dealers And Clearing Organizations Amount Of Pledged Securities
Aggregate tax basis of stockholders' equity in excess of assets and liabilities (in dollars per share)
Aggregate Tax Basis Stockholders' Equity In Excess Of Assets And Liabilities Per Share
Aggregate Tax Basis Stockholders' Equity In Excess Of Assets And Liabilities Per Share
Schedule of Investments Classified by Contractual Maturity Date
Investments Classified by Contractual Maturity Date [Table Text Block]
Increase (decrease) in accrued interest payable- repurchase agreements
Increase (Decrease) in Payables under Repurchase Agreements
2032
Contractual Obligation, to be Paid, Year Six
Contractual Obligation, to be Paid, Year Six
Recovery of Erroneously Awarded Compensation Disclosure [Line Items]
Common stock, shares issued (in shares)
Common stock, shares issued (in shares)
Common Stock, Shares, Issued
Measure:
Measure [Axis]
Weighted average common shares outstanding:
Weighted Average Common Shares Outstanding: [Abstract]
-- None. No documentation exists for this element. --
Entity Information [Line Items]
Entity Information [Line Items]
Equity Components [Axis]
Equity Components [Axis]
Related Party
Related Party [Member]
Class of Stock [Line Items]
Class of Stock [Line Items]
Entity Interactive Data Current
Entity Interactive Data Current
Variable Rate [Axis]
Variable Rate [Axis]
Compensation Actually Paid vs. Other Measure
Compensation Actually Paid vs. Other Measure [Text Block]
Entity Small Business
Entity Small Business
Termination Date
Trading Arrangement Termination Date
Disbursements on reverse repurchase agreements (includes $0 and $(1,860,188) with BUCKLER, respectively)
Disbursements on reverse repurchase agreements
Payments for Securities Purchased under Agreements to Resell
Remaining shares authorized to be repurchased (in shares)
Share Repurchase Program, Remaining Authorized, Number of Shares
Subsequent Events [Abstract]
Subsequent Events [Abstract]
Fair Value, Recurring and Nonrecurring [Table]
Fair Value, Recurring and Nonrecurring [Table]
BUCKLER Securities, LLC
BUCKLER Securities, LLC [Member]
BUCKLER Securities, LLC [Member]
Compensation Actually Paid vs. Total Shareholder Return
Compensation Actually Paid vs. Total Shareholder Return [Text Block]
Net Interest Income
Interest Income (Expense), Operating
MNPI Disclosure Timed for Compensation Value
MNPI Disclosure Timed for Compensation Value [Flag]
Document Type
Document Type
Maximum lending capacity
Related Party Transactions, Maximum Lending Capacity
Related Party Transactions, Maximum Lending Capacity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value as of Grant Date
Award Grant Date Fair Value
Tax credit carryforward
Tax Credit Carryforward, Amount
Summary of Significant Accounting Policies
Significant Accounting Policies [Text Block]
Pay vs Performance Disclosure, Table
Pay vs Performance [Table Text Block]
Arrangement Duration
Trading Arrangement Duration
Statement of Stockholders' Equity [Abstract]
Statement of Stockholders' Equity [Abstract]
Debt Securities, Trading, and Equity Securities, FV-NI [Table]
Debt Securities, Trading, and Equity Securities, FV-NI [Table]
Gain (Loss) on Agency Securities, trading, net
(Gain) Loss on Agency Securities, trading, net
Debt Securities, Trading, Gain (Loss)
Local Phone Number
Local Phone Number
Entity Address, Postal Zip Code
Entity Address, Postal Zip Code
Entity Registrant Name
Entity Registrant Name
Net (accretion) amortization of premium on Agency Securities
Accretion (Amortization) Of Discounts And Premiums, Investments, Available-For-Sale
Accretion (Amortization) Of Discounts And Premiums, Investments, Available-For-Sale
Changes in operating assets and liabilities:
Increase (Decrease) in Operating Assets [Abstract]
Repurchase Agreements and Similar Transactions, Maturity Periods [Domain]
Repurchase Agreements and Similar Transactions, Maturity Periods [Domain]
Insider Trading Policies and Procedures Not Adopted
Insider Trading Policies and Procedures Not Adopted [Text Block]
Amortization of deferred hedging costs
Effective Taxable Income Reconciliation, Amortization Of Financing Costs And Discounts
Effective Taxable Income Reconciliation, Amortization Of Financing Costs And Discounts
Commitments and contingencies (Note 8 and Note 13)
Commitments and Contingencies
Changed Peer Group, Footnote
Changed Peer Group, Footnote [Text Block]
Accounting Standards Update and Change in Accounting Principle [Table]
Accounting Standards Update and Change in Accounting Principle [Table]
Increase in accounts payable and other accrued expenses
Increase (Decrease) in Accounts Payable and Accrued Liabilities
Forgone Recovery due to Expense of Enforcement, Amount
Forgone Recovery due to Expense of Enforcement, Amount
Executive Category:
Executive Category [Axis]
Counterparty Name [Axis]
Counterparty Name [Axis]
Liabilities and Stockholders’ Equity
Liabilities and Equity [Abstract]
Other Commitments [Table]
Other Commitments [Table]
Greater than or equal to 3 years and less than 5 years
Trading Securities, Debt Maturities, Rolling Year Three And Five, Fair Value
Trading Securities, Debt Maturities, Rolling Year Three And Five, Fair Value
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
2029
Contractual Obligation, to be Paid, Year Three
Changes in interest rate contracts
Effective Taxable Income Reconciliation, Changes In Derivatives
Effective Taxable Income Reconciliation, Changes In Derivatives
Award Type [Domain]
Award Type [Domain]
Cash collateral posted by counterparties
Cash Collateral Held For Counterparties
Cash Collateral Held For Counterparties
Totals
Trading Securities, Debt Maturities, Fair Value
Trading Securities, Debt Maturities, Fair Value
Non-PEO NEO Average Compensation Actually Paid Amount
Non-PEO NEO Average Compensation Actually Paid Amount
Fair Value of Financial Instruments
Fair Value Disclosures [Text Block]
Level 3
Fair Value, Inputs, Level 3 [Member]
Supplemental Disclosure:
Supplemental Cash Flow Information [Abstract]
Decrease in accrued interest payable- U.S. Treasury Securities sold short
Increase (Decrease) In Interest Payable, U.S. Treasury Securities Sold Short
Increase (Decrease) In Interest Payable, U.S. Treasury Securities Sold Short
PEO Name
PEO Name
Proceeds from divestiture of interest in joint venture
Proceeds from Divestiture of Interest in Joint Venture
Stock Price or TSR Estimation Method
Stock Price or TSR Estimation Method [Text Block]
Entity Tax Identification Number
Entity Tax Identification Number
Ratio of indebtedness to net capital
Ratio of Indebtedness to Net Capital
≤ 30 days
Maturity Less than 30 Days [Member]
Prepaid and other
Prepaid Expense and Other Assets
Other Commitments [Line Items]
Other Commitments [Line Items]
Cash and cash equivalents and cash collateral posted to counterparties - beginning of period
Cash and cash equivalents and cash collateral posted to counterparties - end of period
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation
Dividends on preferred stock
Less: Preferred dividends
Preferred Stock Dividends, Income Statement Impact
Gross Amounts Not Offset, Cash Collateral
Derivative Liability, Subject to Master Netting Arrangement, Collateral, Right to Reclaim Cash Not Offset
Debt securities
Debt Securities
Entity Incorporation, State or Country Code
Entity Incorporation, State or Country Code
Aggregate Erroneous Compensation Not Yet Determined
Aggregate Erroneous Compensation Not Yet Determined [Text Block]
Total Net
Derivative Liability, Subject to Master Netting Arrangement, after Offset and Deduction
Material Terms of Trading Arrangement
Material Terms of Trading Arrangement [Text Block]
Non-NEOs
Non-NEOs [Member]
Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year
Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year [Member]
Percentage of voting interests acquired
Equity Method Investment, Ownership Percentage
Stock based compensation
Share-Based Payment Arrangement, Noncash Expense
Compensation
Labor and Related Expense
Stockholders' Equity
Stockholders' Equity, Total [Member]
Greater than or equal to 3 years and less than 5 years
Trading Securities, Debt Maturities, Rolling Year Three And Five, Amortized Cost Basis
Trading Securities, Debt Maturities, Rolling Year Three And Five, Amortized Cost Basis
Amounts of transaction
Related Party Transaction, Amounts of Transaction
Investment, Name [Domain]
Investment, Name [Domain]
Basic (in dollars per share)
Net Income (loss) per share available (related) to common stockholders - basic - basic (in dollars per share)
Earnings Per Share, Basic
Greater than or equal to 5 years
Trading Securities, Debt Maturities, Rolling After Year Five, Fair Value
Trading Securities, Debt Maturities, Rolling After Year Five, Fair Value
Common stock repurchased
Payments for Repurchase of Common Stock
Collateralized Mortgage-Backed Securities
Collateralized Mortgage-Backed Securities [Member]
Statistical Measurement [Axis]
Statistical Measurement [Axis]
Insider Trading Arrangements [Line Items]
Common stock, additional shares authorized (in shares)
Common Stock, Additional Shares Authorized
Common Stock, Additional Shares Authorized
Schedule of Derivative Instruments, Gain (Loss)
Derivative Instruments, Gain (Loss) [Table Text Block]
Award Type [Axis]
Award Type [Axis]
Weighted average maturity (in days)
Concentration Risk, Weighted Average Maturity
Concentration Risk, Weighted Average Maturity
August 2025 Public Offering
August 2025 Public Offering [Member]
August 2025 Public Offering
Accrued Interest Receivable and Payable
Accrued Interest Receivable And Payable, Policy [Policy Text Block]
Disclosure of accounting policy for accrued interest receivable and payable.
Named Executive Officers, Footnote
Named Executive Officers, Footnote [Text Block]
Accumulated net loss
Retained Earnings (Accumulated Deficit)
ATM Sales Agreement
ATM Sales Agreement [Member]
ATM Sales Agreement
Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table
Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table [Member]
Interest expense (including $(93,128) and $(82,157) and $(260,192) and $(211,475), respectively with BUCKLER)
Interest on repurchase agreements
Interest Expense, Securities Sold under Agreements to Repurchase
Awards Close in Time to MNPI Disclosures
Awards Close in Time to MNPI Disclosures [Table]
Common Stock, $0.001 par value
Common Stock
Common Stock [Member]
Debt securities, available-for-sale
Debt Securities, Available-for-Sale
Compensation Actually Paid vs. Company Selected Measure
Compensation Actually Paid vs. Company Selected Measure [Text Block]
Cover [Abstract]
Cover [Abstract]
Total Expenses after fees waived
Expenses, After Fees Waived
Expenses, After Fees Waived
Proceeds from repurchase agreements (including $60,497,426 and $64,158,045, respectively with BUCKLER)
Proceeds from repurchase agreements
Proceeds From Securities Sold Under Agreements To Repurchase
Proceeds From Securities Sold Under Agreements To Repurchase
Percentage of concentration risk
Concentration Risk, Percentage
Concentration Risk Benchmark [Axis]
Concentration Risk Benchmark [Axis]
Derivative Contract [Domain]
Derivative Contract [Domain]
Equity Awards Adjustments
Equity Awards Adjustments [Member]
Compensation cost not yet recognized, year one
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Year One
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Year One
Total Liabilities and Stockholders’ Equity
Liabilities and Equity
Employee Stock Option
Share-Based Payment Arrangement, Option [Member]
Principal Amount
Debt Securities, Trading, Principal Amount
Debt Securities, Trading, Principal Amount
Issuance of Series C Preferred stock, net of expenses
Proceeds from issuance of common stock, net
Proceeds from Issuance of Preferred Stock and Preference Stock
Additional 402(v) Disclosure
Additional 402(v) Disclosure [Text Block]
Plan Name [Axis]
Plan Name [Axis]
Related Party [Domain]
Related and Nonrelated Parties [Domain]
Trading securities
Fair Value
Debt Securities, Trading
Interest Income
Interest Income, Debt Securities, Operating
Tabular List, Table
Tabular List [Table Text Block]
Additional paid-in capital
Additional Paid in Capital
To-be-Announced Agency Securities
TBA Agency Securities
To-be-Announced Agency Securities [Member]
To-be-Announced Agency Securities [Member]
Other operating
Other Operating Income (Expense), Net
Name
Awards Close in Time to MNPI Disclosures, Individual Name
Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested
Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested [Member]
Per Share price (in dollars per share)
Sale of Stock, Price Per Share
Preferred stock, shares authorized (in shares)
Preferred stock, shares authorized (in shares)
Preferred Stock, Shares Authorized
Preferred stock, $0.001 par value, 50,000 shares authorized; 7.00% Series C Cumulative Preferred Stock; 7,676 shares and 7,048 shares issued and outstanding ($25.00 per share liquidation preference) at September 30, 2026 and December 31, 2025, respectively
Preferred Stock, Value, Issued
Adjustment to Compensation:
Adjustment to Compensation [Axis]
Book to tax differences:
Book to tax differences: [Abstract]
-- None. No documentation exists for this element. --
Class of Stock [Domain]
Class of Stock [Domain]
Rule 10b5-1 Arrangement Terminated
Rule 10b5-1 Arrangement Terminated [Flag]
Aggregate Erroneous Compensation Amount
Aggregate Erroneous Compensation Amount
Cash paid during the period for interest
Interest Paid, Excluding Capitalized Interest, Operating Activity
Statement of Cash Flows [Abstract]
Statement of Cash Flows [Abstract]
2027
Contractual Obligation, to be Paid, Year One
Total management fee expense
Management Fee Expense [Member]
Management Fee Expense
Schedule of Equity Transactions
Schedule of Stock by Class [Table Text Block]
Aggregate Available
Trading Arrangement, Securities Aggregate Available Amount
Weighted Average Contractual Rate
Assets Sold under Agreements to Repurchase, Interest Rate
Schedule of Repurchase Agreements
Schedule of Repurchase Agreements [Table Text Block]
Gross equity raised
Related Party Transaction, Management Agreement, Gross Equity Raised
Related Party Transaction, Management Agreement, Gross Equity Raised
Name
Measure Name
Gain (Loss) on U.S. Treasury Securities, net
Effective Taxable Income Reconciliation, Trading Securities, US Treasury Securities
Effective Taxable Income Reconciliation, Trading Securities, US Treasury Securities
Effective management fee (as percent)
Related Party Transaction, Management Agreement, Effective Management Fee Percentage
Related Party Transaction, Management Agreement, Effective Management Fee Percentage
Income Taxes
Income Tax Disclosure [Text Block]
Pay vs Performance Disclosure [Line Items]
Fair Value Hierarchy and NAV [Domain]
Fair Value Hierarchy and NAV [Domain]
Pay vs Performance Disclosure
Pay vs Performance Disclosure [Table]
Additional Paid-in Capital
Additional Paid-in Capital [Member]
Entity Filer Category
Entity Filer Category
2031
Contractual Obligation, to be Paid, Year Five
Counterparty Concentration Risk
Counterparty Concentration Risk [Member]
Counterparty Concentration Risk [Member]
Schedule of Offsetting Liabilities
Offsetting Liabilities [Table Text Block]
Accrued interest receivable
Interest Receivable
Name
Trading Arrangement, Individual Name
Cash and cash equivalents
Cash and Cash Equivalent
Basis of Presentation and Consolidation
Basis of Accounting [Text Block]
Gain (Loss) on derivatives, net
Total Gain (Loss) on Derivatives, net
Gain (Loss) on Derivative Instruments, Net, Pretax
Concentration Risk Benchmark [Domain]
Concentration Risk Benchmark [Domain]
Company Selected Measure Amount
Company Selected Measure Amount
Commission rate (as percent)
Sale Of Stock, Commission Rate
Sale Of Stock, Commission Rate
Investments, Debt and Equity Securities [Abstract]
Investments, Debt and Equity Securities [Abstract]
Schedule of Tax Credit Carryforwards
Summary of Tax Credit Carryforwards [Table Text Block]
Secured Overnight Financing Rate (SOFR)
Secured Overnight Financing Rate (SOFR) [Member]
Stock based compensation, net of withholding requirements (in shares)
Shares Issued, Shares, Share-Based Payment Arrangement, after Forfeiture
Schedule of Stock by Class [Table]
Stock, Class of Stock [Table]
Automatic renewal period of management agreement (in years)
Management Agreement, Automatic Renewal Period
Management Agreement, Automatic Renewal Period
Derivatives, at fair value
Derivatives
Gross Amounts
Derivative Liability
Non-PEO NEO
Non-PEO NEO [Member]
Derivative asset, centrally - cleared
Derivative Asset, Centrally-Cleared
Derivative Asset, Centrally-Cleared
Entity Address, Address Line One
Entity Address, Address Line One
Vested (in dollars per share)
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value
Centrally-cleared
Gain (Loss) On Derivative Instruments, Centrally-Cleared
Gain (Loss) On Derivative Instruments, Centrally-Cleared
Award Timing Method
Award Timing Method [Text Block]
Derivative, remaining maturity (in years)
Derivative, Remaining Maturity
Consolidation
Consolidation, Policy [Policy Text Block]
Net increase (decrease) in cash and cash equivalents and cash collateral posted to counterparties
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation
Forecast
Forecast [Member]
Forgone Recovery, Explanation of Impracticability
Forgone Recovery, Explanation of Impracticability [Text Block]
Prior To Management Fees Waived
Prior To Management Fees Waived [Member]
Prior To Management Fees Waived
Net Income (Loss)
Net Income (loss)
GAAP net income (loss)
Net Income (Loss) Attributable to Parent
Erroneous Compensation Analysis
Erroneous Compensation Analysis [Text Block]
Statement [Table]
Statement [Table]
Restatement Determination Date:
Restatement Determination Date [Axis]
Other Income (Loss):
Other Operating Income Loss [Abstract]
Other Operating Income Loss [Abstract]
Fed Funds Effective Rate Overnight Index Swap Rate
Fed Funds Effective Rate Overnight Index Swap Rate [Member]
Number of additional shares (in shares)
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Incremental Increase of Shares Authorized
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Incremental Increase of Shares Authorized
Pension Benefits Adjustments, Footnote
Pension Benefits Adjustments, Footnote [Text Block]
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities Disclosure [Abstract]