Revenue Recognition (Tables)

9 Months Ended

Sep. 30, 2024

Revenue Recognition [Abstract]

Schedule of Principal Transactions and Proprietary Trading

The following table represents detail related to principal transactions and proprietary trading.

	Three Months Ended September 30,
	2024		2023		Increase (Decrease)
Principal transactions and proprietary trading
Realized and unrealized gain on primarily riskless principal transactions	$	3,865,000	$	2,657,000	$	1,208,000
Realized and unrealized gain on portfolio of U.S. government securities		332,000		1,096,000		(764,000	)
Total Principal transactions and proprietary trading	$	4,197,000	$	3,753,000	$	444,000

	Nine Months Ended September 30,
	2024		2023		Increase (Decrease)
Principal transactions and proprietary trading
Realized and unrealized gain on primarily riskless principal transactions	$	10,788,000	$	6,642,000	$	4,146,000
Realized and unrealized gain on portfolio of U.S. government securities		489,000		2,565,000		(2,076,000	)
Total Principal transactions and proprietary trading	$	11,277,000	$	9,207,000	$	2,070,000

Schedule of Revenue from Contracts with Customers

The table below presents revenue from contracts with customers by major types of services for the periods indicated.

	Three Months Ended September 30,						Nine Months Ended September 30,
	2024			2023			2024			2023
Commissions and fees	$	2,270,000		$	1,903,000		$	7,173,000		$	5,607,000
Interest, marketing and distribution fees
Interest, marketing and distribution fees revenue		8,449,000			7,292,000			25,207,000			21,943,000
Interest, marketing and distribution fees expense		(99,000	)		(98,000	)		(259,000	)		(360,000	)
Interest, marketing and distribution fees		8,350,000			7,194,000			24,948,000			21,583,000
Principal transactions and proprietary trading		4,197,000			3,753,000			11,277,000			9,207,000
Market making		597,000			223,000			1,706,000			836,000
Stock borrow / stock loan
Stock rebate revenue		546,000			841,000			1,547,000			2,834,000
Retail fees		2,000			(26,000	)		(10,000	)		(58,000	)
Stock locate fees		5,236,000			3,193,000			13,041,000			9,187,000
Stock borrow / stock loan		5,784,000			4,008,000			14,578,000			11,963,000
Advisory fees		629,000			506,000			1,670,000			1,421,000
Other income		733,000			463,000			2,527,000			1,195,000
Total revenue	$	22,560,000		$	18,050,000		$	63,879,000		$	51,812,000