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Consolidated Statements Of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Assets    
Cash and cash equivalents $ 912,932 $ 811,019
Cash segregated for regulatory purposes 73,235 227,727
Receivables:    
Brokerage clients, net 1,415,936 1,599,218
Brokers, dealers, and clearing organizations 1,024,752 601,831
Securities purchased under agreements to resell [1] 248,588 160,423
Financial instruments owned, at fair value 925,045 749,443
Available-for-sale securities, at fair value 3,181,313 1,629,907
Held-to-maturity securities, at amortized cost [2] 3,038,405 1,855,399
Loans held for sale, at lower of cost or market 228,588 189,921
Bank loans, net 5,591,190 3,143,515
Investments, at fair value 133,563 181,017
Fixed assets, net 172,828 181,966
Goodwill 962,282 915,602
Intangible assets, net 116,304 63,177
Loans and advances to financial advisors and other employees, net 396,318 401,293
Deferred tax assets, net 225,453 285,127
Other assets 482,624 329,466
Total Assets 19,129,356 13,326,051
Payables:    
Brokerage clients 842,014 1,000,422
Brokers, dealers, and clearing organizations 523,107 438,031
Drafts 94,451 183,857
Securities sold under agreements to repurchase [3] 268,546 278,674
Bank deposits 11,527,483 6,638,356
Financial instruments sold, but not yet purchased, at fair value 699,032 521,744
Accrued compensation 295,354 363,791
Accounts payable and accrued expenses 400,570 349,040
Federal Home Loan Bank advances 500,000 148,000
Borrowings 377,000 89,084
Senior notes 795,891 740,136
Debentures to Stifel Financial Capital Trusts 67,500 82,500
Total liabilities 16,390,948 10,833,635
Shareholders’ Equity:    
Preferred stock − $1 par value; authorized 3,000,000 shares; 6,000 issued 150,000  
Common stock − $0.15 par value; authorized 97,000,000 shares; issued 69,507,842 shares, respectively 10,426 10,426
Additional paid-in-capital 1,840,551 1,820,772
Retained earnings 876,958 805,685
Accumulated other comprehensive loss (39,042) (39,533)
Total Shareholders’ Equity 2,838,893 2,597,350
Treasury stock, at cost, 2,866,492 and 2,483,071 shares, respectively (100,485) (104,934)
Total Shareholders’ Equity 2,738,408 2,492,416
Total Liabilities and Shareholders’ Equity $ 19,129,356 $ 13,326,051
[1] Collateral received includes securities received by our company from the counterparty. These securities are not included on the consolidated statements of financial condition unless there is an event of default. The fair value of securities pledged as collateral was $248.5 million and $160.3 million at December 31, 2016 and 2015, respectively.
[2] Held-to-maturity securities are carried in the consolidated statements of financial condition at amortized cost, and the changes in the value of these securities, other than impairment charges, are not reported on the consolidated financial statements.
[3] Collateral pledged includes the fair value of securities pledged by our company to the counter party. These securities are included on the consolidated statements of financial condition unless we default. Collateral pledged by our company to the counter party includes U.S. government agency securities, U.S. government securities, and corporate fixed income securities with market values of $299.3 million and $285.7 million at December 31, 2016 and 2015, respectively.