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Consolidated Statements Of Financial Condition - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Assets    
Cash and cash equivalents $ 588,916 $ 912,932
Cash segregated for regulatory purposes 25,175 73,235
Receivables:    
Brokerage clients, net 1,290,031 1,415,936
Brokers, dealers, and clearing organizations 335,913 1,024,752
Securities purchased under agreements to resell [1] 458,335 248,588
Financial instruments owned, at fair value 1,065,503 925,045
Available-for-sale securities, at fair value 3,694,298 3,181,313
Held-to-maturity securities, at amortized cost [2] 3,554,765 3,038,405
Loans held for sale, at lower of cost or market 166,335 228,588
Bank loans, net 6,783,078 5,591,190
Investments, at fair value 112,649 133,563
Fixed assets, net 174,640 172,828
Goodwill 968,609 962,282
Intangible assets, net 112,019 116,304
Loans and advances to financial advisors and other employees, net 376,429 396,318
Deferred tax assets, net 204,658 225,453
Other assets 572,727 482,624
Total Assets 20,484,080 19,129,356
Payables:    
Brokerage clients 747,420 842,014
Brokers, dealers, and clearing organizations 419,760 523,107
Drafts 77,362 94,451
Securities sold under agreements to repurchase [3] 155,396 268,546
Bank deposits 12,883,961 11,527,483
Financial instruments sold, but not yet purchased, at fair value 749,323 699,032
Accrued compensation 330,655 295,354
Accounts payable and accrued expenses 455,689 400,570
Federal Home Loan Bank advances 790,000 500,000
Borrowings 78,000 377,000
Senior notes 796,609 795,891
Debentures to Stifel Financial Capital Trusts 67,500 67,500
Total liabilities 17,551,675 16,390,948
Shareholders’ Equity:    
Preferred stock - $1 par value; authorized 3,000,000 shares; 6,000 shares issued 150,000 150,000
Common stock - $0.15 par value; authorized 97,000,000 shares; issued 69,690,856 and 69,507,842 shares, respectively 10,400 10,426
Additional paid-in-capital 1,800,424 1,840,551
Retained earnings 1,047,859 876,958
Accumulated other comprehensive loss (17,534) (39,042)
Stockholders' Equity before adjustment for Treasury Stock 2,991,149 2,838,893
Treasury stock, at cost, 1,273,936 and 2,866,492 shares, respectively (58,744) (100,485)
Total Shareholders’ Equity 2,932,405 2,738,408
Total Liabilities and Shareholders’ Equity $ 20,484,080 $ 19,129,356
[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 $453.1 million and $248.5 million at September 30, 2017 and December 31, 2016, 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 $163.0 million and $299.3 million at September 30, 2017 and December 31, 2016, respectively.