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Consolidated Statements Of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Assets    
Cash and cash equivalents $ 1,936,560 $ 696,283
Cash segregated for regulatory purposes 132,814 90,802
Receivables:    
Brokerage clients, net 1,201,477 1,384,096
Brokers, dealers, and clearing organizations 515,574 459,107
Securities purchased under agreements to resell [1] 699,900 512,220
Financial instruments owned, at fair value 1,267,449 1,143,684
Available-for-sale securities, at fair value 3,070,447 3,773,508
Held-to-maturity securities, at amortized cost [2] 4,218,854 3,698,098
Loans held for sale, at lower of cost or market 205,557 226,068
Bank loans, net 8,517,615 6,947,759
Investments, at fair value 67,982 111,379
Fixed assets, net 372,939 155,120
Goodwill 1,034,679 968,834
Intangible assets, net 119,655 109,627
Loans and advances to financial advisors and other employees, net 408,436 378,124
Deferred tax assets, net 112,008 105,152
Other assets 637,652 624,092
Total Assets 24,519,598 21,383,953
Payables:    
Brokerage clients 837,379 828,206
Brokers, dealers, and clearing organizations 432,299 276,302
Drafts 104,887 107,043
Securities sold under agreements to repurchase [3] 535,394 233,704
Bank deposits 15,863,613 13,411,935
Financial instruments sold, but not yet purchased, at fair value 947,306 778,863
Accrued compensation 460,347 493,973
Accounts payable and accrued expenses 344,152 308,911
Federal Home Loan Bank advances 540,000 745,000
Borrowings 180,655 256,000
Senior notes, net 1,015,973 1,014,940
Debentures to Stifel Financial Capital Trusts 60,000 67,500
Total liabilities 21,322,005 18,522,377
Shareholders’ Equity    
Preferred stock − $1 par value; authorized 3,000,000 shares; 6,000 issued 150,000 150,000
Common stock − $0.15 par value; authorized 97,000,000 shares; issued 74,441,017 and 71,636,986 shares, respectively 11,166 10,746
Additional paid-in-capital 1,893,304 1,733,348
Retained earnings 1,366,503 1,033,526
Accumulated other comprehensive loss (72,523) (26,736)
Treasury stock, at cost, 3,639,399 and 772,302 shares, respectively (180,857) (39,308)
Total Stifel Financial Corp. Shareholders’ Equity 3,167,593 2,861,576
Non-controlling interests 30,000  
Total Shareholders' Equity 3,197,593 2,861,576
Total Liabilities and Shareholders' Equity $ 24,519,598 $ 21,383,953
[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 $695.6 million and $509.4 million at December 31, 2018 and 2017, 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 $558.6 million and $241.4 million at December 31, 2018 and 2017, respectively.