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Consolidated Statements Of Financial Condition - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Assets    
Cash and cash equivalents $ 797,357 $ 1,936,560
Cash segregated for regulatory purposes 21,231 132,814
Receivables:    
Brokerage clients, net 1,346,940 1,201,477
Brokers, dealers, and clearing organizations 766,344 515,574
Securities purchased under agreements to resell [1] 596,572 699,900
Financial instruments owned, at fair value 1,352,359 1,267,449
Available-for-sale securities, at fair value 2,703,060 3,070,447
Held-to-maturity securities, at amortized cost [2] 3,960,714 4,218,854
Loans:    
Held for investment, net 8,964,325 8,517,615
Held for sale, at lower of cost or market 163,511 205,557
Investments, at fair value 81,841 67,982
Fixed assets, net 1,155,121 372,939
Goodwill 1,056,357 1,034,679
Intangible assets, net 119,727 119,655
Loans and advances to financial advisors and other employees, net 470,900 408,436
Deferred tax assets, net 101,935 112,008
Other assets 685,303 637,652
Total assets 24,343,597 24,519,598
Payables:    
Brokerage clients 788,365 837,379
Brokers, dealers, and clearing organizations 627,180 432,299
Drafts 93,384 104,887
Securities sold under agreements to repurchase [3] 762,282 535,394
Bank deposits 14,901,061 15,863,613
Financial instruments sold, but not yet purchased, at fair value 956,344 947,306
Accrued compensation 267,178 460,347
Accounts payable and accrued expenses 1,018,044 344,152
Federal Home Loan Bank advances 250,000 540,000
Borrowings 117,845 180,655
Senior notes 1,016,492 1,015,973
Debentures to Stifel Financial Capital Trusts 60,000 60,000
Total liabilities 20,858,175 21,322,005
Commitments and contingent liabilities
Stifel Financial Corp. shareholders' equity:    
Preferred stock - $1 par value; authorized 3,000,000 shares; issued 12,400 and 6,000 shares, respectively 310,000 150,000
Common stock - $0.15 par value; authorized 194,000,000 shares; issued 74,441,073 and 74,441,017 shares, respectively 11,166 11,166
Additional paid-in-capital 1,867,209 1,893,304
Retained earnings 1,512,702 1,366,503
Accumulated other comprehensive loss (35,355) (72,523)
Treasury stock, at cost, 4,637,429 and 3,639,399 shares, respectively (236,596) (180,857)
Total Stifel Financial Corp. shareholders’ equity 3,429,126 3,167,593
Non-controlling interests 56,296 30,000
Total equity 3,485,422 3,197,593
Total liabilities and equity $ 24,343,597 $ 24,519,598
[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 $597.5 million and $695.6 million at June 30, 2019 and December 31, 2018, 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 counterparty. These securities are included in the consolidated statements of financial condition unless we default. Collateral pledged by our company to the counterparty includes U.S. government agency securities, U.S. government securities, and corporate fixed income securities with market values of $796.3 million and $558.6 million at June 30, 2019 and December 31, 2018, respectively.