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Consolidated Statements Of Financial Condition - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Assets    
Cash and cash equivalents $ 868,866 $ 1,936,560
Cash segregated for regulatory purposes 62,654 132,814
Receivables:    
Brokerage clients, net 1,396,132 1,201,477
Brokers, dealers, and clearing organizations 672,557 515,574
Securities purchased under agreements to resell [1] 624,049 699,900
Financial instruments owned, at fair value 1,189,892 1,267,449
Available-for-sale securities, at fair value 3,448,801 3,070,447
Held-to-maturity securities, at amortized cost 2,881,484 4,218,854 [2]
Loans:    
Held for investment, net 9,101,903 8,517,615
Held for sale, at lower of cost or market 265,330 205,557
Investments, at fair value 74,167 67,982
Fixed assets, net 1,043,322 372,939
Goodwill 1,158,123 1,034,679
Intangible assets, net 116,438 119,655
Loans and advances to financial advisors and other employees, net 488,355 408,436
Deferred tax assets, net 111,108 112,008
Other assets 657,596 637,652
Total assets 24,160,777 24,519,598
Payables:    
Brokerage clients 907,140 837,379
Brokers, dealers, and clearing organizations 613,788 432,299
Drafts 84,815 104,887
Securities sold under agreements to repurchase [3] 564,892 535,394
Bank deposits 14,836,646 15,863,613
Financial instruments sold, but not yet purchased, at fair value 905,797 947,306
Accrued compensation 350,821 460,347
Accounts payable and accrued expenses 1,012,229 344,152
Federal Home Loan Bank advances 250,000 540,000
Borrowings 150 180,655
Senior notes 1,016,751 1,015,973
Debentures to Stifel Financial Capital Trusts 60,000 60,000
Total liabilities 20,603,029 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 74,441,094 and 74,441,017 shares, respectively 11,166 11,166
Additional paid-in-capital 1,889,815 1,893,304
Retained earnings 1,603,826 1,366,503
Accumulated other comprehensive loss (23,594) (72,523)
Treasury stock, at cost, 5,565,470 and 3,639,399 shares, respectively (289,498) (180,857)
Total Stifel Financial Corp. shareholders’ equity 3,501,715 3,167,593
Non-controlling interests 56,033 30,000
Total equity 3,557,748 3,197,593
Total liabilities and equity $ 24,160,777 $ 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 $623.2 million and $695.6 million at September 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 $586.9 million and $558.6 million at September 30, 2019 and December 31, 2018, respectively.