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Consolidated Statements Of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Assets    
Cash and cash equivalents $ 1,142,596 $ 1,936,560
Cash segregated for regulatory purposes 131,374 132,814
Receivables:    
Brokerage clients, net 1,351,786 1,201,477
Brokers, dealers, and clearing organizations 627,790 515,574
Securities purchased under agreements to resell [1] 385,008 699,900
Financial instruments owned, at fair value 972,932 1,267,449
Available-for-sale securities, at fair value 3,254,737 3,070,447
Held-to-maturity securities, at amortized cost 2,856,219 4,218,854 [2]
Loans:    
Held for investment, net 9,624,042 8,517,615
Held for sale, at lower of cost or market 389,693 205,557
Investments, at fair value 79,972 67,982
Fixed assets, net 1,107,928 372,939
Goodwill 1,194,074 1,034,679
Intangible assets, net 161,773 119,655
Loans and advances to financial advisors and other employees, net 525,332 408,436
Deferred tax assets, net 104,380 112,008
Other assets 700,589 637,652
Total assets 24,610,225 24,519,598
Payables:    
Brokerage clients 740,444 837,379
Brokers, dealers, and clearing organizations 712,291 432,299
Drafts 119,758 104,887
Securities sold under agreements to repurchase [3] 391,634 535,394
Bank deposits 15,332,581 15,863,613
Financial instruments sold, but not yet purchased, at fair value 662,852 947,306
Accrued compensation 507,009 460,347
Accounts payable and accrued expenses 1,146,706 344,152
Federal Home Loan Bank advances 250,000 540,000
Borrowings 150 180,655
Senior notes, net 1,017,010 1,015,973
Debentures to Stifel Financial Capital Trusts 60,000 60,000
Total liabilities 20,940,435 21,322,005
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 74,441,113 and 74,441,017 shares, respectively 11,166 11,166
Additional paid-in-capital 1,909,286 1,893,304
Retained earnings 1,715,704 1,366,503
Accumulated other comprehensive loss (11,705) (72,523)
Treasury stock, at cost, 6,113,084 and 3,639,399 shares, respectively (319,660) (180,857)
Total Stifel Financial Corp. shareholders’ equity 3,614,791 3,167,593
Non-controlling interests 54,999 30,000
Total equity 3,669,790 3,197,593
Total liabilities and equity $ 24,610,225 $ 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 $385.3 million and $695.6 million at December 31, 2019 and 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 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 $407.3 million and $558.6 million at December 31, 2019 and 2018, respectively.