XML 53 R43.htm IDEA: XBRL DOCUMENT v3.23.2
Fair Values of Assets and Liabilities (Tables)
 6 Months Ended
Jun. 30, 2023
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following tables present the fair value hierarchy for assets and liabilities measured at fair value on a recurring basis:
June 30, 2023Level 1Level 2Level 3Balance at
Fair Value
Cash equivalents:
Money market funds$14,361 $— $— $14,361 
Total cash equivalents14,361 — — 14,361 
Investments segregated and on deposit for regulatory purposes:
U.S. Government securities— 14,230 — 14,230 
Certificates of deposit— 1,098 — 1,098 
Total investments segregated and on deposit for regulatory purposes— 15,328 — 15,328 
Available for sale securities:
U.S. agency mortgage-backed securities— 71,727 — 71,727 
U.S. Treasury securities— 28,524 — 28,524 
Asset-backed securities— 10,957 — 10,957 
Corporate debt securities— 12,282 — 12,282 
Certificates of deposit— 348 — 348 
Foreign government agency securities— 978 — 978 
U.S. state and municipal securities— 572 — 572 
Non-agency commercial mortgage-backed securities— 263 — 263 
Other— 118 — 118 
Total available for sale securities— 125,769 — 125,769 
Other assets:
Other securities owned at fair value:
Equity, corporate debt, and other securities880 67 — 947 
Mutual funds and ETFs695 — — 695 
State and municipal debt obligations— 23 — 23 
U.S. Government securities— 2 — 2 
Total other securities owned at fair value1,575 92 — 1,667 
Interest rate swaps— 1 — 1 
Total other assets1,575 93 — 1,668 
Total assets$15,936 $141,190 $— $157,126 
Accrued expenses and other liabilities:
Other$1,428 $46 $— $1,474 
Total accrued expenses and other liabilities1,428 46 — 1,474 
Total liabilities$1,428 $46 $— $1,474 
December 31, 2022Level 1Level 2Level 3Balance at
Fair Value
Cash equivalents:
Money market funds$14,007 $— $— $14,007 
Commercial paper— 48 — 48 
Total cash equivalents14,007 48 — 14,055 
Investments segregated and on deposit for regulatory purposes:
U.S. Government securities— 23,645 — 23,645 
Certificates of deposit— 1,000 — 1,000 
Total investments segregated and on deposit for regulatory purposes— 24,645 — 24,645 
Available for sale securities:
U.S. agency mortgage-backed securities— 77,688 — 77,688 
U.S. Treasury securities— 40,002 — 40,002 
Asset-backed securities— 13,023 — 13,023 
Corporate debt securities— 12,555 — 12,555 
Certificates of deposit— 2,231 — 2,231 
Foreign government agency securities— 969 — 969 
U.S. state and municipal securities— 638 — 638 
Non-agency commercial mortgage-backed securities— 450 — 450 
Other— 315 — 315 
Total available for sale securities— 147,871 — 147,871 
Other assets:
Other securities owned at fair value:
Equity, corporate debt, and other securities755 55 — 810 
Mutual funds and ETFs596 — — 596 
State and municipal debt obligations— 25 — 25 
U.S. Government securities— 1 — 1 
Total other securities owned at fair value1,351 81 — 1,432 
Total other assets1,351 81 — 1,432 
Total assets $15,358 $172,645 $— $188,003 
Accrued expenses and other liabilities:
Other$1,218 $43 $— $1,261 
Total accrued expenses and other liabilities1,218 43 — 1,261 
Total liabilities$1,218 $43 $— $1,261 
Schedule of Fair Value of Other Financial Instruments
The following tables present the fair value hierarchy for other financial instruments:
June 30, 2023Carrying
Amount		Level 1Level 2Level 3Balance at
Fair Value
Assets     
Cash and cash equivalents$33,290 $33,290 $— $— $33,290 
Cash and investments segregated and on deposit for
  regulatory purposes		9,708 4,314 5,394 — 9,708 
Receivables from brokerage clients — net65,147 — 65,147 — 65,147 
Held to maturity securities:  
U.S. agency mortgage-backed securities166,328 — 151,597 — 151,597 
Total held to maturity securities166,328 — 151,597 — 151,597 
Bank loans — net:     
First Mortgages25,738 — 22,625 — 22,625 
HELOCs510 — 558 — 558 
Pledged asset lines13,572 — 13,572 — 13,572 
Other241 — 241 — 241 
Total bank loans — net40,061 — 36,996 — 36,996 
Other assets5,420 — 5,420 — 5,420 
Liabilities     
Bank deposits$304,414 $— $304,414 $— $304,414 
Payables to brokerage clients84,795 — 84,795 — 84,795 
Accrued expenses and other liabilities5,987 — 5,987 — 5,987 
Other short-term borrowings7,831 — 7,831 — 7,831 
Federal Home Loan Bank borrowings41,000 — 41,000 — 41,000 
Long-term debt22,430 — 20,553 — 20,553 
December 31, 2022Carrying
Amount		Level 1Level 2Level 3Balance at
Fair Value
Assets     
Cash and cash equivalents$26,140 $26,140 $— $— $26,140 
Cash and investments segregated and on deposit for
  regulatory purposes		18,288 6,156 12,132 — 18,288 
Receivables from brokerage clients — net66,573 — 66,573 — 66,573 
Held to maturity securities:    
U.S. agency mortgage-backed securities173,074 — 158,936 — 158,936 
Total held to maturity securities173,074 — 158,936 — 158,936 
Bank loans — net:     
First Mortgages25,132 — 22,201 — 22,201 
HELOCs593 — 657 — 657 
Pledged asset lines14,592 — 14,592 — 14,592 
Other188 — 188 — 188 
Total bank loans — net40,505 — 37,638 — 37,638 
Other assets3,788 — 3,788 — 3,788 
Liabilities     
Bank deposits$366,724 $— $366,724 $— $366,724 
Payables to brokerage clients97,438 — 97,438 — 97,438 
Accrued expenses and other liabilities5,584 — 5,584 — 5,584 
Other short-term borrowings4,650 — 4,650 — 4,650 
Federal Home Loan Bank borrowings12,400 — 12,400 — 12,400 
Long-term debt20,760 — 19,108 — 19,108