Fair Values of Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2023

The following tables present the fair value hierarchy for assets and liabilities measured at fair value on a recurring basis:


December 31, 2023	Level 1		Level 2		Level 3		Balance at Fair Value
Cash equivalents:
Money market funds	$	14,573	$	—	$	—	$	14,573


Total cash equivalents	14,573		—		—		14,573
Investments segregated and on deposit for regulatory purposes:
U.S. Government securities	—		20,358		—		20,358

Total investments segregated and on deposit for regulatory purposes	—		20,358		—		20,358
Available for sale securities:
U.S. agency mortgage-backed securities	—		62,795		—		62,795
U.S. Treasury securities	—		21,471		—		21,471
Corporate debt securities	—		12,484		—		12,484
Asset-backed securities	—		9,087		—		9,087
Foreign government agency securities	—		1,002		—		1,002
U.S. state and municipal securities	—		579		—		579
Non-agency commercial mortgage-backed securities	—		109		—		109
Certificates of deposit	—		100		—		100

Other	—		19		—		19
Total available for sale securities	—		107,646		—		107,646
Other assets:
Other securities owned:
Equity, corporate debt, and other securities	992		73		—		1,065
Mutual funds and ETFs	795		—		—		795
State and municipal debt obligations	—		27		—		27
U.S. Government securities	—		26		—		26
Total other securities owned	1,787		126		—		1,913

Total other assets	1,787		126		—		1,913
Total assets	$	16,360	$	128,130	$	—	$	144,490
Accrued expenses and other liabilities:

Other	$	1,644	$	89	$	—	$	1,733
Total accrued expenses and other liabilities	1,644		89		—		1,733
Total liabilities	$	1,644	$	89	$	—	$	1,733


December 31, 2022	Level 1		Level 2		Level 3		Balance at Fair Value
Cash equivalents:
Money market funds	$	14,007	$	—	$	—	$	14,007
Commercial paper	—		48		—		48
Total cash equivalents	14,007		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:
Equity, corporate debt, and other securities	755		55		—		810
Mutual funds and ETFs	596		—		—		596
State and municipal debt obligations	—		25		—		25
U.S. Government securities	—		1		—		1

Total other securities owned	1,351		81		—		1,432
Total other assets	1,351		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 liabilities	1,218		43		—		1,261
Total liabilities	$	1,218	$	43	$	—	$	1,261

The following tables present the fair value hierarchy for other financial instruments:


December 31, 2023	Carrying Amount		Level 1		Level 2		Level 3		Balance at Fair Value
Assets
Cash and cash equivalents	$	28,764	$	28,764	$	—	$	—	$	28,764
Cash and investments segregated and on deposit for regulatory purposes	11,438		2,628		8,810		—		11,438

Receivables from brokerage clients — net	68,629		—		68,629		—		68,629
Held to maturity securities:
U.S. agency mortgage-backed securities	159,452		—		147,091		—		147,091









Total held to maturity securities	159,452		—		147,091		—		147,091
Bank loans — net:
First Mortgages	26,121		—		23,226		—		23,226
HELOCs	477		—		508		—		508
Pledged asset lines	13,548		—		13,548		—		13,548
Other	293		—		293		—		293
Total bank loans — net	40,439		—		37,575		—		37,575
Other assets	4,960		—		4,960		—		4,960

Liabilities
Bank deposits	$	289,953	$	—	$	289,953	$	—	$	289,953

Payables to brokerage clients	84,786		—		84,786		—		84,786
Accrued expenses and other liabilities	7,609		—		7,609		—		7,609
Other short-term borrowings	6,553		—		6,553		—		6,553
Federal Home Loan Bank borrowings	26,400		—		26,400		—		26,400
Long-term debt	26,043		—		25,000		—		25,000


December 31, 2022	Carrying Amount		Level 1		Level 2		Level 3		Balance 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 — net	66,573		—		66,573		—		66,573
Held to maturity securities:
U.S. agency mortgage-backed securities	173,074		—		158,936		—		158,936









Total held to maturity securities	173,074		—		158,936		—		158,936
Bank loans — net:
First Mortgages	25,132		—		22,201		—		22,201
HELOCs	593		—		657		—		657
Pledged asset lines	14,592		—		14,592		—		14,592
Other	188		—		188		—		188
Total bank loans — net	40,505		—		37,638		—		37,638
Other assets	3,788		—		3,788		—		3,788

Liabilities
Bank deposits	$	366,724	$	—	$	366,724	$	—	$	366,724

Payables to brokerage clients	97,438		—		97,438		—		97,438
Accrued expenses and other liabilities	5,584		—		5,584		—		5,584
Other short-term borrowings	4,650		—		4,650		—		4,650
Federal Home Loan Bank borrowings	12,400		—		12,400				12,400
Long-term debt	20,760		—		19,108		—		19,108