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Debentures To Stifel Financial Capital Trusts (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2016
Dec. 31, 2019
Jun. 28, 2008
Mar. 30, 2007
Aug. 12, 2005
Debt Instrument [Line Items]            
Debenture to Stifel Financial Capital Trust $ 60,000   $ 60,000      
Stifel Financial Capital Trust II [Member]            
Debt Instrument [Line Items]            
Debenture to Stifel Financial Capital Trust $ 20,000 [1]   20,000 [1]     $ 35,000
Stated interest rate 6.38%          
Maturity date Sep. 30, 2035          
Earliest call date Sep. 30, 2010          
Interest rate terms, spread over reference rate 1.70%          
Reference rate three-month LIBOR plus 1.70% per annum          
Extinguishment of debentures   $ 15,000        
Stifel Financial Capital Trust III [Member]            
Debt Instrument [Line Items]            
Debenture to Stifel Financial Capital Trust $ 35,000 [2]   35,000 [2]   $ 35,000  
Stated interest rate 6.79%          
Maturity date Jun. 06, 2037          
Earliest call date Jun. 06, 2012          
Interest rate terms, spread over reference rate 1.85%          
Reference rate three-month LIBOR plus 1.85% per annum          
Stifel Financial Capital Trust IV [Member]            
Debt Instrument [Line Items]            
Debenture to Stifel Financial Capital Trust $ 5,000 [3]   $ 5,000 [3] $ 35,000    
Stated interest rate 6.78%          
Maturity date Sep. 06, 2037          
Earliest call date Sep. 06, 2012          
Interest rate terms, spread over reference rate 1.85%          
Reference rate three-month LIBOR plus 1.85% per annum          
[1] On August 12, 2005, we completed a private placement of $35.0 million of 6.38% Cumulative Trust Preferred Securities. The trust preferred securities were offered by Stifel Financial Capital Trust II (the “Trust II”), a non-consolidated wholly owned subsidiary of our company. The trust preferred securities mature on September 30, 2035, but may be redeemed by our company, and in turn, the Trust II would call the debenture beginning September 30, 2010. The Trust II requires quarterly distributions of interest to the holders of the trust preferred securities. Distributions are payable at a floating interest rate equal to three-month LIBOR plus 1.70% per annum. During 2016, we extinguished $15.0 million of the Trust II debentures.
[2] On March 30, 2007, we completed a private placement of $35.0 million of 6.79% Cumulative Trust Preferred Securities. The trust preferred securities were offered by Stifel Financial Capital Trust III (the “Trust III”), a non-consolidated wholly owned subsidiary of our company. The trust preferred securities mature on June 6, 2037, but may be redeemed by our company, and in turn, Trust III would call the debenture beginning June 6, 2012. Trust III requires quarterly distributions of interest to the holders of the trust preferred securities. Distributions are payable at a floating interest rate equal to three-month LIBOR plus 1.85% per annum.
[3] On June 28, 2007, we completed a private placement of $35.0 million of 6.78% Cumulative Trust Preferred Securities. The trust preferred securities were offered by Stifel Financial Capital Trust IV (the “Trust IV”), a non-consolidated wholly owned subsidiary of our company. The trust preferred securities mature on September 6, 2037, but may be redeemed by our company, and in turn, Trust IV would call the debenture beginning September 6, 2012. Trust IV requires quarterly distributions of interest to the holders of the trust preferred securities. Distributions are payable at a floating interest rate equal to three-month LIBOR plus 1.85% per annum.