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Consolidated Statements Of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Assets    
Cash and cash equivalents $ 2,279,274 $ 1,142,596
Cash segregated for regulatory purposes 172,932 131,374
Receivables:    
Brokerage clients, net 936,500 1,351,786
Brokers, dealers, and clearing organizations 549,492 627,790
Securities purchased under agreements to resell [1] 217,930 385,008
Financial instruments owned, at fair value 694,028 972,932
Available-for-sale securities, at fair value 2,230,297 3,254,737
Held-to-maturity securities, at amortized cost 4,117,384 2,856,219
Loans:    
Held for investment, net 11,006,760 9,624,042
Held for sale, at lower of cost or market 551,248 389,693
Investments, at fair value 113,862 79,972
Fixed assets, net 961,096 1,107,928
Goodwill 1,181,998 1,194,074
Intangible assets, net 140,984 161,773
Loans and advances to financial advisors and other employees, net 596,993 525,332
Deferred tax assets, net 136,477 104,380
Other assets 716,999 700,589
Total assets 26,604,254 24,610,225
Payables:    
Brokerage clients 1,063,937 740,444
Brokers, dealers, and clearing organizations 177,937 712,291
Drafts 117,737 119,758
Securities sold under agreements to repurchase [2] 190,955 391,634
Bank deposits 17,396,497 15,332,581
Financial instruments sold, but not yet purchased, at fair value 437,978 662,852
Accrued compensation 638,298 507,009
Accounts payable and accrued expenses 1,169,740 1,146,856
Federal Home Loan Bank advances   250,000
Senior notes, net 1,112,409 1,017,010
Debentures to Stifel Financial Capital Trusts 60,000 60,000
Total liabilities 22,365,488 20,940,435
Equity    
Preferred stock − $1 par value; authorized 3,000,000 shares; issued 21,400 and 12,400 shares, respectively 535,000 310,000
Common stock − $0.15 par value; authorized 194,000,000 shares; issued 111,661,621 and 111,661,670 shares, respectively 16,749 16,749
Additional paid-in-capital 1,888,982 1,903,703
Retained earnings 2,078,135 1,715,704
Accumulated other comprehensive income/(loss) 27,639 (11,705)
Treasury stock, at cost, 8,512,584 and 9,169,626 shares, respectively (307,739) (319,660)
Total Stifel Financial Corp. shareholders’ equity 4,238,766 3,614,791
Non-controlling interests   54,999
Total equity 4,238,766 3,669,790
Total liabilities and equity $ 26,604,254 $ 24,610,225
[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 $217.3 million and $385.3 million at December 31, 2020 and 2019, respectively.
[2] 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 $200.2 million and $407.3 million at December 31, 2020 and 2019, respectively.