Company: SFB
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000950170-25-027702
Chunk: 432

Company: STIFEL FINANCIAL CORP
Filing Date: 2025-02-26
Form: 10-K
Item: Item 7
Chunk 432
---
44
    )

    (24
    )

    (68
    )

    (8,424
    )

    4,398

    (4,026
    )

    Other borrowings

    4,446

    (280
    )

    4,166

    1,617

    (33
    )

    1,584

    $
    11,777

    $
    155,917

    $
    167,694

    $
    19,442

    $
    556,337

    $
    575,779

Increases and decreases in interest revenue and interest expense result from changes in average balances (volume) of interest-earning bank assets and liabilities, as well as changes in average interest rates. The effect of changes in volume is determined by multiplying the change in volume by the previous year’s average yield/cost. Similarly, the effect of rate changes is calculated by multiplying the change in average yield/cost by the previous year’s volume. Changes applicable to both volume and rate have been allocated proportionately.

45

II.	Investment in Debt Securities

The maturities and related weighted-average yields of our debt securities not carried at fair value at December 31, 2024, are as follows (in thousands, except rates):

    Within 1Year

    1-5 Years

    5-10 Years

    After 10 Years

    Total

    Asset-backed securities
     
    $
    —

    $
    91,184

    $
    3,063,278

    $
    3,370,492

    $
    6,524,954

    Weighted-average yield (1)

    0.00
    %

    6.59
    %

    6.56
    %

    6.43
    %

    6.49
    %

(1)The weighted-average yield is computed using the expected maturity of each security weighted based on the amortized cost of each security.

III.	Loan Portfolio

The following table presents the maturities of each major loan category in Stifel Bancorp’s loan portfolio held for investment for the periods indicated (in thousands): 

    Within 1 Year

    1-5 Years

    5-15 years

    Over 15 Years

    Total

    Residential real estate
     
    $
    —

    $
    574