Company: SFB
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000950170-25-027702
Chunk: 110

Company: STIFEL FINANCIAL CORP
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1B
Chunk 110
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 of deferred loan origination fees is discontinued (“nonaccrual status”) and any accrued and unpaid interest income is reversed.

Please refer to the section entitled “Critical Accounting Policies and Estimates” herein regarding our policies for establishing loan loss reserves, including placing loans on nonaccrual status.

IV.	Deposits

Deposits consist of money market and savings accounts, certificates of deposit, and demand deposits. The average balances of deposits and the associated weighted-average interest rates for the periods indicated are as follows (in thousands, except percentages): 

    December 31, 2024

    December 31, 2023

    December 31, 2022

    AverageBalance

    AverageInterestRate

    AverageBalance

    AverageInterestRate

    AverageBalance

    AverageInterestRate

    Non-interest bearing demand deposits
     
    $
    372,601

    *

    $
    382,686

    *

    $
    515,767

    *

    Interest-bearing demand deposits

    1,913,841

    3.55
    %

    2,297,253

    4.03
    %

    1,327,711

    1.42
    %

    Money Market and Savings deposits

    25,583,203

    3.18
    %

    24,967,641

    2.53
    %

    23,825,717

    0.53
    %

    Time deposits

    114,681

    5.23
    %

    2,535

    2.95
    %

    16,976

    2.69
    %

    Other

    82,316

    7.16
    %

    20,447

    8.77
    %

    239,474

    1.77
    %

* Not applicable.

48

Results of Operations – Institutional Group

The following table presents consolidated financial information for the Institutional Group segment for the periods indicated (in thousands, except percentages):

    For the Year Ended December 31,

    PercentageChange

    As a Percentage ofNet Revenuesfor the Year EndedDecember 31,

    2024

    2023

    2022

    2024 vs. 2023

    2023 vs. 2022

    2024

    202