Company: SFB
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000950170-25-027702
Chunk: 436

Company: STIFEL FINANCIAL CORP
Filing Date: 2025-02-26
Form: 10-K
Item: Item 7
Chunk 436
---
 banking

    10,792

    18.5

    10,173

    18.7

    Commercial real estate

    8,057

    2.5

    21,386

    3.4

    Securities-based loans

    2,917

    11.4

    3,035

    11.9

    Home equity lines of credit

    317

    0.9

    371

    0.7

    Other

    600

    0.3

    578

    0.3

    $
    139,308

    100.0
    %
     
    $
    128,292

    100.0
    %

(1)Loan category as a percentage of total loan portfolio.

A loan is determined to be impaired usually when principal or interest becomes 90 days past due or when collection becomes uncertain. At the time a loan is determined to be impaired, the accrual of interest and amortization 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