Company: SFB
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000950170-25-027702
Chunk: 353

Company: STIFEL FINANCIAL CORP
Filing Date: 2025-02-26
Form: 10-K
Item: Item 3
Chunk 353
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 securities, and asset-backed securities.At December 31, 2024 and 2023, financial instruments owned in the amount of $597.0 million and $303.2 million, respectively, were pledged as collateral for our repurchase agreements and short-term borrowings. Our financial instruments owned are presented on a trade-date basis in the consolidated statements of financial condition. Financial instruments sold, but not yet purchased, represent obligations of our company to deliver the specified security at the contracted price, thereby creating a liability to purchase the security in the market at prevailing prices in future periods. We are obligated to acquire the securities sold short at prevailing market prices in future periods, which may exceed the amount reflected in the consolidated statements of financial condition.

94

NOTE 7 – Available-for-Sale and Held-to-Maturity SecuritiesThe following tables provide a summary of the amortized cost and fair values of the available-for-sale securities and held-to-maturity securities at December 31, 2024 and 2023 (in thousands):

        December 31, 2024

        AmortizedCost

        GrossUnrealizedGains (1)

        GrossUnrealizedLosses (1)

        Fair Value

        Available-for-sale securities

        U.S. government agency securities
         
        $
        2,407

        $
        —

        $
        (141
        )
         
        $
        2,266

        State and municipal securities

        2,350

        —

        (1
        )

        2,349

        Mortgage-backed securities:

        Agency

        1,045,344

        334

        (124,115
        )

        921,563

        Commercial

        69,430

        —

        (1,474
        )

        67,956

        Non-agency

        206

        —

        (7
        )

        199

        Corporate fixed income securities

        507,824

        —

        (43,832
        )

        463,992

        Asset-backed securities

        127,148

        202

        (1,077
        )

        126,273

        $
        1,754,709

        $
        536

        $
        (170,647
        )
         
        $
        1,584,598

        Held-to-maturity securities (2)

        Asset-backed securities
         
        $
        6