Company: SFB
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000950170-25-027702
Chunk: 190

Company: STIFEL FINANCIAL CORP
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1B
Chunk 190
---
,370

        5.3

        Commercial real estate

        518,923

        2.5

        660,631

        3.4

        Home equity lines of credit

        193,850

        0.9

        136,270

        0.7

        Other

        53,933

        0.3

        55,981

        0.3

        Gross bank loans

        20,879,745

        100.0
        %

        19,441,467

        100.0
        %

        Loans in process/(unapplied loan payments), net

        (2,885
        )

        1,108

        Unamortized loan fees, net

        (5,756
        )

        (8,478
        )

        Allowance for loan losses

        (139,308
        )

        (128,292
        )

        Loans held for investment, net
         
        $
        20,731,796

        $
        19,305,805

      At December 31, 2024 and 2023, Stifel Bancorp had loans outstanding to its executive officers and directors and executive officers and directors of certain affiliated entities in the amount of $39.6 million and $46.0 million, respectively.At December 31, 2024 and 2023, we had loans held for sale of $579.0 million and $424.0 million, respectively. For the years ended December 31, 2024, 2023, and 2022, we recognized losses, included in other income in the consolidated statements of operations, of $5.0 million, $1.2 million, and $7.8 million, respectively, from the sale of originated loans, net of fees and costs.

97

At December 31, 2024 and 2023, loans, primarily consisting of residential and commercial real estate loans of $7.9 billion and $7.4 billion, respectively, were pledged at the Federal Home Loan Bank as collateral for borrowings. At December 31, 2024, loans of $2.5 billion were pledged with the Federal Reserve discount window.Accrued interest receivable for loans and loans held for sale at December 31, 2024 and 2023, was $92.6 million and $94