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v3.25.2

Fair Values of Assets and Liabilities (Tables) | 6 Months Ended
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Jun. 30, 2025
Fair Value Disclosures [Abstract] |
Assets and Liabilities Measured at Fair Value on a Recurring Basis | The following tables present the fair value hierarchy for assets and liabilities measured at fair value on a recurring basis:
June 30, 2025 | Level 1 |  | Level 2 |  | Level 3 |  | Balance at Fair Value
Cash equivalents: |  |  |  |  |  |  |
Money market funds | $ | 12,921 |  |  | $ | — |  |  | $ | — |  |  | $ | 12,921 |
Total cash equivalents | 12,921 |  |  | — |  |  | — |  |  | 12,921 |
Investments segregated and on deposit for regulatory purposes: |  |  |  |  |  |  |
U.S. government securities | — |  |  | 23,576 |  |  | — |  |  | 23,576 |
Total investments segregated and on deposit for regulatory purposes | — |  |  | 23,576 |  |  | — |  |  | 23,576 |
Available for sale securities: |  |  |  |  |  |  |
U.S. agency mortgage-backed securities | — |  |  | 46,290 |  |  | — |  |  | 46,290 |
U.S. Treasury securities | — |  |  | 9,391 |  |  | — |  |  | 9,391 |
Corporate debt securities | — |  |  | 6,241 |  |  | — |  |  | 6,241 |
Asset-backed securities | — |  |  | 4,674 |  |  | — |  |  | 4,674 |
U.S. state and municipal securities | — |  |  | 557 |  |  | — |  |  | 557 |
Foreign government agency securities | — |  |  | 329 |  |  | — |  |  | 329 |
Non-agency commercial mortgage-backed securities | — |  |  | 111 |  |  | — |  |  | 111 |
Other | — |  |  | 19 |  |  | — |  |  | 19 |
Total available for sale securities | — |  |  | 67,612 |  |  | — |  |  | 67,612 |
Other assets: |  |  |  |  |  |  |
Other securities owned: |  |  |  |  |  |  |
Equity, corporate debt, and other securities | 1,486 |  |  | 80 |  |  | — |  |  | 1,566 |
Mutual funds and ETFs | 1,102 |  |  | — |  |  | — |  |  | 1,102 |
State and municipal debt obligations | — |  |  | 41 |  |  | — |  |  | 41 |
U.S. government securities | — |  |  | 19 |  |  | — |  |  | 19 |
Total other securities owned | 2,588 |  |  | 140 |  |  | — |  |  | 2,728 |
Total other assets | 2,588 |  |  | 140 |  |  | — |  |  | 2,728 |
Total assets | $ | 15,509 |  |  | $ | 91,328 |  |  | $ | — |  |  | $ | 106,837 |
Accrued expenses and other liabilities: |  |  |  |  |  |  |
Interest rate swaps | $ | — |  |  | $ | 1 |  |  | $ | — |  |  | $ | 1 |
Other | 2,388 |  |  | 34 |  |  | — |  |  | 2,422 |
Total accrued expenses and other liabilities | 2,388 |  |  | 35 |  |  | — |  |  | 2,423 |
Total liabilities | $ | 2,388 |  |  | $ | 35 |  |  | $ | — |  |  | $ | 2,423 |
December 31, 2024 | Level 1 |  | Level 2 |  | Level 3 |  | Balance at Fair Value
Cash equivalents: |  |  |  |  |  |  |
Money market funds | $ | 11,005 |  |  | $ | — |  |  | $ | — |  |  | $ | 11,005 |
Total cash equivalents | 11,005 |  |  | — |  |  | — |  |  | 11,005 |
Investments segregated and on deposit for regulatory purposes: |  |  |  |  |  |  |
U.S. government securities | — |  |  | 25,740 |  |  | — |  |  | 25,740 |
Total investments segregated and on deposit for regulatory purposes | — |  |  | 25,740 |  |  | — |  |  | 25,740 |
Available for sale securities: |  |  |  |  |  |  |
U.S. agency mortgage-backed securities | — |  |  | 51,833 |  |  | — |  |  | 51,833 |
U.S. Treasury securities | — |  |  | 14,469 |  |  | — |  |  | 14,469 |
Corporate debt securities | — |  |  | 9,579 |  |  | — |  |  | 9,579 |
Asset-backed securities | — |  |  | 5,910 |  |  | — |  |  | 5,910 |
U.S. state and municipal securities | — |  |  | 549 |  |  | — |  |  | 549 |
Foreign government agency securities | — |  |  | 527 |  |  | — |  |  | 527 |
Non-agency commercial mortgage-backed securities | — |  |  | 109 |  |  | — |  |  | 109 |
Other | — |  |  | 18 |  |  | — |  |  | 18 |
Total available for sale securities | — |  |  | 82,994 |  |  | — |  |  | 82,994 |
Other assets: |  |  |  |  |  |  |
Other securities owned: |  |  |  |  |  |  |
Equity, corporate debt, and other securities | 1,395 |  |  | 73 |  |  | — |  |  | 1,468 |
Mutual funds and ETFs | 1,019 |  |  | — |  |  | — |  |  | 1,019 |
State and municipal debt obligations | — |  |  | 38 |  |  | — |  |  | 38 |
U.S. government securities | — |  |  | 18 |  |  | — |  |  | 18 |
Total other securities owned | 2,414 |  |  | 129 |  |  | — |  |  | 2,543 |
Total other assets | 2,414 |  |  | 129 |  |  | — |  |  | 2,543 |
Total assets | $ | 13,419 |  |  | $ | 108,863 |  |  | $ | — |  |  | $ | 122,282 |
Accrued expenses and other liabilities: |  |  |  |  |  |  |
Other | $ | 2,161 |  |  | $ | 37 |  |  | $ | — |  |  | $ | 2,198 |
Total accrued expenses and other liabilities | 2,161 |  |  | 37 |  |  | — |  |  | 2,198 |
Total liabilities | $ | 2,161 |  |  | $ | 37 |  |  | $ | — |  |  | $ | 2,198 |
Fair Value of Other Financial Instruments | The following tables present the fair value hierarchy for other financial instruments:
June 30, 2025 | Carrying Amount |  | Level 1 |  | Level 2 |  | Level 3 |  | Balance at Fair Value
Assets |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 19,274 |  |  | $ | 19,274 |  |  | $ | — |  |  | $ | — |  |  | $ | 19,274 |
Cash and investments segregated and on deposit for regulatory purposes | 21,899 |  |  | 2,429 |  |  | 19,470 |  |  | — |  |  | 21,899 |
Receivables from brokers, dealers, and clearing organizations | 4,304 |  |  | — |  |  | 4,304 |  |  | — |  |  | 4,304 |
Receivables from brokerage clients — net | 82,724 |  |  | — |  |  | 82,724 |  |  | — |  |  | 82,724 |
Held to maturity securities: |  |  |  |  |  |  |  |  |
U.S. agency mortgage-backed securities | 139,684 |  |  | — |  |  | 130,001 |  |  | — |  |  | 130,001 |
Total held to maturity securities | 139,684 |  |  | — |  |  | 130,001 |  |  | — |  |  | 130,001 |
Bank loans — net: |  |  |  |  |  |  |  |  |
First Mortgages | 28,527 |  |  | — |  |  | 26,234 |  |  | — |  |  | 26,234 |
HELOCs | 422 |  |  | — |  |  | 443 |  |  | — |  |  | 443 |
Pledged asset lines | 21,038 |  |  | — |  |  | 21,038 |  |  | — |  |  | 21,038 |
Other | 418 |  |  | — |  |  | 418 |  |  | — |  |  | 418 |
Total bank loans — net | 50,405 |  |  | — |  |  | 48,133 |  |  | — |  |  | 48,133 |
Other assets | 1,067 |  |  | — |  |  | 1,067 |  |  | — |  |  | 1,067 |
Liabilities |  |  |  |  |  |  |  |  |
Bank deposits | $ | 233,058 |  |  | $ | — |  |  | $ | 233,058 |  |  | $ | — |  |  | $ | 233,058 |
Payables to brokers, dealers, and clearing organizations | 18,584 |  |  | — |  |  | 18,584 |  |  | — |  |  | 18,584 |
Payables to brokerage clients | 109,355 |  |  | — |  |  | 109,355 |  |  | — |  |  | 109,355 |
Accrued expenses and other liabilities | 1,346 |  |  | — |  |  | 1,346 |  |  | — |  |  | 1,346 |
Other short-term borrowings | 8,472 |  |  | — |  |  | 8,472 |  |  | — |  |  | 8,472 |
Federal Home Loan Bank borrowings | 9,000 |  |  | — |  |  | 9,000 |  |  | — |  |  | 9,000 |
Long-term debt | 20,171 |  |  | — |  |  | 19,859 |  |  | — |  |  | 19,859 |
December 31, 2024 | Carrying Amount |  | Level 1 |  | Level 2 |  | Level 3 |  | Balance at Fair Value
Assets |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 31,078 |  |  | $ | 31,078 |  |  | $ | — |  |  | $ | — |  |  | $ | 31,078 |
Cash and investments segregated and on deposit for regulatory purposes | 12,416 |  |  | 2,401 |  |  | 10,015 |  |  | — |  |  | 12,416 |
Receivables from brokers, dealers, and clearing organizations | 2,440 |  |  | — |  |  | 2,440 |  |  | — |  |  | 2,440 |
Receivables from brokerage clients — net | 85,343 |  |  | — |  |  | 85,343 |  |  | — |  |  | 85,343 |
Held to maturity securities: |  |  |  |  |  |  |  |  |
U.S. agency mortgage-backed securities | 146,453 |  |  | — |  |  | 132,605 |  |  | — |  |  | 132,605 |
Total held to maturity securities | 146,453 |  |  | — |  |  | 132,605 |  |  | — |  |  | 132,605 |
Bank loans — net: |  |  |  |  |  |  |  |  |
First Mortgages | 27,375 |  |  | — |  |  | 24,336 |  |  | — |  |  | 24,336 |
HELOCs | 423 |  |  | — |  |  | 441 |  |  | — |  |  | 441 |
Pledged asset lines | 17,024 |  |  | — |  |  | 17,024 |  |  | — |  |  | 17,024 |
Other | 393 |  |  | — |  |  | 393 |  |  | — |  |  | 393 |
Total bank loans — net | 45,215 |  |  | — |  |  | 42,194 |  |  | — |  |  | 42,194 |
Other assets | 1,405 |  |  | — |  |  | 1,405 |  |  | — |  |  | 1,405 |
Liabilities |  |  |  |  |  |  |  |  |
Bank deposits | $ | 259,121 |  |  | $ | — |  |  | $ | 259,121 |  |  | $ | — |  |  | $ | 259,121 |
Payables to brokers, dealers, and clearing organizations | 13,336 |  |  | — |  |  | 13,336 |  |  | — |  |  | 13,336 |
Payables to brokerage clients | 101,559 |  |  | — |  |  | 101,559 |  |  | — |  |  | 101,559 |
Accrued expenses and other liabilities | 1,076 |  |  | — |  |  | 1,076 |  |  | — |  |  | 1,076 |
Other short-term borrowings | 5,999 |  |  | — |  |  | 5,999 |  |  | — |  |  | 5,999 |
Federal Home Loan Bank borrowings | 16,700 |  |  | — |  |  | 16,700 |  |  | — |  |  | 16,700 |
Long-term debt | 22,379 |  |  | — |  |  | 21,621 |  |  | — |  |  | 21,621 |

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- Definition Tabular disclosure of assets and liabilities by class that are not recorded at fair value. The disclosures that may be required or desired include: (a) the carrying value and (b) the level within the fair value hierarchy in which the carrying value falls, segregating fair value measurements using quoted prices in active markets for identical assets or liabilities (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset. + References No definition available. + Details
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- References No definition available. + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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