Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Financial Condition (Unaudited)

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Condensed Consolidated Statements of Financial Condition (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Assets    
Cash and cash equivalents $ 19,106 $ 31,562
Restricted certificates of deposit 80 587
Investments 31 32
Receivables, net 4,774 4,502
Due from Silvercrest Funds 2,539 4,330
Furniture, equipment and leasehold improvements, net 2,295 2,425
Goodwill 25,168 24,682
Intangible assets, net 14,845 15,331
Deferred tax asset—tax receivable agreement 21,280 21,498
Prepaid expenses and other assets 3,834 3,262
Total assets 93,952 108,211
Liabilities and Equity    
Accounts payable and accrued expenses 4,752 4,031
Accrued compensation 5,407 21,786
Notes payable 4,466 4,514
Deferred rent 745 852
Deferred tax and other liabilities 15,486 15,391
Total liabilities $ 30,856 $ 46,574
Commitments and Contingencies (Note 10)
Equity    
Preferred Stock, par value $0.01, 10,000,000 shares authorized; none issued and outstanding, as of March 31, 2016 and December 31, 2015
Additional Paid-In Capital $ 41,116 $ 40,951
Retained earnings 5,106 4,758
Total Silvercrest Asset Management Group Inc.’s equity 46,347 45,835
Non-controlling interests 16,749 15,802
Total equity 63,096 61,637
Total liabilities and equity 93,952 108,211
Class A Common Stock    
Equity    
Common stock, value 80 80
Total equity 80 80
Class B Common Stock    
Equity    
Common stock, value 45 46
Total equity $ 45 $ 46