Call reports 2008
SILVERGATE BANK — 2008
What SILVERGATE BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 284,814,000 | 284,367,000 | 292,504,000 | 316,853,000 |
| Total loans | 244,487,000 | 241,086,000 | 241,448,000 | 241,947,000 |
| Allowance for loan losses | 1,758,000 | 1,806,000 | 2,066,000 | 2,017,000 |
| Securities available for sale | 20,081,000 | 18,324,000 | 17,185,000 | 27,637,000 |
| Securities held to maturity | 4,457,000 | 4,271,000 | 7,427,000 | 38,732,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 185,414,000 | 184,253,000 | 174,628,000 | 198,352,000 |
| Interest-bearing deposits | 185,194,000 | 183,972,000 | 174,220,000 | 197,488,000 |
| Noninterest-bearing deposits | 220,000 | 281,000 | 408,000 | 864,000 |
| Equity capital | 31,585,000 | 31,554,000 | 31,669,000 | 31,845,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 4,651,000 | 9,054,000 | 13,426,000 | 18,001,000 |
| Interest expense | 2,822,000 | 5,388,000 | 7,788,000 | 10,222,000 |
| Net interest income | 1,829,000 | 3,666,000 | 5,638,000 | 7,779,000 |
| Noninterest income | 32,000 | 174,000 | 276,000 | 262,000 |
| Noninterest expense | 1,541,000 | 3,125,000 | 4,571,000 | 6,137,000 |
| Provision for loan losses | 70,000 | 193,000 | 453,000 | 853,000 |
| Pretax income | 250,000 | 522,000 | 890,000 | 1,051,000 |
| Income tax | 104,000 | 204,000 | 351,000 | 415,000 |
| Net income | 146,000 | 318,000 | 539,000 | 636,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 31,748,000 | 31,896,000 | 32,102,000 | 32,203,000 |
| Total capital | 33,506,000 | 33,702,000 | 34,168,000 | 34,220,000 |
| Risk-weighted assets | 205,598,000 | 206,490,000 | 210,158,000 | 215,700,000 |
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