Call reports 2009
SILVERGATE BANK — 2009
What SILVERGATE BANK reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 324,883,000 | 325,995,000 | 341,025,000 | 362,659,000 |
| Total loans | 235,970,000 | 237,913,000 | 245,908,000 | 265,975,000 |
| Allowance for loan losses | 2,850,000 | 2,670,000 | 3,225,000 | 3,590,000 |
| Securities available for sale | 14,605,000 | 12,371,000 | 12,692,000 | 12,341,000 |
| Securities held to maturity | 56,167,000 | 52,327,000 | 48,674,000 | 50,741,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 225,110,000 | 226,070,000 | 236,127,000 | 247,100,000 |
| Interest-bearing deposits | 222,575,000 | 222,505,000 | 228,818,000 | 238,535,000 |
| Noninterest-bearing deposits | 2,535,000 | 3,565,000 | 7,309,000 | 8,565,000 |
| Equity capital | 32,245,000 | 31,827,000 | 32,910,000 | 33,918,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 5,219,000 | 10,602,000 | 16,097,000 | 21,639,000 |
| Interest expense | 2,477,000 | 4,689,000 | 6,602,000 | 8,346,000 |
| Net interest income | 2,742,000 | 5,913,000 | 9,495,000 | 13,293,000 |
| Noninterest income | 90,000 | 461,000 | 768,000 | 1,032,000 |
| Noninterest expense | 2,192,000 | 4,871,000 | 7,306,000 | 10,471,000 |
| Provision for loan losses | 1,325,000 | 1,600,000 | 2,415,000 | 2,800,000 |
| Pretax income | 711,000 | 1,299,000 | 2,000,000 | 3,172,000 |
| Income tax | 324,000 | 568,000 | 859,000 | 1,311,000 |
| Net income | 387,000 | 731,000 | 1,141,000 | 1,861,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 32,666,000 | 32,993,000 | 33,407,000 | 34,130,000 |
| Total capital | 35,368,000 | 35,663,000 | 36,297,000 | 37,242,000 |
| Risk-weighted assets | 216,077,000 | 223,509,000 | 230,885,000 | 248,547,000 |
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