Call reports 2010
SILVERGATE BANK — 2010
What SILVERGATE BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 359,871,000 | 374,634,000 | 384,579,000 | 370,459,000 |
| Total loans | 247,530,000 | 274,946,000 | 285,844,000 | 266,992,000 |
| Allowance for loan losses | 3,475,000 | 3,847,000 | 3,784,000 | 4,182,000 |
| Securities available for sale | 11,755,000 | 21,091,000 | 23,050,000 | 22,345,000 |
| Securities held to maturity | 48,370,000 | 47,174,000 | 44,639,000 | 41,550,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 246,843,000 | 255,552,000 | 262,926,000 | 270,218,000 |
| Interest-bearing deposits | 240,934,000 | 246,942,000 | 250,590,000 | 259,308,000 |
| Noninterest-bearing deposits | 5,909,000 | 8,610,000 | 12,336,000 | 10,911,000 |
| Equity capital | 34,489,000 | 35,757,000 | 36,547,000 | 37,587,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 5,190,000 | 10,439,000 | 15,854,000 | 21,293,000 |
| Interest expense | 1,522,000 | 2,990,000 | 4,480,000 | 5,792,000 |
| Net interest income | 3,668,000 | 7,449,000 | 11,374,000 | 15,501,000 |
| Noninterest income | 185,000 | 591,000 | 1,260,000 | 1,752,000 |
| Noninterest expense | 2,176,000 | 4,708,000 | 7,551,000 | 10,531,000 |
| Provision for loan losses | 600,000 | 1,025,000 | 1,375,000 | 1,475,000 |
| Pretax income | 1,077,000 | 2,307,000 | 3,708,000 | 5,247,000 |
| Income tax | 445,000 | 953,000 | 1,531,000 | 2,167,000 |
| Net income | 632,000 | 1,354,000 | 2,177,000 | 3,080,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 34,764,000 | 35,489,000 | 36,299,000 | 37,211,000 |
| Total capital | 37,714,000 | 38,792,000 | 39,776,000 | 40,378,000 |
| Risk-weighted assets | 235,515,000 | 263,706,000 | 277,901,000 | 252,349,000 |
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