Call reports 2011
SILVERGATE BANK — 2011
What SILVERGATE BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 344,928,000 | 358,763,000 | 434,351,000 | 470,476,000 |
| Total loans | 240,843,000 | 262,055,000 | 321,019,000 | 358,295,000 |
| Allowance for loan losses | 4,237,000 | 4,450,000 | 4,360,000 | 4,028,000 |
| Securities available for sale | 35,227,000 | 33,502,000 | 35,798,000 | 34,766,000 |
| Securities held to maturity | 39,015,000 | 48,179,000 | 44,379,000 | 41,465,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 249,145,000 | 239,504,000 | 275,475,000 | 282,645,000 |
| Interest-bearing deposits | 235,937,000 | 225,391,000 | 253,047,000 | 251,115,000 |
| Noninterest-bearing deposits | 13,208,000 | 14,113,000 | 22,428,000 | 31,530,000 |
| Equity capital | 39,511,000 | 40,245,000 | 51,972,000 | 63,773,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 4,664,000 | 9,678,000 | 14,852,000 | 20,194,000 |
| Interest expense | 1,161,000 | 2,248,000 | 3,308,000 | 4,346,000 |
| Net interest income | 3,503,000 | 7,430,000 | 11,544,000 | 15,848,000 |
| Noninterest income | 165,000 | 766,000 | 979,000 | 1,181,000 |
| Noninterest expense | 2,620,000 | 5,583,000 | 8,428,000 | 11,319,000 |
| Provision for loan losses | 100,000 | 350,000 | 575,000 | 825,000 |
| Pretax income | 1,317,000 | 2,632,000 | 3,889,000 | 5,254,000 |
| Income tax | 544,000 | 1,087,000 | 1,606,000 | 2,170,000 |
| Net income | 773,000 | 1,545,000 | 2,283,000 | 3,084,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 39,260,000 | 39,988,000 | 51,946,000 | 63,756,000 |
| Total capital | 42,214,000 | 43,344,000 | 56,021,000 | 67,784,000 |
| Risk-weighted assets | 235,071,000 | 267,375,000 | 325,730,000 | 359,331,000 |