Call reports 2013
SILVERGATE BANK — 2013
What SILVERGATE BANK reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 638,517,000 | 642,660,000 | 616,437,000 | 641,147,000 |
| Total loans | 511,830,000 | 537,569,000 | 520,345,000 | 545,194,000 |
| Allowance for loan losses | 4,011,000 | 3,975,000 | 3,938,000 | 3,927,000 |
| Securities available for sale | 26,476,000 | 38,733,000 | 44,479,000 | 42,593,000 |
| Securities held to maturity | 29,041,000 | 24,414,000 | 21,251,000 | 20,354,000 |
| Trading assets | 0 | 0 | 39,000 | 51,000 |
| Total deposits | 489,841,000 | 483,569,000 | 468,315,000 | 453,734,000 |
| Interest-bearing deposits | 425,669,000 | 423,193,000 | 406,415,000 | 396,841,000 |
| Noninterest-bearing deposits | 64,172,000 | 60,377,000 | 61,900,000 | 56,892,000 |
| Equity capital | 71,388,000 | 72,588,000 | 68,933,000 | 70,287,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 6,733,000 | 13,420,000 | 21,562,000 | 27,583,000 |
| Interest expense | 1,362,000 | 2,661,000 | 3,891,000 | 5,057,000 |
| Net interest income | 5,371,000 | 10,759,000 | 17,671,000 | 22,526,000 |
| Noninterest income | 1,651,000 | 3,288,000 | 3,728,000 | 5,364,000 |
| Noninterest expense | 4,680,000 | 9,781,000 | 14,807,000 | 19,533,000 |
| Provision for loan losses | 50,000 | 8,000 | 8,000 | 8,000 |
| Pretax income | 2,312,000 | 4,506,000 | 6,838,000 | 8,613,000 |
| Income tax | 919,000 | 1,746,000 | 2,711,000 | 3,217,000 |
| Net income | 1,393,000 | 2,760,000 | 4,127,000 | 5,396,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 71,094,000 | 72,486,000 | 68,879,000 | 70,173,000 |
| Total capital | 75,105,000 | 76,503,000 | 72,859,000 | 74,142,000 |
| Risk-weighted assets | 423,384,000 | 423,108,000 | 378,263,000 | 403,050,000 |