Call reports 2016
SILVERGATE BANK — 2016
What SILVERGATE BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 952,654,000 | 979,555,000 | 986,172,000 | 978,086,000 |
| Total loans | 794,270,000 | 825,222,000 | 842,208,000 | 844,166,000 |
| Allowance for loan losses | 7,222,000 | 7,710,000 | 7,974,000 | 8,044,000 |
| Securities available for sale | 49,358,000 | 73,563,000 | 82,933,000 | 89,051,000 |
| Securities held to maturity | 509,000 | 474,000 | 438,000 | 404,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 645,348,000 | 720,836,000 | 769,223,000 | 769,895,000 |
| Interest-bearing deposits | 539,948,000 | 593,787,000 | 630,894,000 | 601,375,000 |
| Noninterest-bearing deposits | 105,400,000 | 127,049,000 | 138,329,000 | 168,520,000 |
| Equity capital | 85,069,000 | 84,402,000 | 86,447,000 | 85,180,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 9,604,000 | 19,803,000 | 30,682,000 | 41,520,000 |
| Interest expense | 1,525,000 | 3,206,000 | 4,954,000 | 6,579,000 |
| Net interest income | 8,079,000 | 16,597,000 | 25,728,000 | 34,941,000 |
| Noninterest income | 1,078,000 | 1,737,000 | 2,571,000 | 3,360,000 |
| Noninterest expense | 5,779,000 | 11,624,000 | 17,839,000 | 23,665,000 |
| Provision for loan losses | 322,000 | 818,000 | 1,084,000 | 1,136,000 |
| Pretax income | 3,056,000 | 5,892,000 | 9,376,000 | 13,500,000 |
| Income tax | 1,193,000 | 2,299,000 | 3,664,000 | 5,426,000 |
| Net income | 1,863,000 | 3,593,000 | 5,712,000 | 8,074,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 85,362,000 | 84,600,000 | 86,725,000 | 85,996,000 |
| Total capital | 92,695,000 | 92,416,000 | 94,821,000 | 94,220,000 |
| Risk-weighted assets | 622,612,000 | 671,969,000 | 652,964,000 | 658,280,000 |