Call reports 2017
SILVERGATE BANK — 2017
What SILVERGATE BANK reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 948,898,000 | 1,205,012,000 | 1,216,674,000 | 1,889,299,000 |
| Total loans | 817,811,000 | 850,060,000 | 867,310,000 | 887,860,000 |
| Allowance for loan losses | 7,931,000 | 7,931,000 | 8,079,000 | 8,165,000 |
| Securities available for sale | 94,473,000 | 95,464,000 | 95,341,000 | 191,802,000 |
| Securities held to maturity | 348,000 | 320,000 | 287,000 | 119,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 768,999,000 | 969,432,000 | 985,375,000 | 1,777,017,000 |
| Interest-bearing deposits | 547,824,000 | 518,483,000 | 375,138,000 | 310,992,000 |
| Noninterest-bearing deposits | 221,175,000 | 450,949,000 | 610,237,000 | 1,466,025,000 |
| Equity capital | 87,013,000 | 88,339,000 | 90,637,000 | 92,307,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 10,305,000 | 21,629,000 | 34,393,000 | 48,283,000 |
| Interest expense | 1,495,000 | 2,932,000 | 4,372,000 | 5,128,000 |
| Net interest income | 8,810,000 | 18,697,000 | 30,021,000 | 43,155,000 |
| Noninterest income | 485,000 | 1,188,000 | 1,906,000 | 3,372,000 |
| Noninterest expense | 6,717,000 | 13,721,000 | 21,213,000 | 30,044,000 |
| Provision for loan losses | 23,000 | 23,000 | 232,000 | 263,000 |
| Pretax income | 2,555,000 | 6,141,000 | 10,482,000 | 16,220,000 |
| Income tax | 935,000 | 2,325,000 | 4,031,000 | 7,478,000 |
| Net income | 1,620,000 | 3,816,000 | 6,451,000 | 8,742,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 87,622,000 | 88,626,000 | 90,936,000 | 93,030,000 |
| Total capital | 95,443,000 | 96,662,000 | 99,199,000 | 101,340,000 |
| Risk-weighted assets | 625,427,000 | 642,792,000 | 662,138,000 | 709,392,000 |