Call reports 2023
SILVERGATE BANK — 2023
What SILVERGATE BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 1,885,858,000 | 1,282,576,000 | 924,441,000 | 269,244,000 |
| Total loans | 95,888,000 | 176,000 | 0 | 0 |
| Allowance for loan losses | 28,000 | 0 | 0 | 0 |
| Securities available for sale | 316,424,000 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,504,149,000 | 947,257,000 | 616,750,000 | 6,000 |
| Interest-bearing deposits | 1,428,716,000 | 918,508,000 | 597,183,000 | 6,000 |
| Noninterest-bearing deposits | 75,433,000 | 28,749,000 | 19,567,000 | 0 |
| Equity capital | 232,192,000 | 213,373,000 | 216,105,000 | 213,759,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 97,230,000 | 107,646,000 | 108,567,000 | 110,165,000 |
| Interest expense | 70,526,000 | 71,093,000 | 71,094,000 | 70,511,000 |
| Net interest income | 26,704,000 | 36,553,000 | 37,473,000 | 39,654,000 |
| Noninterest income | -111,942,000 | -112,444,000 | -112,522,000 | -112,520,000 |
| Noninterest expense | 130,527,000 | 162,306,000 | 161,659,000 | 166,276,000 |
| Provision for loan losses | 55,881,000 | 55,856,000 | 55,856,000 | 55,856,000 |
| Pretax income | -540,741,000 | -558,782,000 | -557,293,000 | -559,727,000 |
| Income tax | -2,866,000 | -2,193,000 | -3,329,000 | -3,337,000 |
| Net income | -537,875,000 | -556,589,000 | -553,964,000 | -556,390,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 231,907,000 | 213,373,000 | 216,105,000 | 213,759,000 |
| Total capital | 232,286,000 | 213,373,000 | 216,105,000 | 213,759,000 |
| Risk-weighted assets | 234,213,000 | 13,868,000 | 4,063,000 | 55,197,000 |