Silvergate Bank

4250 Executive Square Suite 300
La Jolla, CA 92037

Notable Rates APY Vs.Others
Savings 0.05% 2.10% →
1-Year CD N.A. 2.02% →
2-Year CD N.A. 2.02% →
5-Year CD N.A. 2.02% →
30-Year Mortgage N.A. 3.03% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 3.25% →

2020 Overview

General Bank Information

Silvergate Bank is an FDIC insured institution located in La Jolla, CA. It was founded in 1988 and has approximately $2.13 billion in assets. Customers can open an account at one of its 6 branches.

FDIC Insured Yes
FDIC Certificate # 27330
Date Established 1988
Assets $2.13 billion
Loans $1.00 billion
Deposits $1.86 billion
Capital $0.24 billion

For a more detailed analysis of Silvergate Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - March 30, 2020

Bank Online Offers

Loan Rates - March 30, 2020

Your Current Location: Connecticut, CT 06828

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Financial Details

Silvergate Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Silvergate Bank. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Silvergate Bank U.S. Bank Average
2.76% 6.70%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of September 30, 2019, Silvergate Bank had $6,623,000 in non-current loans and $81,000 in owned real estate. To cover these potential losses it had $236,951,000 in equity and $6,191,000 in loans loss reserves. That gives it a Texas Ratio of 2.76%.

Return on Equity
Silvergate Bank U.S. Bank Average
14.32% 9.72%

Silvergate Bank has a Return on Equity of 14.32% versus the BestCashCow average of 9.72%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Silvergate Bank U.S. Bank Average
11.11% 12.89%

Silvergate Bank has a Capitalization of 11.11% versus the BestCashCow average of 12.89. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Silvergate Bank Balance Sheet Analysis

As of September 30, 2019, Silvergate Bank had assets of $2,133,337,000, loans of $1,003,400,000, and deposits of $1,859,087,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

September 30, 2019
Cash & Balances due from depository institutions $0.16 billion
Interest-bearing balances $0.16 billion
Total securities $0.91 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $1.00 billion
Loan loss allowance $0.01 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.05 billion
     Total Assets $1.90 billion
Total deposits $1.86 billion
      Interest-bearing deposits $0.45 billion
      Deposits held in domestic offices $1.86 billion
      % insured (estimated) 26.53%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.03 billion
Subordinated debt $0.00 billion
All other liabilities $0.01 billion
      Total Liabilities $1.90 billion
      Shareholders’ Equity $0.24 billion

Summary Income Statement

September 30, 2019
Total Interest Income $0.06 billion
Total Interest Expense $0.00 billion
Net interest income $0.06 billion
Provision for loan and lease losses $-0.00 billion
Total non interest income $0.01 billion
Total non interest expense $0.04 billion
Pre-tax Net Operating Income $0.03 billion

Bank Loan Profile?

The top three loan types in Silvergate Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Multifamily Mortgages.

Compared to other banks in California, Silvergate Bank has a significantly higher percent of 1-4 Family Residential Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 54.46
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 1.66
Construction and Development Loans 0.39
Commercial Real Estate 30.29
Commercial and Industrial Loans 1.45
Farm Loans 0.00

Frequently Asked Questions About Silvergate Bank

Branches and Savings

Is Silvergate Bank FDIC insured?

Yes. It is covered under FDIC Certificate #27330.

Why does Silvergate Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Silvergate Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Silvergate Bank a commercial bank?


Where are Silvergate Bank locations?

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Is Silvergate Bank open on Saturdays?

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Will the Silvergate Bank branch print checks?

Do Silvergate Bank checks expire?

Does Silvergate Bank require US citizenship to open account?

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Does Silvergate Bank offer mortgages?

Compare mortgage rates here.

Does Silvergate Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Silvergate Bank offer personal loans?

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Does Silvergate Bank offer student loans?

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Background on The Bank

Who owns Silvergate Bank?

How long has Silvergate Bank been around?

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Does Silvergate Bank have quick pay?

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