Silicon Valley Bank (merged into Deposit Insurance National Bank of Santa Clara)
Silicon Valley Bank reported total assets of $209.0 bn at Q4 2022, its last Call Report before it merged into Deposit Insurance National Bank of Santa Clara. The CET1 capital ratio at Silicon Valley Bank was 15.26%, and the uninsured share of Silicon Valley Bank was 93.88%. Source: FDIC Call Reports.
Key takeaways
- Since , Silicon Valley Bank has taken over one institution; the latest was Boston Private Bank & Trust Company on (FDIC Call Reports).
What sets Silicon Valley Bank apart
How large is Silicon Valley Bank?
The balance sheet of Silicon Valley Bank at : assets $209.0 bn, deposits $175.4 bn, net loans $73.6 bn (loans equal to 41.97% of deposits). Securities make up 56.1% of total assets at Silicon Valley Bank. Since , when Silicon Valley Bank held $43.0 bn, its assets grew 386.1%. In the year to , deposits at Silicon Valley Bank fell 8.4% while its total assets rose 0.2%. At , Silicon Valley Bank employed 7,095 full-time equivalent staff across 8 offices, about $29.5 mn of assets per employee and $21.9 bn of deposits per office.
How much funding at Silicon Valley Bank is uninsured?
At Silicon Valley Bank, uninsured deposits (above the FDIC limit) made up 93.88% of domestic deposits at (-0.79 pp on a year earlier). In dollars, Silicon Valley Bank estimated $151.6 bn of uninsured deposits.
Key facts, Q4 2022
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $175.4 bn | $191.4 bn (Q4 2021) | |
| Net loans and leases | $73.6 bn | $65.9 bn (Q4 2021) | |
| Loan-to-deposit ratio | 41.97% | 34.40% (Q4 2021) | |
| Tier 1 leverage ratio | 7.96% | 7.24% (Q4 2021) | |
| Total risk-based capital ratio | 16.05% | 15.40% (Q4 2021) | |
| Net interest margin | 2.23% | 2.05% (Q4 2021) | |
| Return on assets (ROA) | 0.96% | 0.80% (Q4 2021) | |
| Efficiency ratio | 46.42% | 54.82% (Q4 2021) | |
| Unrealized gain/loss on held-to-maturity securities | Loss of $15.2 bn | Widened by $14.2 bn | |
| Unrealized gain/loss on available-for-sale securities | Loss of $2.5 bn | Widened by $2.4 bn | |
| Noncurrent loans to total loans | 0.19% | 0.13% (Q4 2021) | |
| Net charge-offs to average loans | 0.10% | 0.21% (Q4 2021) |
US rank of Silicon Valley Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
Silicon Valley Bank: assets, deposits and loans
- Total assets $209bn
- Deposits $175bn
- Net loans $73.6bn
Capital and securities
The CET1 ratio of Silicon Valley Bank stood at 15.26% in , +0.37 pp year on year. Low and high at Silicon Valley Bank since : 10.70% () to 15.54% (). Equity capital of Silicon Valley Bank at : $15.5 bn, or 7.4% of total assets. Silicon Valley Bank also reported a total capital ratio of 16.05% for , and a tier 1 leverage ratio of 7.96%.
On held-to-maturity securities, Silicon Valley Bank carried an unrealized loss of $15.2 bn at , equal to 98.1% of equity capital. The loss widened by $14.2 bn over the year. Its deepest point: $15.9 bn in . The available-for-sale portfolio of Silicon Valley Bank showed an unrealized loss of $2.5 bn at ; the loss widened by $2.4 bn over the year.
Silicon Valley Bank: capital ratios
- Total capital 16%
- CET1 15%
- Tier 1 leverage 8.0%
Silicon Valley Bank: unrealized securities gains and losses
- Available for sale -$2.5bn
- Held to maturity -$15.2bn
Profitability and loan quality
For the year to , Silicon Valley Bank earned a return on equity of 13.43%; return on assets: 0.96%. Net interest margin at Silicon Valley Bank: 2.23%, +0.18 pp in a year. Silicon Valley Bank net income: $2.0 bn, up 56.4% year on year. The efficiency ratio of Silicon Valley Bank was 46.42%: about 46 cents cost per revenue dollar, against 56 cents at the median peer.
At , noncurrent loans were 0.19% of total loans at Silicon Valley Bank; net charge-offs: 0.10% of average loans. Gross loans and leases at Silicon Valley Bank: $74.2 bn at , against $66.3 bn at .
Silicon Valley Bank: profitability
- Return on equity 13%
- Net interest margin 2.2%
- Return on assets 1.0%
Peer group of Silicon Valley Bank
The peer group of Silicon Valley Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 1 shares the charter type of Silicon Valley Bank (state member bank) and 1 has its head office in California. Against them, Silicon Valley Bank shows CET1 ratio 15.26% against a peer median of 11.27%, return on equity 13.43% against a peer median of 11.52% and uninsured deposit share 93.88% against a peer median of 48.09%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Citizens Bank | National bank | RI | $226.4 bn | 11.19% | 9.42% | 49.02% | |
| First Republic Bank | State nonmember bank | CA | $212.6 bn | 9.17% | 10.03% | 67.71% | |
| Morgan Stanley Private Bank | National bank | NY | $209.7 bn | 27.52% | 16.41% | 29.79% | |
| Silicon Valley Bank | State member bank | CA | $209.0 bn | 15.26% | 13.43% | 93.88% | |
| Fifth Third Bank | National bank | OH | $206.3 bn | 11.31% | 13.02% | 52.17% | |
| Morgan Stanley Bank | National bank | UT | $201.4 bn | 20.47% | 19.16% | 30.45% | |
| Manufacturers and Traders Trust Company | State member bank | NY | $200.3 bn | 11.23% | 9.32% | 47.16% | |
. FDIC Call Reports.
Last eight quarters
Two years at Silicon Valley Bank, to : assets $140.3 bn to $209.0 bn, deposits $125.3 bn to $175.4 bn, equity $8.8 bn to $15.5 bn. Staff 3,909 to 7,095; offices 5 to 8.
| Metric | Q1 2021 | Q2 2021 | Q3 2021 | Q4 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $140.3 bn | $161.2 bn | $188.3 bn | $208.6 bn | $217.8 bn | $211.8 bn | $210.2 bn | $209.0 bn |
| Total deposits | $125.3 bn | $147.5 bn | $172.3 bn | $191.4 bn | $200.4 bn | $190.2 bn | $178.9 bn | $175.4 bn |
| Bank equity capital | $8.8 bn | $10.4 bn | $13.4 bn | $14.8 bn | $14.6 bn | $15.4 bn | $15.1 bn | $15.5 bn |
| CET1 ratio | 12.93% | 13.66% | 14.68% | 14.89% | 14.89% | 15.39% | 15.54% | 15.26% |
| Return on equity (ROE) | 14.30% | 13.41% | 11.56% | 11.88% | 14.00% | 13.65% | 14.31% | 13.43% |
| Uninsured share of domestic deposits | 94.21% | 94.83% | 94.22% | 94.66% | 94.59% | 94.49% | 93.90% | 93.88% |
| Full-time equivalent employees | 3,909 | 4,078 | 5,554 | 6,203 | 5,928 | 6,574 | 6,931 | 7,095 |
| Number of offices | 5 | 19 | 11 | 10 | 8 | 8 | 8 | 8 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of Silicon Valley Bank, oldest first; figures before and after each event are not like for like.
- . Absorbed Boston Private Bank & Trust Company (FDIC certificate 24811).
- . Merged into Deposit Insurance National Bank of Santa Clara (FDIC certificate 59331).
Questions and identifiers
What were the total assets of Silicon Valley Bank?
Silicon Valley Bank reported $209.0 bn at in its Call Report.
Is Silicon Valley Bank the same as its holding company?
No. This page covers Silicon Valley Bank, FDIC certificate 24735; SVB FINANCIAL GROUP (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Silicon Valley Bank profitable?
Silicon Valley Bank reported net income of $2.0 bn for the year to ; annualized return on equity: 13.43%. So yes: Silicon Valley Bank made a profit over these months.
When is data for Silicon Valley Bank next updated?
Silicon Valley Bank no longer files Call Reports; its data ends at .
Where can I check the figures for Silicon Valley Bank?
In the FDIC BankFind Suite record for certificate 24735, and in the Call Reports of Silicon Valley Bank (RSSD ID 802866) at the FFIEC Central Data Repository.