Silvergate Capital Corporation (SI) Financial Statements (2024 and earlier)

Company Profile

Business Address 4250 EXECUTIVE SQUARE STE 300
LA JOLLA, CA 92037
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2022
MRQ
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 5,387,9462,962,087133,604
Cash and cash equivalents 5,387,9462,962,087133,604
Total current assets: 5,387,9462,962,087133,604
Noncurrent Assets
Operating lease, right-of-use asset 4,4571,7994,571
Property, plant and equipment 3,0082,0723,259
Total noncurrent assets: 7,4653,8717,830
Other undisclosed assets 10,610,0842,620,2771,986,693
TOTAL ASSETS: 16,005,4955,586,2352,128,127
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt   49,000
Total current liabilities:   49,000
Noncurrent Liabilities
Other undisclosed liabilities 14,396,6595,291,9361,848,091
Total liabilities: 14,396,6595,291,9361,897,091
Equity
Equity, attributable to parent, including: 1,608,836294,299231,036
Preferred stock 2  
Additional paid in capital 1,421,592129,726132,138
Accumulated other comprehensive income (loss) (6,922)46,0366,401
Retained earnings 193,860118,34892,310
Other undisclosed equity, attributable to parent 304189187
Total equity: 1,608,836294,299231,036
TOTAL LIABILITIES AND EQUITY: 16,005,4955,586,2352,128,127

Income Statement (P&L) ($ in thousands)

9/30/2022
TTM
12/31/2021
12/31/2020
12/31/2019
Revenues 130,39479,94481,863
Net investment income 130,39479,59081,035
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
  (742) 
Gross profit: 130,39479,20281,863
Operating expenses (26,157)(20,081)(10,884)
Operating income: 104,23759,12170,979
Interest and debt expense (1,127)(6,301)(10,078)
Other undisclosed loss from continuing operations before equity method investments, income taxes  (21,626)(26,229)
Income from continuing operations before equity method investments, income taxes: 103,11031,19434,672
Other undisclosed loss from continuing operations before income taxes (17,707)  
Income from continuing operations before income taxes: 85,40331,19434,672
Income tax expense (6,875)(5,156)(9,826)
Income from continuing operations: 78,52826,03824,846
Income before gain (loss) on sale of properties:78,52826,03824,846
Net income attributable to parent: 78,52826,03824,846
Preferred stock dividends and other adjustments (3,016)  
Net income available to common stockholders, diluted: 75,51226,03824,846

Comprehensive Income ($ in thousands)

9/30/2022
TTM
12/31/2021
12/31/2020
12/31/2019
Net income: 78,52826,03824,846
Other comprehensive income (loss) (52,958)39,6358,462
Comprehensive income, net of tax, attributable to parent: 25,57065,67333,308

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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