Silvergate Capital Corporation (SI) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,3882,962134
Cash and cash equivalents5,3882,962134
Total current assets:5,3882,962134
Noncurrent Assets
Operating lease, right-of-use asset425
Property, plant and equipment323
Total noncurrent assets:748
Other undisclosed assets10,6102,6201,987
TOTAL ASSETS:16,0055,5862,128
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt  49
Total current liabilities:  49
Noncurrent Liabilities
Other undisclosed liabilities14,3975,2921,848
Total liabilities:14,3975,2921,897
Stockholders' equity
Stockholders' equity attributable to parent, including:1,609294231
Preferred stock0  
Additional paid in capital1,422130132
Accumulated other comprehensive income (loss)(7)466
Retained earnings19411892
Other undisclosed stockholders' equity attributable to parent000
Total stockholders' equity:1,609294231
TOTAL LIABILITIES AND EQUITY:16,0055,5862,128

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
Revenues1308082
Net investment income1308081
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
 (1) 
Gross profit:1307982
Operating expenses(26)(20)(11)
Operating income:1045971
Interest and debt expense(1)(6)(10)
Other undisclosed loss from continuing operations before equity method investments, income taxes (22)(26)
Income from continuing operations before equity method investments, income taxes:1033135
Other undisclosed loss from continuing operations before income taxes(18)  
Income from continuing operations before income taxes:853135
Income tax expense(7)(5)(10)
Net income attributable to parent:792625
Preferred stock dividends and other adjustments(3)  
Net income available to common stockholders, diluted:762625

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
Net income:792625
Other comprehensive income (loss)(53)408
Comprehensive income, net of tax, attributable to parent:266633

Statements sources

The financial statements are based on the company's filings with the 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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