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May 29, 2015 5:44 AM ET

Banks

Company Overview of Silvergate Bank

Company Overview

Silvergate Bank, a state chartered bank, provides banking services to individuals and companies in San Diego. It offers personal banking products and services, including checking, savings, and money market accounts, as well as certificates of deposit. The company also provides business banking products and services, including checking, savings, and money market accounts, as well as certificates of deposit. In addition, it offers business loans, including business lines of credit, asset based line of credit, business term loans, small business loans, and standby letters of credit; commercial real estate loans; government assisted loans; and residential loans. Further, the company provides onl...

4275 Executive Square

Suite 800

La Jolla, CA 92037

United States

Founded in 1988

Phone:

858-362-6300

Fax:

858-362-6333

Key Executives for Silvergate Bank

Chief Executive Officer and Director
Age: 52
Vice Chairman, President, Chief Credit Officer and Vice-Chairman of Silvergate Capital Corp
Chief Financial Officer and Executive Vice President
Age: 49
Chairman, Chairman of Silvergate Capital Corporation and Chief Executive Officer of Silvergate Capital Corporation
Age: 58
Chief Information Officer and Executive Vice President
Compensation as of Fiscal Year 2014.

Silvergate Bank Key Developments

Silvergate Bank Reports Earnings Results for the First Quarter Ended March 31, 2015

Silvergate Bank reported earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net income for the quarter of $1.2 million, compared to $1.7 million for the prior quarter and $943,000 for the first quarter last year. Net interest income was $6.9 million, compared to $7.6 million for the prior quarter and $4.7 million in the first quarter of last year.

Silvergate Bank Presents at Sterne Agee Financial Institutions Investor Conference 2015, Feb-11-2015

Silvergate Bank Presents at Sterne Agee Financial Institutions Investor Conference 2015, Feb-11-2015 . Venue: Boca Raton Resort & Club, 501 East Camino Real, Boca Raton, FL 33432, United States.

Silvergate Bank Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Silvergate Bank announced unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the Bank's net income was $980,000, compared to $1.51 million for the prior quarter and $1.37 million for the third quarter last year. The Bank's net interest income for the quarter was $5.97 million, compared to $5.48 million for the prior quarter and $6.91 million in the third quarter of last year. Income before taxes was $1,600,000 against $2,332,000 a year ago. Return on average assets was 0.53% against 0.86% a year ago. Return on average equity was 5.30% against 7.41% a year ago. For the first three quarters, the company reported net income of $3.43 million, compared to $4.13 million last year. The Bank's net interest income was $16.1 million, compared to $17.7 million for the prior quarter and $6.91 million in the third quarter of last year. Income before taxes was $5,623,000 against $6,838,000 a year ago. Return on average assets was 0.67% against 0.86% a year ago. Return on average equity was 6.30% against 7.60% a year ago.

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