Company Overview of Silvergate Bank
Silvergate Bank, a state chartered bank, engages in the provision of lending products and personalized 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...
4275 Executive Square
La Jolla, CA 92037
Founded in 1988
Key Executives for Silvergate Bank
Chief Executive Officer and Director
Vice Chairman, President, Chief Credit Officer and Vice-Chairman of Silvergate Capital Corp
Chairman, Chairman of Silvergate Capital Corporation and Chief Executive Officer of Silvergate Capital Corporation
Chief Information Officer and Executive Vice President
Senior Vice President and Enterprise Risk Manager
Compensation as of Fiscal Year 2016.
Silvergate Bank Key Developments
Silvergate Bank Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2016
Aug 8 16
Silvergate Bank announced earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported net income was $1.7 million, compared to $1.9 million in the first quarter and $3.1 million in the second quarter of last year. Net interest income was $8.5 million, compared to $8.1 million in the first quarter and $8.9 million during the second quarter of last year.
For the six-month period ending June 30, 2016, net income totaled $3.6 million, compared to $4.2 million for the same period in the prior year.
Silvergate Bank Reports Earnings Results for the First Quarter Ended March 31, 2016
May 9 16
Silvergate Bank reported earnings results for the first quarter ended March 31, 2016. The company reported net income of $1.9 million. The bank's total assets increased to $952.7 million from $948.2 million compared to prior quarter and equity grew to $85.1 million from $83.5 million over the same time period. The bank's net interest income for the first quarter of 2016 was $8.1 million, consistent with the prior quarter and compared to $6.9 million in the first quarter last year.
Silvergate Bank Announces Financial Results for the Fourth Quarter and Fiscal Year Ended December 31, 2015; Reports Net Charge-Offs for the Fourth Quarter of 2015
Mar 1 16
Silvergate Bank announced financial results for the fourth quarter and fiscal year ended December 31, 2015. For the quarter, the Bank's net interest income was $8.1 million, compared to $7.6 million in the fourth quarter last year. The increase in net interest income from prior quarters reflected higher loan volumes than in prior periods. The Bank's net income was $1.7 million, compared to $1.7 million for the fourth quarter last year.
For the year, net interest income totaled $31.5 million, a $7.9 million, or 33%, increase over the same period in 2014, as both loan volumes and asset yields improved over the prior period. Net income totaled $8.1 million, compared to $5.1 million for the prior year, a 59% increase.
The Bank experienced net charge-offs of $15,000 in the fourth quarter of 2015 compared to net charge-offs of $12,000 in the fourth quarter of 2014.
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