Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2013

Our segment information for the three months ended March 31, 2013 and 2012 is as follows:



(Dollars in thousands)	Global Commercial Bank (1)			SVB Private Bank			SVB Capital (1)			Other Items			Total
Three months ended March 31, 2013
Net interest income	$	148,936		$	6,104		$	1		$	8,128		$	163,169
(Provision for) reduction of loan losses	(6,207		)	394			—			—			(5,813		)
Noninterest income	46,541			234			5,441			26,388			78,604
Noninterest expense (2)	(105,578		)	(3,461		)	(2,386		)	(37,589		)	(149,014		)
Income (loss) before income tax expense (3)	$	83,692		$	3,271		$	3,056		$	(3,073	)	$	86,946
Total average loans, net of unearned income	$	7,868,587		$	844,807		$	—		$	(32,477	)	$	8,680,917
Total average assets (4)	20,463,477			853,932			238,743			758,407			22,314,559
Total average deposits	18,302,877			470,673			—			11,963			18,785,513
Three months ended March 31, 2012
Net interest income	$	143,264		$	4,965		$	7		$	2,701		$	150,937
Provision for loan losses	(13,236		)	(1,293		)	—			—			(14,529		)
Noninterest income	39,928			157			3,587			15,621			59,293
Noninterest expense (2)	(96,443		)	(3,126		)	(2,536		)	(29,907		)	(132,012		)
Income before income tax expense (3)	$	73,513		$	703		$	1,058		$	(11,585	)	$	63,689
Total average loans, net of unearned income	$	6,031,356		$	737,968		$	—		$	35,024		$	6,804,348
Total average assets (4)	18,556,741			741,962			260,127			673,713			20,232,543
Total average deposits	16,702,114			240,500			—			23,149			16,965,763


(1)	Global Commercial Bank’s and SVB Capital’s components of net interest income, noninterest income, noninterest expense and total average assets are shown net of noncontrolling interests for all periods presented.


(2)	The Global Commercial Bank segment includes direct depreciation and amortization of $5.0 million and $3.4 million for the three months ended March 31, 2013 and 2012, respectively.


(3)	The internal reporting model used by management to assess segment performance does not calculate income tax expense by segment. Our effective tax rate is a reasonable approximation of the segment rates.


(4)	Total average assets equals the greater of total average assets or the sum of total liabilities and total stockholders’ equity for each segment.

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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