Off-Balance Sheet Arrangements, Guarantees and Other Commitments (Tables)

12 Months Ended

Dec. 31, 2018

Summary of Commercial and Standby Letters of Credit

The table below summarizes our commercial and standby letters of credit at December 31, 2018. The maximum potential amount of future payments represents the amount that could be remitted under letters of credit if there were a total default by the guaranteed parties, without consideration of possible recoveries under recourse provisions or from the collateral held or pledged.



(Dollars in thousands)	Expires In One Year or Less		Expires After One Year		Total Amount Outstanding		Maximum Amount of Future Payments
Financial standby letters of credit	$	2,043,767	$	33,570	$	2,077,337	$	2,077,337
Performance standby letters of credit	133,259		3,746		137,005		137,005
Commercial letters of credit	37,323		351		37,674		37,674
Total	$	2,214,349	$	37,667	$	2,252,016	$	2,252,016

Minimum Future Payments under Noncancelable Operating Leases

The following table presents minimum future payments under noncancelable operating leases as of December 31, 2018:



Year ended December 31, (Dollars in thousands)	Amount
2019	$	38,609
2020	37,575
2021	35,854
2022	31,659
2023	30,904
2024 and thereafter	49,071
Net minimum operating lease payments	$	223,672

Commitments to extend credit

Other Commitments [Line Items]

Summary Information Related to Commitments

The following table summarizes information related to our commitments to extend credit at December 31, 2018 and 2017, respectively:



	December 31,
(Dollars in thousands)	2018		2017
Loan commitments available for funding: (1)
Fixed interest rate commitments	$	1,839,190	$	1,478,157
Variable interest rate commitments	14,821,815		14,034,169
Total loan commitments available for funding	16,661,005		15,512,326
Commercial and standby letters of credit (2)	2,252,016		1,950,211
Total unfunded credit commitments	$	18,913,021	$	17,462,537
Commitments unavailable for funding (3)	$	2,723,835	$	2,117,057
Allowance for unfunded credit commitments (4)	55,183		51,770


(1)	Represents commitments which are available for funding, due to clients meeting all collateral, compliance and financial covenants required under loan commitment agreements.


(2)	See below for additional information on our commercial and standby letters of credit.


(3)	Represents commitments which are currently unavailable for funding due to clients failing to meet all collateral, compliance and financial covenants under loan commitment agreements.


(4)	Our allowance for unfunded credit commitments includes an allowance for both our unfunded loan commitments and our letters of credit.

Commitments to invest in venture capital and equity funds

Other Commitments [Line Items]

Summary Information Related to Commitments

The following table details our total capital commitments, unfunded capital commitments, and our ownership percentage in each fund at December 31, 2018:



(Dollars in thousands)	SVBFG Capital Commitments		SVBFG Unfunded Commitments		SVBFG Ownership of each Fund (3)
CP I, LP	$	6,000	$	270	10.7	%
CP II, LP (1)	1,200		162		5.1
Shanghai Yangpu Venture Capital Fund (LP)	843		—		6.8
Strategic Investors Fund, LP	15,300		688		12.6
Strategic Investors Fund II, LP	15,000		1,050		8.6
Strategic Investors Fund III, LP	15,000		1,275		5.9
Strategic Investors Fund IV, LP	12,239		2,325		5.0
Strategic Investors Fund V funds	515		131		Various
Capital Preferred Return Fund, LP	12,688		—		20.0
Growth Partners, LP	24,670		1,340		33.0
Debt funds (equity method accounting)	58,493		—		Various
Other fund investments (2)	295,722		8,011		Various
Total	$	457,670	$	15,252


(1)	Our ownership includes direct ownership of 1.3 percent and indirect ownership of 3.8 percent through our investment in Strategic Investors Fund II, LP.


(2)	Represents commitments to 216 funds (primarily venture capital funds) where our ownership interest is generally less than five percent of the voting interests of each such fund.


(3)	We are subject to the Volcker Rule which restricts or limits us from sponsoring or having ownership interests in “covered” funds including venture capital and private equity funds. See “Business - Supervision and Regulation” under Part I, Item 1 of this report.

The following table details the amounts of remaining unfunded commitments to venture capital and private equity funds by our consolidated managed funds of funds (including our interest and the noncontrolling interests) at December 31, 2018:



(Dollars in thousands)	Unfunded Commitments
Strategic Investors Fund, LP	$	1,338
Capital Preferred Return Fund, LP	1,936
Growth Partners, LP	2,575
Total	$	5,849