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Segment Reporting (Tables)
 3 Months Ended
Mar. 31, 2019
Segment Reporting [Abstract]  
Segment Reporting
Our segment information for the three months ended March 31, 2019 and 2018 is as follows:
(Dollars in thousands)
 
Global
Commercial
Bank (1)
 
SVB Private  
Bank
 
SVB Capital (1)  
 
SVB
Leerink (1)
 
Other Items (2)      
 
Total      
Three months ended March 31, 2019
 
 
 
 
 
 
 
 
 
 
 
 
Net interest income
 
$
445,876

 
$
11,981

 
$
6

 
$
442

 
$
54,581

 
$
512,886

(Provision for) reduction of credit losses
 
(26,805
)
 
984

 
—

 
—

 
(2,730
)
 
(28,551
)
Noninterest income
 
126,317

 
510

 
24,845

 
68,117

 
60,587

 
280,376

Noninterest expense (3)
 
(198,683
)
 
(7,414
)
 
(5,782
)
 
(60,540
)
 
(93,245
)
 
(365,664
)
Income before income tax expense (4)
 
$
346,705

 
$
6,061

 
$
19,069

 
$
8,019

 
$
19,193

 
$
399,047

Total average loans, net of unearned income
 
$
24,798,197

 
$
3,085,883

 
$
—

 
$
—

 
$
503,992

 
$
28,388,072

Total average assets (5) (6)
 
55,883,000

 
2,507,131

 
378,732

 
300,332

 
(1,540,758
)
 
57,528,437

Total average deposits
 
47,596,868

 
1,491,234

 
—

 
—

 
626,107

 
49,714,209

Three months ended March 31, 2018
 
 
 
 
 
 
 
 
 
 
 
 
Net interest income
 
$
369,867

 
$
16,247

 
$
7

 
$
—

 
$
33,742

 
$
419,863

Provision for credit losses
 
(25,274
)
 
(1,722
)
 
—

 
—

 
(976
)
 
(27,972
)
Noninterest income
 
98,792

 
507

 
28,910

 
—

 
27,309

 
155,518

Noninterest expense (3)
 
(186,891
)
 
(6,593
)
 
(5,046
)
 
—

 
(66,887
)
 
(265,417
)
Income (loss) before income tax expense (4)
 
$
256,494

 
$
8,439

 
$
23,871

 
$
—

 
$
(6,812
)
 
$
281,992

Total average loans, net of unearned income
 
$
20,679,202

 
$
2,666,658

 
$
—

 
$
—

 
$
461,352

 
$
23,807,212

Total average assets (5)
 
49,953,396

 
2,590,476

 
373,322

 
—

 
(549,952
)
 
52,367,242

Total average deposits
 
44,041,634

 
1,572,424

 
—

 
—

 
492,023

 
46,106,081

 
 
(1)
Global Commercial Bank’s, SVB Capital’s and SVB Leerink's components of net interest income, noninterest income, noninterest expense and total average assets are shown net of noncontrolling interests for all periods presented. Noncontrolling interest is included within “Other Items."
(2)
The “Other Items” column reflects the adjustments necessary to reconcile the results of the operating segments to the consolidated financial statements prepared in conformity with GAAP. Net interest income consists primarily of interest earned from our fixed income investment portfolio, net of FTP. Noninterest income consists primarily of gains on equity warrant assets and gains or losses on the sale of fixed income investments and equity securities from exercised warrant assets. Noninterest expense consists primarily of expenses associated with corporate support functions such as finance, human resources, marketing, legal and other expenses.
(3)
The Global Commercial Bank segment includes direct depreciation and amortization of $4.9 million and $5.5 million for the three months ended March 31, 2019 and 2018, respectively.
(4)
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.
(5)
Total average assets equal the greater of total average assets or the sum of total average liabilities and total average stockholders’ equity for each segment to reconcile the results to the consolidated financial statements prepared in conformity with GAAP.
(6)
Included in the total average assets for SVB Leerink is goodwill of $135.2 million for the three months ended March 31, 2019 related to the acquisition effective January 4, 2019.