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Segment Reporting (Tables)
 6 Months Ended
Jun. 30, 2019
Segment Reporting [Abstract]  
Segment Reporting
Our segment information for the three and six months ended June 30, 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 June 30, 2019
 
 
 
 
 
 
 
 
 
 
 
 
Net interest income
 
$
461,752

 
$
12,277

 
$
6

 
$
242

 
$
55,126

 
$
529,403

Provision for credit losses
 
(18,295
)
 
(853
)
 
—

 
—

 
(4,798
)
 
(23,946
)
Noninterest income
 
130,652

 
686

 
40,059

 
67,000

 
95,353

 
333,750

Noninterest expense (3)
 
(206,902
)
 
(9,526
)
 
(7,883
)
 
(61,935
)
 
(97,276
)
 
(383,522
)
Income before income tax expense (4)
 
$
367,207

 
$
2,584

 
$
32,182

 
$
5,307

 
$
48,405

 
$
455,685

Total average loans, net of unearned income
 
$
25,724,704

 
$
3,217,597

 
$
—

 
$
—

 
$
464,319

 
$
29,406,620

Total average assets (5) (6)
 
60,502,170

 
2,432,358

 
373,167

 
410,279

 
(3,017,488
)
 
60,700,486

Total average deposits
 
51,126,806

 
1,394,905

 
—

 
—

 
440,497

 
52,962,208

Three months ended June 30, 2018
 
 
 
 
 
 
 
 
 
 
 
 
Net interest income
 
$
409,057

 
$
15,600

 
$
9

 
$
—

 
$
41,777

 
$
466,443

Provision for credit losses
 
(27,356
)
 
(300
)
 
—

 
—

 
(1,424
)
 
(29,080
)
Noninterest income
 
111,674

 
565

 
29,389

 
—

 
51,061

 
192,689

Noninterest expense (3)
 
(196,992
)
 
(7,974
)
 
(5,666
)
 
—

 
(95,107
)
 
(305,739
)
Income (loss) before income tax expense (4)
 
$
296,383

 
$
7,891

 
$
23,732

 
$
—

 
$
(3,693
)
 
$
324,313

Total average loans, net of unearned income
 
$
21,714,870

 
$
2,777,617

 
$
—

 
$
—

 
$
366,016

 
$
24,858,503

Total average assets (5)
 
52,561,973

 
2,515,984

 
369,841

 
—

 
(1,027,152
)
 
54,420,646

Total average deposits
 
45,991,701

 
1,480,162

 
—

 
—

 
500,088

 
47,971,951

Six months ended June 30, 2019
 
 
 
 
 
 
 
 
 
 
 
 
Net interest income
 
$
907,628

 
$
24,258

 
$
12

 
$
684

 
$
109,707

 
$
1,042,289

(Provision for) reduction of credit losses
 
(45,100
)
 
131

 
—

 
—

 
(7,528
)
 
(52,497
)
Noninterest income
 
256,969

 
1,196

 
64,904

 
135,117

 
155,940

 
614,126

Noninterest expense (3)
 
(404,147
)
 
(18,378
)
 
(13,665
)
 
(122,475
)
 
(190,521
)
 
(749,186
)
Income before income tax expense (4)
 
$
715,350

 
$
7,207

 
$
51,251

 
$
13,326

 
$
67,598

 
$
854,732

Total average loans, net of unearned income
 
$
25,264,010

 
$
3,152,104

 
$
—

 
$
—

 
$
484,046

 
$
28,900,160

Total average assets (5) (6)
 
58,214,465

 
2,469,804

 
375,934

 
355,609

 
(2,292,578
)
 
59,123,234

Total average deposits
 
49,371,589

 
1,442,803

 
—

 
—

 
532,788

 
51,347,180

Six months ended June 30, 2018
 
 
 
 
 
 
 
 
 
 
 
 
Net interest income
 
$
778,924

 
$
31,847

 
$
16

 
$
—

 
$
75,519

 
$
886,306

Provision for credit losses
 
(52,630
)
 
(2,022
)
 
—

 
—

 
(2,400
)
 
(57,052
)
Noninterest income
 
209,560

 
1,072

 
59,363

 
—

 
78,212

 
348,207

Noninterest expense (3)
 
(382,251
)
 
(16,199
)
 
(10,712
)
 
—

 
(161,994
)
 
(571,156
)
Income (loss) before income tax expense (4)
 
$
553,603

 
$
14,698

 
$
48,667

 
$
—

 
$
(10,663
)
 
$
606,305

Total average loans, net of unearned income
 
$
21,199,897

 
$
2,722,444

 
$
—

 
$
—

 
$
413,421

 
$
24,335,762

Total average assets (5)
 
51,274,033

 
2,553,024

 
371,572

 
—

 
(799,013
)
 
53,399,616

Total average deposits
 
45,022,054

 
1,526,038

 
—

 
—

 
496,078

 
47,044,170

 
 
(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, gains or losses on the sale of fixed income investments and gains on 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 $4.8 million and $5.5 million for the three months ended June 30, 2019 and 2018, respectively, and $9.6 million and $11.0 million for the six months ended June 30, 2019 and 2018.
(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 $137.8 million for both the three and six months ended June 30, 2019 related to the acquisition effective January 4, 2019.