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Interim Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Assets:    
Cash and cash equivalents $ 9,561,448 $ 6,781,783
Available-for-sale securities, at fair value (cost of $12,044,717 and $13,894,348, respectively) 12,648,064 14,014,919
Held-to-maturity securities, at amortized cost and net of allowance for credit losses of $230 and $0 (fair value of $14,131,154 and $14,115,272, respectively) (1) [1] 13,574,289 13,842,946
Non-marketable and other equity securities 1,200,595 1,213,829
Total investment securities 27,422,948 29,071,694
Loans, amortized cost 35,968,085 33,164,636
Allowance for credit losses: loans (548,963) (304,924)
Net loans 35,419,122 32,859,712
Premises and equipment, net of accumulated depreciation and amortization 154,780 161,876
Goodwill 137,823 137,823
Other intangible assets, net 48,072 49,417
Lease right-of-use assets 206,392 197,365
Accrued interest receivable and other assets 2,059,055 1,745,233
Total assets 75,009,640 71,004,903
Liabilities:    
Noninterest-bearing demand deposits 42,902,200 40,841,570
Interest-bearing deposits 19,009,757 20,916,237
Total deposits 61,911,957 61,757,807
Short-term borrowings 3,138,162 17,430
Lease liabilities 227,271 218,847
Other liabilities 2,200,953 2,041,752
Long-term debt 348,076 347,987
Total liabilities 67,826,419 64,383,823
Commitments and contingencies (Note 15 and Note 18)
SVBFG stockholders’ equity:    
Preferred stock, $0.001 par value, 20,000,000 shares authorized; 350,000 shares issued and outstanding 340,138 340,138
Common stock, $0.001 par value, 150,000,000 shares authorized; 51,490,342 shares and 51,655,607 shares issued and outstanding, respectively 52 52
Additional paid-in capital 1,489,240 1,470,071
Retained earnings 4,612,785 4,575,601
Accumulated other comprehensive income 592,534 84,445
Total SVBFG stockholders’ equity 7,034,749 6,470,307
Noncontrolling interests 148,472 150,773
Total equity 7,183,221 6,621,080
Total liabilities and total equity $ 75,009,640 $ 71,004,903
[1]
Prior to our adoption of Accounting Standard Update (ASU 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments) on January 1, 2020, the allowance for credit losses (ACL) related to held-to-maturity (HTM) securities was not applicable and is therefore presented as $0 at December 31, 2019. See "Adoption of New Accounting Standards" in Note 1 — “Basis of Presentation” of the “Notes to Interim Consolidated Financial Statements (unaudited)” under Part I, Item 1 of this report for additional details.