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Off-Balance Sheet Arrangements, Guarantees and Other Commitments (Tables)
 3 Months Ended
Mar. 31, 2020
Disclosure Off Balance Sheet Arrangements Guarantees And Other Commitments Additional Information [Abstract]  
Summary Information Related to Commitments to Extend Credit (Excluding Letters of Credit)
The following table summarizes information related to our commitments to extend credit at March 31, 2020 and December 31, 2019:
(Dollars in thousands)
 
March 31, 2020
 
December 31, 2019
Loan commitments available for funding: (1)
 
 
 
 
Fixed interest rate commitments
 
$
433,254

 
$
2,434,042

Variable interest rate commitments
 
21,325,138

 
19,309,317

Total loan commitments available for funding
 
21,758,392

 
21,743,359

Commercial and standby letters of credit (2)
 
2,909,918

 
2,778,561

Total unfunded credit commitments
 
$
24,668,310

 
$
24,521,920

Commitments unavailable for funding (3)
 
$
2,312,967

 
$
3,051,075

Allowance for unfunded credit commitments (4)
 
84,690

 
67,656

 
 
(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 credit losses for unfunded credit commitments includes an allowance for both our unfunded loan commitments and our letters of credit.
Summary of Commercial and Standby Letters of Credit
The table below summarizes our commercial and standby letters of credit at March 31, 2020. 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
 
$
2,701,150

 
$
76,538

 
$
2,777,688

 
$
2,777,688

Performance standby letters of credit
 
105,359

 
17,406

 
122,765

 
122,765

Commercial letters of credit
 
9,369

 
96

 
9,465

 
9,465

Total
 
$
2,815,878

 
$
94,040

 
$
2,909,918

 
$
2,909,918
Total Capital Commitments, Unfunded Capital Commitments, and Ownership in Each Fund The following table details our total capital commitments, unfunded capital commitments, and our ownership percentage in each fund at March 31, 2020:
(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

Capital Preferred Return Fund, LP
 
12,688

 
—

 
20.0

Growth Partners, LP
 
24,670

 
1,340

 
33.0

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

Other venture capital and private equity fund investments (equity method accounting)
 
21,787

 
5,732

 
Various

Debt funds (equity method accounting)
 
58,493

 
—

 
Various

Other fund investments (2)
 
282,508

 
6,049

 
Various

Total
 
$
465,400

 
$
19,022

 
 
 
 
(1)
Our ownership includes direct ownership of 1.3 percent and indirect ownership interest of 3.8 percent through our investment in Strategic Investors Fund II, LP.
(2)
Represents commitments to 202 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 1, Item 1 of our 2019 Form 10-K.
Remaining Unfunded Commitments to Venture Capital or Private Equity Funds by Consolidated Managed Funds
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 March 31, 2020:
(Dollars in thousands)
 
Unfunded Commitments    
Strategic Investors Fund, LP
 
$
376

Capital Preferred Return Fund, LP
 
1,532

Growth Partners, LP
 
2,447

Total
 
$
4,355