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Interim Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Assets:    
Cash and cash equivalents $ 14,202,106 $ 6,781,783
Available-for-sale securities, at fair value (cost of $17,800,589 and $13,894,348, respectively) 18,451,913 14,014,919
Held-to-maturity securities, at amortized cost and net of allowance for credit losses of $222 and $0 (fair value of $13,541,461 and $14,115,272, respectively) (1) [1] 12,858,823 13,842,946
Non-marketable and other equity securities 1,270,578 1,213,829
Total investment securities 32,581,314 29,071,694
Loans, amortized cost 36,727,222 33,164,636
Allowance for credit losses: loans (589,828) (304,924)
Net loans 36,137,394 32,859,712
Premises and equipment, net of accumulated depreciation and amortization 169,313 161,876
Goodwill 137,823 137,823
Other intangible assets, net 46,726 49,417
Lease right-of-use assets 215,319 197,365
Accrued interest receivable and other assets 2,240,990 1,745,233
Total assets 85,730,985 71,004,903
Liabilities:    
Noninterest-bearing demand deposits 49,160,880 40,841,570
Interest-bearing deposits 25,344,884 20,916,237
Total deposits 74,505,764 61,757,807
Short-term borrowings 50,924 17,430
Lease liabilities 239,357 218,847
Other liabilities 2,623,407 2,041,752
Long-term debt 843,220 347,987
Total liabilities 78,262,672 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; 51,740,714 shares and 51,655,607 shares issued and outstanding, respectively 52 52
Additional paid-in capital 1,522,728 1,470,071
Retained earnings 4,841,720 4,575,601
Accumulated other comprehensive income 614,735 84,445
Total SVBFG stockholders’ equity 7,319,373 6,470,307
Noncontrolling interests 148,940 150,773
Total equity 7,468,313 6,621,080
Total liabilities and total equity $ 85,730,985 $ 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.