Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2022

Our reportable segment information for the three months ended March 31, 2022 and 2021 is as follows:


(Dollars in millions)	Silicon Valley Bank (1)		SVB Private		SVB Capital (1)		SVB Securities (1)		Other Items (2)		Total
Three months ended March 31, 2022
Net interest income	$	854	$	81	$	—	$	—	$	147	$	1,082
(Provision for) reduction of credit losses	(7)		(1)		—		—		(3)		(11)
Noninterest income	212		25		65		121		94		517
Noninterest expense (3)	(397)		(94)		(20)		(134)		(228)		(873)
Income (loss) before income tax expense (4)	$	662	$	11	$	45	$	(13)	$	10	$	715
Total average loans, amortized cost	$	52,234	$	14,298	$	—	$	—	$	538	$	67,070
Total average assets (5) (6)	177,944		15,987		892		993		20,252		216,068
Total average deposits	175,424		14,416		—		—		878		190,718
Three months ended March 31, 2021
Net interest income (7)	$	611	$	35	$	—	$	—	$	14	$	660
(Provision for) reduction of credit losses	(45)		9		—		—		17		(19)
Noninterest income	159		1		69		170		345		744
Noninterest expense (3) (7)	(276)		(15)		(16)		(136)		(193)		(636)
Income before income tax expense (4) (7)	$	449	$	30	$	53	$	34	$	183	$	749
Total average loans, amortized cost (7)	$	38,221	$	6,043	$	—	$	—	$	2,017	$	46,281
Total average assets (5) (6) (7)	107,859		6,097		577		767		9,515		124,815
Total average deposits (7)	106,016		3,545		—		—		1,047		110,608

(1)Silicon Valley Bank’s, SVB Capital’s and SVB Securities'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 reportable 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 or losses on equity warrant assets, gains or losses on the sale of AFS securities and gains or losses 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 Silicon Valley Bank segment includes direct depreciation and amortization of $10 million and $7 million for the three months ended March 31, 2022 and 2021, 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 Securities is goodwill of $174 million and for Private Bank is goodwill of $201 million for the three months ended March 31, 2022 and included in the total average assets for SVB Securities is goodwill of $138 million for the three months ended March 31, 2021.

(7)For the three months ended March 31, 2021, prior period balances for our Premium Wine reporting division previously reported in "Silicon Valley Bank" have been allocated to the reportable segment “SVB Private” to properly reflect organizational changes effective January 1, 2022. The reallocation had no impact on the "Total" amount.