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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Interest income:      
Loans $ 389,830 $ 319,540 $ 335,806
Available-for-sale securities:      
Taxable 165,449 127,422 81,536
Non-taxable 3,623 3,809 4,094
Federal funds sold, securities purchased under agreements to resell and other short-term investment securities 6,486 10,960 9,790
Total interest income 565,388 461,731 431,226
Interest expense:      
Deposits 8,862 14,778 21,346
Borrowings 30,249 28,818 27,730
Total interest expense 39,111 43,596 49,076
Net interest income 526,277 418,135 382,150
Provision for loan losses 6,101 44,628 90,180
Net interest income after provision for loan losses 520,176 373,507 291,970
Noninterest income:      
Gains (losses) on investment securities, net 195,034 93,360 (31,209)
Foreign exchange fees 43,891 36,150 30,735
Gains (losses) on derivative instruments, net 38,681 9,522 (753)
Deposit service charges 31,208 31,669 27,663
Credit card fees 18,741 12,685 9,314
Client investment fees 12,421 18,020 21,699
Letters of credit and standby letters of credit fees 12,201 10,482 10,333
Other 30,155 35,642 29,961
Total noninterest income 382,332 247,530 97,743
Noninterest expense:      
Compensation and benefits 313,043 248,606 189,631
Professional services 60,807 56,123 46,540
Premises and equipment 28,335 23,023 23,270
Business development and travel 24,250 20,237 14,014
Net occupancy 19,624 19,378 17,888
FDIC assessments 10,298 16,498 17,035
Correspondent bank fees 9,052 8,379 8,040
Provision for (reduction of) unfunded credit commitments 4,397 4,083 (1,367)
Impairment of goodwill     4,092
Other 30,822 26,491 24,723
Total noninterest expense 500,628 [1] 422,818 [1] 343,866
Income (loss) before income tax expense 401,880 [2] 198,219 [2] 45,847 [2]
Income tax expense 119,087 61,402 35,207
Net income before noncontrolling interests 282,793 136,817 10,640
Net (income) loss attributable to noncontrolling interests (110,891) (41,866) 37,370
Net income attributable to SVBFG 171,902 94,951 48,010
Preferred stock dividend and discount accretion     (25,336)
Net income available to common stockholders $ 171,902 $ 94,951 $ 22,674
Earnings per common share-basic $ 4.00 $ 2.27 $ 0.67
Earnings per common share-diluted $ 3.94 $ 2.24 $ 0.66
[1] The Global Commercial Bank segment includes direct depreciation and amortization of $12.2 million, $9.7 million and $9.9 million in 2011, 2010 and 2009, respectively.
[2] The internal reporting model used by management to assess segment performance does not calculate tax expense by segment. Our effective tax rate is a reasonable approximation of the segment rates.