10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2012

OR

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from          to         .

Commission File Number: 000-15637

SVB FINANCIAL GROUP

(Exact name of registrant as specified in its charter)

Delaware	91-1962278
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

3003 Tasman Drive, Santa Clara, California	95054-1191
(Address of principal executive offices)	(Zip Code)

(408) 654-7400

(Registrant’s telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    No  ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  x    No  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer  x    Accelerated filer  ¨    Non-accelerated filer  ¨    Smaller reporting company  ¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  ¨    No  x

At July 31, 2012, 44,410,239 shares of the registrant’s common stock ($0.001 par value) were outstanding.

TABLE OF CONTENTS

		Page
PART I - FINANCIAL INFORMATION			4
Item 1.	Interim Consolidated Financial Statements (unaudited)		4
	Interim Consolidated Balance Sheets (unaudited) as of June 30, 2012 and December 31, 2011		4
	Interim Consolidated Statements of Income (unaudited) for the three and six months ended June 30, 2012 and 2011		5
	Interim Consolidated Statements of Comprehensive Income (unaudited) for the three and six months ended June 30, 2012 and 2011		6
	Interim Consolidated Statements of Stockholders’ Equity (unaudited) for the six months ended June 30, 2012 and 2011		7
	Interim Consolidated Statements of Cash Flows (unaudited) for the six months ended June 30, 2012 and 2011		8
	Notes to Interim Consolidated Financial Statements (unaudited)		9
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations		42
Item 3.	Quantitative and Qualitative Disclosures about Market Risk		74
Item 4.	Controls and Procedures		75
PART II - OTHER INFORMATION			76
Item 1.	Legal Proceedings		76
Item 1A.	Risk Factors		76
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds		76
Item 3.	Defaults Upon Senior Securities		76
Item 4.	Mine Safety Disclosures		76
Item 5.	Other Information		76
Item 6.	Exhibits		76
SIGNATURES			77
INDEX TO EXHIBITS			78

2

Glossary of Acronyms used in this Report

AICPA – American Institute of Certified Public Accountants

ASC — Accounting Standards Codification

ASU – Accounting Standards Update

EHOP – Employee Home Ownership Program of the Company

EPS – Earnings per share

ESOP – Employee Stock Ownership Plan of the Company

ESPP – 1999 Employee Stock Purchase Plan of the Company

FASB – Financial Accounting Standards Board

FDIC – Federal Deposit Insurance Corporation

FHLB – Federal Home Loan Bank

FRB – Federal Reserve Bank

GAAP - Accounting principles generally accepted in the United States of America

IASB – International Accounting Standards Board

IFRS – International Financial Reporting Standards

IPO – Initial public offering

IRS – Internal Revenue Service

IT – Information technology

LIBOR – London Interbank Offered Rate

M&A – Merger and acquisition

OTTI – Other than temporary impairment

SEC – Securities and Exchange Commission

TDR – Troubled debt restructuring

UK – United Kingdom

VIE – Variable interest entity

3

PART I - FINANCIAL INFORMATION

ITEM 1.        INTERIM CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

SVB FINANCIAL GROUP AND SUBSIDIARIES

INTERIM CONSOLIDATED BALANCE SHEETS (UNAUDITED)

(Dollars in thousands, except par value and share data)	June 30,     2012		December 31,   2011
Assets
Cash and cash equivalents	$	1,411,725	$	1,114,948
Available-for-sale securities		10,620,951		10,536,046
Non-marketable securities		1,132,312		1,004,440
Investment securities		11,753,263		11,540,486
Loans, net of unearned income		7,789,752		6,970,082
Allowance for loan losses		(98,166)		(89,947)
Net loans		7,691,586		6,880,135
Premises and equipment, net of accumulated depreciation and amortization		64,773		56,471
Accrued interest receivable and other assets		368,425		376,854
Total assets	$	21,289,772	$	19,968,894
Liabilities and total equity
Liabilities:
Noninterest-bearing demand deposits	$	12,842,250	$	11,861,888
Interest-bearing deposits		5,226,562		4,847,648
Total deposits		18,068,812		16,709,536
Short-term borrowings		5,880		-
Other liabilities		312,523		405,321
Long-term debt		458,232		603,648
Total liabilities		18,845,447		17,718,505
Commitments and contingencies (Note 11 and Note 14)
SVBFG stockholders’ equity:
Preferred stock, $0.001 par value, 20,000,000 shares authorized; no shares issued and outstanding		-		-
Common stock, $0.001 par value, 150,000,000 shares authorized; 44,402,954 shares and 43,507,932 shares outstanding, respectively		44		44
Additional paid-in capital		529,113		484,216
Retained earnings		1,082,126		999,733
Accumulated other comprehensive income		104,077		85,399
Total SVBFG stockholders’ equity		1,715,360		1,569,392
Noncontrolling interests		728,965		680,997
Total equity		2,444,325		2,250,389
Total liabilities and total equity	$	21,289,772	$	19,968,894

See accompanying notes to interim consolidated financial statements (unaudited).

4

SVB FINANCIAL GROUP AND SUBSIDIARIES

INTERIM CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)

	Three months ended June 30,				Six months ended June 30,
(Dollars in thousands, except per share amounts)	2012		2011		2012		2011
Interest income:
Loans	$	113,935	$	93,466	$	223,396	$	183,242
Available-for-sale securities:
Taxable		44,072		44,217		91,447		85,599
Non-taxable		899		883		1,799		1,824
Federal funds sold, securities purchased under agreements to resell and other short-term investment securities		912		1,595		1,950		3,597
Total interest income		159,818		140,161		318,592		274,262
Interest expense:
Deposits		1,614		2,559		3,095		5,664
Borrowings		6,270		7,149		12,626		17,846
Total interest expense		7,884		9,708		15,721		23,510
Net interest income		151,934		130,453		302,871		250,752
Provision for (reduction of) loan losses		7,999		134		22,528		(2,913)
Net interest income after provision for loan losses		143,935		130,319		280,343		253,665
Noninterest income:
Gains on investment securities, net		25,809		71,680		33,648		123,017
Foreign exchange fees		12,031		10,354		24,134		20,851
Deposit service charges		8,369		7,838		16,465		14,955
Gains on derivative instruments, net		8,713		13,651		14,689		14,202
Credit card fees		6,169		4,364		11,837		8,181
Letters of credit and standby letters of credit income		3,296		2,702		6,932		5,412
Client investment fees		3,375		3,107		6,272		6,768
Other		12,664		10,012		25,742		20,276
Total noninterest income		80,426		123,708		139,719		213,662
Noninterest expense:
Compensation and benefits		80,385		79,888		164,122		155,520
Professional services		16,514		13,891		31,121		26,878
Premises and equipment		9,419		6,440		16,983		12,352
Business development and travel		7,159		5,890		14,905		11,543
Net occupancy		5,378		4,546		11,001		9,196
Correspondent bank fees		2,840		2,202		5,528		4,365
FDIC assessments		2,731		2,163		5,229		5,638
Provision for unfunded credit commitments		1,922		976		1,664		76
Other		9,418		5,036		17,225		12,899
Total noninterest expense		135,766		121,032		267,778		238,467
Income before income tax expense		88,595		132,995		152,284		228,860
Income tax expense		31,517		43,263		55,273		66,033
Net income before noncontrolling interests		57,078		89,732		97,011		162,827
Net income attributable to noncontrolling interests		(9,475)		(23,982)		(14,618)		(64,070)
Net income available to common stockholders	$	47,603	$	65,750	$	82,393	$	98,757
Earnings per common share—basic	$	1.08	$	1.53	$	1.87	$	2.31
Earnings per common share—diluted		1.06		1.50		1.85		2.27

See accompanying notes to interim consolidated financial statements (unaudited).

5

SVB FINANCIAL GROUP AND SUBSIDIARIES

INTERIM CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)

	Three months ended June 30,				Six months ended June 30,
(Dollars in thousands)	2012		2011		2012		2011
Net income before noncontrolling interests	$	57,078	$	89,732	$	97,011	$	162,827
Other comprehensive income (loss), net of tax:
Change in cumulative translation gains:
Foreign currency translation (losses) gains		(4,657)		926		(2,185)		1,891
Related tax benefit (expense)		1,889		(379)		876		(774)
Change in unrealized gains on available-for-sale securities:
Unrealized holding gains		33,766		100,836		37,035		74,677
Related tax expense		(13,482)		(41,252)		(14,817)		(30,529)
Reclassification adjustment for gains included in net income		(4,567)		(37,221)		(3,693)		(37,283)
Related tax expense		1,819		15,227		1,462		15,252
Other comprehensive income, net of tax		14,768		38,137		18,678		23,234
Comprehensive income		71,846		127,869		115,689		186,061
Comprehensive income attributable to noncontrolling interests		(9,475)		(23,982)		(14,618)		(64,070)
Comprehensive income attributable to SVBFG	$	62,371	$	103,887	$	101,071	$	121,991

See accompanying notes to interim consolidated financial statements (unaudited).

6

SVB FINANCIAL GROUP AND SUBSIDIARIES

INTERIM CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (UNAUDITED)

	Common Stock				Additional Paid-in		Retained		Accumulated Other Comprehensive		Total SVBFG Stockholders’		Noncontrolling
(Dollars in thousands)	Shares		Amount		Capital		Earnings		Income		Equity		Interests		Total Equity
Balance at December 31, 2010		42,268,201	$	42	$	422,334	$	827,831	$	24,143	$	1,274,350	$	473,928	$	1,748,278
Common stock issued under employee benefit plans, net of restricted stock cancellations		866,984		1		26,129		-		-		26,130		-		26,130
Common stock issued upon settlement of 3.875% Convertible Notes, net of shares received from associated convertible note hedge		1,024		-		-		-		-		-		-		-
Income tax benefit from stock options exercised, vesting of restricted stock and other		-		-		5,563		-		-		5,563		-		5,563
Net income		-		-		-		98,757		-		98,757		64,070		162,827
Capital calls and distributions, net		-		-		-		-		-		-		41,160		41,160
Net change in unrealized gains on available-for-sale securities, net of tax		-		-		-		-		22,117		22,117		-		22,117
Foreign currency translation adjustments, net of tax		-		-		-		-		1,117		1,117		-		1,117
Share-based compensation expense		-		-		8,859		-		-		8,859		-		8,859
Balance at June 30, 2011		43,136,209	$	43	$	462,885	$	926,588	$	47,377	$	1,436,893	$	579,158	$	2,016,051
Balance at December 31, 2011		43,507,932	$	44	$	484,216	$	999,733	$	85,399	$	1,569,392	$	680,997	$	2,250,389
Common stock issued under employee benefit plans, net of restricted stock cancellations		821,462		-		24,303		-		-		24,303		-		24,303
Common stock issued under ESOP		73,560		-		4,345		-		-		4,345		-		4,345
Income tax benefit from stock options exercised, vesting of restricted stock and other		-		-		5,323		-		-		5,323		-		5,323
Net income		-		-		-		82,393		-		82,393		14,618		97,011
Capital calls and distributions, net		-		-		-		-		-		-		33,350		33,350
Net change in unrealized gains on available-for-sale securities, net of tax		-		-		-		-		19,987		19,987		-		19,987
Foreign currency translation adjustments, net of tax		-		-		-		-		(1,309)		(1,309)		-		(1,309)
Share-based compensation expense		-		-		10,926		-		-		10,926		-		10,926
Balance at June 30, 2012		44,402,954	$	44	$	529,113	$	1,082,126	$	104,077	$	1,715,360	$	728,965	$	2,444,325

See accompanying notes to interim consolidated financial statements (unaudited).

7

SVB FINANCIAL GROUP AND SUBSIDIARIES

INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

	Six months ended June 30,
(Dollars in thousands)	2012		2011
Cash flows from operating activities:
Net income before noncontrolling interests	$	97,011	$	162,827
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for (reduction of) loan losses		22,528		(2,913)
Provision for unfunded credit commitments		1,664		76
Changes in fair values of derivatives, net		(11,024)		(13,211)
Gains on investment securities, net		(33,648)		(123,017)
Depreciation and amortization		13,594		13,834
Amortization of premiums and discounts on available-for-sale securities, net		25,273		8,904
Tax benefit from stock exercises		1,143		759
Amortization of share-based compensation		10,977		8,949
Amortization of deferred loan fees		(32,881)		(28,458)
Deferred income tax expense		5,876		2,423
Gain on the sale of certain assets related to our equity services management business		(4,243)		-
Net gain from note repurchases and termination of corresponding interest rate swaps		-		(3,123)
Changes in other assets and liabilities:
Accrued interest receivable and payable, net		(4,444)		(8,348)
Accounts receivable and payable, net		22,886		78,593
Income tax payable and receivable, net		(15,715)		3,854
Prepaid FDIC assessments and amortization		5,065		5,082
Accrued compensation		(60,192)		(12,535)
Foreign exchange spot contracts, net		(43,405)		65,536
Other, net		(6,567)		12,574
Net cash (used for) provided by operating activities		(6,102)		171,806
Cash flows from investing activities:
Purchases of available-for-sale securities		(1,778,451)		(4,334,481)
Proceeds from sales of available-for-sale securities		325,608		1,414,096
Proceeds from maturities and pay downs of available-for-sale securities		1,380,865		1,322,555
Purchases of nonmarketable securities (cost and equity method accounting)		(101,506)		(28,355)
Proceeds from sales of nonmarketable securities (cost and equity method accounting)		23,267		13,888
Purchases of nonmarketable securities (fair value accounting)		(63,017)		(82,574)
Proceeds from sales and distributions of nonmarketable securities (fair value accounting)		59,711		45,855
Net increase in loans		(817,601)		(449,114)
Proceeds from recoveries of charged-off loans		6,811		11,056
Purchases of premises and equipment		(20,016)		(12,843)
Proceeds from the sale of certain assets related to our equity services management business		2,870		-
Net cash used for investing activities		(981,459)		(2,099,917)
Cash flows from financing activities:
Net increase in deposits		1,359,276		1,941,533
Increase (decrease) in short-term borrowings		5,880		(37,245)
Principal payments of other long term debt		(1,222)		-
Capital contributions from noncontrolling interests, net of distributions		33,350		41,160
Tax benefit from stock exercises		4,180		4,804
Proceeds from issuance of common stock and ESPP		24,303		26,130
Principal payments of 5.70% Senior Notes		(141,429)		-
Payments for repurchases of portions of 5.70% Senior Notes and 6.05% Subordinated Notes, including repurchase premiums and associated fees		-		(346,443)
Proceeds from termination of portions of interest rate swaps associated with 5.70% Senior Notes and 6.05% Subordinated Notes		-		36,959
Payments for settlement of 3.875% Convertible Notes		-		(250,000)
Net cash provided by financing activities		1,284,338		1,416,898
Net increase (decrease) in cash and cash equivalents		296,777		(511,213)
Cash and cash equivalents at beginning of period		1,114,948		3,076,432
Cash and cash equivalents at end of period	$	1,411,725	$	2,565,219
Supplemental disclosures:
Cash paid during the period for:
Interest	$	15,913	$	25,625
Income taxes		58,992		53,336
Noncash items during the period:
Unrealized gains (losses) on available-for-sale securities, net of tax	$	19,987	$	22,117

See accompanying notes to interim consolidated financial statements (unaudited).

8

SVB FINANCIAL GROUP AND SUBSIDIARIES

NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

1. Basis of Presentation

SVB Financial Group is a diversified financial services company, as well as a bank holding company and financial holding company. SVB Financial was incorporated in the state of Delaware in March 1999. Through our various subsidiaries and divisions, we offer a variety of banking and financial products and services to support our clients of all sizes and stages throughout their life cycles. In these notes to our consolidated financial statements, when we refer to “SVB Financial Group,” “SVBFG”, the “Company,” “we,” “our,” “us” or use similar words, we mean SVB Financial Group and all of its subsidiaries collectively, including Silicon Valley Bank (the “Bank”), unless the context requires otherwise. When we refer to “SVB Financial” or the “Parent” we are referring only to the parent company, SVB Financial Group, unless the context requires otherwise.

The accompanying unaudited interim consolidated financial statements reflect all adjustments of a normal and recurring nature that are, in the opinion of management, necessary to fairly present our financial position, results of operations and cash flows in accordance with GAAP. Such interim consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q pursuant to the rules and regulations of the SEC. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. The results of operations for the three and six months ended June 30, 2012 are not necessarily indicative of results to be expected for any future periods. These interim consolidated financial statements should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2011 (“2011 Form 10-K”).

The accompanying unaudited interim consolidated financial statements have been prepared on a consistent basis with the accounting policies described in Consolidated Financial Statements and Supplementary Data—Note 2—“Summary of Significant Accounting Policies” under Part II, Item 8 of our 2011 Form 10-K.

The preparation of unaudited interim consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Estimates may change as new information is obtained. Significant items that are subject to such estimates include measurements of fair value, the valuation of non-marketable securities, the valuation of equity warrant assets, the adequacy of the allowance for loan losses and reserve for unfunded credit commitments, and the recognition and measurement of income tax assets and liabilities.

Principles of Consolidation and Presentation

Our consolidated financial statements include the accounts of SVB Financial Group and entities in which we have a controlling financial interest. We determine whether we have a controlling financial interest in an entity by evaluating whether the entity is a voting interest entity or a variable interest entity and whether the accounting guidance requires consolidation. All significant intercompany accounts and transactions have been eliminated.

Voting interest entities are entities that have sufficient equity and provide the equity investors voting rights that enable them to make significant decisions relating to the entity’s operations. For these types of entities, the Company’s determination of whether it has a controlling interest is based on ownership of the majority of the entities’ voting equity interest or through control of management of the entities.

VIEs are entities that, by design, either (1) lack sufficient equity to permit the entity to finance its activities without additional subordinated financial support from other parties, or (2) have equity investors that do not have the ability to make significant decisions relating to the entity’s operations through voting rights, or do not have the obligation to absorb the expected losses, or do not have the right to receive the residual returns of the entity. We determine whether we have a controlling financial interest in a VIE by considering whether our involvement with the VIE is significant and designates us as the primary beneficiary based on the following:

1. We have the power to direct the activities of the VIE that most significantly impact the entity’s economic performance;

2. The aggregate indirect and direct variable interests held by the Company have the obligation to absorb losses or the right to receive benefits from the entity that could be significant to the VIE; and,

3. Qualitative and quantitative factors regarding the nature, size, and form of our involvement with the VIE.

Voting interest entities in which we have a controlling financial interest or VIEs in which we are the primary beneficiary are consolidated into our financial statements.

9

We have not provided financial or other support during the periods presented to any VIE that we were not previously contractually required to provide. We are variable interest holders in certain partnerships for which we are the primary beneficiary. We perform on-going reassessments on the status of the entities and whether facts or circumstances have changed in relation to previously evaluated voting interest entities and our involvement in VIEs which could cause our consolidation conclusion to change.

Impact of Adopting ASU No. 2011-04, Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRS

In May 2011, the FASB issued a new accounting standard which requires new disclosures and clarifies existing guidance surrounding fair value measurement. This standard was issued concurrently with the IASB’s issuance of a fair value measurement standard with the objective of a converged definition of fair value measurement and disclosure guidance. The new guidance clarified that the principal market for a financial instrument should be determined based on the market with the greatest volume and level of activity. This new guidance was effective on a prospective basis for interim and annual reporting periods beginning after December 15, 2011, and was therefore adopted effective January 1, 2012. This standard clarified how fair value is measured and increased the disclosure requirements for fair value measurements, and did not have a material impact on our financial position, results of operations or stockholders’ equity. See Note 13 – “Fair Value of Financial Instruments” for further details.

Impact of Adopting ASU No. 2011-05, Presentation of Comprehensive Income

In June 2011, the FASB issued a new accounting standard, which requires presentation of the components of total comprehensive income in either a single continuous statement of comprehensive income or in two separate but consecutive statements. Regardless of which option is chosen, reclassification adjustments for items that are reclassified from other comprehensive income to net income are required to be shown on the face of the financial statements. In December 2011, the FASB approved a proposed update, which indefinitely defers the requirements of ASU No. 2011-05 to present components of reclassifications of other comprehensive income on the face of the income statement. This new guidance did not change the items that must be reported in other comprehensive income or when an item of other comprehensive income must be reclassified to net income. The guidance was effective on a retrospective basis for the interim and annual reporting periods beginning after December 15, 2011, and was therefore adopted effective January 1, 2012. This standard only clarified the presentation of comprehensive income and did not affect our financial position, results of operations or stockholders’ equity.

Recent Accounting Pronouncements

In December 2011, the FASB issued a new accounting standard (ASU No. 2011-11, Disclosures about Offsetting Assets and Liabilities), which requires new disclosures surrounding financial instruments and derivative instruments that are offset on the statement of financial position, or are eligible for offset subject to a master netting arrangement. This standard was issued concurrent with the IASB’s issuance of a similar standard with the objective of converged disclosure guidance. The guidance is effective on a retrospective basis for the interim and annual reporting periods beginning after January 1, 2013. We are currently assessing the impact of this guidance, however we do not expect it to have a material impact on our financial position, results of operations or stockholders’ equity.

Reclassifications

Certain prior period amounts have been reclassified to conform to the current period presentations.

2. Stockholders’ Equity and EPS

EPS

Basic EPS is the amount of earnings available to each share of common stock outstanding during the reporting period. Diluted EPS is the amount of earnings available to each share of common stock outstanding during the reporting period adjusted to include the effect of potentially dilutive common shares. Potentially dilutive common shares include incremental shares issued for stock options and restricted stock units outstanding under our equity incentive plans, our ESPP, and for certain prior periods, our 3.875% convertible senior notes (“3.875% Convertible Notes”). Potentially dilutive common shares are excluded from the computation of dilutive EPS in periods in which the effect would be antidilutive. The following is a reconciliation of basic EPS to diluted EPS for the three and six months ended June 30, 2012 and 2011:

	Three months ended June 30,				Six months ended June 30,
(Dollars and shares in thousands,  except per share amounts)	2012		2011		2012		2011
Numerator:
Net income available to common stockholders	$	47,603	$	65,750	$	82,393	$	98,757
Denominator:
Weighted average common shares outstanding-basic		44,207		42,924		43,994		42,704
Weighted average effect of dilutive securities:
Stock options and ESPP		385		654		426		678
Restricted stock units		120		101		153		100
3.875% Convertible Notes (1)		-		61		-		77
Denominator for diluted calculation		44,712		43,740		44,573		43,559
Earnings per common share:
Basic	$	1.08	$	1.53	$	1.87	$	2.31
Diluted	$	1.06	$	1.50	$	1.85	$	2.27

(1) Our $250 million 3.875% Convertible Notes matured on April 15, 2011.

10

The following table summarizes the weighted-average common shares excluded from the diluted EPS calculation as they were deemed to be antidilutive for the three and six months ended June 30, 2012 and 2011:

	Three months ended June 30,				Six months ended June 30,
(Shares in thousands)	2012		2011		2012		2011
Stock options		683		582		574		574
Restricted stock units		189		158		94		99
Total		872		740		668		673

3. Share-Based Compensation

For the three and six months ended June 30, 2012 and 2011, we recorded share-based compensation and related tax benefits as follows:

	Three months ended June 30,				Six months ended June 30,
(Dollars in thousands)	2012		2011		2012		2011
Share-based compensation expense	$	5,828	$	4,706	$	10,977	$	8,949
Income tax benefit related to share-based compensation expense		(1,489)		(1,243)		(2,688)		(2,276)

Unrecognized Compensation Expense

As of June 30, 2012, unrecognized share-based compensation expense was as follows:

(Dollars in thousands)	Unrecognized   Expense		Average Expected Recognition   Period - in Years
Stock options	$	19,129		3.00
Restricted stock units		29,706		2.99
Total unrecognized share-based compensation expense	$	48,835

11

Share-Based Payment Award Activity

The table below provides stock option information related to the 1997 Equity Incentive Plan and the 2006 Equity Incentive Plan for the six months ended June 30, 2012:

	Options		Weighted Average  Exercise Price		Weighted Average Remaining Contractual   Life in Years		Aggregate   Intrinsic Value   of In-The- Money Options
Outstanding at December 31, 2011		2,439,360	$	42.64
Granted		387,793		64.02
Exercised		(576,461)		36.26
Forfeited		(36,629)		45.86
Expired		(4,568)		42.50
Outstanding at June 30, 2012		2,209,495		48.00		4.26		$ 26,284,468
Vested and expected to vest at June 30, 2012		2,106,562		47.53		4.17		25,861,593
Exercisable at June 30, 2012		1,159,056		43.06		2.93		18,281,444

The aggregate intrinsic value of outstanding options shown in the table above represents the pretax intrinsic value based on our closing stock price of $58.72 as of June 30, 2012. The total intrinsic value of options exercised during the three and six months ended June 30, 2012 was $1.8 million and $13.7 million, respectively, compared to $6.9 million and $15.8 million for the comparable 2011 periods.

The table below provides information for restricted stock units under the 2006 Equity Incentive Plan for the six months ended June 30, 2012:

	Shares		Weighted Average     Grant Date Fair     Value
Nonvested at December 31, 2011		499,119	$	52.72
Granted		309,840		63.89
Vested		(140,550)		51.46
Forfeited		(18,574)		54.73
Nonvested at June 30, 2012		649,835		58.27

4. Cash and Cash Equivalents

The following table details our cash and cash equivalents at June 30, 2012 and December 31, 2011:

(Dollars in thousands)	June 30, 2012		December 31, 2011
Cash and due from banks (1)	$	1,224,552	$	852,010
Securities purchased under agreements to resell (2)		100,787		175,553
Other short-term investment securities		86,386		87,385
Total cash and cash equivalents	$	1,411,725	$	1,114,948

(1) At June 30, 2012 and December 31, 2011, $662.4 million and $100.1 million, respectively, of our cash and due from banks was deposited at the FRB and was earning interest at the Federal Funds target rate, and interest-earning deposits in other financial institutions were $265.8 million and $371.5 million, respectively.

(2) At June 30, 2012 and December 31, 2011, securities purchased under agreements to resell were collateralized by U.S. treasury securities and U.S. agency securities with aggregate fair values of $102.8 million and $179.1 million, respectively. None of these securities received as collateral were sold or repledged as of June 30, 2012 and December 31, 2011.

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5. Investment Securities

Our investment securities portfolio consists of both an available-for-sale securities portfolio, which represents interest-earning investment securities, and a non-marketable securities portfolio, which primarily represents investments managed as part of our funds management business.

The major components of our investment securities portfolio at June 30, 2012 and December 31, 2011 are as follows:

	June 30, 2012								December 31, 2011
(Dollars in thousands)	Amortized Cost		Unrealized Gains		Unrealized Losses		Carrying Value		Amortized Cost		Unrealized Gains		Unrealized Losses		Carrying Value
Available-for-sale securities, at fair value:
U.S. treasury securities	$	25,146	$	453	$	-	$	25,599	$	25,233	$	731	$	-	$	25,964
U.S. agency debentures		2,571,796		68,328		-		2,640,124		2,822,158		52,864		(90)		2,874,932
Residential mortgage-backed securities:
Agency-issued mortgage-backed securities		1,668,523		45,276		-		1,713,799		1,529,466		34,926		(106)		1,564,286
Agency-issued collateralized mortgage obligations—fixed rate		3,751,327		54,283		(1,399)		3,804,211		3,317,285		56,546		(71)		3,373,760
Agency-issued collateralized mortgage obligations—variable rate		2,103,451		5,081		(83)		2,108,449		2,416,158		1,554		(4,334)		2,413,378
Agency-issued commercial mortgage-backed securities		223,200		4,880		-		228,080		176,646		2,047		-		178,693
Municipal bonds and notes		91,659		8,035		-		99,694		92,241		8,257		-		100,498
Equity securities		1,352		26		(383)		995		5,554		180		(1,199)		4,535
Total available-for-sale securities	$	10,436,454	$	186,362	$	(1,865)	$	10,620,951	$	10,384,741	$	157,105	$	(5,800)	$	10,536,046
Non-marketable securities:
Non-marketable securities (fair value accounting):
Venture capital and private equity fund investments (1)								639,596								611,824
Other venture capital investments (2)								120,111								124,121
Other investments (3)								-								987
Non-marketable securities (equity method accounting):
Other investments (4)								138,993								68,252
Low income housing tax credit funds								58,698								34,894
Non-marketable securities (cost method accounting):
Venture capital and private equity fund investments (5)								153,618								145,007
Other investments								21,296								19,355
Total non-marketable securities								1,132,312								1,004,440
Total investment securities							$	11,753,263							$	11,540,486

(1) The following table shows the amount of venture capital and private equity fund investments by the following consolidated funds and our ownership of each fund at June 30, 2012 and December 31, 2011:

	June 30, 2012					December 31, 2011
(Dollars in thousands)	Amount		Ownership %			Amount		Ownership %
SVB Strategic Investors Fund, LP	$	36,694		12.6	%	$	39,567		12.6	%
SVB Strategic Investors Fund II, LP		109,343		8.6			122,619		8.6
SVB Strategic Investors Fund III, LP		213,405		5.9			218,429		5.9
SVB Strategic Investors Fund IV, LP		146,477		5.0			122,076		5.0
Strategic Investors Fund V, LP		18,134		0.2			8,838		0.3
SVB Capital Preferred Return Fund, LP		50,573		20.0			42,580		20.0
SVB Capital—NT Growth Partners, LP		57,588		33.0			43,958		33.0
SVB Capital Partners II, LP (i)		863		5.1			2,390		5.1
Other private equity fund (ii)		6,519		58.2			11,367		58.2
Total venture capital and private equity fund investments	$	639,596				$	611,824

(i) At June 30, 2012, we had a direct ownership interest of 1.3 percent and an indirect ownership interest of 3.8 percent in the fund through our ownership interest of SVB Strategic Investors Fund II, LP.

(ii) At June 30, 2012, we had a direct ownership interest of 41.5 percent and indirect ownership interests of 12.6 percent and 4.1 percent in the fund through our ownership interest of SVB Capital—NT Growth Partners, LP and SVB Capital Preferred Return Fund, LP, respectively.

13

(2) The following table shows the amount of other venture capital investments by the following consolidated funds and our ownership of each fund at June 30, 2012 and December 31, 2011:

	June 30, 2012					December 31, 2011
(Dollars in thousands)	Amount		Ownership %			Amount		Ownership %
Silicon Valley BancVentures, LP	$	16,739		10.7	%	$	17,878		10.7	%
SVB Capital Partners II, LP (i)		59,256		5.1			61,099		5.1
SVB India Capital Partners I, LP		40,668		14.4			42,832		14.4
SVB Capital Shanghai Yangpu Venture Capital Fund		3,448		6.8			2,312		6.8
Total other venture capital investments	$	120,111				$	124,121

(i) At June 30, 2012, we had a direct ownership interest of 1.3 percent and an indirect ownership interest of 3.8 percent in the fund through our ownership of SVB Strategic Investors Fund II, LP.

(3) Other investments within non-marketable securities (fair value accounting) include our ownership in Partners for Growth, LP, a consolidated debt fund. At June 30, 2012, we had a majority ownership interest of slightly more than 50.0 percent in the fund. Partners for Growth, LP is managed by a third party and we do not have an ownership interest in the general partner of this fund.

(4) The following table shows the carrying value and our ownership percentage of each investment at June 30, 2012 and December 31, 2011:

	June 30, 2012					December 31, 2011
(Dollars in thousands)	Amount		Ownership %			Amount		Ownership %
Gold Hill Venture Lending 03, LP (i)	$	6,238		9.3	%	$	16,072		9.3	%
Gold Hill Capital 2008, LP (ii)		19,553		15.5			19,328		15.5
Partners for Growth II, LP		3,551		24.2			3,785		24.2
China Joint Venture investment (iii)		79,524		50.0			-		-
Other investments		30,127		N/A			29,067		N/A
Total other investments	$	138,993				$	68,252

(i) At June 30, 2012, we had a direct ownership interest of 4.8 percent in the fund and an indirect interest in the fund through our investment in Gold Hill Venture Lending Partners 03, LLC (“GHLLC”) of 4.5 percent. Our aggregate direct and indirect ownership in the fund is 9.3 percent.

(ii) At June 30, 2012, we had a direct ownership interest of 11.5 percent in the fund and an indirect interest in the fund through our investment in Gold Hill Capital 2008, LLC of 4.0 percent. Our aggregate direct and indirect ownership in the fund is 15.5 percent.

(iii) On May 3, 2012, we contributed $79.7 million to SPD Silicon Valley Bank Co., Ltd., our joint venture bank in China.

(5) Represents investments in 326 and 329 funds (primarily venture capital funds) at June 30, 2012 and December 31, 2011, respectively, where our ownership interest is less than 5% of the voting interests of each such fund and in which we do not have the ability to exercise significant influence over the partnerships operating and financial policies. For the three months ended June 30, 2012, we recognized OTTI losses of $0.2 million resulting from other-than-temporary declines in value for 12 of the 326 investments. For the six months ended June 30, 2012, we recognized OTTI losses of $0.5 million resulting from other-than-temporary declines in value for 30 of the 326 investments. The OTTI losses are included in net gains on investment securities, a component of noninterest income. We concluded that any declines in value for the remaining 296 investments were temporary and as such, no OTTI was required to be recognized. At June 30, 2012, the carrying value of these venture capital and private equity fund investments (cost method accounting) was $153.6 million, and the estimated fair value was $185.3 million.

14

The following table summarizes our unrealized losses on our available-for-sale securities portfolio into categories of less than 12 months, or 12 months or longer as of June 30, 2012:

	June 30, 2012
	Less than 12 months				12 months or longer				Total
(Dollars in thousands)	Fair Value of Investments		Unrealized Losses		Fair Value of Investments		Unrealized Losses		Fair Value of Investments		Unrealized Losses
Residential mortgage-backed securities:
Agency-issued collateralized mortgage obligations—fixed rate	$	425,171	$	(1,399)	$	-	$	-	$	425,171	$	(1,399)
Agency-issued collateralized mortgage obligations—variable rate		182,847		(74)		43,153		(9)		226,000		(83)
Equity securities		162		(178)		243		(205)		405		(383)
Total temporarily impaired securities (1)	$	608,180	$	(1,651)	$	43,396	$	(214)	$	651,576	$	(1,865)

(1) As of June 30, 2012, we identified a total of 33 investments that were in unrealized loss positions, of which five investments totaling $43.4 million with unrealized losses of $0.2 million has been in an impaired position for a period of time greater than 12 months. As of June 30, 2012, we do not intend to sell any impaired debt securities prior to recovery of our adjusted cost basis, and it is more likely than not that we will not be required to sell any of our securities prior to recovery of our adjusted cost basis. Based on our analysis as of June 30, 2012, we deem all impairments to be temporary, and therefore changes in value for our temporarily impaired securities as of the same date are included in other comprehensive income. Market valuations and impairment analyses on assets in the available-for-sale securities portfolio are reviewed and monitored on a quarterly basis.

The following table summarizes our unrealized losses on our available-for-sale securities portfolio into categories of less than 12 months, or 12 months or longer as of December 31, 2011:

	December 31, 2011
	Less than 12 months				12 months or longer				Total
(Dollars in thousands)	Fair Value of Investments		Unrealized Losses		Fair Value of Investments		Unrealized Losses		Fair Value of Investments		Unrealized Losses
U.S. agency debentures	$	50,994	$	(90)	$	-	$	-	$	50,994	$	(90)
Residential mortgage-backed securities:
Agency-issued mortgage-backed securities		54,588		(106)		-		-		54,588		(106)
Agency-issued collateralized mortgage obligations—fixed rate		50,125		(71)		-		-		50,125		(71)
Agency-issued collateralized mortgage obligations—variable rate		1,521,589		(4,334)		-		-		1,521,589		(4,334)
Equity securities		3,831		(1,199)		-		-		3,831		(1,199)
Total temporarily impaired securities	$	1,681,127	$	(5,800)	$	-	$	-	$	1,681,127	$	(5,800)

The following table summarizes the remaining contractual principal maturities and fully taxable equivalent yields on debt securities classified as available-for-sale as of June 30, 2012. Interest income on certain municipal bonds and notes (non-taxable investments) are presented on a fully taxable equivalent basis using the federal statutory tax rate of 35.0 percent. The weighted average yield is computed using the amortized cost of debt securities, which are reported at fair value. For U.S. treasury securities, the expected maturity is the actual contractual maturity of the notes. Expected remaining maturities for certain U.S. agency debentures may occur earlier than their contractual maturities because the note issuers have the right to call outstanding amounts ahead of their contractual maturity. Expected maturities for mortgage-backed securities may differ significantly from their contractual maturities because mortgage borrowers have the right to prepay outstanding loan obligations with or without penalties. Mortgage-backed securities classified as available-for-sale typically have original contractual maturities from 10 to 30 years whereas expected average lives of these securities tend to be significantly shorter and vary based upon structure.

	June 30, 2012
	Total					One Year or Less					After One Year to Five Years					After Five Years to Ten Years					After Ten Years
(Dollars in thousands)	Carrying Value		Weighted- Average Yield			Carrying Value		Weighted- Average Yield			Carrying Value		Weighted- Average Yield			Carrying Value		Weighted- Average Yield			Carrying Value		Weighted- Average Yield
U.S. treasury securities	$	25,599		2.39	%	$	25,599		2.39	%	$	-		-	%	$	-		-	%	$	-		-	%
U.S. agency debentures		2,640,124		1.61			35,097		2.13			2,474,409		1.53			130,618		3.07			-		-
Residential mortgage-backed securities:
Agency-issued mortgage-backed securities		1,713,799		2.35			-		-			-		-			1,583,036		2.27			130,763		3.28
Agency-issued collateralized mortgage obligations - fixed rate		3,804,211		2.21			-		-			-		-			-		-			3,804,211		2.21
Agency-issued collateralized mortgage obligations - variable rate		2,108,449		0.70			-		-			-		-			-		-			2,108,449		0.70
Agency-issued commercial mortgage-backed securities		228,080		2.09			-		-			-		-			-		-			228,080		2.09
Municipal bonds and notes		99,694		6.00			941		5.20			15,195		5.55			50,166		6.00			33,392		6.24
Total	$	10,619,956		1.82		$	61,637		2.28		$	2,489,604		1.55		$	1,763,820		2.44		$	6,304,895		1.74

15

The following table presents the components of gains and losses (realized and unrealized) on investment securities for the three and six months ended June 30, 2012 and 2011:

	Three months ended June 30,				Six months ended June 30,
(Dollars in thousands)	2012		2011		2012		2011
Gross gains on investment securities:
Available-for-sale securities, at fair value (1)	$	5,322	$	37,314	$	5,343	$	37,377
Marketable securities (fair value accounting)		3,303		-		3,619		442
Non-marketable securities (fair value accounting):
Venture capital and private equity fund investments		33,288		37,205		59,398		82,704
Other venture capital investments		1,556		2,071		3,333		7,019
Other investments		-		-		21		20
Non-marketable securities (equity method accounting):
Other investments		5,389		3,132		6,811		6,516
Non-marketable securities (cost method accounting):
Venture capital and private equity fund investments		538		801		945		1,056
Other investments		264		2,256		306		2,429
Total gross gains on investment securities		49,660		82,779		79,776		137,563
Gross losses on investment securities:
Available-for-sale securities, at fair value (1)		(755)		(93)		(1,650)		(94)
Marketable securities (fair value accounting)		(754)		(3,307)		(754)		(4,115)
Non-marketable securities (fair value accounting):
Venture capital and private equity fund investments		(18,618)		(4,845)		(32,533)		(6,901)
Other venture capital investments		(3,219)		(1,420)		(9,882)		(1,664)
Non-marketable securities (equity method accounting):
Other investments		(327)		(1,110)		(703)		(1,309)
Non-marketable securities (cost method accounting):
Venture capital and private equity fund investments		(177)		(293)		(540)		(432)
Other investments		(1)		(31)		(66)		(31)
Total gross losses on investment securities		(23,851)		(11,099)		(46,128)		(14,546)
Gains on investment securities, net	$	25,809	$	71,680	$	33,648	$	123,017
Gains attributable to noncontrolling interests, including carried interest	$	14,502	$	26,437	$	21,840	$	69,822

(1) The cost basis of available-for-sale securities sold is determined on a specific identification basis.

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6. Loans and Allowance for Loan Losses

We serve a variety of commercial clients in the technology, life science, venture capital/private equity and premium wine industries. Our technology clients generally tend to be in the industries of hardware (semiconductors, communications and electronics), software and related services, and clean technology. Because of the diverse nature of clean technology products and services, for our loan-related reporting purposes, cleantech-related loans are reported under our hardware, software, life science and other commercial loan categories, as applicable. Our life science clients are concentrated in the medical devices and biotechnology sectors. Loans made to venture capital/private equity firm clients typically enable them to fund investments prior to their receipt of funds from capital calls. Loans to the premium wine industry focus on vineyards and wineries that produce grapes and wines of high quality.

In addition to commercial loans, we make loans through SVB Private Bank primarily to venture capital/private equity professionals. These products and services include real estate secured home equity lines of credit, which may be used to finance real estate investments and loans used to purchase, renovate or refinance personal residences. These products and services also include restricted stock purchase loans and capital call lines of credit. We also provide real estate secured loans to eligible employees through our EHOP.

We also provide community development loans made as part of our responsibilities under the Community Reinvestment Act. These loans are included within “Construction loans” below and are primarily secured by real estate.

The composition of loans, net of unearned income of $67.7 million and $60.2 million at June 30, 2012 and December 31, 2011, respectively, is presented in the following table:

(Dollars in thousands)	June 30, 2012		December 31, 2011
Commercial loans:
Software	$	2,752,500	$	2,492,849
Hardware		1,086,973		952,303
Venture capital/private equity		1,403,801		1,117,419
Life science		917,723		863,737
Premium wine (1)		120,043		130,245
Other		371,195		342,147
Commercial loans		6,652,235		5,898,700
Real estate secured loans:
Premium wine (1)		373,658		345,988
Consumer loans (2)		554,266		534,001
Real estate secured loans		927,924		879,989
Construction loans		33,063		30,256
Consumer loans		176,530		161,137
Total loans, net of unearned income (3)	$	7,789,752	$	6,970,082

(1) Included in our premium wine portfolio are gross construction loans of $147.9 million and $110.8 million at June 30, 2012 and December 31, 2011, respectively.

(2) Consumer loans secured by real estate at June 30, 2012 and December 31, 2011 were comprised of the following:

(Dollars in thousands)	June 30, 2012		December 31, 2011
Loans for personal residence	$	369,780	$	350,359
Loans to eligible employees		103,824		99,704
Home equity lines of credit		80,662		83,938
Consumer loans secured by real estate	$	554,266	$	534,001

(3) Included within our total loan portfolio are credit card loans of $58.3 million and $49.7 million at June 30, 2012 and December 31, 2011, respectively.

17

Credit Quality

The composition of loans, net of unearned income, broken out by portfolio segment and class of financing receivable as of June 30, 2012 and December 31, 2011, is as follows:

(Dollars in thousands)	June 30, 2012		December 31,  2011
Commercial loans:
Software	$	2,752,500	$	2,492,849
Hardware		1,086,973		952,303
Venture capital/private equity		1,403,801		1,117,419
Life science		917,723		863,737
Premium wine		493,701		476,233
Other		404,258		372,403
Total commercial loans		7,058,956		6,274,944
Consumer loans:
Real estate secured loans		554,266		534,001
Other consumer loans		176,530		161,137
Total consumer loans		730,796		695,138
Total loans, net of unearned income	$	7,789,752	$	6,970,082

The following table summarizes the aging of our gross loans, broken out by portfolio segment and class of financing receivable as of June 30, 2012 and December 31, 2011:

(Dollars in thousands)	30 - 59   Days Past   Due		60 - 89   Days Past   Due		Greater Than 90   Days Past   Due		Total Past   Due		Current		Loans Past Due   90 Days or More Still Accruing Interest
June 30, 2012:
Commercial loans:
Software	$	3,541	$	66	$	25	$	3,632	$	2,773,398	$	25
Hardware		32		-		-		32		1,083,630		-
Venture capital/private equity		75,349		-		-		75,349		1,342,366		-
Life science		35		124		-		159		926,735		-
Premium wine		-		-		-		-		493,107		-
Other		73		-		-		73		405,037		-
Total commercial loans		79,030		190		25		79,245		7,024,273		25
Consumer loans:
Real estate secured loans		-		-		-		-		551,539		-
Other consumer loans		21		5,896		-		5,917		169,423		-
Total consumer loans		21		5,896		-		5,917		720,962		-
Total gross loans excluding impaired loans		79,051		6,086		25		85,162		7,745,235		25
Impaired loans		16		1,411		3,724		5,151		21,920		-
Total gross loans	$	79,067	$	7,497	$	3,749	$	90,313	$	7,767,155	$	25
December 31, 2011:
Commercial loans:
Software	$	415	$	1,006	$	-	$	1,421	$	2,515,327	$	-
Hardware		1,951		45		-		1,996		954,690		-
Venture capital/private equity		45		-		-		45		1,128,475		-
Life science		398		78		-		476		871,626		-
Premium wine		1		174		-		175		475,406		-
Other		15		-		-		15		370,539		-
Total commercial loans		2,825		1,303		-		4,128		6,316,063		-
Consumer loans:
Real estate secured loans		-		-		-		-		515,534		-
Other consumer loans		590		-		-		590		157,389		-
Total consumer loans		590		-		-		590		672,923		-
Total gross loans excluding impaired loans		3,415		1,303		-		4,718		6,988,986		-
Impaired loans		1,350		1,794		6,613		9,757		26,860		-
Total gross loans	$	4,765	$	3,097	$	6,613	$	14,475	$	7,015,846	$	-

18

The following table summarizes our impaired loans as they relate to our allowance for loan losses, broken out by portfolio segment and class of financing receivable as of June 30, 2012 and December 31, 2011:

(Dollars in thousands)	Impaired loans for   which there is a related allowance for loan losses		Impaired loans for   which there is no related allowance for loan losses		Total carrying value   of impaired loans		Total unpaid principal of     impaired loans
June 30, 2012:
Commercial loans:
Software	$	2,558	$	418	$	2,976	$	4,749
Hardware		13,074		1,099		14,173		17,616
Life Science		-		-		-		-
Premium wine		-		3,123		3,123		3,325
Other		1,905		1,051		2,956		6,824
Total commercial loans		17,537		5,691		23,228		32,514
Consumer loans:
Real estate secured loans		122		2,432		2,554		7,460
Other consumer loans		1,289		-		1,289		1,406
Total consumer loans		1,411		2,432		3,843		8,866
Total	$	18,948	$	8,123	$	27,071	$	41,380
December 31, 2011:
Commercial loans:
Software	$	1,142	$	-	$	1,142	$	1,540
Hardware		4,754		429		5,183		8,843
Life science		-		311		311		523
Premium wine		-		3,212		3,212		3,341
Other		4,303		1,050		5,353		9,104
Total commercial loans		10,199		5,002		15,201		23,351
Consumer loans:
Real estate secured loans		-		18,283		18,283		22,410
Other consumer loans		3,133		-		3,133		3,197
Total consumer loans		3,133		18,283		21,416		25,607
Total	$	13,332	$	23,285	$	36,617	$	48,958

The following table summarizes our average impaired loans, broken out by portfolio segment and class of financing receivable during the three and six months ended June 30, 2012 and 2011:

	Three months ended June 30,				Six months ended June 30,
(Dollars in thousands)	2012		2011		2012		2011
Average impaired loans:
Commercial loans:
Software	$	1,896	$	2,620	$	1,716	$	2,697
Hardware		21,468		6,662		16,865		5,594
Life science		88		1,170		117		1,834
Premium wine		3,527		1,396		3,455		2,540
Other		3,506		3,588		4,075		2,878
Total commercial loans		30,485		15,436		26,228		15,543
Consumer loans:
Real estate secured loans		2,645		19,557		7,746		19,841
Other consumer loans		2,170		-		2,595		-
Total consumer loans		4,815		19,557		10,341		19,841
Total average impaired loans	$	35,300	$	34,993	$	36,569	$	35,384

19

The following tables summarize the activity relating to our allowance for loan losses for the three and six months ended June 30, 2012 and 2011, broken out by portfolio segment:

Three months ended June 30, 2012  (dollars in thousands)	Beginning Balance March 31, 2012		Charge-offs		Recoveries		Provision for (Reduction  of)		Ending Balance June 30, 2012
Commercial loans:
Software	$	35,425	$	(2,118)	$	1,329	$	3,345	$	37,981
Hardware		30,348		(10,413)		329		2,368		22,632
Venture capital/private equity		7,214		-		-		2,438		9,652
Life science		10,292		(122)		92		1,398		11,660
Premium wine		3,738		(584)		187		55		3,396
Other		4,802		(286)		1,107		(681)		4,942
Total commercial loans		91,819		(13,523)		3,044		8,923		90,263
Consumer loans		9,103		(607)		331		(924)		7,903
Total allowance for loan losses	$	100,922	$	(14,130)	$	3,375	$	7,999	$	98,166
Six months ended June 30, 2012  (dollars in thousands)	Beginning Balance December 31, 2011		Charge-offs		Recoveries		Provision for (Reduction of)		Ending Balance June 30, 2012
Commercial loans:
Software	$	38,263	$	(2,977)	$	4,088	$	(1,393)	$	37,981
Hardware		16,810		(14,261)		434		19,649		22,632
Venture capital/private equity		7,319		-		-		2,333		9,652
Life science		10,243		(235)		313		1,339		11,660
Premium wine		3,914		(584)		265		(199)		3,396
Other		5,817		(2,456)		1,151		430		4,942
Total commercial loans		82,366		(20,513)		6,251		22,159		90,263
Consumer loans		7,581		(607)		560		369		7,903
Total allowance for loan losses	$	89,947	$	(21,120)	$	6,811	$	22,528	$	98,166
Three months ended June 30, 2011  (dollars in thousands)	Beginning Balance March 31, 2011		Charge-offs		Recoveries		Provision for (Reduction of)		Ending Balance June 30, 2011
Commercial loans:
Software	$	30,479	$	(518)	$	2,639	$	(727)	$	31,873
Hardware		15,840		-		32		170		16,042
Venture capital/private equity		7,432		-		-		875		8,307
Life science		8,097		(471)		505		(906)		7,225
Premium wine		4,504		(449)		590		(636)		4,009
Other		6,433		(2,855)		337		1,954		5,869
Total commercial loans		72,785		(4,293)		4,103		730		73,325
Consumer loans		9,266		-		160		(596)		8,830
Total allowance for loan losses	$	82,051	$	(4,293)	$	4,263	$	134	$	82,155
Six months ended June 30, 2011  (dollars in thousands)	Beginning Balance December 31, 2010		Charge-offs		Recoveries		Provision for (Reduction of)		Ending Balance June 30, 2011
Commercial loans:
Software	$	29,288	$	(1,622)	$	7,920	$	(3,713)	$	31,873
Hardware		14,688		(15)		312		1,057		16,042
Venture capital/private equity		8,241		-		-		66		8,307
Life science		9,077		(3,662)		1,128		682		7,225
Premium wine		5,492		(449)		730		(1,764)		4,009
Other		5,318		(2,867)		407		3,011		5,869
Total commercial loans		72,104		(8,615)		10,497		(661)		73,325
Consumer loans		10,523		-		559		(2,252)		8,830
Total allowance for loan losses	$	82,627	$	(8,615)	$	11,056	$	(2,913)	$	82,155

20

The following table summarizes the allowance for loan losses individually and collectively evaluated for impairment as of June 30, 2012 and December 31, 2011, broken out by portfolio segment:

	June 30, 2012				December 31, 2011
(Dollars in thousands)	Individually   Evaluated for   Impairment		Collectively   Evaluated for   Impairment		Individually   Evaluated for   Impairment		Collectively   Evaluated for   Impairment
Commercial loans:
Software	$	845	$	37,136	$	526	$	37,737
Hardware		4,225		18,407		1,261		15,549
Venture capital/private equity		-		9,652		-		7,319
Life science		-		11,660		-		10,243
Premium wine		-		3,396		-		3,914
Other		47		4,895		1,180		4,637
Total commercial loans		5,117		85,146		2,967		79,399
Consumer loans		548		7,355		740		6,841
Total allowance for loan losses	$	5,665	$	92,501	$	3,707	$	86,240

Credit Quality Indicators

For each individual client, we establish an internal credit risk rating for that loan, which is used for assessing and monitoring credit risk as well as performance of the loan and the overall portfolio. Our internal credit risk ratings are also used to summarize the risk of loss due to failure by an individual borrower to repay the loan. For our internal credit risk ratings, each individual loan is given a risk rating of 1 through 10. Loans risk-rated 1 through 4 are performing loans and translate to an internal rating of “Pass”, with loans risk-rated 1 being cash secured. Loans risk-rated 5 through 7 are performing loans, however, we consider them as demonstrating higher risk which requires more frequent review of the individual exposures; these translate to an internal rating of “Performing (Criticized)”. A majority of our performing (criticized) loans are from our SVB Accelerator practice, serving our emerging or early stage clients. Loans risk-rated 8 and 9 are loans that are considered to be impaired and are on nonaccrual status. Loans are placed on nonaccrual status when they become 90 days past due as to principal or interest payments (unless the principal and interest are well secured and in the process of collection), or when we have determined, based upon most recent available information, that the timely collection of principal or interest is not probable. (For further description of nonaccrual loans, refer to Note 2—“Summary of Significant Accounting Policies” under Part II, Item 8 of our 2011 Form 10-K); these loans are deemed “impaired”. Loans rated 10 are charged-off and are not included as part of our loan portfolio balance. We review our credit quality indicators for performance and appropriateness of risk ratings as part of our evaluation process for our allowance for loan losses. The following table summarizes the credit quality indicators, broken out by portfolio segment and class of financing receivables as of June 30, 2012 and December 31, 2011:

21

(Dollars in thousands)	Pass		Performing     (Criticized)		Impaired		Total
June 30, 2012:
Commercial loans:
Software	$	2,573,437	$	203,593	$	2,976	$	2,780,006
Hardware		951,026		132,636		14,173		1,097,835
Venture capital/private equity		1,417,715		-		-		1,417,715
Life science		820,392		106,502		-		926,894
Premium wine		481,162		11,945		3,123		496,230
Other		376,158		28,952		2,956		408,066
Total commercial loans		6,619,890		483,628		23,228		7,126,746
Consumer loans:
Real estate secured loans		530,017		21,522		2,554		554,093
Other consumer loans		163,390		11,950		1,289		176,629
Total consumer loans		693,407		33,472		3,843		730,722
Total gross loans	$	7,313,297	$	517,100	$	27,071	$	7,857,468
December 31, 2011:
Commercial loans:
Software	$	2,290,497	$	226,251	$	1,142	$	2,517,890
Hardware		839,230		117,456		5,183		961,869
Venture capital/private equity		1,120,373		8,147		-		1,128,520
Life science		748,129		123,973		311		872,413
Premium wine		434,309		41,272		3,212		478,793
Other		353,434		17,120		5,353		375,907
Total commercial loans		5,785,972		534,219		15,201		6,335,392
Consumer loans:
Real estate secured loans		497,060		18,474		18,283		533,817
Other consumer loans		151,101		6,878		3,133		161,112
Total consumer loans		648,161		25,352		21,416		694,929
Total gross loans	$	6,434,133	$	559,571	$	36,617	$	7,030,321

TDRs

As of June 30, 2012 we had TDRs of $25.5 million where concessions have been granted to borrowers experiencing financial difficulties, in an attempt to maximize collection. There were unfunded commitments available for funding of $1.1 million to the clients associated with these TDRs as of June 30, 2012. The following table summarizes our loans modified in TDRs, broken out by portfolio segment and class of financing receivables at June 30, 2012 and December 31, 2011:

(Dollars in thousands)	June 30, 2012		December 31, 2011
Loans modified in TDRs:
Commercial loans:
Software	$	769	$	1,142
Hardware		15,272		5,183
Premium wine		2,135		1,949
Other		3,491		4,934
Total commercial loans		21,667		13,208
Consumer loans:
Real estate secured loans		2,522		17,934
Other consumer loans		1,289		3,133
Total consumer loans		3,811		21,067
Total	$	25,478	$	34,275

22

The following table summarizes the recorded investment in loans modified in TDRs, broken out by portfolio segment and class of financing receivable, for modifications made during the three and six months ended June 30, 2012 and 2011:

	Three months ended June 30,				Six months ended June 30,
(Dollars in thousands)	2012		2011		2012		2011
Loans modified in TDRs during the period:
Commercial loans:
Software	$	-	$	605	$	100	$	605
Hardware		12,747		3,321		13,198		3,321
Premium wine		-		-		275		-
Other		535		-		2,440		-
Total commercial loans		13,282		3,926		16,013		3,926
Consumer loans:
Real estate secured loans		289		-		411		-
Total consumer loans		289		-		411		-
Total loans modified in TDR’s during the period (1)	$	13,571	$	3,926	$	16,424	$	3,926

(1) During the three and six months ended June 30, 2012, we had partial charge-offs of $10.0 million and $10.9 million, respectively, on loans classified as TDRs. There were no partial charge-offs on loans classified as TDRs during the three and six months ended June 30, 2011.

During the three months ended June 30, 2012 new TDRs totaling $10.0 million and $3.6 million were modified through forgiveness of principal and payment deferrals granted to our clients, respectively. During the six months ended June 30, 2012 new TDRs totaling $10.1 million and $6.3 million were modified through forgiveness of principal and payment deferrals granted to our clients, respectively. During the three and six months ended June 30, 2011 all new TDRs were modified through payment deferrals granted to our clients and no principal or interest was forgiven.

The related allowance for loan losses for the majority of our TDRs is determined on an individual basis by comparing the carrying value of the loan to the present value of the estimated future cash flows, discounted at the pre-modification contractual interest rate. For certain TDRs, the related allowance for loan losses is determined based on the fair value of the collateral if the loan is collateral dependent.

The following table summarizes the recorded investment in loans modified in TDRs within the previous 12 months that subsequently defaulted during the three and six months ended June 30, 2012 and 2011, broken out by portfolio segment and class of financing receivable:

	Three months ended June 30,				Six months ended June 30,
(Dollars in thousands)	2012		2011		2012		2011
TDRs modified within the previous 12 months that defaulted during the period:
Commercial loans:
Software	$	-	$	-	$	100	$	-
Hardware		452		3,321		452		3,321
Premium wine		1,859		-		1,859		-
Total commercial loans		2,311		3,321		2,411		3,321
Consumer loans:
Other consumer loans		1,289		-		1,289		-
Total consumer loans		1,289		-		1,289		-
Total TDRs modified within the previous 12 months that defaulted in the period	$	3,600	$	3,321	$	3,700	$	3,321

Charge-offs and defaults on previously restructured loans are evaluated to determine the impact to the allowance for loan losses, if any. The evaluation of these defaults may impact the assumptions used in calculating the reserve on other TDRs and impaired loans as well as management’s overall outlook of macroeconomic factors that affect the reserve on the loan portfolio as a whole. After evaluating the charge-offs and defaults experienced on our TDRs we determined that no change to our reserving methodology was necessary to determine the allowance for loan losses as of June 30, 2012.

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7. Short-Term Borrowings and Long-Term Debt

The following table represents outstanding short-term borrowings and long-term debt at June 30, 2012 and December 31, 2011:

				Carrying Value
(Dollars in thousands)	Maturity	Principal value at  June 30, 2012		June 30,    2012		December 31,  2011
Short-term borrowings:
Other short-term borrowings	(1)	$	5,880	$	5,880	$	-
Total short-term borrowings				$	5,880	$	-
Long-term debt:
5.375% Senior Notes	September 15, 2020	$	350,000	$	347,893	$	347,793
5.70% Senior Notes (2)	June 1, 2012		-		-		143,969
6.05% Subordinated Notes (3)	June 1, 2017		45,964		55,054		55,075
7.0% Junior Subordinated Debentures	October 15, 2033		50,000		55,285		55,372
Other long-term debt	(4)		-		-		1,439
Total long-term debt				$	458,232	$	603,648

(1) Represents cash collateral received from our counterparty for our interest rate swap agreement related to our 6.05% Subordinated Notes.

(2) At December 31, 2011, included in the carrying value of our 5.70% Senior Notes was $2.6 million related to the fair value of the interest rate swap associated with the notes.

(3) At June 30, 2012 and December 31, 2011, included in the carrying value of our 6.05% Subordinated Notes were $9.3 million and $8.8 million, respectively, related to the fair value of the interest rate swap associated with the notes.

(4) Represents long-term notes payable related to one of our debt fund investments. The last payment related to the notes was made in April 2012.

Interest expense related to short-term borrowings and long-term debt was $6.3 million and $12.6 million for the three and six months ended June 30, 2012, respectively, and $7.1 million and $17.8 million for the three and six months ended June 30, 2011, respectively. Interest expense is net of the cash flow impact from our interest rate swap agreements related to our 5.70% Senior Notes and 6.05% Subordinated Notes. The weighted average interest rate associated with our short-term borrowings as of June 30, 2012 was 0.14 percent.

5.70% Senior Notes

Our remaining $141.4 million 5.70% Senior Notes matured on June 1, 2012 and we repaid all outstanding principal, including unpaid and accrued interest, in cash upon maturity. In connection with the maturity, we also terminated the interest rate swap associated with these notes (see Note 8—“Derivative Financial Instruments”).

3.875% Convertible Notes

Our $250 million 3.875% Convertible Notes matured on April 15, 2011. The effective interest rate for our 3.875% Convertible Notes for the three and six months ended June 30, 2011 was 6.84 percent and 5.92 percent, respectively, and interest expense was $0.7 million and $4.2 million, respectively.

Available Lines of Credit

We have certain facilities in place to enable us to access short-term borrowings on a secured (using available-for-sale securities as collateral) and an unsecured basis. These include repurchase agreements and uncommitted federal funds lines with various financial institutions. As of June 30, 2012, we did not borrow against our uncommitted federal funds lines. We also pledge securities to the FHLB of San Francisco and the discount window at the FRB. The market value of collateral pledged to the FHLB of San Francisco (comprised primarily of U.S. agency debentures) at June 30, 2012 totaled $1.5 billion, of which the full available balance was unused and available to support additional borrowings. The market value of collateral pledged at the discount window of the FRB at June 30, 2012 totaled $635.0 million, all of which was unused and available to support additional borrowings.

24

8. Derivative Financial Instruments

We primarily use derivative financial instruments to manage interest rate risk, currency exchange rate risk, and to assist customers with their risk management objectives. Also, in connection with negotiating credit facilities and certain other services, we often obtain equity warrant assets giving us the right to acquire stock in private, venture-backed companies in the technology and life science industries.

Interest Rate Risk

Interest rate risk is our primary market risk and can result from timing and volume differences in the repricing of our interest rate-sensitive assets and liabilities and changes in market interest rates. To manage interest rate risk for our 5.70% Senior Notes and 6.05% Subordinated Notes, we entered into fixed-for-floating interest rate swap agreements at the time of debt issuance based upon LIBOR with matched-terms. Prior to our termination of portions of our interest rate swap agreements (discussed below), we used the shortcut method to assess hedge effectiveness and evaluate the hedging relationships for qualification under the shortcut method requirements for each reporting period. Net cash benefits associated with our interest rate swaps were recorded as a reduction in “Interest expense—Borrowings,” a component of net interest income. The fair value of our interest rate swaps was calculated using a discounted cash flow method and adjusted for credit valuation associated with counterparty risk. Increases from changes in fair value were included in other assets and decreases from changes in fair value were included in other liabilities.

In connection with the repurchase of portions of our 5.70% Senior Notes and 6.05% Subordinated Notes in May 2011, we terminated corresponding amounts of the associated interest rate swaps. As a result of these terminations, the remaining portions of the interest rate swaps no longer qualify for the shortcut method to assess hedge effectiveness under ASC 815, Derivatives and Hedging, and are accounted for under the long-haul method. Any differences associated with our interest rate swaps that arise as a result of hedge ineffectiveness are recorded through net gains on derivative instruments, in noninterest income, a component of consolidated net income. Our 5.70% Senior Notes matured and were repaid on June 1, 2012, at which time we terminated the remaining portion of the associated interest rate swap.

Currency Exchange Risk

We enter into foreign exchange forward contracts to economically reduce our foreign exchange exposure risk related to our client loans that are denominated in foreign currencies, primarily in Pound Sterling and Euro. We do not designate any foreign exchange forward contracts as derivative instruments that qualify for hedge accounting. Changes in currency rates on the loans are included in other noninterest income, a component of noninterest income. We may experience ineffectiveness in the economic hedging relationship, because the loans are revalued based upon changes in the currency’s spot rate on the principal value, while the forwards are revalued on a discounted cash flow basis. We record forward agreements in gain positions in other assets and loss positions in other liabilities, while net changes in fair value are recorded through net gains on derivative instruments, in noninterest income, a component of consolidated net income.

Other Derivative Instruments

Equity Warrant Assets

Our equity warrant assets are concentrated in private, venture-backed companies in the technology and life science industries. Most of these warrant agreements contain net share settlement provisions, which permit us to pay the warrant exercise price using shares issuable under the warrant (“cashless exercise”). We value our equity warrant assets using a modified Black-Scholes option pricing model, which incorporates assumptions about the underlying asset value, volatility, and the risk-free rate. We make valuation adjustments for estimated remaining life and marketability for warrants issued by private companies. Equity warrant assets are recorded at fair value in other assets, while changes in their fair value are recorded through net gains on derivative instruments, in noninterest income, a component of consolidated net income.

Loan Conversion Options

In connection with negotiating certain credit facilities, we occasionally extend loan facilities which have convertible option features. The convertible loans may be converted into a certain number of shares determined by dividing the principal amount of the loan by the applicable conversion price. Because our loan conversion options have underlying and notional values and had no initial net investment, these assets qualify as derivative instruments. We value our loan conversion options using a modified Black-Scholes option pricing model, which incorporates assumptions about the underlying asset value, volatility, and the risk-free rate. Loan conversion options are recorded at fair value in other assets, while changes in their fair value are recorded through net gains on derivative instruments, in noninterest income, a component of consolidated net income.

Other Derivatives

We sell forward and option contracts to clients who wish to mitigate their foreign currency exposure. We economically reduce the currency risk from this business by entering into opposite way contracts with correspondent banks. This relationship does not qualify for hedge accounting. The contracts generally have terms of one year or less, although we may have contracts extending for up to five years. Generally, we have not experienced nonperformance on these contracts, have not incurred credit losses, and anticipate performance by all counterparties to such agreements. Increases from changes in fair value are included in other assets and decreases from changes in fair value are included in other liabilities. The net change in the fair value of these contracts is recorded through net gains on derivative instruments, in noninterest income, a component of consolidated net income.

25

We sell interest rate contracts to clients who wish to mitigate their interest rate exposure. We economically reduce the interest rate risk from this business by entering into opposite way contracts with correspondent banks. We do not designate any of these contracts (which are derivative instruments) as qualifying for hedge accounting. Increases from changes in fair value are included in other assets and decreases from changes in fair value are included in other liabilities. The net change in the fair value of these derivatives is recorded through net gains on derivative instruments, in noninterest income, a component of consolidated net income.

Counterparty Credit Risk

We are exposed to credit risk if counterparties to our derivative contracts do not perform as expected. We mitigate counterparty credit risk through credit approvals, limits, monitoring procedures and obtaining collateral, as appropriate. Consistent with the clarification guidance included in ASU 2011-04, we made an accounting policy decision effective January 1, 2012 to use the exception in the guidance with respect to measuring counterparty credit risk for derivative instruments, which allows us to continue to measure the fair value of a group of financial assets and financial liabilities on a net risk basis by counterparty portfolio.

The total notional or contractual amounts, fair value, collateral and net exposure of our derivative financial instruments at June 30, 2012 and December 31, 2011 were as follows:

		June 30, 2012								December 31, 2011
(Dollars in thousands)	Balance Sheet Location	Notional or Contractual Amount		Fair Value		Collateral (1)		Net Exposure (2)		Notional or Contractual Amount		Fair Value		Collateral (1)		Net Exposure (2)
Derivatives designated as hedging instruments:
Interest rate risks:
Interest rate swaps	Other assets	$	45,964	$	9,331	$	5,880	$	3,451	$	187,393	$	11,441	$	-	$	11,441
Derivatives not designated as hedging instruments:
Currency exchange risks:
Foreign exchange forwards	Other assets		53,158		1,518		-		1,518		68,518		514		-		514
Foreign exchange forwards	Other liabilities		45,505		(1,126)		-		(1,126)		6,822		(199)		-		(199)
Net exposure					392		-		392				315		-		315
Other derivative instruments:
Equity warrant assets	Other assets		156,784		74,405		-		74,405		144,586		66,953		-		66,953
Other derivatives:
Foreign exchange forwards	Other assets		530,889		18,317		-		18,317		387,714		17,541		-		17,541
Foreign exchange forwards	Other liabilities		388,394		(13,488)		-		(13,488)		366,835		(16,346)		-		(16,346)
Foreign currency options	Other assets		97,943		747		-		747		75,600		271		-		271
Foreign currency options	Other liabilities		97,943		(747)		-		(747)		75,600		(271)		-		(271)
Loan conversion options	Other assets		10,254		1,569		-		1,569		14,063		923		-		923
Client interest rate derivatives	Other assets		38,588		57		-		57		39,713		50		-		50
Client interest rate derivatives	Other liabilities		38,588		(59)		-		(59)		39,713		(52)		-		(52)
Net exposure					6,396		-		6,396				2,116		-		2,116
Net				$	90,524	$	5,880	$	84,644			$	80,825	$	-	$	80,825

(1) Cash collateral received from our counterparty for our interest rate swap agreement is recorded as a component of “short-term borrowings” on our consolidated balance sheets.

(2) Net exposure for contracts in a gain position reflects the replacement cost in the event of nonperformance by all such counterparties. The credit ratings of our institutional counterparties as of June 30, 2012 remain at investment grade or higher and there were no material changes in their credit ratings for the three and six months ended June 30, 2012.

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A summary of our derivative activity and the related impact on our consolidated statements of income for the three and six months ended June 30, 2012 and 2011 is as follows:

		Three months ended June 30,				Six months ended June 30,
(Dollars in thousands)	Statement of income location	2012		2011		2012		2011
Derivatives designated as hedging instruments:
Interest rate risks:
Net cash benefit associated with interest rate swaps	Interest expense—borrowings	$	1,696	$	3,695	$	3,925	$	9,868
Changes in fair value of interest rate swaps	Net gain on derivative instruments		108		(67)		497		(67)
Net gains associated with interest rate risk derivatives		$	1,804	$	3,628	$	4,422	$	9,801
Derivatives not designated as hedging instruments:
Currency exchange risks:
(Losses) gains on revaluations of foreign currency loans, net	Other noninterest income	$	(3,125)	$	502	$	(1,466)	$	3,191
Gains (losses) on internal foreign exchange forward contracts, net	Net gains on derivative instruments		2,993		(483)		942		(3,051)
Net (losses) gains associated with currency risk		$	(132)	$	19	$	(524)	$	140
Other derivative instruments:
Gains on equity warrant assets	Net gains on derivative instruments	$	4,876	$	13,861	$	11,811	$	17,857
Gains on client foreign exchange forward contracts, net	Net gains on derivative instruments	$	1,330	$	315	$	2,395	$	790
Net (losses) gains on other derivatives (1)	Net gains on derivative instruments	$	(594)	$	25	$	(956)	$	(1,327)

(1) Primarily represents the change in fair value of loan conversion options.

9. Other Noninterest Income and Other Noninterest Expense

A summary of other noninterest income for the three and six months ended June 30, 2012 and 2011 is as follows:

	Three months ended June 30,				Six months ended June 30,
(Dollars in thousands)	2012		2011		2012		2011
Unused commitment fees	$	3,678	$	1,808	$	6,733	$	3,294
Fund management fees		3,124		2,663		5,952		5,351
Service-based fee income		2,172		2,587		4,546		4,812
Net gains on the sale of certain assets related to our equity management services business		4,243		-		4,243		-
Loan syndication fees		1,375		870		1,500		870
Currency revaluation losses		(1,548)		(881)		(933)		(1,121)
(Losses) gains on revaluation of foreign currency loans, net		(3,125)		502		(1,466)		3,191
Other		2,745		2,463		5,167		3,879
Total other noninterest income	$	12,664	$	10,012	$	25,742	$	20,276

A summary of other noninterest expense for the three and six months ended June 30, 2012 and 2011 is as follows:

	Three months ended June 30,				Six months ended June 30,
(Dollars in thousands)	2012		2011		2012		2011
Telephone	$	1,547	$	1,416	$	3,331	$	2,766
Client services		1,739		1,037		2,992		1,839
Data processing services		1,310		1,429		2,715		2,492
Tax credit fund amortization		962		1,101		2,020		2,154
Postage and supplies		628		562		1,253		1,084
Dues and publications		557		327		1,031		701
Net gain from note repurchases and termination of corresponding interest rate swaps		-		(3,123)		-		(3,123)
Other		2,675		2,287		3,883		4,986
Total other noninterest expense	$	9,418	$	5,036	$	17,225	$	12,899

10. Segment Reporting

We have three reportable segments for management reporting purposes: Global Commercial Bank, SVB Private Bank and SVB Capital. The results of our operating segments are based on our internal management reporting process.

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Our operating segments’ primary source of revenue is from net interest income, which is primarily the difference between interest earned on loans, net of funds transfer pricing (“FTP”), and interest paid on deposits, net of FTP. Accordingly, our segments are reported using net interest income, net of FTP. FTP is an internal measurement framework designed to assess the financial impact of a financial institution’s sources and uses of funds. It is the mechanism by which an earnings credit is given for deposits raised, and an earnings charge is made for funded loans. Effective January 1, 2012, FTP is calculated at an instrument level based on account characteristics. Prior to January 1, 2012, FTP was calculated by applying a transfer rate to pooled, or aggregated, loan and deposit volumes. We have reclassified all prior period amounts to conform to the current period’s methodology and presentation.

We also evaluate performance based on provision for loan losses, noninterest income and noninterest expense, which are presented as components of segment operating profit or loss. In calculating each operating segment’s noninterest expense, we consider the direct costs incurred by the operating segment as well as certain allocated direct costs. As part of this review, we allocate certain corporate overhead costs to a corporate account. We do not allocate income taxes to our segments. Additionally, our management reporting model is predicated on average asset balances; therefore, period-end asset balances are not presented for segment reporting purposes. Changes in an individual client’s primary relationship designation have resulted, and in the future may result, in the inclusion of certain clients in different segments in different periods.

Unlike financial reporting, which benefits from the comprehensive structure provided by GAAP, our internal management reporting process is highly subjective, as there is no comprehensive, authoritative guidance for management reporting. Our management reporting process measures the performance of our operating segments based on our internal operating structure, which is subject to change from time to time, and is not necessarily comparable with similar information for other financial services companies.

The following is a description of the services that our three reportable segments provide:

• Global Commercial Bank provides solutions to the financial needs of commercial clients through lending, deposit products, cash management services, and global banking and trade products and services. It also serves the needs of our non-U.S. clients with global banking products, including loans, deposits and global finance, in key foreign entrepreneurial markets, where applicable. Our Global Commercial Bank segment is comprised of results from our Commercial Bank, and also includes SVB Specialty Lending, SVB Analytics and our Debt Fund Investments. (For further description of these operating segments, refer to Note 20—“Segment Reporting” under Part II, Item 8 of our 2011 Form 10-K.) As a result of the change in FTP methodology discussed above, our Global Commercial Bank segment’s total net interest income for the three and six months ended June 30, 2011 was increased by $17.2 million and $34.3 million, respectively (offset is included within “Other Items”), due to the reclassification of all prior periods to reflect the current period’s methodology and presentation.

• SVB Private Bank provides banking products and a range of credit services primarily to venture capital/private equity professionals using both long-term secured and short-term unsecured lines of credit.

• SVB Capital is the venture capital investment arm of SVBFG, which focuses primarily on funds management. SVB Capital manages funds (primarily venture capital funds) on behalf of third party limited partners and SVB Financial Group. The SVB Capital family of funds is comprised of funds of funds and direct venture funds. SVB Capital generates income for the Company primarily through management fees, carried interest arrangements and returns through the Company’s investments in the funds.

The summary financial results of our operating segments are presented along with a reconciliation to our consolidated interim results. The Other Items column reflects the adjustments necessary to reconcile the results of the operating segments to the consolidated financial statements prepared in conformity with GAAP. Noninterest income in the Other Items column is primarily attributable to noncontrolling interests and gains (losses) on equity warrant assets. Noninterest expense in the Other Items column primarily consists of expenses associated with corporate support functions such as finance, human resources, marketing, legal and other expenses. Additionally, average assets in the Other Items column primarily consists of cash and cash equivalents.

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Our segment information for the three and six months ended June 30, 2012 and 2011 is as follows:

(Dollars in thousands)	Global Commercial Bank (1)		SVB Private   Bank		SVB   Capital (1)		Other             Items		Total
Three months ended June 30, 2012
Net interest income (loss)	$	146,420	$	5,516	$	9	$	(11)	$	151,934
(Provision for) reduction of loan losses		(8,923)		924		-		-		(7,999)
Noninterest income		52,494		151		4,557		23,224		80,426
Noninterest expense (2)		(98,478)		(3,356)		(2,872)		(31,060)		(135,766)
Income (loss) before income tax expense (3)	$	91,513	$	3,235	$	1,694	$	(7,847)	$	88,595
Total average loans, net of unearned income	$	6,479,544	$	742,130	$	-	$	15,508	$	7,237,182
Total average assets (4)		19,023,230		747,445		251,295		868,906		20,890,876
Total average deposits		17,131,816		253,482		-		22,338		17,407,636
Three months ended June 30, 2011
Net interest income	$	125,695	$	4,653	$	3	$	102	$	130,453
(Provision for) reduction of loan losses		(730)		596		-		-		(134)
Noninterest income		36,551		136		6,716		80,305		123,708
Noninterest expense (2)		(84,702)		(2,477)		(3,111)		(30,742)		(121,032)
Income before income tax expense (3)	$	76,814	$	2,908	$	3,608	$	49,665	$	132,995
Total average loans, net of unearned income	$	4,822,497	$	642,287	$	-	$	68,047	$	5,532,831
Total average assets (4)		16,805,670		642,744		232,381		573,736		18,254,531
Total average deposits		15,099,789		156,765		-		13,185		15,269,739
Six months ended June 30, 2012
Net interest income	$	289,684	$	10,481	$	16	$	2,690	$	302,871
Provision for loan losses		(22,159)		(369)		-		-		(22,528)
Noninterest income		92,422		308		8,144		38,845		139,719
Noninterest expense (2)		(194,734)		(6,589)		(5,408)		(61,047)		(267,778)
Income (loss) before income tax expense (3)	$	165,213	$	3,831	$	2,752	$	(19,512)	$	152,284
Total average loans, net of unearned income	$	6,255,450	$	740,049	$	-	$	25,266	$	7,020,765
Total average assets (4)		18,790,252		744,703		254,835		771,919		20,561,709
Total average deposits		16,916,965		246,991		-		22,744		17,186,700
Six months ended June 30, 2011
Net interest income (loss)	$	246,515	$	9,054	$	4	$	(4,821)	$	250,752
Reduction of provision for loan losses		661		2,252		-		-		2,913
Noninterest income		71,415		223		14,006		128,018		213,662
Noninterest expense (2)		(170,582)		(4,480)		(6,253)		(57,152)		(238,467)
Income before income tax expense (3)	$	148,009	$	7,049	$	7,757	$	66,045	$	228,860
Total average loans, net of unearned income	$	4,766,104	$	613,467	$	-	$	43,480	$	5,423,051
Total average assets (4)		16,502,986		613,734		222,570		763,918		18,103,208
Total average deposits		14,803,648		153,520		-		12,638		14,969,806

(1) Global Commercial Bank’s and SVB Capital’s components of net interest income (loss), noninterest income, noninterest expense and total average assets are shown net of noncontrolling interests for all periods presented.

(2) The Global Commercial Bank segment includes direct depreciation and amortization of $3.6 million and $2.7 million for the three months ended June 30, 2012 and 2011, respectively, and $7.0 million and $5.6 million for the six months ended June 30, 2012 and 2011, respectively.

(3) 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.

(4) Total average assets equals the greater of total average assets or the sum of total liabilities and total stockholders’ equity for each segment.

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11. Off-Balance Sheet Arrangements, Guarantees and Other Commitments

In the normal course of business, we use financial instruments with off-balance sheet risk to meet the financing needs of our customers. These financial instruments include commitments to extend credit, commercial and standby letters of credit and commitments to invest in venture capital and private equity fund investments. These instruments involve credit risk to varying degrees. Credit risk is defined as the possibility of sustaining a loss because other parties to the financial instrument fail to perform in accordance with the terms of the contract.

Commitments to Extend Credit

The following table summarizes information related to our commitments to extend credit at June 30, 2012 and December 31, 2011:

(Dollars in thousands)	June 30, 2012		December 31, 2011
Loan commitments available for funding: (1)
Fixed interest rate commitments	$	834,431	$	658,377
Variable interest rate commitments		7,096,370		6,548,002
Total loan commitments available for funding		7,930,801		7,206,379
Commercial and standby letters of credit (2)		821,904		861,191
Total unfunded credit commitments	$	8,752,705	$	8,067,570
Commitments unavailable for funding (3)	$	882,458	$	841,439
Maximum lending limits for accounts receivable factoring arrangements (4)		847,757		747,392
Reserve for unfunded credit commitments (5)		23,476		21,811

(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) We extend credit under accounts receivable factoring arrangements when our clients’ sales invoices are deemed creditworthy under existing underwriting practices.

(5) Our reserve for unfunded credit commitments includes an allowance for both our unfunded loan commitments and our letters of credit.

Commercial and Standby Letters of Credit

The table below summarizes our commercial and standby letters of credit at June 30, 2012. 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	$	646,170	$	107,677	$	753,847	$	753,847
Performance standby letters of credit		52,523		11,903		64,426		64,426
Commercial letters of credit		3,631		-		3,631		3,631
Total	$	702,324	$	119,580	$	821,904	$	821,904

At June 30, 2012 and December 31, 2011, deferred fees related to financial and performance standby letters of credit were $5.3 million and $6.1 million, respectively. At June 30, 2012, collateral in the form of cash of $332.3 million and available-for-sale securities of $12.3 million were available to us to reimburse losses, if any, under financial and performance standby letters of credit.

Commitments to Invest in Venture Capital and Private Equity Funds

We make commitments to invest in venture capital and private equity funds, which in turn make investments generally in, or in some cases make loans to, privately-held companies. Commitments to invest in these funds are generally made for a ten-year period from the inception of the fund. Although the limited partnership agreements governing these investments typically do not restrict the general partners from calling 100% of committed capital in one year, it is customary for these funds to generally call most of the capital commitments over five to seven years; however in certain cases, the funds may not call 100% of committed capital over the life of the fund. The actual timing of future cash requirements to fund these commitments is generally dependent upon the investment cycle, overall market conditions, and the nature and type of industry in which the privately held companies operate. The following table details our total capital commitments, unfunded capital commitments, and our ownership in each fund at June 30, 2012:

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Our Ownership in Limited Partnership  (Dollars in thousands)	SVBFG Capital     Commitments		SVBFG Unfunded     Commitments		SVBFG Ownership   of each Fund
Silicon Valley BancVentures, LP	$	6,000	$	270		10.7	%
SVB Capital Partners II, LP (1)		1,200		162		5.1
SVB India Capital Partners I, LP		7,750		1,263		14.4
SVB Capital Shanghai Yangpu Venture Capital Fund		913		157		6.8
SVB Strategic Investors Fund, LP		15,300		688		12.6
SVB Strategic Investors Fund II, LP		15,000		1,200		8.6
SVB Strategic Investors Fund III, LP		15,000		2,700		5.9
SVB Strategic Investors Fund IV, LP		12,239		4,896		5.0
Strategic Investors Fund V Funds		1,000		933		Various
SVB Capital Preferred Return Fund, LP		12,687		-		20.0
SVB Capital—NT Growth Partners, LP		24,670		1,340		33.0
Other private equity fund (2)		9,338		-		58.2
Partners for Growth, LP		25,000		9,750		50.0
Partners for Growth II, LP		15,000		4,950		24.2
Gold Hill Venture Lending 03, LP (3)		20,000		-		9.3
Other fund investments (4)		331,772		73,268		Various
Total	$	512,869	$	101,577

(1) Our ownership includes 1.3 percent direct ownership through SVB Capital Partners II, LLC and SVB Financial, and 3.8 percent indirect ownership through our investment in SVB Strategic Investors Fund II, LP.

(2) Our ownership includes 41.5 percent direct ownership and indirect ownership interest of 12.6 percent and 4.1 percent in the fund through our ownership interest of SVB Capital - NT Growth Partners, LP and SVB Capital Preferred Return Fund, LP, respectively.

(3) Our ownership includes 4.8 percent direct ownership and 4.5 percent indirect ownership interest through GHLLC.

(4) Represents commitments to 332 funds (primarily venture capital funds) where our ownership interest is generally less than 5 percent of the voting interests of each such fund.

The following table details the total remaining unfunded commitments to the venture capital and private equity funds by our consolidated managed funds of funds (including our interest and the noncontrolling interests) at June 30, 2012:

Limited Partnership  (Dollars in thousands)	Unfunded     Commitments
SVB Strategic Investors Fund, LP	$	2,307
SVB Strategic Investors Fund II, LP		11,243
SVB Strategic Investors Fund III, LP		48,147
SVB Strategic Investors Fund IV, LP		114,552
Strategic Investors Fund V Funds		153,160
SVB Capital Preferred Return Fund, LP		20,299
SVB Capital—NT Growth Partners, LP		22,882
Other private equity fund		4,447
Total	$	377,037

12. Income Taxes

We are subject to income tax in the U.S. federal jurisdiction and various state and foreign jurisdictions and have identified our federal tax return and tax returns in California and Massachusetts as “major” tax filings. U.S. federal tax examinations through 1998 have been concluded. Our U.S. federal tax returns for the years 1999 through 2005 were not reviewed and are no longer open to examination by the IRS. Our U.S. federal tax returns for 2006 and subsequent years remain open to examination. Our California tax returns for 2006 and subsequent years remain open to examination. Our Massachusetts tax returns for 2008 and subsequent years remain open to examination.

We are currently under audit examination by the IRS for the 2008 and 2009 tax years, which began in July 2011. To the extent the final tax liabilities are different from the amounts originally accrued, the increases or decreases will be recorded as income tax expense or benefit in the consolidated statements of operations. While the actual outcome is subject to the completion of these audits, we do not believe there will be a material adverse impact on our results of operations.

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At June 30, 2012, our unrecognized tax benefit was $0.9 million, the recognition of which would reduce our income tax expense by $0.7 million. We expect that our unrecognized tax benefit will change in the next 12 months; however we do not expect the change to have a significant impact on our financial position or our results of operations.

13. Fair Value of Financial Instruments

Fair Value Measurements

Our available-for-sale securities, derivative instruments and certain non-marketable and marketable securities are financial instruments recorded at fair value on a recurring basis. We make estimates regarding valuation of assets and liabilities measured at fair value in preparing our interim consolidated financial statements.

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (the “exit price”) in an orderly transaction between market participants at the measurement date. There is a three-level hierarchy for disclosure of assets and liabilities recorded at fair value. The classification of assets and liabilities within the hierarchy is based on whether the inputs to the valuation methodology used for measurement are observable or unobservable and the significance of those inputs in the fair value measurement. Observable inputs reflect market-derived or market-based information obtained from independent sources, while unobservable inputs reflect our estimates about market data and views of market participants. The three levels for measuring fair value are based on the reliability of inputs and are as follows:

Level 1

Fair value measurements based on quoted prices in active markets for identical assets or liabilities that we have the ability to access. Valuation adjustments and block discounts are not applied to instruments utilizing Level 1 inputs. Since valuations are based on quoted prices that are readily and regularly available in an active market, valuation of these instruments does not entail a significant degree of judgment. Assets utilizing Level 1 inputs include exchange-traded equity securities and certain marketable securities accounted for under fair value accounting.

Level 2

Fair value measurements based on quoted prices in markets that are not active or for which all significant inputs are observable, directly or indirectly. Valuations for the available-for-sale securities are provided by independent external pricing service providers. We review the methodologies used to determine the fair value, including understanding the nature and observability of the inputs used to determine the price. Additional corroboration, such as obtaining a non-binding price from a broker, may be required depending on the frequency of trades of the security and the level of liquidity or depth of the market. The valuation methodology that is generally used for the Level 2 assets is the income approach. Below is a summary of the significant inputs used for each class of Level 2 assets and liabilities:

U.S. treasury securities: U.S. treasury securities are considered by most investors to be the most liquid fixed income investments available. These securities are priced relative to market prices on similar U.S. treasury securities.

U.S. agency debentures: Fair value measurements of U.S. agency debentures are based on the characteristics specific to bonds held, such as issuer name, coupon rate, maturity date and any applicable issuer call option features. Valuations are based on market spreads relative to similar term benchmark market interest rates, generally U.S. treasury securities.

Agency-issued mortgage-backed securities: Agency-issued mortgage-backed securities are pools of individual conventional mortgage loans underwritten to U.S. agency standards with similar coupon rates, tenor, and other attributes such as geographic location, loan size and origination vintage. Fair value measurements of these securities are based on observable price adjustments relative to benchmark market interest rates taking into consideration estimated loan prepayment speeds.

Agency-issued collateralized mortgage obligations: Agency-issued collateralized mortgage obligations are structured into classes or tranches with defined cash flow characteristics and are collateralized by U.S. agency-issued mortgage pass-through securities. Fair value measurements of these securities incorporate similar characteristics of mortgage pass-through securities such as coupon rate, tenor, geographic location, loan size and origination vintage, in addition to incorporating the effect of estimated prepayment speeds on the cash flow structure of the class or tranche. These measurements incorporate observable market spreads over an estimated average life after considering the inputs listed above.

Agency-issued commercial mortgage-backed securities: Fair value measurements of these securities are based on spreads to benchmark market interest rates (usually U.S. treasury rates or rates observable in the swaps market), prepayment speeds, loan default rate assumptions and loan loss severity assumptions on underlying loans.

Municipal bonds and notes: Bonds issued by municipal governments generally have stated coupon rates, final maturity dates and are subject to being called ahead of the final maturity date at the option of the issuer. Fair value measurements of these securities are priced based on spreads to other municipal benchmark bonds with similar characteristics; or, relative to market rates on U.S. treasury bonds of similar maturity.

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Interest rate swap assets: Fair value measurements of interest rate swaps are priced considering the coupon rate of the fixed leg of the contract and the variable coupon on the floating leg of the contract. Valuation is based on both spot and forward rates on the swap yield curve and the credit worthiness of the contract counterparty.

Foreign exchange forward and option contract assets and liabilities: Fair value measurements of these assets and liabilities are priced based on spot and forward foreign currency rates and option volatility assumptions and the credit worthiness of the contract counterparty.

Equity warrant assets (public portfolio): Fair value measurements of equity warrant assets of public portfolio companies are priced based on the Black-Scholes option pricing model that use the publicly-traded equity prices (underlying stock value), stated strike prices, option expiration dates, the risk-free interest rate and market-observable option volatility assumptions.

Level 3

The fair value measurement is derived from valuation techniques that use significant assumptions not observable in the market. These unobservable assumptions reflect our own estimates of assumptions we believe market participants would use in pricing the asset. Below is a summary of the valuation techniques used for each class of Level 3 assets:

Venture capital and private equity fund investments: Fair value measurements are based on the information provided by the investee funds’ management, which reflects our share of the fair value of the net assets of the investment fund on the valuation date. We account for differences between our measurement date and the date of the fund investment’s net asset value by using the most recent available financial information from the investee general partner, adjusted for any contributions paid, distributions received from the investment, and significant fund transactions or market events during the reporting period.

Other venture capital investments: Fair value measurements are based on consideration of a range of factors including, but not limited to, the price at which the investment was acquired, the term and nature of the investment, local market conditions, values for comparable securities, and as it relates to the private company, the current and projected operating performance, exit strategies and financing transactions subsequent to the acquisition of the investment. The significant unobservable inputs used in the fair value measurement include the information about each portfolio company, including actual and forecasted results, cash position, recent or planned transactions and market comparable companies. Significant changes to any one of these inputs in isolation could result in a significant change in the fair value measurement, however, we generally consider all factors available through ongoing communication with the portfolio companies and venture capital fund managers to determine whether there are changes to the portfolio company or the environment that indicate a change in the fair value measurement.

Equity warrant assets (private portfolio): Fair value measurements of equity warrant assets of private portfolio companies are priced based on a modified Black-Scholes option pricing model to estimate the underlying asset value by using stated strike prices, option expiration dates, risk-free interest rates and option volatility assumptions. Option volatility assumptions used in the modified Black-Scholes model are based on public market indices whose members operate in similar industries as companies in our private company portfolio. Option expiration dates are modified to account for estimates to actual life relative to stated expiration. Overall model asset values are further adjusted for a general lack of liquidity due to the private nature of the associated underlying company. There is a direct correlation between changes in the volatility and remaining life assumptions in isolation and the fair value measurement while there is an inverse correlation between changes in the liquidity discount assumption and the fair value measurement.

It is our policy to maximize the use of observable inputs and minimize the use of unobservable inputs when developing fair value measurements. When available, we use quoted market prices to measure fair value. If market prices are not available, fair value measurement is based upon valuation techniques that use primarily market-based or independently-sourced market parameters, including interest rate yield curves, prepayment speeds, option volatilities and currency rates. Substantially all of our financial instruments use either of the foregoing methodologies, and are categorized as a Level 1 or Level 2 measurement in the fair value hierarchy. However, in certain cases, when market observable inputs for our valuation techniques may not be readily available, we are required to make judgments about assumptions we believe market participants would use in estimating the fair value of the financial instrument, and based on the significance of those judgments, the measurement may be determined to be a Level 3 fair value measurement.

        The degree of management judgment involved in determining the fair value of a financial instrument is dependent upon the availability of quoted market prices or observable market parameters. For financial instruments that trade actively and have quoted market prices or observable market parameters, there is minimal subjectivity involved in measuring fair value. When observable market prices and parameters are not fully available, management judgment is necessary to estimate fair value. For inactive markets, there is little information, if any, to evaluate if individual transactions are orderly. Accordingly, we are required to estimate, based upon all available facts and circumstances, the degree to which orderly transactions are occurring and provide more weighting to price quotes that are based upon orderly transactions. In addition, changes in the market conditions may reduce the availability of quoted prices or observable data. For example, reduced liquidity in the capital markets or changes in secondary market activities could result in observable market inputs becoming unavailable. Therefore, when market data is not available, we use valuation techniques requiring more management judgment to estimate the appropriate fair value measurement. Accordingly, the degree of judgment exercised by management in determining fair value is greater for financial assets and liabilities categorized as Level 3.

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The following fair value hierarchy tables present information about our assets and liabilities that are measured at fair value on a recurring basis as of June 30, 2012:

(Dollars in thousands)	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Balance as of June 30, 2012
Assets
Available-for-sale securities:
U.S. treasury securities	$	-	$	25,599	$	-	$	25,599
U.S. agency debentures		-		2,640,124		-		2,640,124
Residential mortgage-backed securities:
Agency-issued mortgage-backed securities		-		1,713,799		-		1,713,799
Agency-issued collateralized mortgage obligations - fixed rate		-		3,804,211		-		3,804,211
Agency-issued collateralized mortgage obligations - variable rate		-		2,108,449		-		2,108,449
Agency-issued commercial mortgage-backed securities		-		228,080		-		228,080
Municipal bonds and notes		-		99,694		-		99,694
Equity securities		995		-		-		995
Total available-for-sale securities		995		10,619,956		-		10,620,951
Non-marketable securities (fair value accounting):
Venture capital and private equity fund investments		-		-		639,596		639,596
Other venture capital investments		-		-		120,111		120,111
Total non-marketable securities (fair value accounting)		-		-		759,707		759,707
Other assets:
Marketable securities		1,042		3,694		-		4,736
Interest rate swaps		-		9,331		-		9,331
Foreign exchange forward and option contracts		-		20,582		-		20,582
Equity warrant assets		-		5,786		68,619		74,405
Loan conversion options		-		1,569		-		1,569
Client interest rate derivatives		-		57		-		57
Total assets (1)	$	2,037	$	10,660,975	$	828,326	$	11,491,338
Liabilities
Foreign exchange forward and option contracts	$	-	$	15,361	$	-	$	15,361
Client interest rate derivatives		-		59		-		59
Total liabilities	$	-	$	15,420	$	-	$	15,420

(1) Included in Level 1, Level 2, and Level 3 assets are $0.9 million, $3.5 million, and $671.9 million, respectively, attributable to noncontrolling interests calculated based on the ownership percentages of the noncontrolling interests.

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The following fair value hierarchy tables present information about our assets and liabilities that are measured at fair value on a recurring basis as of December 31, 2011:

(Dollars in thousands)	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Balance as of December  31, 2011
Assets
Available-for-sale securities:
U.S. treasury securities	$	-	$	25,964	$	-	$	25,964
U.S. agency debentures		-		2,874,932		-		2,874,932
Residential mortgage-backed securities:
Agency-issued mortgage-backed securities		-		1,564,286		-		1,564,286
Agency-issued collateralized mortgage obligations - fixed rate		-		3,373,760		-		3,373,760
Agency-issued collateralized mortgage obligations - variable rate		-		2,413,378		-		2,413,378
Agency-issued commercial mortgage-backed securities		-		178,693		-		178,693
Municipal bonds and notes		-		100,498		-		100,498
Equity securities		4,535		-		-		4,535
Total available-for-sale securities		4,535		10,531,511		-		10,536,046
Non-marketable securities (fair value accounting):
Venture capital and private equity fund investments		-		-		611,824		611,824
Other venture capital investments		-		-		124,121		124,121
Other investments		-		-		987		987
Total non-marketable securities (fair value accounting)		-		-		736,932		736,932
Other assets:
Marketable securities		1,410		-		-		1,410
Interest rate swaps		-		11,441		-		11,441
Foreign exchange forward and option contracts		-		18,326		-		18,326
Equity warrant assets		-		3,923		63,030		66,953
Loan conversion options		-		923		-		923
Client interest rate derivatives		-		50		-		50
Total assets (1)	$	5,945	$	10,566,174	$	799,962	$	11,372,081
Liabilities
Foreign exchange forward and option contracts	$	-	$	16,816	$	-	$	16,816
Client interest rate derivatives		-		52		-		52
Total liabilities	$	-	$	16,868	$	-	$	16,868

(1) Included in Level 1 and Level 3 assets are $1.2 million and $647.5 million, respectively, attributable to noncontrolling interests calculated based on the ownership percentages of the noncontrolling interests.

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The following table presents additional information about Level 3 assets measured at fair value on a recurring basis for the three and six months ended June 30, 2012 and 2011, respectively:

(Dollars in thousands)	Beginning Balance		Total Realized and Unrealized Gains (Losses) Included in Income		Purchases		Sales		Issuances		Distributions and Other Settlements		Transfers  Into Level 3		Transfers Out of Level 3		Ending Balance
Three months ended June 30, 2012:
Non-marketable securities (fair value accounting):
Venture capital and private equity fund investments	$	620,356	$	14,557	$	33,365	$	-	$	-	$	(28,682)	$	-	$	-	$	639,596
Other venture capital investments		127,951		(3,540)		211		(3,932)		-		16		-		(595)		120,111
Other investments		1,002		-		-		-		-		(1,002)		-		-		-
Total non-marketable securities (fair value accounting) (1)		749,309		11,017		33,576		(3,932)		-		(29,668)		-		(595)		759,707
Other assets:
Equity warrant assets (2)		65,217		5,853		-		(6,075)		3,873		-				(249)		68,619
Total assets	$	814,526	$	16,870	$	33,576	$	(10,007)	$	3,873	$	(29,668)	$	-	$	(844)	$	828,326
Three months ended June 30, 2011:
Non-marketable securities (fair value accounting):
Venture capital and private equity fund investments	$	464,377	$	32,423	$	37,335	$	-	$	-	$	(19,017)	$	-	$	-	$	515,118
Other venture capital investments		108,525		660		4,639		(4,042)		-		4,288		-		-		114,070
Other investments		995		-		-		-		-		-		-		-		995
Total non-marketable securities (fair value accounting) (1)		573,897		33,083		41,974		(4,042)		-		(14,729)		-		-		630,183
Other assets:
Equity warrant assets (2)		46,260		10,246		-		(9,924)		3,558		(1)		-		(362)		49,777
Total assets	$	620,157	$	43,329	$	41,974	$	(13,966)	$	3,558	$	(14,730)	$	-	$	(362)	$	679,960
Six months ended June 30, 2012:
Non-marketable securities (fair value accounting):
Venture capital and private equity fund investments	$	611,824	$	26,661	$	55,081	$	-	$	-	$	(53,970)	$	-	$	-	$	639,596
Other venture capital investments		124,121		(7,127)		7,935		(4,239)		-		16		-		(595)		120,111
Other investments		987		21		-		-		-		(1,008)		-		-		-
Total non-marketable securities (fair value accounting) (1)		736,932		19,555		63,016		(4,239)		-		(54,962)		-		(595)		759,707
Other assets:
Equity warrant assets (2)		63,030		9,648		-		(9,718)		6,173		1		-		(515)		68,619
Total assets	$	799,962	$	29,203	$	63,016	$	(13,957)	$	6,173	$	(54,961)	$	-	$	(1,110)	$	828,326
Six months ended June 30, 2011:
Non-marketable securities (fair value accounting):
Venture capital and private equity fund investments	$	391,247	$	75,991	$	77,400	$	-	$	-	$	(29,520)	$	-	$	-	$	515,118
Other venture capital investments		111,843		5,371		10,746		(18,178)		-		4,288		-		-		114,070
Other investments		981		20		-		-		-		(6)		-		-		995
Total non-marketable securities (fair value accounting) (1)		504,071		81,382		88,146		(18,178)		-		(25,238)		-		-		630,183
Other assets:
Equity warrant assets (2)		43,537		13,211		-		(13,462)		7,182		(63)		-		(628)		49,777
Total assets	$	547,608	$	94,593	$	88,146	$	(31,640)	$	7,182	$	(25,301)	$	-	$	(628)	$	679,960

(1) Realized and unrealized gains (losses) are recorded on the line items “gains on investment securities, net”, and “other noninterest income”, components of noninterest income.

(2) Realized and unrealized gains (losses) are recorded on the line item “gains on derivative instruments, net”, a component of noninterest income.

The following table presents the amount of unrealized gains (losses) included in earnings (which is inclusive of noncontrolling interest) attributable to Level 3 assets still held at June 30, 2012:

	Three months ended  June  30, 2012		Six months ended  June 30, 2012
Non-marketable securities (fair value accounting):
Venture capital and private equity fund investments	$	(9,872)	$	(16,986)
Other venture capital investments		10,819		8,208
Other investments		-		21
Total non-marketable securities (fair value accounting) (1)		947		(8,757)
Other assets:
Equity warrant assets (2)		2,888		3,392
Total unrealized gains	$	3,835	$	(5,365)
Unrealized gains (losses) attributable to noncontrolling interests	$	457	$	(9,425)

(1) Unrealized gains (losses) are recorded on the line items “gains on investment securities, net”, and “other noninterest income”, components of noninterest income.

(2) Unrealized gains are recorded on the line item “gains on derivative instruments, net”, a component of noninterest income.

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The following table presents quantitative information about the significant unobservable inputs used for certain of our Level 3 fair value measurements at June 30, 2012. We have not included in this table our venture capital and private equity fund investments (fair value accounting) as we use net asset value per share (as obtained from the general partners of the investments) as a practical expedient to determine fair value.

(Dollars in thousands)	Fair Value at June 30, 2012		Valuation Technique	Significant Unobservable Inputs	Weighted  Average
Other venture capital investments (fair value accounting)	$	120,111	Private company equity pricing	(1)	(1)
Equity warrant assets (private portfolio)		68,619	Modifed Black-Scholes option	Volatility	51.2%
			pricing model	Risk-Free interest rate	0.4%
				Marketability discount (2)	15.0%
				Remaining life assumption (3)	40.0%

(1) In determining the fair value of our other venture capital investment portfolio, we evaluate a variety of factors related to each underlying private portfolio company including, but not limited to, actual and forecasted results, cash position, recent or planned transactions and market comparable companies. Additionally, we have ongoing communication with the portfolio companies and venture capital fund managers, to determine whether there is a material change in fair value. These factors are specific to each portfolio company and a weighted average or range of values of the unobservable inputs is not meaningful.

(2) Our marketability discount is applied to all private company warrants to account for a general lack of liquidity due to the private nature of the associated underlying company. The quantitative measure used is based on long-run averages and is influenced over time by various factors, such as market conditions. On a quarterly basis, a sensitivity analysis is performed on our marketability discount.

(3) We adjust the contractual remaining term of private company warrants based on our best estimate of the actual remaining life, which we determine by utilizing historical data on cancellations and exercises. At June 30, 2012, the weighted average contractual remaining term was 6.5 years, compared to our estimated remaining life of 2.6 years. On a quarterly basis, a sensitivity analysis is performed on our remaining life assumption.

For the three and six months ended June 30, 2012 and 2011, we had no transfers between Level 1 and Level 2. Transfers from Level 3 to Level 2 for the three and six months ended June 30, 2012 included $0.6 million due to the IPO of one of our portfolio companies, which was included in our non-marketable securities portfolio. All other transfers from Level 3 to Level 2 for the three and six months ended June 30, 2012 and all transfers for the three and six months ended June 30, 2011 were due to the transfer of equity warrant assets from our private portfolio to our public portfolio (See our Level 3 reconciliation above). All amounts reported as transfers represent the fair value as of the date of the change in circumstances that caused the transfer.

Financial Instruments not Carried at Fair Value

FASB guidance over financial instruments requires that we disclose estimated fair values for our financial instruments not carried at fair value. Fair value estimates, methods and assumptions, set forth below for our financial instruments, are made solely to comply with these requirements.

Fair values are based on estimates or calculations at the transaction level using present value techniques in instances where quoted market prices are not available. Because broadly traded markets do not exist for many of our financial instruments, the fair value calculations attempt to incorporate the effect of current market conditions at a specific time. The aggregation of the fair value calculations presented herein does not represent, and should not be construed to represent, the underlying value of the Company.

The following describes the methods and assumptions used in estimating the fair values of financial instruments, excluding financial instruments already recorded at fair value as described above.

Cash and Cash Equivalents

Cash and cash equivalents include cash on hand, cash balances due from banks, interest-earning deposits, securities purchased under agreement to resell and other short-term investment securities. The carrying amount is a reasonable estimate of fair value because of the insignificant risk of changes in fair value due to changes in market interest rates, and the instruments are purchased in conjunction with our cash management activities.

Non-Marketable Securities (Cost and Equity Method Accounting)

Non-marketable securities (cost and equity method accounting) includes other investments (equity method accounting), low income housing tax credit funds (equity method accounting), venture capital and private equity fund investments (cost method accounting), and other venture capital investments (cost method accounting). The fair value of other investments (equity method accounting), venture capital and private equity fund investments (cost method accounting), and other venture capital investments (cost method accounting) is based on financial information obtained from the investee or obtained from the fund investments’ or debt fund investments’ respective general partners. For private company investments, fair value is based on consideration of a range of factors including, but not limited to, the price at which the investment was acquired, the term and nature of the investment, local market conditions, values for comparable securities, current and projected operating performance, exit strategies and financing transactions subsequent to the acquisition of the investment. For our fund investments, we utilize the net asset value per share as obtained from the general partners of the investments. We adjust the net asset value per share for differences between our measurement date and the date of the fund investment’s net asset value by using the most recently available financial information from the investee general partner, for example March 31^st, for our June 30^th consolidated financial statements, adjusted for any contributions paid, distributions received from the investment, and significant fund transactions or market events during the reporting period. The carrying value of our low income housing tax credit funds (equity method accounting) is a reasonable estimate of fair value.

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Loans

The fair value of fixed and variable rate loans is estimated by discounting contractual cash flows using rates that reflect current pricing for similar loans and the projected forward yield curve. This method is not based on the exit price concept of fair value required under ASC 820, Fair Value Measurements and Disclosures.

FHLB and FRB stock

Investments in FHLB and FRB stock are recorded at cost. The carrying amounts of these investments are reasonable estimates of fair value because the securities are restricted to member banks and they do not have a readily determinable market value.

Accrued Interest Receivable and Payable

The carrying amounts of accrued interest receivable and payable are reasonable estimates of fair value due to the short-term nature of these instruments.

Deposits

The fair value of deposits with no stated maturity, such as noninterest-bearing demand deposits, interest-bearing checking accounts, money market accounts and interest-bearing sweep deposits is equal to the amount payable on demand at the measurement date. The fair value of time deposits is estimated by discounting the cash flows using our cost of borrowings and the projected forward yield curve over their remaining contractual term.

Short-Term Borrowings

Short-term borrowings at June 30, 2012 included cash collateral received from our counterparty for our interest rate swap agreement related to our 6.05% Subordinated Notes. The carrying amount of the cash collateral is a reasonable estimate of fair value.

Long-Term Debt

Long-term debt at June 30, 2012 included our 5.375% Senior Notes, 7.0% Junior Subordinated Debentures and 6.05% Subordinated Notes. The fair value of long-term debt is generally based on quoted market prices, when available, or is estimated based on calculations utilizing third-party pricing services and current market spread, price indications from reputable dealers or observable market prices of the underlying instrument(s), whichever is deemed more reliable. Also included in the estimated fair value of our 6.05% Subordinated Notes are amounts related to the fair value of the interest rate swap associated with the note.

Off-Balance Sheet Financial Instruments

The fair value of net available commitments to extend credit is estimated based on the average amount we would receive or pay to execute a new agreement with identical terms and pricing, while taking into account the counterparties’ credit standing.

Letters of credit are carried at their fair value, which is equivalent to the residual premium or fee at June 30, 2012 or December 31, 2011. Commitments to extend credit and letters of credit typically result in loans with a market interest rate if funded.

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The information presented herein is based on pertinent information available to us as of June 30, 2012 and December 31, 2011. The following fair value hierarchy table presents the estimated fair values of our financial instruments that are not carried at fair value at June 30, 2012 and December 31, 2011:

			Estimated Fair Value
(Dollars in thousands)	Carrying Amount		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
June 30, 2012:
Financial assets:
Cash and cash equivalents	$	1,411,725	$	1,411,725	$	-	$	-
Non-marketable securities (cost and equity method accounting)		372,605		-		-		407,262
Net commercial loans		6,968,693		-		-		7,145,552
Net consumer loans		722,893		-		-		743,208
FHLB and FRB stock		39,301		-		-		39,301
Accrued interest receivable		62,359		-		62,359		-
Financial liabilities:
Other short-term borrowings		5,880		5,880		-		-
Non-maturity deposits (1)		17,900,604		17,900,604		-		-
Time deposits		168,208		-		167,917		-
5.375% Senior Notes		347,893		-		380,961		-
6.05% Subordinated Notes (2)		55,054		-		60,411		-
7.0% Junior Subordinated Debentures		55,285		-		51,897		-
Accrued interest payable		6,496		-		6,496		-
Off-balance sheet financial assets:
Commitments to extend credit		-		-		-		22,343
December 31, 2011:
Financial assets:
Cash and cash equivalents	$	1,114,948	$	1,114,948	$	-	$	-
Non-marketable securities (cost and equity method accounting)		267,508		-		-		290,393
Net commercial loans		6,192,578		-		-		6,336,705
Net consumer loans		687,557		-		-		627,733
FHLB and FRB stock		39,189		-		-		39,189
Accrued interest receivable		58,108		-		58,108		-
Financial liabilities:
Non-maturity deposits (1)		16,553,787		16,553,787		-		-
Time deposits		155,749		-		155,346		-
5.375% Senior Notes		347,793		-		362,786		-
6.05% Subordinated Notes (2)		55,075		-		57,746		-
5.70% Senior Notes (3)		143,969		-		145,184		-
7.0% Junior Subordinated Debentures		55,372		-		51,526		-
Other long-term debt		1,439		-		-		1,439
Accrued interest payable		6,689		-		6,689		-
Off-balance sheet financial assets:
Commitments to extend credit		-		-		-		21,232

(1) Includes noninterest-bearing demand deposits, interest-bearing checking accounts, money market accounts and interest-bearing sweep deposits.

(2) At June 30, 2012 and December 31, 2011, included in the carrying value and estimated fair value of our 6.05% Subordinated Notes was $9.3 million and $8.8 million, respectively, related to the fair value of the interest rate swap associated with the notes.

(3) At December 31, 2011, included in the carrying value and estimated fair value of our 5.70% Senior Notes was $2.6 million related to the fair value of the interest rate swap associated with the notes.

Investments in Entities that Calculate Net Asset Value Per Share

FASB guidance over certain fund investments requires that we disclose the fair value of funds, significant investment strategies of the investees, redemption features of the investees, restrictions on the ability to sell investments, estimate of the period of time over which the underlying assets are expected to be liquidated by the investee, and unfunded commitments related to the investments.

39

Our investments in debt funds and venture capital and private equity fund investments generally cannot be redeemed. Alternatively, we expect distributions, if any, to be received primarily through IPOs and M&A activity of the underlying assets of the fund. We currently do not have any plans to sell any of these fund investments. If we decide to sell these investments in the future, the investee fund’s management must approve of the buyer before the sale of the investments can be completed. The fair values of the fund investments have been estimated using the net asset value per share of the investments, adjusted for any differences between our measurement date and the date of the fund investment’s net asset value by using the most recently available financial information from the investee general partner, for example March 31^st, for our June 30^th consolidated financial statements, adjusted for any contributions paid, distributions received from the investment, and significant fund transactions or market events during the reporting period.

The following table is a summary of the estimated fair values of these investments and remaining unfunded commitments for each major category of these investments as of June 30, 2012:

(Dollars in thousands)	Carrying Amount		Fair Value		Unfunded       Commitments
Non-marketable securities (fair value accounting):
Venture capital and private equity fund investments (1)	$	639,596	$	639,596	$	377,037
Non-marketable securities (equity method accounting):
Other investments (2)		51,102		52,185		7,750
Non-marketable securities (cost method accounting):
Venture capital and private equity fund investments (3)		153,618		185,335		67,988
Total	$	844,316	$	877,116	$	452,775

(1) Venture capital and private equity fund investments within non-marketable securities (fair value accounting) include investments made by our managed funds of funds, one of our direct venture funds and one other private equity fund. These investments represent investments in venture capital and private equity funds that invest primarily in U.S. and global technology and life sciences companies. Included in the fair value and unfunded commitments of fund investments under fair value accounting are $562.6 million and $365.2 million, respectively, attributable to noncontrolling interests. It is estimated that we will receive distributions from the fund investments over the next 10 to 13 years, depending on the age of the funds and any potential extensions of terms of the funds.

(2) Other investments within non-marketable securities (equity method accounting) include investments in debt funds and venture capital and private equity fund investments that invest in or lend money to primarily U.S. and global technology and life sciences companies. It is estimated that we will receive distributions from the fund investments over the next 10 to 13 years, depending on the age of the funds.

(3) Venture capital and private equity fund investments within non-marketable securities (cost method accounting) include investments in venture capital and private equity fund investments that invest primarily in U.S. and global technology and life sciences companies. It is estimated that we will receive distributions from the fund investments over the next 10 to 13 years, depending on the age of the funds and any potential extensions of the terms of the funds.

14. Legal Matters

Certain lawsuits and claims arising in the ordinary course of business have been filed or are pending against us or our affiliates. In accordance with applicable accounting guidance, we establish accruals for all lawsuits, claims and expected settlements when we believe it is probable that a loss has been incurred and the amount of the loss is reasonably estimable. When a loss contingency is not both probable and estimable, we do not establish an accrual. Any such loss estimates are inherently uncertain, based on currently available information and are subject to management’s judgment and various assumptions. Due to the inherent subjectivity of these estimates and unpredictability of outcomes of legal proceedings, any amounts accrued may not represent the ultimate resolution of such matters.

To the extent we believe any potential loss relating to such lawsuits and claims may have a material impact on our liquidity, consolidated financial position, results of operations, and/or our business as a whole and is reasonably possible but not probable, we disclose information relating to any such potential loss, whether in excess of any established accruals or where there is no established accrual. We also disclose information relating to any material potential loss that is probable but not reasonably estimable. Where reasonably practicable, we will provide an estimate of loss or range of potential loss. No disclosures are generally made for any loss contingencies that are deemed to be remote.

Based upon information available to us, our review of lawsuits and claims filed or pending against us to date and consultation with our outside legal counsel, we have not recognized a material accrual liability for these matters, nor do we currently expect it is reasonably possible that these matters will result in a material liability to the Company. However, the outcome of litigation and other legal and regulatory matters is inherently uncertain, and it is possible that one or more of such matters currently pending or threatened could have an unanticipated material adverse effect on our liquidity, consolidated financial position, results of operations, and/or our business as a whole, in the future.

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15. Related Parties

During the six months ended June 30, 2012, the Bank made loans to related parties, including certain companies in which certain of our directors or their affiliated venture funds are beneficial owners of ten percent or more of the equity securities of such companies. Such loans: (a) were made in the ordinary course of business; (b) were made on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with other persons; and (c) did not involve more than the normal risk of collectability or present other unfavorable features. Additionally, we also provide real estate secured loans to eligible employees through our EHOP.

16. Subsequent Events

We have evaluated all material subsequent events and determined there are no events that require disclosure.

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ITEM 2.  MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Forward-Looking Statements

This Quarterly Report on Form 10-Q, including in particular “Management’s Discussion and Analysis of Financial Condition and Results of Operations” under Part I, Item 2 of this report, contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Management has in the past and might in the future make forward-looking statements orally to analysts, investors, the media and others. Forward-looking statements are statements that are not historical facts. Broadly speaking, forward-looking statements include, but are not limited to, the following:

— Projections of our net interest income, noninterest income, earnings per share, noninterest expenses (including professional services, compliance, compensation and other costs), cash flows, balance sheet positions, capital expenditures, liquidity and capitalization or other financial items

— Descriptions of our strategic initiatives, plans or objectives for future operations, including pending sales or acquisitions

— Forecasts of venture capital/private equity funding and investment levels

— Forecasts of future interest rates, economic performance, and income from investments

— Forecasts of expected levels of provisions for loan losses, loan growth and client funds

— Descriptions of assumptions underlying or relating to any of the foregoing

In this Quarterly Report on Form 10-Q, we make forward-looking statements, including, but not limited to, those discussing our management’s expectations about:

¡ Market and economic conditions (including interest rate environment, and levels of public offerings, mergers/acquisitions and venture capital financing activities) and the associated impact on us

¡ The sufficiency of our capital, including sources of capital (such as funds generated through retained earnings) and the extent to which capital may be used or required

¡ The adequacy of our liquidity position, including sources of liquidity (such as funds generated through retained earnings)

¡ Our overall investment plans, strategies and activities, including venture capital/private equity funding and investments, and our investment of excess cash/liquidity

¡ The realization, timing, valuation and performance of equity or other investments

¡ The likelihood that the market value of our impaired investments will recover

¡ Our intent to sell our investment securities prior to recovery of our cost basis, or the likelihood of such

¡ Expected cash requirements for unfunded commitments to certain investments, including capital calls

¡ Our overall management of interest rate risk, including managing the sensitivity of our interest-earning assets and interest-bearing liabilities to interest rates, and the impact to earnings from a change in interest rates

¡ The credit quality of our loan portfolio, including levels and trends of nonperforming loans, impaired loans, criticized loans and troubled debt restructurings

¡ The adequacy of reserves (including allowance for loan and lease losses) and the appropriateness of our methodology for calculating such reserves

¡ The level of loan and deposit balances

¡ The level of client investment fees and associated margins

¡ The profitability of our products and services

¡ Our strategic initiatives, including the expansion of operations in China, India, Israel, the UK and elsewhere (such as establishing our joint venture bank in China and a branch in the UK)

¡ The expansion and growth of our noninterest income sources

¡ Distributions of venture capital, private equity or debt fund investment proceeds; intentions to sell such fund investments

¡ The changes in, or adequacy of, our unrecognized tax benefits and any associated impact

¡ The impact from the IRS audit examination results

¡ The extent to which counterparties, including those to our forward and option contracts, will perform their contractual obligations

¡ The effect of application of certain accounting pronouncements

¡ The effect of lawsuits and claims

¡ Regulatory developments, including the nature and timing of the adoption and effectiveness of new requirements under the Dodd-Frank Act (as defined below), Basel guidelines, and other applicable laws and regulations

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You can identify these and other forward-looking statements by the use of words such as “becoming,” “may,” “will,” “should,” “predicts,” “potential,” “continue,” “anticipates,” “believes,” “estimates,” “seeks,” “expects,” “plans,” “intends,” the negative of such words, or comparable terminology. Although we believe that the expectations reflected in these forward-looking statements are reasonable, we have based these expectations on our beliefs as well as our assumptions, and such expectations may prove to be incorrect. Our actual results of operations and financial performance could differ significantly from those expressed in or implied by our management’s forward-looking statements.

For information with respect to factors that could cause actual results to differ from the expectations stated in the forward-looking statements, see “Risk Factors” set forth in our Annual Report on Form 10-K for the year ended December 31, 2011 (“2011 Form 10-K”), as filed with the SEC. We urge investors to consider all of these factors carefully in evaluating the forward-looking statements contained in this report. All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by these cautionary statements. The forward-looking statements included in this filing are made only as of the date of this filing. We assume no obligation and do not intend to revise or update any forward-looking statements contained in this Quarterly Report on Form 10-Q.

The following discussion and analysis of financial condition and results of operations should be read in conjunction with our interim unaudited consolidated financial statements and accompanying notes as presented in Part I, Item 1 of this report and in conjunction with our 2011 Form 10-K.

Reclassifications

Certain reclassifications have been made to prior period results to conform to the current period’s presentations. Such reclassifications had no effect on our results of operations or stockholders’ equity.

Management’s Overview of Second Quarter 2012 Performance

Overall, we had a strong second quarter of 2012, which reflected the strength of our clients and our business. We had net income available to common stockholders of $47.6 million and diluted earnings per common share of $1.06. In the second quarter of 2012, compared to the second quarter of 2011, we experienced exceptional loan growth with record high average balances of $7.2 billion. Our total client funds, which consists of on-balance sheet deposits and off-balance sheet client investment funds, also increased reflecting growth from our existing clients and strong new client acquisition. In addition, overall credit quality remains strong, and we saw continued growth in our core fee income (foreign exchange fees, deposit service charges, credit card fees, client investment fees and letter of credit and standby letter of credit income) and solid gains from our investment securities and warrant portfolio. Additionally, our liquidity and capital ratios continued to remain strong.

Second quarter 2012 results (compared to the second quarter 2011, where applicable) included:

¡ Continued strong growth in our lending business with record high average loan balances of $7.2 billion, an increase of $1.7 billion, or 30.8 percent.

¡ Strong overall credit quality, as reflected by our allowance for loan losses as a percentage of gross loans of 1.25 percent. Our provision for loan losses of $8.0 million for the second quarter of 2012 was primarily attributable to loan growth.

¡ Average deposit balances of $17.4 billion, an increase of $2.1 billion, or 14.0 percent. Average total client funds (including both average on-balance sheet deposits and off-balance sheet client investment funds) were $37.2 billion, an increase of $4.2 billion, or 12.8 percent.

¡ Net interest income (fully taxable equivalent basis) of $152.4 million, an increase of $21.5 million, primarily due to an increase in interest income from loans mainly attributable to growth in average balances of $1.7 billion. These increases were partially offset by lower yields earned on our overall loan portfolio.

¡ Our net interest margin increased to 3.22 percent, compared to 3.13 percent, primarily due to growth in average loan balances and lower cash balances from deployment into available-for-sale securities, which has resulted in a favorable change in our mix of interest-earning assets. The increases were partially offset by a decrease in the overall yield of our loan portfolio and available-for-sale securities.

¡ Gains on investment securities, net of noncontrolling interests, of $11.3 million, compared to $45.2 million. The gains on investment securities, net of noncontrolling interests included gains from the sale of certain available-for-sale of $5.0 million and $37.3 million in the second quarters of 2012 and 2011, respectively. See “Results of Operations—Noninterest Income—Gains on Investment Securities, Net” for further details and a reconciliation of gains on investment securities, net of noncontrolling interests.

¡ Core fee income of $33.2 million, an increase of $4.9 million, or 17.2 percent. This increase reflects increased client activity and continued growth in our business, primarily from credit card fees and foreign exchange fees. See “Results of Operations—Noninterest Income” for a description and reconciliation of core fee income.

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¡ Net gains on equity warrant assets of $4.9 million, compared to $13.9 million. The net gains of $4.9 million in the second quarter of 2012 were driven by M&A activity, and included gains of $3.3 million from valuation increases and gains of $2.2 million from the exercise of equity warrant assets.

¡ Net gains of $4.2 million from the sale of certain assets related to our equity management services business.

¡ Noninterest expense of $135.8 million, an increase of $14.7 million, or 12.2 percent. The increase was primarily due to increased premises and equipment and professional services expenses to support continued growth in our business and IT infrastructure initiatives. In addition, average full-time equivalent employees (“FTEs”) increased by 10.6 percent to 1,566 average FTEs, compared to 1,416 average FTEs, which contributed to an increase in salaries and wages expense.

¡ Overall, our liquidity remained strong based on our period end available-for-sale securities portfolio of $10.6 billion at June 30, 2012. Our available-for-sale securities portfolio continues to be a good source of liquidity as it is invested in high quality investments and generates substantial monthly cash flows. Additionally, our available-for-sale securities portfolio provides us the ability to secure wholesale borrowings, if needed.

¡ Overall, we continue to maintain strong capital positions. Our Tier 1 leverage ratios for both SVB Financial and the Bank increased as a result of strong earnings and an increase in additional paid-in capital primarily from stock issuances under our ESPP and stock option exercises during the second quarter of 2012. Our total risk-based capital for both SVB Financial and the Bank decreased due to changes in the mix of risk-weighted assets resulting from a large increase in period-end loans.

A summary of our performance for the three and six months ended June 30, 2012 and 2011 is as follows:

	Three months ended June 30,									Six months ended June 30,
(Dollars in thousands,  except per share data and ratios)	2012			2011			% Change			2012			2011			% Change
Income Statement:
Diluted earnings per share	$	1.06		$	1.50			(29.3)	%	$	1.85		$	2.27			(18.5)	%
Net income available to common stockholders		47,603			65,750			(27.6)			82,393			98,757			(16.6)
Net interest income		151,934			130,453			16.5			302,871			250,752			20.8
Net interest margin		3.22	%		3.13	%		9	bps		3.26	%		3.04	%		22	bps
Provision for (reduction of) loan losses	$	7,999		$	134			NM	%	$	22,528		$	(2,913)			NM	%
Noninterest income		80,426			123,708			(35.0)			139,719			213,662			(34.6)
Noninterest expense		135,766			121,032			12.2			267,778			238,467			12.3
Non-GAAP net income available to common stockholders (1)		42,069			41,363			1.7			76,859			74,370			3.3
Non-GAAP diluted earnings per share (1)		0.94			0.95			(1.1)			1.72			1.71			0.6
Non-GAAP noninterest income, net of noncontrolling interest and excluding gains on sales of available-for-sale-securities (2)		57,844			59,836			(3.3)			109,219			106,228			2.8
Non-GAAP noninterest expense, net of noncontrolling interest and excluding net gains from debt repurchases (3)		131,819			121,534			8.5			261,013			235,488			10.8
Balance Sheet:
Average loans, net of unearned income	$	7,237,182		$	5,532,831			30.8	%	$	7,020,765		$	5,423,051			29.5	%
Average noninterest-bearing demand deposits		12,264,003			9,551,686			28.4			12,145,000			9,350,705			29.9
Average interest-bearing deposits		5,143,633			5,718,053			(10.0)			5,041,700			5,619,101			(10.3)
Average total deposits		17,407,636			15,269,739			14.0			17,186,700			14,969,806			14.8
Earnings Ratios:
Return on average assets (annualized) (4)		0.92	%		1.44	%		(36.1)	%		0.81	%		1.10	%		(26.4)	%
Return on average common SVBFG stockholders’ equity (annualized) (5)		11.21			18.78			(40.3)			9.95			14.65			(32.1)
Asset Quality Ratios:
Allowance for loan losses as a percentage of total period-end gross loans		1.25	%		1.36	%		(11)	bps		1.25	%		1.36	%		(11)	bps
Allowance for loan losses for performing loans as a percentage of total gross performing loans		1.18			1.27			(9)			1.18			1.27			(9)
Gross loan charge-offs as a percentage of average total gross loans (annualized)		0.78			0.31			47			0.60			0.32			28
Net loan charge-offs (recoveries) as a percentage of average total gross loans (annualized)		0.59			0.00			59			0.41			(0.09)			50
Capital Ratios:
Total risk-based capital ratio		13.85	%		14.97	%		(112)	bps		13.85	%		14.97	%		(112)	bps
Tier 1 risk-based capital ratio		12.62			13.58			(96)			12.62			13.58			(96)
Tier 1 leverage ratio		8.07			8.04			3			8.07			8.04			3
Tangible common equity to tangible assets (6)		8.06			7.42			64			8.06			7.42			64
Tangible common equity to risk-weighted assets (6)		13.35			13.72			(37)			13.35			13.72			(37)
Bank total risk-based capital ratio		12.24			13.06			(82)			12.24			13.06			(82)
Bank tier 1 risk-based capital ratio		10.98			11.62			(64)			10.98			11.62			(64)
Bank tier 1 leverage ratio		7.01			6.82			19			7.01			6.82			19
Bank tangible common equity to tangible assets (6)		7.39			6.67			72			7.39			6.67			72
Bank tangible common equity to risk-weighted assets (6)		11.86			12.07			(21)			11.86			12.07			(21)
Other Ratios:
Operating efficiency ratio (7)		58.31	%		47.53	%		22.7	%		60.37	%		51.24	%		17.8	%
Non-GAAP operating efficiency ratio (3)		62.70			63.72			(1.6)			63.20			65.80			(4.0)
Book value per common share (8)	$	38.63		$	33.31			16.0		$	38.63		$	33.31			16.0
Other Statistics:
Average full-time equivalent employees		1,566			1,416			10.6	%		1,561			1,403			11.3	%
Period-end full-time equivalent employees		1,562			1,428			9.4			1,562			1,428			9.4

NM–Not meaningful

(1) “See Non-GAAP Net Income and Non-GAAP Diluted Earnings Per Common Share” for a description and reconciliation of non-GAAP net income available to common stockholders and non-GAAP diluted earnings per share.

(2) See “Results of Operations–Noninterest Income” for a description and reconciliation of non-GAAP noninterest income.

(3) See “Results of Operations–Noninterest Expense” for a description and reconciliation of non-GAAP noninterest expense and non-GAAP operating efficiency ratio.

(4) Ratio represents annualized consolidated net income available to common stockholders divided by quarterly average assets.

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(5) Ratio represents annualized consolidated net income available to common stockholders divided by quarterly average SVBFG stockholders’ equity.

(6) See “Capital Resources–Capital Ratios” for a reconciliation of non-GAAP tangible common equity to tangible assets and tangible common equity to risk-weighted assets.

(7) The operating efficiency ratio is calculated by dividing total noninterest expense by total taxable-equivalent net interest income plus noninterest income.

(8) Book value per common share is calculated by dividing total SVBFG stockholders’ equity by total outstanding common shares at period-end.

Non-GAAP Net Income and Non-GAAP Diluted Earnings Per Common Share

We use and report non-GAAP net income and non-GAAP diluted earnings per common share, which excludes gains from sales of certain available-for-sale securities and net gains from debt repurchases and termination of corresponding interest rate swaps, as well as gains from the sale of certain assets related to our equity management services business. We believe these non-GAAP financial measures, when taken together with the corresponding GAAP financial measures, provide meaningful supplemental information regarding our performance by excluding certain items that do not occur every reporting period. Our management uses, and believes that investors benefit from referring to, these non-GAAP financial measures in assessing our operating results and related trends, and when planning, forecasting and analyzing future periods. However, these non-GAAP financial measures should be considered in addition to, not as a substitute for or preferable to, financial measures prepared in accordance with GAAP.

A reconciliation of GAAP to non-GAAP net income available to common stockholders and non-GAAP diluted earnings per common share for the three and six months ended June 30, 2012 and 2011 is as follows:

	Three months ended June 30,				Six months ended June 30,
(Dollars in thousands, except per share data and ratios)	2012		2011		2012		2011
Net income available to common stockholders	$	47,603	$	65,750	$	82,393	$	98,757
Less: gains on sales of available-for-sale securities (1)		(4,955)		(37,314)		(4,955)		(37,314)
Tax impact of gains on sales of available-for-sale securities		1,974		14,810		1,974		14,810
Less: gains on the sale of certain assets related to our equity management services business (2)		(4,243)		-		(4,243)		-
Tax impact of gains on the sale of certain assets related to our equity management services business		1,690		-		1,690		-
Less: net gain from note repurchases and termination of corresponding interest rate swaps (3)		-		(3,123)		-		(3,123)
Tax impact of net gain from note repurchases and termination of corresponding interest rate swaps		-		1,240		-		1,240
Non-GAAP net income available to common stockholders	$	42,069	$	41,363	$	76,859	$	74,370
GAAP earnings per common share—diluted		1.06		1.50		1.85		2.27
Less: gains on sales of available-for-sale securities (1)		(0.11)		(0.85)		(0.11)		(0.86)
Tax impact of gains on sales of available-for-sale securities		0.05		0.34		0.04		0.34
Less: gains on the sale of certain assets related to our equity management services business (2)		(0.10)		-		(0.10)		-
Tax impact of gains on the sale of certain assets related to our equity management services business		0.04		-		0.04		-
Less: net gain from note repurchases and termination of corresponding interest rate swaps (3)		-		(0.07)		-		(0.07)
Tax impact of net gain from note repurchases and termination of corresponding interest rate swaps		-		0.03		-		0.03
Non-GAAP earnings per common share—diluted		0.94		0.95		1.72		1.71
Weighted average diluted common shares outstanding		44,711,895		43,739,743		44,572,656		43,559,345

(1) Gains on the sales of $315.7 million and $1.4 billion in certain available-for-sale securities in the second quarters of 2012 and 2011, respectively.

(2) Net gains of $4.2 million from the sale of certain assets related to our equity management services business in the second quarter of 2012.

(3) Net gains of $3.1 million from the repurchase of $108.6 million of our 5.70% Senior Notes and $204.0 million of our 6.05% Subordinated Notes and the termination of the corresponding portions of interest rate swaps in the second quarter of 2011.

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Critical Accounting Policies and Estimates

The accompanying management’s discussion and analysis of results of operations and financial condition is based upon our unaudited interim consolidated financial statements, which have been prepared in accordance with GAAP. The preparation of these financial statements in accordance with GAAP requires management to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues, expenses and related disclosure of contingent assets and liabilities. Management evaluates estimates and assumptions on an ongoing basis. Management bases its estimates on historical experiences and various other factors and assumptions that are believed to be reasonable under the circumstances. Actual results may differ materially from these estimates under different assumptions or conditions.

There have been no significant changes during the six months ended June 30, 2012 to the items that we disclosed as our critical accounting policies and estimates in “Management’s Discussion and Analysis of Financial Condition and Results of Operations” under Part II, Item 7 of our 2011 Form 10-K.

Results of Operations

Net Interest Income and Margin (Fully Taxable Equivalent Basis)

Net interest income is defined as the difference between interest earned on loans, available-for-sale securities and short-term investment securities, and interest paid on funding sources. Net interest income is our principal source of revenue. Net interest margin is defined as the amount of annualized net interest income, on a fully taxable equivalent basis, expressed as a percentage of average interest-earning assets. Net interest income and net interest margin are presented on a fully taxable equivalent basis to consistently reflect income from taxable loans and securities and tax-exempt securities based on the federal statutory tax rate of 35.0 percent.

Analysis of Net Interest Income Changes Due to Volume and Rate (Fully Taxable Equivalent Basis)

Net interest income is affected by changes in the amount and mix of interest-earning assets and interest-bearing liabilities, referred to as “volume change.” Net interest income is also affected by changes in yields earned on interest-earning assets and rates paid on interest-bearing liabilities, referred to as “rate change.” The following table sets forth changes in interest income for each major category of interest-earning assets and interest expense for each major category of interest-bearing liabilities. The table also reflects the amount of simultaneous changes attributable to both volume and rate changes for the years indicated. For this table, changes that are not solely due to either volume or rate are allocated in proportion to the percentage changes in average volume and average rate.

	2012 Compared to 2011						2012 Compared to 2011
	Three months ended June 30, Increase (decrease) due to change in						Six months ended June 30, Increase  (decrease) due to change in
(Dollars in thousands)	Volume		Rate		Total		Volume		Rate		Total
Interest income:
Federal Reserve deposits, federal funds sold, securities purchased under agreements to resell and other short-term investment securities	$	(857)	$	174	$	(683)	$	(2,043)	$	396	$	(1,647)
Available-for-sale securities (taxable)		6,117		(6,262)		(145)		14,398		(8,550)		5,848
Available-for-sale securities (non-taxable)		(28)		53		25		(84)		45		(39)
Loans, net of unearned income		26,951		(6,482)		20,469		51,825		(11,671)		40,154
Increase (decrease) in interest income, net		32,183		(12,517)		19,666		64,096		(19,780)		44,316
Interest expense:
NOW deposits		22		(11)		11		52		(39)		13
Money market deposits		90		(511)		(421)		162		(1,230)		(1,068)
Money market deposits in foreign offices		(26)		(70)		(96)		(19)		(152)		(171)
Time deposits		(164)		45		(119)		(384)		68		(316)
Sweep deposits in foreign offices		(107)		(213)		(320)		(275)		(752)		(1,027)
Total decrease in deposits expense		(185)		(760)		(945)		(464)		(2,105)		(2,569)
Short-term borrowings		95		6		101		87		9		96
5.375% Senior Notes		1		5		6		11		1		12
3.875% Convertible Notes		(656)		-		(656)		(4,210)		-		(4,210)
Junior Subordinated Debentures		(3)		3		-		(1)		(1)		(2)
5.70% Senior Notes		(279)		195		(84)		(651)		401		(250)
6.05% Subordinated Notes		(186)		(13)		(199)		(725)		(89)		(814)
Other long-term debt		(113)		66		(47)		(195)		143		(52)
Total (decrease) increase in borrowings expense		(1,141)		262		(879)		(5,684)		464		(5,220)
Decrease in interest expense, net		(1,326)		(498)		(1,824)		(6,148)		(1,641)		(7,789)
Increase (decrease) in net interest income	$	33,509	$	(12,019)	$	21,490	$	70,244	$	(18,139)	$	52,105

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Net Interest Income (Fully Taxable Equivalent Basis)

Three months ended June 30, 2012 and 2011

Net interest income increased by $21.5 million to $152.4 million for the three months ended June 30, 2012, compared to $130.9 million for the comparable 2011 period. Overall, we saw an increase in our net interest income primarily due to higher average loan balances, partially offset by lower yields earned on our loans.

The main factors affecting interest income and interest expense for the three months ended June 30, 2012, compared to the comparable 2011 period are discussed below:

• Interest income for the three months ended June 30, 2012 increased by $19.7 million primarily due to:

^¡  A $20.5 million increase in interest income on loans, primarily due to an increase in average loan balances of $1.7 billion, as well as an increase of $4.7 million in loan prepayment fees. These increases were partially offset by a decrease in the yield on our loan portfolio, which is consistent with our credit performance and also reflective of our success in growing our later stage client portfolio. Additionally, the trend in yields is being influenced by changes in the composition of our loan portfolio to a higher proportion of variable-rate loans tied to national Prime rate benchmarks and 3 month LIBOR, which has continued to decrease over the past several quarters.

^¡  Interest income on available-for-sale securities remained relatively flat, reflecting a $6.1 million increase related to higher average balances, offset by a $6.2 million decrease related to lower yields. The increase in average balances came primarily from new investments in fixed-rate mortgage securities in the latter half of 2011 and first quarter of 2012, which were purchased with excess cash as a result of our continued deposit growth. The decrease in yields came primarily from an increase of $9.1 million in premium amortization expense on fixed-rate mortgage securities, reflective of an increase in actual and estimated mortgage prepayment levels, which were impacted by a decrease in long-term market rates and growth in our mortgage securities balances. The decrease in yield from an increase in premium amortization expense was partially offset by a shift in our portfolio to a smaller proportion of lower-yielding variable-rate securities. For the three months ended June 30, 2012, average variable-rate securities were $2.2 billion, or 20.1 percent of our available-for-sale securities portfolio, compared to $2.8 billion, or 29.2 percent for the comparable 2011 period. These securities have variable-rate coupons that are indexed to and change with movements in the one-month LIBOR rate.

• Interest expense for the three months ended June 30, 2012 decreased by $1.8 million primarily due to:

^¡  A decrease in interest expense of $0.9 million related to our long-term debt, mainly attributable to a decrease of $0.7 million related to our $250 million 3.875% Convertible Notes, which matured on April 15, 2011.

^¡  A decrease in interest expense from interest-bearing deposits of $0.9 million, primarily due to decreases in rates paid on deposits throughout 2011, which is reflective of market rates.

Six months ended June 30, 2012 and 2011

Net interest income increased by $52.1 million to $303.8 million for the six months ended June 30, 2012, compared to $251.7 million for the comparable 2011 period. Overall, we saw an increase in our net interest income primarily due to higher average loan balances and growth in our available-for-sale securities portfolio, which has increased as a result of our continued growth in deposits. These increases were partially offset by lower yields earned on our loans and available-for-sale securities.

The main factors affecting interest income and interest expense for the six months ended June 30, 2012, compared to the comparable 2011 period are discussed below:

• Interest income for the six months ended June 30, 2012 increased by $44.3 million primarily due to:

^¡  A $40.2 million increase in interest income on loans, primarily due to an increase in average loan balances of $1.6 billion, as well as an increase of $6.6 million in loan prepayment fees. These increases were partially offset by a decrease in the yield on our loan portfolio, which is consistent with our credit performance and also reflective of our success in growing our later stage client portfolio. Additionally, the trend in yields is being influenced by changes in the composition of our loan portfolio to a higher proportion of variable-rate loans tied to national Prime rate benchmarks and 3 month LIBOR, which has continued to decrease over the past several quarters.

^¡  A $5.8 million increase in interest income on available-for-sale securities, reflecting a $14.3 million increase related to higher average balances, offset by a $8.5 million decrease related to lower yields. The increase in average balances came primarily from new investments in fixed-rate mortgage securities in the latter half of 2011 and first quarter of 2012, which were purchased with excess cash as a result of our continued deposit growth. The decrease in yields came primarily from an increase of $16.4 million in premium amortization expense on fixed-rate mortgage securities, reflective of an increase in actual and estimated mortgage prepayment levels, which were impacted by a decrease in long-term market rates and growth in our mortgage securities balances. The decrease in yield from an increase in premium amortization expense was partially offset by a shift in our portfolio to a smaller proportion of lower-yielding variable-rate securities. For the six months ended June 30, 2012, average variable-rate securities were $2.3 billion, or 21.2 percent of our available-for-sale securities portfolio, compared to $2.8 billion, or 31.2 percent for the comparable 2011 period.

• Interest expense for the six months ended June 30, 2012 decreased by $7.8 million primarily due to:

^¡  A decrease in interest expense of $5.3 million related to our long-term debt, primarily due to the maturity of $250.0 million of our 3.875% Convertible Notes in April 2011.

^¡  A decrease in interest expense from interest-bearing deposits of $2.6 million, primarily due to decreases in rates paid on deposits throughout 2011, which is reflective of market rates.

Net Interest Margin (Fully Taxable Equivalent Basis)

Our net interest margin was 3.22 percent and 3.26 percent for the three and six months ended June 30, 2012, respectively, compared to 3.13 percent and 3.04 percent for the comparable 2011 periods. The increases in our net interest margin were primarily due to growth in average loan balances and lower cash balances from deployment into available-for-sale securities, which has resulted in a favorable change in our mix of interest-earning assets. The increases were partially offset by a decrease in the overall yield of our loan portfolio and available-for-sale securities.

47

Average Balances, Yields and Rates Paid (Fully Taxable Equivalent Basis)

The average yield earned on interest-earning assets is the amount of annualized fully taxable equivalent interest income expressed as a percentage of average interest-earning assets. The average rate paid on funding sources is the amount of annualized interest expense expressed as a percentage of average funding sources. The following tables set forth average assets, liabilities, noncontrolling interests and SVBFG stockholders’ equity, interest income, interest expense, annualized yields and rates, and the composition of our annualized net interest margin for the three and six months ended June 30, 2012 and 2011:

Average Balances, Rates and Yields for the Three Months Ended June 30, 2012 and 2011

	Three months ended June 30,
	2012							2011
(Dollars in thousands)	Average Balance		Interest Income/ Expense		Yield/ Rate			Average Balance		Interest Income/ Expense		Yield/ Rate
Interest-earning assets:
Federal Reserve deposits, federal funds sold, securities purchased under agreements to resell and other short-term investment securities (1)	$	885,173	$	912		0.41	%	$	1,731,129	$	1,595		0.37	%
Available-for-sale securities: (2)
Taxable		10,839,571		44,072		1.64			9,419,378		44,217		1.88
Non-taxable (3)		92,123		1,384		6.04			93,939		1,359		5.80
Total loans, net of unearned income (4)		7,237,182		113,935		6.33			5,532,831		93,466		6.78
Total interest-earning assets		19,054,049		160,303		3.39			16,777,277		140,637		3.36
Cash and due from banks		275,921							274,044
Allowance for loan losses		(106,019)							(86,551)
Other assets (5)		1,666,925							1,289,761
Total assets	$	20,890,876						$	18,254,531
Funding sources:
Interest-bearing liabilities:
NOW deposits	$	97,675	$	79		0.33	%	$	71,360	$	68		0.38	%
Money market deposits		2,676,432		1,064		0.16			2,516,675		1,485		0.24
Money market deposits in foreign offices		120,323		30		0.10			162,419		126		0.31
Time deposits		158,743		181		0.46			307,600		300		0.39
Sweep deposits in foreign offices		2,090,460		260		0.05			2,659,999		580		0.09
Total interest-bearing deposits		5,143,633		1,614		0.13			5,718,053		2,559		0.18
Short-term borrowings		221,863		110		0.20			26,110		9		0.14
5.375% Senior Notes		347,860		4,816		5.57			347,665		4,810		5.55
3.875% Convertible Notes		-		-		-			38,446		656		6.84
Junior Subordinated Debentures		55,313		831		6.04			55,489		831		6.01
5.70% Senior Notes		95,322		360		1.52			188,610		444		0.94
6.05% Subordinated Notes		54,900		127		0.93			134,432		326		0.97
Other long-term debt		494		26		21.17			5,634		73		5.20
Total interest-bearing liabilities		5,919,385		7,884		0.54			6,514,439		9,708		0.60
Portion of noninterest-bearing funding sources		13,134,664							10,262,838
Total funding sources		19,054,049		7,884		0.17			16,777,277		9,708		0.23
Noninterest-bearing funding sources:
Demand deposits		12,264,003							9,551,686
Other liabilities		286,814							238,583
SVBFG stockholders’ equity		1,707,321							1,404,391
Noncontrolling interests		713,353							545,432
Portion used to fund interest-earning assets		(13,134,664)							(10,262,838)
Total liabilities, noncontrolling interest, and SVBFG stockholders’ equity	$	20,890,876						$	18,254,531
Net interest income and margin			$	152,419		3.22	%			$	130,929		3.13	%
Total deposits	$	17,407,636						$	15,269,739
Reconciliation to reported net interest income:
Adjustments for taxable equivalent basis				(485)							(476)
Net interest income, as reported			$	151,934						$	130,453

48

(1) Includes average interest-earning deposits in other financial institutions of $288.8 million and $286.6 million for the three months ended June 30, 2012 and 2011, respectively. For the three months ended June 30, 2012 and 2011, balances also include $394.7 million and $1.3 billion, respectively, deposited at the FRB, earning interest at the Federal Funds target rate.

(2) Yields on available-for-sale securities are based on amortized cost, and therefore do not give effect to unrealized changes in fair value that are reflected in other comprehensive income.

(3) Interest income on non-taxable available-for-sale securities is presented on a fully taxable-equivalent basis using the federal statutory income tax rate of 35.0 percent for all periods presented.

(4) Nonaccrual loans are reflected in the average balances of loans.

(5) Average investment securities of $1.3 billion and $907.0 million for the three months ended June 30, 2012 and 2011, respectively, were classified as other assets as they were noninterest-earning assets. These investments primarily consisted of non-marketable securities.

Average Balances, Rates and Yields for the Six Months Ended June 30, 2012 and 2011

	Six months ended June 30,
	2012							2011
(Dollars in thousands)	Average Balance		Interest Income/ Expense		Yield/ Rate			Average Balance		Interest Income/ Expense		Yield/ Rate
Interest-earning assets:
Federal Reserve deposits, federal funds sold, securities purchased under agreements to resell and other short-term investment securities (1)	$	1,028,291	$	1,950		0.38	%	$	2,132,803	$	3,597		0.34	%
Available-for-sale securities: (2)
Taxable		10,622,524		91,447		1.73			9,026,291		85,599		1.91
Non-taxable (3)		92,179		2,768		6.04			95,150		2,807		5.95
Total loans, net of unearned income (4)		7,020,765		223,396		6.40			5,423,051		183,242		6.81
Total interest-earning assets		18,763,759		319,561		3.43			16,677,295		275,245		3.32
Cash and due from banks		297,248							270,092
Allowance for loan losses		(99,929)							(87,261)
Other assets (5)		1,600,631							1,243,082
Total assets	$	20,561,709						$	18,103,208
Funding sources:
Interest-bearing liabilities:
NOW deposits	$	101,086	$	158		0.31	%	$	73,807	$	145		0.40	%
Money market deposits		2,573,607		1,993		0.16			2,439,751		3,061		0.25
Money market deposits in foreign offices		136,452		67		0.10			149,266		238		0.32
Time deposits		155,682		361		0.47			324,875		677		0.42
Sweep deposits in foreign offices		2,074,873		516		0.05			2,631,402		1,543		0.12
Total interest-bearing deposits		5,041,700		3,095		0.12			5,619,101		5,664		0.20
Short-term borrowings		124,639		121		0.20			32,980		25		0.15
5.375% Senior Notes		347,835		9,631		5.57			347,641		9,619		5.58
3.875% Convertible Notes		-		-		-			143,394		4,210		5.92
Junior Subordinated Debentures		55,335		1,663		6.04			55,511		1,665		6.05
5.70% Senior Notes		119,403		863		1.45			226,632		1,113		0.99
6.05% Subordinated Notes		55,076		254		0.93			210,437		1,068		1.02
Other long-term debt		967		94		19.55			5,449		146		5.40
Total interest-bearing liabilities		5,744,955		15,721		0.55			6,641,145		23,510		0.71
Portion of noninterest-bearing funding sources		13,018,804							10,036,150
Total funding sources		18,763,759		15,721		0.17			16,677,295		23,510		0.28
Noninterest-bearing funding sources:
Demand deposits		12,145,000							9,350,705
Other liabilities		306,746							237,261
SVBFG stockholders’ equity		1,665,789							1,359,848
Noncontrolling interests		699,219							514,249
Portion used to fund interest-earning assets		(13,018,804)							(10,036,150)
Total liabilities, noncontrolling interest, and SVBFG stockholders’ equity	$	20,561,709						$	18,103,208
Net interest income and margin			$	303,840		3.26	%			$	251,735		3.04	%
Total deposits	$	17,186,700						$	14,969,806
Reconciliation to reported net interest income:
Adjustments for taxable equivalent basis				(969)							(983)
Net interest income, as reported			$	302,871						$	250,752

49

(1) Includes average interest-earning deposits in other financial institutions of $310.5 million and $270.0 million for the six months ended June 30, 2012 and 2011, respectively. For the six months ended June 30, 2012 and 2011, balances also include $494.6 million and $1.6 billion, respectively, deposited at the FRB, earning interest at the Federal Funds target rate.

(2) Yields on available-for-sale securities are based on amortized cost, and therefore do not give effect to unrealized changes in fair value that are reflected in other comprehensive income.

(3) Interest income on non-taxable available-for-sale securities is presented on a fully taxable-equivalent basis using the federal statutory income tax rate of 35.0 percent for all periods presented.

(4) Nonaccrual loans are reflected in the average balances of loans.

(5) Average investment securities of $1.2 billion and $840.9 million for the six months ended June 30, 2012 and 2011, respectively, were classified as other assets as they were noninterest-earning assets. These investments primarily consisted of non-marketable securities.

Provision for (Reduction of) Loan Losses

Our provision for (reduction of) loan losses is based on our evaluation of the existing allowance for loan losses in relation to total gross loans using historical and other objective information, and on our qualitative assessment of the inherent and identified credit risks of the loan portfolio. The following table summarizes our allowance for loan losses for the three and six months ended June 30, 2012 and 2011:

	Three months ended June 30,						Six months ended June 30,
(Dollars in thousands)	2012			2011			2012			2011
Allowance for loan losses, beginning balance	$	100,922		$	82,051		$	89,947		$	82,627
Provision for (reduction of) loan losses		7,999			134			22,528			(2,913)
Gross loan charge-offs		(14,130)			(4,293)			(21,120)			(8,615)
Loan recoveries		3,375			4,263			6,811			11,056
Allowance for loan losses, ending balance	$	98,166		$	82,155		$	98,166		$	82,155
Provision for (reduction of) loan losses as a percentage of total gross loans (annualized)		0.41	%		0.01	%		0.58	%		(0.10)	%
Gross loan charge-offs as a percentage of average total gross loans (annualized)		0.78			0.31			0.60			0.32
Net loan charge-offs (recoveries) as a percentage of average total gross loans (annualized)		0.59			0.00			0.41			(0.09)
Allowance for loan losses as a percentage of period-end total gross loans		1.25			1.36			1.25			1.36
Period-end total gross loans	$	7,857,468		$	6,030,966		$	7,857,468		$	6,030,966
Average total gross loans		7,297,446			5,579,271			7,079,284			5,468,200

We had a provision for loan losses of $8.0 million for the three months ended June 30, 2012, compared to a provision of $0.1 million for the comparable 2011 period. The provision of $8.0 million in the second quarter of 2012 was primarily attributable to loan growth.

Gross loan charge-offs of $14.1 million for the three months ended June 30, 2012 included $7.1 million from a single nonperforming hardware loan that was specifically reserved for in the first quarter of 2012. The remaining charge-offs were primarily from our hardware and software client portfolios. Loan recoveries of $3.4 million for the three months ended June 30, 2012 were primarily from our software and other commercial client portfolios.

We had a provision for loan losses of $22.5 million for the six months ended June 30, 2012, compared to a reduction of provision of $2.9 million for the comparable 2011 period. The provision of $22.5 million for the six months ended June 30, 2012 was primarily due to net charge-offs of $14.3 million, of which $7.1 million related to the single nonperforming hardware loan noted above. Growth in loans also contributed to the provision for six months ended June 30, 2012.

Gross loan charge-offs of $21.1 million for the six months ended June 30, 2012 were primarily from our hardware client portfolio, including $7.1 million related to the single nonperforming hardware loan noted above. Loan recoveries of $6.8 million for the six months ended June 30, 2012 were primarily from our software client portfolio.

50

See “Consolidated Financial Condition—Credit Quality and Allowance for Loan Losses” below and Note 6—“Loans and Allowance for Loan Losses” of the “Notes to Interim Consolidated Financial Statements (unaudited)” under Part I, Item 1 of this report for further details on our allowance for loan losses.

Noninterest Income

A summary of noninterest income for the three and six months ended June 30, 2012 and 2011 is as follows:

	Three months ended June 30,							Six months ended June 30,
(Dollars in thousands)	2012		2011		% Change			2012		2011		% Change
Core fee income:
Foreign exchange fees	$	12,031	$	10,354		16.2	%	$	24,134	$	20,851		15.7	%
Deposit service charges		8,369		7,838		6.8			16,465		14,955		10.1
Credit card fees		6,169		4,364		41.4			11,837		8,181		44.7
Letters of credit and standby letters of credit income		3,296		2,702		22.0			6,932		5,412		28.1
Client investment fees		3,375		3,107		8.6			6,272		6,768		(7.3)
Total core fee income (1)		33,240		28,365		17.2			65,640		56,167		16.9
Gains on investment securities, net		25,809		71,680		(64.0)			33,648		123,017		(72.6)
Gains on derivative instruments, net		8,713		13,651		(36.2)			14,689		14,202		3.4
Other		12,664		10,012		26.5			25,742		20,276		27.0
Total noninterest income	$	80,426	$	123,708		(35.0)		$	139,719	$	213,662		(34.6)

(1) The following table provides a reconciliation GAAP noninterest income to non-GAAP core fee income:

	Three months ended June 30,							Six months ended June 30,
(Dollars in thousands)	2012		2011		% Change			2012		2011		% Change
GAAP noninterest income (as reported)	$	80,426	$	123,708		(35.0)	%	$	139,719	$	213,662		(34.6)	%
Less: gains on investment securities, net		25,809		71,680		(64.0)			33,648		123,017		(72.6)
Less: gains on derivative instruments, net		8,713		13,651		(36.2)			14,689		14,202		3.4
Less: other noninterest income		12,664		10,012		26.5			25,742		20,276		27.0
Non-GAAP core fee income	$	33,240	$	28,365		17.2		$	65,640	$	56,167		16.9

Included in net income is income and expense attributable to noncontrolling interests. We recognize, as part of our investment funds management business through SVB Capital and Debt Fund Investments, the entire income or loss from funds where we own significantly less than 100% of the investment. We are required under GAAP to consolidate 100% of the results of entities that we are deemed to control, even though we may own less than 100% of such entities. The relevant amounts attributable to investors other than us are reflected under “Net Income Attributable to Noncontrolling Interests” on our statements of income. The non-GAAP tables presented below, for noninterest income and net gains on investment securities, all exclude noncontrolling interests. We believe these non-GAAP financial measures, when taken together with the corresponding GAAP financial measures, provide meaningful supplemental information regarding our performance by excluding certain items that represent income attributable to investors other than us and our subsidiaries. Our management uses, and believes that investors benefit from referring to, these non-GAAP financial measures in assessing our operating results and when planning, forecasting and analyzing future periods. However, these non-GAAP financial measures should be considered in addition to, not as a substitute for or preferable to, financial measures prepared in accordance with GAAP.

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The following table provides a summary of non-GAAP noninterest income, net of noncontrolling interests:

	Three months ended June 30,							Six months ended June 30,
Non-GAAP noninterest income, net of  noncontrolling interests  (Dollars in thousands)	2012		2011		% Change			2012		2011		% Change
GAAP noninterest income (as reported)	$	80,426	$	123,708		(35.0)	%	$	139,719	$	213,662		(34.6)	%
Less: income attributable to noncontrolling interests, including carried interest		13,384		26,558		(49.6)			21,302		70,120		(69.6)
Non-GAAP noninterest income, net of noncontrolling interests		67,042		97,150		(31.0)			118,417		143,542		(17.5)
Less: gains on sales of certain available-for-sale securities		4,955		37,314		(86.7)			4,955		37,314		(86.7)
Less: net gains on the sale of certain assets related to our equity management services business		4,243		-		-			4,243		-		-
Non-GAAP noninterest income, net of noncontrolling interests and excluding gains on sales of certain available-for-sale securities	$	57,844	$	59,836		(3.3)		$	109,219	$	106,228		2.8

Foreign Exchange Fees

Foreign exchange fees were $12.0 million and $24.1 million for the three and six months ended June 30, 2012, respectively, compared to $10.4 million and $20.9 million for the comparable 2011 periods. The increases were primarily due to improved business conditions for our clients and increased volatility in foreign markets, which has resulted in an improvement in our spread as well as higher number of trades.

Credit Card Fees

Credit card fees were $6.2 million and $11.8 million for the three and six months ended June 30, 2012, compared to $4.4 million and $8.2 million for the comparable 2011 periods. The increases were primarily due to new credit card clients and an increase in client activity.

Client Investment Fees

Client investment fees were $3.4 million and $6.3 million for the three and six months ended June 30, 2012, compared to $3.1 million and $6.8 million for the comparable 2011 periods. The increase for the three month period was primarily due to an increase in average client investment funds due to a steadily improving funding environment for both private and public clients, as well as our clients’ increased utilization of our off-balance sheet sweep money market funds. The decrease for the six month period was primarily attributable to lower margins earned on certain products owing to historically low rates in the short-term fixed income markets and was partially offset by an increase in average client investment funds. The following table summarizes average client investment funds for the three and six months ended June 30, 2012 and 2011:

	Three months ended June 30,							Six months ended June 30,
(Dollars in millions)	2012		2011		% Change			2012		2011		% Change
Client directed investment assets (1)	$	7,133	$	9,134		(21.9)	%	$	7,344	$	9,236		(20.5)	%
Client investment assets under management		10,472		8,540		22.6			10,229		8,008		27.7
Sweep money market funds		2,259		85		NM			1,800		42		NM
Total average client investment funds (2)	$	19,864	$	17,759		11.9		$	19,373	$	17,286		12.1

NM—Not meaningful

(1) Comprised of mutual funds and Repurchase Agreement Program assets.

(2) Client investment funds are maintained at third party financial institutions and are not recorded on our balance sheet.

The following table summarizes period-end client investment funds at June 30, 2012 and December 31, 2011:

(Dollars in millions)	June 30, 2012		December 31, 2011		% Change
Client directed investment assets	$	7,003	$	7,709		(9.2	)  %
Client investment assets under management		10,399		9,919		4.8
Sweep money market funds		2,695		1,116		141.5
Total period-end client investment funds	$	20,097	$	18,744		7.2

Gains on Investment Securities, Net

Net gains on investment securities include both gains from our non-marketable and marketable securities, as well as gains from sales of our available-for-sale securities portfolio, when applicable.

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Our available-for-sale securities portfolio is managed to optimize portfolio yield over the long-term in a manner consistent with our liquidity, credit diversification, and asset/liability strategies. Though infrequent, the sale of investments from our available-for-sale portfolio results in net gains or losses on investment securities.

We experience variability in the performance of our non-marketable and marketable investments from quarter to quarter, which results in net gains or losses on investment securities. This variability is due to a number of factors, including changes in the values of our investments, changes in the amount of distributions or liquidity events and general economic and market conditions. Such variability may lead to volatility in the gains from investment securities and as such our results for a particular period are not necessarily indicative of our expected performance in a future period.

For the three months ended June 30, 2012, we had net gains on investment securities of $25.8 million, compared to net gains of $71.7 million for the comparable 2011 period. Gains on investment securities, net of noncontrolling interests, were $11.3 million for the three months ended June 30, 2012, compared to $45.2 million for the comparable 2011 period. The gains, net of noncontrolling interests, of $11.3 million for the three months ended June 30, 2012 were primarily driven by the following:

• Gains of $6.7 million from our nonmarketable securities, primarily related to unrealized gains from investments in debt funds and certain fund investments.

• Gains of $5.0 million from the sale of $315.7 million U.S. agency securities that were held in our available-for-sale portfolio. Proceeds from the sale of these securities were used to reduce overnight borrowings.

For the six months ended June 30, 2012, we had net gains on investment securities of $33.6 million, compared to net gains of $123.0 million for the comparable 2011 period. Gains on investment securities, net of noncontrolling interests, were $11.8 million for the six months ended June 30, 2012, compared to $53.2 million for the comparable 2011 period. The gains, net of noncontrolling interests, of $11.8 million for the six months ended June 30, 2012 were primarily driven by the following:

• Gains of $8.1 million from our nonmarketable securities, primarily related to unrealized gains from investments in debt funds and certain fund investments.

• Gains of $5.0 million from the sale of $315.7 million U.S. agency securities that were held in our available-for-sale portfolio. Proceeds from the sale of these securities were used to reduce overnight borrowings.

The following tables provide a summary of net gains on investment securities, net of noncontrolling interests, for the three and six months ended June 30, 2012 and 2011:

(Dollars in thousands)	Managed Funds of Funds		Managed Direct Venture Funds		Debt Funds		Available- For-Sale Securities		Strategic and Other Investments		Total
Three months ended June 30, 2012
Total gains on investment securities, net	$	14,464	$	1,059	$	2,503	$	4,567	$	3,216	$	25,809
Less: income attributable to noncontrolling interests, including carried interest		13,286		1,201		15		-		-		14,502
Non-GAAP net gains (losses) on investment securities, net of noncontrolling interests		1,178		(142)		2,488		4,567		3,216		11,307
Less: gain on sales of available-for-sale securities		-		-		-		4,955		-		4,955
Non-GAAP net gains (losses) on investment securities, net of noncontrolling interests and excluding gains on sales of certain available-for-sale securities	$	1,178	$	(142)	$	2,488	$	(388)	$	3,216	$	6,352
Three months ended June 30, 2011
Total gains (losses) on investment securities, net	$	31,984	$	(1,840)	$	814	$	37,221	$	3,501	$	71,680
Less: income (losses) attributable to noncontrolling interests, including carried interest		27,752		(1,066)		(249)		-		-		26,437
Non-GAAP net gains (losses) on investment securities, net of noncontrolling interests		4,232		(774)		1,063		37,221		3,501		45,243
Less: gain on sales of available-for-sale securities		-		-		-		37,314		-		37,314
Non-GAAP net gains (losses) on investment securities, net of noncontrolling interests and excluding gains on sales of certain available-for-sale securities	$	4,232	$	(774)	$	1,063	$	(93)	$	3,501	$	7,929
Six months ended June 30, 2012
Total gains (losses) on investment securities, net	$	26,769	$	(3,623)	$	3,384	$	3,693	$	3,425	$	33,648
Less: income (losses) attributable to noncontrolling interests, including carried interest		24,568		(2,758)		30		-		-		21,840
Non-GAAP net gains (losses) on investment securities, net of noncontrolling interests		2,201		(865)		3,354		3,693		3,425		11,808
Less: gain on sales of available-for-sale securities		-		-		-		4,955		-		4,955
Non-GAAP net gains (losses) on investment securities, net of noncontrolling interests and excluding gains on sales of certain available-for-sale securities	$	2,201	$	(865)	$	3,354	$	(1,262)	$	3,425	$	6,853
Six months ended June 30, 2011
Total gains on investment securities, net	$	75,376	$	2,106	$	3,102	$	37,283	$	5,150	$	123,017
Less: income attributable to noncontrolling interests, including carried interest		66,962		2,820		40		-		-		69,822
Non-GAAP net gains (losses) on investment securities, net of noncontrolling interests		8,414		(714)		3,062		37,283		5,150		53,195
Less: gain on sales of available-for-sale securities		-		-		-		37,314		-		37,314
Non-GAAP net gains (losses) on investment securities, net of noncontrolling interests and excluding gains on sales of certain available-for-sale securities	$	8,414	$	(714)	$	3,062	$	(31)	$	5,150	$	15,881

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Gains on Derivative Instruments, Net

A summary of gains on derivative instruments, net, for the three and six months ended June 30, 2012 and 2011 is as follows:

	Three months ended June 30,							Six months ended June 30,
(Dollars in thousands)	2012		2011		% Change			2012		2011		% Change
Equity warrant assets (1)
Gains on exercises, net	$	2,219	$	7,581		(70.7)	%	$	5,160	$	9,605		(46.3)	%
Cancellations and expirations		(603)		(723)		(16.6)			(1,172)		(1,304)		(10.1)
Changes in fair value		3,260		7,003		(53.4)			7,823		9,556		(18.1)
Net gains on equity warrant assets (2)		4,876		13,861		(64.8)			11,811		17,857		(33.9)
Gains (losses) on foreign exchange forward contracts, net:
Gains on client foreign exchange forward contracts, net		1,330		315		NM			2,395		790		NM
Gains (losses) on internal foreign exchange forward contracts, net (3)		2,993		(483)		NM			942		(3,051)		(130.9)
Total gains (losses) on foreign exchange forward contracts, net		4,323		(168)		NM			3,337		(2,261)		NM
Change in fair value of interest rate swaps		108		(67)		NM			497		(67)		NM
Net (losses) gains on other derivatives (4)		(594)		25		NM			(956)		(1,327)		(28.0)
Gains on derivative instruments, net	$	8,713	$	13,651		(36.2)		$	14,689	$	14,202		3.4

NM—Not meaningful

(1) At June 30, 2012, we held warrants in 1,215 companies, compared to 1,153 companies at June 30, 2011.

(2) Net gains on equity warrant assets are included in the line item “Gains on derivative instruments, net” as part of noninterest expense.

(3) Represents the change in the fair value of foreign exchange forward contracts used to economically reduce our foreign exchange exposure related to certain foreign currency denominated loans. This is offset by the gains and losses from the revaluations of these foreign currency denominated loans, which are recorded in the line item “Other” as part of noninterest income, a component of consolidated net income.

(4) Primarily represents the change in fair value of loan conversion options held by SVB Financial. As of June 30, 2012, the loan conversion options related to five clients.

Net gains on derivative instruments were $8.7 million for the three months ended June 30, 2012, compared to net gains of $13.7 million for the comparable 2011 period. The key changes in factors affecting net gains on derivative instruments were as follows:

• Net gains on equity warrant assets of $4.9 million for the three months ended June 30, 2012, compared to net gains of $13.9 million for the comparable 2011 period. The net gains of $4.9 million for the three months ended June 30, 2012 were primarily driven by valuation increases and gains from the exercise of equity warrant assets, primarily from M&A activity.

• Net gains of $3.0 million on foreign exchange forward contracts for our foreign currency denominated loans for the three months ended June 30, 2012, compared to net losses of $0.5 million for the comparable 2011 period. The net gains of $3.0 million for the three months ended June 30, 2012 were primarily due to the strengthening of the U.S. Dollar against the Euro and Pound Sterling, and were partially offset by net losses of $3.1 million from the revaluation of foreign currency denominated loans that are included in the line item “Other” as part of noninterest income.

Net gains on derivative instruments were $14.7 million for the six months ended June 30, 2012, compared to net gains of $14.2 million for the comparable 2011 period. The key changes in factors affecting net gains on derivative were as follows:

• Net gains on equity warrant assets of $11.8 million for the six months ended June 30, 2012, compared to net gains of $17.9 million for the comparable 2011 period. The net gains of $11.8 million for the six months ended June 30, 2012 were driven by valuation increases and gains from the exercise of equity warrant assets, primarily from M&A and IPO activity.

• Net gains of $0.9 million on foreign exchange forward contracts hedging our foreign currency denominated loans for the six months ended June 30, 2012, compared to net losses of $3.1 million for the comparable 2011 period. The net gains of $0.9 million for the six months ended June 30, 2012 were primarily due to the strengthening of the U.S. Dollar against the Euro and Pound Sterling, and were partially offset by net losses of $1.5 million from the revaluation of foreign currency denominated loans that are included in the line item “Other” as part of noninterest income.

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Other Noninterest Income

A summary of other noninterest income for the three and six months ended June 30, 2012 and 2011, respectively, is as follows:

	Three months ended June 30,							Six months ended June 30,
(Dollars in thousands)	2012		2011		% Change			2012		2011		% Change
Unused commitment fees	$	3,678	$	1,808		103.4	%	$	6,733	$	3,294		104.4	%
Fund management fees		3,124		2,663		17.3			5,952		5,351		11.2
Service-based fee income (1)		2,172		2,587		(16.0)			4,546		4,812		(5.5)
Net gains on the sale of certain assets related to our equity management services business		4,243		-		-			4,243		-		-
Loan syndication fees		1,375		870		58.0			1,500		870		72.4
Currency revaluation losses (2)		(1,548)		(881)		75.7			(933)		(1,121)		(16.8)
(Losses) gains on revaluation of foreign currency loans, net		(3,125)		502		NM			(1,466)		3,191		(145.9)
Other		2,745		2,463		11.4			5,167		3,879		33.2
Total other noninterest income	$	12,664	$	10,012		26.5		$	25,742	$	20,276		27.0

NM—Not meaningful

(1) Includes income from SVB Analytics

(2) Included in currency revaluation losses are losses of $1.3 million and $0.8 million for the three and six months ended June 30, 2012, compared to gains of $44 thousand and $0.2 million for the comparable 2011 periods attributable to noncontrolling interests calculated based on the ownership percentages of the noncontrolling interests.

Other noninterest income was $12.7 million and $25.7 million for the three and six months ended June 30, 2012, compared to $10.0 million and $20.3 million for the comparable 2011 periods. The increase of $2.7 million for the three month period was due to gains of $4.2 million on the sale of certain assets related to our equity management services business and a $1.9 million increase in unused commitment fees resulting from the prospective reclassification of certain fees from interest income to noninterest income. The comparable amount of these fees included in interest income in the second quarter of 2011 was $1.0 million. The increases in other noninterest income were partially offset by foreign currency loan revaluation losses of $3.1 million for the three months ended June 30, 2012, compared to net gains of $0.5 million for the comparable 2011 period. The net losses of $3.1 million for the three months ended June 30, 2012 were primarily due to the strengthening of the U.S. Dollar against the Euro and Pound Sterling.

The increase of $5.5 million for the six month period was due to gains of $4.2 million on the sale of certain assets related to our equity management services business and a $3.4 million increase in unused commitment fees, primarily resulting from the prospective reclassification of certain fees from interest income to noninterest income. The comparable amount of these fees included in interest income in the six months ended June 30, 2011 was $2.1 million. The increases in other noninterest income were partially offset by foreign currency loan revaluation losses of $1.5 million for the six months ended June 30, 2012, compared to net gains of $3.2 million for the comparable 2011 period. The net losses of $1.5 million for the six months ended June 30, 2012 were primarily due to the strengthening of the U.S. Dollar against the Euro and Pound Sterling.

Noninterest Expense

A summary of noninterest expense for the three and six months ended June 30, 2012 and 2011 is as follows:

	Three months ended June 30,							Six months ended June 30,
(Dollars in thousands)	2012		2011		% Change			2012		2011		% Change
Compensation and benefits	$	80,385	$	79,888		0.6	%	$	164,122	$	155,520		5.5	%
Professional services		16,514		13,891		18.9			31,121		26,878		15.8
Premises and equipment		9,419		6,440		46.3			16,983		12,352		37.5
Business development and travel		7,159		5,890		21.5			14,905		11,543		29.1
Net occupancy		5,378		4,546		18.3			11,001		9,196		19.6
Correspondent bank fees		2,840		2,202		29.0			5,528		4,365		26.6
FDIC assessments		2,731		2,163		26.3			5,229		5,638		(7.3)
Provision for unfunded credit commitments		1,922		976		96.9			1,664		76		NM
Other		9,418		5,036		87.0			17,225		12,899		33.5
Total noninterest expense	$	135,766	$	121,032		12.2		$	267,778	$	238,467		12.3

NM—Not meaningful

Included in noninterest expense is expense attributable to noncontrolling interests. See below for a summary of non-GAAP noninterest expense and non-GAAP operating efficiency ratio, both of which exclude noncontrolling interests.

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Non-GAAP Noninterest Expense

We use and report non-GAAP noninterest expense, non-GAAP taxable equivalent revenue and non-GAAP operating efficiency ratio, which excludes noncontrolling interests. We believe these non-GAAP financial measures, when taken together with the corresponding GAAP financial measures, provide meaningful supplemental information regarding our performance by: (i) excluding certain items that represent expenses attributable to investors other than us and our subsidiaries, or certain items that do not occur every reporting period; or (ii) providing additional information used by management that is not otherwise required by GAAP or other applicable requirements. Our management uses, and believes that investors benefit from referring to, these non-GAAP financial measures in assessing our operating results and when planning, forecasting and analyzing future periods. However, these non-GAAP financial measures should be considered in addition to, not as a substitute for or preferable to, financial measures prepared in accordance with GAAP. The table below provides a summary of non-GAAP noninterest expense and non-GAAP operating efficiency ratio, both net of noncontrolling interests:

	Three months ended June 30,									Six months ended June 30,
Non-GAAP operating efficiency ratio, net of noncontrolling interests (Dollars in thousands, except ratios)	2012			2011			% Change			2012			2011			% Change
GAAP noninterest expense	$	135,766		$	121,032			12.2	%	$	267,778		$	238,467			12.3	%
Less: amounts attributable to noncontrolling interests		3,947			2,621			50.6			6,765			6,102			10.9
Less: net gain from note repurchases and termination of corresponding interest rate swaps		-			(3,123)			(100.0)			-			(3,123)			(100.0)
Non-GAAP noninterest expense, net of noncontrolling interests	$	131,819		$	121,534			8.5		$	261,013		$	235,488			10.8
GAAP taxable equivalent net interest income	$	152,419		$	130,929			16.4		$	303,840		$	251,735			20.7
Less: income attributable to noncontrolling interests		38			45			(15.6)			81			52			55.8
Non-GAAP taxable equivalent net interest income, net of noncontrolling interests		152,381			130,884			16.4			303,759			251,683			20.7
Non-GAAP noninterest income, net of noncontrolling interests		57,844			59,836			(3.3)			109,219			106,228			2.8
Non-GAAP taxable equivalent revenue, net of noncontrolling interests	$	210,225		$	190,720			10.2		$	412,978		$	357,911			15.4
Non-GAAP operating efficiency ratio (1)		62.70	%		63.72	%		(1.6)			63.20	%		65.80	%		(3.9)

(1) The non-GAAP operating efficiency ratio is calculated by dividing non-GAAP noninterest expense by non-GAAP total taxable-equivalent income.

Compensation and Benefits Expense

The following table provides a summary of our compensation and benefits expense:

	Three months ended June 30,							Six months ended June 30,
(Dollars in thousands)	2012		2011		% Change			2012		2011		% Change
Compensation and benefits
Salaries and wages	$	37,501	$	32,634		14.9	%	$	75,621	$	66,441		13.8	%
Incentive compensation & ESOP		20,838		26,978		(22.8)			41,985		47,987		(12.5)
Other employee benefits (1)		22,046		20,276		8.7			46,516		41,092		13.2
Total compensation and benefits	$	80,385	$	79,888		0.6		$	164,122	$	155,520		5.5
Period-end full-time equivalent employees		1,562		1,428		9.4			1,562		1,428		9.4
Average full-time equivalent employees		1,566		1,416		10.6			1,561		1,403		11.3

(1) Other employee benefits includes employer payroll taxes, group health and life insurance, share-based compensation, 401(k), warrant and retention plans, agency fees and other employee related expenses.

Compensation and benefits expense was $80.4 million for the three months ended June 30, 2012, compared to $79.9 million for the comparable 2011 period. The key changes in factors affecting compensation and benefits expense were as follows:

• An increase of $4.9 million in salaries and wages expense, primarily due to an increase in the number of average FTEs, which increased by 150 to 1,566 average FTEs in the second quarter of 2012, compared to 1,416 average FTE for the comparable 2011 period. The increase in headcount was primarily to support our product development, operational and sales and advisory, as well as to support our commercial banking operations and initiatives.

• A decrease of $6.1 million in incentive compensation and ESOP expense primarily reflective of higher expenses in the second quarter of 2011 as a result of our better than expected results.

Compensation and benefits expense was $164.1 million for the six months ended June 30, 2012, compared to $155.5 million for the comparable 2011 period. The key changes in factors affecting compensation and benefits expense were as follows:

• An increase of $9.2 million in salaries and wages expense, primarily due to an increase in the number of average FTEs, which increased by 158 to 1561 average FTEs in the six month ended June 30, 2012, compared to 1,403 average FTEs for the comparable 2011 period. The increase in headcount was primarily to support our product development, operational and sales and advisory, as well as to support our commercial banking operations and initiatives.

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• An increase of $5.4 million in other employee benefits, primarily due to an increase in average FTEs, as well as an increase in 401(k) expenses driven by 2011 incentive compensation payouts during the first quarter of 2012, which were at higher levels than 2010 incentive compensation payouts in the first quarter of 2011.

• A decrease of $6.0 million in incentive compensation and ESOP expense primarily reflective of higher expenses in the second quarter of 2011 as a result of our better than expected results.

Our variable compensation plans primarily consist of our Incentive Compensation Plan, Direct Drive Incentive Compensation Plan, Long-Term Cash Incentive Plan, 401(k) and ESOP Plan, Retention Program and Warrant Incentive Plan. Total costs incurred under these plans were $23.8 million and $51.6 million for the three and six months ended June 30, 2012, respectively, compared to $30.0 million and $56.0 million for the comparable 2011 periods. These amounts are included in total compensation and benefits expense discussed above.

Professional Services

Professional services were $16.5 million and $31.1 million for the three and six months ended June 30, 2012, respectively, compared to $13.9 million and $26.9 million for the comparable 2011 periods. The increases were to support our ongoing business and infrastructure initiatives.

Premises and Equipment

Premises and equipment expense was $9.4 million and $17.0 million for the three and six months ended June 30, 2012, respectively, compared to $6.4 million and $12.4 million for the comparable 2011 periods. The increases were primarily due to increased spending to enhance and maintain our IT infrastructure.

Business Development and Travel

Business development and travel expense was $7.2 million and $14.9 million for the three and six months ended June 30, 2012, respectively, compared to $5.9 million and $11.5 million for the comparable 2011 periods. The increases were primarily reflective of our increased focus on global initiatives and increased business development activity due to improving economic and business conditions.

Provision for unfunded credit commitments

The provision for unfunded credit commitments was $1.9 million and $1.7 million for the three and six months ended June 30, 2012, respectively, compared to $1.0 million and $0.1 million for the comparable 2011 periods. The increases were primarily due to an increase in the period-end balance of unfunded credit commitments of $1.3 billion from June 30, 2011 to June 30, 2012.

Other Noninterest Expense

A summary of other noninterest expense for the three and six months ended June 30, 2012 and 2011 is as follows:

	Three months ended June 30,							Six months ended June 30,
(Dollars in thousands)	2012		2011		% Change			2012		2011		% Change
Telephone	$	1,547	$	1,416		9.3	%	$	3,331	$	2,766		20.4	%
Client services		1,739		1,037		67.7			2,992		1,839		62.7
Data processing services		1,310		1,429		(8.3)			2,715		2,492		8.9
Tax credit fund amortization		962		1,101		(12.6)			2,020		2,154		(6.2)
Postage and supplies		628		562		11.7			1,253		1,084		15.6
Dues and publications		557		327		70.3			1,031		701		47.1
Net gain from note repurchases and termination of corresponding interest rate swaps (1)		-		(3,123)		(100.0)			-		(3,123)		(100.0)
Other		2,675		2,287		17.0			3,883		4,986		(22.1)
Total other noninterest expense	$	9,418	$	5,036		87.0		$	17,225	$	12,899		33.5

(1) Represents net gains from the repurchase of $108.6 million of our 5.70% Senior Notes and $204.0 million of our 6.05% Subordinated Notes and the termination of the corresponding portions of interest rate swaps in 2011.

Net Income Attributable to Noncontrolling Interests

Included in net income is income and expense attributable to noncontrolling interests. The relevant amounts attributable to investors other than us are reflected under “Net Income Attributable to Noncontrolling Interests” on our statements of income.

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In the table below, noninterest income consists primarily of investment gains and losses from our consolidated funds. Noninterest expense is primarily related to management fees paid by our managed funds to SVB Financial’s subsidiaries as the funds’ general partners. A summary of net income attributable to noncontrolling interests for the three and six months ended June 30, 2012 and 2011, respectively, is as follows:

	Three months ended June 30,							Six months ended June 30,
(Dollars in thousands)	2012		2011		% Change			2012		2011		% Change
Net interest income (1)	$	(38)	$	(45)		(15.6)	%	$	(81)	$	(52)		55.8	%
Noninterest income (1)		(11,210)		(28,418)		(60.6)			(17,842)		(70,789)		(74.8)
Noninterest expense (1)		3,947		2,621		50.6			6,765		6,102		10.9
Carried interest (2)		(2,174)		1,860		NM			(3,460)		669		NM
Net income attributable to noncontrolling interests	$	(9,475)	$	(23,982)		(60.5)		$	(14,618)	$	(64,070)		(77.2)

NM—Not meaningful

(1) Represents noncontrolling interests’ share in net interest income, noninterest income and noninterest expense.

(2) Represents the preferred allocation of income earned by the general partners or limited partners of certain consolidated funds.

Income Taxes

Our effective income tax expense rate was 39.8 percent for the three months ended June 30, 2012, compared to 39.7 percent for the comparable 2011 period. Our effective income tax expense rate was 40.2 percent for the six months ended June 30, 2012, compared to 40.1 percent for the comparable 2011 period.

Our effective tax rate is calculated by dividing income tax expense by the sum of income before income tax expense and the net income attributable to noncontrolling interests.

Operating Segment Results

We have three segments for which we report our financial information: Global Commercial Bank, SVB Private Bank and SVB Capital.

We report segment information based on the “management” approach. The management approach designates the internal reporting used by management for making decisions and assessing performance as the source of our reporting segments. Please refer to Note 10—”Segment Reporting” of the “Notes to Interim Consolidated Financial Statements (unaudited)” under Part I, Item 1 of this report for additional details.

Our primary source of revenue is from net interest income, which is primarily the difference between interest earned on loans, net of FTP, and interest paid on deposits, net of FTP. Accordingly, our segments are reported using net interest income, net of FTP. FTP is an internal measurement framework designed to assess the financial impact of a financial institution’s sources and uses of funds. It is the mechanism by which an earnings credit is given for deposits raised, and an earnings charge is made for funded loans. Effective January 1, 2012, FTP is calculated at an instrument level based on account characteristics. Prior to January 1, 2012, FTP was calculated by applying a transfer rate to pooled, or aggregated, loan and deposit volumes. We have reclassified all prior period amounts to conform to the current period’s methodology and presentation.

We also evaluate performance based on provision for loan losses, noninterest income and noninterest expense, which are presented as components of segment operating profit or loss. In calculating each operating segment’s noninterest expense, we consider the direct costs incurred by the operating segment as well as certain allocated direct costs. As part of this review, we allocate certain corporate overhead costs to a corporate account. We do not allocate income taxes to our segments. Additionally, our management reporting model is predicated on average asset balances; therefore, period-end asset balances are not presented for segment reporting purposes.

58

Changes in an individual client’s primary relationship designation have resulted, and in the future may result, in the inclusion of certain clients in different segments in different periods. The following is our reportable segment information for the three and six months ended June 30, 2012 and 2011:

Global Commercial Bank

	Three months ended June 30,							Six months ended June 30,
(Dollars in thousands)	2012		2011		% Change			2012		2011		% Change
Net interest income		$    146,420		$   125,695		16.5	%		$   289,684		$   246,515		17.5	%
(Provision for) reduction of loan losses		(8,923)		(730)		NM			(22,159)		661		NM
Noninterest income		52,494		36,551		43.6			92,422		71,415		29.4
Noninterest expense		(98,478)		(84,702)		16.3			(194,734)		(170,582)		14.2
Income before income tax expense		$     91,513		$     76,814		19.1			$   165,213		$   148,009		11.6
Total average loans, net of unearned income		$6,479,544		$4,822,497		34.4			$6,255,450		$4,766,104		31.2
Total average assets		19,023,230		16,805,670		13.2			18,790,252		16,502,986		13.9
Total average deposits		17,131,816		15,099,789		13.5			16,916,965		14,803,648		14.3

NM—Not meaningful

Three months ended June 30, 2012 compared to the three months ended June 30, 2011

Net interest income from our Global Commercial Bank (“GCB”) increased by $20.7 million for the three months ended June 30, 2012, primarily due to a $22.4 million increase in loan interest income resulting mainly from an increase in average loan balances and a $5.7 million increase in the FTP earned for deposits due to deposit growth. These increases were partially offset by a $5.5 million decrease in the FTP earned for deposits from decreases in market interest rates.

We had a provision for loan losses for GCB of $8.9 million for the three months ended June 30, 2012, compared to a provision of $0.7 million for the comparable 2011 period. The provision of $8.9 million in the second quarter of 2012 was primarily attributable to loan growth. The provision of $0.7 million for the comparable 2011 period was primarily due to loan growth, partially offset by a decrease in the allowance for our performing loans due to the strong overall credit quality of our clients.

Noninterest income increased by $15.9 million for the three months ended June 30, 2012, primarily due to gains of $4.2 million on the sale of certain assets related to our equity management services business, and an increase in foreign exchange fees and credit card fees. The increase in foreign exchange fees was primarily due to improving business conditions for our clients and increased volatility in foreign markets, which has resulted in an improvement in our spread as well as higher number of trades. The increase in credit card fees was primarily due to the addition of new credit card clients and an increase in client activity.

Noninterest expense increased by $13.8 million for the three months ended June 30, 2012, primarily due to an increase in salaries and wages, other employee benefits and professional services. The increase in salaries and wages and other employee benefits was primarily due to an increase in the average number of FTEs at GCB, which increased by 122 to 1,231 for the three months ended June 30, 2012, compared to 1,109 for the comparable 2011 period. The increase in average FTEs was attributable to increases in positions for product development, operational and sales and advisory, as well as to support our commercial banking operations and initiatives. The increase in professional services was to support our ongoing business and infrastructure initiatives.

Six months ended June 30, 2012 compared to the six months ended June 30, 2011

Net interest income from our Global Commercial Bank (“GCB”) increased by $43.2 million for the six months ended June 30, 2012, primarily due to a $40.5 million increase in loan interest income resulting mainly from an increase in average loan balances and a $12.2 million increase in the FTP earned for deposits due to deposit growth. These increases were partially offset by a $9.1 million decrease in the FTP earned for deposits from decreases in market interest rates.

We had a provision for loan losses for GCB of $22.2 million for the six months ended June 30, 2012, compared to a reduction of provision of $0.7 million for the comparable 2011 period. The provision of $22.2 million for the six months ended June 30, 2012 was primarily due to net charge-offs of $14.3 million, of which $7.1 million related to a single nonperforming hardware loan that was specifically reserved for in the first quarter of 2012. Growth in loans also contributed to the $22.2 million provision for six months ended June 30, 2012. The reduction of provision for the comparable 2011 period was primarily due to net loan recoveries recognized and a decrease in the allowance for our performing loans due to the strong overall credit quality of our clients, partially offset by loan growth.

Noninterest income increased by $21.0 million for the six months ended June 30, 2012, primarily due to gains of $4.2 million on the sale of certain assets related to our equity management services business, and an increase in foreign exchange fees and credit card fees. The increase in foreign exchange fees was primarily due to improving business conditions for our clients and increased volatility in foreign markets, which has resulted in an improvement in our spread as well as higher number of trades. The increase in credit card fees was primarily due to the addition of new credit card clients and an increase in client activity.

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Noninterest expense increased by $24.2 million for the six months ended June 30, 2012, primarily due to an increase in salaries and wages, other employee benefits, and professional services. The increase in salaries and wages and other employee benefits was primarily due to an increase in the average number of FTEs at GCB, which increased by 121 to 1,223 for the six months ended June 30, 2012, compared to 1,102 for the comparable 2011 period. The increase in average FTEs was attributable to increases in positions for product development, operational and sales and advisory, as well as to support our commercial banking operations and initiatives. The increase in professional services was to support our ongoing business and infrastructure initiatives.

SVB Private Bank

	Three months ended June 30,							Six months ended June 30,
(Dollars in thousands)	2012		2011		% Change			2012		2011		% Change
Net interest income	$	5,516	$	4,653		18.5	%	$	10,481	$	9,054		15.8	%
Reduction of (provision for) loan losses		924		596		55.0			(369)		2,252		(116.4)
Noninterest income		151		136		11.0			308		223		38.1
Noninterest expense		(3,356)		(2,477)		35.5			(6,589)		(4,480)		47.1
Income before income tax expense	$	3,235	$	2,908		11.2		$	3,831	$	7,049		(45.7)
Total average loans, net of unearned income	$	742,130	$	642,287		15.5		$	740,049	$	613,467		20.6
Total average assets		747,445		642,744		16.3			744,703		613,734		21.3
Total average deposits		253,482		156,765		61.7			246,991		153,520		60.9

Three months ended June 30, 2012 compared to the three months ended June 30, 2011

Net interest income from SVB Private Bank increased by $0.9 million for the three months ended June 30, 2012, primarily due to an increase in loan interest income resulting from an increase in average loan balances.

SVB Private Bank had a reduction of provision for loan losses of $0.9 million for the three months ended June 30, 2012, compared to a reduction of provision of $0.6 million for the comparable 2011 period. The reduction of provision for both periods was primarily due to a reduction in the reserve for impaired loans, partially offset by loan growth.

Noninterest expense increased by $0.9 million for the three months ended June 30, 2012, primarily due to an increase in compensation and benefits expense resulting from an increase in the average number of FTEs at SVB Private Bank, which increased by 14 to 45 FTEs for the three months ended June 30, 2012, compared to 31 FTEs for the comparable 2011 period. The increase in average FTEs was to support the growth of SVB Private Bank.

Six months ended June 30, 2012 compared to the six months ended June 30, 2011

Net interest income from SVB Private Bank increased by $1.4 million for the six months ended June 30, 2012, primarily due to an increase in loan interest income resulting primarily from an increase in average loan balances.

SVB Private Bank had a provision for loan losses of $0.4 million for the six months ended June 30, 2012, compared to a reduction of provision of $2.3 million for the comparable 2011 period. The provision of $0.4 million for the six months ended June 30, 2012 was primarily due to loan growth, partially offset by a reduction in the reserve for impaired loans. The reduction of provision of $2.3 million for the six months ended June 30, 2011 was primarily due to net loan recoveries.

Noninterest expense increased by $2.1 million for the six months ended June 30, 2012, primarily due to an increase in compensation and benefits expense resulting from an increase in the average number of FTEs at SVB Private Bank, which increased by 18 to 45 FTEs for the six months ended June 30, 2012, compared to 27 FTEs for the comparable 2011 period. The increase in average FTEs was to support the growth of SVB Private Bank.

SVB Capital

	Three months ended June 30,							Six months ended June 30,
(Dollars in thousands)	2012		2011		% Change			2012		2011		% Change
Net interest income	$	9	$	3		NM	%	$	16	$	4		NM	%
Noninterest income		4,557		6,716		(32.1)			8,144		14,006		(41.9)
Noninterest expense		(2,872)		(3,111)		(7.7)			(5,408)		(6,253)		(13.5)
Income before income tax expense	$	1,694	$	3,608		(53.0)		$	2,752	$	7,757		(64.5)
Total average assets	$	251,295	$	232,381		8.1		$	254,835	$	222,570		14.5

NM—Not meaningful

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SVB Capital’s components of noninterest income primarily include net gains and losses on marketable and non-marketable securities, carried interest and fund management fees. All components of income before income tax expense discussed below are net of noncontrolling interests.

We experience variability in the performance of SVB Capital from quarter to quarter due to a number of factors, including changes in the values of our funds’ underlying investments, changes in the amount of distributions and general economic and market conditions. Such variability may lead to volatility in the gains and losses from investment securities and cause our results to differ from period to period. Results for a particular period may not be indicative of future performance.

Three months ended June 30, 2012 compared to the three months ended June 30, 2011

Noninterest income decreased by $2.2 million to $4.6 million for the three months ended June 30, 2012, primarily due to lower net gains on investment securities. SVB Capital’s components of noninterest income primarily include the following:

• Net gains on investment securities of $1.7 million for the three months ended June 30, 2012, compared to net gains of $4.0 million for the comparable 2011 period. The net gains on investment securities of $1.7 million for the three months ended June 30, 2012 were primarily driven by valuation adjustments within our managed funds of funds.

• Fund management fees of $3.1 million for the three months ended June 30, 2012, compared to $2.7 million for the comparable 2011 period.

Six months ended June 30, 2012 compared to the six months ended June 30, 2011

Noninterest income decreased by $5.9 million to $8.1 million for the six months ended June 30, 2012, primarily due to lower net gains on investment securities. SVB Capital’s components of noninterest income primarily include the following:

• Net gains on investment securities of $2.3 million for the six months ended June 30, 2012, compared to net gains of $8.6 million for the comparable 2011 period. The net gains on investment securities of $2.3 million for the six months ended June 30, 2012 were primarily driven by valuation adjustments and IPO and M&A activity within our managed funds of funds.

• Fund management fees of $6.0 million for the six months ended June 30, 2012, compared to $5.4 million for the comparable 2011 period.

Consolidated Financial Condition

Our total assets were $21.3 billion at June 30, 2012, an increase of $1.3 billion, or 6.6 percent, compared to $20.0 billion at December 31, 2011. Below is a summary of the individual components driving the increase.

Cash and Cash Equivalents

Cash and cash equivalents totaled $1.4 billion at June 30, 2012, an increase of $296.8 million, or 26.6 percent, compared to $1.1 billion at December 31, 2011. The increase was primarily due to deposit growth from both new and existing clients, partially offset by the investment of cash previously held at the FRB into available-for-sale securities as well as to fund loan growth.

As of June 30, 2012 and December 31, 2011, $662.4 million and $100.1 million, respectively, of our cash and due from banks was deposited at the FRB and was earning interest at the Federal Funds target rate, and interest-earning deposits in other financial institutions were $265.8 million and $371.5 million, respectively.

Investment Securities

Investment securities totaled $11.8 billion at June 30, 2012, an increase of $212.8 million, or 1.8 percent, compared to $11.5 billion at December 31, 2011. Our investment securities portfolio consists of both an available-for-sale securities portfolio, which represents interest-earning investment securities, and a non-marketable securities portfolio, which primarily represents investments managed as part of our funds management business. The increase of $212.8 million included an increase of $84.9 million in available-for-sale securities and an increase of $127.9 million in non-marketable securities. The major components of the change are explained below.

Available-for-Sale Securities

Our available-for-sale securities portfolio is a fixed income investment portfolio that is managed to optimize portfolio yield over the long-term consistent with our liquidity, credit diversification and asset/liability strategies. Available-for-sale securities were $10.6 billion at June 30, 2012, an increase of $84.9 million, or 0.8 percent, compared to $10.5 billion at December 31, 2011. The increase was primarily due to purchases of new investments of $1.8 billion, partially offset by paydowns of $1.4 billion and sales of $315.7 million. The purchases of new investments of $1.8 billion were primarily comprised of fixed-rate agency-issued mortgage securities and fixed-rate agency debentures. The paydowns of securities of $1.4 billion were comprised of $1.1 billion in fixed-rate securities and $313.5 million in variable-rate securities. The sales of $315.7 million were comprised entirely of U.S. agency securities. The proceeds from the sales and paydowns were used primarily to fund loan growth and reduce overnight borrowings.

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Portfolio duration is a standard measure used to approximate changes in the market value of fixed income instruments due to a change in market interest rates. The measure is an estimate based on the level of current market interest rates, expectations for changes in the path of forward rates and the effect of forward rates on mortgage prepayment speed assumptions. As such, portfolio duration will fluctuate with changes in market interest rates. Changes in portfolio duration are also impacted by changes in the mix of longer versus shorter term-to-maturity securities. Estimated portfolio duration was 1.8 years at both June 30, 2012 and December 31, 2011.

Non-Marketable Securities

Our non-marketable securities portfolio primarily represents investments in venture capital funds, debt funds and private portfolio companies. A majority of these investments are managed through our SVB Capital funds business in funds of funds and direct venture funds. Included in our non-marketable securities carried under fair value accounting are amounts that are attributable to noncontrolling interests. We are required under GAAP to consolidate 100% of these investments that we are deemed to control, even though we may own less than 100% of such entities. See below for a summary of the carrying value (as reported) of non-marketable securities compared to the amounts attributable to SVBFG.

Non-marketable securities were $1.1 billion at June 30, 2012, an increase of $127.9 million, or 12.7 percent, compared to $1.0 billion at December 31, 2011. The increase was primarily attributable to the funding of our capital contribution of $79.7 million to our joint venture bank in China, as well as to capital calls (net of distributions) from noncontrolling interests of $33.4 million. The following table summarizes the carrying value (as reported) of nonmarketable securities compared to the amounts attributable to SVBFG (which generally represents the carrying value times our ownership percentage) at June 30, 2012 and December 31, 2011:

	June 30, 2012				December 31, 2011
(Dollars in thousands)	Carrying value   (as reported)		Amount     attributable      to SVBFG		Carrying value   (as reported)		Amount   attributable   to SVBFG
Non-marketable securities (fair value accounting):
Venture capital and private equity fund investments (1)	$	639,596	$	77,011	$	611,824	$	77,674
Other venture capital investments (2)		120,111		10,883		124,121		11,333
Other investments		-		-		987		493
Non-marketable securities (equity method accounting):
Other investments		138,993		138,993		68,252		68,252
Low income housing tax credit funds		58,698		58,698		34,894		34,894
Non-marketable securities (cost method accounting):
Venture capital and private equity fund investments		153,618		153,618		145,007		145,007
Other investments		21,296		21,296		19,355		19,355
Total non-marketable securities	$	1,132,312	$	460,499	$	1,004,440	$	357,008

(1) The following table shows the amount of venture capital and private equity fund investments by the following consolidated funds and amounts attributable to SVBFG for each fund at June 30, 2012 and December 31, 2011:

	June 30, 2012				December 31, 2011
(Dollars in thousands)	Carrying value   (as reported)		Amount     attributable      to SVBFG		Carrying value   (as reported)		Amount   attributable   to SVBFG
SVB Strategic Investors Fund, LP	$	36,694	$	4,609	$	39,567	$	4,970
SVB Strategic Investors Fund II, LP		109,343		9,372		122,619		10,510
SVB Strategic Investors Fund III, LP		213,405		12,528		218,429		12,824
SVB Strategic Investors Fund IV, LP		146,477		7,324		122,076		6,104
Strategic Investors Fund V, LP		18,134		32		8,838		31
SVB Capital Preferred Return Fund, LP		50,573		12,518		42,580		11,571
SVB Capital—NT Growth Partners, LP		57,588		24,065		43,958		20,176
SVB Capital Partners II, LP		863		44		2,390		121
Other private equity fund		6,519		6,519		11,367		11,367
Total venture capital and private equity fund investments	$	639,596	$	77,011	$	611,824	$	77,674

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(2) The following table shows the amount of other venture capital investments by the following consolidated funds and amounts attributable to SVBFG for each fund at June 30, 2012 and December 31, 2011:

	June 30, 2012				December 31, 2011
(Dollars in thousands)	Carrying value   (as reported)		Amount     attributable      to SVBFG		Carrying value   (as reported)		Amount   attributable   to SVBFG
Silicon Valley BancVentures, LP	$	16,739	$	1,790	$	17,878	$	1,912
SVB Capital Partners II, LP		59,256		3,010		61,099		3,103
SVB India Capital Partners I, LP		40,668		5,850		42,832		6,162
SVB Capital Shanghai Yangpu Venture Capital Fund		3,448		233		2,312		156
Total other venture capital investments	$	120,111	$	10,883	$	124,121	$	11,333

Loans

Loans, net of unearned income were $7.8 billion at June 30, 2012, an increase of $819.7 million, or 11.8 percent, compared to $7.0 billion at December 31, 2011. Unearned income was $67.7 million at June 30, 2012, compared to $60.2 million at December 31, 2011. Total gross loans were $7.9 billion at June 30, 2012, an increase of $827.1 million, or 11.8 percent, compared to $7.0 billion at December 31, 2011. The increase came primarily from sponsor-led buyouts in the software niche and from our venture capital/private equity clients for capital calls. The breakdown of total gross loans and total loans as a percentage of total gross loans by category is as follows:

	June 30, 2012					December 31, 2011
(Dollars in thousands)	Amount		Percentage			Amount		Percentage
Commercial loans:
Software	$	2,780,006		35.4	%	$	2,517,890		35.8	%
Hardware		1,097,835		14.0			961,869		13.7
Venture capital/private equity		1,417,715		18.0			1,128,520		16.1
Life science		926,894		11.8			872,413		12.4
Premium wine		121,242		1.5			131,552		1.9
Other		374,907		4.8			345,588		4.9
Total commercial loans		6,718,599		85.5			5,957,832		84.8
Real estate secured loans:
Premium wine		374,988		4.8			347,241		4.9
Consumer loans		554,093		7.1			533,817		7.6
Total real estate secured loans		929,081		11.9			881,058		12.5
Construction loans		33,159		0.4			30,319		0.4
Consumer loans		176,629		2.2			161,112		2.3
Total gross loans	$	7,857,468		100.0	%	$	7,030,321	$	100.0	%

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Loan Concentration

The following table provides a summary of loans by size and category. The breakout of the categories is based on total client balances (individually or in the aggregate) as of June 30, 2012:

	June 30, 2012
(Dollars in thousands)	Less than Five Million		Five to Ten Million		Ten to Twenty Million		Twenty to Thirty  Million		Thirty Million   or More		Total
Commercial loans:
Software	$	949,954	$	437,231	$	666,456	$	621,398	$	104,967	$	2,780,006
Hardware		292,266		193,314		244,182		191,154		176,919		1,097,835
Venture capital/private equity		259,928		208,991		234,400		71,000		643,396		1,417,715
Life science		252,062		209,427		148,089		167,071		150,245		926,894
Premium wine (1)		58,322		29,380		27,840		5,700		-		121,242
Other		109,618		49,276		56,941		51,894		107,178		374,907
Commercial loans		1,922,150		1,127,619		1,377,908		1,108,217		1,182,705		6,718,599
Real estate secured loans:
Premium wine (1)		113,658		88,522		97,941		43,367		31,500		374,988
Consumer loans (2)		457,006		55,141		41,946		-		-		554,093
Real estate secured loans		570,664		143,663		139,887		43,367		31,500		929,081
Construction loans		11,826		21,333		-		-		-		33,159
Consumer loans (2)		46,457		49,209		35,963		-		45,000		176,629
Total gross loans	$	2,551,097	$	1,341,824	$	1,553,758	$	1,151,584	$	1,259,205	$	7,857,468

(1) Premium wine clients can have loan balances included in both commercial loans and real estate secured loans, the total of which are used for the breakout of the above categories.

(2) Consumer loan clients have loan balances included in both real estate secured loans and other consumer loans, the total of which are used for the breakout of the above categories.

At June 30, 2012, gross loans (individually or in the aggregate) totaling $2.4 billion, or 30.7 percent of our portfolio, were equal to or greater than $20 million to any single client. These loans represented 74 clients, and of these loans, none were on nonaccrual status as of June 30, 2012.

The following table provides a summary of loans by size and category. The breakout of the categories is based on total client balances (individually or in the aggregate) as of December 31, 2011:

	December 31, 2011
(Dollars in thousands)	Less than Five Million		Five to Ten Million		Ten to Twenty Million		Twenty to Thirty  Million		Thirty Million or More		Total
Commercial loans:
Software	$	764,200	$	429,670	$	578,248	$	715,772	$	30,000	$	2,517,890
Hardware		306,557		166,619		133,505		116,305		238,883		961,869
Venture capital/private equity		277,087		232,775		127,848		53,000		437,810		1,128,520
Life science		251,921		140,786		187,874		171,702		120,130		872,413
Premium wine (1)		69,418		13,971		42,763		5,400		-		131,552
Other		90,110		14,915		82,849		45,435		112,279		345,588
Commercial loans		1,759,293		998,736		1,153,087		1,107,614		939,102		5,957,832
Real estate secured loans:
Premium wine (1)		119,708		75,161		75,247		45,625		31,500		347,241
Consumer loans (2)		434,406		41,177		39,302		18,932		-		533,817
Real estate secured loans		554,114		116,338		114,549		64,557		31,500		881,058
Construction loans		7,581		22,738		-		-		-		30,319
Consumer loans (2)		59,713		32,105		21,294		3,000		45,000		161,112
Total gross loans	$	2,380,701	$	1,169,917	$	1,288,930	$	1,175,171	$	1,015,602	$	7,030,321

(1) Premium wine clients can have loan balances included in both commercial loans and real estate secured loans, the total of which are used for the breakout of the above categories.

(2) Consumer loan clients have loan balances included in both real estate secured loans and other consumer loans, the total of which are used for the breakout of the above categories.

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At December 31, 2011, gross loans (individually or in the aggregate) totaling $2.2 billion, or 31.2 percent of our portfolio, were equal to or greater than $20 million to any single client. These loans represented 71 clients, and of these loans, none were on nonaccrual status as of December 31, 2011.

The credit profile of our clients varies across our loan portfolio, based on the nature of the lending we do for different market segments. Our technology and life sciences loan portfolio includes loans to clients at all stages of their life cycles, beginning with our SVB Accelerator practice, which serves our emerging or early-stage clients. Loans provided to early-stage clients represent a relatively small percentage of our overall portfolio at approximately 9 percent of total gross loans at June 30, 2012, compared to approximately 8 percent at December 31, 2011. Typically these loans are made to companies with modest or negative cash flows and no established record of profitable operations. Repayment of these loans may be dependent upon receipt by borrowers of additional equity financing from venture capitalists or others, or in some cases, a successful sale to a third party or a public offering. Venture capital firms may provide financing at lower levels, more selectively or on less favorable terms, which may have an adverse effect on our borrowers that are otherwise dependent on such financing to repay their loans to us. When repayment is dependent upon the next round of venture investment and there is an indication that further investment is unlikely or will not occur, it is often likely the company would need to be sold to repay debt in full. If reasonable efforts have not yielded a likely buyer willing to repay all debt at the close of the sale or on commercially viable terms, the account will most likely be deemed to be impaired.

At June 30, 2012, our lending to venture capital/private equity firms represented 18.0 percent of total gross loans, compared to 16.1 percent of total gross loans at December 31, 2011. Many of these clients have capital call lines of credit, the repayment of which is dependent on the payment of capital calls by the underlying limited partner investors in the funds managed by these firms.

At June 30, 2012, our asset-based lending, which consists primarily of working capital lines and accounts receivable factoring represented 7.2 percent and 4.9 percent, respectively, of total gross loans, compared to 8.8 percent and 5.4 percent, respectively at December 31, 2011. The repayment of these arrangements is dependent on the financial condition, and payment ability, of third parties with whom our clients do business.

Approximately 44.4 percent of our outstanding total gross loan balances as of June 30, 2012 were to borrowers based in California compared to 43.7 percent as of December 31, 2011. Other than California, there are no states with balances greater than 10 percent.

See generally “Risk Factors–Credit Risks” set forth under Item 1A, Part I in our 2011 Form 10-K.

Credit Quality Indicators

As of June 30, 2012, our criticized and impaired loans represented 6.9 percent of our total gross loans. This compares to 8.5 percent at December 31, 2011. A majority of our criticized loans are from our SVB Accelerator portfolio, serving our emerging or early stage clients, and make up approximately 9 percent of our loan portfolio. It is common for an early stage client’s remaining liquidity to fall temporarily below the threshold for a pass-rated credit during its capital-raising period for a new round of funding. This situation typically lasts only a few weeks and, in our experience, generally resolves itself with a subsequent round of venture funding. As a result, we expect that each of our early-stage clients will be managed through our criticized portfolio during a portion of their life cycle. Criticized loan levels will continue to vary but are expected to remain within the current range.

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Credit Quality and Allowance for Loan Losses

Nonperforming assets consist of loans past due 90 days or more that are still accruing interest and loans on nonaccrual status. We measure all loans placed on nonaccrual status for impairment based on the fair value of the underlying collateral or the net present value of the expected cash flows. The table below sets forth certain data and ratios between nonperforming loans, nonperforming assets and the allowance for loan losses:

(Dollars in thousands)	June 30, 2012			December 31, 2011
Gross nonperforming loans:
Loans past due 90 days or more still accruing interest	$	25		$	-
Impaired loans		27,071			36,617
Total gross nonperforming loans	$	27,096		$	36,617
Nonperforming loans as a percentage of total gross loans		0.34	%		0.52	%
Nonperforming assets as a percentage of total assets		0.13			0.18
Allowance for loan losses	$	98,166		$	89,947
As a percentage of total gross loans		1.25	%		1.28	%
As a percentage of total gross nonperforming loans		362.29			245.64
Allowance for loan losses for impaired loans	$	5,665		$	3,707
As a percentage of total gross loans		0.07	%		0.05	%
As a percentage of total gross nonperforming loans		20.91			10.12
Allowance for loan losses for total gross performing loans	$	92,501		$	86,240
As a percentage of total gross loans		1.18	%		1.23	%
As a percentage of total gross performing loans		1.18			1.23
Total gross loans	$	7,857,468		$	7,030,321
Total gross performing loans		7,830,372			6,993,704
Reserve for unfunded credit commitments (1)		23,476			21,811
As a percentage of total unfunded credit commitments		0.27	%		0.27	%
Total unfunded credit commitments (2)		8,752,705			8,067,570

(1) The “Reserve for unfunded credit commitments” is included as a component of other liabilities. See “Provision for Unfunded Credit Commitments” above for a discussion of the changes to the reserve.

(2) Includes unfunded loan commitments and letters of credit.

Our allowance for loan losses as a percentage of total gross loans decreased to 1.25 percent at June 30, 2012 from 1.28 percent at December 31, 2011. The decrease is primarily reflective of the strong performance of our performing loan portfolio as our allowance for loan losses for total gross performing loans as a percentage of total gross performing loans decreased from 1.23 percent at December 31, 2011 to 1.18 percent at June 30, 2012.

Our nonperforming loans were $27.1 million at June 30, 2012, compared to $36.6 million at December 31, 2011. The decrease of $9.5 million was primarily due to paydowns of $20.0 million on nonperforming loans, partially offset by the addition of a single nonperforming hardware loan that had an impaired balance of $10.0 million at June 30, 2012. The allowance for loan losses related to impaired loans was $5.7 million at June 30, 2012 compared to $3.7 million at December 31, 2011.

Average impaired loans for the three and six months ended June 30, 2012 were $35.3 million and $36.6 million, respectively, compared to $35.0 million and $35.4 million for the comparable 2011 periods. If the impaired loans had not been impaired, $0.5 million and $1.1 million in interest income would have been recorded for the three and six months ended June 30, 2012, respectively, compared to $0.8 million and $1.5 million for the comparable 2011 periods.

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Accrued Interest Receivable and Other Assets

A summary of accrued interest receivable and other assets at June 30, 2012 and December 31, 2011 is as follows:

(Dollars in thousands)	June 30, 2012		December 31, 2011		% Change
Derivative assets, gross (1)	$	105,943	$	97,693		8.4  %
Foreign exchange spot contract assets, gross		67,330		86,610		(22.3)
Accrued interest receivable		62,359		58,108		7.3
FHLB and FRB stock		39,301		39,189		0.3
Accounts receivable		26,154		49,076		(46.7)
Current tax receivable		16,738		-		-
Prepaid FDIC assessments		3,711		8,776		(57.7)
Other assets		46,889		37,402		25.4
Total accrued interest receivable and other assets	$	368,425	$	376,854		(2.2)

(1) See “Derivatives” section below.

Foreign Exchange Spot Contract Assets

Foreign exchange spot contract assets represent unsettled client trades at the end of the period. The decrease of $19.3 million was primarily due to decreased client trade activity at period-end, and is consistent with the decrease in foreign exchange spot contract liabilities (see “Other Liabilities” section below).

Accounts Receivable

The decrease in accounts receivable of $22.9 million from December 31, 2011 was primarily due to a decrease in unsettled client trades related to our off-balance sheet sweep money market funds.

Current Tax Receivable

The current tax receivable balance of $16.7 million at June 30, 2012 is a result of our 2012 estimated tax payments made to the IRS and to various state governments.

Prepaid FDIC Assessments

In 2009 the FDIC required insured financial institutions to prepay their estimated quarterly risk-based assessments for 2010 through 2012. The decrease of $5.1 million from December 31, 2011 was due to the amortization of this prepayment during the six months ended June 30, 2012.

Derivatives

Derivative instruments are recorded as a component of other assets and other liabilities on the balance sheet. The following table provides a summary of derivative assets and liabilities, net at June 30, 2012 and December 31, 2011:

(Dollars in thousands)	June 30, 2012		December 31, 2011		% Change
Assets:
Equity warrant assets	$	74,405	$	66,953		11.1	%
Foreign exchange forward and option contracts		20,582		18,326		12.3
Interest rate swaps		9,331		11,441		(18.4)
Loan conversion options		1,569		923		70.0
Client interest rate derivatives		57		50		14.0
Total derivatives assets	$	105,944	$	97,693		8.4
Liabilities:
Foreign exchange forward and option contracts	$	(15,361)	$	(16,816)		(8.7)
Client interest rate derivative		(59)		(52)		13.5
Total derivatives liabilities	$	(15,420)	$	(16,868)		(8.6)

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Equity Warrant Assets

In connection with negotiating credit facilities and certain other services, we often obtain rights to acquire stock in the form of equity warrant assets in primarily private, venture-backed companies in the technology and life science industries. At June 30, 2012, we held warrants in 1,215 companies, compared to 1,174 companies at December 31, 2011. The change in fair value of equity warrant assets is recorded in gains on derivatives instruments, net, in noninterest income, a component of consolidated net income. The following table provides a summary of transactions and valuation changes for equity warrant assets for the three and six months ended June 30, 2012 and 2011:

	Three months ended June 30,				Six months ended June 30,
(Dollars in thousands)	2012		2011		2012		2011
Balance, beginning of period	$	71,404	$	51,273	$	66,953	$	47,565
New equity warrant assets		4,546		3,601		7,154		7,296
Non-cash increases in fair value		3,260		7,003		7,823		9,556
Exercised equity warrant assets		(4,202)		(4,213)		(6,353)		(6,172)
Terminated equity warrant assets		(603)		(723)		(1,172)		(1,304)
Balance, end of period	$	74,405	$	56,941	$	74,405	$	56,941

Interest Rate Swaps

For information on our interest rate swaps, see Note 8–“Derivative Financial Instruments” of the “Notes to Interim Consolidated Financial Statements (unaudited)” under Part I, Item 1 of this report.

Foreign Exchange Forward and Foreign Currency Option Contracts

We enter into foreign exchange forward contracts and foreign currency option contracts with clients involved in foreign activities, either as the purchaser or seller, depending upon the clients’ need. For each forward or option contract entered into with our clients, we enter into an opposite way forward or option contract with a correspondent bank, which mitigates the risk of fluctuations in currency rates. We enter into forward contracts with correspondent banks to economically reduce our foreign exchange exposure related to certain foreign currency denominated loans. Revaluations of foreign currency denominated loans are recorded on the line item “Other” as part of noninterest income, a component of consolidated net income. We have not experienced nonperformance by a counterparty and therefore have not incurred related losses. Further, we anticipate performance by all counterparties. Our net exposure for foreign exchange forward and foreign currency option contracts at June 30, 2012 and December 31, 2011 amounted to $5.2 million and $1.5 million, respectively. For additional information on our foreign exchange forward contracts and foreign currency option contracts, see Note 8- “Derivative Financial Instruments” of the “Notes to the Consolidated Financial Statements” under Part I, Item I in this report.

Deposits

Deposits were $18.1 billion at June 30, 2012, an increase of $1.4 billion, or 8.1 percent, compared to $16.7 billion at December 31, 2011. The increase is primarily due to new client acquisition and increased fundraising activity from our existing venture capital/private equity clients. At June 30, 2012, 28.9 percent of our total deposits were interest-bearing deposits, compared to 29.0 percent at December 31, 2011.

At June 30, 2012, the aggregate balance of time deposit accounts individually equal to or greater than $100,000 totaled $142.2 million, compared to $126.0 million at December 31, 2011. At June 30, 2012, substantially all time deposit accounts individually equal to or greater than $100,000 were scheduled to mature within one year. No material portion of our deposits has been obtained from a single depositor and the loss of any one depositor would not materially affect our business.

Long-Term Debt

At June 30, 2012, we had long-term debt of $458.2 million, compared to $603.6 million at December 31, 2011. At June 30, 2012, long-term debt included our 5.375% Senior Notes, 6.05% Subordinated Notes and 7.0% Junior Subordinated Debentures. Our 5.70% Senior Notes matured on June 1, 2012 and we repaid all outstanding principal, including unpaid and accrued interest, in cash upon maturity. For more information on our long-term debt, see Note 7–“Short-term Borrowings and Long-Term Debt” of the “Notes to Interim Consolidated Financial Statements (unaudited)” under Part I, Item 1 of this report.

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Other Liabilities

A summary of other liabilities at June 30, 2012 and December 31, 2011 is as follows:

(Dollars in thousands)	June 30, 2012		December 31, 2011		% Change
Foreign exchange spot contract liabilities, gross	$	90,042	$	152,727		(41.0)	%
Accrued compensation		49,935		114,472		(56.4)
Reserve for unfunded credit commitments		23,476		21,811		7.6
Derivative liabilities, gross (1)		15,421		16,868		(8.6)
Deferred tax liabilities		10,096		7,975		26.6
Other		123,553		91,468		35.1
Total other liabilities	$	312,523	$	405,321		(22.9)

(1) See “Derivatives” section above.

Foreign Exchange Spot Contract Liabilities

Foreign exchange spot contract liabilities represent unsettled client trades at the end of the period. The decrease of $62.7 million was primarily due to decreased client trade activity at period-end, and is consistent with the decrease in foreign exchange spot contract assets. (See “Accrued Interest Receivable and Other Assets” section above).

Accrued Compensation

Accrued compensation includes amounts for our Incentive Compensation Plans, Direct Drive Incentive Compensation Plan, Long-Term Cash Incentive Plan, Retention Program, Warrant Incentive Plan, ESOP and other compensation arrangements. The decrease of $64.4 million was primarily the result of 2011 incentive compensation payouts during the first quarter of 2012, partially offset by additional accruals for the six months ended June 30, 2012.

Noncontrolling Interests

Noncontrolling interests totaled $729.0 million and $681.0 million at June 30, 2012 and December 31, 2011, respectively. The increase of $48.0 million was primarily due to $33.8 million of contributed capital (net of distributions) from investors in our managed funds and net income attributable to noncontrolling interests of $14.6 million for the six months ended June 30, 2012, primarily from our managed funds of funds.

Fair Value Measurements

The following table summarizes our financial assets and liabilities that are measured at fair value on a recurring basis as of June 30, 2012 and December 31, 2011.

	Saturday, June 30, 2012						December 31, 2011
(Dollars in thousands)	Total Balance			Level 3			Total Balance			Level 3
Assets carried at fair value	$	11,491,338		$	828,326		$	11,372,081		$	799,962
As a percentage of total assets		54.0	%		3.9	%		56.9	%		4.0	%
Liabilities carried at fair value	$	15,420		$	-		$	16,868		$	-
As a percentage of total liabilities		0.1	%		-	%		0.1	%		-	%
	Level 1 and 2			Level 3			Level 1 and 2			Level 3
Percentage of assets measured at fair value		92.8	%		7.2	%		93.0	%		7.0	%

As of June 30, 2012, our available-for-sale securities, consisting of agency-issued mortgage-backed securities, agency-issued collateralized mortgage obligations, U.S. agency debentures, U.S. treasury securities and municipal bonds and notes, totaled $10.6 billion, or 92.4 percent of our portfolio of assets measured at fair value on a recurring basis, compared to $10.5 billion, or 92.6 percent, as of December 31, 2011. These instruments were classified as Level 2 because their valuations were based on indicative prices corroborated by observable market quotes or valuation techniques with all significant inputs derived from or corroborated by observable market data. The fair value of our available-for-sale securities portfolio is sensitive to changes in levels of market interest rates and market perceptions of credit quality of the underlying securities. Market valuations and impairment analyses on assets in the available-for-sale securities portfolio are reviewed and monitored on a quarterly basis. Assets valued using Level 2 measurements also include equity warrant assets in shares of public company capital stock, marketable securities, interest rate swaps, foreign exchange forward and option contracts, loan conversion options and client interest rate derivatives.

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Financial assets valued using Level 3 measurements consist primarily of our investments in venture capital and private equity funds and direct equity investments in privately held companies. Our managed funds that hold these investments qualify as investment companies under AICPA Audit and Accounting Guide for Investment Companies and accordingly, these funds report their investments at estimated fair value, with unrealized gains and losses resulting from changes in fair value reflected as investment gains or losses in our consolidated statements of income. Assets valued using Level 3 measurements also include equity warrant assets in shares of private company capital stock.

During the three and six months ended June 30, 2012, the Level 3 assets that are measured at fair value on a recurring basis experienced net realized and unrealized gains of $16.9 million and $29.2 million (which is inclusive of noncontrolling interest), respectively, primarily due to valuation increases in underlying fund investments in our managed funds, as well as gains from liquidity events and distributions and gains from our equity warrant assets. During the three and six months ended June 30, 2011, the Level 3 assets that are measured at fair value on a recurring basis experienced net realized and unrealized gains of $43.3 million and $94.6 million, respectively, (which is inclusive of noncontrolling interest).

The valuation of non-marketable securities and equity warrant assets in shares of private company capital stock is subject to significant judgment. The inherent uncertainty in the process of valuing securities for which a ready market does not exist may cause our estimated values of these securities to differ significantly from the values that would have been derived had a ready market for the securities existed, and those differences could be material. The timing and amount of changes in fair value, if any, of these financial instruments depend upon factors beyond our control, including the performance of the underlying companies, fluctuations in the market prices of the preferred or common stock of the underlying companies, general volatility and interest rate market factors, and legal and contractual restrictions. The timing and amount of actual net proceeds, if any, from the disposition of these financial instruments depend upon factors beyond our control, including investor demand for IPOs, levels of M&A activity, legal and contractual restrictions on our ability to sell, and the perceived and actual performance of portfolio companies. All of these factors are difficult to predict (see “Risk Factors” set forth in our 2011 Form 10-K).

Capital Resources

Our management seeks to maintain adequate capital to support anticipated asset growth, operating needs and unexpected credit risks, and to ensure that SVB Financial and the Bank are in compliance with all regulatory capital guidelines. Our primary sources of new capital include retained earnings and proceeds from the sale and issuance of capital stock or other securities. Our management engages, in consultation with our Finance Committee of the Board of Directors, in a regular capital planning process in an effort to make effective use of the capital available to us and to appropriately plan for our future capital needs. The capital plan considers capital needs for the foreseeable future and allocates capital to both existing and future business activities. Expected future use or activities for which capital may be set aside include balance sheet growth and associated relative increases in market or credit exposure, investment activity, potential product and business expansions, acquisitions and strategic or infrastructure investments.

SVBFG Stockholders’ Equity

SVBFG stockholders’ equity totaled $1.7 billion at June 30, 2012, an increase of $146.0 million, or 9.3 percent compared to $1.6 billion at December 31, 2011. This increase was primarily the result of net income of $82.4 million for the six months ended June 30, 2012 and an increase in additional-paid-in-capital of $44.9 million primarily from stock option exercises, stock purchases under our ESPP plan and ESOP contributions during the six months ended June 30, 2012.

Funds generated through retained earnings are a significant source of capital and liquidity and are expected to continue to be so in the future.

Capital Ratios

Both SVB Financial and the Bank are subject to various capital adequacy guidelines issued by the Federal Reserve Board and the California Department of Financial Institutions. To be classified as “adequately capitalized” under these capital guidelines, minimum ratios for total risk-based capital, Tier 1 risk-based capital and Tier 1 leverage ratio for bank holding companies and banks are 8.0%, 4.0% and 4.0%, respectively.

To be classified as “well capitalized” under these capital guidelines, minimum ratios for total risk-based capital and Tier 1 risk-based capital for bank holding companies and banks are 10.0% and 6.0%, respectively. Under the same capital adequacy guidelines, a well-capitalized state member bank must maintain a minimum Tier 1 leverage ratio of 5.0%. There is no Tier 1 leverage requirement for a holding company to be deemed well-capitalized.

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The Federal Reserve has not issued any minimum guidelines for the tangible common equity to tangible assets ratio or the tangible common equity to risk-weighted assets ratio. However, we believe these ratios provide meaningful supplemental information regarding our capital levels and are therefore provided below.

Regulatory capital ratios for SVB Financial and the Bank exceeded minimum federal regulatory guidelines for a well-capitalized depository institution as of June 30, 2012 and December 31, 2011. Capital ratios for SVB Financial and the Bank, compared to the minimum regulatory ratios to be considered “well capitalized” and “adequately capitalized”, are set forth below:

	June 30,  2012			December 31,  2011			Minimum ratio to be   “Well Capitalized”			Minimum ratio to be   “Adequately Capitalized”
SVB Financial:
Total risk-based capital ratio		13.85	%		13.95	%		10.0	%		8.0	%
Tier 1 risk-based capital ratio		12.62			12.62			6.0			4.0
Tier 1 leverage ratio		8.07			7.92			N/A			4.0
Tangible common equity to tangible assets ratio (1)(2)		8.06			7.86			N/A			N/A
Tangible common equity to risk-weighted assets ratio (1)(2)		13.35			13.25			N/A			N/A
Bank:
Total risk-based capital ratio		12.24	%		12.33	%		10.0	%		8.0	%
Tier 1 risk-based capital ratio		10.98			10.96			6.0			4.0
Tier 1 leverage ratio		7.01			6.87			5.0			4.0
Tangible common equity to tangible assets ratio (1)(2)		7.39			7.18			N/A			N/A
Tangible common equity to risk-weighted assets ratio (1)(2)		11.86			11.75			N/A			N/A

(1) See below for a reconciliation of non-GAAP tangible common equity to tangible assets and tangible common equity to risk-weighted assets.

(2) The FRB has not issued any minimum guidelines for the tangible common equity to tangible assets ratio or the tangible common equity to risk-weighted assets ratio. However, we believe these ratios provide meaningful supplemental information regarding our capital levels and are therefore provided above.

Our total risk based capital (includes tier 1 and tier 2 capital components) ratios for both SVB Financial and the Bank decreased nominally compared to December 31, 2011 due to period end loan growth relative to lower risk-weighted investments and cash. Our tier 1 leverage ratios for both SVB Financial and the Bank increased compared to December 31, 2011 due to growth in retained earnings and additional-paid-in-capital, the impact of which was partially offset by continued growth in assets. All of our capital ratios are above the levels to be considered “well capitalized”.

The tangible common equity to tangible assets ratio and the tangible common equity to risk-weighted assets ratios are not required by GAAP or applicable bank regulatory requirements. However, we believe these ratios provide meaningful supplemental information regarding our capital levels. Our management uses, and believes that investors benefit from referring to, these ratios in evaluating the adequacy of the Company’s capital levels; however, this financial measure should be considered in addition to, not as a substitute for or preferable to, comparable financial measures prepared in accordance with GAAP. These ratios are calculated by dividing total SVBFG stockholder’s equity, by total period-end assets and risk-weighted assets, after reducing both amounts by acquired intangibles, if any. The manner in which this ratio is calculated varies among companies. Accordingly, our ratio is not necessarily comparable to similar measures of other companies. The following table provides a reconciliation of non-GAAP financial measures with financial measures defined by GAAP:

	SVB Financial						Bank
Non-GAAP tangible common  equity and tangible assets  (dollars in thousands, except  ratios)	June 30, 2012			December 31, 2011			June 30, 2012			December 31, 2011
GAAP SVBFG stockholders’ equity	$	1,715,360		$	1,569,392		$	1,479,817		$	1,346,854
Less:
Intangible assets		-			601			-			-
Tangible common equity	$	1,715,360		$	1,568,791		$	1,479,817		$	1,346,854
GAAP Total assets	$	21,289,772		$	19,968,894		$	20,027,219		$	18,758,813
Less:
Intangible assets		-			601			-			-
Tangible assets	$	21,289,772		$	19,968,293		$	20,027,219		$	18,758,813
Risk-weighted assets	$	12,850,191		$	11,837,902		$	12,482,417		$	11,467,401
Tangible common equity to tangible assets		8.06	%		7.86	%		7.39	%		7.18	%
Tangible common equity to risk-weighted assets		13.35			13.25			11.86			11.75

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For both SVB Financial and the Bank, the tangible common equity to risk-weighted assets ratios increased due to an increase in retained earnings, an increase in accumulated other comprehensive income from increases in the fair value of our available-for-sale securities portfolio, and an increase in additional-paid-in-capital from stock option exercises, stock purchases under our ESPP plan, and ESOP contributions during the six months ended June 30, 2012. This growth was partially offset by increases in both tangible and risk-weighted assets, which reflects our growth in period-end loan balances.

Off-Balance Sheet Arrangements

In the normal course of business, we use financial instruments with off-balance sheet risk to meet the financing needs of our customers. These financial instruments include commitments to extend credit, commercial and standby letters of credit and commitments to invest in venture capital and private equity fund investments. These instruments involve, to varying degrees, elements of credit risk. Credit risk is defined as the possibility of sustaining a loss because other parties to the financial instrument fail to perform in accordance with the terms of the contract. For details of our commitments to extend credit, and commercial and standby letters of credit, please refer to Note 11—“Off-Balance Sheet Arrangements, Guarantees, and Other Commitments” of the “Notes to Interim Consolidated Financial Statements (unaudited)” under Part I, Item 1 of this report.

Commitments to Invest in Venture Capital/Private Equity Funds

We make commitments to invest in venture capital and private equity funds, which in turn make investments generally in, or in some cases make loans to, privately-held companies. Commitments to invest in these funds are generally made for a ten-year period from the inception of the fund. Although the limited partnership agreements governing these investments typically do not restrict the general partners from calling 100% of committed capital in one year, it is customary for these funds to generally call most of the capital commitments over five to seven years. The actual timing of future cash requirements to fund these commitments is generally dependent upon the investment cycle, overall market conditions, and the nature and type of industry in which the privately held companies operate.

For further details on our commitments to invest in private equity funds, refer to Note 11—“Off-Balance Sheet Arrangements, Guarantees, and Other Commitments” of the “Notes to Interim Consolidated Financial Statements (unaudited)” under Part I, Item 1 of this report.

Liquidity

The objective of liquidity management is to ensure that funds are available in a timely manner to meet our financial obligations, including, as necessary, paying creditors, meeting depositors’ needs, accommodating loan demand and growth, funding investments, repurchasing securities and other operating or capital needs, without incurring undue cost or risk, or causing a disruption to normal operating conditions.

We regularly assess the amount and likelihood of projected funding requirements through a review of factors such as historical deposit volatility and funding patterns, present and forecasted market and economic conditions, individual client funding needs, and existing and planned business activities. Our Asset/Liability Committee (“ALCO”), which is a management committee, provides oversight to the liquidity management process and recommends policy guidelines for the approval of the Finance Committee of our Board of Directors, and courses of action to address our actual and projected liquidity needs.

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Our deposit base is, and historically has been, our primary source of liquidity. Our deposit levels and cost of deposits may fluctuate from time to time due to a variety of factors, including market conditions, prevailing interest rates, changes in client deposit behaviors, availability of insurance protection, and our offering of deposit products. At June 30, 2012, our period-end total deposit balances increased by $1.4 billion to $18.1 billion, compared to $16.7 billion at December 31, 2011. The overall increase in deposit balances was primarily due to new client acquisition and increased fundraising activity by our venture capital/private equity clients.

Our liquidity requirements can also be met through the use of our portfolio of liquid assets. Our definition of liquid assets includes cash and cash equivalents in excess of the minimum levels necessary to carry out normal business operations, short-term investment securities maturing within one year, available-for-sale securities eligible and available for financing or pledging purposes with a maturity in excess of one year and anticipated near-term cash flows from investments.

On a stand-alone basis, SVB Financial’s primary liquidity channels include dividends from the Bank, its portfolio of liquid assets, and its ability to raise debt and capital. The ability of the Bank to pay dividends is subject to certain regulations described in “Business—Supervision and Regulation—Restriction on Dividends” under Part I, Item 1 of our 2011 Form 10-K.

Consolidated Summary of Cash Flows

Below is a summary of our average cash position and statement of cash flows for the six months ended June 30, 2012 and 2011, respectively. Please refer to our Interim Statements of Cash Flows for the six months ended June 30, 2012 and 2011 under Part I, Item 1 of this report for more details.

	Six months ended June 30,
(Dollars in thousands)	2012			2011
Average cash and cash equivalents	$	1,325,539		$	2,402,895
Percentage of total average assets		6.4	%		13.3	%
Net cash (used for) provided by operating activities	$	(6,102)		$	171,806
Net cash used for investing activities		(981,459)			(2,099,917)
Net cash provided by financing activities		1,284,338			1,416,898
Net increase (decrease) in cash and cash equivalents	$	296,777		$	(511,213)

Average cash and cash equivalents decreased by $1.1 billion to $1.3 billion for the six months ended June 30, 2012, compared to $2.4 billion for the comparable 2011 period. The decrease was primarily due to the investment of cash and cash equivalents into available-for-sale securities and to fund loan growth.

Cash used for operating activities of $6.1 million for the six months ended June 30, 2012 included $60.2 million in net payouts of accrued compensation and $43.4 million to reduce our net foreign exchange spot contract position, largely offset by $22.9 million in net cash received from accounts receivable and strong operating income from the business.

Cash used for investing activities of $981.5 million for the six months ended June 30, 2012 included $1.8 billion for purchases of available-for-sale securities, a $817.6 million net increase in loans, $164.5 million for purchases of non-marketable securities and $20.0 million for purchases of premises and equipment. These cash outflows were partially offset by $1.7 billion from sales, maturities and paydowns of available-for-sale securities, $83.0 million from sales or distributions of non-marketable securities of and $6.8 million in recoveries from loans previously charged-off.

Cash provided by financing activities of $1.3 billion for the six months ended June 30, 2012 included a $1.4 billion increase in deposits, $33.4 million from capital contributions (net of distributions) from noncontrolling interests and $24.3 million from the issuance of common stock and ESPP. These cash inflows were offset by principal payments of $141.4 million upon maturity of our 5.70% Senior Notes.

Cash and cash equivalents at June 30, 2012 were 1.4 billion, compared to $2.6 billion at June 30, 2011.

73

        ITEM 3.         QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Interest Rate Risk Management

Market risk is defined as the risk of adverse fluctuations in the market value of financial instruments due to changes in market interest rates. Interest rate risk is our primary market risk and can result from timing and volume differences in the repricing of our rate-sensitive assets and liabilities, widening or tightening of credit spreads, changes in the general level of market interest rates and changes in the shape and level of the benchmark LIBOR/SWAP yield curve. Additionally, changes in interest rates can influence the rate of principal prepayments on mortgage securities which affects the rate of amortization of purchase premiums and discounts. Other market risks include foreign currency exchange risk and equity price risk. These risks are not considered significant and no separate quantitative information concerning them is presented herein.

Interest rate risk is managed by our ALCO. ALCO reviews the market valuation and 12-month forward looking earnings sensitivity of assets and liabilities to changes in interest rates, structural changes in investment and funding portfolios, loan and deposit activity and current market conditions. Adherence to relevant policies, which are approved by the Finance Committee of our Board of Directors, is monitored on an ongoing basis.

Management of interest rate risk is carried out primarily through strategies involving our available-for-sale securities, available funding channels and capital market activities. In addition, our policies permit the use of off-balance sheet derivative instruments to assist in managing interest rate risk.

We utilize a simulation model to perform sensitivity analysis on the economic value of equity and net interest income under a variety of interest rate scenarios, balance sheet forecasts and proposed strategies. The simulation model provides a dynamic assessment of interest rate sensitivity embedded in our balance sheet which measures the potential variability in forecasted results relating to changes in market interest rates over time. We review our interest rate risk position on a quarterly basis at a minimum.

Model Simulation and Sensitivity Analysis

One application of the aforementioned simulation model involves measurement of the impact of market interest rate changes on our economic value of equity (“EVE”). EVE is defined as the market value of assets, less the market value of liabilities, adjusted for any off-balance sheet items. A second application of the simulation model measures the impact of market interest rate changes on our net interest income (“NII”) assuming a static balance sheet as of the period-end reporting date. The market interest rate changes that affect us are principally short-term interest rates and include the following: (1) National Prime and SVB Prime rates (impacts the majority of our variable rate loans); (2) 1-month and 3-month LIBOR (impacts our variable rate available-for-sale securities, our 6.05% Subordinated Notes, and a portion of our variable rate loans); and (3) Fed Funds target rate (impacts cash and cash equivalents). Additionally, deposit pricing generally follows overall changes in short-term interest rates.

Effective January 1, 2012, we enhanced certain model assumptions related to the decay rates on our deposits with no stated maturity, such as noninterest-bearing demand deposits, interest-bearing checking accounts, money market accounts and interest-bearing sweep deposits. As a result we have recast prior period EVE and NII sensitivities to provide a more comparable basis for the current quarter’s analysis. The following table presents our EVE and NII sensitivity exposure at June 30, 2012 and December 31, 2011, related to an instantaneous and sustained parallel shift in market interest rates of 100 and 200 basis points.

	Estimated		Estimated Increase/ (Decrease) In EVE					Estimated		Estimated Increase/ (Decrease) In NII
Change in interest rates (basis points)	EVE		Amount		Percent			NII		Amount		Percent
					(Dollars in thousands)
June 30, 2012:
+200	$	3,202,809	$	534,995		20.1	%	$	803,559	$	129,310		19.2	%
+100		2,869,471		201,657		7.6			730,013		55,764		8.3
-		2,667,814		-		-			674,249		-		-
-100		2,850,860		183,046		6.9			641,228		(33,021)		(4.9)
-200		2,853,214		185,400		6.9			635,447		(38,802)		(5.8)
December 31, 2011:
+200	$	3,003,465	$	508,947		20.4	%	$	735,740	$	106,717		17.0	%
+100		2,729,000		234,482		9.4			671,880		42,857		6.8
-		2,494,518		-		-			629,023		-		-
-100		2,619,182		124,664		5.0			592,325		(36,698)		(5.8)
-200		2,626,452		131,934		5.3			583,214		(45,809)		(7.3)

74

Economic Value of Equity

The estimated EVE in the preceding table is based on a combination of valuation methodologies including a discounted cash flow analysis and a multi-path lattice based valuation. Both methodologies use publicly available market interest rates. The model simulations and calculations are highly assumption-dependent and will change regularly as our asset/liability structure changes, as interest rate environments evolve, and as we change our assumptions in response to relevant market or business circumstances. These calculations do not reflect the changes that we anticipate or may make to reduce our EVE exposure in response to a change in market interest rates as a part of our overall interest rate risk management strategy.

As with any method of measuring interest rate risk, certain limitations are inherent in the method of analysis presented in the preceding table. We are exposed to yield curve risk, prepayment risk and basis risk, which cannot be fully modeled and expressed using the above methodology. Accordingly, the results in the preceding table should not be relied upon as a precise indicator of actual results in the event of changing market interest rates. Additionally, the resulting EVE and NII estimates are not intended to represent, and should not be construed to represent the underlying value.

Our base case EVE at June 30, 2012 increased from December 31, 2011 by $173.3 million primarily due to the change in balance sheet mix, the growth in higher-yielding interest-earning assets and flatter and lower market yield curves. The asset growth was primarily due to an increase in loans and available-for-sale securities, which grew by $819.7 million and $84.9 million, respectively. EVE sensitivity decreased slightly in the simulated upward interest rate movement due to the effect of the lower rate environment on the non-interest bearing deposits. Due to the lower market yield curve, the value benefits associated with the non-interest bearing deposits was reduced in the simulated upward interest rate movement scenarios. In the simulated downward interest rate movements, EVE sensitivity increased due to the combined effects of a flatter and lower yield curve and deposit rates being at or near their absolute floors thus muting the negative effects of the downward interest rate shocks.

12-Month Net Interest Income Simulation

Our expected 12-month NII at June 30, 2012 increased from December 31, 2011 by $45.2 million primarily due to growth in our loan portfolio and higher-yielding available-for-sale securities. The growth in total assets was funded primarily by excess cash and cash equivalents from increases in deposit balances. NII sensitivity increased slightly in the simulated upward interest rate movements due largely to the increase in variable-rate loans. In the simulated downward interest rate movements, the NII sensitivity decreased due to the current low rate environment as certain of our deposit and loan rates are at or near their floors and a decrease in variable-rate available-for-sale securities.

The simulation model used for above analysis embeds floors in our interest rate scenarios, which prevent model benchmark rates from moving below 0.0%. Current modeling assumptions maintain the SVB prime lending rate at its existing level (currently at 4.0%) until the National Prime Index has been adjusted upward by a minimum of 75 basis points (to 4.0%), as we did not lower the Bank’s prime lending rate despite the 75 basis points decrease in the target Federal Funds rates in December 2008. These assumptions may change in future periods based on management discretion. Actual changes in our deposit pricing strategies may differ from our current model assumptions and may have an impact on our overall sensitivity.

ITEM 4. CONTROLS AND PROCEDURES

Disclosure Controls and Procedures

Disclosure controls and procedures are the controls and other procedures that are designed to ensure that information required to be disclosed in the reports that we file or submit under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) is recorded, processed, summarized, and reported within the time periods specified in SEC rules and forms. Disclosure controls and procedures include, among other things, processes, controls and procedures designed to ensure that information required to be disclosed in the reports that we file or submit under the Exchange Act is accumulated and communicated to management, including the Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure.

We carried out an evaluation, under the supervision and with the participation of management, including the Chief Executive Officer and the Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures as of our most recently completed fiscal quarter, pursuant to Exchange Act Rule 13a-15(b). Based upon this evaluation, the Chief Executive Officer and Chief Financial Officer have concluded that, as of the end of the period covered by this report, the Company’s disclosure controls and procedures were effective.

Changes in Internal Control

There were no changes in our internal control over financial reporting identified in management’s evaluation pursuant to Rules 13a-15(d) or 15d-15(d) of the Exchange Act during the period covered by this Quarterly Report on Form 10-Q that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

75

PART II–OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

Please refer to Note 14–“Legal Matters” of the “Notes to Interim Consolidated Financial Statements (unaudited)” under Part I, Item 1 of this report.

ITEM 1A. RISK FACTORS

There are no material changes from the risk factors set forth in our 2011 Form 10-K.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

Recent Sales of Unregistered Securities

None.

Issuer Purchases of Equity Securities

None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4. MINE SAFETY DISCLOSURES

Not applicable.

ITEM 5. OTHER INFORMATION

None.

ITEM 6. EXHIBITS

See Index to Exhibits at end of report.

76

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	SVB Financial Group
Date: August 8, 2012	/s/ MICHAEL DESCHENEAUX
	Michael Descheneaux
	Chief Financial Officer
	(Principal Financial Officer)
	SVB Financial Group
Date: August 8, 2012	/s/ KAMRAN HUSAIN
	Kamran Husain
	Chief Accounting Officer
	(Principal Accounting Officer)

77

INDEX TO EXHIBITS

Exhibit Number	Exhibit Description	Incorporated by Reference				Filed  Herewith
		Form	File No.	Exhibit	Filing Date
3.1	Restated Certificate of Incorporation	8-K	000-15637	3.1	May 31, 2005
3.2	Amended and Restated Bylaws	8-K	000-15637	3.2	July 27, 2010
3.3	Certificate of Designation of Rights, Preferences and Privileges of Series A Participating Preferred Stock	8-K	000-15637	3.3	December 8, 2008
3.4	Certificate of Designations of Fixed Rate Cumulative Perpetual Preferred Stock, Series B	8-K	000-15637	3.4	December 15, 2008
4.1	Junior Subordinated Indenture, dated as of October 30, 2003 between SVB Financial and Wilmington Trust Company, as trustee	8-K	000-15637	4.12	November 19, 2003
4.2	7.0% Junior Subordinated Deferrable Interest Debenture due October 15, 2033 of SVB Financial	8-K	000-15637	4.13	November 19, 2003
4.3	Amended and Restated Trust Agreement, dated as of October 30, 2003, by and among SVB Financial as depositor, Wilmington Trust Company as property trustee, Wilmington Trust Company as Delaware trustee, and the Administrative Trustees named therein	8-K	000-15637	4.14	November 19, 2003
4.4	Certificate Evidencing 7% Cumulative Trust Preferred Securities of SVB Capital II, dated October 30, 2003	8-K	000-15637	4.15	November 19, 2003
4.5	Guarantee Agreement, dated October 30, 2003, between SVB Financial and Wilmington Trust Company, as trustee	8-K	000-15637	4.16	November 19, 2003
4.6	Agreement as to Expenses and Liabilities, dated as of October 30, 2003, between SVB Financial and SVB Capital II	8-K	000-15637	4.17	November 19, 2003
4.7	Certificate Evidencing 7% Common Securities of SVB Capital II, dated October 30, 2003	8-K	000-15637	4.18	November 19, 2003
4.8	Officers’ Certificate and Company Order, dated October 30, 2003, relating to the 7.0% Junior Subordinated Deferrable Interest Debentures due October 15, 2033	8-K	000-15637	4.19	November 19, 2003
4.9	Amended and Restated Preferred Stock Rights Agreement, dated as of January 29, 2004, between SVB Financial and Wells Fargo Bank Minnesota, N.A.	8-A12G/A	000-15637	4.20	February 27, 2004
4.10	Amendment No. 1 to Amended & Restated Preferred Stock Rights Agreement, dated as of August 2, 2004, by and between SVB Financial and Wells Fargo Bank, N.A.	8-A12G/A	000-15637	4.13	August 3, 2004
4.11	Amendment No. 2 to Amended & Restated Preferred Stock Rights Agreement, dated as of January 29, 2008, by and between SVB Financial and Wells Fargo Bank, N.A.	8-A/A	000-15637	4.14	January 29, 2008
4.12	Amendment No. 3 to Amended and Restated Preferred Stock Rights Agreement, dated as of April 30, 2008, by and between SVB Financial and Wells Fargo Bank, N.A	8-A/A	000-15637	4.20	April 30, 2008

78

Exhibit Number	Exhibit Description	Incorporated by Reference				Filed  Herewith
		Form	File No.	Exhibit	Filing Date
4.13	Amendment No. 4 to Amended and Restated Preferred Stock Rights Agreement, dated as of January 15, 2010, by and between SVB Financial, Wells Fargo Bank, N.A. and American Stock Transfer & Trust Company, LLC	8-A/A	000-15637	4.22	January 19, 2010
4.14	Indenture, dated September 20, 2010, by and between SVB Financial Group and U.S. Bank National Association, as trustee	8-K	000-15637	4.1	September 20, 2010
4.15	Form of 5.375% Senior Note due 2020	8-K	000-15637	4.2	September 20, 2010
*10.8	Deferred Compensation Plan					X
31.1	Rule 13a-14(a) / 15(d)-14(a) Certification of Principal Executive Officer					X
31.2	Rule 13a-14(a) / 15(d)-14(a) Certification of Principal Financial Officer					X
32.1	Section 1350 Certifications					**
101.INS	XBRL Instance Document					X
101.SCH	XBRL Taxonomy Extension Schema Document					X
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document					X
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document					X
101.LAB	XBRL Taxonomy Extension Label Linkbase Document					X
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document					X

    * Denotes management contract or any compensatory plan, contract or arrangement.

    ** Furnished herewith

79

EX-10.8

Exhibit 10.8

SVB Financial Group

Deferred Compensation Plan

Plan Document

Amended April 25, 2012

TABLE OF CONTENTS

PURPOSES

ARTICLE 1 - DEFINITIONS		1
1.1	Account	1
1.2	Administrator	1
1.3	Base Pay	1
1.4	Beneficiary	1
1.5	Board	1
1.6	Bonus	1
1.7	Code	1
1.8	Compensation	1
1.9	Deferral Election	1
1.10	Eligible Employee	2
1.11	Employer	2
1.12	ERISA	2
1.13	Participant	2
1.14	Plan	2
1.15	Plan Sponsor	2
1.16	Plan Year	2
1.17	Separation from Service	2
1.18	Specified Employee	2
1.19	Special Retention Incentives	2
1.20	SVB Controlled Group	2
1.21	Valuation Date	2
ARTICLE 2 - PARTICIPATION		3
2.1	Participation	3
2.2	Termination of Participation	3
2.3	Other Termination of Employment	3
ARTICLE 3 - DEFERRAL ELECTIONS		4
3.1	Deferral Election	4
3.2	Election to Defer Base Pay	4
3.3	Election to Defer Bonus	4
3.4	Special Retention Incentives	4
3.5	Timing of Election to Defer	4
3.6	Election of Payment Schedule and Form of Payment	5
ARTICLE 4 - PARTICIPANT ACCOUNT		6
4.1	Individual Accounts	6
ARTICLE 5 - INVESTMENT OF CONTRIBUTIONS		7

5.1	Investment Options	7
5.2	Adjustment of Accounts	7
ARTICLE 6 - RIGHT TO BENEFITS		8
6.1	Vesting	8
6.1.1	Vesting for Voluntary Deferral	8
6.1.2	Vesting for Special Retention Incentives	8
6.2	Death	8
ARTICLE 7 - DISTRIBUTION OF BENEFITS		9
7.1	Amount of Benefits	9
7.2	Method and Timing of Distributions	9
7.2.1	Method and Timing of Distributions for Voluntary Elected Deferral	9
7.2.2	Method and Timing of Distributions for Special Retention Incentive	9
7.3	Cash outs of Amounts Not Exceeding $10,000	9
ARTICLE 8 - AMENDMENT AND TERMINATION		10
8.1	Amendment by Employer	10
8.2	Retroactive Amendments	10
8.3	Plan Termination	10
8.4	Distribution Upon Termination of the Plan	10
ARTICLE 9 - THE TRUST		11
9.1	Establishment of Trust	11
9.2	Grantor Trust	11
9.3	Investment of Trust Funds	11
ARTICLE 10 - MISCELLANEOUS		12
10.1	Acceleration of Payments Permitted Under Code Section 409A	12
10.2	Unsecured General Creditor of the Employer	12
10.3	Employer’s Liability	12
10.4	Limitation of Rights	12
10.5	Alienation of Benefits	12
10.6	Facility of Payment	13
10.7	Notices	13
10.8	Tax Withholding	13
10.9	Indemnification	14
10.10	Governing Law	14
10.11	Compliance with Section 111 of EESA
ARTICLE 11 - PLAN ADMINISTRATION		14
11.1	Powers and Responsibilities of the Administrator	14
11.2	Claims and Review Procedures	15
11.3	Plan Administrative Costs	16
APPENDIX A INVESTMENT OPTIONS		i

PURPOSES

The purposes of the SVB Financial Group Deferred Compensation Plan (the “Plan”) are (a) to permit eligible employees to elect to defer receipt of compensation which would otherwise be payable to them currently as annual base pay or bonuses and (b) to provide investment alternatives for voluntary and mandatory deferred compensation. The Plan is intended to be a “plan which is unfunded and is maintained by an employer primarily for the purpose of providing deferred compensation for a select group of management or highly compensated employees” within the meaning of Sections 201(2), 301(a)(3) and 401(a)(1) of ERISA and shall be implemented and administered in a manner consistent therewith. The Plan also is intended to comply with Section 409A of the Internal Revenue Code.

ARTICLE 1 – DEFINITIONS

Pronouns used in this Plan include the genders unless context clearly indicates otherwise. Wherever used herein, the following terms have the meanings set forth below, unless context clearly requires a different meaning:

1.1 “Account” means an account established for the purpose of recording amounts credited on behalf of a Participant and any income, expenses, gains, losses or distributions included thereon. The Account shall be a bookkeeping entry only and shall be utilized solely as a device for the measurement and determination of the amounts to be paid to a Participant pursuant to the Plan.

1.2 “Administrator” means the Employer, or such other person or persons designated by the Employer to be responsible for the administration of the Plan.

1.3 “Base Pay” means the basic or regular rate of per payroll period remuneration paid to the Participant by the Employer.

1.4 “Beneficiary” means the persons, trusts, estates or other entitities entitled under Section 6.2 to receive benefits under the Plan upon the death of a Participant.

1.5 “Board” means the Compensation Committee of Board of Directors of the Plan Sponsor.

1.6 “Bonus” means a bonus earned by an Eligible Employee during the Plan Year for services rendered to Employer as determined by the Administrator and payable no later than March 31 of the following Plan Year and does not include unearned income such as spot bonuses, business referrals, new employee referrals, sign-on, or relocation awards.

1.7 “Code” means the Internal Revenue Code of 1986, as amended from time to time.

1.8 “Compensation” means Base Pay and Bonus earned by an Eligible Employee during the Plan Year for services rendered to Employer as determined by the Administrator and payable no later than March 31 of the following Plan Year.

1.9 “Deferral Election” means an election an Eligible Employee makes as provided by Section 3.1.

- 1 -

1.10 “Eligible Employee” means an employee that Employer (a) determines to be a member of a select group of management or highly compensated employees within the meaning of Sections 201(2), 301(a)(3) and 401(a)(1) of ERISA and (b) designates as an Eligible Employee for purposes of this Plan.

1.11 “Employer” means SVB Financial Group and all other members of SVB Controlled Group that it designates to participate in this Plan.

1.12 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time.

1.13 “Participant” means any Eligible Employee who participates in the Plan in accordance with Article 2.

1.14 “Plan” means this SVB Financial Group Deferred Compensation Plan as set forth herein and as it may be amended from time to time.

1.15 “Plan Sponsor” means SVB Financial Group.

1.16 “Plan Year” means the Calendar Year.

1.17 “Separation from Service” means a Participant’s death, retirement, or other termination of employment with the SVB Controlled Group. The determination of whether a Participant has terminated employment shall be determined based on the facts and circumstances in accordance with the rules set forth in Code Section 409A and the regulations thereunder.

1.18 “Special Retention Incentives” means retention incentives offered to selected key Participants as provided in Section 3.4.

1.19 “Specified Employee” means a Participant who is identified as a “specified employee” as of the date of his Separation from Service in accordance with the requirements of Treasury Regulation section 1.409A-1(i).

1.20 “SVB Controlled Group” means the Employers and any corporation which is a member of a controlled group of corporations (as defined in Code Section 414(b)) which includes an Employer and any trade or business (whether or not incorporated) which is under common control (as defined in Code Section 414(c) with an Employer.

1.21 “Total Disability” means total disability as determined by the Social Security Administration or other disability that complies with the requirements of Treasury Regulations section 1.409A-3(i)(4).

1.22 “Valuation Date” means each business day of the Plan Year and such other date(s) as Employer designates.

- 2 -

ARTICLE 2 – PARTICIPATION

2.1 Participation. Each Eligible Employee shall become a Participant in the Plan by executing a Deferral Election in accordance with the provisions of Article 3 or by being designated as a Participant in a Special Retention Incentive.

2.2 Termination of Participation. A Participant’s participation in the Plan shall cease upon his termination of service with the Employer for any reason or his ceasing to qualify as an Eligible Employee. Upon any termination of participation, a Participant’s deferrals shall cease but the provisions of Section 7.2 shall continue to apply.

2.3 Other Termination of Employment. If the Participant’s employment is terminated prior to the end of a Special Retention Incentive Vesting Period for any reason other than death or Total Disability, the Participant will forfeit all rights to payment under this Plan.

- 3 -

ARTICLE 3 – DEFERRAL ELECTIONS

3.1 Deferral Election. Each Eligible Employee may elect to defer Compensation payable to him currently for the Plan Year by executing a Deferral Election in accordance with rules and procedures established by the Administrator and the provisions of this Article 3. The Deferral Election must separately specify for each type of Compensation (i.e., Base Pay and Bonus) the whole number percentage multiple that the Participant elects to defer and the timing and form of payment of the deferred amount.

A new Deferral Election must be timely executed for each Plan Year during which the Eligible Employee elects to defer compensation. An Eligible Employee who does not timely execute a Deferral Election shall be deemed to have elected zero deferrals for such Plan Year.

The Administrator shall specify a period, ending no later than the business day preceding the Plan Year, during which Deferral Elections may be made as to a Plan Year. Each Deferral Election becomes irrevocable at the close of the specified period.

3.2 Election to Defer Base Pay. An Eligible Employee may elect to defer Base Pay for a Plan Year in any amount (in 1% increments) from 5% to 50% of Base Pay.

3.3 Election to Defer Bonus. An Eligible Employee may elect to defer (in 1% increments) from 5% to 100% of his Bonus for a Plan Year.

3.4 Special Retention Incentives. From time to time during the Plan Year, the Administrator, in its sole discretion, shall designate Special Retention Incentives to key employees as eligible for investment in this plan during the retention qualifying period.

3.5 Timing of Election to Defer. Each Eligible Employee who desires to defer Base Pay otherwise payable during a Plan Year must execute a Deferral Election within the period preceding the Plan Year specified by the Administrator. Each Eligible Employee who desires to defer a Bonus must execute a Deferral Election within the period preceding the Plan Year during which the Bonus is earned that is specified by the Administrator, except that if the Bonus can be treated as “performance based compensation which is based upon services performed over a period of at least twelve months” as described in Section 409A(a)(4)(B)(iii) and Treasury Regulations promulgated thereunder, such Deferral Election must be executed no later than the date which is six months before the end of the performance period in which the Bonus is earned.

- 4 -

In the case of the first Plan Year in which an Employee first becomes classified or designated as an Eligible Employee, if and to the extent permitted by the Administrator, the individual may make an election no later than thirty (30) days after the date he or she becomes an Eligible Employee to defer Base Pay and/or Bonus (as applicable) for services to be performed after the election. An election will be deemed to apply to Bonus for services performed after the election if the election applies to no more than an amount equal to the total Bonus for the performance period multiplied by the ratio of the number of days remaining in the performance period after the election over the total number of days in the performance period. This paragraph will not apply to an Employee who is a participant in any other account balance deferred compensation plans maintained by any member of the SVB Controlled Group which is required to be aggregated with this Plan under Code Section 409A.

3.6 Election of Payment Schedule and Form of Payment. At the time an Eligible Employee completes a Deferral Election, the Eligible Employee must separately elect for each type of Compensation being deferred (i.e., for Base Pay and Bonus).

A Participant must designate on the Deferral Election the year that distribution from the Participant’s Account shall be made. The year must be at least three years after the first day of the Plan Year during which the Deferral Election is effective.

A Participant must elect to receive distribution of the Participant’s Deferral Accounts in either a single lump sum in cash or in annual cash installments over a period of up to ten years.

Subject to section 7.2, distribution shall commence no earlier than six months following the date of a Participant’s Separation from Service.

- 5 -

ARTICLE 4 – PARTICIPANT ACCOUNT

4.1 Individual Accounts. The Administrator will establish and maintain a bookkeeping Account for each Participant which will reflect deferrals made pursuant to Article 3 along with earnings, expenses, gains and losses credited thereto, attributable to the hypothetical investments made with the amounts in the Participant’s Account as provided in Article 5. The amount a Participant elects to defer in accordance with Article 3 shall be credited to the Participant’s Account at the time the amount subject to the deferral election would otherwise have been payable to the Participant but for his election to defer. The Administrator will establish and maintain such other accounts and records as it decides in its discretion to be reasonably required or appropriate to discharge its duties under the Plan.

- 6 -

ARTICLE 5 – INVESTMENT OF CONTRIBUTIONS

5.1 Investment Options. The amount in a Participant’s Account shall be treated as invested in the investment options designated for this purpose by the Administrator and set forth in Appendix A.

5.2 Adjustment of Accounts. The amount in a Participant’s Account shall be adjusted for hypothetical investment earnings or losses in an amount equivalent to the gains or losses reported by the investment options selected by the Participant or Beneficiary from among the investment options provided in Section 5.1. A Participant may, in accordance with rules and procedures established by the Administrator, change the investments to be used for the purpose of calculating future hypothetical investment adjustments to the Participant’s Account or to future Participant deferrals effective as of the Valuation Date coincident with or next following notice to the Administrator. The Account of each Participant shall be adjusted as of each Valuation Date to reflect: (a) the hypothetical investment earnings and/or losses described above; (b) Participant deferrals; and (c) distributions or withdrawals from the Account.

- 7 -

ARTICLE 6 – RIGHT TO BENEFITS

6.1 Vesting

6.1.1 Vesting for Voluntary Elected Deferral Amounts. Except as provided in Section 6.1.2, Participant, at all times, has a 100% nonforfeitable interest in voluntary elected deferral amounts credited to his Account.

6.1.2 Vesting for Special Retention Incentives. These awards are subject to time-based vesting requirements (and other vesting requirements as the Administrator may determine from time to time) based on the following schedule:

Vesting Period	Retention Incentive to Salary Multiple
3 years	Less than or equal to one times annual salary
4 years	Greater than one times annual salary and less than or equal to two times annual salary
5 years	Greater than two times annual salary

6.2 Death. The balance or remaining balance credited to a Participant’s Account shall be paid to his Beneficiary in a single lump sum payment as soon as practicable following the date of death. If multiple Beneficiaries have been designated, each Beneficiary shall receive a single lump sum payment of his specified portion of the Account as soon as practicable following the date of death.

A Participant may designate a Beneficiary or Beneficiaries, or change any prior designation of Beneficiary or Beneficiaries in accordance with rules and procedures established by the Administrator.

A copy of the death notice or other sufficient documentation must be filed with and approved by the Administrator. If upon the death of the Participant there is, in the opinion of the Administrator, no designated Beneficiary for part or all of the Participant’s Account, such amount will be

- 8 -

paid to his estate (such estate shall be deemed to be the Beneficiary for purposes of the Plan) in a single lump sum payment.

ARTICLE 7 – DISTRIBUTION OF BENEFITS

7.1 Amount of Benefits. The amount credited to a Participant’s Account as determined under Articles 4 and 6 shall determine and constitute the basis for the value of benefits payable to the Participant under the Plan.

7.2 Method and Timing of Distributions.

7.2.1 Method and Timing of Distributions for Voluntary Deferral. Subject to Section 7.3, distributions for voluntary elected deferral amounts under the Plan will occur in the month following the end of the Plan Year and shall be made at the time and in the manner specified by the Participant in accordance with the provisions of Article 3. In all events, distribution shall commence no earlier than six months following the date of a Participant’s Separation from Service.

7.2.2 Method and Timing of Distributions for Special Retention Incentives. Distributions for Special Retention Incentive will occur as soon as administratively feasible following the vesting date specified by the Administrator, but in no event more than 60 days.

7.3 Cashouts Of Amounts Not Exceeding $10,000. If the amount credited to the Participant’s Account does not exceed $10,000 at the time he separates from service with the Employer for any reason, the Employer shall pay such amount to the Participant in a single lump sum payment as soon as practicable following such termination or cessation of service regardless of whether the Participant had made different elections of time or form of payment as to the amount credited to his Account or whether the Participant was receiving installments at the time of such termination. A distribution made to a Specified Employee shall not be made before the date that is six months after the date of his Separation from Service.

- 9 -

ARTICLE 8 – AMENDMENT AND TERMINATION

8.1 Amendment by Employer. The Plan Sponsor reserves the right to amend the Plan (for itself and each Employer) through action of the Board. An amendment must be in writing and executed by an officer authorized to take such action. Each amendment shall be effective when approved by the Board. No amendment can directly or indirectly deprive any current or former Participant or Beneficiary of all or any portion of his Account, which had accrued prior to the amendment.

8.2 Retroactive Amendments. An amendment made by the Plan Sponsor in accordance with Section 8.1 may be made effective on a date prior to the first day of the Plan Year in which it is adopted if such amendment is necessary or appropriate to enable the Plan to satisfy the applicable requirements of the Code or ERISA or to conform the Plan to any change in federal law or to any regulations or ruling thereunder. Any retroactive amendment by the Plan Sponsor shall be subject to the provisions of Section 8.1.

8.3 Plan Termination. The Plan has been adopted with the intention and expectation that it will be continued indefinitely. Each Employer, however, reserves the right to terminate the Plan with respect to its participating employees. Each Employer has no obligation or liability whatsoever to maintain the Plan for any length of time and may discontinue contributions under the Plan or terminate the Plan at any time without any liability hereunder for any such discontinuance or termination.

8.4 Distribution Upon Termination of the Plan. Upon termination of the Plan, no further Contributions shall be made under the Plan and if such termination meets the distribution acceleration requirements of Code Section 409A, all amounts credited to each Participant’s Account shall be paid out as soon as administratively feasible in a single lump sum payment regardless of the elections the Participant had made concerning the time and form of payment of the amounts credited to his Account and regardless of whether the Participant was receiving installments at the time of such Plan termination.

- 10 -

ARTICLE 9 – THE TRUST

9.1 Establishment of Trust. The Plan Sponsor may but is not required to establish a trust to hold amounts, which the Plan Sponsor may contribute from time to time to correspond to some or all amounts credited to Participants under Section 4.1. If the Plan Sponsor elects to establish a trust, the provisions of Sections 9.2 and 9.3 shall become operative.

9.2 Grantor Trust. Any trust established by the Plan Sponsor shall be between the Plan Sponsor and a trustee pursuant to a separate written agreement under which assets are held, administered and managed, subject to the claims of the Plan Sponsor’s creditors in the event of the Plan Sponsor’s insolvency, until paid to the Participant and/or his Beneficiaries specified in the Plan. The trust is intended to be treated as a grantor trust under the Code, and the establishment of the trust shall not cause the Participant to realize current income on amounts contributed thereto.

9.3 Investment of Trust Funds. Any amounts contributed to the trust by the Plan Sponsor shall be invested by the trustee in accordance with the provisions of the trust and the instructions of the Administrator. Trust investments need not reflect the hypothetical investments selected by Participants under Section 5.1 for the purpose of adjusting Accounts and the earnings or investment results of the trust shall not affect the hypothetical investment adjustments to Participant Accounts under the Plan.

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ARTICLE 10 – MISCELLANEOUS

10.1 Acceleration of Payments Permitted Under Code Section 409A. Notwithstanding anything in this Plan to the contrary, the Administrator may provide that a Participant will receive all or a portion of his or her Account prior to the time specified in this Plan to the extent such acceleration is permitted under Code Section 409A.

10.2 Unsecured General Creditor of the Employer. Participants and their Beneficiaries, heirs, successors and assigns shall have no legal or equitable rights, interests or claims in any property or assets of the Employer. For purposes of the payment of benefits under the Plan, any and all of the Employer’s assets shall be, and shall remain, the general, unpledged, unrestricted assets of the Employer. Each Employer’s obligation under the Plan shall be merely that of an unfunded and unsecured promise to pay money in the future.

10.3 Employer’s Liability. Each Employer’s liability for the payment of benefits under the Plan shall be defined only by the Plan and by the Deferral Elections entered into between a Participant and the Employer. An Employer shall have no obligation or liability to a Participant under the Plan except as provided by the Plan and a Deferral Election or agreements. An Employer shall have no liability to Participants employed by other Employers.

10.4 Limitation of Rights. Neither the establishment of the Plan, nor any amendment thereof, nor the creation of any fund or account, nor the payment of any benefits, will be construed as giving to the Participant or any other person any legal or equitable right against the Employer or Administrator, except as provided herein; and in no event will the terms of employment or service of the Participant be modified or in any way affected hereby.

10.5 Assignment of Benefits. Except as hereinafter provided with respect to marital disputes, none of the benefits or rights of a Participant or any Beneficiary of a Participant shall be subject to the claim of any creditor. In particular, to the fullest extent permitted by law, all such benefits and rights shall be free from attachment, garnishment, or any other legal or equitable process available to any creditor of the Participant and his or her Beneficiary. Neither the Participant nor his or her Beneficiary shall have the right to alienate, anticipate, commute, pledge, encumber, or assign any of the payments which he or she may expect to receive, contingently or otherwise, under this Plan, except the right to designate a Beneficiary to receive death benefits provided hereunder. In cases of marital dispute,

- 12 -

the Employer shall observe the terms of the Plan unless and until ordered to do otherwise by a state or Federal court. As a condition of participation, a Participant agrees to hold the Employer harmless from any harm that arises out of the Employer’s obeying the final order of any state or Federal court, whether such order effects a judgment of such court or is issued to enforce a judgment or order of another court. A distribution made to comply with a court-approved settlement incident to divorce or to comply with Federal conflict of interest requirements shall be permitted, notwithstanding the provisions of Article 3 or any elections made by the Participant to the contrary.

10.6 Facility of Payment. If the Administrator determines, on the basis of medical reports or other evidence satisfactory to the Administrator, that the recipient of any benefit payments under the Plan is incapable of handling his affairs by reason of minority, illness, infirmity or other incapacity, the Administrator may direct the Employer to disburse such payments to a person or institution designated by a court which has jurisdiction over such recipient or a person or institution otherwise having the legal authority under State law for the care and control of such recipient. The receipt by such person or institution of any such payments therefore, and any such payment to the extent thereof, shall discharge the liability of the Employer for the payment of benefits hereunder to such recipient.

10.7 Notices. Any notice or other communication in connection with the Plan shall be deemed delivered in writing if addressed as provided below and if either actually delivered at said address or, in the case or a letter, 5 business days shall have elapsed after the same shall have been deposited in the United States mails, first-class postage prepaid and registered or certified:

(a) If it is sent to the Employer or Administrator, it will be at the address specified by the Employer; or

(b) In each case at such address as the addressee shall have specified by written notice delivered in accordance with the foregoing to the addressor’s then effective notice address.

10.8 Tax Withholding. The Employer shall have the right to deduct from all payments or deferrals made under the Plan any tax required by law to be withheld. If the Employer concludes that tax is owed with respect to any deferral or payment hereunder, the Employer shall withhold such amounts from any payments due the Participant, as permitted by law, or otherwise make appropriate arrangements with the Participant or his Beneficiary for satisfaction of such obligation. Tax, for purposes of this Section 10.8 means any federal, state, local or any other governmental income tax, employment or payroll tax, excise tax, or any other tax or assessment

- 13 -

owing with respect to amounts deferred, any earnings thereon, and any payments made to Participants under the Plan.

10.9 Indemnification. Each Employer shall indemnify and hold harmless each employee, officer, or director of an Employer to whom is delegated duties, responsibilities, and authority with respect to the Plan against all claims, liabilities, fines and penalties, and all expenses reasonably incurred by or imposed upon him (including but not limited to reasonable attorney fees) which arise as a result of his actions or failure to act in connection with the operation and administration of the Plan to the extent lawfully allowable and to the extent that such claim, liability, fine, penalty, or expense is not paid for by liability insurance purchased or paid for by an Employer. Notwithstanding the foregoing, an Employer shall not indemnify any person for any such amount incurred through any settlement or compromise of any action unless the Employer consents in writing to such settlement or compromise.

10.10 Governing Law. The Plan will be construed, administered and enforced according to ERISA, and to the extent not preempted thereby, the laws of the State of California.

ARTICLE 11 – PLAN ADMINISTRATION

11.1 Powers and Responsibilities of the Administrator. The Administrator has the full power and the full responsibility to administer the Plan in all of its details, subject, however, to the applicable requirements of ERISA. The Administrator’s powers and responsibilities include, but are not limited to, the following:

(a) To make and enforce such rules and regulations as it deems necessary or proper for the efficient administration of the Plan;

(b) To interpret the Plan, its interpretation thereof in good faith to be final and conclusive on all persons claiming benefits under the Plan;

(c) To decide all questions concerning the Plan and the eligibility of any person to participate in the Plan;

(d) To administer the claims and review procedures specified in Section 11.2;

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(e) To compute the amount of benefits which will be payable to any Participant, former Participant or Beneficiary in accordance with the provisions of the Plan;

(f) To determine the person or persons to whom such benefits will be paid;

(g) To authorize the payment of benefits;

(h) To comply with the reporting and disclosure requirements of Part 1 of Subtitle B of Title I of ERISA;

(i) To appoint such agents, counsel, accountants, and consultants as may be required to assist in administering the Plan;

(j) By written instrument, to allocate and delegate its responsibilities, including the formation of an Administrative Committee to administer the Plan.

11.2 Claims and Review Procedures.

(a) Claims Procedure. If any person believes he is being denied any rights or benefits under the Plan, such person may file a claim in writing with the Administrator. If any such claim is wholly or partially denied, the Administrator will notify such person of its decision in writing. Such notification will contain (i) specific reasons for the denial, (ii) specific reference to pertinent Plan provisions, (iii) a description of any additional material or information necessary for such person to perfect such claim and an explanation of why such material or information is necessary, and (iv) information as to the steps to be taken if the person wishes to submit a request for review. Such notification will be given within 90 days after the claim is received by the Administrator (or within 180 days, if special circumstances require an extension of time for processing the claim, and if written notice of such extension and circumstances is given to such person within the initial 90-day period). If such notification is not given within such period, the claim will be considered denied as of the last day of such period and such person may request a review of his claim.

(b) Review Procedure. Within 60 days after the date on which a person receives a written notification of denial of claim (or, if written notification is not provided, within 60 days of the date denial is considered to have occurred), such person (or his duly authorized representative) may (i) file a written request with the Administrator for a review of his denied claim and of pertinent documents and (ii) submit written issues and comments to the Administrator. The Administrator will notify such person of its decision in writing. Such

- 15 -

notification will be written in a manner calculated to be understood by such person and will contain specific reasons for the decision as well as specific references to pertinent Plan provisions. The decision on review will be made within 60 days after the request for review is received by the Administrator (or within 120 days, if special circumstances require an extension of time for processing the request, such as an election by the Administrator to hold a hearing, and if written notice of such extension and circumstances is given to such person within the initial 60-day period). If the decision on review is not made within such period, the claim will be considered denied.

11.3 Plan Administrative Costs. All reasonable costs and expenses (including legal, accounting, and employee communication fees) incurred by the Administrator in administering the Plan shall be paid by the Employer.

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IN WITNESS WHEREOF, the Plan Sponsor by its duly authorized officer(s), has caused the Plan as amended and restated effective as of January 1, 2005 to be adopted on the 25th day of April, 2012.

SVB FINANCIAL GROUP

By: Approved by the Compensation Committee on April 25, 2012. Refer to official Compensation Committee Minutes for approval record.

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APPENDIX A

INVESTMENT OPTIONS

•    American Century Small Company	•    Fidelity Freedom Fund 2050
•    Fidelity Blue Chip	•    Fidelity Freedom Income
•    Fidelity Diversified International	•    Fidelity Government Income
•    Fidelity Equity Income	•    Fidelity Mid-Cap Stock
•    Fidelity Freedom Fund 2000	•    Fidelity Retirement Money Market
•    Fidelity Freedom Fund 2005	•    Franklin Small/Mid Cap Growth
•    Fidelity Freedom Fund 2010	•    Goldman Sachs Mid Cap Value
•    Fidelity Freedom Fund 2015	•    Hotchkis and Wiley Large Cap Value Fund
•    Fidelity Freedom Fund 2020	•    Legg Mason Aggressive Growth Fund
•    Fidelity Freedom Fund 2025	•    PIMCO Low Duration Bond
•    Fidelity Freedom Fund 2030	•    Spartan 500 Index
•    Fidelity Freedom Fund 2035	•    SVB Financial Group Stock
•    Fidelity Freedom Fund 2040	•    Wells Fargo Adv Small Cap Value
•    Fidelity Freedom Fund 2045	•    Fidelity Freedom Fund 2055

- i -

EX-31.1

EXHIBIT 31.1

RULE 13a-14(a)/15d-14(a) CERTIFICATION

I, Greg Becker, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of SVB Financial Group;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s Board of Directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 8, 2012	/s/ GREG BECKER
	Greg Becker
	President and Chief Executive Officer
	(Principal Executive Officer)

EX-31.2

EXHIBIT 31.2

RULE 13a-14(a)/15d-14(a) CERTIFICATION

I, Michael Descheneaux, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of SVB Financial Group;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s Board of Directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 8, 2012	/s/ MICHAEL DESCHENEAUX
	Michael Descheneaux
	Chief Financial Officer
	(Principal Financial Officer)

EX-32.1

EXHIBIT 32.1

SECTION 1350 CERTIFICATIONS

I, Greg Becker, certify, pursuant to 18 U.S.C. Section 1350, that, to my knowledge, the Quarterly Report of SVB Financial Group on Form 10-Q for the quarterly period ended June 30, 2012, (i) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and (ii) that the information contained in such Form 10-Q fairly presents, in all material respects, the financial condition and results of operations of SVB Financial Group.

Date: August 8, 2012	/s/ GREG BECKER
	Greg Becker
	President and Chief Executive Officer
	(Principal Executive Officer)

I, Michael Descheneaux, certify, pursuant to 18 U.S.C. Section 1350, that, to my knowledge, the Quarterly Report of SVB Financial Group on Form 10-Q for the quarterly period ended June 30, 2012, (i) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and (ii) that the information contained in such Form 10-Q fairly presents, in all material respects, the financial condition and results of operations of SVB Financial Group.

Date: August 8, 2012	/s/ MICHAEL DESCHENEAUX
	Michael Descheneaux
	Chief Financial Officer
	(Principal Financial Officer)

XML

Unrecognized Share-Based Compensation Expense (Detail) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2012
Unrecognized Share Based Compensation Expense [Line Items]
Unrecognized Expense	$ 48,835
Stock option
Unrecognized Share Based Compensation Expense [Line Items]
Unrecognized Expense	19,129
Average Expected Recognition Period - in Years	3 years
Restricted stock units
Unrecognized Share Based Compensation Expense [Line Items]
Unrecognized Expense	$ 29,706
Average Expected Recognition Period - in Years	2 years 11 months 26 days

XML

Composition of Loans, Net of Unearned income (Parenthetical) (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012		Dec. 31, 2011
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	$ 7,789,752	[1]	$ 6,970,082	[1]
Credit Card Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	58,300		49,700
Real estate secured loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	927,924		879,989
Premium wine | Construction loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	147,900		110,800
Premium wine | Real estate secured loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	373,658	[2]	345,988	[2]
Consumer loans | Real estate secured loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	554,266	[3]	534,001	[3]
Consumer loans | Real estate secured loans | Loans for personal residence
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	369,780		350,359
Consumer loans | Real estate secured loans | Loans to eligible employees
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	103,824		99,704
Consumer loans | Real estate secured loans | Home equity lines of credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	$ 80,662		$ 83,938

[1] Included within our total loan portfolio are credit card loans of $58.3 million and $49.7 million at June 30, 2012 and December 31, 2011, respectively.

[2] Included in our premium wine portfolio are gross construction loans of $147.9 million and $110.8 million at June 30, 2012 and December 31, 2011, respectively.

[3] Consumer loans secured by real estate at June 30, 2012 and December 31, 2011 were comprised of the following: (Dollars in thousands) June 30, 2012 December 31, 2011 Loans for personal residence $ 369,780 $ 350,359 Loans to eligible employees 103,824 99,704 Home equity lines of credit 80,662 83,938 Consumer loans secured by real estate $ 554,266 $ 534,001

XML

Summary of Unrealized Losses on Available for Sale Securities (Parenthetical) (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012 Investment
Investments, Unrealized Loss Position [Line Items]
Number of investments in unrealized loss positions	33
Number of investment with unrealized losses	5
Investments that were in unrealized loss position	$ 43,396	[1]
Unrealized Losses on Investments	$ 214	[1]

[1] As of June 30, 2012, we identified a total of 33 investments that were in unrealized loss positions, of which five investments totaling $43.4 million with unrealized losses of $0.2 million has been in an impaired position for a period of time greater than 12 months. As of June 30, 2012, we do not intend to sell any impaired debt securities prior to recovery of our adjusted cost basis, and it is more likely than not that we will not be required to sell any of our securities prior to recovery of our adjusted cost basis. Based on our analysis as of June 30, 2012, we deem all impairments to be temporary, and therefore changes in value for our temporarily impaired securities as of the same date are included in other comprehensive income. Market valuations and impairment analyses on assets in the available-for-sale securities portfolio are reviewed and monitored on a quarterly basis.

XML

Total Notional or Contractual Amounts, Fair Value, Collateral and Net Exposure of Derivative Financial Instruments (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012		Dec. 31, 2011
Derivative [Line Items]
Fair value	$ 90,524		$ 80,825
Collateral	5,880	[1]
Net Exposure	84,644	[2]	80,825	[2]
Derivatives designated as hedging instruments | Interest rate risks | Interest rate swaps | Other assets
Derivative [Line Items]
Notional or Contractual Amount	45,964		187,393
Fair value	9,331		11,441
Collateral	5,880	[1]
Net Exposure	3,451	[2]	11,441	[2]
Derivatives not designated as hedging instruments | Currency exchange risks
Derivative [Line Items]
Fair value	392		315
Net Exposure	392	[2]	315	[2]
Derivatives not designated as hedging instruments | Currency exchange risks | Foreign exchange forwards | Other assets
Derivative [Line Items]
Notional or Contractual Amount	53,158		68,518
Fair value	1,518		514
Net Exposure	1,518	[2]	514	[2]
Derivatives not designated as hedging instruments | Currency exchange risks | Foreign exchange forwards | Other liability
Derivative [Line Items]
Notional or Contractual Amount	45,505		6,822
Fair value	(1,126)		(199)
Net Exposure	(1,126)	[2]	(199)	[2]
Derivatives not designated as hedging instruments | Other derivative instruments | Equity Warrant Asset | Other assets
Derivative [Line Items]
Notional or Contractual Amount	156,784		144,586
Fair value	74,405		66,953
Net Exposure	74,405	[2]	66,953	[2]
Derivatives not designated as hedging instruments | Other derivative instruments | Other derivatives
Derivative [Line Items]
Fair value	6,396		2,116
Net Exposure	6,396	[2]	2,116	[2]
Derivatives not designated as hedging instruments | Other derivative instruments | Other derivatives | Foreign exchange forwards | Other assets
Derivative [Line Items]
Notional or Contractual Amount	530,889		387,714
Fair value	18,317		17,541
Net Exposure	18,317	[2]	17,541	[2]
Derivatives not designated as hedging instruments | Other derivative instruments | Other derivatives | Foreign exchange forwards | Other liability
Derivative [Line Items]
Notional or Contractual Amount	388,394		366,835
Fair value	(13,488)		(16,346)
Net Exposure	(13,488)	[2]	(16,346)	[2]
Derivatives not designated as hedging instruments | Other derivative instruments | Other derivatives | Foreign currency options | Other assets
Derivative [Line Items]
Notional or Contractual Amount	97,943		75,600
Fair value	747		271
Net Exposure	747	[2]	271	[2]
Derivatives not designated as hedging instruments | Other derivative instruments | Other derivatives | Foreign currency options | Other liability
Derivative [Line Items]
Notional or Contractual Amount	97,943		75,600
Fair value	(747)		(271)
Net Exposure	(747)	[2]	(271)	[2]
Derivatives not designated as hedging instruments | Other derivative instruments | Other derivatives | Loan conversion options | Other assets
Derivative [Line Items]
Notional or Contractual Amount	10,254		14,063
Fair value	1,569		923
Net Exposure	1,569	[2]	923	[2]
Derivatives not designated as hedging instruments | Other derivative instruments | Other derivatives | Client interest rate derivatives | Other assets
Derivative [Line Items]
Notional or Contractual Amount	38,588		39,713
Fair value	57		50
Net Exposure	57	[2]	50	[2]
Derivatives not designated as hedging instruments | Other derivative instruments | Other derivatives | Client interest rate derivatives | Other liability
Derivative [Line Items]
Notional or Contractual Amount	38,588		39,713
Fair value	(59)		(52)
Net Exposure	$ (59)	[2]	$ (52)	[2]

[1] Cash collateral received from our counterparty for our interest rate swap agreement is recorded as a component of "short-term borrowings" on our consolidated balance sheets.

[2] Net exposure for contracts in a gain position reflects the replacement cost in the event of nonperformance by all such counterparties. The credit ratings of our institutional counterparties as of June 30, 2012 remain at investment grade or higher and there were no material changes in their credit ratings for the three and six months ended June 30, 2012.

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Composition of Loans, Net of Unearned Income, Broken Out by Portfolio Segment and Class of Financing Receivable (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012		Dec. 31, 2011
Financing Receivable, Recorded Investment [Line Items]
Loans, net of unearned income	$ 7,789,752	[1]	$ 6,970,082	[1]
Commercial loans
Financing Receivable, Recorded Investment [Line Items]
Loans, net of unearned income	7,058,956		6,274,944
Commercial loans | Software
Financing Receivable, Recorded Investment [Line Items]
Loans, net of unearned income	2,752,500		2,492,849
Commercial loans | Hardware
Financing Receivable, Recorded Investment [Line Items]
Loans, net of unearned income	1,086,973		952,303
Commercial loans | Venture capital/private equity
Financing Receivable, Recorded Investment [Line Items]
Loans, net of unearned income	1,403,801		1,117,419
Commercial loans | Life science
Financing Receivable, Recorded Investment [Line Items]
Loans, net of unearned income	917,723		863,737
Commercial loans | Premium wine
Financing Receivable, Recorded Investment [Line Items]
Loans, net of unearned income	493,701		476,233
Commercial loans | Commercial Other Financing Receivable
Financing Receivable, Recorded Investment [Line Items]
Loans, net of unearned income	404,258		372,403
Consumer loans
Financing Receivable, Recorded Investment [Line Items]
Loans, net of unearned income	730,796		695,138
Consumer loans | Real estate secured loans
Financing Receivable, Recorded Investment [Line Items]
Loans, net of unearned income	554,266		534,001
Consumer loans | Consumer Other Financing Receivable
Financing Receivable, Recorded Investment [Line Items]
Loans, net of unearned income	$ 176,530		$ 161,137

[1] Included within our total loan portfolio are credit card loans of $58.3 million and $49.7 million at June 30, 2012 and December 31, 2011, respectively.

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Summary Information Related to Commitments to Extend Credit (Excluding Letters of Credit) (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012		Dec. 31, 2011
Supply Commitment [Line Items]
Fixed interest rate commitments	$ 834,431	[1]	$ 658,377	[1]
Variable interest rate commitments	7,096,370	[1]	6,548,002	[1]
Total loan commitments available for funding	7,930,801	[1]	7,206,379	[1]
Commercial and standby letters of credit	821,904	[2]	861,191	[2]
Total unfunded credit commitments	8,752,705		8,067,570
Commitments unavailable for funding	882,458	[3]	841,439	[3]
Maximum lending limits for accounts receivable factoring arrangements	847,757	[4]	747,392	[4]
Reserve for unfunded credit commitments	$ 23,476	[5]	$ 21,811	[5]

[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] We extend credit under accounts receivable factoring arrangements when our clients' sales invoices are deemed creditworthy under existing underwriting practices.

[5] Our reserve for unfunded credit commitments includes an allowance for both our unfunded loan commitments and our letters of credit.

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Major Components of Investment Securities Portfolio (Parenthetical) (Detail) (USD $)																					6 Months Ended		12 Months Ended		6 Months Ended		12 Months Ended		6 Months Ended				12 Months Ended		6 Months Ended			12 Months Ended		6 Months Ended				12 Months Ended		6 Months Ended			12 Months Ended	6 Months Ended	12 Months Ended	6 Months Ended	12 Months Ended	6 Months Ended	12 Months Ended	6 Months Ended	12 Months Ended	6 Months Ended	12 Months Ended	6 Months Ended	12 Months Ended	6 Months Ended	12 Months Ended	6 Months Ended	12 Months Ended	6 Months Ended	12 Months Ended	6 Months Ended	12 Months Ended	1 Months Ended	6 Months Ended				6 Months Ended		12 Months Ended	3 Months Ended	6 Months Ended				6 Months Ended
	Jun. 30, 2012 Fair value accounting Venture capital and private equity fund investments		Dec. 31, 2011 Fair value accounting Venture capital and private equity fund investments		Jun. 30, 2012 Fair value accounting Other venture capital investments		Dec. 31, 2011 Fair value accounting Other venture capital investments		Dec. 31, 2011 Fair value accounting Other investments		Jun. 30, 2012 Equity method accounting Other investments		Dec. 31, 2011 Equity method accounting Other investments		Jun. 30, 2012 Cost method accounting Venture capital and private equity fund investments Investment		Dec. 31, 2011 Cost method accounting Venture capital and private equity fund investments Investment		Jun. 30, 2012 Cost method accounting Other investments	Dec. 31, 2011 Cost method accounting Other investments	Jun. 30, 2012 SVB Capital Partners II, LP Fair value accounting Venture capital and private equity fund investments		Dec. 31, 2011 SVB Capital Partners II, LP Fair value accounting Venture capital and private equity fund investments		Jun. 30, 2012 SVB Capital Partners II, LP Fair value accounting Other venture capital investments		Dec. 31, 2011 SVB Capital Partners II, LP Fair value accounting Other venture capital investments		Jun. 30, 2012 SVB Capital Partners II, LP Fair value accounting Direct ownership interest Venture capital and private equity fund investments	Jun. 30, 2012 SVB Capital Partners II, LP Fair value accounting Indirect ownership interest Venture capital and private equity fund investments	Jun. 30, 2012 Other private equity fund Fair value accounting Venture capital and private equity fund investments		Dec. 31, 2011 Other private equity fund Fair value accounting Venture capital and private equity fund investments		Jun. 30, 2012 Other private equity fund Fair value accounting Direct ownership interest Venture capital and private equity fund investments	Jun. 30, 2012 Gold Hill Venture Lending 03, LP Equity method accounting Other investments		Dec. 31, 2011 Gold Hill Venture Lending 03, LP Equity method accounting Other investments		Jun. 30, 2012 Gold Hill Venture Lending 03, LP Equity method accounting Direct ownership interest Other investments	Jun. 30, 2012 Gold Hill Venture Lending 03, LP Equity method accounting Indirect ownership interest Other investments	Jun. 30, 2012 Gold Hill Capital 2008, LP Equity method accounting Other investments		Dec. 31, 2011 Gold Hill Capital 2008, LP Equity method accounting Other investments		Jun. 30, 2012 Gold Hill Capital 2008, LP Equity method accounting Direct ownership interest Other investments	Jun. 30, 2012 Gold Hill Capital 2008, LP Equity method accounting Indirect ownership interest Other investments	Jun. 30, 2012 SVB Strategic Investors Fund, LP Fair value accounting Venture capital and private equity fund investments	Dec. 31, 2011 SVB Strategic Investors Fund, LP Fair value accounting Venture capital and private equity fund investments	Jun. 30, 2012 SVB Strategic Investors Fund II, LP Fair value accounting Venture capital and private equity fund investments	Dec. 31, 2011 SVB Strategic Investors Fund II, LP Fair value accounting Venture capital and private equity fund investments	Jun. 30, 2012 SVB Strategic Investors Fund III, LP Fair value accounting Venture capital and private equity fund investments	Dec. 31, 2011 SVB Strategic Investors Fund III, LP Fair value accounting Venture capital and private equity fund investments	Jun. 30, 2012 SVB Strategic Investors Fund IV, LP Fair value accounting Venture capital and private equity fund investments	Dec. 31, 2011 SVB Strategic Investors Fund IV, LP Fair value accounting Venture capital and private equity fund investments	Jun. 30, 2012 Strategic Investors Fund V, LP Fair value accounting Venture capital and private equity fund investments	Dec. 31, 2011 Strategic Investors Fund V, LP Fair value accounting Venture capital and private equity fund investments	Jun. 30, 2012 SVB Capital Preferred Return Fund, LP Fair value accounting Venture capital and private equity fund investments	Dec. 31, 2011 SVB Capital Preferred Return Fund, LP Fair value accounting Venture capital and private equity fund investments	Jun. 30, 2012 SVB Capital-NT Growth Partners, LP Fair value accounting Venture capital and private equity fund investments	Dec. 31, 2011 SVB Capital-NT Growth Partners, LP Fair value accounting Venture capital and private equity fund investments	Jun. 30, 2012 Silicon Valley BancVentures, LP Fair value accounting Other venture capital investments	Dec. 31, 2011 Silicon Valley BancVentures, LP Fair value accounting Other venture capital investments	Jun. 30, 2012 SVB India Capital Partners I, LP Fair value accounting Other venture capital investments	Dec. 31, 2011 SVB India Capital Partners I, LP Fair value accounting Other venture capital investments	Jun. 30, 2012 SVB Capital Shanghai Yangpu Venture Capital Fund Fair value accounting Other venture capital investments	Dec. 31, 2011 SVB Capital Shanghai Yangpu Venture Capital Fund Fair value accounting Other venture capital investments	Jun. 30, 2012 Partners for Growth II, LP Equity method accounting Other investments	Dec. 31, 2011 Partners for Growth II, LP Equity method accounting Other investments	May 03, 2012 China Joint Venture Investment Equity method accounting Other investments	Jun. 30, 2012 China Joint Venture Investment Equity method accounting Other investments		Jun. 30, 2012 Other investment Equity method accounting Other investments	Dec. 31, 2011 Other investment Equity method accounting Other investments	Jun. 30, 2012 Lower Limit Partners for Growth, LP Fair value accounting Other investments	Jun. 30, 2012 Upper Limit Cost method accounting Venture capital and private equity fund investments	Dec. 31, 2011 Upper Limit Cost method accounting Venture capital and private equity fund investments	Jun. 30, 2012 Other Than Temporarily Impaired Securities Cost method accounting Venture capital and private equity fund investments Investment	Jun. 30, 2012 Other Than Temporarily Impaired Securities Cost method accounting Venture capital and private equity fund investments Investment	Jun. 30, 2012 Securities Not Related to Other Than Temporary Impairments Cost method accounting Venture capital and private equity fund investments Investment	Jun. 30, 2012 Carrying Amount Cost method accounting Venture capital and private equity fund investments	Jun. 30, 2012 Estimated Fair Value Cost method accounting Venture capital and private equity fund investments	Jun. 30, 2012 SVB Capital-NT Growth Partners, LP Other private equity fund Fair value accounting Indirect ownership interest Venture capital and private equity fund investments	Jun. 30, 2012 SVB Capital Preferred Return Fund, LP Other private equity fund Fair value accounting Indirect ownership interest Venture capital and private equity fund investments
Investment Holdings [Line Items]
Non-marketable securities	$ 639,596,000	[1]	$ 611,824,000	[1]	$ 120,111,000	[2]	$ 124,121,000	[2]	$ 987,000	[3]											$ 863,000	[4]	$ 2,390,000	[4]	$ 59,256,000	[5]	$ 61,099,000	[5]			$ 6,519,000	[6]	$ 11,367,000	[6]														$ 36,694,000	$ 39,567,000	$ 109,343,000	$ 122,619,000	$ 213,405,000	$ 218,429,000	$ 146,477,000	$ 122,076,000	$ 18,134,000	$ 8,838,000	$ 50,573,000	$ 42,580,000	$ 57,588,000	$ 43,958,000	$ 16,739,000	$ 17,878,000	$ 40,668,000	$ 42,832,000	$ 3,448,000	$ 2,312,000
Percentage of ownership																					5.10%	[4]	5.10%	[4]	5.10%	[5]	5.10%	[5]	1.30%	3.80%	58.20%	[6]	58.20%	[6]	41.50%	9.30%	[7]	9.30%	[7]	4.80%	4.50%	15.50%	[8]	15.50%	[8]	11.50%	4.00%	12.60%	12.60%	8.60%	8.60%	5.90%	5.90%	5.00%	5.00%	0.20%	0.30%	20.00%	20.00%	33.00%	33.00%	10.70%	10.70%	14.40%	14.40%	6.80%	6.80%	24.20%	24.20%		50.00%	[9]			50.00%	5.00%	5.00%						12.60%	4.10%
Non-marketable securities											138,993,000	[10]	68,252,000	[10]																						6,238,000	[7]	16,072,000	[7]			19,553,000	[8]	19,328,000	[8]																							3,551,000	3,785,000		79,524,000	[9]	30,127,000	29,067,000
Contribution in joint venture																																																																						79,700,000
Number of investments															326		329
Recognized other-than-temporary impairment ("OTTI") losses																																																																														200,000	500,000
Number of impaired investments																																																																														12	30
Number of investments for which no OTTI was required																																																																																296
Non-marketable securities															$ 153,618,000	[11]	$ 145,007,000	[11]	$ 21,296,000	$ 19,355,000																																																													$ 153,600,000	$ 185,300,000

[1] The following table shows the amount of venture capital and private equity fund investments by the following consolidated funds and our ownership of each fund at June 30, 2012 and December 31, 2011: June 30, 2012 December 31, 2011 (Dollars in thousands) Amount Ownership % Amount Ownership % SVB Strategic Investors Fund, LP $ 36,694 12.6 % $ 39,567 12.6 % SVB Strategic Investors Fund II, LP 109,343 8.6 122,619 8.6 SVB Strategic Investors Fund III, LP 213,405 5.9 218,429 5.9 SVB Strategic Investors Fund IV, LP 146,477 5.0 122,076 5.0 Strategic Investors Fund V, LP 18,134 0.2 8,838 0.3 SVB Capital Preferred Return Fund, LP 50,573 20.0 42,580 20.0 SVB Capital-NT Growth Partners, LP 57,588 33.0 43,958 33.0 SVB Capital Partners II, LP (i) 863 5.1 2,390 5.1 Other private equity fund (ii) 6,519 58.2 11,367 58.2 Total venture capital and private equity fund investments $ 639,596 $ 611,824 (i) At June 30, 2012, we had a direct ownership interest of 1.3 percent and an indirect ownership interest of 3.8 percent in the fund through our ownership interest of SVB Strategic Investors Fund II, LP. (ii) At June 30, 2012, we had a direct ownership interest of 41.5 percent and indirect ownership interests of 12.6 percent and 4.1 percent in the fund through our ownership interest of SVB Capital-NT Growth Partners, LP and SVB Capital Preferred Return Fund, LP, respectively.

[2] The following table shows the amount of other venture capital investments by the following consolidated funds and our ownership of each fund at June 30, 2012 and December 31, 2011: June 30, 2012 December 31, 2011 (Dollars in thousands) Amount Ownership % Amount Ownership % Silicon Valley BancVentures, LP $ 16,739 10.7 % $ 17,878 10.7 % SVB Capital Partners II, LP (i) 59,256 5.1 61,099 5.1 SVB India Capital Partners I, LP 40,668 14.4 42,832 14.4 SVB Capital Shanghai Yangpu Venture Capital Fund 3,448 6.8 2,312 6.8 Total other venture capital investments $ 120,111 $ 124,121 (i) At June 30, 2012, we had a direct ownership interest of 1.3 percent and an indirect ownership interest of 3.8 percent in the fund through our ownership of SVB Strategic Investors Fund II, LP.

[3] Other investments within non-marketable securities (fair value accounting) include our ownership in Partners for Growth, LP, a consolidated debt fund. At June 30, 2012, we had a majority ownership interest of slightly more than 50.0 percent in the fund. Partners for Growth, LP is managed by a third party and we do not have an ownership interest in the general partner of this fund.

[4] At June 30, 2012, we had a direct ownership interest of 1.3 percent and an indirect ownership interest of 3.8 percent in the fund through our ownership interest of SVB Strategic Investors Fund II, LP.

[5] At June 30, 2012, we had a direct ownership interest of 1.3 percent and an indirect ownership interest of 3.8 percent in the fund through our ownership of SVB Strategic Investors Fund II, LP.

[6] At June 30, 2012, we had a direct ownership interest of 41.5 percent and indirect ownership interests of 12.6 percent and 4.1 percent in the fund through our ownership interest of SVB Capital-NT Growth Partners, LP and SVB Capital Preferred Return Fund, LP, respectively.

[7] At June 30, 2012, we had a direct ownership interest of 4.8 percent in the fund and an indirect interest in the fund through our investment in Gold Hill Venture Lending Partners 03, LLC ("GHLLC") of 4.5 percent. Our aggregate direct and indirect ownership in the fund is 9.3 percent.

[8] At June 30, 2012, we had a direct ownership interest of 11.5 percent in the fund and an indirect interest in the fund through our investment in Gold Hill Capital 2008, LLC of 4.0 percent. Our aggregate direct and indirect ownership in the fund is 15.5 percent.

[9] On May 3, 2012, we contributed $79.7 million to SPD Silicon Valley Bank Co., Ltd., our joint venture bank in China.

[10] The following table shows the carrying value and our ownership percentage of each investment at June 30, 2012 and December 31, 2011: June 30, 2012 December 31, 2011 (Dollars in thousands) Amount Ownership % Amount Ownership % Gold Hill Venture Lending 03, LP (i) $ 6,238 9.3 % $ 16,072 9.3 % Gold Hill Capital 2008, LP (ii) 19,553 15.5 19,328 15.5 Partners for Growth II, LP 3,551 24.2 3,785 24.2 China Joint Venture investment (iii) 79,524 50.0 - - Other investments 30,127 N/A 29,067 N/A Total other investments $ 138,993 $ 68,252 (i) At June 30, 2012, we had a direct ownership interest of 4.8 percent in the fund and an indirect interest in the fund through our investment in Gold Hill Venture Lending Partners 03, LLC ("GHLLC") of 4.5 percent. Our aggregate direct and indirect ownership in the fund is 9.3 percent. (ii) At June 30, 2012, we had a direct ownership interest of 11.5 percent in the fund and an indirect interest in the fund through our investment in Gold Hill Capital 2008, LLC of 4.0 percent. Our aggregate direct and indirect ownership in the fund is 15.5 percent. (iii) On May 3, 2012, we contributed $79.7 million to SPD Silicon Valley Bank Co., Ltd., our joint venture bank in China.

[11] Represents investments in 326 and 329 funds (primarily venture capital funds) at June 30, 2012 and December 31, 2011, respectively, where our ownership interest is less than 5% of the voting interests of each such fund and in which we do not have the ability to exercise significant influence over the partnerships operating and financial policies. For the three months ended June 30, 2012, we recognized OTTI losses of $0.2 million resulting from other-than-temporary declines in value for 12 of the 326 investments. For the six months ended June 30, 2012, we recognized OTTI losses of $0.5 million resulting from other-than-temporary declines in value for 30 of the 326 investments. The OTTI losses are included in net gains on investment securities, a component of noninterest income. We concluded that any declines in value for the remaining 296 investments were temporary and as such, no OTTI was required to be recognized. At June 30, 2012, the carrying value of these venture capital and private equity fund investments (cost method accounting) was $153.6 million, and the estimated fair value was $185.3 million.

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Off-Balance Sheet Arrangements, Guarantees and Other Commitments (Tables)

6 Months Ended

Jun. 30, 2012

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 June 30, 2012 and December 31, 2011:

(Dollars in thousands)	June 30, 2012		December 31, 2011
Loan commitments available for funding: (1)
Fixed interest rate commitments	$	834,431	$	658,377
Variable interest rate commitments		7,096,370		6,548,002
Total loan commitments available for funding		7,930,801		7,206,379
Commercial and standby letters of credit (2)		821,904		861,191
Total unfunded credit commitments	$	8,752,705	$	8,067,570
Commitments unavailable for funding (3)	$	882,458	$	841,439
Maximum lending limits for accounts receivable factoring arrangements (4)		847,757		747,392
Reserve for unfunded credit commitments (5)		23,476		21,811

(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) We extend credit under accounts receivable factoring arrangements when our clients’ sales invoices are deemed creditworthy under existing underwriting practices.

(5) Our reserve 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 June 30, 2012. 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	$	646,170	$	107,677	$	753,847	$	753,847
Performance standby letters of credit		52,523		11,903		64,426		64,426
Commercial letters of credit		3,631		-		3,631		3,631
Total	$	702,324	$	119,580	$	821,904	$	821,904

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 in each fund at June 30, 2012:

Our Ownership in Limited Partnership  (Dollars in thousands)	SVBFG Capital     Commitments		SVBFG Unfunded     Commitments		SVBFG Ownership   of each Fund
Silicon Valley BancVentures, LP	$	6,000	$	270		10.7	%
SVB Capital Partners II, LP (1)		1,200		162		5.1
SVB India Capital Partners I, LP		7,750		1,263		14.4
SVB Capital Shanghai Yangpu Venture Capital Fund		913		157		6.8
SVB Strategic Investors Fund, LP		15,300		688		12.6
SVB Strategic Investors Fund II, LP		15,000		1,200		8.6
SVB Strategic Investors Fund III, LP		15,000		2,700		5.9
SVB Strategic Investors Fund IV, LP		12,239		4,896		5.0
Strategic Investors Fund V Funds		1,000		933		Various
SVB Capital Preferred Return Fund, LP		12,687		-		20.0
SVB Capital—NT Growth Partners, LP		24,670		1,340		33.0
Other private equity fund (2)		9,338		-		58.2
Partners for Growth, LP		25,000		9,750		50.0
Partners for Growth II, LP		15,000		4,950		24.2
Gold Hill Venture Lending 03, LP (3)		20,000		-		9.3
Other fund investments (4)		331,772		73,268		Various
Total	$	512,869	$	101,577

(1) Our ownership includes 1.3 percent direct ownership through SVB Capital Partners II, LLC and SVB Financial, and 3.8 percent indirect ownership through our investment in SVB Strategic Investors Fund II, LP.

(2) Our ownership includes 41.5 percent direct ownership and indirect ownership interest of 12.6 percent and 4.1 percent in the fund through our ownership interest of SVB Capital - NT Growth Partners, LP and SVB Capital Preferred Return Fund, LP, respectively.

(3) Our ownership includes 4.8 percent direct ownership and 4.5 percent indirect ownership interest through GHLLC.

(4) Represents commitments to 332 funds (primarily venture capital funds) where our ownership interest is generally less than 5 percent of the voting interests of each such fund.

Remaining Unfunded Commitments to Venture Capital or Private Equity Funds by Consolidated Managed Funds

The following table details the total remaining unfunded commitments to the venture capital and private equity funds by our consolidated managed funds of funds (including our interest and the noncontrolling interests) at June 30, 2012:

Limited Partnership  (Dollars in thousands)	Unfunded     Commitments
SVB Strategic Investors Fund, LP	$	2,307
SVB Strategic Investors Fund II, LP		11,243
SVB Strategic Investors Fund III, LP		48,147
SVB Strategic Investors Fund IV, LP		114,552
Strategic Investors Fund V Funds		153,160
SVB Capital Preferred Return Fund, LP		20,299
SVB Capital—NT Growth Partners, LP		22,882
Other private equity fund		4,447
Total	$	377,037

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Summary of Commercial and Standby Letters of Credit (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012		Dec. 31, 2011
Guarantor Obligations [Line Items]
Expires In One Year or Less	$ 702,324
Expires After One Year	119,580
Total Amount Outstanding	821,904	[1]	861,191	[1]
Maximum Amount of Future Payments	821,904
Financial standby letters of credit
Guarantor Obligations [Line Items]
Expires In One Year or Less	646,170
Expires After One Year	107,677
Total Amount Outstanding	753,847
Maximum Amount of Future Payments	753,847
Performance standby letters of credit
Guarantor Obligations [Line Items]
Expires In One Year or Less	52,523
Expires After One Year	11,903
Total Amount Outstanding	64,426
Maximum Amount of Future Payments	64,426
Commercial letters of credit
Guarantor Obligations [Line Items]
Expires In One Year or Less	3,631
Total Amount Outstanding	3,631
Maximum Amount of Future Payments	$ 3,631

[1] See below for additional information on our commercial and standby letters of credit.

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Summary of Other Noninterest Income (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Other Noninterest Income [Line Items]
Unused commitment fees	$ 3,678	$ 1,808	$ 6,733	$ 3,294
Fund management fees	3,124	2,663	5,952	5,351
Service-based fee income	2,172	2,587	4,546	4,812
Net gains on the sale of certain assets related to our equity management services business	4,243		4,243
Loan syndication fees	1,375	870	1,500	870
Currency revaluation losses	(1,548)	(881)	(933)	(1,121)
(Losses) gains on revaluation of foreign currency loans, net	(3,125)	502	(1,466)	3,191
Other	2,745	2,463	5,167	3,879
Total other noninterest income	$ 12,664	$ 10,012	$ 25,742	$ 20,276

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Quantitative Information About Significant Unobservable Inputs (Detail) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2012		Mar. 31, 2012		Dec. 31, 2011		Jun. 30, 2011		Mar. 31, 2011		Dec. 31, 2010
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value	$ 828,326		$ 814,526		$ 799,962		$ 679,960		$ 620,157		$ 547,608
Other venture capital investments | Fair value accounting
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value	120,111	[1]
Valuation Technique	Private company equity pricing	[1]
Equity Warrant Asset | Other assets
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value	$ 68,619	[2]	$ 65,217	[2]	$ 63,030	[2]	$ 49,777	[2]	$ 46,260	[2]	$ 43,537	[2]
Valuation Technique	Modifed Black-Scholes option pricing model
Volatility	51.20%	[1]
Risk-Free interest rate	0.40%	[1]
Marketability discount	15.00%	[1],[3]
Remaining life assumption	40.00%	[1],[4]

[1] In determining the fair value of our other venture capital investment portfolio, we evaluate a variety of factors related to each underlying private portfolio company including, but not limited to, actual and forecasted results, cash position, recent or planned transactions and market comparable companies. Additionally, we have ongoing communication with the portfolio companies and venture capital fund managers, to determine whether there is a material change in fair value. These factors are specific to each portfolio company and a weighted average or range of values of the unobservable inputs is not meaningful.

[2] Realized and unrealized gains (losses) are recorded on the line item "gains on derivative instruments, net", a component of noninterest income.

[3] Our marketability discount is applied to all private company warrants to account for a general lack of liquidity due to the private nature of the associated underlying company. The quantitative measure used is based on long-run averages and is influenced over time by various factors, such as market conditions. On a quarterly basis, a sensitivity analysis is performed on our marketability discount.

[4] We adjust the contractual remaining term of private company warrants based on our best estimate of the actual remaining life, which we determine by utilizing historical data on cancellations and exercises. At June 30, 2012, the weighted average contractual remaining term was 6.5 years, compared to our estimated remaining life of 2.6 years. On a quarterly basis, a sensitivity analysis is performed on our remaining life assumption.

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Impaired Loans and Allowance for Loan Losses, Broken out by Portfolio Segment and Class of Financing Receivable (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Financing Receivable, Impaired [Line Items]
Carrying value of impaired loans	$ 27,071	$ 36,617
Total unpaid principal of impaired loans	41,380	48,958
Commercial loans
Financing Receivable, Impaired [Line Items]
Carrying value of impaired loans	23,228	15,201
Total unpaid principal of impaired loans	32,514	23,351
Commercial loans | Software
Financing Receivable, Impaired [Line Items]
Carrying value of impaired loans	2,976	1,142
Total unpaid principal of impaired loans	4,749	1,540
Commercial loans | Hardware
Financing Receivable, Impaired [Line Items]
Carrying value of impaired loans	14,173	5,183
Total unpaid principal of impaired loans	17,616	8,843
Commercial loans | Life science
Financing Receivable, Impaired [Line Items]
Carrying value of impaired loans		311
Total unpaid principal of impaired loans		523
Commercial loans | Premium wine
Financing Receivable, Impaired [Line Items]
Carrying value of impaired loans	3,123	3,212
Total unpaid principal of impaired loans	3,325	3,341
Commercial loans | Commercial Other Financing Receivable
Financing Receivable, Impaired [Line Items]
Carrying value of impaired loans	2,956	5,353
Total unpaid principal of impaired loans	6,824	9,104
Consumer loans
Financing Receivable, Impaired [Line Items]
Carrying value of impaired loans	3,843	21,416
Total unpaid principal of impaired loans	8,866	25,607
Consumer loans | Real estate secured loans
Financing Receivable, Impaired [Line Items]
Carrying value of impaired loans	2,554	18,283
Total unpaid principal of impaired loans	7,460	22,410
Consumer loans | Consumer Other Financing Receivable
Financing Receivable, Impaired [Line Items]
Carrying value of impaired loans	1,289	3,133
Total unpaid principal of impaired loans	1,406	3,197
Impaired loans for which there is no related allowance for loan losses
Financing Receivable, Impaired [Line Items]
Carrying value of impaired loans	8,123	23,285
Impaired loans for which there is no related allowance for loan losses | Commercial loans
Financing Receivable, Impaired [Line Items]
Carrying value of impaired loans	5,691	5,002
Impaired loans for which there is no related allowance for loan losses | Commercial loans | Software
Financing Receivable, Impaired [Line Items]
Carrying value of impaired loans	418
Impaired loans for which there is no related allowance for loan losses | Commercial loans | Hardware
Financing Receivable, Impaired [Line Items]
Carrying value of impaired loans	1,099	429
Impaired loans for which there is no related allowance for loan losses | Commercial loans | Life science
Financing Receivable, Impaired [Line Items]
Carrying value of impaired loans		311
Impaired loans for which there is no related allowance for loan losses | Commercial loans | Premium wine
Financing Receivable, Impaired [Line Items]
Carrying value of impaired loans	3,123	3,212
Impaired loans for which there is no related allowance for loan losses | Commercial loans | Commercial Other Financing Receivable
Financing Receivable, Impaired [Line Items]
Carrying value of impaired loans	1,051	1,050
Impaired loans for which there is no related allowance for loan losses | Consumer loans
Financing Receivable, Impaired [Line Items]
Carrying value of impaired loans	2,432	18,283
Impaired loans for which there is no related allowance for loan losses | Consumer loans | Real estate secured loans
Financing Receivable, Impaired [Line Items]
Carrying value of impaired loans	2,432	18,283
Impaired loans for which there is a related allowance for loan losses
Financing Receivable, Impaired [Line Items]
Carrying value of impaired loans	18,948	13,332
Impaired loans for which there is a related allowance for loan losses | Commercial loans
Financing Receivable, Impaired [Line Items]
Carrying value of impaired loans	17,537	10,199
Impaired loans for which there is a related allowance for loan losses | Commercial loans | Software
Financing Receivable, Impaired [Line Items]
Carrying value of impaired loans	2,558	1,142
Impaired loans for which there is a related allowance for loan losses | Commercial loans | Hardware
Financing Receivable, Impaired [Line Items]
Carrying value of impaired loans	13,074	4,754
Impaired loans for which there is a related allowance for loan losses | Commercial loans | Commercial Other Financing Receivable
Financing Receivable, Impaired [Line Items]
Carrying value of impaired loans	1,905	4,303
Impaired loans for which there is a related allowance for loan losses | Consumer loans
Financing Receivable, Impaired [Line Items]
Carrying value of impaired loans	1,411	3,133
Impaired loans for which there is a related allowance for loan losses | Consumer loans | Real estate secured loans
Financing Receivable, Impaired [Line Items]
Carrying value of impaired loans	122
Impaired loans for which there is a related allowance for loan losses | Consumer loans | Consumer Other Financing Receivable
Financing Receivable, Impaired [Line Items]
Carrying value of impaired loans	$ 1,289	$ 3,133

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Segment Information (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended				6 Months Ended
	Jun. 30, 2012		Jun. 30, 2011		Jun. 30, 2012		Jun. 30, 2011
Segment Reporting Information [Line Items]
Net interest income (loss)	$ 151,934		$ 130,453		$ 302,871		$ 250,752
(Provision for) reduction of loan losses	(7,999)		(134)		(22,528)		2,913
Noninterest income	80,426		123,708		139,719		213,662
Noninterest expense	(135,766)	[1]	(121,032)	[1]	(267,778)	[1]	(238,467)	[1]
Income (loss) before income tax expense	88,595	[2]	132,995	[2]	152,284	[2]	228,860	[2]
Total average loans, net of unearned income	7,237,182		5,532,831		7,020,765		5,423,051
Total average assets	20,890,876	[3]	18,254,531	[3]	20,561,709	[3]	18,103,208	[3]
Total average deposits	17,407,636		15,269,739		17,186,700		14,969,806
Global Commercial Bank
Segment Reporting Information [Line Items]
Net interest income (loss)	146,420	[4]	125,695	[4]	289,684	[4]	246,515	[4]
(Provision for) reduction of loan losses	(8,923)	[4]	(730)	[4]	(22,159)	[4]	661	[4]
Noninterest income	52,494	[4]	36,551	[4]	92,422	[4]	71,415	[4]
Noninterest expense	(98,478)	[1],[4]	(84,702)	[1],[4]	(194,734)	[1],[4]	(170,582)	[1],[4]
Income (loss) before income tax expense	91,513	[2],[4]	76,814	[2],[4]	165,213	[2],[4]	148,009	[2],[4]
Total average loans, net of unearned income	6,479,544	[4]	4,822,497	[4]	6,255,450	[4]	4,766,104	[4]
Total average assets	19,023,230	[3],[4]	16,805,670	[3],[4]	18,790,252	[3],[4]	16,502,986	[3],[4]
Total average deposits	17,131,816	[4]	15,099,789	[4]	16,916,965	[4]	14,803,648	[4]
SVB Private Bank
Segment Reporting Information [Line Items]
Net interest income (loss)	5,516		4,653		10,481		9,054
(Provision for) reduction of loan losses	924		596		(369)		2,252
Noninterest income	151		136		308		223
Noninterest expense	(3,356)	[1]	(2,477)	[1]	(6,589)	[1]	(4,480)	[1]
Income (loss) before income tax expense	3,235	[2]	2,908	[2]	3,831	[2]	7,049	[2]
Total average loans, net of unearned income	742,130		642,287		740,049		613,467
Total average assets	747,445	[3]	642,744	[3]	744,703	[3]	613,734	[3]
Total average deposits	253,482		156,765		246,991		153,520
SVB Capital
Segment Reporting Information [Line Items]
Net interest income (loss)	9	[4]	3	[4]	16	[4]	4	[4]
Noninterest income	4,557	[4]	6,716	[4]	8,144	[4]	14,006	[4]
Noninterest expense	(2,872)	[1],[4]	(3,111)	[1],[4]	(5,408)	[1],[4]	(6,253)	[1],[4]
Income (loss) before income tax expense	1,694	[2],[4]	3,608	[2],[4]	2,752	[2],[4]	7,757	[2],[4]
Total average assets	251,295	[3],[4]	232,381	[3],[4]	254,835	[3],[4]	222,570	[3],[4]
Other Items
Segment Reporting Information [Line Items]
Net interest income (loss)	(11)		102		2,690		(4,821)
Noninterest income	23,224		80,305		38,845		128,018
Noninterest expense	(31,060)	[1]	(30,742)	[1]	(61,047)	[1]	(57,152)	[1]
Income (loss) before income tax expense	(7,847)	[2]	49,665	[2]	(19,512)	[2]	66,045	[2]
Total average loans, net of unearned income	15,508		68,047		25,266		43,480
Total average assets	868,906	[3]	573,736	[3]	771,919	[3]	763,918	[3]
Total average deposits	$ 22,338		$ 13,185		$ 22,744		$ 12,638

[1] The Global Commercial Bank segment includes direct depreciation and amortization of $3.6 million and $2.7 million for the three months ended June 30, 2012 and 2011, respectively, and $7.0 million and $5.6 million for the six months ended June 30, 2012 and 2011, respectively.

[2] 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.

[3] Total average assets equals the greater of total average assets or the sum of total liabilities and total stockholders' equity for each segment.

[4] Global Commercial Bank's and SVB Capital's components of net interest income (loss), noninterest income, noninterest expense and total average assets are shown net of noncontrolling interests for all periods presented.

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Assets and Liabilities Measured at Fair Value on a Recurring Basis (Parenthetical) (Detail) (Fair Value, Measurements, Recurring, USD $) In Thousands, unless otherwise specified	Jun. 30, 2012		Dec. 31, 2011
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	$ 11,491,338	[1]	$ 11,372,081	[2]
Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	2,037	[1]	5,945	[2]
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	828,326	[1]	799,962	[2]
Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	10,660,975	[1]	10,566,174	[2]
Noncontrolling Interest | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	900		1,200
Noncontrolling Interest | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	671,900		647,500
Noncontrolling Interest | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	$ 3,500

[1] Included in Level 1, Level 2, and Level 3 assets are $0.9 million, $3.5 million, and $671.9 million, respectively, attributable to noncontrolling interests calculated based on the ownership percentages of the noncontrolling interests.

[2] Included in Level 1 and Level 3 assets are $1.2 million and $647.5 million, respectively, attributable to noncontrolling interests calculated based on the ownership percentages of the noncontrolling interests.

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Total Capital Commitments, Unfunded Capital Commitments, and Our Ownership in Each Fund (Detail) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2012
Venture Capital and Private Equity Fund Investments [Line Items]
Unfunded Commitments	$ 377,037
SVB Strategic Investors Fund, LP
Venture Capital and Private Equity Fund Investments [Line Items]
Unfunded Commitments	2,307
SVB Strategic Investors Fund II, LP
Venture Capital and Private Equity Fund Investments [Line Items]
Unfunded Commitments	11,243
SVB Strategic Investors Fund III, LP
Venture Capital and Private Equity Fund Investments [Line Items]
Unfunded Commitments	48,147
SVB Strategic Investors Fund IV, LP
Venture Capital and Private Equity Fund Investments [Line Items]
Unfunded Commitments	114,552
Strategic Investors Fund V Funds
Venture Capital and Private Equity Fund Investments [Line Items]
Unfunded Commitments	153,160
SVB Capital Preferred Return Fund, LP
Venture Capital and Private Equity Fund Investments [Line Items]
Unfunded Commitments	20,299
SVB Capital-NT Growth Partners, LP
Venture Capital and Private Equity Fund Investments [Line Items]
Unfunded Commitments	22,882
Other private equity fund
Venture Capital and Private Equity Fund Investments [Line Items]
Unfunded Commitments	4,447
Parent Company
Venture Capital and Private Equity Fund Investments [Line Items]
Capital Commitments	512,869
Unfunded Commitments	101,577
Parent Company | Silicon Valley BancVentures, LP
Venture Capital and Private Equity Fund Investments [Line Items]
Capital Commitments	6,000
Unfunded Commitments	270
Ownership of each Fund	10.70%
Parent Company | SVB Capital Partners II, LP
Venture Capital and Private Equity Fund Investments [Line Items]
Capital Commitments	1,200	[1]
Unfunded Commitments	162	[1]
Ownership of each Fund	5.10%	[1]
Parent Company | SVB India Capital Partners I, LP
Venture Capital and Private Equity Fund Investments [Line Items]
Capital Commitments	7,750
Unfunded Commitments	1,263
Ownership of each Fund	14.40%
Parent Company | SVB Capital Shanghai Yangpu Venture Capital Fund
Venture Capital and Private Equity Fund Investments [Line Items]
Capital Commitments	913
Unfunded Commitments	157
Ownership of each Fund	6.80%
Parent Company | SVB Strategic Investors Fund, LP
Venture Capital and Private Equity Fund Investments [Line Items]
Capital Commitments	15,300
Unfunded Commitments	688
Ownership of each Fund	12.60%
Parent Company | SVB Strategic Investors Fund II, LP
Venture Capital and Private Equity Fund Investments [Line Items]
Capital Commitments	15,000
Unfunded Commitments	1,200
Ownership of each Fund	8.60%
Parent Company | SVB Strategic Investors Fund III, LP
Venture Capital and Private Equity Fund Investments [Line Items]
Capital Commitments	15,000
Unfunded Commitments	2,700
Ownership of each Fund	5.90%
Parent Company | SVB Strategic Investors Fund IV, LP
Venture Capital and Private Equity Fund Investments [Line Items]
Capital Commitments	12,239
Unfunded Commitments	4,896
Ownership of each Fund	5.00%
Parent Company | Strategic Investors Fund V Funds
Venture Capital and Private Equity Fund Investments [Line Items]
Capital Commitments	1,000
Unfunded Commitments	933
Parent Company | SVB Capital Preferred Return Fund, LP
Venture Capital and Private Equity Fund Investments [Line Items]
Capital Commitments	12,687
Ownership of each Fund	20.00%
Parent Company | SVB Capital-NT Growth Partners, LP
Venture Capital and Private Equity Fund Investments [Line Items]
Capital Commitments	24,670
Unfunded Commitments	1,340
Ownership of each Fund	33.00%
Parent Company | Other private equity fund
Venture Capital and Private Equity Fund Investments [Line Items]
Capital Commitments	9,338	[2]
Ownership of each Fund	58.20%	[2]
Parent Company | Partners for Growth, LP
Venture Capital and Private Equity Fund Investments [Line Items]
Capital Commitments	25,000
Unfunded Commitments	9,750
Ownership of each Fund	50.00%
Parent Company | Partners for Growth II, LP
Venture Capital and Private Equity Fund Investments [Line Items]
Capital Commitments	15,000
Unfunded Commitments	4,950
Ownership of each Fund	24.20%
Parent Company | Gold Hill Venture Lending 03, LP
Venture Capital and Private Equity Fund Investments [Line Items]
Capital Commitments	20,000	[3]
Ownership of each Fund	9.30%	[3]
Parent Company | Other Fund Investments
Venture Capital and Private Equity Fund Investments [Line Items]
Capital Commitments	331,772	[4]
Unfunded Commitments	$ 73,268	[4]

[1] Our ownership includes 1.3 percent direct ownership through SVB Capital Partners II, LLC and SVB Financial, and 3.8 percent indirect ownership through our investment in SVB Strategic Investors Fund II, LP.

[2] Our ownership includes 41.5 percent direct ownership and indirect ownership interest of 12.6 percent and 4.1 percent in the fund through our ownership interest of SVB Capital - NT Growth Partners, LP and SVB Capital Preferred Return Fund, LP, respectively.

[3] Our ownership includes 4.8 percent direct ownership and 4.5 percent indirect ownership interest through GHLLC.

[4] Represents commitments to 332 funds (primarily venture capital funds) where our ownership interest is generally less than 5 percent of the voting interests of each such fund.

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Additional Information about Level 3 Assets Measured at Fair Value on a Recurring Basis (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended				6 Months Ended
	Jun. 30, 2012		Jun. 30, 2011		Jun. 30, 2012		Jun. 30, 2011
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance	$ 814,526		$ 620,157		$ 799,962		$ 547,608
Total Realized and Unrealized Gains (Losses) Included in Income	16,870		43,329		29,203		94,593
Purchases	33,576		41,974		63,016		88,146
Sales	(10,007)		(13,966)		(13,957)		(31,640)
Issuances	3,873		3,558		6,173		7,182
Distributions and Other Settlements	(29,668)		(14,730)		(54,961)		(25,301)
Transfers Into Level 3
Transfers Out of Level 3	(844)		(362)		(1,110)		(628)
Ending Balance	828,326		679,960		828,326		679,960
Equity Warrant Asset | Other assets
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance	65,217	[1]	46,260	[1]	63,030	[1]	43,537	[1]
Total Realized and Unrealized Gains (Losses) Included in Income	5,853	[1]	10,246	[1]	9,648	[1]	13,211	[1]
Sales	(6,075)	[1]	(9,924)	[1]	(9,718)	[1]	(13,462)	[1]
Issuances	3,873	[1]	3,558	[1]	6,173	[1]	7,182	[1]
Distributions and Other Settlements			(1)	[1]	1	[1]	(63)	[1]
Transfers Into Level 3		[1]		[1]		[1]		[1]
Transfers Out of Level 3	(249)	[1]	(362)	[1]	(515)	[1]	(628)	[1]
Ending Balance	68,619	[1]	49,777	[1]	68,619	[1]	49,777	[1]
Fair value accounting | Other venture capital investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Ending Balance	120,111	[2]			120,111	[2]
Non-marketable securities | Fair value accounting
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance	749,309	[3]	573,897	[3]	736,932	[3]	504,071	[3]
Total Realized and Unrealized Gains (Losses) Included in Income	11,017	[3]	33,083	[3]	19,555	[3]	81,382	[3]
Purchases	33,576	[3]	41,974	[3]	63,016	[3]	88,146	[3]
Sales	(3,932)	[3]	(4,042)	[3]	(4,239)	[3]	(18,178)	[3]
Distributions and Other Settlements	(29,668)	[3]	(14,729)	[3]	(54,962)	[3]	(25,238)	[3]
Transfers Into Level 3		[3]		[3]		[3]		[3]
Transfers Out of Level 3	(595)	[3]			(595)	[3]
Ending Balance	759,707	[3]	630,183	[3]	759,707	[3]	630,183	[3]
Non-marketable securities | Fair value accounting | Venture capital and private equity fund investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance	620,356		464,377		611,824		391,247
Total Realized and Unrealized Gains (Losses) Included in Income	14,557		32,423		26,661		75,991
Purchases	33,365		37,335		55,081		77,400
Distributions and Other Settlements	(28,682)		(19,017)		(53,970)		(29,520)
Transfers Into Level 3
Ending Balance	639,596		515,118		639,596		515,118
Non-marketable securities | Fair value accounting | Other venture capital investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance	127,951		108,525		124,121		111,843
Total Realized and Unrealized Gains (Losses) Included in Income	(3,540)		660		(7,127)		5,371
Purchases	211		4,639		7,935		10,746
Sales	(3,932)		(4,042)		(4,239)		(18,178)
Distributions and Other Settlements	16		4,288		16		4,288
Transfers Into Level 3
Transfers Out of Level 3	(595)				(595)
Ending Balance	120,111		114,070		120,111		114,070
Non-marketable securities | Fair value accounting | Other investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance	1,002		995		987		981
Total Realized and Unrealized Gains (Losses) Included in Income					21		20
Distributions and Other Settlements	(1,002)				(1,008)		(6)
Transfers Into Level 3
Ending Balance			$ 995				$ 995

[1] Realized and unrealized gains (losses) are recorded on the line item "gains on derivative instruments, net", a component of noninterest income.

[2] In determining the fair value of our other venture capital investment portfolio, we evaluate a variety of factors related to each underlying private portfolio company including, but not limited to, actual and forecasted results, cash position, recent or planned transactions and market comparable companies. Additionally, we have ongoing communication with the portfolio companies and venture capital fund managers, to determine whether there is a material change in fair value. These factors are specific to each portfolio company and a weighted average or range of values of the unobservable inputs is not meaningful.

[3] Realized and unrealized gains (losses) are recorded on the line items "gains on investment securities, net", and "other noninterest income", components of noninterest income.

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Segment Information (Parenthetical) (Detail) (Global Commercial Bank, USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Global Commercial Bank
Segment Reporting Information [Line Items]
Depreciation and amortization	$ 3.6	$ 2.7	$ 7.0	$ 5.6

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Total Notional or Contractual Amounts, Fair Value, Collateral and Net Exposure of Derivative Financial Instruments (Parenthetical) (Detail)	6 Months Ended
	Jun. 30, 2012
Derivative [Line Items]
Credit rating of institutional counterparties	The credit ratings of our institutional counterparties as of June 30, 2012 remain at investment grade or higher and there were no material changes in their credit ratings for the three and six months ended June 30, 2012.

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Share-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2012

Share Based Compensation and Related Benefits

For the three and six months ended June 30, 2012 and 2011, we recorded share-based compensation and related tax benefits as follows:

	Three months ended June 30,				Six months ended June 30,
(Dollars in thousands)	2012		2011		2012		2011
Share-based compensation expense	$	5,828	$	4,706	$	10,977	$	8,949
Income tax benefit related to share-based compensation expense		(1,489)		(1,243)		(2,688)		(2,276)

Unrecognized Share Based Compensation Expense

As of June 30, 2012, unrecognized share-based compensation expense was as follows:

(Dollars in thousands)	Unrecognized   Expense		Average Expected Recognition   Period - in Years
Stock options	$	19,129		3.00
Restricted stock units		29,706		2.99
Total unrecognized share-based compensation expense	$	48,835

Stock Option Information Related to Equity Incentive Plan

The table below provides stock option information related to the 1997 Equity Incentive Plan and the 2006 Equity Incentive Plan for the six months ended June 30, 2012:

	Options		Weighted Average  Exercise Price		Weighted Average Remaining Contractual   Life in Years		Aggregate   Intrinsic Value   of In-The- Money Options
Outstanding at December 31, 2011		2,439,360	$	42.64
Granted		387,793		64.02
Exercised		(576,461)		36.26
Forfeited		(36,629)		45.86
Expired		(4,568)		42.50
Outstanding at June 30, 2012		2,209,495		48.00		4.26		$ 26,284,468
Vested and expected to vest at June 30, 2012		2,106,562		47.53		4.17		25,861,593
Exercisable at June 30, 2012		1,159,056		43.06		2.93		18,281,444

Information for Restricted Stock Units under Equity Incentive Plan

The table below provides information for restricted stock units under the 2006 Equity Incentive Plan for the six months ended June 30, 2012:

	Shares		Weighted Average     Grant Date Fair     Value
Nonvested at December 31, 2011		499,119	$	52.72
Granted		309,840		63.89
Vested		(140,550)		51.46
Forfeited		(18,574)		54.73
Nonvested at June 30, 2012		649,835		58.27

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Summary of Remaining Contractual Principal Maturities and Fully Taxable Equivalent Yields on Debt Securities Classified as Available for Sale (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012
Investments Classified by Contractual Maturity Date [Line Items]
Carrying Value	$ 10,619,956
Weighted- Average Yield	1.82%
One Year or Less - Carrying Value	61,637
One Year or Less - Weighted- Average Yield	2.28%
After One Year to Five Years - Carrying Value	2,489,604
After One Year to Five Years - Weighted- Average Yield	1.55%
After Five Years to Ten Years - Carrying Value	1,763,820
After Five Years to Ten Years - Weighted- Average Yield	2.44%
After Ten Years - Carrying Value	6,304,895
After Ten Years - Weighted- Average Yield	1.74%
U.S. treasury securities
Investments Classified by Contractual Maturity Date [Line Items]
Carrying Value	25,599
Weighted- Average Yield	2.39%
One Year or Less - Carrying Value	25,599
One Year or Less - Weighted- Average Yield	2.39%
U.S. agency debentures
Investments Classified by Contractual Maturity Date [Line Items]
Carrying Value	2,640,124
Weighted- Average Yield	1.61%
One Year or Less - Carrying Value	35,097
One Year or Less - Weighted- Average Yield	2.13%
After One Year to Five Years - Carrying Value	2,474,409
After One Year to Five Years - Weighted- Average Yield	1.53%
After Five Years to Ten Years - Carrying Value	130,618
After Five Years to Ten Years - Weighted- Average Yield	3.07%
Residential mortgage-backed securities | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises
Investments Classified by Contractual Maturity Date [Line Items]
Carrying Value	1,713,799
Weighted- Average Yield	2.35%
After Five Years to Ten Years - Carrying Value	1,583,036
After Five Years to Ten Years - Weighted- Average Yield	2.27%
After Ten Years - Carrying Value	130,763
After Ten Years - Weighted- Average Yield	3.28%
Residential mortgage-backed securities | Agency-issued collateralized mortgage obligations | Fixed rate
Investments Classified by Contractual Maturity Date [Line Items]
Carrying Value	3,804,211
Weighted- Average Yield	2.21%
After Ten Years - Carrying Value	3,804,211
After Ten Years - Weighted- Average Yield	2.21%
Residential mortgage-backed securities | Agency-issued collateralized mortgage obligations | Variable rate
Investments Classified by Contractual Maturity Date [Line Items]
Carrying Value	2,108,449
Weighted- Average Yield	0.70%
After Ten Years - Carrying Value	2,108,449
After Ten Years - Weighted- Average Yield	0.70%
Agency-issued commercial mortgage-backed securities
Investments Classified by Contractual Maturity Date [Line Items]
Carrying Value	228,080
Weighted- Average Yield	2.09%
After Ten Years - Carrying Value	228,080
After Ten Years - Weighted- Average Yield	2.09%
Municipal bonds and notes
Investments Classified by Contractual Maturity Date [Line Items]
Carrying Value	99,694
Weighted- Average Yield	6.00%
One Year or Less - Carrying Value	941
One Year or Less - Weighted- Average Yield	5.20%
After One Year to Five Years - Carrying Value	15,195
After One Year to Five Years - Weighted- Average Yield	5.55%
After Five Years to Ten Years - Carrying Value	50,166
After Five Years to Ten Years - Weighted- Average Yield	6.00%
After Ten Years - Carrying Value	$ 33,392
After Ten Years - Weighted- Average Yield	6.24%

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Information for Restricted Stock Units under Equity Incentive Plan (Detail) (USD $)	6 Months Ended
	Jun. 30, 2012
Weighted Average Grant Date Fair Value
Nonvested, beginning of period	$ 52.72
Granted	$ 63.89
Vested	$ 51.46
Forfeited	$ 54.73
Nonvested, end of period	$ 58.27
Restricted stock units
Shares
Nonvested, beginning of period	499,119
Granted	309,840
Vested	(140,550)
Forfeited	(18,574)
Nonvested, end of period	649,835

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Segment Reporting - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	6 Months Ended	3 Months Ended	6 Months Ended
	Jun. 30, 2012 Segment	Jun. 30, 2011 Global Commercial Bank	Jun. 30, 2011 Global Commercial Bank
Segment Reporting Information [Line Items]
Number of reportable segments	3
Certain changes to the items reported, effect on total net interest income		$ 17.2	$ 34.3

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Common Shares Excluded from Diluted EPS Calculation as They Were Deemed to be Anti-Dilutive (Detail) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from diluted earnings per share calculation	872	740	668	673
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from diluted earnings per share calculation	683	582	574	574
Restricted stock unit
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from diluted earnings per share calculation	189	158	94	99

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Loans and Allowance for Loan Losses - Additional Information (Detail) (USD $)	3 Months Ended				6 Months Ended
	Jun. 30, 2012		Jun. 30, 2011		Jun. 30, 2012		Jun. 30, 2011		Dec. 31, 2011
Accounts, Notes, Loans and Financing Receivable [Line Items]
Deferred loan fee income	$ 67,700,000				$ 67,700,000				$ 60,200,000
Loans modified in TDRs	25,478,000				25,478,000				34,275,000
Unfunded commitments available for funding	1,100,000				1,100,000
Loans modified in TDRs during the period	13,571,000	[1]	3,926,000	[1]	16,424,000	[1]	3,926,000	[1]
Forgiveness Of Principal
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans modified in TDRs during the period	10,000,000		0		10,100,000		0
Payment Deferrals Granted
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans modified in TDRs during the period	$ 3,600,000				$ 6,300,000

[1] During the three and six months ended June 30, 2012, we had partial charge-offs of $10.0 million and $10.9 million, respectively, on loans classified as TDRs. There were no partial charge-offs on loans classified as TDRs during the three and six months ended June 30, 2011.

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Outstanding Short Term Borrowings and Long Term Debt (Parenthetical) (Detail) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2012		Dec. 31, 2011
5.375% Senior Notes
Debt Outstanding [Line Items]
Stated interest rate	5.375%		5.375%
Maturity	Sep. 15, 2020
5.70% Senior Notes
Debt Outstanding [Line Items]
Stated interest rate	5.70%		5.70%
Maturity	Jun. 01, 2012	[1]
5.70% Senior Notes | Interest rate swaps
Debt Outstanding [Line Items]
Fair value of the interest rate swap associated with the notes			2,600
6.05% Subordinated Notes
Debt Outstanding [Line Items]
Stated interest rate	6.05%		6.05%
Maturity	Jun. 01, 2017	[2]
6.05% Subordinated Notes | Interest rate swaps
Debt Outstanding [Line Items]
Fair value of the interest rate swap associated with the notes	9,300		8,800
7.0% Junior Subordinated Debentures
Debt Outstanding [Line Items]
Stated interest rate	7.00%		7.00%
Maturity	Oct. 15, 2033
Other long-term debt
Debt Outstanding [Line Items]
Maturity	Apr. 01, 2012

[1] At December 31, 2011, included in the carrying value of our 5.70% Senior Notes was $2.6 million related to the fair value of the interest rate swap associated with the notes.

[2] At June 30, 2012 and December 31, 2011, included in the carrying value of our 6.05% Subordinated Notes were $9.3 million and $8.8 million, respectively, related to the fair value of the interest rate swap associated with the notes.

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Credit Quality Indicators, Broken out by Portfolio Segment and Class of Financing Receivables (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Financing Receivable, Recorded Investment [Line Items]
Financing receivable	$ 7,857,468	$ 7,030,321
Commercial loans
Financing Receivable, Recorded Investment [Line Items]
Financing receivable	7,126,746	6,335,392
Commercial loans | Software
Financing Receivable, Recorded Investment [Line Items]
Financing receivable	2,780,006	2,517,890
Commercial loans | Hardware
Financing Receivable, Recorded Investment [Line Items]
Financing receivable	1,097,835	961,869
Commercial loans | Venture capital/private equity
Financing Receivable, Recorded Investment [Line Items]
Financing receivable	1,417,715	1,128,520
Commercial loans | Life science
Financing Receivable, Recorded Investment [Line Items]
Financing receivable	926,894	872,413
Commercial loans | Premium wine
Financing Receivable, Recorded Investment [Line Items]
Financing receivable	496,230	478,793
Commercial loans | Commercial Other Financing Receivable
Financing Receivable, Recorded Investment [Line Items]
Financing receivable	408,066	375,907
Consumer loans
Financing Receivable, Recorded Investment [Line Items]
Financing receivable	730,722	694,929
Consumer loans | Real estate secured loans
Financing Receivable, Recorded Investment [Line Items]
Financing receivable	554,093	533,817
Consumer loans | Consumer Other Financing Receivable
Financing Receivable, Recorded Investment [Line Items]
Financing receivable	176,629	161,112
Pass
Financing Receivable, Recorded Investment [Line Items]
Financing receivable	7,313,297	6,434,133
Pass | Commercial loans
Financing Receivable, Recorded Investment [Line Items]
Financing receivable	6,619,890	5,785,972
Pass | Commercial loans | Software
Financing Receivable, Recorded Investment [Line Items]
Financing receivable	2,573,437	2,290,497
Pass | Commercial loans | Hardware
Financing Receivable, Recorded Investment [Line Items]
Financing receivable	951,026	839,230
Pass | Commercial loans | Venture capital/private equity
Financing Receivable, Recorded Investment [Line Items]
Financing receivable	1,417,715	1,120,373
Pass | Commercial loans | Life science
Financing Receivable, Recorded Investment [Line Items]
Financing receivable	820,392	748,129
Pass | Commercial loans | Premium wine
Financing Receivable, Recorded Investment [Line Items]
Financing receivable	481,162	434,309
Pass | Commercial loans | Commercial Other Financing Receivable
Financing Receivable, Recorded Investment [Line Items]
Financing receivable	376,158	353,434
Pass | Consumer loans
Financing Receivable, Recorded Investment [Line Items]
Financing receivable	693,407	648,161
Pass | Consumer loans | Real estate secured loans
Financing Receivable, Recorded Investment [Line Items]
Financing receivable	530,017	497,060
Pass | Consumer loans | Consumer Other Financing Receivable
Financing Receivable, Recorded Investment [Line Items]
Financing receivable	163,390	151,101
Performing (Criticized)
Financing Receivable, Recorded Investment [Line Items]
Financing receivable	517,100	559,571
Performing (Criticized) | Commercial loans
Financing Receivable, Recorded Investment [Line Items]
Financing receivable	483,628	534,219
Performing (Criticized) | Commercial loans | Software
Financing Receivable, Recorded Investment [Line Items]
Financing receivable	203,593	226,251
Performing (Criticized) | Commercial loans | Hardware
Financing Receivable, Recorded Investment [Line Items]
Financing receivable	132,636	117,456
Performing (Criticized) | Commercial loans | Venture capital/private equity
Financing Receivable, Recorded Investment [Line Items]
Financing receivable		8,147
Performing (Criticized) | Commercial loans | Life science
Financing Receivable, Recorded Investment [Line Items]
Financing receivable	106,502	123,973
Performing (Criticized) | Commercial loans | Premium wine
Financing Receivable, Recorded Investment [Line Items]
Financing receivable	11,945	41,272
Performing (Criticized) | Commercial loans | Commercial Other Financing Receivable
Financing Receivable, Recorded Investment [Line Items]
Financing receivable	28,952	17,120
Performing (Criticized) | Consumer loans
Financing Receivable, Recorded Investment [Line Items]
Financing receivable	33,472	25,352
Performing (Criticized) | Consumer loans | Real estate secured loans
Financing Receivable, Recorded Investment [Line Items]
Financing receivable	21,522	18,474
Performing (Criticized) | Consumer loans | Consumer Other Financing Receivable
Financing Receivable, Recorded Investment [Line Items]
Financing receivable	11,950	6,878
Impaired
Financing Receivable, Recorded Investment [Line Items]
Financing receivable	27,071	36,617
Impaired | Commercial loans
Financing Receivable, Recorded Investment [Line Items]
Financing receivable	23,228	15,201
Impaired | Commercial loans | Software
Financing Receivable, Recorded Investment [Line Items]
Financing receivable	2,976	1,142
Impaired | Commercial loans | Hardware
Financing Receivable, Recorded Investment [Line Items]
Financing receivable	14,173	5,183
Impaired | Commercial loans | Life science
Financing Receivable, Recorded Investment [Line Items]
Financing receivable		311
Impaired | Commercial loans | Premium wine
Financing Receivable, Recorded Investment [Line Items]
Financing receivable	3,123	3,212
Impaired | Commercial loans | Commercial Other Financing Receivable
Financing Receivable, Recorded Investment [Line Items]
Financing receivable	2,956	5,353
Impaired | Consumer loans
Financing Receivable, Recorded Investment [Line Items]
Financing receivable	3,843	21,416
Impaired | Consumer loans | Real estate secured loans
Financing Receivable, Recorded Investment [Line Items]
Financing receivable	2,554	18,283
Impaired | Consumer loans | Consumer Other Financing Receivable
Financing Receivable, Recorded Investment [Line Items]
Financing receivable	$ 1,289	$ 3,133

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Summary of Unrealized Losses on Available for Sale Securities (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012		Dec. 31, 2011
Investments, Unrealized Loss Position [Line Items]
Less than 12 months - Fair Value of Investments	$ 608,180	[1]	$ 1,681,127
Less than 12 months - Unrealized Losses	(1,651)	[1]	(5,800)
12 months or longer - Fair Value of Investments	43,396	[1]
12 months or longer - Unrealized Losses	(214)	[1]
Fair Value of Investments	651,576	[1]	1,681,127
Unrealized Losses	(1,865)	[1]	(5,800)
U.S. agency debentures
Investments, Unrealized Loss Position [Line Items]
Less than 12 months - Fair Value of Investments			50,994
Less than 12 months - Unrealized Losses			(90)
Fair Value of Investments			50,994
Unrealized Losses			(90)
Residential mortgage-backed securities | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises
Investments, Unrealized Loss Position [Line Items]
Less than 12 months - Fair Value of Investments			54,588
Less than 12 months - Unrealized Losses			(106)
Fair Value of Investments			54,588
Unrealized Losses			(106)
Residential mortgage-backed securities | Agency-issued collateralized mortgage obligations | Fixed rate
Investments, Unrealized Loss Position [Line Items]
Less than 12 months - Fair Value of Investments	425,171		50,125
Less than 12 months - Unrealized Losses	(1,399)		(71)
Fair Value of Investments	425,171		50,125
Unrealized Losses	(1,399)		(71)
Residential mortgage-backed securities | Agency-issued collateralized mortgage obligations | Variable rate
Investments, Unrealized Loss Position [Line Items]
Less than 12 months - Fair Value of Investments	182,847		1,521,589
Less than 12 months - Unrealized Losses	(74)		(4,334)
12 months or longer - Fair Value of Investments	43,153
12 months or longer - Unrealized Losses	(9)
Fair Value of Investments	226,000		1,521,589
Unrealized Losses	(83)		(4,334)
Equity securities
Investments, Unrealized Loss Position [Line Items]
Less than 12 months - Fair Value of Investments	162		3,831
Less than 12 months - Unrealized Losses	(178)		(1,199)
12 months or longer - Fair Value of Investments	243
12 months or longer - Unrealized Losses	(205)
Fair Value of Investments	405		3,831
Unrealized Losses	$ (383)		$ (1,199)

[1] As of June 30, 2012, we identified a total of 33 investments that were in unrealized loss positions, of which five investments totaling $43.4 million with unrealized losses of $0.2 million has been in an impaired position for a period of time greater than 12 months. As of June 30, 2012, we do not intend to sell any impaired debt securities prior to recovery of our adjusted cost basis, and it is more likely than not that we will not be required to sell any of our securities prior to recovery of our adjusted cost basis. Based on our analysis as of June 30, 2012, we deem all impairments to be temporary, and therefore changes in value for our temporarily impaired securities as of the same date are included in other comprehensive income. Market valuations and impairment analyses on assets in the available-for-sale securities portfolio are reviewed and monitored on a quarterly basis.

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Stockholders' Equity and EPS

6 Months Ended

Jun. 30, 2012

Stockholders' Equity and EPS

2. Stockholders’ Equity and EPS

EPS

Basic EPS is the amount of earnings available to each share of common stock outstanding during the reporting period. Diluted EPS is the amount of earnings available to each share of common stock outstanding during the reporting period adjusted to include the effect of potentially dilutive common shares. Potentially dilutive common shares include incremental shares issued for stock options and restricted stock units outstanding under our equity incentive plans, our ESPP, and for certain prior periods, our 3.875% convertible senior notes (“3.875% Convertible Notes”). Potentially dilutive common shares are excluded from the computation of dilutive EPS in periods in which the effect would be antidilutive. The following is a reconciliation of basic EPS to diluted EPS for the three and six months ended June 30, 2012 and 2011:

	Three months ended June 30,				Six months ended June 30,
(Dollars and shares in thousands,  except per share amounts)	2012		2011		2012		2011
Numerator:
Net income available to common stockholders	$	47,603	$	65,750	$	82,393	$	98,757
Denominator:
Weighted average common shares outstanding-basic		44,207		42,924		43,994		42,704
Weighted average effect of dilutive securities:
Stock options and ESPP		385		654		426		678
Restricted stock units		120		101		153		100
3.875% Convertible Notes (1)		-		61		-		77
Denominator for diluted calculation		44,712		43,740		44,573		43,559
Earnings per common share:
Basic	$	1.08	$	1.53	$	1.87	$	2.31
Diluted	$	1.06	$	1.50	$	1.85	$	2.27

(1) Our $250 million 3.875% Convertible Notes matured on April 15, 2011.

The following table summarizes the weighted-average common shares excluded from the diluted EPS calculation as they were deemed to be antidilutive for the three and six months ended June 30, 2012 and 2011:

	Three months ended June 30,				Six months ended June 30,
(Shares in thousands)	2012		2011		2012		2011
Stock options		683		582		574		574
Restricted stock units		189		158		94		99
Total		872		740		668		673

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Summary of Loans Modified in Troubled Debt Restructurings ("TDRs") by Portfolio Segment and Class of Financing Receivables (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Financing Receivable, Modifications [Line Items]
Loans modified in TDRs	$ 25,478	$ 34,275
Commercial loans
Financing Receivable, Modifications [Line Items]
Loans modified in TDRs	21,667	13,208
Commercial loans | Software
Financing Receivable, Modifications [Line Items]
Loans modified in TDRs	769	1,142
Commercial loans | Hardware
Financing Receivable, Modifications [Line Items]
Loans modified in TDRs	15,272	5,183
Commercial loans | Premium wine
Financing Receivable, Modifications [Line Items]
Loans modified in TDRs	2,135	1,949
Commercial loans | Commercial Other Financing Receivable
Financing Receivable, Modifications [Line Items]
Loans modified in TDRs	3,491	4,934
Consumer loans
Financing Receivable, Modifications [Line Items]
Loans modified in TDRs	3,811	21,067
Consumer loans | Real estate secured loans
Financing Receivable, Modifications [Line Items]
Loans modified in TDRs	2,522	17,934
Consumer loans | Consumer Other Financing Receivable
Financing Receivable, Modifications [Line Items]
Loans modified in TDRs	$ 1,289	$ 3,133

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Cash and Cash Equivalents (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012		Dec. 31, 2011		Jun. 30, 2011	Dec. 31, 2010
Cash and Cash Equivalents [Line Items]
Cash and due from banks	$ 1,224,552	[1]	$ 852,010	[1]
Securities purchased under agreements to resell	100,787	[2]	175,553	[2]
Other short-term investment securities	86,386		87,385
Total cash and cash equivalents	$ 1,411,725		$ 1,114,948		$ 2,565,219	$ 3,076,432

[1] At June 30, 2012 and December 31, 2011, $662.4 million and $100.1 million, respectively, of our cash and due from banks was deposited at the FRB and was earning interest at the Federal Funds target rate, and interest-earning deposits in other financial institutions were $265.8 million and $371.5 million, respectively.

[2] At June 30, 2012 and December 31, 2011, securities purchased under agreements to resell were collateralized by U.S. treasury securities and U.S. agency securities with aggregate fair values of $102.8 million and $179.1 million, respectively. None of these securities received as collateral were sold or repledged as of June 30, 2012 and December 31, 2011.

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Short-Term Borrowings and Long-Term Debt (Tables)

6 Months Ended

Jun. 30, 2012

Outstanding Short Term Borrowings and Long Term Debt

The following table represents outstanding short-term borrowings and long-term debt at June 30, 2012 and December 31, 2011:

				Carrying Value
(Dollars in thousands)	Maturity	Principal value at  June 30, 2012		June 30,    2012		December 31,  2011
Short-term borrowings:
Other short-term borrowings	(1)	$	5,880	$	5,880	$	-
Total short-term borrowings				$	5,880	$	-
Long-term debt:
5.375% Senior Notes	September 15, 2020	$	350,000	$	347,893	$	347,793
5.70% Senior Notes (2)	June 1, 2012		-		-		143,969
6.05% Subordinated Notes (3)	June 1, 2017		45,964		55,054		55,075
7.0% Junior Subordinated Debentures	October 15, 2033		50,000		55,285		55,372
Other long-term debt	(4)		-		-		1,439
Total long-term debt				$	458,232	$	603,648

(1) Represents cash collateral received from our counterparty for our interest rate swap agreement related to our 6.05% Subordinated Notes.

(2) At December 31, 2011, included in the carrying value of our 5.70% Senior Notes was $2.6 million related to the fair value of the interest rate swap associated with the notes.

(3) At June 30, 2012 and December 31, 2011, included in the carrying value of our 6.05% Subordinated Notes were $9.3 million and $8.8 million, respectively, related to the fair value of the interest rate swap associated with the notes.

(4) Represents long-term notes payable related to one of our debt fund investments. The last payment related to the notes was made in April 2012.

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Loans and Allowance for Loan Losses (Tables)

6 Months Ended

Jun. 30, 2012

Loans and Allowance for Loan Losses

The composition of loans, net of unearned income of $67.7 million and $60.2 million at June 30, 2012 and December 31, 2011, respectively, is presented in the following table:

(Dollars in thousands)	June 30, 2012		December 31, 2011
Commercial loans:
Software	$	2,752,500	$	2,492,849
Hardware		1,086,973		952,303
Venture capital/private equity		1,403,801		1,117,419
Life science		917,723		863,737
Premium wine (1)		120,043		130,245
Other		371,195		342,147
Commercial loans		6,652,235		5,898,700
Real estate secured loans:
Premium wine (1)		373,658		345,988
Consumer loans (2)		554,266		534,001
Real estate secured loans		927,924		879,989
Construction loans		33,063		30,256
Consumer loans		176,530		161,137
Total loans, net of unearned income (3)	$	7,789,752	$	6,970,082

(1) Included in our premium wine portfolio are gross construction loans of $147.9 million and $110.8 million at June 30, 2012 and December 31, 2011, respectively.

(2) Consumer loans secured by real estate at June 30, 2012 and December 31, 2011 were comprised of the following:

(Dollars in thousands)	June 30, 2012		December 31, 2011
Loans for personal residence	$	369,780	$	350,359
Loans to eligible employees		103,824		99,704
Home equity lines of credit		80,662		83,938
Consumer loans secured by real estate	$	554,266	$	534,001

(3) Included within our total loan portfolio are credit card loans of $58.3 million and $49.7 million at June 30, 2012 and December 31, 2011, respectively.

Composition of Loans, Net of Unearned Income, Broken Out by Portfolio Segment and Class of Financing Receivable

The composition of loans, net of unearned income, broken out by portfolio segment and class of financing receivable as of June 30, 2012 and December 31, 2011, is as follows:

(Dollars in thousands)	June 30, 2012		December 31,  2011
Commercial loans:
Software	$	2,752,500	$	2,492,849
Hardware		1,086,973		952,303
Venture capital/private equity		1,403,801		1,117,419
Life science		917,723		863,737
Premium wine		493,701		476,233
Other		404,258		372,403
Total commercial loans		7,058,956		6,274,944
Consumer loans:
Real estate secured loans		554,266		534,001
Other consumer loans		176,530		161,137
Total consumer loans		730,796		695,138
Total loans, net of unearned income	$	7,789,752	$	6,970,082

Aging of Gross Loans, Broken out by Portfolio Segment and Class of Financing Receivable

The following table summarizes the aging of our gross loans, broken out by portfolio segment and class of financing receivable as of June 30, 2012 and December 31, 2011:

(Dollars in thousands)	30 - 59   Days Past   Due		60 - 89   Days Past   Due		Greater Than 90   Days Past   Due		Total Past   Due		Current		Loans Past Due   90 Days or More Still Accruing Interest
June 30, 2012:
Commercial loans:
Software	$	3,541	$	66	$	25	$	3,632	$	2,773,398	$	25
Hardware		32		-		-		32		1,083,630		-
Venture capital/private equity		75,349		-		-		75,349		1,342,366		-
Life science		35		124		-		159		926,735		-
Premium wine		-		-		-		-		493,107		-
Other		73		-		-		73		405,037		-
Total commercial loans		79,030		190		25		79,245		7,024,273		25
Consumer loans:
Real estate secured loans		-		-		-		-		551,539		-
Other consumer loans		21		5,896		-		5,917		169,423		-
Total consumer loans		21		5,896		-		5,917		720,962		-
Total gross loans excluding impaired loans		79,051		6,086		25		85,162		7,745,235		25
Impaired loans		16		1,411		3,724		5,151		21,920		-
Total gross loans	$	79,067	$	7,497	$	3,749	$	90,313	$	7,767,155	$	25
December 31, 2011:
Commercial loans:
Software	$	415	$	1,006	$	-	$	1,421	$	2,515,327	$	-
Hardware		1,951		45		-		1,996		954,690		-
Venture capital/private equity		45		-		-		45		1,128,475		-
Life science		398		78		-		476		871,626		-
Premium wine		1		174		-		175		475,406		-
Other		15		-		-		15		370,539		-
Total commercial loans		2,825		1,303		-		4,128		6,316,063		-
Consumer loans:
Real estate secured loans		-		-		-		-		515,534		-
Other consumer loans		590		-		-		590		157,389		-
Total consumer loans		590		-		-		590		672,923		-
Total gross loans excluding impaired loans		3,415		1,303		-		4,718		6,988,986		-
Impaired loans		1,350		1,794		6,613		9,757		26,860		-
Total gross loans	$	4,765	$	3,097	$	6,613	$	14,475	$	7,015,846	$	-

Impaired Loans and Allowance for Loan Losses, Broken out by Portfolio Segment and Class of Financing Receivable

The following table summarizes our impaired loans as they relate to our allowance for loan losses, broken out by portfolio segment and class of financing receivable as of June 30, 2012 and December 31, 2011:

(Dollars in thousands)	Impaired loans for   which there is a related allowance for loan losses		Impaired loans for   which there is no related allowance for loan losses		Total carrying value   of impaired loans		Total unpaid principal of     impaired loans
June 30, 2012:
Commercial loans:
Software	$	2,558	$	418	$	2,976	$	4,749
Hardware		13,074		1,099		14,173		17,616
Life Science		-		-		-		-
Premium wine		-		3,123		3,123		3,325
Other		1,905		1,051		2,956		6,824
Total commercial loans		17,537		5,691		23,228		32,514
Consumer loans:
Real estate secured loans		122		2,432		2,554		7,460
Other consumer loans		1,289		-		1,289		1,406
Total consumer loans		1,411		2,432		3,843		8,866
Total	$	18,948	$	8,123	$	27,071	$	41,380
December 31, 2011:
Commercial loans:
Software	$	1,142	$	-	$	1,142	$	1,540
Hardware		4,754		429		5,183		8,843
Life science		-		311		311		523
Premium wine		-		3,212		3,212		3,341
Other		4,303		1,050		5,353		9,104
Total commercial loans		10,199		5,002		15,201		23,351
Consumer loans:
Real estate secured loans		-		18,283		18,283		22,410
Other consumer loans		3,133		-		3,133		3,197
Total consumer loans		3,133		18,283		21,416		25,607
Total	$	13,332	$	23,285	$	36,617	$	48,958

Average Impaired Loans, Broken out by Portfolio Segment and Class of Financing Receivable

The following table summarizes our average impaired loans, broken out by portfolio segment and class of financing receivable during the three and six months ended June 30, 2012 and 2011:

	Three months ended June 30,				Six months ended June 30,
(Dollars in thousands)	2012		2011		2012		2011
Average impaired loans:
Commercial loans:
Software	$	1,896	$	2,620	$	1,716	$	2,697
Hardware		21,468		6,662		16,865		5,594
Life science		88		1,170		117		1,834
Premium wine		3,527		1,396		3,455		2,540
Other		3,506		3,588		4,075		2,878
Total commercial loans		30,485		15,436		26,228		15,543
Consumer loans:
Real estate secured loans		2,645		19,557		7,746		19,841
Other consumer loans		2,170		-		2,595		-
Total consumer loans		4,815		19,557		10,341		19,841
Total average impaired loans	$	35,300	$	34,993	$	36,569	$	35,384

Activity in Allowance for Loan Losses Broken out by Portfolio Segment

The following tables summarize the activity relating to our allowance for loan losses for the three and six months ended June 30, 2012 and 2011, broken out by portfolio segment:

Three months ended June 30, 2012  (dollars in thousands)	Beginning Balance March 31, 2012		Charge-offs		Recoveries		Provision for (Reduction  of)		Ending Balance June 30, 2012
Commercial loans:
Software	$	35,425	$	(2,118)	$	1,329	$	3,345	$	37,981
Hardware		30,348		(10,413)		329		2,368		22,632
Venture capital/private equity		7,214		-		-		2,438		9,652
Life science		10,292		(122)		92		1,398		11,660
Premium wine		3,738		(584)		187		55		3,396
Other		4,802		(286)		1,107		(681)		4,942
Total commercial loans		91,819		(13,523)		3,044		8,923		90,263
Consumer loans		9,103		(607)		331		(924)		7,903
Total allowance for loan losses	$	100,922	$	(14,130)	$	3,375	$	7,999	$	98,166
Six months ended June 30, 2012  (dollars in thousands)	Beginning Balance December 31, 2011		Charge-offs		Recoveries		Provision for (Reduction of)		Ending Balance June 30, 2012
Commercial loans:
Software	$	38,263	$	(2,977)	$	4,088	$	(1,393)	$	37,981
Hardware		16,810		(14,261)		434		19,649		22,632
Venture capital/private equity		7,319		-		-		2,333		9,652
Life science		10,243		(235)		313		1,339		11,660
Premium wine		3,914		(584)		265		(199)		3,396
Other		5,817		(2,456)		1,151		430		4,942
Total commercial loans		82,366		(20,513)		6,251		22,159		90,263
Consumer loans		7,581		(607)		560		369		7,903
Total allowance for loan losses	$	89,947	$	(21,120)	$	6,811	$	22,528	$	98,166
Three months ended June 30, 2011  (dollars in thousands)	Beginning Balance March 31, 2011		Charge-offs		Recoveries		Provision for (Reduction of)		Ending Balance June 30, 2011
Commercial loans:
Software	$	30,479	$	(518)	$	2,639	$	(727)	$	31,873
Hardware		15,840		-		32		170		16,042
Venture capital/private equity		7,432		-		-		875		8,307
Life science		8,097		(471)		505		(906)		7,225
Premium wine		4,504		(449)		590		(636)		4,009
Other		6,433		(2,855)		337		1,954		5,869
Total commercial loans		72,785		(4,293)		4,103		730		73,325
Consumer loans		9,266		-		160		(596)		8,830
Total allowance for loan losses	$	82,051	$	(4,293)	$	4,263	$	134	$	82,155
Six months ended June 30, 2011  (dollars in thousands)	Beginning Balance December 31, 2010		Charge-offs		Recoveries		Provision for (Reduction of)		Ending Balance June 30, 2011
Commercial loans:
Software	$	29,288	$	(1,622)	$	7,920	$	(3,713)	$	31,873
Hardware		14,688		(15)		312		1,057		16,042
Venture capital/private equity		8,241		-		-		66		8,307
Life science		9,077		(3,662)		1,128		682		7,225
Premium wine		5,492		(449)		730		(1,764)		4,009
Other		5,318		(2,867)		407		3,011		5,869
Total commercial loans		72,104		(8,615)		10,497		(661)		73,325
Consumer loans		10,523		-		559		(2,252)		8,830
Total allowance for loan losses	$	82,627	$	(8,615)	$	11,056	$	(2,913)	$	82,155

Allowance for Loan Losses Individually and Collectively Evaluated for Impairment

The following table summarizes the allowance for loan losses individually and collectively evaluated for impairment as of June 30, 2012 and December 31, 2011, broken out by portfolio segment:

	June 30, 2012				December 31, 2011
(Dollars in thousands)	Individually   Evaluated for   Impairment		Collectively   Evaluated for   Impairment		Individually   Evaluated for   Impairment		Collectively   Evaluated for   Impairment
Commercial loans:
Software	$	845	$	37,136	$	526	$	37,737
Hardware		4,225		18,407		1,261		15,549
Venture capital/private equity		-		9,652		-		7,319
Life science		-		11,660		-		10,243
Premium wine		-		3,396		-		3,914
Other		47		4,895		1,180		4,637
Total commercial loans		5,117		85,146		2,967		79,399
Consumer loans		548		7,355		740		6,841
Total allowance for loan losses	$	5,665	$	92,501	$	3,707	$	86,240

Credit Quality Indicators, Broken out by Portfolio Segment and Class of Financing Receivables

The following table summarizes the credit quality indicators, broken out by portfolio segment and class of financing receivables as of June 30, 2012 and December 31, 2011:

(Dollars in thousands)	Pass		Performing     (Criticized)		Impaired		Total
June 30, 2012:
Commercial loans:
Software	$	2,573,437	$	203,593	$	2,976	$	2,780,006
Hardware		951,026		132,636		14,173		1,097,835
Venture capital/private equity		1,417,715		-		-		1,417,715
Life science		820,392		106,502		-		926,894
Premium wine		481,162		11,945		3,123		496,230
Other		376,158		28,952		2,956		408,066
Total commercial loans		6,619,890		483,628		23,228		7,126,746
Consumer loans:
Real estate secured loans		530,017		21,522		2,554		554,093
Other consumer loans		163,390		11,950		1,289		176,629
Total consumer loans		693,407		33,472		3,843		730,722
Total gross loans	$	7,313,297	$	517,100	$	27,071	$	7,857,468
December 31, 2011:
Commercial loans:
Software	$	2,290,497	$	226,251	$	1,142	$	2,517,890
Hardware		839,230		117,456		5,183		961,869
Venture capital/private equity		1,120,373		8,147		-		1,128,520
Life science		748,129		123,973		311		872,413
Premium wine		434,309		41,272		3,212		478,793
Other		353,434		17,120		5,353		375,907
Total commercial loans		5,785,972		534,219		15,201		6,335,392
Consumer loans:
Real estate secured loans		497,060		18,474		18,283		533,817
Other consumer loans		151,101		6,878		3,133		161,112
Total consumer loans		648,161		25,352		21,416		694,929
Total gross loans	$	6,434,133	$	559,571	$	36,617	$	7,030,321

Summary of Loans Modified in Troubled Debt Restructurings ("TDRs") by Portfolio Segment and Class of Financing Receivables

The following table summarizes our loans modified in TDRs, broken out by portfolio segment and class of financing receivables at June 30, 2012 and December 31, 2011:

(Dollars in thousands)	June 30, 2012		December 31, 2011
Loans modified in TDRs:
Commercial loans:
Software	$	769	$	1,142
Hardware		15,272		5,183
Premium wine		2,135		1,949
Other		3,491		4,934
Total commercial loans		21,667		13,208
Consumer loans:
Real estate secured loans		2,522		17,934
Other consumer loans		1,289		3,133
Total consumer loans		3,811		21,067
Total	$	25,478	$	34,275

Recorded Investment in Loans Modified in TDRs

The following table summarizes the recorded investment in loans modified in TDRs, broken out by portfolio segment and class of financing receivable, for modifications made during the three and six months ended June 30, 2012 and 2011:

	Three months ended June 30,				Six months ended June 30,
(Dollars in thousands)	2012		2011		2012		2011
Loans modified in TDRs during the period:
Commercial loans:
Software	$	-	$	605	$	100	$	605
Hardware		12,747		3,321		13,198		3,321
Premium wine		-		-		275		-
Other		535		-		2,440		-
Total commercial loans		13,282		3,926		16,013		3,926
Consumer loans:
Real estate secured loans		289		-		411		-
Total consumer loans		289		-		411		-
Total loans modified in TDR’s during the period (1)	$	13,571	$	3,926	$	16,424	$	3,926

(1) During the three and six months ended June 30, 2012, we had partial charge-offs of $10.0 million and $10.9 million, respectively, on loans classified as TDRs. There were no partial charge-offs on loans classified as TDRs during the three and six months ended June 30, 2011.

Recorded Investment in Loans Modified in TDRs within Previous 12 months Subsequently Defaulted

The following table summarizes the recorded investment in loans modified in TDRs within the previous 12 months that subsequently defaulted during the three and six months ended June 30, 2012 and 2011, broken out by portfolio segment and class of financing receivable:

	Three months ended June 30,				Six months ended June 30,
(Dollars in thousands)	2012		2011		2012		2011
TDRs modified within the previous 12 months that defaulted during the period:
Commercial loans:
Software	$	-	$	-	$	100	$	-
Hardware		452		3,321		452		3,321
Premium wine		1,859		-		1,859		-
Total commercial loans		2,311		3,321		2,411		3,321
Consumer loans:
Other consumer loans		1,289		-		1,289		-
Total consumer loans		1,289		-		1,289		-
Total TDRs modified within the previous 12 months that defaulted in the period	$	3,600	$	3,321	$	3,700	$	3,321

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Aging of Gross Loans, Broken out by Portfolio Segment and Class of Financing Receivable (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Accounts, Notes, Loans and Financing Receivable [Line Items]
30 - 59 Days Past Due	$ 79,067	$ 4,765
60 - 89 Days Past Due	7,497	3,097
Greater Than 90 Days Past Due	3,749	6,613
Total Past Due	90,313	14,475
Current	7,767,155	7,015,846
Loans Past Due 90 Days or More Still Accruing Interest	25
Commercial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
30 - 59 Days Past Due	79,030	2,825
60 - 89 Days Past Due	190	1,303
Greater Than 90 Days Past Due	25
Total Past Due	79,245	4,128
Current	7,024,273	6,316,063
Loans Past Due 90 Days or More Still Accruing Interest	25
Commercial loans | Software
Accounts, Notes, Loans and Financing Receivable [Line Items]
30 - 59 Days Past Due	3,541	415
60 - 89 Days Past Due	66	1,006
Greater Than 90 Days Past Due	25
Total Past Due	3,632	1,421
Current	2,773,398	2,515,327
Loans Past Due 90 Days or More Still Accruing Interest	25
Commercial loans | Hardware
Accounts, Notes, Loans and Financing Receivable [Line Items]
30 - 59 Days Past Due	32	1,951
60 - 89 Days Past Due		45
Total Past Due	32	1,996
Current	1,083,630	954,690
Commercial loans | Venture capital/private equity
Accounts, Notes, Loans and Financing Receivable [Line Items]
30 - 59 Days Past Due	75,349	45
Total Past Due	75,349	45
Current	1,342,366	1,128,475
Commercial loans | Life science
Accounts, Notes, Loans and Financing Receivable [Line Items]
30 - 59 Days Past Due	35	398
60 - 89 Days Past Due	124	78
Total Past Due	159	476
Current	926,735	871,626
Commercial loans | Premium wine
Accounts, Notes, Loans and Financing Receivable [Line Items]
30 - 59 Days Past Due		1
60 - 89 Days Past Due		174
Total Past Due		175
Current	493,107	475,406
Commercial loans | Commercial Other Financing Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
30 - 59 Days Past Due	73	15
Total Past Due	73	15
Current	405,037	370,539
Consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
30 - 59 Days Past Due	21	590
60 - 89 Days Past Due	5,896
Total Past Due	5,917	590
Current	720,962	672,923
Consumer loans | Real estate secured loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	551,539	515,534
Consumer loans | Consumer Other Financing Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
30 - 59 Days Past Due	21	590
60 - 89 Days Past Due	5,896
Total Past Due	5,917	590
Current	169,423	157,389
Total gross loans excluding impaired loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
30 - 59 Days Past Due	79,051	3,415
60 - 89 Days Past Due	6,086	1,303
Greater Than 90 Days Past Due	25
Total Past Due	85,162	4,718
Current	7,745,235	6,988,986
Loans Past Due 90 Days or More Still Accruing Interest	25
Impaired loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
30 - 59 Days Past Due	16	1,350
60 - 89 Days Past Due	1,411	1,794
Greater Than 90 Days Past Due	3,724	6,613
Total Past Due	5,151	9,757
Current	$ 21,920	$ 26,860

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Cash and Cash Equivalents (Parenthetical) (Detail) (USD $) In Millions, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Cash and Cash Equivalents [Line Items]
Deposits at the Federal Reserve Bank earning interest at the Federal Funds target rate	$ 662.4	$ 100.1
Interest-earning deposits in other financial institutions	265.8	371.5
Fair value of securities purchased under agreements to resell	102.8	179.1
Fair value of securities received as collateral that have been resold or repledged	$ 0	$ 0

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Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2012

Total Notional or Contractual Amounts, Fair Value, Collateral and Net Exposure of Derivative Financial Instruments

The total notional or contractual amounts, fair value, collateral and net exposure of our derivative financial instruments at June 30, 2012 and December 31, 2011 were as follows:

		June 30, 2012								December 31, 2011
(Dollars in thousands)	Balance Sheet Location	Notional or Contractual Amount		Fair Value		Collateral (1)		Net Exposure (2)		Notional or Contractual Amount		Fair Value		Collateral (1)		Net Exposure (2)
Derivatives designated as hedging instruments:
Interest rate risks:
Interest rate swaps	Other assets	$	45,964	$	9,331	$	5,880	$	3,451	$	187,393	$	11,441	$	-	$	11,441
Derivatives not designated as hedging instruments:
Currency exchange risks:
Foreign exchange forwards	Other assets		53,158		1,518		-		1,518		68,518		514		-		514
Foreign exchange forwards	Other liabilities		45,505		(1,126)		-		(1,126)		6,822		(199)		-		(199)
Net exposure					392		-		392				315		-		315
Other derivative instruments:
Equity warrant assets	Other assets		156,784		74,405		-		74,405		144,586		66,953		-		66,953
Other derivatives:
Foreign exchange forwards	Other assets		530,889		18,317		-		18,317		387,714		17,541		-		17,541
Foreign exchange forwards	Other liabilities		388,394		(13,488)		-		(13,488)		366,835		(16,346)		-		(16,346)
Foreign currency options	Other assets		97,943		747		-		747		75,600		271		-		271
Foreign currency options	Other liabilities		97,943		(747)		-		(747)		75,600		(271)		-		(271)
Loan conversion options	Other assets		10,254		1,569		-		1,569		14,063		923		-		923
Client interest rate derivatives	Other assets		38,588		57		-		57		39,713		50		-		50
Client interest rate derivatives	Other liabilities		38,588		(59)		-		(59)		39,713		(52)		-		(52)
Net exposure					6,396		-		6,396				2,116		-		2,116
Net				$	90,524	$	5,880	$	84,644			$	80,825	$	-	$	80,825

(1) Cash collateral received from our counterparty for our interest rate swap agreement is recorded as a component of “short-term borrowings” on our consolidated balance sheets.

(2) Net exposure for contracts in a gain position reflects the replacement cost in the event of nonperformance by all such counterparties. The credit ratings of our institutional counterparties as of June 30, 2012 remain at investment grade or higher and there were no material changes in their credit ratings for the three and six months ended June 30, 2012.

Summary of Derivative Activity and Related Impact on Consolidated Statements of Income

A summary of our derivative activity and the related impact on our consolidated statements of income for the three and six months ended June 30, 2012 and 2011 is as follows:

		Three months ended June 30,				Six months ended June 30,
(Dollars in thousands)	Statement of income location	2012		2011		2012		2011
Derivatives designated as hedging instruments:
Interest rate risks:
Net cash benefit associated with interest rate swaps	Interest expense—borrowings	$	1,696	$	3,695	$	3,925	$	9,868
Changes in fair value of interest rate swaps	Net gain on derivative instruments		108		(67)		497		(67)
Net gains associated with interest rate risk derivatives		$	1,804	$	3,628	$	4,422	$	9,801
Derivatives not designated as hedging instruments:
Currency exchange risks:
(Losses) gains on revaluations of foreign currency loans, net	Other noninterest income	$	(3,125)	$	502	$	(1,466)	$	3,191
Gains (losses) on internal foreign exchange forward contracts, net	Net gains on derivative instruments		2,993		(483)		942		(3,051)
Net (losses) gains associated with currency risk		$	(132)	$	19	$	(524)	$	140
Other derivative instruments:
Gains on equity warrant assets	Net gains on derivative instruments	$	4,876	$	13,861	$	11,811	$	17,857
Gains on client foreign exchange forward contracts, net	Net gains on derivative instruments	$	1,330	$	315	$	2,395	$	790
Net (losses) gains on other derivatives (1)	Net gains on derivative instruments	$	(594)	$	25	$	(956)	$	(1,327)

(1) Primarily represents the change in fair value of loan conversion options.

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Other Noninterest Income and Other Noninterest Expense (Tables)

6 Months Ended

Jun. 30, 2012

Summary of Other Noninterest Income

A summary of other noninterest income for the three and six months ended June 30, 2012 and 2011 is as follows:

	Three months ended June 30,				Six months ended June 30,
(Dollars in thousands)	2012		2011		2012		2011
Unused commitment fees	$	3,678	$	1,808	$	6,733	$	3,294
Fund management fees		3,124		2,663		5,952		5,351
Service-based fee income		2,172		2,587		4,546		4,812
Net gains on the sale of certain assets related to our equity management services business		4,243		-		4,243		-
Loan syndication fees		1,375		870		1,500		870
Currency revaluation losses		(1,548)		(881)		(933)		(1,121)
(Losses) gains on revaluation of foreign currency loans, net		(3,125)		502		(1,466)		3,191
Other		2,745		2,463		5,167		3,879
Total other noninterest income	$	12,664	$	10,012	$	25,742	$	20,276

Summary of Other Noninterest Expense

A summary of other noninterest expense for the three and six months ended June 30, 2012 and 2011 is as follows:

	Three months ended June 30,				Six months ended June 30,
(Dollars in thousands)	2012		2011		2012		2011
Telephone	$	1,547	$	1,416	$	3,331	$	2,766
Client services		1,739		1,037		2,992		1,839
Data processing services		1,310		1,429		2,715		2,492
Tax credit fund amortization		962		1,101		2,020		2,154
Postage and supplies		628		562		1,253		1,084
Dues and publications		557		327		1,031		701
Net gain from note repurchases and termination of corresponding interest rate swaps		-		(3,123)		-		(3,123)
Other		2,675		2,287		3,883		4,986
Total other noninterest expense	$	9,418	$	5,036	$	17,225	$	12,899

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Basis of Presentation

6 Months Ended

Jun. 30, 2012

Basis of Presentation

1. Basis of Presentation

SVB Financial Group is a diversified financial services company, as well as a bank holding company and financial holding company. SVB Financial was incorporated in the state of Delaware in March 1999. Through our various subsidiaries and divisions, we offer a variety of banking and financial products and services to support our clients of all sizes and stages throughout their life cycles. In these notes to our consolidated financial statements, when we refer to “SVB Financial Group,” “SVBFG”, the “Company,” “we,” “our,” “us” or use similar words, we mean SVB Financial Group and all of its subsidiaries collectively, including Silicon Valley Bank (the “Bank”), unless the context requires otherwise. When we refer to “SVB Financial” or the “Parent” we are referring only to the parent company, SVB Financial Group, unless the context requires otherwise.

The accompanying unaudited interim consolidated financial statements reflect all adjustments of a normal and recurring nature that are, in the opinion of management, necessary to fairly present our financial position, results of operations and cash flows in accordance with GAAP. Such interim consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q pursuant to the rules and regulations of the SEC. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. The results of operations for the three and six months ended June 30, 2012 are not necessarily indicative of results to be expected for any future periods. These interim consolidated financial statements should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2011 (“2011 Form 10-K”).

The accompanying unaudited interim consolidated financial statements have been prepared on a consistent basis with the accounting policies described in Consolidated Financial Statements and Supplementary Data—Note 2—“Summary of Significant Accounting Policies” under Part II, Item 8 of our 2011 Form 10-K.

The preparation of unaudited interim consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Estimates may change as new information is obtained. Significant items that are subject to such estimates include measurements of fair value, the valuation of non-marketable securities, the valuation of equity warrant assets, the adequacy of the allowance for loan losses and reserve for unfunded credit commitments, and the recognition and measurement of income tax assets and liabilities.

Principles of Consolidation and Presentation

Our consolidated financial statements include the accounts of SVB Financial Group and entities in which we have a controlling financial interest. We determine whether we have a controlling financial interest in an entity by evaluating whether the entity is a voting interest entity or a variable interest entity and whether the accounting guidance requires consolidation. All significant intercompany accounts and transactions have been eliminated.

Voting interest entities are entities that have sufficient equity and provide the equity investors voting rights that enable them to make significant decisions relating to the entity’s operations. For these types of entities, the Company’s determination of whether it has a controlling interest is based on ownership of the majority of the entities’ voting equity interest or through control of management of the entities.

VIEs are entities that, by design, either (1) lack sufficient equity to permit the entity to finance its activities without additional subordinated financial support from other parties, or (2) have equity investors that do not have the ability to make significant decisions relating to the entity’s operations through voting rights, or do not have the obligation to absorb the expected losses, or do not have the right to receive the residual returns of the entity. We determine whether we have a controlling financial interest in a VIE by considering whether our involvement with the VIE is significant and designates us as the primary beneficiary based on the following:

1. We have the power to direct the activities of the VIE that most significantly impact the entity’s economic performance;

2. The aggregate indirect and direct variable interests held by the Company have the obligation to absorb losses or the right to receive benefits from the entity that could be significant to the VIE; and,

3. Qualitative and quantitative factors regarding the nature, size, and form of our involvement with the VIE.

Voting interest entities in which we have a controlling financial interest or VIEs in which we are the primary beneficiary are consolidated into our financial statements.

We have not provided financial or other support during the periods presented to any VIE that we were not previously contractually required to provide. We are variable interest holders in certain partnerships for which we are the primary beneficiary. We perform on-going reassessments on the status of the entities and whether facts or circumstances have changed in relation to previously evaluated voting interest entities and our involvement in VIEs which could cause our consolidation conclusion to change.

Impact of Adopting ASU No. 2011-04, Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRS

In May 2011, the FASB issued a new accounting standard which requires new disclosures and clarifies existing guidance surrounding fair value measurement. This standard was issued concurrently with the IASB’s issuance of a fair value measurement standard with the objective of a converged definition of fair value measurement and disclosure guidance. The new guidance clarified that the principal market for a financial instrument should be determined based on the market with the greatest volume and level of activity. This new guidance was effective on a prospective basis for interim and annual reporting periods beginning after December 15, 2011, and was therefore adopted effective January 1, 2012. This standard clarified how fair value is measured and increased the disclosure requirements for fair value measurements, and did not have a material impact on our financial position, results of operations or stockholders’ equity. See Note 13 – “Fair Value of Financial Instruments” for further details.

Impact of Adopting ASU No. 2011-05, Presentation of Comprehensive Income

In June 2011, the FASB issued a new accounting standard, which requires presentation of the components of total comprehensive income in either a single continuous statement of comprehensive income or in two separate but consecutive statements. Regardless of which option is chosen, reclassification adjustments for items that are reclassified from other comprehensive income to net income are required to be shown on the face of the financial statements. In December 2011, the FASB approved a proposed update, which indefinitely defers the requirements of ASU No. 2011-05 to present components of reclassifications of other comprehensive income on the face of the income statement. This new guidance did not change the items that must be reported in other comprehensive income or when an item of other comprehensive income must be reclassified to net income. The guidance was effective on a retrospective basis for the interim and annual reporting periods beginning after December 15, 2011, and was therefore adopted effective January 1, 2012. This standard only clarified the presentation of comprehensive income and did not affect our financial position, results of operations or stockholders’ equity.

Recent Accounting Pronouncements

In December 2011, the FASB issued a new accounting standard (ASU No. 2011-11, Disclosures about Offsetting Assets and Liabilities), which requires new disclosures surrounding financial instruments and derivative instruments that are offset on the statement of financial position, or are eligible for offset subject to a master netting arrangement. This standard was issued concurrent with the IASB’s issuance of a similar standard with the objective of converged disclosure guidance. The guidance is effective on a retrospective basis for the interim and annual reporting periods beginning after January 1, 2013. We are currently assessing the impact of this guidance, however we do not expect it to have a material impact on our financial position, results of operations or stockholders’ equity.

Reclassifications

Certain prior period amounts have been reclassified to conform to the current period presentations.

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Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2012

Segment Reporting

Our segment information for the three and six months ended June 30, 2012 and 2011 is as follows:

(Dollars in thousands)	Global Commercial Bank (1)		SVB Private   Bank		SVB   Capital (1)		Other             Items		Total
Three months ended June 30, 2012
Net interest income (loss)	$	146,420	$	5,516	$	9	$	(11)	$	151,934
(Provision for) reduction of loan losses		(8,923)		924		-		-		(7,999)
Noninterest income		52,494		151		4,557		23,224		80,426
Noninterest expense (2)		(98,478)		(3,356)		(2,872)		(31,060)		(135,766)
Income (loss) before income tax expense (3)	$	91,513	$	3,235	$	1,694	$	(7,847)	$	88,595
Total average loans, net of unearned income	$	6,479,544	$	742,130	$	-	$	15,508	$	7,237,182
Total average assets (4)		19,023,230		747,445		251,295		868,906		20,890,876
Total average deposits		17,131,816		253,482		-		22,338		17,407,636
Three months ended June 30, 2011
Net interest income	$	125,695	$	4,653	$	3	$	102	$	130,453
(Provision for) reduction of loan losses		(730)		596		-		-		(134)
Noninterest income		36,551		136		6,716		80,305		123,708
Noninterest expense (2)		(84,702)		(2,477)		(3,111)		(30,742)		(121,032)
Income before income tax expense (3)	$	76,814	$	2,908	$	3,608	$	49,665	$	132,995
Total average loans, net of unearned income	$	4,822,497	$	642,287	$	-	$	68,047	$	5,532,831
Total average assets (4)		16,805,670		642,744		232,381		573,736		18,254,531
Total average deposits		15,099,789		156,765		-		13,185		15,269,739
Six months ended June 30, 2012
Net interest income	$	289,684	$	10,481	$	16	$	2,690	$	302,871
Provision for loan losses		(22,159)		(369)		-		-		(22,528)
Noninterest income		92,422		308		8,144		38,845		139,719
Noninterest expense (2)		(194,734)		(6,589)		(5,408)		(61,047)		(267,778)
Income (loss) before income tax expense (3)	$	165,213	$	3,831	$	2,752	$	(19,512)	$	152,284
Total average loans, net of unearned income	$	6,255,450	$	740,049	$	-	$	25,266	$	7,020,765
Total average assets (4)		18,790,252		744,703		254,835		771,919		20,561,709
Total average deposits		16,916,965		246,991		-		22,744		17,186,700
Six months ended June 30, 2011
Net interest income (loss)	$	246,515	$	9,054	$	4	$	(4,821)	$	250,752
Reduction of provision for loan losses		661		2,252		-		-		2,913
Noninterest income		71,415		223		14,006		128,018		213,662
Noninterest expense (2)		(170,582)		(4,480)		(6,253)		(57,152)		(238,467)
Income before income tax expense (3)	$	148,009	$	7,049	$	7,757	$	66,045	$	228,860
Total average loans, net of unearned income	$	4,766,104	$	613,467	$	-	$	43,480	$	5,423,051
Total average assets (4)		16,502,986		613,734		222,570		763,918		18,103,208
Total average deposits		14,803,648		153,520		-		12,638		14,969,806

(1) Global Commercial Bank’s and SVB Capital’s components of net interest income (loss), noninterest income, noninterest expense and total average assets are shown net of noncontrolling interests for all periods presented.

(2) The Global Commercial Bank segment includes direct depreciation and amortization of $3.6 million and $2.7 million for the three months ended June 30, 2012 and 2011, respectively, and $7.0 million and $5.6 million for the six months ended June 30, 2012 and 2011, respectively.

(3) 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.

(4) Total average assets equals the greater of total average assets or the sum of total liabilities and total stockholders’ equity for each segment.

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Remaining Unfunded Commitments to Venture Capital or Private Equity Funds by our Consolidated Managed Funds (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012
Commitments and Contingencies Disclosure [Line Items]
Unfunded Commitments	$ 377,037
SVB Strategic Investors Fund, LP
Commitments and Contingencies Disclosure [Line Items]
Unfunded Commitments	2,307
SVB Strategic Investors Fund II, LP
Commitments and Contingencies Disclosure [Line Items]
Unfunded Commitments	11,243
SVB Strategic Investors Fund III, LP
Commitments and Contingencies Disclosure [Line Items]
Unfunded Commitments	48,147
SVB Strategic Investors Fund IV, LP
Commitments and Contingencies Disclosure [Line Items]
Unfunded Commitments	114,552
Strategic Investors Fund V Funds
Commitments and Contingencies Disclosure [Line Items]
Unfunded Commitments	153,160
SVB Capital Preferred Return Fund, LP
Commitments and Contingencies Disclosure [Line Items]
Unfunded Commitments	20,299
SVB Capital-NT Growth Partners, LP
Commitments and Contingencies Disclosure [Line Items]
Unfunded Commitments	22,882
Other private equity fund
Commitments and Contingencies Disclosure [Line Items]
Unfunded Commitments	$ 4,447

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Stock Option Information Related to Equity Incentive Plan (Detail) (USD $)	6 Months Ended
	Jun. 30, 2012
Options
Outstanding, beginning of period	2,439,360
Granted	387,793
Exercised	(576,461)
Forfeited	(36,629)
Expired	(4,568)
Outstanding, end of period	2,209,495
Vested and expected to vest, end of period	2,106,562
Exercisable, end of period	1,159,056
Weighted average exercise price
Outstanding, beginning of period	$ 42.64
Granted	$ 64.02
Exercised	$ 36.26
Forfeited	$ 45.86
Expired	$ 42.50
Outstanding, end of period	$ 48.00
Vested and expected to vest, end of period	$ 47.53
Exercisable, end of period	$ 43.06
Weighted Average Remaining Contractual Life in Years
Outstanding, end of period	4 years 3 months 4 days
Vested and expected to vest, end of period	4 years 2 months
Exercisable, end of period	2 years 11 months 4 days
Aggregate Intrinsic Value of In-The-Money Options
Outstanding, end of period	$ 26,284,468
Vested and expected to vest, end of period	25,861,593
Exercisable, end of period	$ 18,281,444

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Composition of Loans, Net of Unearned income (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012		Dec. 31, 2011
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	$ 7,789,752	[1]	$ 6,970,082	[1]
Premium wine | Construction loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	147,900		110,800
Commercial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	6,652,235		5,898,700
Commercial loans | Software
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	2,752,500		2,492,849
Commercial loans | Hardware
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	1,086,973		952,303
Commercial loans | Venture capital/private equity
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	1,403,801		1,117,419
Commercial loans | Life science
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	917,723		863,737
Commercial loans | Premium wine
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	120,043	[2]	130,245	[2]
Commercial loans | Commercial Other Financing Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	371,195		342,147
Real estate secured loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	927,924		879,989
Real estate secured loans | Premium wine
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	373,658	[2]	345,988	[2]
Real estate secured loans | Consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	554,266	[3]	534,001	[3]
Other loans | Construction loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	33,063		30,256
Other loans | Consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net of unearned income	$ 176,530		$ 161,137

[1] Included within our total loan portfolio are credit card loans of $58.3 million and $49.7 million at June 30, 2012 and December 31, 2011, respectively.

[2] Included in our premium wine portfolio are gross construction loans of $147.9 million and $110.8 million at June 30, 2012 and December 31, 2011, respectively.

[3] Consumer loans secured by real estate at June 30, 2012 and December 31, 2011 were comprised of the following: (Dollars in thousands) June 30, 2012 December 31, 2011 Loans for personal residence $ 369,780 $ 350,359 Loans to eligible employees 103,824 99,704 Home equity lines of credit 80,662 83,938 Consumer loans secured by real estate $ 554,266 $ 534,001

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Summary of Derivative Activity and Related Impact on Consolidated Statements of Income (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended				6 Months Ended
	Jun. 30, 2012		Jun. 30, 2011		Jun. 30, 2012		Jun. 30, 2011
Derivatives designated as hedging instruments | Interest rate risks | Interest rate swaps | Interest expense-borrowings
Derivative Instruments, Gain (Loss) [Line Items]
Net gains (losses) on derivative instruments	$ 1,696		$ 3,695		$ 3,925		$ 9,868
Derivatives designated as hedging instruments | Interest rate risks | Interest rate swaps | Net gains on derivative instruments
Derivative Instruments, Gain (Loss) [Line Items]
Net gains (losses) on derivative instruments	108		(67)		497		(67)
Derivatives designated as hedging instruments | Interest rate risks | Interest Rate Risk
Derivative Instruments, Gain (Loss) [Line Items]
Net gains (losses) on derivative instruments	1,804		3,628		4,422		9,801
Derivatives not designated as hedging instruments | Currency exchange risks
Derivative Instruments, Gain (Loss) [Line Items]
Net gains (losses) on derivative instruments	(132)		19		(524)		140
Derivatives not designated as hedging instruments | Currency exchange risks | Loans | Other noninterest income
Derivative Instruments, Gain (Loss) [Line Items]
Net gains (losses) on derivative instruments	(3,125)		502		(1,466)		3,191
Derivatives not designated as hedging instruments | Currency exchange risks | Foreign exchange forwards | Net gains on derivative instruments
Derivative Instruments, Gain (Loss) [Line Items]
Net gains (losses) on derivative instruments	2,993		(483)		942		(3,051)
Derivatives not designated as hedging instruments | Other derivative instruments | Foreign exchange forwards | Net gains on derivative instruments
Derivative Instruments, Gain (Loss) [Line Items]
Net gains (losses) on derivative instruments	1,330		315		2,395		790
Derivatives not designated as hedging instruments | Other derivative instruments | Equity Warrant Asset | Net gains on derivative instruments
Derivative Instruments, Gain (Loss) [Line Items]
Net gains (losses) on derivative instruments	4,876		13,861		11,811		17,857
Derivatives not designated as hedging instruments | Other derivative instruments | Other derivatives | Net gains on derivative instruments
Derivative Instruments, Gain (Loss) [Line Items]
Net gains (losses) on derivative instruments	$ (594)	[1]	$ 25	[1]	$ (956)	[1]	$ (1,327)	[1]

[1] Primarily represents the change in fair value of loan conversion options.

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Interim Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012		Dec. 31, 2011
Assets
Cash and cash equivalents	$ 1,411,725		$ 1,114,948
Available-for-sale securities	10,620,951		10,536,046
Non-marketable securities	1,132,312		1,004,440
Investment securities	11,753,263		11,540,486
Loans, net of unearned income	7,789,752	[1]	6,970,082	[1]
Allowance for loan losses	(98,166)		(89,947)
Net loans	7,691,586		6,880,135
Premises and equipment, net of accumulated depreciation and amortization	64,773		56,471
Accrued interest receivable and other assets	368,425		376,854
Total assets	21,289,772		19,968,894
Liabilities:
Noninterest-bearing demand deposits	12,842,250		11,861,888
Interest-bearing deposits	5,226,562		4,847,648
Total deposits	18,068,812		16,709,536
Short-term borrowings	5,880
Other liabilities	312,523		405,321
Long-term debt	458,232		603,648
Total liabilities	18,845,447		17,718,505
Commitments and contingencies (Note 11 and Note 14)
SVBFG stockholders' equity:
Preferred stock, $0.001 par value, 20,000,000 shares authorized; no shares issued and outstanding
Common stock, $0.001 par value, 150,000,000 shares authorized; 44,402,954 shares and 43,507,932 shares outstanding, respectively	44		44
Additional paid-in capital	529,113		484,216
Retained earnings	1,082,126		999,733
Accumulated other comprehensive income	104,077		85,399
Total SVBFG stockholders' equity	1,715,360		1,569,392
Noncontrolling interests	728,965		680,997
Total equity	2,444,325		2,250,389
Total liabilities and total equity	$ 21,289,772		$ 19,968,894

[1] Included within our total loan portfolio are credit card loans of $58.3 million and $49.7 million at June 30, 2012 and December 31, 2011, respectively.

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Major Components of Investment Securities Portfolio (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012		Dec. 31, 2011
Investment Holdings [Line Items]
Amortized Cost	$ 10,436,454		$ 10,384,741
Unrealized Gains	186,362		157,105
Unrealized Losses	(1,865)		(5,800)
Carrying Value	10,620,951		10,536,046
Non-marketable securities	1,132,312		1,004,440
Investment securities	11,753,263		11,540,486
Fair value accounting | Venture capital and private equity fund investments
Investment Holdings [Line Items]
Non-marketable securities	639,596	[1]	611,824	[1]
Fair value accounting | Other venture capital investments
Investment Holdings [Line Items]
Non-marketable securities	120,111	[2]	124,121	[2]
Fair value accounting | Other investments
Investment Holdings [Line Items]
Non-marketable securities			987	[3]
Equity method accounting | Other investments
Investment Holdings [Line Items]
Non-marketable securities	138,993	[4]	68,252	[4]
Equity method accounting | Low income housing tax credit funds
Investment Holdings [Line Items]
Non-marketable securities	58,698		34,894
Cost method accounting | Venture capital and private equity fund investments
Investment Holdings [Line Items]
Non-marketable securities	153,618	[5]	145,007	[5]
Cost method accounting | Other investments
Investment Holdings [Line Items]
Non-marketable securities	21,296		19,355
U.S. treasury securities
Investment Holdings [Line Items]
Amortized Cost	25,146		25,233
Unrealized Gains	453		731
Carrying Value	25,599		25,964
U.S. agency debentures
Investment Holdings [Line Items]
Amortized Cost	2,571,796		2,822,158
Unrealized Gains	68,328		52,864
Unrealized Losses			(90)
Carrying Value	2,640,124		2,874,932
Residential mortgage-backed securities | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises
Investment Holdings [Line Items]
Amortized Cost	1,668,523		1,529,466
Unrealized Gains	45,276		34,926
Unrealized Losses			(106)
Carrying Value	1,713,799		1,564,286
Residential mortgage-backed securities | Agency-issued collateralized mortgage obligations | Fixed rate
Investment Holdings [Line Items]
Amortized Cost	3,751,327		3,317,285
Unrealized Gains	54,283		56,546
Unrealized Losses	(1,399)		(71)
Carrying Value	3,804,211		3,373,760
Residential mortgage-backed securities | Agency-issued collateralized mortgage obligations | Variable rate
Investment Holdings [Line Items]
Amortized Cost	2,103,451		2,416,158
Unrealized Gains	5,081		1,554
Unrealized Losses	(83)		(4,334)
Carrying Value	2,108,449		2,413,378
Agency-issued commercial mortgage-backed securities
Investment Holdings [Line Items]
Amortized Cost	223,200		176,646
Unrealized Gains	4,880		2,047
Carrying Value	228,080		178,693
Municipal bonds and notes
Investment Holdings [Line Items]
Amortized Cost	91,659		92,241
Unrealized Gains	8,035		8,257
Carrying Value	99,694		100,498
Equity securities
Investment Holdings [Line Items]
Amortized Cost	1,352		5,554
Unrealized Gains	26		180
Unrealized Losses	(383)		(1,199)
Carrying Value	$ 995		$ 4,535

[1] The following table shows the amount of venture capital and private equity fund investments by the following consolidated funds and our ownership of each fund at June 30, 2012 and December 31, 2011: June 30, 2012 December 31, 2011 (Dollars in thousands) Amount Ownership % Amount Ownership % SVB Strategic Investors Fund, LP $ 36,694 12.6 % $ 39,567 12.6 % SVB Strategic Investors Fund II, LP 109,343 8.6 122,619 8.6 SVB Strategic Investors Fund III, LP 213,405 5.9 218,429 5.9 SVB Strategic Investors Fund IV, LP 146,477 5.0 122,076 5.0 Strategic Investors Fund V, LP 18,134 0.2 8,838 0.3 SVB Capital Preferred Return Fund, LP 50,573 20.0 42,580 20.0 SVB Capital-NT Growth Partners, LP 57,588 33.0 43,958 33.0 SVB Capital Partners II, LP (i) 863 5.1 2,390 5.1 Other private equity fund (ii) 6,519 58.2 11,367 58.2 Total venture capital and private equity fund investments $ 639,596 $ 611,824 (i) At June 30, 2012, we had a direct ownership interest of 1.3 percent and an indirect ownership interest of 3.8 percent in the fund through our ownership interest of SVB Strategic Investors Fund II, LP. (ii) At June 30, 2012, we had a direct ownership interest of 41.5 percent and indirect ownership interests of 12.6 percent and 4.1 percent in the fund through our ownership interest of SVB Capital-NT Growth Partners, LP and SVB Capital Preferred Return Fund, LP, respectively.

[2] The following table shows the amount of other venture capital investments by the following consolidated funds and our ownership of each fund at June 30, 2012 and December 31, 2011: June 30, 2012 December 31, 2011 (Dollars in thousands) Amount Ownership % Amount Ownership % Silicon Valley BancVentures, LP $ 16,739 10.7 % $ 17,878 10.7 % SVB Capital Partners II, LP (i) 59,256 5.1 61,099 5.1 SVB India Capital Partners I, LP 40,668 14.4 42,832 14.4 SVB Capital Shanghai Yangpu Venture Capital Fund 3,448 6.8 2,312 6.8 Total other venture capital investments $ 120,111 $ 124,121 (i) At June 30, 2012, we had a direct ownership interest of 1.3 percent and an indirect ownership interest of 3.8 percent in the fund through our ownership of SVB Strategic Investors Fund II, LP.

[3] Other investments within non-marketable securities (fair value accounting) include our ownership in Partners for Growth, LP, a consolidated debt fund. At June 30, 2012, we had a majority ownership interest of slightly more than 50.0 percent in the fund. Partners for Growth, LP is managed by a third party and we do not have an ownership interest in the general partner of this fund.

[4] The following table shows the carrying value and our ownership percentage of each investment at June 30, 2012 and December 31, 2011: June 30, 2012 December 31, 2011 (Dollars in thousands) Amount Ownership % Amount Ownership % Gold Hill Venture Lending 03, LP (i) $ 6,238 9.3 % $ 16,072 9.3 % Gold Hill Capital 2008, LP (ii) 19,553 15.5 19,328 15.5 Partners for Growth II, LP 3,551 24.2 3,785 24.2 China Joint Venture investment (iii) 79,524 50.0 - - Other investments 30,127 N/A 29,067 N/A Total other investments $ 138,993 $ 68,252 (i) At June 30, 2012, we had a direct ownership interest of 4.8 percent in the fund and an indirect interest in the fund through our investment in Gold Hill Venture Lending Partners 03, LLC ("GHLLC") of 4.5 percent. Our aggregate direct and indirect ownership in the fund is 9.3 percent. (ii) At June 30, 2012, we had a direct ownership interest of 11.5 percent in the fund and an indirect interest in the fund through our investment in Gold Hill Capital 2008, LLC of 4.0 percent. Our aggregate direct and indirect ownership in the fund is 15.5 percent. (iii) On May 3, 2012, we contributed $79.7 million to SPD Silicon Valley Bank Co., Ltd., our joint venture bank in China.

[5] Represents investments in 326 and 329 funds (primarily venture capital funds) at June 30, 2012 and December 31, 2011, respectively, where our ownership interest is less than 5% of the voting interests of each such fund and in which we do not have the ability to exercise significant influence over the partnerships operating and financial policies. For the three months ended June 30, 2012, we recognized OTTI losses of $0.2 million resulting from other-than-temporary declines in value for 12 of the 326 investments. For the six months ended June 30, 2012, we recognized OTTI losses of $0.5 million resulting from other-than-temporary declines in value for 30 of the 326 investments. The OTTI losses are included in net gains on investment securities, a component of noninterest income. We concluded that any declines in value for the remaining 296 investments were temporary and as such, no OTTI was required to be recognized. At June 30, 2012, the carrying value of these venture capital and private equity fund investments (cost method accounting) was $153.6 million, and the estimated fair value was $185.3 million.

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Interim Consolidated Statements of Stockholders' Equity (USD $) In Thousands, except Share data	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income	Total SVBFG Stockholders' Equity	Noncontrolling Interests
Balance at Dec. 31, 2010	$ 1,748,278	$ 42	$ 422,334	$ 827,831	$ 24,143	$ 1,274,350	$ 473,928
Balance (in shares) at Dec. 31, 2010		42,268,201
Common stock issued under employee benefit plans, net of restricted stock cancellations (in shares)		866,984
Common stock issued under employee benefit plans, net of restricted stock cancellations	26,130	1	26,129			26,130
Common stock issued upon settlement of 3.875% Convertible Notes, net of shares received from associated convertible note hedge		1,024
Income tax benefit from stock options exercised, vesting of restricted stock and other	5,563		5,563			5,563
Net income	162,827			98,757		98,757	64,070
Capital calls and distributions, net	41,160						41,160
Net change in unrealized gains on available-for-sale securities, net of tax	22,117				22,117	22,117
Foreign currency translation adjustments, net of tax	1,117				1,117	1,117
Share-based compensation expense	8,859		8,859			8,859
Balance at Jun. 30, 2011	2,016,051	43	462,885	926,588	47,377	1,436,893	579,158
Balance (in shares) at Jun. 30, 2011		43,136,209
Balance at Dec. 31, 2011	2,250,389	44	484,216	999,733	85,399	1,569,392	680,997
Balance (in shares) at Dec. 31, 2011		43,507,932
Common stock issued under employee benefit plans, net of restricted stock cancellations (in shares)		821,462
Common stock issued under employee benefit plans, net of restricted stock cancellations	24,303		24,303			24,303
Common stock issued under ESOP (in shares)		73,560
Common stock issued under ESOP	4,345		4,345			4,345
Income tax benefit from stock options exercised, vesting of restricted stock and other	5,323		5,323			5,323
Net income	97,011			82,393		82,393	14,618
Capital calls and distributions, net	33,350						33,350
Net change in unrealized gains on available-for-sale securities, net of tax	19,987				19,987	19,987
Foreign currency translation adjustments, net of tax	(1,309)				(1,309)	(1,309)
Share-based compensation expense	10,926		10,926			10,926
Balance at Jun. 30, 2012	$ 2,444,325	$ 44	$ 529,113	$ 1,082,126	$ 104,077	$ 1,715,360	$ 728,965
Balance (in shares) at Jun. 30, 2012		44,402,954

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Summary of Estimated Fair Values of Investments and Remaining Unfunded Commitments for Each Major Category of Investments (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Carrying Amount	$ 844,316
Fair Value	877,116
Unfunded Commitments	452,775
Non-marketable securities | Fair value accounting | Venture capital and private equity fund investments
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Carrying Amount	639,596	[1]
Fair Value	639,596	[1]
Unfunded Commitments	377,037	[1]
Non-marketable securities | Equity method accounting | Other investments
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Carrying Amount	51,102	[2]
Fair Value	52,185	[2]
Unfunded Commitments	7,750	[2]
Non-marketable securities | Cost method accounting | Venture capital and private equity fund investments
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Carrying Amount	153,618	[3]
Fair Value	185,335	[3]
Unfunded Commitments	$ 67,988	[3]

[1] Venture capital and private equity fund investments within non-marketable securities (fair value accounting) include investments made by our managed funds of funds, one of our direct venture funds and one other private equity fund. These investments represent investments in venture capital and private equity funds that invest primarily in U.S. and global technology and life sciences companies. Included in the fair value and unfunded commitments of fund investments under fair value accounting are $562.6 million and $365.2 million, respectively, attributable to noncontrolling interests. It is estimated that we will receive distributions from the fund investments over the next 10 to 13 years, depending on the age of the funds and any potential extensions of terms of the funds.

[2] Other investments within non-marketable securities (equity method accounting) include investments in debt funds and venture capital and private equity fund investments that invest in or lend money to primarily U.S. and global technology and life sciences companies. It is estimated that we will receive distributions from the fund investments over the next 10 to 13 years, depending on the age of the funds.

[3] Venture capital and private equity fund investments within non-marketable securities (cost method accounting) include investments in venture capital and private equity fund investments that invest primarily in U.S. and global technology and life sciences companies. It is estimated that we will receive distributions from the fund investments over the next 10 to 13 years, depending on the age of the funds and any potential extensions of the terms of the funds.

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Activity in Allowance for Loan Losses Broken out by Portfolio Segment (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance	$ 100,922	$ 82,051	$ 89,947	$ 82,627
Charge-offs	(14,130)	(4,293)	(21,120)	(8,615)
Recoveries	3,375	4,263	6,811	11,056
Provision for (Reduction of)	7,999	134	22,528	(2,913)
Ending Balance	98,166	82,155	98,166	82,155
Commercial loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance	91,819	72,785	82,366	72,104
Charge-offs	(13,523)	(4,293)	(20,513)	(8,615)
Recoveries	3,044	4,103	6,251	10,497
Provision for (Reduction of)	8,923	730	22,159	(661)
Ending Balance	90,263	73,325	90,263	73,325
Commercial loans | Software
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance	35,425	30,479	38,263	29,288
Charge-offs	(2,118)	(518)	(2,977)	(1,622)
Recoveries	1,329	2,639	4,088	7,920
Provision for (Reduction of)	3,345	(727)	(1,393)	(3,713)
Ending Balance	37,981	31,873	37,981	31,873
Commercial loans | Hardware
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance	30,348	15,840	16,810	14,688
Charge-offs	(10,413)		(14,261)	(15)
Recoveries	329	32	434	312
Provision for (Reduction of)	2,368	170	19,649	1,057
Ending Balance	22,632	16,042	22,632	16,042
Commercial loans | Venture capital/private equity
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance	7,214	7,432	7,319	8,241
Provision for (Reduction of)	2,438	875	2,333	66
Ending Balance	9,652	8,307	9,652	8,307
Commercial loans | Life science
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance	10,292	8,097	10,243	9,077
Charge-offs	(122)	(471)	(235)	(3,662)
Recoveries	92	505	313	1,128
Provision for (Reduction of)	1,398	(906)	1,339	682
Ending Balance	11,660	7,225	11,660	7,225
Commercial loans | Premium wine
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance	3,738	4,504	3,914	5,492
Charge-offs	(584)	(449)	(584)	(449)
Recoveries	187	590	265	730
Provision for (Reduction of)	55	(636)	(199)	(1,764)
Ending Balance	3,396	4,009	3,396	4,009
Commercial loans | Commercial Other Financing Receivable
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance	4,802	6,433	5,817	5,318
Charge-offs	(286)	(2,855)	(2,456)	(2,867)
Recoveries	1,107	337	1,151	407
Provision for (Reduction of)	(681)	1,954	430	3,011
Ending Balance	4,942	5,869	4,942	5,869
Consumer loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance	9,103	9,266	7,581	10,523
Charge-offs	(607)		(607)
Recoveries	331	160	560	559
Provision for (Reduction of)	(924)	(596)	369	(2,252)
Ending Balance	$ 7,903	$ 8,830	$ 7,903	$ 8,830

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Reconciliation of Basic EPS to Diluted EPS (Detail) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended			6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011		Jun. 30, 2012	Jun. 30, 2011
Numerator:
Net income available to common stockholders	$ 47,603	$ 65,750		$ 82,393	$ 98,757
Denominator:
Weighted average common shares outstanding-basic	44,207	42,924		43,994	42,704
3.875% Convertible Notes		61	[1]		77	[1]
Denominator for diluted calculation	44,712	43,740		44,573	43,559
Earnings per common share:
Basic	$ 1.08	$ 1.53		$ 1.87	$ 2.31
Diluted	$ 1.06	$ 1.50		$ 1.85	$ 2.27
Stock options and ESPP
Denominator:
Weighted average effect of dilutive securities	385	654		426	678
Restricted stock units
Denominator:
Weighted average effect of dilutive securities	120	101		153	100

[1] Our $250 million 3.875% Convertible Notes matured on April 15, 2011.

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Recorded Investment in Loans Modified in TDRs within Previous 12 months Subsequently Defaulted (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Financing Receivable, Modifications [Line Items]
TDRs modified within the previous 12 months that defaulted in the period	$ 3,600	$ 3,321	$ 3,700	$ 3,321
Commercial loans
Financing Receivable, Modifications [Line Items]
TDRs modified within the previous 12 months that defaulted in the period	2,311	3,321	2,411	3,321
Commercial loans | Software
Financing Receivable, Modifications [Line Items]
TDRs modified within the previous 12 months that defaulted in the period			100
Commercial loans | Hardware
Financing Receivable, Modifications [Line Items]
TDRs modified within the previous 12 months that defaulted in the period	452	3,321	452	3,321
Commercial loans | Premium wine
Financing Receivable, Modifications [Line Items]
TDRs modified within the previous 12 months that defaulted in the period	1,859		1,859
Consumer loans
Financing Receivable, Modifications [Line Items]
TDRs modified within the previous 12 months that defaulted in the period	1,289		1,289
Consumer loans | Other loans
Financing Receivable, Modifications [Line Items]
TDRs modified within the previous 12 months that defaulted in the period	$ 1,289		$ 1,289

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Related Parties

6 Months Ended

Jun. 30, 2012

Related Parties

15. Related Parties

During the six months ended June 30, 2012, the Bank made loans to related parties, including certain companies in which certain of our directors or their affiliated venture funds are beneficial owners of ten percent or more of the equity securities of such companies. Such loans: (a) were made in the ordinary course of business; (b) were made on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with other persons; and (c) did not involve more than the normal risk of collectability or present other unfavorable features. Additionally, we also provide real estate secured loans to eligible employees through our EHOP.

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Reconciliation of Basic EPS to Diluted EPS (Parenthetical) (Detail) (3.875% Convertible Notes, USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2012
3.875% Convertible Notes
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]
Principal value	$ 250,000
Debt instrument maturity date	Apr. 15, 2011

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Stockholders' Equity and EPS (Tables)

6 Months Ended

Jun. 30, 2012

Reconciliation of Basic EPS to Diluted EPS

The following is a reconciliation of basic EPS to diluted EPS for the three and six months ended June 30, 2012 and 2011:

	Three months ended June 30,				Six months ended June 30,
(Dollars and shares in thousands,  except per share amounts)	2012		2011		2012		2011
Numerator:
Net income available to common stockholders	$	47,603	$	65,750	$	82,393	$	98,757
Denominator:
Weighted average common shares outstanding-basic		44,207		42,924		43,994		42,704
Weighted average effect of dilutive securities:
Stock options and ESPP		385		654		426		678
Restricted stock units		120		101		153		100
3.875% Convertible Notes (1)		-		61		-		77
Denominator for diluted calculation		44,712		43,740		44,573		43,559
Earnings per common share:
Basic	$	1.08	$	1.53	$	1.87	$	2.31
Diluted	$	1.06	$	1.50	$	1.85	$	2.27

(1) Our $250 million 3.875% Convertible Notes matured on April 15, 2011.

Common Shares Excluded from Diluted EPS Calculation as They Were Deemed to be Anti-Dilutive

The following table summarizes the weighted-average common shares excluded from the diluted EPS calculation as they were deemed to be antidilutive for the three and six months ended June 30, 2012 and 2011:

	Three months ended June 30,				Six months ended June 30,
(Shares in thousands)	2012		2011		2012		2011
Stock options		683		582		574		574
Restricted stock units		189		158		94		99
Total		872		740		668		673

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Short-Term Borrowings and Long-Term Debt - Additional Information (Detail) (USD $)	3 Months Ended		6 Months Ended		3 Months Ended	6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2011 3.875% Convertible Notes	Jun. 30, 2012 3.875% Convertible Notes	Jun. 30, 2012 5.70% Senior Notes		Jun. 01, 2012 5.70% Senior Notes	Dec. 31, 2011 5.70% Senior Notes	Jun. 30, 2012 Federal Home Loan Bank Advances San Francisco	Jun. 30, 2012 Federal Reserve Bank Advances
Debt Disclosure [Line Items]
Interest expense, debt	$ 6,270,000	$ 7,149,000	$ 12,626,000	$ 17,846,000	$ 700,000	$ 4,200,000
Weighted average interest rates associated with short-term borrowings	0.14%		0.14%
Senior Notes matured and repaid									141,400,000
Principal value						250,000,000
Debt instrument maturity date						Apr. 15, 2011	Jun. 01, 2012	[1]
Stated interest rate						3.875%	5.70%			5.70%
Effective interest rate					6.84%	5.92%
Market value of collateral pledged											1,500,000,000	635,000,000
Unused and available funds,FHLB											1,500,000,000
Unused and available funds												$ 635,000,000

[1] At December 31, 2011, included in the carrying value of our 5.70% Senior Notes was $2.6 million related to the fair value of the interest rate swap associated with the notes.

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Interim Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
Cash flows from operating activities:
Net income before noncontrolling interests	$ 97,011	$ 162,827
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for (reduction of) loan losses	22,528	(2,913)
Provision for unfunded credit commitments	1,664	76
Changes in fair values of derivatives, net	(11,024)	(13,211)
Gains on investment securities, net	(33,648)	(123,017)
Depreciation and amortization	13,594	13,834
Amortization of premiums and discounts on available-for-sale securities, net	25,273	8,904
Tax benefit from stock exercises	1,143	759
Amortization of share-based compensation	10,977	8,949
Amortization of deferred loan fees	(32,881)	(28,458)
Deferred income tax expense	5,876	2,423
Gain on the sale of certain assets related to our equity services management business	(4,243)
Net gain from note repurchases and termination of corresponding interest rate swaps		(3,123)
Changes in other assets and liabilities:
Accrued interest receivable and payable, net	(4,444)	(8,348)
Accounts receivable and payable, net	22,886	78,593
Income tax payable and receivable, net	(15,715)	3,854
Prepaid FDIC assessments and amortization	5,065	5,082
Accrued compensation	(60,192)	(12,535)
Foreign exchange spot contracts, net	(43,405)	65,536
Other, net	(6,567)	12,574
Net cash (used for) provided by operating activities	(6,102)	171,806
Cash flows from investing activities:
Purchases of available-for-sale securities	(1,778,451)	(4,334,481)
Proceeds from sales of available-for-sale securities	325,608	1,414,096
Proceeds from maturities and pay downs of available-for-sale securities	1,380,865	1,322,555
Purchases of nonmarketable securities (cost and equity method accounting)	(101,506)	(28,355)
Proceeds from sales of nonmarketable securities (cost and equity method accounting)	23,267	13,888
Purchases of nonmarketable securities (fair value accounting)	(63,017)	(82,574)
Proceeds from sales and distributions of nonmarketable securities (fair value accounting)	59,711	45,855
Net increase in loans	(817,601)	(449,114)
Proceeds from recoveries of charged-off loans	6,811	11,056
Purchases of premises and equipment	(20,016)	(12,843)
Proceeds from the sale of certain assets related to our equity services management business	2,870
Net cash used for investing activities	(981,459)	(2,099,917)
Cash flows from financing activities:
Net increase in deposits	1,359,276	1,941,533
Increase (decrease) in short-term borrowings	5,880	(37,245)
Principal payments of other long term debt	(1,222)
Capital contributions from noncontrolling interests, net of distributions	33,350	41,160
Tax benefit from stock exercises	4,180	4,804
Proceeds from issuance of common stock and ESPP	24,303	26,130
Principal payments of 5.70% Senior Notes	(141,429)
Payments for repurchases of portions of 5.70% Senior Notes and 6.05% Subordinated Notes, including repurchase premiums and associated fees		(346,443)
Proceeds from termination of portions of interest rate swaps associated with 5.70% Senior Notes and 6.05% Subordinated Notes		36,959
Payments for settlement of 3.875% Convertible Notes		(250,000)
Net cash provided by financing activities	1,284,338	1,416,898
Net increase (decrease) in cash and cash equivalents	296,777	(511,213)
Cash and cash equivalents at beginning of period	1,114,948	3,076,432
Cash and cash equivalents at end of period	1,411,725	2,565,219
Cash paid during the period for:
Interest	15,913	25,625
Income taxes	58,992	53,336
Noncash items during the period:
Unrealized gains (losses) on available-for-sale securities, net of tax	$ 19,987	$ 22,117

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Interim Consolidated Balance Sheets (Parenthetical) (USD $)	Jun. 30, 2012	Dec. 31, 2011
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	20,000,000	20,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	150,000,000	150,000,000
Common stock, shares outstanding	44,402,954	43,507,932

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Segment Reporting

6 Months Ended

Jun. 30, 2012

Segment Reporting

10. Segment Reporting

We have three reportable segments for management reporting purposes: Global Commercial Bank, SVB Private Bank and SVB Capital. The results of our operating segments are based on our internal management reporting process.

Our operating segments’ primary source of revenue is from net interest income, which is primarily the difference between interest earned on loans, net of funds transfer pricing (“FTP”), and interest paid on deposits, net of FTP. Accordingly, our segments are reported using net interest income, net of FTP. FTP is an internal measurement framework designed to assess the financial impact of a financial institution’s sources and uses of funds. It is the mechanism by which an earnings credit is given for deposits raised, and an earnings charge is made for funded loans. Effective January 1, 2012, FTP is calculated at an instrument level based on account characteristics. Prior to January 1, 2012, FTP was calculated by applying a transfer rate to pooled, or aggregated, loan and deposit volumes. We have reclassified all prior period amounts to conform to the current period’s methodology and presentation.

We also evaluate performance based on provision for loan losses, noninterest income and noninterest expense, which are presented as components of segment operating profit or loss. In calculating each operating segment’s noninterest expense, we consider the direct costs incurred by the operating segment as well as certain allocated direct costs. As part of this review, we allocate certain corporate overhead costs to a corporate account. We do not allocate income taxes to our segments. Additionally, our management reporting model is predicated on average asset balances; therefore, period-end asset balances are not presented for segment reporting purposes. Changes in an individual client’s primary relationship designation have resulted, and in the future may result, in the inclusion of certain clients in different segments in different periods.

Unlike financial reporting, which benefits from the comprehensive structure provided by GAAP, our internal management reporting process is highly subjective, as there is no comprehensive, authoritative guidance for management reporting. Our management reporting process measures the performance of our operating segments based on our internal operating structure, which is subject to change from time to time, and is not necessarily comparable with similar information for other financial services companies.

The following is a description of the services that our three reportable segments provide:

• Global Commercial Bank provides solutions to the financial needs of commercial clients through lending, deposit products, cash management services, and global banking and trade products and services. It also serves the needs of our non-U.S. clients with global banking products, including loans, deposits and global finance, in key foreign entrepreneurial markets, where applicable. Our Global Commercial Bank segment is comprised of results from our Commercial Bank, and also includes SVB Specialty Lending, SVB Analytics and our Debt Fund Investments. (For further description of these operating segments, refer to Note 20—“Segment Reporting” under Part II, Item 8 of our 2011 Form 10-K.) As a result of the change in FTP methodology discussed above, our Global Commercial Bank segment’s total net interest income for the three and six months ended June 30, 2011 was increased by $17.2 million and $34.3 million, respectively (offset is included within “Other Items”), due to the reclassification of all prior periods to reflect the current period’s methodology and presentation.

• SVB Private Bank provides banking products and a range of credit services primarily to venture capital/private equity professionals using both long-term secured and short-term unsecured lines of credit.

• SVB Capital is the venture capital investment arm of SVBFG, which focuses primarily on funds management. SVB Capital manages funds (primarily venture capital funds) on behalf of third party limited partners and SVB Financial Group. The SVB Capital family of funds is comprised of funds of funds and direct venture funds. SVB Capital generates income for the Company primarily through management fees, carried interest arrangements and returns through the Company’s investments in the funds.

The summary financial results of our operating segments are presented along with a reconciliation to our consolidated interim results. The Other Items column reflects the adjustments necessary to reconcile the results of the operating segments to the consolidated financial statements prepared in conformity with GAAP. Noninterest income in the Other Items column is primarily attributable to noncontrolling interests and gains (losses) on equity warrant assets. Noninterest expense in the Other Items column primarily consists of expenses associated with corporate support functions such as finance, human resources, marketing, legal and other expenses. Additionally, average assets in the Other Items column primarily consists of cash and cash equivalents.

Our segment information for the three and six months ended June 30, 2012 and 2011 is as follows:

(Dollars in thousands)	Global Commercial Bank (1)		SVB Private   Bank		SVB   Capital (1)		Other             Items		Total
Three months ended June 30, 2012
Net interest income (loss)	$	146,420	$	5,516	$	9	$	(11)	$	151,934
(Provision for) reduction of loan losses		(8,923)		924		-		-		(7,999)
Noninterest income		52,494		151		4,557		23,224		80,426
Noninterest expense (2)		(98,478)		(3,356)		(2,872)		(31,060)		(135,766)
Income (loss) before income tax expense (3)	$	91,513	$	3,235	$	1,694	$	(7,847)	$	88,595
Total average loans, net of unearned income	$	6,479,544	$	742,130	$	-	$	15,508	$	7,237,182
Total average assets (4)		19,023,230		747,445		251,295		868,906		20,890,876
Total average deposits		17,131,816		253,482		-		22,338		17,407,636
Three months ended June 30, 2011
Net interest income	$	125,695	$	4,653	$	3	$	102	$	130,453
(Provision for) reduction of loan losses		(730)		596		-		-		(134)
Noninterest income		36,551		136		6,716		80,305		123,708
Noninterest expense (2)		(84,702)		(2,477)		(3,111)		(30,742)		(121,032)
Income before income tax expense (3)	$	76,814	$	2,908	$	3,608	$	49,665	$	132,995
Total average loans, net of unearned income	$	4,822,497	$	642,287	$	-	$	68,047	$	5,532,831
Total average assets (4)		16,805,670		642,744		232,381		573,736		18,254,531
Total average deposits		15,099,789		156,765		-		13,185		15,269,739
Six months ended June 30, 2012
Net interest income	$	289,684	$	10,481	$	16	$	2,690	$	302,871
Provision for loan losses		(22,159)		(369)		-		-		(22,528)
Noninterest income		92,422		308		8,144		38,845		139,719
Noninterest expense (2)		(194,734)		(6,589)		(5,408)		(61,047)		(267,778)
Income (loss) before income tax expense (3)	$	165,213	$	3,831	$	2,752	$	(19,512)	$	152,284
Total average loans, net of unearned income	$	6,255,450	$	740,049	$	-	$	25,266	$	7,020,765
Total average assets (4)		18,790,252		744,703		254,835		771,919		20,561,709
Total average deposits		16,916,965		246,991		-		22,744		17,186,700
Six months ended June 30, 2011
Net interest income (loss)	$	246,515	$	9,054	$	4	$	(4,821)	$	250,752
Reduction of provision for loan losses		661		2,252		-		-		2,913
Noninterest income		71,415		223		14,006		128,018		213,662
Noninterest expense (2)		(170,582)		(4,480)		(6,253)		(57,152)		(238,467)
Income before income tax expense (3)	$	148,009	$	7,049	$	7,757	$	66,045	$	228,860
Total average loans, net of unearned income	$	4,766,104	$	613,467	$	-	$	43,480	$	5,423,051
Total average assets (4)		16,502,986		613,734		222,570		763,918		18,103,208
Total average deposits		14,803,648		153,520		-		12,638		14,969,806

(1) Global Commercial Bank’s and SVB Capital’s components of net interest income (loss), noninterest income, noninterest expense and total average assets are shown net of noncontrolling interests for all periods presented.

(2) The Global Commercial Bank segment includes direct depreciation and amortization of $3.6 million and $2.7 million for the three months ended June 30, 2012 and 2011, respectively, and $7.0 million and $5.6 million for the six months ended June 30, 2012 and 2011, respectively.

(3) 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.

(4) Total average assets equals the greater of total average assets or the sum of total liabilities and total stockholders’ equity for each segment.

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Summary of Estimated Fair Values of Financial Instruments not Carried at Fair Value (Parenthetical) (Detail) (Interest rate swaps, USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
5.70% Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of the interest rate swap associated with the notes		$ 2,600
6.05% Subordinated Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of the interest rate swap associated with the notes	9,300	8,800
Carrying Amount | 5.70% Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of the interest rate swap associated with the notes		2,600
Carrying Amount | 6.05% Subordinated Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of the interest rate swap associated with the notes	9,300	8,800
Estimated Fair Value | 5.70% Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of the interest rate swap associated with the notes		2,600
Estimated Fair Value | 6.05% Subordinated Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of the interest rate swap associated with the notes	$ 9,300	$ 8,800

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Fair Value of Financial Instruments - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	Jun. 30, 2012	Jun. 30, 2011
Fair Value of Financial Instruments [Line Items]
Fair value transfer from Level 2 to level 1	$ 0	$ 0
Fair value transfer from Level 3 to level 2	$ 0.6

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Document and Entity Information	6 Months Ended
	Jun. 30, 2012	Jul. 31, 2012
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2012
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	Q2
Trading Symbol	SIVB
Entity Registrant Name	SVB FINANCIAL GROUP
Entity Central Index Key	0000719739
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		44,410,239

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Off-Balance Sheet Arrangements, Guarantees and Other Commitments

6 Months Ended

Jun. 30, 2012

Off-Balance Sheet Arrangements, Guarantees and Other Commitments

11. Off-Balance Sheet Arrangements, Guarantees and Other Commitments

In the normal course of business, we use financial instruments with off-balance sheet risk to meet the financing needs of our customers. These financial instruments include commitments to extend credit, commercial and standby letters of credit and commitments to invest in venture capital and private equity fund investments. These instruments involve credit risk to varying degrees. Credit risk is defined as the possibility of sustaining a loss because other parties to the financial instrument fail to perform in accordance with the terms of the contract.

Commitments to Extend Credit

The following table summarizes information related to our commitments to extend credit at June 30, 2012 and December 31, 2011:

(Dollars in thousands)	June 30, 2012		December 31, 2011
Loan commitments available for funding: (1)
Fixed interest rate commitments	$	834,431	$	658,377
Variable interest rate commitments		7,096,370		6,548,002
Total loan commitments available for funding		7,930,801		7,206,379
Commercial and standby letters of credit (2)		821,904		861,191
Total unfunded credit commitments	$	8,752,705	$	8,067,570
Commitments unavailable for funding (3)	$	882,458	$	841,439
Maximum lending limits for accounts receivable factoring arrangements (4)		847,757		747,392
Reserve for unfunded credit commitments (5)		23,476		21,811

(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) We extend credit under accounts receivable factoring arrangements when our clients’ sales invoices are deemed creditworthy under existing underwriting practices.

(5) Our reserve for unfunded credit commitments includes an allowance for both our unfunded loan commitments and our letters of credit.

Commercial and Standby Letters of Credit

The table below summarizes our commercial and standby letters of credit at June 30, 2012. 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	$	646,170	$	107,677	$	753,847	$	753,847
Performance standby letters of credit		52,523		11,903		64,426		64,426
Commercial letters of credit		3,631		-		3,631		3,631
Total	$	702,324	$	119,580	$	821,904	$	821,904

At June 30, 2012 and December 31, 2011, deferred fees related to financial and performance standby letters of credit were $5.3 million and $6.1 million, respectively. At June 30, 2012, collateral in the form of cash of $332.3 million and available-for-sale securities of $12.3 million were available to us to reimburse losses, if any, under financial and performance standby letters of credit.

Commitments to Invest in Venture Capital and Private Equity Funds

We make commitments to invest in venture capital and private equity funds, which in turn make investments generally in, or in some cases make loans to, privately-held companies. Commitments to invest in these funds are generally made for a ten-year period from the inception of the fund. Although the limited partnership agreements governing these investments typically do not restrict the general partners from calling 100% of committed capital in one year, it is customary for these funds to generally call most of the capital commitments over five to seven years; however in certain cases, the funds may not call 100% of committed capital over the life of the fund. The actual timing of future cash requirements to fund these commitments is generally dependent upon the investment cycle, overall market conditions, and the nature and type of industry in which the privately held companies operate. The following table details our total capital commitments, unfunded capital commitments, and our ownership in each fund at June 30, 2012:

Our Ownership in Limited Partnership  (Dollars in thousands)	SVBFG Capital     Commitments		SVBFG Unfunded     Commitments		SVBFG Ownership   of each Fund
Silicon Valley BancVentures, LP	$	6,000	$	270		10.7	%
SVB Capital Partners II, LP (1)		1,200		162		5.1
SVB India Capital Partners I, LP		7,750		1,263		14.4
SVB Capital Shanghai Yangpu Venture Capital Fund		913		157		6.8
SVB Strategic Investors Fund, LP		15,300		688		12.6
SVB Strategic Investors Fund II, LP		15,000		1,200		8.6
SVB Strategic Investors Fund III, LP		15,000		2,700		5.9
SVB Strategic Investors Fund IV, LP		12,239		4,896		5.0
Strategic Investors Fund V Funds		1,000		933		Various
SVB Capital Preferred Return Fund, LP		12,687		-		20.0
SVB Capital—NT Growth Partners, LP		24,670		1,340		33.0
Other private equity fund (2)		9,338		-		58.2
Partners for Growth, LP		25,000		9,750		50.0
Partners for Growth II, LP		15,000		4,950		24.2
Gold Hill Venture Lending 03, LP (3)		20,000		-		9.3
Other fund investments (4)		331,772		73,268		Various
Total	$	512,869	$	101,577

(1) Our ownership includes 1.3 percent direct ownership through SVB Capital Partners II, LLC and SVB Financial, and 3.8 percent indirect ownership through our investment in SVB Strategic Investors Fund II, LP.

(2) Our ownership includes 41.5 percent direct ownership and indirect ownership interest of 12.6 percent and 4.1 percent in the fund through our ownership interest of SVB Capital - NT Growth Partners, LP and SVB Capital Preferred Return Fund, LP, respectively.

(3) Our ownership includes 4.8 percent direct ownership and 4.5 percent indirect ownership interest through GHLLC.

(4) Represents commitments to 332 funds (primarily venture capital funds) where our ownership interest is generally less than 5 percent of the voting interests of each such fund.

The following table details the total remaining unfunded commitments to the venture capital and private equity funds by our consolidated managed funds of funds (including our interest and the noncontrolling interests) at June 30, 2012:

Limited Partnership  (Dollars in thousands)	Unfunded     Commitments
SVB Strategic Investors Fund, LP	$	2,307
SVB Strategic Investors Fund II, LP		11,243
SVB Strategic Investors Fund III, LP		48,147
SVB Strategic Investors Fund IV, LP		114,552
Strategic Investors Fund V Funds		153,160
SVB Capital Preferred Return Fund, LP		20,299
SVB Capital—NT Growth Partners, LP		22,882
Other private equity fund		4,447
Total	$	377,037

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Off-Balance Sheet Arrangements, Guarantees and Other Commitments - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	6 Months Ended
	Jun. 30, 2012 Venture capital and private equity fund investments	Jun. 30, 2012 Venture capital and private equity fund investments Lower Limit	Jun. 30, 2012 Venture capital and private equity fund investments Upper Limit	Jun. 30, 2012 Standby Letter of Credit	Dec. 31, 2011 Standby Letter of Credit
Commitments and Contingencies Disclosure [Line Items]
Deferred fees				$ 5.3	$ 6.1
Collateral in the form of cash				332.3
Collateral in the form of investment securities				$ 12.3
Commitments to invest, period from the inception of the fund	10 years
Expected commitment period to invest in venture capital and private equity funds (in years)		5 years	7 years

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Quantitative Information About Significant Unobservable Inputs (Parenthetical) (Detail) (Other assets, Equity Warrant Asset)	Jun. 30, 2012 Year
Other assets | Equity Warrant Asset
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Weighted average contractual remaining term	6.5
Estimated remaining life	2.6

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Interim Consolidated Statements of Income (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended				6 Months Ended
	Jun. 30, 2012		Jun. 30, 2011		Jun. 30, 2012		Jun. 30, 2011
Interest income:
Loans	$ 113,935		$ 93,466		$ 223,396		$ 183,242
Available-for-sale securities:
Taxable	44,072		44,217		91,447		85,599
Non-taxable	899		883		1,799		1,824
Federal funds sold, securities purchased under agreements to resell and other short-term investment securities	912		1,595		1,950		3,597
Total interest income	159,818		140,161		318,592		274,262
Interest expense:
Deposits	1,614		2,559		3,095		5,664
Borrowings	6,270		7,149		12,626		17,846
Total interest expense	7,884		9,708		15,721		23,510
Net interest income	151,934		130,453		302,871		250,752
Provision for (reduction of) loan losses	7,999		134		22,528		(2,913)
Net interest income after provision for loan losses	143,935		130,319		280,343		253,665
Noninterest income:
Gains on investment securities, net	25,809		71,680		33,648		123,017
Foreign exchange fees	12,031		10,354		24,134		20,851
Deposit service charges	8,369		7,838		16,465		14,955
Gains on derivative instruments, net	8,713		13,651		14,689		14,202
Credit card fees	6,169		4,364		11,837		8,181
Letters of credit and standby letters of credit income	3,296		2,702		6,932		5,412
Client investment fees	3,375		3,107		6,272		6,768
Other	12,664		10,012		25,742		20,276
Total noninterest income	80,426		123,708		139,719		213,662
Noninterest expense:
Compensation and benefits	80,385		79,888		164,122		155,520
Professional services	16,514		13,891		31,121		26,878
Premises and equipment	9,419		6,440		16,983		12,352
Business development and travel	7,159		5,890		14,905		11,543
Net occupancy	5,378		4,546		11,001		9,196
Correspondent bank fees	2,840		2,202		5,528		4,365
FDIC assessments	2,731		2,163		5,229		5,638
Provision for unfunded credit commitments	1,922		976		1,664		76
Other	9,418		5,036		17,225		12,899
Total noninterest expense	135,766	[1]	121,032	[1]	267,778	[1]	238,467	[1]
Income (loss) before income tax expense	88,595	[2]	132,995	[2]	152,284	[2]	228,860	[2]
Income tax expense	31,517		43,263		55,273		66,033
Net income before noncontrolling interests	57,078		89,732		97,011		162,827
Net income attributable to noncontrolling interests	(9,475)		(23,982)		(14,618)		(64,070)
Net income available to common stockholders	$ 47,603		$ 65,750		$ 82,393		$ 98,757
Earnings per common share-basic	$ 1.08		$ 1.53		$ 1.87		$ 2.31
Earnings per common share-diluted	$ 1.06		$ 1.50		$ 1.85		$ 2.27

[1] The Global Commercial Bank segment includes direct depreciation and amortization of $3.6 million and $2.7 million for the three months ended June 30, 2012 and 2011, respectively, and $7.0 million and $5.6 million for the six months ended June 30, 2012 and 2011, respectively.

[2] 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.

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Investment Securities

6 Months Ended

Jun. 30, 2012

Investment Securities

5. Investment Securities

Our investment securities portfolio consists of both an available-for-sale securities portfolio, which represents interest-earning investment securities, and a non-marketable securities portfolio, which primarily represents investments managed as part of our funds management business.

The major components of our investment securities portfolio at June 30, 2012 and December 31, 2011 are as follows:

	June 30, 2012								December 31, 2011
(Dollars in thousands)	Amortized Cost		Unrealized Gains		Unrealized Losses		Carrying Value		Amortized Cost		Unrealized Gains		Unrealized Losses		Carrying Value
Available-for-sale securities, at fair value:
U.S. treasury securities	$	25,146	$	453	$	-	$	25,599	$	25,233	$	731	$	-	$	25,964
U.S. agency debentures		2,571,796		68,328		-		2,640,124		2,822,158		52,864		(90)		2,874,932
Residential mortgage-backed securities:
Agency-issued mortgage-backed securities		1,668,523		45,276		-		1,713,799		1,529,466		34,926		(106)		1,564,286
Agency-issued collateralized mortgage obligations—fixed rate		3,751,327		54,283		(1,399)		3,804,211		3,317,285		56,546		(71)		3,373,760
Agency-issued collateralized mortgage obligations—variable rate		2,103,451		5,081		(83)		2,108,449		2,416,158		1,554		(4,334)		2,413,378
Agency-issued commercial mortgage-backed securities		223,200		4,880		-		228,080		176,646		2,047		-		178,693
Municipal bonds and notes		91,659		8,035		-		99,694		92,241		8,257		-		100,498
Equity securities		1,352		26		(383)		995		5,554		180		(1,199)		4,535
Total available-for-sale securities	$	10,436,454	$	186,362	$	(1,865)	$	10,620,951	$	10,384,741	$	157,105	$	(5,800)	$	10,536,046
Non-marketable securities:
Non-marketable securities (fair value accounting):
Venture capital and private equity fund investments (1)								639,596								611,824
Other venture capital investments (2)								120,111								124,121
Other investments (3)								-								987
Non-marketable securities (equity method accounting):
Other investments (4)								138,993								68,252
Low income housing tax credit funds								58,698								34,894
Non-marketable securities (cost method accounting):
Venture capital and private equity fund investments (5)								153,618								145,007
Other investments								21,296								19,355
Total non-marketable securities								1,132,312								1,004,440
Total investment securities							$	11,753,263							$	11,540,486

(1) The following table shows the amount of venture capital and private equity fund investments by the following consolidated funds and our ownership of each fund at June 30, 2012 and December 31, 2011:

	June 30, 2012					December 31, 2011
(Dollars in thousands)	Amount		Ownership %			Amount		Ownership %
SVB Strategic Investors Fund, LP	$	36,694		12.6	%	$	39,567		12.6	%
SVB Strategic Investors Fund II, LP		109,343		8.6			122,619		8.6
SVB Strategic Investors Fund III, LP		213,405		5.9			218,429		5.9
SVB Strategic Investors Fund IV, LP		146,477		5.0			122,076		5.0
Strategic Investors Fund V, LP		18,134		0.2			8,838		0.3
SVB Capital Preferred Return Fund, LP		50,573		20.0			42,580		20.0
SVB Capital—NT Growth Partners, LP		57,588		33.0			43,958		33.0
SVB Capital Partners II, LP (i)		863		5.1			2,390		5.1
Other private equity fund (ii)		6,519		58.2			11,367		58.2
Total venture capital and private equity fund investments	$	639,596				$	611,824

(i) At June 30, 2012, we had a direct ownership interest of 1.3 percent and an indirect ownership interest of 3.8 percent in the fund through our ownership interest of SVB Strategic Investors Fund II, LP.

(ii) At June 30, 2012, we had a direct ownership interest of 41.5 percent and indirect ownership interests of 12.6 percent and 4.1 percent in the fund through our ownership interest of SVB Capital—NT Growth Partners, LP and SVB Capital Preferred Return Fund, LP, respectively.

(2) The following table shows the amount of other venture capital investments by the following consolidated funds and our ownership of each fund at June 30, 2012 and December 31, 2011:

	June 30, 2012					December 31, 2011
(Dollars in thousands)	Amount		Ownership %			Amount		Ownership %
Silicon Valley BancVentures, LP	$	16,739		10.7	%	$	17,878		10.7	%
SVB Capital Partners II, LP (i)		59,256		5.1			61,099		5.1
SVB India Capital Partners I, LP		40,668		14.4			42,832		14.4
SVB Capital Shanghai Yangpu Venture Capital Fund		3,448		6.8			2,312		6.8
Total other venture capital investments	$	120,111				$	124,121

(i) At June 30, 2012, we had a direct ownership interest of 1.3 percent and an indirect ownership interest of 3.8 percent in the fund through our ownership of SVB Strategic Investors Fund II, LP.

(3) Other investments within non-marketable securities (fair value accounting) include our ownership in Partners for Growth, LP, a consolidated debt fund. At June 30, 2012, we had a majority ownership interest of slightly more than 50.0 percent in the fund. Partners for Growth, LP is managed by a third party and we do not have an ownership interest in the general partner of this fund.

(4) The following table shows the carrying value and our ownership percentage of each investment at June 30, 2012 and December 31, 2011:

	June 30, 2012					December 31, 2011
(Dollars in thousands)	Amount		Ownership %			Amount		Ownership %
Gold Hill Venture Lending 03, LP (i)	$	6,238		9.3	%	$	16,072		9.3	%
Gold Hill Capital 2008, LP (ii)		19,553		15.5			19,328		15.5
Partners for Growth II, LP		3,551		24.2			3,785		24.2
China Joint Venture investment (iii)		79,524		50.0			-		-
Other investments		30,127		N/A			29,067		N/A
Total other investments	$	138,993				$	68,252

(i) At June 30, 2012, we had a direct ownership interest of 4.8 percent in the fund and an indirect interest in the fund through our investment in Gold Hill Venture Lending Partners 03, LLC (“GHLLC”) of 4.5 percent. Our aggregate direct and indirect ownership in the fund is 9.3 percent.

(ii) At June 30, 2012, we had a direct ownership interest of 11.5 percent in the fund and an indirect interest in the fund through our investment in Gold Hill Capital 2008, LLC of 4.0 percent. Our aggregate direct and indirect ownership in the fund is 15.5 percent.

(iii) On May 3, 2012, we contributed $79.7 million to SPD Silicon Valley Bank Co., Ltd., our joint venture bank in China.

(5) Represents investments in 326 and 329 funds (primarily venture capital funds) at June 30, 2012 and December 31, 2011, respectively, where our ownership interest is less than 5% of the voting interests of each such fund and in which we do not have the ability to exercise significant influence over the partnerships operating and financial policies. For the three months ended June 30, 2012, we recognized OTTI losses of $0.2 million resulting from other-than-temporary declines in value for 12 of the 326 investments. For the six months ended June 30, 2012, we recognized OTTI losses of $0.5 million resulting from other-than-temporary declines in value for 30 of the 326 investments. The OTTI losses are included in net gains on investment securities, a component of noninterest income. We concluded that any declines in value for the remaining 296 investments were temporary and as such, no OTTI was required to be recognized. At June 30, 2012, the carrying value of these venture capital and private equity fund investments (cost method accounting) was $153.6 million, and the estimated fair value was $185.3 million.

The following table summarizes our unrealized losses on our available-for-sale securities portfolio into categories of less than 12 months, or 12 months or longer as of June 30, 2012:

	June 30, 2012
	Less than 12 months				12 months or longer				Total
(Dollars in thousands)	Fair Value of Investments		Unrealized Losses		Fair Value of Investments		Unrealized Losses		Fair Value of Investments		Unrealized Losses
Residential mortgage-backed securities:
Agency-issued collateralized mortgage obligations—fixed rate	$	425,171	$	(1,399)	$	-	$	-	$	425,171	$	(1,399)
Agency-issued collateralized mortgage obligations—variable rate		182,847		(74)		43,153		(9)		226,000		(83)
Equity securities		162		(178)		243		(205)		405		(383)
Total temporarily impaired securities (1)	$	608,180	$	(1,651)	$	43,396	$	(214)	$	651,576	$	(1,865)

(1) As of June 30, 2012, we identified a total of 33 investments that were in unrealized loss positions, of which five investments totaling $43.4 million with unrealized losses of $0.2 million has been in an impaired position for a period of time greater than 12 months. As of June 30, 2012, we do not intend to sell any impaired debt securities prior to recovery of our adjusted cost basis, and it is more likely than not that we will not be required to sell any of our securities prior to recovery of our adjusted cost basis. Based on our analysis as of June 30, 2012, we deem all impairments to be temporary, and therefore changes in value for our temporarily impaired securities as of the same date are included in other comprehensive income. Market valuations and impairment analyses on assets in the available-for-sale securities portfolio are reviewed and monitored on a quarterly basis.

The following table summarizes our unrealized losses on our available-for-sale securities portfolio into categories of less than 12 months, or 12 months or longer as of December 31, 2011:

	December 31, 2011
	Less than 12 months				12 months or longer				Total
(Dollars in thousands)	Fair Value of Investments		Unrealized Losses		Fair Value of Investments		Unrealized Losses		Fair Value of Investments		Unrealized Losses
U.S. agency debentures	$	50,994	$	(90)	$	-	$	-	$	50,994	$	(90)
Residential mortgage-backed securities:
Agency-issued mortgage-backed securities		54,588		(106)		-		-		54,588		(106)
Agency-issued collateralized mortgage obligations—fixed rate		50,125		(71)		-		-		50,125		(71)
Agency-issued collateralized mortgage obligations—variable rate		1,521,589		(4,334)		-		-		1,521,589		(4,334)
Equity securities		3,831		(1,199)		-		-		3,831		(1,199)
Total temporarily impaired securities	$	1,681,127	$	(5,800)	$	-	$	-	$	1,681,127	$	(5,800)

The following table summarizes the remaining contractual principal maturities and fully taxable equivalent yields on debt securities classified as available-for-sale as of June 30, 2012. Interest income on certain municipal bonds and notes (non-taxable investments) are presented on a fully taxable equivalent basis using the federal statutory tax rate of 35.0 percent. The weighted average yield is computed using the amortized cost of debt securities, which are reported at fair value. For U.S. treasury securities, the expected maturity is the actual contractual maturity of the notes. Expected remaining maturities for certain U.S. agency debentures may occur earlier than their contractual maturities because the note issuers have the right to call outstanding amounts ahead of their contractual maturity. Expected maturities for mortgage-backed securities may differ significantly from their contractual maturities because mortgage borrowers have the right to prepay outstanding loan obligations with or without penalties. Mortgage-backed securities classified as available-for-sale typically have original contractual maturities from 10 to 30 years whereas expected average lives of these securities tend to be significantly shorter and vary based upon structure.

	June 30, 2012
	Total					One Year or Less					After One Year to Five Years					After Five Years to Ten Years					After Ten Years
(Dollars in thousands)	Carrying Value		Weighted- Average Yield			Carrying Value		Weighted- Average Yield			Carrying Value		Weighted- Average Yield			Carrying Value		Weighted- Average Yield			Carrying Value		Weighted- Average Yield
U.S. treasury securities	$	25,599		2.39	%	$	25,599		2.39	%	$	-		-	%	$	-		-	%	$	-		-	%
U.S. agency debentures		2,640,124		1.61			35,097		2.13			2,474,409		1.53			130,618		3.07			-		-
Residential mortgage-backed securities:
Agency-issued mortgage-backed securities		1,713,799		2.35			-		-			-		-			1,583,036		2.27			130,763		3.28
Agency-issued collateralized mortgage obligations - fixed rate		3,804,211		2.21			-		-			-		-			-		-			3,804,211		2.21
Agency-issued collateralized mortgage obligations - variable rate		2,108,449		0.70			-		-			-		-			-		-			2,108,449		0.70
Agency-issued commercial mortgage-backed securities		228,080		2.09			-		-			-		-			-		-			228,080		2.09
Municipal bonds and notes		99,694		6.00			941		5.20			15,195		5.55			50,166		6.00			33,392		6.24
Total	$	10,619,956		1.82		$	61,637		2.28		$	2,489,604		1.55		$	1,763,820		2.44		$	6,304,895		1.74

The following table presents the components of gains and losses (realized and unrealized) on investment securities for the three and six months ended June 30, 2012 and 2011:

	Three months ended June 30,				Six months ended June 30,
(Dollars in thousands)	2012		2011		2012		2011
Gross gains on investment securities:
Available-for-sale securities, at fair value (1)	$	5,322	$	37,314	$	5,343	$	37,377
Marketable securities (fair value accounting)		3,303		-		3,619		442
Non-marketable securities (fair value accounting):
Venture capital and private equity fund investments		33,288		37,205		59,398		82,704
Other venture capital investments		1,556		2,071		3,333		7,019
Other investments		-		-		21		20
Non-marketable securities (equity method accounting):
Other investments		5,389		3,132		6,811		6,516
Non-marketable securities (cost method accounting):
Venture capital and private equity fund investments		538		801		945		1,056
Other investments		264		2,256		306		2,429
Total gross gains on investment securities		49,660		82,779		79,776		137,563
Gross losses on investment securities:
Available-for-sale securities, at fair value (1)		(755)		(93)		(1,650)		(94)
Marketable securities (fair value accounting)		(754)		(3,307)		(754)		(4,115)
Non-marketable securities (fair value accounting):
Venture capital and private equity fund investments		(18,618)		(4,845)		(32,533)		(6,901)
Other venture capital investments		(3,219)		(1,420)		(9,882)		(1,664)
Non-marketable securities (equity method accounting):
Other investments		(327)		(1,110)		(703)		(1,309)
Non-marketable securities (cost method accounting):
Venture capital and private equity fund investments		(177)		(293)		(540)		(432)
Other investments		(1)		(31)		(66)		(31)
Total gross losses on investment securities		(23,851)		(11,099)		(46,128)		(14,546)
Gains on investment securities, net	$	25,809	$	71,680	$	33,648	$	123,017
Gains attributable to noncontrolling interests, including carried interest	$	14,502	$	26,437	$	21,840	$	69,822

(1) The cost basis of available-for-sale securities sold is determined on a specific identification basis.

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Cash and Cash Equivalents

6 Months Ended

Jun. 30, 2012

Cash and Cash Equivalents

4. Cash and Cash Equivalents

The following table details our cash and cash equivalents at June 30, 2012 and December 31, 2011:

(Dollars in thousands)	June 30, 2012		December 31, 2011
Cash and due from banks (1)	$	1,224,552	$	852,010
Securities purchased under agreements to resell (2)		100,787		175,553
Other short-term investment securities		86,386		87,385
Total cash and cash equivalents	$	1,411,725	$	1,114,948

(1) At June 30, 2012 and December 31, 2011, $662.4 million and $100.1 million, respectively, of our cash and due from banks was deposited at the FRB and was earning interest at the Federal Funds target rate, and interest-earning deposits in other financial institutions were $265.8 million and $371.5 million, respectively.

(2) At June 30, 2012 and December 31, 2011, securities purchased under agreements to resell were collateralized by U.S. treasury securities and U.S. agency securities with aggregate fair values of $102.8 million and $179.1 million, respectively. None of these securities received as collateral were sold or repledged as of June 30, 2012 and December 31, 2011.

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Subsequent Events

6 Months Ended

Jun. 30, 2012

Subsequent Events

16. Subsequent Events

We have evaluated all material subsequent events and determined there are no events that require disclosure.

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Income Taxes

6 Months Ended

Jun. 30, 2012

Income Taxes

12. Income Taxes

We are subject to income tax in the U.S. federal jurisdiction and various state and foreign jurisdictions and have identified our federal tax return and tax returns in California and Massachusetts as “major” tax filings. U.S. federal tax examinations through 1998 have been concluded. Our U.S. federal tax returns for the years 1999 through 2005 were not reviewed and are no longer open to examination by the IRS. Our U.S. federal tax returns for 2006 and subsequent years remain open to examination. Our California tax returns for 2006 and subsequent years remain open to examination. Our Massachusetts tax returns for 2008 and subsequent years remain open to examination.

We are currently under audit examination by the IRS for the 2008 and 2009 tax years, which began in July 2011. To the extent the final tax liabilities are different from the amounts originally accrued, the increases or decreases will be recorded as income tax expense or benefit in the consolidated statements of operations. While the actual outcome is subject to the completion of these audits, we do not believe there will be a material adverse impact on our results of operations.

At June 30, 2012, our unrecognized tax benefit was $0.9 million, the recognition of which would reduce our income tax expense by $0.7 million. We expect that our unrecognized tax benefit will change in the next 12 months; however we do not expect the change to have a significant impact on our financial position or our results of operations.

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Income Taxes - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	6 Months Ended
	Jun. 30, 2012
Income Taxes [Line Items]
Unrecognized tax benefit	0.9
Reduction in income tax expense resulting from recognition of unrecognized tax benefit	0.7
Internal Revenue Service (IRS)
Income Taxes [Line Items]
Tax years open to examination	Our U.S. federal tax returns for 2006 and subsequent years remain open to examination.
Tax years under examination	We are currently under audit examination by the IRS for the 2008 and 2009 tax years, which began in July 2011.
State and Local Jurisdiction
Income Taxes [Line Items]
Tax years open to examination	Our California tax returns for 2006 and subsequent years remain open to examination. Our Massachusetts tax returns for 2008 and subsequent years remain open to examination.

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Derivative Financial Instruments

6 Months Ended

Jun. 30, 2012

Derivative Financial Instruments

8. Derivative Financial Instruments

We primarily use derivative financial instruments to manage interest rate risk, currency exchange rate risk, and to assist customers with their risk management objectives. Also, in connection with negotiating credit facilities and certain other services, we often obtain equity warrant assets giving us the right to acquire stock in private, venture-backed companies in the technology and life science industries.

Interest Rate Risk

Interest rate risk is our primary market risk and can result from timing and volume differences in the repricing of our interest rate-sensitive assets and liabilities and changes in market interest rates. To manage interest rate risk for our 5.70% Senior Notes and 6.05% Subordinated Notes, we entered into fixed-for-floating interest rate swap agreements at the time of debt issuance based upon LIBOR with matched-terms. Prior to our termination of portions of our interest rate swap agreements (discussed below), we used the shortcut method to assess hedge effectiveness and evaluate the hedging relationships for qualification under the shortcut method requirements for each reporting period. Net cash benefits associated with our interest rate swaps were recorded as a reduction in “Interest expense—Borrowings,” a component of net interest income. The fair value of our interest rate swaps was calculated using a discounted cash flow method and adjusted for credit valuation associated with counterparty risk. Increases from changes in fair value were included in other assets and decreases from changes in fair value were included in other liabilities.

In connection with the repurchase of portions of our 5.70% Senior Notes and 6.05% Subordinated Notes in May 2011, we terminated corresponding amounts of the associated interest rate swaps. As a result of these terminations, the remaining portions of the interest rate swaps no longer qualify for the shortcut method to assess hedge effectiveness under ASC 815, Derivatives and Hedging, and are accounted for under the long-haul method. Any differences associated with our interest rate swaps that arise as a result of hedge ineffectiveness are recorded through net gains on derivative instruments, in noninterest income, a component of consolidated net income. Our 5.70% Senior Notes matured and were repaid on June 1, 2012, at which time we terminated the remaining portion of the associated interest rate swap.

Currency Exchange Risk

We enter into foreign exchange forward contracts to economically reduce our foreign exchange exposure risk related to our client loans that are denominated in foreign currencies, primarily in Pound Sterling and Euro. We do not designate any foreign exchange forward contracts as derivative instruments that qualify for hedge accounting. Changes in currency rates on the loans are included in other noninterest income, a component of noninterest income. We may experience ineffectiveness in the economic hedging relationship, because the loans are revalued based upon changes in the currency’s spot rate on the principal value, while the forwards are revalued on a discounted cash flow basis. We record forward agreements in gain positions in other assets and loss positions in other liabilities, while net changes in fair value are recorded through net gains on derivative instruments, in noninterest income, a component of consolidated net income.

Other Derivative Instruments

Equity Warrant Assets

Our equity warrant assets are concentrated in private, venture-backed companies in the technology and life science industries. Most of these warrant agreements contain net share settlement provisions, which permit us to pay the warrant exercise price using shares issuable under the warrant (“cashless exercise”). We value our equity warrant assets using a modified Black-Scholes option pricing model, which incorporates assumptions about the underlying asset value, volatility, and the risk-free rate. We make valuation adjustments for estimated remaining life and marketability for warrants issued by private companies. Equity warrant assets are recorded at fair value in other assets, while changes in their fair value are recorded through net gains on derivative instruments, in noninterest income, a component of consolidated net income.

Loan Conversion Options

In connection with negotiating certain credit facilities, we occasionally extend loan facilities which have convertible option features. The convertible loans may be converted into a certain number of shares determined by dividing the principal amount of the loan by the applicable conversion price. Because our loan conversion options have underlying and notional values and had no initial net investment, these assets qualify as derivative instruments. We value our loan conversion options using a modified Black-Scholes option pricing model, which incorporates assumptions about the underlying asset value, volatility, and the risk-free rate. Loan conversion options are recorded at fair value in other assets, while changes in their fair value are recorded through net gains on derivative instruments, in noninterest income, a component of consolidated net income.

Other Derivatives

We sell forward and option contracts to clients who wish to mitigate their foreign currency exposure. We economically reduce the currency risk from this business by entering into opposite way contracts with correspondent banks. This relationship does not qualify for hedge accounting. The contracts generally have terms of one year or less, although we may have contracts extending for up to five years. Generally, we have not experienced nonperformance on these contracts, have not incurred credit losses, and anticipate performance by all counterparties to such agreements. Increases from changes in fair value are included in other assets and decreases from changes in fair value are included in other liabilities. The net change in the fair value of these contracts is recorded through net gains on derivative instruments, in noninterest income, a component of consolidated net income.

We sell interest rate contracts to clients who wish to mitigate their interest rate exposure. We economically reduce the interest rate risk from this business by entering into opposite way contracts with correspondent banks. We do not designate any of these contracts (which are derivative instruments) as qualifying for hedge accounting. Increases from changes in fair value are included in other assets and decreases from changes in fair value are included in other liabilities. The net change in the fair value of these derivatives is recorded through net gains on derivative instruments, in noninterest income, a component of consolidated net income.

Counterparty Credit Risk

We are exposed to credit risk if counterparties to our derivative contracts do not perform as expected. We mitigate counterparty credit risk through credit approvals, limits, monitoring procedures and obtaining collateral, as appropriate. Consistent with the clarification guidance included in ASU 2011-04, we made an accounting policy decision effective January 1, 2012 to use the exception in the guidance with respect to measuring counterparty credit risk for derivative instruments, which allows us to continue to measure the fair value of a group of financial assets and financial liabilities on a net risk basis by counterparty portfolio.

The total notional or contractual amounts, fair value, collateral and net exposure of our derivative financial instruments at June 30, 2012 and December 31, 2011 were as follows:

		June 30, 2012								December 31, 2011
(Dollars in thousands)	Balance Sheet Location	Notional or Contractual Amount		Fair Value		Collateral (1)		Net Exposure (2)		Notional or Contractual Amount		Fair Value		Collateral (1)		Net Exposure (2)
Derivatives designated as hedging instruments:
Interest rate risks:
Interest rate swaps	Other assets	$	45,964	$	9,331	$	5,880	$	3,451	$	187,393	$	11,441	$	-	$	11,441
Derivatives not designated as hedging instruments:
Currency exchange risks:
Foreign exchange forwards	Other assets		53,158		1,518		-		1,518		68,518		514		-		514
Foreign exchange forwards	Other liabilities		45,505		(1,126)		-		(1,126)		6,822		(199)		-		(199)
Net exposure					392		-		392				315		-		315
Other derivative instruments:
Equity warrant assets	Other assets		156,784		74,405		-		74,405		144,586		66,953		-		66,953
Other derivatives:
Foreign exchange forwards	Other assets		530,889		18,317		-		18,317		387,714		17,541		-		17,541
Foreign exchange forwards	Other liabilities		388,394		(13,488)		-		(13,488)		366,835		(16,346)		-		(16,346)
Foreign currency options	Other assets		97,943		747		-		747		75,600		271		-		271
Foreign currency options	Other liabilities		97,943		(747)		-		(747)		75,600		(271)		-		(271)
Loan conversion options	Other assets		10,254		1,569		-		1,569		14,063		923		-		923
Client interest rate derivatives	Other assets		38,588		57		-		57		39,713		50		-		50
Client interest rate derivatives	Other liabilities		38,588		(59)		-		(59)		39,713		(52)		-		(52)
Net exposure					6,396		-		6,396				2,116		-		2,116
Net				$	90,524	$	5,880	$	84,644			$	80,825	$	-	$	80,825

(1) Cash collateral received from our counterparty for our interest rate swap agreement is recorded as a component of “short-term borrowings” on our consolidated balance sheets.

(2) Net exposure for contracts in a gain position reflects the replacement cost in the event of nonperformance by all such counterparties. The credit ratings of our institutional counterparties as of June 30, 2012 remain at investment grade or higher and there were no material changes in their credit ratings for the three and six months ended June 30, 2012.

A summary of our derivative activity and the related impact on our consolidated statements of income for the three and six months ended June 30, 2012 and 2011 is as follows:

		Three months ended June 30,				Six months ended June 30,
(Dollars in thousands)	Statement of income location	2012		2011		2012		2011
Derivatives designated as hedging instruments:
Interest rate risks:
Net cash benefit associated with interest rate swaps	Interest expense—borrowings	$	1,696	$	3,695	$	3,925	$	9,868
Changes in fair value of interest rate swaps	Net gain on derivative instruments		108		(67)		497		(67)
Net gains associated with interest rate risk derivatives		$	1,804	$	3,628	$	4,422	$	9,801
Derivatives not designated as hedging instruments:
Currency exchange risks:
(Losses) gains on revaluations of foreign currency loans, net	Other noninterest income	$	(3,125)	$	502	$	(1,466)	$	3,191
Gains (losses) on internal foreign exchange forward contracts, net	Net gains on derivative instruments		2,993		(483)		942		(3,051)
Net (losses) gains associated with currency risk		$	(132)	$	19	$	(524)	$	140
Other derivative instruments:
Gains on equity warrant assets	Net gains on derivative instruments	$	4,876	$	13,861	$	11,811	$	17,857
Gains on client foreign exchange forward contracts, net	Net gains on derivative instruments	$	1,330	$	315	$	2,395	$	790
Net (losses) gains on other derivatives (1)	Net gains on derivative instruments	$	(594)	$	25	$	(956)	$	(1,327)

(1) Primarily represents the change in fair value of loan conversion options.

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Allowance for Loan Losses Individually and Collectively Evaluated for Impairment (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Financing Receivable, Impaired [Line Items]
Individually Evaluated for Impairment	$ 5,665	$ 3,707
Collectively Evaluated for Impairment	92,501	86,240
Commercial loans
Financing Receivable, Impaired [Line Items]
Individually Evaluated for Impairment	5,117	2,967
Collectively Evaluated for Impairment	85,146	79,399
Commercial loans | Software
Financing Receivable, Impaired [Line Items]
Individually Evaluated for Impairment	845	526
Collectively Evaluated for Impairment	37,136	37,737
Commercial loans | Hardware
Financing Receivable, Impaired [Line Items]
Individually Evaluated for Impairment	4,225	1,261
Collectively Evaluated for Impairment	18,407	15,549
Commercial loans | Venture capital/private equity
Financing Receivable, Impaired [Line Items]
Collectively Evaluated for Impairment	9,652	7,319
Commercial loans | Life science
Financing Receivable, Impaired [Line Items]
Collectively Evaluated for Impairment	11,660	10,243
Commercial loans | Premium wine
Financing Receivable, Impaired [Line Items]
Collectively Evaluated for Impairment	3,396	3,914
Commercial loans | Commercial Other Financing Receivable
Financing Receivable, Impaired [Line Items]
Individually Evaluated for Impairment	47	1,180
Collectively Evaluated for Impairment	4,895	4,637
Consumer loans
Financing Receivable, Impaired [Line Items]
Individually Evaluated for Impairment	548	740
Collectively Evaluated for Impairment	$ 7,355	$ 6,841

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Loans and Allowance for Loan Losses

6 Months Ended

Jun. 30, 2012

Loans and Allowance for Loan Losses

6. Loans and Allowance for Loan Losses

We serve a variety of commercial clients in the technology, life science, venture capital/private equity and premium wine industries. Our technology clients generally tend to be in the industries of hardware (semiconductors, communications and electronics), software and related services, and clean technology. Because of the diverse nature of clean technology products and services, for our loan-related reporting purposes, cleantech-related loans are reported under our hardware, software, life science and other commercial loan categories, as applicable. Our life science clients are concentrated in the medical devices and biotechnology sectors. Loans made to venture capital/private equity firm clients typically enable them to fund investments prior to their receipt of funds from capital calls. Loans to the premium wine industry focus on vineyards and wineries that produce grapes and wines of high quality.

In addition to commercial loans, we make loans through SVB Private Bank primarily to venture capital/private equity professionals. These products and services include real estate secured home equity lines of credit, which may be used to finance real estate investments and loans used to purchase, renovate or refinance personal residences. These products and services also include restricted stock purchase loans and capital call lines of credit. We also provide real estate secured loans to eligible employees through our EHOP.

We also provide community development loans made as part of our responsibilities under the Community Reinvestment Act. These loans are included within “Construction loans” below and are primarily secured by real estate.

The composition of loans, net of unearned income of $67.7 million and $60.2 million at June 30, 2012 and December 31, 2011, respectively, is presented in the following table:

(Dollars in thousands)	June 30, 2012		December 31, 2011
Commercial loans:
Software	$	2,752,500	$	2,492,849
Hardware		1,086,973		952,303
Venture capital/private equity		1,403,801		1,117,419
Life science		917,723		863,737
Premium wine (1)		120,043		130,245
Other		371,195		342,147
Commercial loans		6,652,235		5,898,700
Real estate secured loans:
Premium wine (1)		373,658		345,988
Consumer loans (2)		554,266		534,001
Real estate secured loans		927,924		879,989
Construction loans		33,063		30,256
Consumer loans		176,530		161,137
Total loans, net of unearned income (3)	$	7,789,752	$	6,970,082

(1) Included in our premium wine portfolio are gross construction loans of $147.9 million and $110.8 million at June 30, 2012 and December 31, 2011, respectively.

(2) Consumer loans secured by real estate at June 30, 2012 and December 31, 2011 were comprised of the following:

(Dollars in thousands)	June 30, 2012		December 31, 2011
Loans for personal residence	$	369,780	$	350,359
Loans to eligible employees		103,824		99,704
Home equity lines of credit		80,662		83,938
Consumer loans secured by real estate	$	554,266	$	534,001

(3) Included within our total loan portfolio are credit card loans of $58.3 million and $49.7 million at June 30, 2012 and December 31, 2011, respectively.

Credit Quality

The composition of loans, net of unearned income, broken out by portfolio segment and class of financing receivable as of June 30, 2012 and December 31, 2011, is as follows:

(Dollars in thousands)	June 30, 2012		December 31,  2011
Commercial loans:
Software	$	2,752,500	$	2,492,849
Hardware		1,086,973		952,303
Venture capital/private equity		1,403,801		1,117,419
Life science		917,723		863,737
Premium wine		493,701		476,233
Other		404,258		372,403
Total commercial loans		7,058,956		6,274,944
Consumer loans:
Real estate secured loans		554,266		534,001
Other consumer loans		176,530		161,137
Total consumer loans		730,796		695,138
Total loans, net of unearned income	$	7,789,752	$	6,970,082

The following table summarizes the aging of our gross loans, broken out by portfolio segment and class of financing receivable as of June 30, 2012 and December 31, 2011:

(Dollars in thousands)	30 - 59   Days Past   Due		60 - 89   Days Past   Due		Greater Than 90   Days Past   Due		Total Past   Due		Current		Loans Past Due   90 Days or More Still Accruing Interest
June 30, 2012:
Commercial loans:
Software	$	3,541	$	66	$	25	$	3,632	$	2,773,398	$	25
Hardware		32		-		-		32		1,083,630		-
Venture capital/private equity		75,349		-		-		75,349		1,342,366		-
Life science		35		124		-		159		926,735		-
Premium wine		-		-		-		-		493,107		-
Other		73		-		-		73		405,037		-
Total commercial loans		79,030		190		25		79,245		7,024,273		25
Consumer loans:
Real estate secured loans		-		-		-		-		551,539		-
Other consumer loans		21		5,896		-		5,917		169,423		-
Total consumer loans		21		5,896		-		5,917		720,962		-
Total gross loans excluding impaired loans		79,051		6,086		25		85,162		7,745,235		25
Impaired loans		16		1,411		3,724		5,151		21,920		-
Total gross loans	$	79,067	$	7,497	$	3,749	$	90,313	$	7,767,155	$	25
December 31, 2011:
Commercial loans:
Software	$	415	$	1,006	$	-	$	1,421	$	2,515,327	$	-
Hardware		1,951		45		-		1,996		954,690		-
Venture capital/private equity		45		-		-		45		1,128,475		-
Life science		398		78		-		476		871,626		-
Premium wine		1		174		-		175		475,406		-
Other		15		-		-		15		370,539		-
Total commercial loans		2,825		1,303		-		4,128		6,316,063		-
Consumer loans:
Real estate secured loans		-		-		-		-		515,534		-
Other consumer loans		590		-		-		590		157,389		-
Total consumer loans		590		-		-		590		672,923		-
Total gross loans excluding impaired loans		3,415		1,303		-		4,718		6,988,986		-
Impaired loans		1,350		1,794		6,613		9,757		26,860		-
Total gross loans	$	4,765	$	3,097	$	6,613	$	14,475	$	7,015,846	$	-

The following table summarizes our impaired loans as they relate to our allowance for loan losses, broken out by portfolio segment and class of financing receivable as of June 30, 2012 and December 31, 2011:

(Dollars in thousands)	Impaired loans for   which there is a related allowance for loan losses		Impaired loans for   which there is no related allowance for loan losses		Total carrying value   of impaired loans		Total unpaid principal of     impaired loans
June 30, 2012:
Commercial loans:
Software	$	2,558	$	418	$	2,976	$	4,749
Hardware		13,074		1,099		14,173		17,616
Life Science		-		-		-		-
Premium wine		-		3,123		3,123		3,325
Other		1,905		1,051		2,956		6,824
Total commercial loans		17,537		5,691		23,228		32,514
Consumer loans:
Real estate secured loans		122		2,432		2,554		7,460
Other consumer loans		1,289		-		1,289		1,406
Total consumer loans		1,411		2,432		3,843		8,866
Total	$	18,948	$	8,123	$	27,071	$	41,380
December 31, 2011:
Commercial loans:
Software	$	1,142	$	-	$	1,142	$	1,540
Hardware		4,754		429		5,183		8,843
Life science		-		311		311		523
Premium wine		-		3,212		3,212		3,341
Other		4,303		1,050		5,353		9,104
Total commercial loans		10,199		5,002		15,201		23,351
Consumer loans:
Real estate secured loans		-		18,283		18,283		22,410
Other consumer loans		3,133		-		3,133		3,197
Total consumer loans		3,133		18,283		21,416		25,607
Total	$	13,332	$	23,285	$	36,617	$	48,958

The following table summarizes our average impaired loans, broken out by portfolio segment and class of financing receivable during the three and six months ended June 30, 2012 and 2011:

	Three months ended June 30,				Six months ended June 30,
(Dollars in thousands)	2012		2011		2012		2011
Average impaired loans:
Commercial loans:
Software	$	1,896	$	2,620	$	1,716	$	2,697
Hardware		21,468		6,662		16,865		5,594
Life science		88		1,170		117		1,834
Premium wine		3,527		1,396		3,455		2,540
Other		3,506		3,588		4,075		2,878
Total commercial loans		30,485		15,436		26,228		15,543
Consumer loans:
Real estate secured loans		2,645		19,557		7,746		19,841
Other consumer loans		2,170		-		2,595		-
Total consumer loans		4,815		19,557		10,341		19,841
Total average impaired loans	$	35,300	$	34,993	$	36,569	$	35,384

The following tables summarize the activity relating to our allowance for loan losses for the three and six months ended June 30, 2012 and 2011, broken out by portfolio segment:

Three months ended June 30, 2012  (dollars in thousands)	Beginning Balance March 31, 2012		Charge-offs		Recoveries		Provision for (Reduction  of)		Ending Balance June 30, 2012
Commercial loans:
Software	$	35,425	$	(2,118)	$	1,329	$	3,345	$	37,981
Hardware		30,348		(10,413)		329		2,368		22,632
Venture capital/private equity		7,214		-		-		2,438		9,652
Life science		10,292		(122)		92		1,398		11,660
Premium wine		3,738		(584)		187		55		3,396
Other		4,802		(286)		1,107		(681)		4,942
Total commercial loans		91,819		(13,523)		3,044		8,923		90,263
Consumer loans		9,103		(607)		331		(924)		7,903
Total allowance for loan losses	$	100,922	$	(14,130)	$	3,375	$	7,999	$	98,166
Six months ended June 30, 2012  (dollars in thousands)	Beginning Balance December 31, 2011		Charge-offs		Recoveries		Provision for (Reduction of)		Ending Balance June 30, 2012
Commercial loans:
Software	$	38,263	$	(2,977)	$	4,088	$	(1,393)	$	37,981
Hardware		16,810		(14,261)		434		19,649		22,632
Venture capital/private equity		7,319		-		-		2,333		9,652
Life science		10,243		(235)		313		1,339		11,660
Premium wine		3,914		(584)		265		(199)		3,396
Other		5,817		(2,456)		1,151		430		4,942
Total commercial loans		82,366		(20,513)		6,251		22,159		90,263
Consumer loans		7,581		(607)		560		369		7,903
Total allowance for loan losses	$	89,947	$	(21,120)	$	6,811	$	22,528	$	98,166
Three months ended June 30, 2011  (dollars in thousands)	Beginning Balance March 31, 2011		Charge-offs		Recoveries		Provision for (Reduction of)		Ending Balance June 30, 2011
Commercial loans:
Software	$	30,479	$	(518)	$	2,639	$	(727)	$	31,873
Hardware		15,840		-		32		170		16,042
Venture capital/private equity		7,432		-		-		875		8,307
Life science		8,097		(471)		505		(906)		7,225
Premium wine		4,504		(449)		590		(636)		4,009
Other		6,433		(2,855)		337		1,954		5,869
Total commercial loans		72,785		(4,293)		4,103		730		73,325
Consumer loans		9,266		-		160		(596)		8,830
Total allowance for loan losses	$	82,051	$	(4,293)	$	4,263	$	134	$	82,155
Six months ended June 30, 2011  (dollars in thousands)	Beginning Balance December 31, 2010		Charge-offs		Recoveries		Provision for (Reduction of)		Ending Balance June 30, 2011
Commercial loans:
Software	$	29,288	$	(1,622)	$	7,920	$	(3,713)	$	31,873
Hardware		14,688		(15)		312		1,057		16,042
Venture capital/private equity		8,241		-		-		66		8,307
Life science		9,077		(3,662)		1,128		682		7,225
Premium wine		5,492		(449)		730		(1,764)		4,009
Other		5,318		(2,867)		407		3,011		5,869
Total commercial loans		72,104		(8,615)		10,497		(661)		73,325
Consumer loans		10,523		-		559		(2,252)		8,830
Total allowance for loan losses	$	82,627	$	(8,615)	$	11,056	$	(2,913)	$	82,155

The following table summarizes the allowance for loan losses individually and collectively evaluated for impairment as of June 30, 2012 and December 31, 2011, broken out by portfolio segment:

	June 30, 2012				December 31, 2011
(Dollars in thousands)	Individually   Evaluated for   Impairment		Collectively   Evaluated for   Impairment		Individually   Evaluated for   Impairment		Collectively   Evaluated for   Impairment
Commercial loans:
Software	$	845	$	37,136	$	526	$	37,737
Hardware		4,225		18,407		1,261		15,549
Venture capital/private equity		-		9,652		-		7,319
Life science		-		11,660		-		10,243
Premium wine		-		3,396		-		3,914
Other		47		4,895		1,180		4,637
Total commercial loans		5,117		85,146		2,967		79,399
Consumer loans		548		7,355		740		6,841
Total allowance for loan losses	$	5,665	$	92,501	$	3,707	$	86,240

Credit Quality Indicators

For each individual client, we establish an internal credit risk rating for that loan, which is used for assessing and monitoring credit risk as well as performance of the loan and the overall portfolio. Our internal credit risk ratings are also used to summarize the risk of loss due to failure by an individual borrower to repay the loan. For our internal credit risk ratings, each individual loan is given a risk rating of 1 through 10. Loans risk-rated 1 through 4 are performing loans and translate to an internal rating of “Pass”, with loans risk-rated 1 being cash secured. Loans risk-rated 5 through 7 are performing loans, however, we consider them as demonstrating higher risk which requires more frequent review of the individual exposures; these translate to an internal rating of “Performing (Criticized)”. A majority of our performing (criticized) loans are from our SVB Accelerator practice, serving our emerging or early stage clients. Loans risk-rated 8 and 9 are loans that are considered to be impaired and are on nonaccrual status. Loans are placed on nonaccrual status when they become 90 days past due as to principal or interest payments (unless the principal and interest are well secured and in the process of collection), or when we have determined, based upon most recent available information, that the timely collection of principal or interest is not probable. (For further description of nonaccrual loans, refer to Note 2—“Summary of Significant Accounting Policies” under Part II, Item 8 of our 2011 Form 10-K); these loans are deemed “impaired”. Loans rated 10 are charged-off and are not included as part of our loan portfolio balance. We review our credit quality indicators for performance and appropriateness of risk ratings as part of our evaluation process for our allowance for loan losses. The following table summarizes the credit quality indicators, broken out by portfolio segment and class of financing receivables as of June 30, 2012 and December 31, 2011:

(Dollars in thousands)	Pass		Performing     (Criticized)		Impaired		Total
June 30, 2012:
Commercial loans:
Software	$	2,573,437	$	203,593	$	2,976	$	2,780,006
Hardware		951,026		132,636		14,173		1,097,835
Venture capital/private equity		1,417,715		-		-		1,417,715
Life science		820,392		106,502		-		926,894
Premium wine		481,162		11,945		3,123		496,230
Other		376,158		28,952		2,956		408,066
Total commercial loans		6,619,890		483,628		23,228		7,126,746
Consumer loans:
Real estate secured loans		530,017		21,522		2,554		554,093
Other consumer loans		163,390		11,950		1,289		176,629
Total consumer loans		693,407		33,472		3,843		730,722
Total gross loans	$	7,313,297	$	517,100	$	27,071	$	7,857,468
December 31, 2011:
Commercial loans:
Software	$	2,290,497	$	226,251	$	1,142	$	2,517,890
Hardware		839,230		117,456		5,183		961,869
Venture capital/private equity		1,120,373		8,147		-		1,128,520
Life science		748,129		123,973		311		872,413
Premium wine		434,309		41,272		3,212		478,793
Other		353,434		17,120		5,353		375,907
Total commercial loans		5,785,972		534,219		15,201		6,335,392
Consumer loans:
Real estate secured loans		497,060		18,474		18,283		533,817
Other consumer loans		151,101		6,878		3,133		161,112
Total consumer loans		648,161		25,352		21,416		694,929
Total gross loans	$	6,434,133	$	559,571	$	36,617	$	7,030,321

TDRs

As of June 30, 2012 we had TDRs of $25.5 million where concessions have been granted to borrowers experiencing financial difficulties, in an attempt to maximize collection. There were unfunded commitments available for funding of $1.1 million to the clients associated with these TDRs as of June 30, 2012. The following table summarizes our loans modified in TDRs, broken out by portfolio segment and class of financing receivables at June 30, 2012 and December 31, 2011:

(Dollars in thousands)	June 30, 2012		December 31, 2011
Loans modified in TDRs:
Commercial loans:
Software	$	769	$	1,142
Hardware		15,272		5,183
Premium wine		2,135		1,949
Other		3,491		4,934
Total commercial loans		21,667		13,208
Consumer loans:
Real estate secured loans		2,522		17,934
Other consumer loans		1,289		3,133
Total consumer loans		3,811		21,067
Total	$	25,478	$	34,275

The following table summarizes the recorded investment in loans modified in TDRs, broken out by portfolio segment and class of financing receivable, for modifications made during the three and six months ended June 30, 2012 and 2011:

	Three months ended June 30,				Six months ended June 30,
(Dollars in thousands)	2012		2011		2012		2011
Loans modified in TDRs during the period:
Commercial loans:
Software	$	-	$	605	$	100	$	605
Hardware		12,747		3,321		13,198		3,321
Premium wine		-		-		275		-
Other		535		-		2,440		-
Total commercial loans		13,282		3,926		16,013		3,926
Consumer loans:
Real estate secured loans		289		-		411		-
Total consumer loans		289		-		411		-
Total loans modified in TDR’s during the period (1)	$	13,571	$	3,926	$	16,424	$	3,926

(1) During the three and six months ended June 30, 2012, we had partial charge-offs of $10.0 million and $10.9 million, respectively, on loans classified as TDRs. There were no partial charge-offs on loans classified as TDRs during the three and six months ended June 30, 2011.

During the three months ended June 30, 2012 new TDRs totaling $10.0 million and $3.6 million were modified through forgiveness of principal and payment deferrals granted to our clients, respectively. During the six months ended June 30, 2012 new TDRs totaling $10.1 million and $6.3 million were modified through forgiveness of principal and payment deferrals granted to our clients, respectively. During the three and six months ended June 30, 2011 all new TDRs were modified through payment deferrals granted to our clients and no principal or interest was forgiven.

The related allowance for loan losses for the majority of our TDRs is determined on an individual basis by comparing the carrying value of the loan to the present value of the estimated future cash flows, discounted at the pre-modification contractual interest rate. For certain TDRs, the related allowance for loan losses is determined based on the fair value of the collateral if the loan is collateral dependent.

The following table summarizes the recorded investment in loans modified in TDRs within the previous 12 months that subsequently defaulted during the three and six months ended June 30, 2012 and 2011, broken out by portfolio segment and class of financing receivable:

	Three months ended June 30,				Six months ended June 30,
(Dollars in thousands)	2012		2011		2012		2011
TDRs modified within the previous 12 months that defaulted during the period:
Commercial loans:
Software	$	-	$	-	$	100	$	-
Hardware		452		3,321		452		3,321
Premium wine		1,859		-		1,859		-
Total commercial loans		2,311		3,321		2,411		3,321
Consumer loans:
Other consumer loans		1,289		-		1,289		-
Total consumer loans		1,289		-		1,289		-
Total TDRs modified within the previous 12 months that defaulted in the period	$	3,600	$	3,321	$	3,700	$	3,321

Charge-offs and defaults on previously restructured loans are evaluated to determine the impact to the allowance for loan losses, if any. The evaluation of these defaults may impact the assumptions used in calculating the reserve on other TDRs and impaired loans as well as management’s overall outlook of macroeconomic factors that affect the reserve on the loan portfolio as a whole. After evaluating the charge-offs and defaults experienced on our TDRs we determined that no change to our reserving methodology was necessary to determine the allowance for loan losses as of June 30, 2012.

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Short-Term Borrowings and Long-Term Debt

6 Months Ended

Jun. 30, 2012

Short-Term Borrowings and Long-Term Debt

7. Short-Term Borrowings and Long-Term Debt

The following table represents outstanding short-term borrowings and long-term debt at June 30, 2012 and December 31, 2011:

				Carrying Value
(Dollars in thousands)	Maturity	Principal value at  June 30, 2012		June 30,    2012		December 31,  2011
Short-term borrowings:
Other short-term borrowings	(1)	$	5,880	$	5,880	$	-
Total short-term borrowings				$	5,880	$	-
Long-term debt:
5.375% Senior Notes	September 15, 2020	$	350,000	$	347,893	$	347,793
5.70% Senior Notes (2)	June 1, 2012		-		-		143,969
6.05% Subordinated Notes (3)	June 1, 2017		45,964		55,054		55,075
7.0% Junior Subordinated Debentures	October 15, 2033		50,000		55,285		55,372
Other long-term debt	(4)		-		-		1,439
Total long-term debt				$	458,232	$	603,648

(1) Represents cash collateral received from our counterparty for our interest rate swap agreement related to our 6.05% Subordinated Notes.

(2) At December 31, 2011, included in the carrying value of our 5.70% Senior Notes was $2.6 million related to the fair value of the interest rate swap associated with the notes.

(3) At June 30, 2012 and December 31, 2011, included in the carrying value of our 6.05% Subordinated Notes were $9.3 million and $8.8 million, respectively, related to the fair value of the interest rate swap associated with the notes.

(4) Represents long-term notes payable related to one of our debt fund investments. The last payment related to the notes was made in April 2012.

Interest expense related to short-term borrowings and long-term debt was $6.3 million and $12.6 million for the three and six months ended June 30, 2012, respectively, and $7.1 million and $17.8 million for the three and six months ended June 30, 2011, respectively. Interest expense is net of the cash flow impact from our interest rate swap agreements related to our 5.70% Senior Notes and 6.05% Subordinated Notes. The weighted average interest rate associated with our short-term borrowings as of June 30, 2012 was 0.14 percent.

5.70% Senior Notes

Our remaining $141.4 million 5.70% Senior Notes matured on June 1, 2012 and we repaid all outstanding principal, including unpaid and accrued interest, in cash upon maturity. In connection with the maturity, we also terminated the interest rate swap associated with these notes (see Note 8—“Derivative Financial Instruments”).

3.875% Convertible Notes

Our $250 million 3.875% Convertible Notes matured on April 15, 2011. The effective interest rate for our 3.875% Convertible Notes for the three and six months ended June 30, 2011 was 6.84 percent and 5.92 percent, respectively, and interest expense was $0.7 million and $4.2 million, respectively.

Available Lines of Credit

We have certain facilities in place to enable us to access short-term borrowings on a secured (using available-for-sale securities as collateral) and an unsecured basis. These include repurchase agreements and uncommitted federal funds lines with various financial institutions. As of June 30, 2012, we did not borrow against our uncommitted federal funds lines. We also pledge securities to the FHLB of San Francisco and the discount window at the FRB. The market value of collateral pledged to the FHLB of San Francisco (comprised primarily of U.S. agency debentures) at June 30, 2012 totaled $1.5 billion, of which the full available balance was unused and available to support additional borrowings. The market value of collateral pledged at the discount window of the FRB at June 30, 2012 totaled $635.0 million, all of which was unused and available to support additional borrowings.

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Other Noninterest Income and Other Noninterest Expense

6 Months Ended

Jun. 30, 2012

Other Noninterest Income and Other Noninterest Expense

9. Other Noninterest Income and Other Noninterest Expense

A summary of other noninterest income for the three and six months ended June 30, 2012 and 2011 is as follows:

	Three months ended June 30,				Six months ended June 30,
(Dollars in thousands)	2012		2011		2012		2011
Unused commitment fees	$	3,678	$	1,808	$	6,733	$	3,294
Fund management fees		3,124		2,663		5,952		5,351
Service-based fee income		2,172		2,587		4,546		4,812
Net gains on the sale of certain assets related to our equity management services business		4,243		-		4,243		-
Loan syndication fees		1,375		870		1,500		870
Currency revaluation losses		(1,548)		(881)		(933)		(1,121)
(Losses) gains on revaluation of foreign currency loans, net		(3,125)		502		(1,466)		3,191
Other		2,745		2,463		5,167		3,879
Total other noninterest income	$	12,664	$	10,012	$	25,742	$	20,276

A summary of other noninterest expense for the three and six months ended June 30, 2012 and 2011 is as follows:

	Three months ended June 30,				Six months ended June 30,
(Dollars in thousands)	2012		2011		2012		2011
Telephone	$	1,547	$	1,416	$	3,331	$	2,766
Client services		1,739		1,037		2,992		1,839
Data processing services		1,310		1,429		2,715		2,492
Tax credit fund amortization		962		1,101		2,020		2,154
Postage and supplies		628		562		1,253		1,084
Dues and publications		557		327		1,031		701
Net gain from note repurchases and termination of corresponding interest rate swaps		-		(3,123)		-		(3,123)
Other		2,675		2,287		3,883		4,986
Total other noninterest expense	$	9,418	$	5,036	$	17,225	$	12,899

XML

Recorded Investment in Loans Modified in TDRs (Parenthetical) (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Financing Receivable, Modifications [Line Items]
Loans classified as TDRs, charge-offs	$ 10.0	$ 0	$ 10.9	$ 0

XML

Assets and Liabilities Measured at Fair Value on a Recurring Basis (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012		Dec. 31, 2011
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	$ 10,620,951		$ 10,536,046
Derivatives designated as hedging instruments | Interest rate risks | Interest rate swaps | Other assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	9,331		11,441
Derivatives not designated as hedging instruments | Other derivative instruments | Equity Warrant Asset | Other assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	74,405		66,953
Fair value accounting | Venture capital and private equity fund investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-marketable securities	639,596	[1]	611,824	[1]
Fair value accounting | Other venture capital investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-marketable securities	120,111	[2]	124,121	[2]
Fair value accounting | Other investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-marketable securities			987	[3]
U.S. treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	25,599		25,964
U.S. agency debentures
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	2,640,124		2,874,932
Residential mortgage-backed securities | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	1,713,799		1,564,286
Residential mortgage-backed securities | Agency-issued collateralized mortgage obligations | Fixed rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	3,804,211		3,373,760
Residential mortgage-backed securities | Agency-issued collateralized mortgage obligations | Variable rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	2,108,449		2,413,378
Agency-issued commercial mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	228,080		178,693
Municipal bonds and notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	99,694		100,498
Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	995		4,535
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	10,620,951		10,536,046
Other assets - marketable securities	4,736		1,410
Total assets	11,491,338	[4]	11,372,081	[5]
Total liabilities	15,420		16,868
Fair Value, Measurements, Recurring | Derivatives designated as hedging instruments | Interest rate risks | Interest rate swaps | Other assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	9,331		11,441
Fair Value, Measurements, Recurring | Derivatives not designated as hedging instruments | Client interest rate derivatives | Other liability
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	59		52
Fair Value, Measurements, Recurring | Derivatives not designated as hedging instruments | Currency exchange risks | Other assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	20,582		18,326
Fair Value, Measurements, Recurring | Derivatives not designated as hedging instruments | Currency exchange risks | Other liability
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	15,361		16,816
Fair Value, Measurements, Recurring | Derivatives not designated as hedging instruments | Other derivative instruments | Equity Warrant Asset | Other assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	74,405		66,953
Fair Value, Measurements, Recurring | Derivatives not designated as hedging instruments | Other derivative instruments | Loan conversion options | Other assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	1,569		923
Fair Value, Measurements, Recurring | Derivatives not designated as hedging instruments | Other derivative instruments | Client interest rate derivatives | Other assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	57		50
Fair Value, Measurements, Recurring | Fair value accounting
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-marketable securities	759,707		736,932
Fair Value, Measurements, Recurring | Fair value accounting | Venture capital and private equity fund investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-marketable securities	639,596		611,824
Fair Value, Measurements, Recurring | Fair value accounting | Other venture capital investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-marketable securities	120,111		124,121
Fair Value, Measurements, Recurring | Fair value accounting | Other investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-marketable securities			987
Fair Value, Measurements, Recurring | U.S. treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	25,599		25,964
Fair Value, Measurements, Recurring | U.S. agency debentures
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	2,640,124		2,874,932
Fair Value, Measurements, Recurring | Residential mortgage-backed securities | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	1,713,799		1,564,286
Fair Value, Measurements, Recurring | Residential mortgage-backed securities | Agency-issued collateralized mortgage obligations | Fixed rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	3,804,211		3,373,760
Fair Value, Measurements, Recurring | Residential mortgage-backed securities | Agency-issued collateralized mortgage obligations | Variable rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	2,108,449		2,413,378
Fair Value, Measurements, Recurring | Agency-issued commercial mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	228,080		178,693
Fair Value, Measurements, Recurring | Municipal bonds and notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	99,694		100,498
Fair Value, Measurements, Recurring | Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	995		4,535
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	995		4,535
Other assets - marketable securities	1,042		1,410
Total assets	2,037	[4]	5,945	[5]
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	995		4,535
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	828,326	[4]	799,962	[5]
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Derivatives not designated as hedging instruments | Other derivative instruments | Equity Warrant Asset | Other assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	68,619		63,030
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Fair value accounting
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-marketable securities	759,707		736,932
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Fair value accounting | Venture capital and private equity fund investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-marketable securities	639,596		611,824
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Fair value accounting | Other venture capital investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-marketable securities	120,111		124,121
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Fair value accounting | Other investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-marketable securities			987
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	10,619,956		10,531,511
Other assets - marketable securities	3,694
Total assets	10,660,975	[4]	10,566,174	[5]
Total liabilities	15,420		16,868
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Derivatives designated as hedging instruments | Interest rate risks | Interest rate swaps | Other assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	9,331		11,441
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Derivatives not designated as hedging instruments | Client interest rate derivatives | Other liability
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	59		52
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Derivatives not designated as hedging instruments | Currency exchange risks | Other assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	20,582		18,326
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Derivatives not designated as hedging instruments | Currency exchange risks | Other liability
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	15,361		16,816
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Derivatives not designated as hedging instruments | Other derivative instruments | Equity Warrant Asset | Other assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	5,786		3,923
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Derivatives not designated as hedging instruments | Other derivative instruments | Loan conversion options | Other assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	1,569		923
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Derivatives not designated as hedging instruments | Other derivative instruments | Client interest rate derivatives | Other assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	57		50
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | U.S. treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	25,599		25,964
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | U.S. agency debentures
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	2,640,124		2,874,932
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Residential mortgage-backed securities | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	1,713,799		1,564,286
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Residential mortgage-backed securities | Agency-issued collateralized mortgage obligations | Fixed rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	3,804,211		3,373,760
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Residential mortgage-backed securities | Agency-issued collateralized mortgage obligations | Variable rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	2,108,449		2,413,378
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Agency-issued commercial mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	228,080		178,693
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Municipal bonds and notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	$ 99,694		$ 100,498

[1] The following table shows the amount of venture capital and private equity fund investments by the following consolidated funds and our ownership of each fund at June 30, 2012 and December 31, 2011: June 30, 2012 December 31, 2011 (Dollars in thousands) Amount Ownership % Amount Ownership % SVB Strategic Investors Fund, LP $ 36,694 12.6 % $ 39,567 12.6 % SVB Strategic Investors Fund II, LP 109,343 8.6 122,619 8.6 SVB Strategic Investors Fund III, LP 213,405 5.9 218,429 5.9 SVB Strategic Investors Fund IV, LP 146,477 5.0 122,076 5.0 Strategic Investors Fund V, LP 18,134 0.2 8,838 0.3 SVB Capital Preferred Return Fund, LP 50,573 20.0 42,580 20.0 SVB Capital-NT Growth Partners, LP 57,588 33.0 43,958 33.0 SVB Capital Partners II, LP (i) 863 5.1 2,390 5.1 Other private equity fund (ii) 6,519 58.2 11,367 58.2 Total venture capital and private equity fund investments $ 639,596 $ 611,824 (i) At June 30, 2012, we had a direct ownership interest of 1.3 percent and an indirect ownership interest of 3.8 percent in the fund through our ownership interest of SVB Strategic Investors Fund II, LP. (ii) At June 30, 2012, we had a direct ownership interest of 41.5 percent and indirect ownership interests of 12.6 percent and 4.1 percent in the fund through our ownership interest of SVB Capital-NT Growth Partners, LP and SVB Capital Preferred Return Fund, LP, respectively.

[2] The following table shows the amount of other venture capital investments by the following consolidated funds and our ownership of each fund at June 30, 2012 and December 31, 2011: June 30, 2012 December 31, 2011 (Dollars in thousands) Amount Ownership % Amount Ownership % Silicon Valley BancVentures, LP $ 16,739 10.7 % $ 17,878 10.7 % SVB Capital Partners II, LP (i) 59,256 5.1 61,099 5.1 SVB India Capital Partners I, LP 40,668 14.4 42,832 14.4 SVB Capital Shanghai Yangpu Venture Capital Fund 3,448 6.8 2,312 6.8 Total other venture capital investments $ 120,111 $ 124,121 (i) At June 30, 2012, we had a direct ownership interest of 1.3 percent and an indirect ownership interest of 3.8 percent in the fund through our ownership of SVB Strategic Investors Fund II, LP.

[3] Other investments within non-marketable securities (fair value accounting) include our ownership in Partners for Growth, LP, a consolidated debt fund. At June 30, 2012, we had a majority ownership interest of slightly more than 50.0 percent in the fund. Partners for Growth, LP is managed by a third party and we do not have an ownership interest in the general partner of this fund.

[4] Included in Level 1, Level 2, and Level 3 assets are $0.9 million, $3.5 million, and $671.9 million, respectively, attributable to noncontrolling interests calculated based on the ownership percentages of the noncontrolling interests.

[5] Included in Level 1 and Level 3 assets are $1.2 million and $647.5 million, respectively, attributable to noncontrolling interests calculated based on the ownership percentages of the noncontrolling interests.

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Outstanding Short Term Borrowings and Long Term Debt (Detail) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2012		Dec. 31, 2011
Debt Outstanding [Line Items]
Short-term borrowings	$ 5,880
Other long-term debt			1,439	[1]
Total long-term debt	458,232		603,648
Other short-term borrowings
Debt Outstanding [Line Items]
Principal value	5,880	[2]
Short-term borrowings	5,880	[2]
5.375% Senior Notes
Debt Outstanding [Line Items]
Maturity	Sep. 15, 2020
Principal value	350,000
Senior Notes	347,893		347,793
5.70% Senior Notes
Debt Outstanding [Line Items]
Maturity	Jun. 01, 2012	[3]
Senior Notes			143,969	[3],[4]
6.05% Subordinated Notes
Debt Outstanding [Line Items]
Maturity	Jun. 01, 2017	[5]
Principal value	45,964	[5]
Subordinated Notes	55,054	[5],[6]	55,075	[5],[6]
7.0% Junior Subordinated Debentures
Debt Outstanding [Line Items]
Maturity	Oct. 15, 2033
Principal value	50,000
Junior Subordinated Debentures	$ 55,285		$ 55,372

[1] Represents long-term notes payable related to one of our debt fund investments. The last payment related to the notes was made in April 2012.

[2] Represents cash collateral received from our counterparty for our interest rate swap agreement related to our 6.05% Subordinated Notes.

[3] At December 31, 2011, included in the carrying value of our 5.70% Senior Notes was $2.6 million related to the fair value of the interest rate swap associated with the notes.

[4] At December 31, 2011, included in the carrying value and estimated fair value of our 5.70% Senior Notes was $2.6 million related to the fair value of the interest rate swap associated with the notes.

[5] At June 30, 2012 and December 31, 2011, included in the carrying value of our 6.05% Subordinated Notes were $9.3 million and $8.8 million, respectively, related to the fair value of the interest rate swap associated with the notes.

[6] At June 30, 2012 and December 31, 2011, included in the carrying value and estimated fair value of our 6.05% Subordinated Notes was $9.3 million and $8.8 million, respectively, related to the fair value of the interest rate swap associated with the notes.

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Recorded Investment in Loans Modified in TDRs (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended				6 Months Ended
	Jun. 30, 2012		Jun. 30, 2011		Jun. 30, 2012		Jun. 30, 2011
Financing Receivable, Modifications [Line Items]
Loans modified in TDRs during the period	$ 13,571	[1]	$ 3,926	[1]	$ 16,424	[1]	$ 3,926	[1]
Commercial loans
Financing Receivable, Modifications [Line Items]
Loans modified in TDRs during the period	13,282		3,926		16,013		3,926
Commercial loans | Software
Financing Receivable, Modifications [Line Items]
Loans modified in TDRs during the period			605		100		605
Commercial loans | Hardware
Financing Receivable, Modifications [Line Items]
Loans modified in TDRs during the period	12,747		3,321		13,198		3,321
Commercial loans | Premium wine
Financing Receivable, Modifications [Line Items]
Loans modified in TDRs during the period					275
Commercial loans | Other loans
Financing Receivable, Modifications [Line Items]
Loans modified in TDRs during the period	535				2,440
Consumer loans
Financing Receivable, Modifications [Line Items]
Loans modified in TDRs during the period	289				411
Consumer loans | Real estate secured loans
Financing Receivable, Modifications [Line Items]
Loans modified in TDRs during the period	$ 289				$ 411

[1] During the three and six months ended June 30, 2012, we had partial charge-offs of $10.0 million and $10.9 million, respectively, on loans classified as TDRs. There were no partial charge-offs on loans classified as TDRs during the three and six months ended June 30, 2011.

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Summary of Estimated Fair Values of Financial Instruments not Carried at Fair Value (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012		Dec. 31, 2011
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	$ 1,411,725		$ 1,114,948
Non-marketable securities (cost and equity method accounting)	372,605		267,508
Net commercial loans	6,968,693		6,192,578
Net consumer loans	722,893		687,557
FHLB and FRB stock	39,301		39,189
Accrued interest receivable	62,359		58,108
Short-term borrowings	5,880
Deposits	18,068,812		16,709,536
Accrued interest payable	6,496		6,689
Other long-term debt			1,439	[1]
Federal Funds Purchased
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term borrowings	5,880
No Stated Maturity
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Deposits	17,900,604	[2]	16,553,787	[2]
Bank Time Deposits
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Deposits	168,208		155,749
5.375% Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior Notes	347,893		347,793
5.70% Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior Notes			143,969	[3],[4]
6.05% Subordinated Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Subordinated Notes	55,054	[5],[6]	55,075	[5],[6]
7.0% Junior Subordinated Debentures
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Junior Subordinated Debentures	55,285		55,372
Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	1,411,725		1,114,948
Quoted Prices in Active Markets for Identical Assets (Level 1) | Federal Funds Purchased
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term borrowings	5,880
Quoted Prices in Active Markets for Identical Assets (Level 1) | No Stated Maturity
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Deposits	17,900,604	[2]	16,553,787	[2]
Significant Other Observable Inputs (Level 2)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Accrued interest receivable	62,359		58,108
Accrued interest payable	6,496		6,689
Significant Other Observable Inputs (Level 2) | Bank Time Deposits
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Deposits	167,917		155,346
Significant Other Observable Inputs (Level 2) | 5.375% Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior Notes	380,961		362,786
Significant Other Observable Inputs (Level 2) | 5.70% Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior Notes			145,184	[4]
Significant Other Observable Inputs (Level 2) | 6.05% Subordinated Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Subordinated Notes	60,411	[6]	57,746	[6]
Significant Other Observable Inputs (Level 2) | 7.0% Junior Subordinated Debentures
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Junior Subordinated Debentures	51,897		51,526
Significant Unobservable Inputs (Level 3)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Non-marketable securities (cost and equity method accounting)	407,262		290,393
Net commercial loans	7,145,552		6,336,705
Net consumer loans	743,208		627,733
FHLB and FRB stock	39,301		39,189
Commitments to extend credit	22,343		21,232
Other long-term debt			$ 1,439

[1] Represents long-term notes payable related to one of our debt fund investments. The last payment related to the notes was made in April 2012.

[2] Includes noninterest-bearing demand deposits, interest-bearing checking accounts, money market accounts and interest-bearing sweep deposits.

[3] At December 31, 2011, included in the carrying value of our 5.70% Senior Notes was $2.6 million related to the fair value of the interest rate swap associated with the notes.

[4] At December 31, 2011, included in the carrying value and estimated fair value of our 5.70% Senior Notes was $2.6 million related to the fair value of the interest rate swap associated with the notes.

[5] At June 30, 2012 and December 31, 2011, included in the carrying value of our 6.05% Subordinated Notes were $9.3 million and $8.8 million, respectively, related to the fair value of the interest rate swap associated with the notes.

[6] At June 30, 2012 and December 31, 2011, included in the carrying value and estimated fair value of our 6.05% Subordinated Notes was $9.3 million and $8.8 million, respectively, related to the fair value of the interest rate swap associated with the notes.

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Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2012

Fair Value Hierarchy Tables Present Information about Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following fair value hierarchy tables present information about our assets and liabilities that are measured at fair value on a recurring basis as of June 30, 2012:

(Dollars in thousands)	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Balance as of June 30, 2012
Assets
Available-for-sale securities:
U.S. treasury securities	$	-	$	25,599	$	-	$	25,599
U.S. agency debentures		-		2,640,124		-		2,640,124
Residential mortgage-backed securities:
Agency-issued mortgage-backed securities		-		1,713,799		-		1,713,799
Agency-issued collateralized mortgage obligations - fixed rate		-		3,804,211		-		3,804,211
Agency-issued collateralized mortgage obligations - variable rate		-		2,108,449		-		2,108,449
Agency-issued commercial mortgage-backed securities		-		228,080		-		228,080
Municipal bonds and notes		-		99,694		-		99,694
Equity securities		995		-		-		995
Total available-for-sale securities		995		10,619,956		-		10,620,951
Non-marketable securities (fair value accounting):
Venture capital and private equity fund investments		-		-		639,596		639,596
Other venture capital investments		-		-		120,111		120,111
Total non-marketable securities (fair value accounting)		-		-		759,707		759,707
Other assets:
Marketable securities		1,042		3,694		-		4,736
Interest rate swaps		-		9,331		-		9,331
Foreign exchange forward and option contracts		-		20,582		-		20,582
Equity warrant assets		-		5,786		68,619		74,405
Loan conversion options		-		1,569		-		1,569
Client interest rate derivatives		-		57		-		57
Total assets (1)	$	2,037	$	10,660,975	$	828,326	$	11,491,338
Liabilities
Foreign exchange forward and option contracts	$	-	$	15,361	$	-	$	15,361
Client interest rate derivatives		-		59		-		59
Total liabilities	$	-	$	15,420	$	-	$	15,420

(1) Included in Level 1, Level 2, and Level 3 assets are $0.9 million, $3.5 million, and $671.9 million, respectively, attributable to noncontrolling interests calculated based on the ownership percentages of the noncontrolling interests.

The following fair value hierarchy tables present information about our assets and liabilities that are measured at fair value on a recurring basis as of December 31, 2011:

(Dollars in thousands)	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Balance as of December  31, 2011
Assets
Available-for-sale securities:
U.S. treasury securities	$	-	$	25,964	$	-	$	25,964
U.S. agency debentures		-		2,874,932		-		2,874,932
Residential mortgage-backed securities:
Agency-issued mortgage-backed securities		-		1,564,286		-		1,564,286
Agency-issued collateralized mortgage obligations - fixed rate		-		3,373,760		-		3,373,760
Agency-issued collateralized mortgage obligations - variable rate		-		2,413,378		-		2,413,378
Agency-issued commercial mortgage-backed securities		-		178,693		-		178,693
Municipal bonds and notes		-		100,498		-		100,498
Equity securities		4,535		-		-		4,535
Total available-for-sale securities		4,535		10,531,511		-		10,536,046
Non-marketable securities (fair value accounting):
Venture capital and private equity fund investments		-		-		611,824		611,824
Other venture capital investments		-		-		124,121		124,121
Other investments		-		-		987		987
Total non-marketable securities (fair value accounting)		-		-		736,932		736,932
Other assets:
Marketable securities		1,410		-		-		1,410
Interest rate swaps		-		11,441		-		11,441
Foreign exchange forward and option contracts		-		18,326		-		18,326
Equity warrant assets		-		3,923		63,030		66,953
Loan conversion options		-		923		-		923
Client interest rate derivatives		-		50		-		50
Total assets (1)	$	5,945	$	10,566,174	$	799,962	$	11,372,081
Liabilities
Foreign exchange forward and option contracts	$	-	$	16,816	$	-	$	16,816
Client interest rate derivatives		-		52		-		52
Total liabilities	$	-	$	16,868	$	-	$	16,868

(1) Included in Level 1 and Level 3 assets are $1.2 million and $647.5 million, respectively, attributable to noncontrolling interests calculated based on the ownership percentages of the noncontrolling interests.

Additional Information about Level 3 Assets Measured at Fair Value on a Recurring Basis

The following table presents additional information about Level 3 assets measured at fair value on a recurring basis for the three and six months ended June 30, 2012 and 2011, respectively:

(Dollars in thousands)	Beginning Balance		Total Realized and Unrealized Gains (Losses) Included in Income		Purchases		Sales		Issuances		Distributions and Other Settlements		Transfers  Into Level 3		Transfers Out of Level 3		Ending Balance
Three months ended June 30, 2012:
Non-marketable securities (fair value accounting):
Venture capital and private equity fund investments	$	620,356	$	14,557	$	33,365	$	-	$	-	$	(28,682)	$	-	$	-	$	639,596
Other venture capital investments		127,951		(3,540)		211		(3,932)		-		16		-		(595)		120,111
Other investments		1,002		-		-		-		-		(1,002)		-		-		-
Total non-marketable securities (fair value accounting) (1)		749,309		11,017		33,576		(3,932)		-		(29,668)		-		(595)		759,707
Other assets:
Equity warrant assets (2)		65,217		5,853		-		(6,075)		3,873		-				(249)		68,619
Total assets	$	814,526	$	16,870	$	33,576	$	(10,007)	$	3,873	$	(29,668)	$	-	$	(844)	$	828,326
Three months ended June 30, 2011:
Non-marketable securities (fair value accounting):
Venture capital and private equity fund investments	$	464,377	$	32,423	$	37,335	$	-	$	-	$	(19,017)	$	-	$	-	$	515,118
Other venture capital investments		108,525		660		4,639		(4,042)		-		4,288		-		-		114,070
Other investments		995		-		-		-		-		-		-		-		995
Total non-marketable securities (fair value accounting) (1)		573,897		33,083		41,974		(4,042)		-		(14,729)		-		-		630,183
Other assets:
Equity warrant assets (2)		46,260		10,246		-		(9,924)		3,558		(1)		-		(362)		49,777
Total assets	$	620,157	$	43,329	$	41,974	$	(13,966)	$	3,558	$	(14,730)	$	-	$	(362)	$	679,960
Six months ended June 30, 2012:
Non-marketable securities (fair value accounting):
Venture capital and private equity fund investments	$	611,824	$	26,661	$	55,081	$	-	$	-	$	(53,970)	$	-	$	-	$	639,596
Other venture capital investments		124,121		(7,127)		7,935		(4,239)		-		16		-		(595)		120,111
Other investments		987		21		-		-		-		(1,008)		-		-		-
Total non-marketable securities (fair value accounting) (1)		736,932		19,555		63,016		(4,239)		-		(54,962)		-		(595)		759,707
Other assets:
Equity warrant assets (2)		63,030		9,648		-		(9,718)		6,173		1		-		(515)		68,619
Total assets	$	799,962	$	29,203	$	63,016	$	(13,957)	$	6,173	$	(54,961)	$	-	$	(1,110)	$	828,326
Six months ended June 30, 2011:
Non-marketable securities (fair value accounting):
Venture capital and private equity fund investments	$	391,247	$	75,991	$	77,400	$	-	$	-	$	(29,520)	$	-	$	-	$	515,118
Other venture capital investments		111,843		5,371		10,746		(18,178)		-		4,288		-		-		114,070
Other investments		981		20		-		-		-		(6)		-		-		995
Total non-marketable securities (fair value accounting) (1)		504,071		81,382		88,146		(18,178)		-		(25,238)		-		-		630,183
Other assets:
Equity warrant assets (2)		43,537		13,211		-		(13,462)		7,182		(63)		-		(628)		49,777
Total assets	$	547,608	$	94,593	$	88,146	$	(31,640)	$	7,182	$	(25,301)	$	-	$	(628)	$	679,960

(1) Realized and unrealized gains (losses) are recorded on the line items “gains on investment securities, net”, and “other noninterest income”, components of noninterest income.

(2) Realized and unrealized gains (losses) are recorded on the line item “gains on derivative instruments, net”, a component of noninterest income.

Unrealized Gains Included in Earnings Attributable to Level 3 Assets Held

The following table presents the amount of unrealized gains (losses) included in earnings (which is inclusive of noncontrolling interest) attributable to Level 3 assets still held at June 30, 2012:

	Three months ended  June  30, 2012		Six months ended  June 30, 2012
Non-marketable securities (fair value accounting):
Venture capital and private equity fund investments	$	(9,872)	$	(16,986)
Other venture capital investments		10,819		8,208
Other investments		-		21
Total non-marketable securities (fair value accounting) (1)		947		(8,757)
Other assets:
Equity warrant assets (2)		2,888		3,392
Total unrealized gains	$	3,835	$	(5,365)
Unrealized gains (losses) attributable to noncontrolling interests	$	457	$	(9,425)

(1) Unrealized gains (losses) are recorded on the line items “gains on investment securities, net”, and “other noninterest income”, components of noninterest income.

(2) Unrealized gains are recorded on the line item “gains on derivative instruments, net”, a component of noninterest income.

Quantitative Information About Significant Unobservable Inputs

The following table presents quantitative information about the significant unobservable inputs used for certain of our Level 3 fair value measurements at June 30, 2012. We have not included in this table our venture capital and private equity fund investments (fair value accounting) as we use net asset value per share (as obtained from the general partners of the investments) as a practical expedient to determine fair value.

(Dollars in thousands)	Fair Value at June 30, 2012		Valuation Technique	Significant Unobservable Inputs	Weighted  Average
Other venture capital investments (fair value accounting)	$	120,111	Private company equity pricing	(1)	(1)
Equity warrant assets (private portfolio)		68,619	Modifed Black-Scholes option	Volatility	51.2%
			pricing model	Risk-Free interest rate	0.4%
				Marketability discount (2)	15.0%
				Remaining life assumption (3)	40.0%

(1) In determining the fair value of our other venture capital investment portfolio, we evaluate a variety of factors related to each underlying private portfolio company including, but not limited to, actual and forecasted results, cash position, recent or planned transactions and market comparable companies. Additionally, we have ongoing communication with the portfolio companies and venture capital fund managers, to determine whether there is a material change in fair value. These factors are specific to each portfolio company and a weighted average or range of values of the unobservable inputs is not meaningful.

(2) Our marketability discount is applied to all private company warrants to account for a general lack of liquidity due to the private nature of the associated underlying company. The quantitative measure used is based on long-run averages and is influenced over time by various factors, such as market conditions. On a quarterly basis, a sensitivity analysis is performed on our marketability discount.

(3) We adjust the contractual remaining term of private company warrants based on our best estimate of the actual remaining life, which we determine by utilizing historical data on cancellations and exercises. At June 30, 2012, the weighted average contractual remaining term was 6.5 years, compared to our estimated remaining life of 2.6 years. On a quarterly basis, a sensitivity analysis is performed on our remaining life assumption.

Summary of Estimated Fair Values of Financial Instruments Not Carried at Fair Value

The information presented herein is based on pertinent information available to us as of June 30, 2012 and December 31, 2011. The following fair value hierarchy table presents the estimated fair values of our financial instruments that are not carried at fair value at June 30, 2012 and December 31, 2011:

			Estimated Fair Value
(Dollars in thousands)	Carrying Amount		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
June 30, 2012:
Financial assets:
Cash and cash equivalents	$	1,411,725	$	1,411,725	$	-	$	-
Non-marketable securities (cost and equity method accounting)		372,605		-		-		407,262
Net commercial loans		6,968,693		-		-		7,145,552
Net consumer loans		722,893		-		-		743,208
FHLB and FRB stock		39,301		-		-		39,301
Accrued interest receivable		62,359		-		62,359		-
Financial liabilities:
Other short-term borrowings		5,880		5,880		-		-
Non-maturity deposits (1)		17,900,604		17,900,604		-		-
Time deposits		168,208		-		167,917		-
5.375% Senior Notes		347,893		-		380,961		-
6.05% Subordinated Notes (2)		55,054		-		60,411		-
7.0% Junior Subordinated Debentures		55,285		-		51,897		-
Accrued interest payable		6,496		-		6,496		-
Off-balance sheet financial assets:
Commitments to extend credit		-		-		-		22,343
December 31, 2011:
Financial assets:
Cash and cash equivalents	$	1,114,948	$	1,114,948	$	-	$	-
Non-marketable securities (cost and equity method accounting)		267,508		-		-		290,393
Net commercial loans		6,192,578		-		-		6,336,705
Net consumer loans		687,557		-		-		627,733
FHLB and FRB stock		39,189		-		-		39,189
Accrued interest receivable		58,108		-		58,108		-
Financial liabilities:
Non-maturity deposits (1)		16,553,787		16,553,787		-		-
Time deposits		155,749		-		155,346		-
5.375% Senior Notes		347,793		-		362,786		-
6.05% Subordinated Notes (2)		55,075		-		57,746		-
5.70% Senior Notes (3)		143,969		-		145,184		-
7.0% Junior Subordinated Debentures		55,372		-		51,526		-
Other long-term debt		1,439		-		-		1,439
Accrued interest payable		6,689		-		6,689		-
Off-balance sheet financial assets:
Commitments to extend credit		-		-		-		21,232

(1) Includes noninterest-bearing demand deposits, interest-bearing checking accounts, money market accounts and interest-bearing sweep deposits.

(2) At June 30, 2012 and December 31, 2011, included in the carrying value and estimated fair value of our 6.05% Subordinated Notes was $9.3 million and $8.8 million, respectively, related to the fair value of the interest rate swap associated with the notes.

(3) At December 31, 2011, included in the carrying value and estimated fair value of our 5.70% Senior Notes was $2.6 million related to the fair value of the interest rate swap associated with the notes.

Summary of Estimated Fair Values of Investments and Remaining Unfunded Commitments for Each Major Category of Investments

The following table is a summary of the estimated fair values of these investments and remaining unfunded commitments for each major category of these investments as of June 30, 2012:

(Dollars in thousands)	Carrying Amount		Fair Value		Unfunded       Commitments
Non-marketable securities (fair value accounting):
Venture capital and private equity fund investments (1)	$	639,596	$	639,596	$	377,037
Non-marketable securities (equity method accounting):
Other investments (2)		51,102		52,185		7,750
Non-marketable securities (cost method accounting):
Venture capital and private equity fund investments (3)		153,618		185,335		67,988
Total	$	844,316	$	877,116	$	452,775

(1) Venture capital and private equity fund investments within non-marketable securities (fair value accounting) include investments made by our managed funds of funds, one of our direct venture funds and one other private equity fund. These investments represent investments in venture capital and private equity funds that invest primarily in U.S. and global technology and life sciences companies. Included in the fair value and unfunded commitments of fund investments under fair value accounting are $562.6 million and $365.2 million, respectively, attributable to noncontrolling interests. It is estimated that we will receive distributions from the fund investments over the next 10 to 13 years, depending on the age of the funds and any potential extensions of terms of the funds.

(2) Other investments within non-marketable securities (equity method accounting) include investments in debt funds and venture capital and private equity fund investments that invest in or lend money to primarily U.S. and global technology and life sciences companies. It is estimated that we will receive distributions from the fund investments over the next 10 to 13 years, depending on the age of the funds.

(3) Venture capital and private equity fund investments within non-marketable securities (cost method accounting) include investments in venture capital and private equity fund investments that invest primarily in U.S. and global technology and life sciences companies. It is estimated that we will receive distributions from the fund investments over the next 10 to 13 years, depending on the age of the funds and any potential extensions of the terms of the funds.

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Components of Gains and Losses (Realized and Unrealized) on Investment Securities (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended				6 Months Ended
	Jun. 30, 2012		Jun. 30, 2011		Jun. 30, 2012		Jun. 30, 2011
Gain (Loss) on Investments [Line Items]
Gross gains on investment securities	$ 49,660		$ 82,779		$ 79,776		$ 137,563
Gross losses on investment securities	(23,851)		(11,099)		(46,128)		(14,546)
Gains (losses) on investment securities, net	25,809		71,680		33,648		123,017
Gains (losses) attributable to noncontrolling interests, including carried interest	14,502		26,437		21,840		69,822
Cost method accounting | Other investments
Gain (Loss) on Investments [Line Items]
Gross losses on investment securities	(1)		(31)		(66)		(31)
Available-for-sale Securities
Gain (Loss) on Investments [Line Items]
Gross gains on investment securities	5,322	[1]	37,314	[1]	5,343	[1]	37,377	[1]
Gross losses on investment securities	(755)	[1]	(93)	[1]	(1,650)	[1]	(94)	[1]
Marketable Securities | Fair value accounting
Gain (Loss) on Investments [Line Items]
Gross gains on investment securities	3,303				3,619		442
Gross losses on investment securities	(754)		(3,307)		(754)		(4,115)
Non-marketable securities | Fair value accounting | Venture capital and private equity fund investments
Gain (Loss) on Investments [Line Items]
Gross gains on investment securities	33,288		37,205		59,398		82,704
Gross losses on investment securities	(18,618)		(4,845)		(32,533)		(6,901)
Non-marketable securities | Fair value accounting | Other venture capital investments
Gain (Loss) on Investments [Line Items]
Gross gains on investment securities	1,556		2,071		3,333		7,019
Gross losses on investment securities	(3,219)		(1,420)		(9,882)		(1,664)
Non-marketable securities | Fair value accounting | Other investments
Gain (Loss) on Investments [Line Items]
Gross gains on investment securities					21		20
Non-marketable securities | Equity method accounting | Other investments
Gain (Loss) on Investments [Line Items]
Gross gains on investment securities	5,389		3,132		6,811		6,516
Gross losses on investment securities	(327)		(1,110)		(703)		(1,309)
Non-marketable securities | Cost method accounting | Venture capital and private equity fund investments
Gain (Loss) on Investments [Line Items]
Gross gains on investment securities	538		801		945		1,056
Gross losses on investment securities	(177)		(293)		(540)		(432)
Non-marketable securities | Cost method accounting | Other investments
Gain (Loss) on Investments [Line Items]
Gross gains on investment securities	$ 264		$ 2,256		$ 306		$ 2,429

[1] The cost basis of available-for-sale securities sold is determined on a specific identification basis.

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Legal Matters

6 Months Ended

Jun. 30, 2012

Legal Matters

14. Legal Matters

Certain lawsuits and claims arising in the ordinary course of business have been filed or are pending against us or our affiliates. In accordance with applicable accounting guidance, we establish accruals for all lawsuits, claims and expected settlements when we believe it is probable that a loss has been incurred and the amount of the loss is reasonably estimable. When a loss contingency is not both probable and estimable, we do not establish an accrual. Any such loss estimates are inherently uncertain, based on currently available information and are subject to management’s judgment and various assumptions. Due to the inherent subjectivity of these estimates and unpredictability of outcomes of legal proceedings, any amounts accrued may not represent the ultimate resolution of such matters.

To the extent we believe any potential loss relating to such lawsuits and claims may have a material impact on our liquidity, consolidated financial position, results of operations, and/or our business as a whole and is reasonably possible but not probable, we disclose information relating to any such potential loss, whether in excess of any established accruals or where there is no established accrual. We also disclose information relating to any material potential loss that is probable but not reasonably estimable. Where reasonably practicable, we will provide an estimate of loss or range of potential loss. No disclosures are generally made for any loss contingencies that are deemed to be remote.

Based upon information available to us, our review of lawsuits and claims filed or pending against us to date and consultation with our outside legal counsel, we have not recognized a material accrual liability for these matters, nor do we currently expect it is reasonably possible that these matters will result in a material liability to the Company. However, the outcome of litigation and other legal and regulatory matters is inherently uncertain, and it is possible that one or more of such matters currently pending or threatened could have an unanticipated material adverse effect on our liquidity, consolidated financial position, results of operations, and/or our business as a whole, in the future.

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Cash and Cash Equivalents (Tables)

6 Months Ended

Jun. 30, 2012

Cash and Cash Equivalents

The following table details our cash and cash equivalents at June 30, 2012 and December 31, 2011:

(Dollars in thousands)	June 30, 2012		December 31, 2011
Cash and due from banks (1)	$	1,224,552	$	852,010
Securities purchased under agreements to resell (2)		100,787		175,553
Other short-term investment securities		86,386		87,385
Total cash and cash equivalents	$	1,411,725	$	1,114,948

(1) At June 30, 2012 and December 31, 2011, $662.4 million and $100.1 million, respectively, of our cash and due from banks was deposited at the FRB and was earning interest at the Federal Funds target rate, and interest-earning deposits in other financial institutions were $265.8 million and $371.5 million, respectively.

(2) At June 30, 2012 and December 31, 2011, securities purchased under agreements to resell were collateralized by U.S. treasury securities and U.S. agency securities with aggregate fair values of $102.8 million and $179.1 million, respectively. None of these securities received as collateral were sold or repledged as of June 30, 2012 and December 31, 2011.

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Summary of Estimated Fair Values of Investments and Remaining Unfunded Commitments for Each Major Category of Investments (Parenthetical) (Detail) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2012
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value	877,116
Unfunded Commitments	452,775
Non-marketable securities | Fair value accounting | Venture capital and private equity fund investments
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value	639,596	[1]
Unfunded Commitments	377,037	[1]
Non-marketable securities | Equity method accounting | Other investments
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value	52,185	[2]
Unfunded Commitments	7,750	[2]
Non-marketable securities | Cost method accounting | Venture capital and private equity fund investments
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value	185,335	[3]
Unfunded Commitments	67,988	[3]
Non-marketable securities | Noncontrolling Interest | Fair value accounting | Venture capital and private equity fund investments
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value	562,600
Unfunded Commitments	365,200
Non-marketable securities | Lower Limit | Fair value accounting | Venture capital and private equity fund investments
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Estimated future period of distributions from the fund investments	10 years
Non-marketable securities | Lower Limit | Equity method accounting | Other investments
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Estimated future period of distributions from the fund investments	10 years
Non-marketable securities | Lower Limit | Cost method accounting | Venture capital and private equity fund investments
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Estimated future period of distributions from the fund investments	10 years
Non-marketable securities | Upper Limit | Fair value accounting | Venture capital and private equity fund investments
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Estimated future period of distributions from the fund investments	13 years
Non-marketable securities | Upper Limit | Equity method accounting | Other investments
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Estimated future period of distributions from the fund investments	13 years
Non-marketable securities | Upper Limit | Cost method accounting | Venture capital and private equity fund investments
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Estimated future period of distributions from the fund investments	13 years

[1] Venture capital and private equity fund investments within non-marketable securities (fair value accounting) include investments made by our managed funds of funds, one of our direct venture funds and one other private equity fund. These investments represent investments in venture capital and private equity funds that invest primarily in U.S. and global technology and life sciences companies. Included in the fair value and unfunded commitments of fund investments under fair value accounting are $562.6 million and $365.2 million, respectively, attributable to noncontrolling interests. It is estimated that we will receive distributions from the fund investments over the next 10 to 13 years, depending on the age of the funds and any potential extensions of terms of the funds.

[2] Other investments within non-marketable securities (equity method accounting) include investments in debt funds and venture capital and private equity fund investments that invest in or lend money to primarily U.S. and global technology and life sciences companies. It is estimated that we will receive distributions from the fund investments over the next 10 to 13 years, depending on the age of the funds.

[3] Venture capital and private equity fund investments within non-marketable securities (cost method accounting) include investments in venture capital and private equity fund investments that invest primarily in U.S. and global technology and life sciences companies. It is estimated that we will receive distributions from the fund investments over the next 10 to 13 years, depending on the age of the funds and any potential extensions of the terms of the funds.

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Investment Securities - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2012
Schedule of Available-for-sale Securities [Line Items]
Federal statutory income tax rate	35.00%
Lower Limit
Schedule of Available-for-sale Securities [Line Items]
Mortgage-backed securities contractual maturities (in years)	10
Upper Limit
Schedule of Available-for-sale Securities [Line Items]
Mortgage-backed securities contractual maturities (in years)	30

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Share-Based Compensation - Additional Information (Detail) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Closing stock price	$ 58.72		$ 58.72
Option Exercised, Total Intrinsic Value	$ 1.8	$ 6.9	$ 13.7	$ 15.8

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Interim Consolidated Statements of Comprehensive Income (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Net income before noncontrolling interests	$ 57,078	$ 89,732	$ 97,011	$ 162,827
Change in cumulative translation gains:
Foreign currency translation (losses) gains	(4,657)	926	(2,185)	1,891
Related tax benefit (expense)	1,889	(379)	876	(774)
Change in unrealized gains on available-for-sale securities:
Unrealized holding gains	33,766	100,836	37,035	74,677
Related tax expense	(13,482)	(41,252)	(14,817)	(30,529)
Reclassification adjustment for gains included in net income	(4,567)	(37,221)	(3,693)	(37,283)
Related tax expense	1,819	15,227	1,462	15,252
Other comprehensive income, net of tax	14,768	38,137	18,678	23,234
Comprehensive income	71,846	127,869	115,689	186,061
Comprehensive income attributable to noncontrolling interests	(9,475)	(23,982)	(14,618)	(64,070)
Comprehensive income attributable to SVBFG	$ 62,371	$ 103,887	$ 101,071	$ 121,991

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Unrealized Gains Included in Earnings Attributable to Level 3 Assets Held (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012		Jun. 30, 2012
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Unrealized Gains (Losses) [Line Items]
Unrealized gains included in earnings attributable to Level 3 assets still held	$ 3,835		$ (5,365)
Unrealized gains (losses) attributable to noncontrolling interests	457		(9,425)
Equity Warrant Asset | Other assets
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Unrealized Gains (Losses) [Line Items]
Unrealized gains included in earnings attributable to Level 3 assets still held	2,888	[1]	3,392	[1]
Non-marketable securities | Fair value accounting
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Unrealized Gains (Losses) [Line Items]
Unrealized gains included in earnings attributable to Level 3 assets still held	947	[2]	(8,757)	[2]
Non-marketable securities | Fair value accounting | Venture capital and private equity fund investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Unrealized Gains (Losses) [Line Items]
Unrealized gains included in earnings attributable to Level 3 assets still held	(9,872)		(16,986)
Non-marketable securities | Fair value accounting | Other venture capital investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Unrealized Gains (Losses) [Line Items]
Unrealized gains included in earnings attributable to Level 3 assets still held	10,819		8,208
Non-marketable securities | Fair value accounting | Other investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Unrealized Gains (Losses) [Line Items]
Unrealized gains included in earnings attributable to Level 3 assets still held			$ 21

[1] Unrealized gains are recorded on the line item "gains on derivative instruments, net", a component of noninterest income.

[2] Unrealized gains (losses) are recorded on the line items "gains on investment securities, net", and "other noninterest income", components of noninterest income.

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Share-Based Compensation

6 Months Ended

Jun. 30, 2012

Share-Based Compensation

3. Share-Based Compensation

For the three and six months ended June 30, 2012 and 2011, we recorded share-based compensation and related tax benefits as follows:

	Three months ended June 30,				Six months ended June 30,
(Dollars in thousands)	2012		2011		2012		2011
Share-based compensation expense	$	5,828	$	4,706	$	10,977	$	8,949
Income tax benefit related to share-based compensation expense		(1,489)		(1,243)		(2,688)		(2,276)

Unrecognized Compensation Expense

As of June 30, 2012, unrecognized share-based compensation expense was as follows:

(Dollars in thousands)	Unrecognized   Expense		Average Expected Recognition   Period - in Years
Stock options	$	19,129		3.00
Restricted stock units		29,706		2.99
Total unrecognized share-based compensation expense	$	48,835

Share-Based Payment Award Activity

The table below provides stock option information related to the 1997 Equity Incentive Plan and the 2006 Equity Incentive Plan for the six months ended June 30, 2012:

	Options		Weighted Average  Exercise Price		Weighted Average Remaining Contractual   Life in Years		Aggregate   Intrinsic Value   of In-The- Money Options
Outstanding at December 31, 2011		2,439,360	$	42.64
Granted		387,793		64.02
Exercised		(576,461)		36.26
Forfeited		(36,629)		45.86
Expired		(4,568)		42.50
Outstanding at June 30, 2012		2,209,495		48.00		4.26		$ 26,284,468
Vested and expected to vest at June 30, 2012		2,106,562		47.53		4.17		25,861,593
Exercisable at June 30, 2012		1,159,056		43.06		2.93		18,281,444

The aggregate intrinsic value of outstanding options shown in the table above represents the pretax intrinsic value based on our closing stock price of $58.72 as of June 30, 2012. The total intrinsic value of options exercised during the three and six months ended June 30, 2012 was $1.8 million and $13.7 million, respectively, compared to $6.9 million and $15.8 million for the comparable 2011 periods.

The table below provides information for restricted stock units under the 2006 Equity Incentive Plan for the six months ended June 30, 2012:

	Shares		Weighted Average     Grant Date Fair     Value
Nonvested at December 31, 2011		499,119	$	52.72
Granted		309,840		63.89
Vested		(140,550)		51.46
Forfeited		(18,574)		54.73
Nonvested at June 30, 2012		649,835		58.27

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Average Impaired Loans, Broken out by Portfolio Segment and Class of Financing Receivable (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Financing Receivable, Impaired [Line Items]
Average impaired loans	$ 35,300	$ 34,993	$ 36,569	$ 35,384
Commercial loans
Financing Receivable, Impaired [Line Items]
Average impaired loans	30,485	15,436	26,228	15,543
Commercial loans | Software
Financing Receivable, Impaired [Line Items]
Average impaired loans	1,896	2,620	1,716	2,697
Commercial loans | Hardware
Financing Receivable, Impaired [Line Items]
Average impaired loans	21,468	6,662	16,865	5,594
Commercial loans | Life science
Financing Receivable, Impaired [Line Items]
Average impaired loans	88	1,170	117	1,834
Commercial loans | Premium wine
Financing Receivable, Impaired [Line Items]
Average impaired loans	3,527	1,396	3,455	2,540
Commercial loans | Commercial Other Financing Receivable
Financing Receivable, Impaired [Line Items]
Average impaired loans	3,506	3,588	4,075	2,878
Consumer loans
Financing Receivable, Impaired [Line Items]
Average impaired loans	4,815	19,557	10,341	19,841
Consumer loans | Real estate secured loans
Financing Receivable, Impaired [Line Items]
Average impaired loans	2,645	19,557	7,746	19,841
Consumer loans | Consumer Other Financing Receivable
Financing Receivable, Impaired [Line Items]
Average impaired loans	$ 2,170		$ 2,595

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Total Capital Commitments, Unfunded Capital Commitments, and Our Ownership in Each Fund (Parenthetical) (Detail)	6 Months Ended		12 Months Ended
	Jun. 30, 2012		Dec. 31, 2011
SVB Capital Partners II, LP | Fair value accounting | Venture capital and private equity fund investments
Venture Capital and Private Equity Fund Investments [Line Items]
Percentage of ownership	5.10%	[1]	5.10%	[1]
SVB Capital Partners II, LP | Fair value accounting | Direct ownership interest | Venture capital and private equity fund investments
Venture Capital and Private Equity Fund Investments [Line Items]
Percentage of ownership	1.30%
SVB Capital Partners II, LP | Fair value accounting | Indirect ownership interest | Venture capital and private equity fund investments
Venture Capital and Private Equity Fund Investments [Line Items]
Percentage of ownership	3.80%
Other private equity fund | Fair value accounting | Venture capital and private equity fund investments
Venture Capital and Private Equity Fund Investments [Line Items]
Percentage of ownership	58.20%	[2]	58.20%	[2]
Other private equity fund | Fair value accounting | Direct ownership interest | Venture capital and private equity fund investments
Venture Capital and Private Equity Fund Investments [Line Items]
Percentage of ownership	41.50%
Gold Hill Venture Lending 03, LP | Equity method accounting | Other investments
Venture Capital and Private Equity Fund Investments [Line Items]
Percentage of ownership	9.30%	[3]	9.30%	[3]
Gold Hill Venture Lending 03, LP | Equity method accounting | Direct ownership interest | Other investments
Venture Capital and Private Equity Fund Investments [Line Items]
Percentage of ownership	4.80%
Gold Hill Venture Lending 03, LP | Equity method accounting | Indirect ownership interest | Other investments
Venture Capital and Private Equity Fund Investments [Line Items]
Percentage of ownership	4.50%
Other Fund Investments | Venture capital and private equity fund investments
Venture Capital and Private Equity Fund Investments [Line Items]
Number of other funds with investment commitments	332
Upper Limit | Other Fund Investments | Venture capital and private equity fund investments
Venture Capital and Private Equity Fund Investments [Line Items]
Percentage of ownership	5.00%
SVB Capital-NT Growth Partners, LP | Other private equity fund | Fair value accounting | Indirect ownership interest | Venture capital and private equity fund investments
Venture Capital and Private Equity Fund Investments [Line Items]
Percentage of ownership	12.60%
SVB Capital Preferred Return Fund, LP | Other private equity fund | Fair value accounting | Indirect ownership interest | Venture capital and private equity fund investments
Venture Capital and Private Equity Fund Investments [Line Items]
Percentage of ownership	4.10%

[1] At June 30, 2012, we had a direct ownership interest of 1.3 percent and an indirect ownership interest of 3.8 percent in the fund through our ownership interest of SVB Strategic Investors Fund II, LP.

[2] At June 30, 2012, we had a direct ownership interest of 41.5 percent and indirect ownership interests of 12.6 percent and 4.1 percent in the fund through our ownership interest of SVB Capital-NT Growth Partners, LP and SVB Capital Preferred Return Fund, LP, respectively.

[3] At June 30, 2012, we had a direct ownership interest of 4.8 percent in the fund and an indirect interest in the fund through our investment in Gold Hill Venture Lending Partners 03, LLC ("GHLLC") of 4.5 percent. Our aggregate direct and indirect ownership in the fund is 9.3 percent.

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Derivative Financial Instruments - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2012
Derivative Instruments and Hedging Activities Disclosure [Line Items]
Managing interest rate risk for senior notes and subordinated notes	To manage interest rate risk for our 5.70% Senior Notes and 6.05% Subordinated Notes, we entered into fixed-for-floating interest rate swap agreements at the time of debt issuance based upon LIBOR with matched-terms.
Foreign Exchange Forward And Option Contracts | General maturity | Upper Limit
Derivative Instruments and Hedging Activities Disclosure [Line Items]
Contract term	1 year
Foreign Exchange Forward And Option Contracts | Extended maturity | Upper Limit
Derivative Instruments and Hedging Activities Disclosure [Line Items]
Contract term	5 years

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Investment Securities (Tables)

6 Months Ended

Jun. 30, 2012

Major Components of Investment Securities Portfolio

The major components of our investment securities portfolio at June 30, 2012 and December 31, 2011 are as follows:

	June 30, 2012								December 31, 2011
(Dollars in thousands)	Amortized Cost		Unrealized Gains		Unrealized Losses		Carrying Value		Amortized Cost		Unrealized Gains		Unrealized Losses		Carrying Value
Available-for-sale securities, at fair value:
U.S. treasury securities	$	25,146	$	453	$	-	$	25,599	$	25,233	$	731	$	-	$	25,964
U.S. agency debentures		2,571,796		68,328		-		2,640,124		2,822,158		52,864		(90)		2,874,932
Residential mortgage-backed securities:
Agency-issued mortgage-backed securities		1,668,523		45,276		-		1,713,799		1,529,466		34,926		(106)		1,564,286
Agency-issued collateralized mortgage obligations—fixed rate		3,751,327		54,283		(1,399)		3,804,211		3,317,285		56,546		(71)		3,373,760
Agency-issued collateralized mortgage obligations—variable rate		2,103,451		5,081		(83)		2,108,449		2,416,158		1,554		(4,334)		2,413,378
Agency-issued commercial mortgage-backed securities		223,200		4,880		-		228,080		176,646		2,047		-		178,693
Municipal bonds and notes		91,659		8,035		-		99,694		92,241		8,257		-		100,498
Equity securities		1,352		26		(383)		995		5,554		180		(1,199)		4,535
Total available-for-sale securities	$	10,436,454	$	186,362	$	(1,865)	$	10,620,951	$	10,384,741	$	157,105	$	(5,800)	$	10,536,046
Non-marketable securities:
Non-marketable securities (fair value accounting):
Venture capital and private equity fund investments (1)								639,596								611,824
Other venture capital investments (2)								120,111								124,121
Other investments (3)								-								987
Non-marketable securities (equity method accounting):
Other investments (4)								138,993								68,252
Low income housing tax credit funds								58,698								34,894
Non-marketable securities (cost method accounting):
Venture capital and private equity fund investments (5)								153,618								145,007
Other investments								21,296								19,355
Total non-marketable securities								1,132,312								1,004,440
Total investment securities							$	11,753,263							$	11,540,486

(1) The following table shows the amount of venture capital and private equity fund investments by the following consolidated funds and our ownership of each fund at June 30, 2012 and December 31, 2011:

	June 30, 2012					December 31, 2011
(Dollars in thousands)	Amount		Ownership %			Amount		Ownership %
SVB Strategic Investors Fund, LP	$	36,694		12.6	%	$	39,567		12.6	%
SVB Strategic Investors Fund II, LP		109,343		8.6			122,619		8.6
SVB Strategic Investors Fund III, LP		213,405		5.9			218,429		5.9
SVB Strategic Investors Fund IV, LP		146,477		5.0			122,076		5.0
Strategic Investors Fund V, LP		18,134		0.2			8,838		0.3
SVB Capital Preferred Return Fund, LP		50,573		20.0			42,580		20.0
SVB Capital—NT Growth Partners, LP		57,588		33.0			43,958		33.0
SVB Capital Partners II, LP (i)		863		5.1			2,390		5.1
Other private equity fund (ii)		6,519		58.2			11,367		58.2
Total venture capital and private equity fund investments	$	639,596				$	611,824

(i) At June 30, 2012, we had a direct ownership interest of 1.3 percent and an indirect ownership interest of 3.8 percent in the fund through our ownership interest of SVB Strategic Investors Fund II, LP.

(ii) At June 30, 2012, we had a direct ownership interest of 41.5 percent and indirect ownership interests of 12.6 percent and 4.1 percent in the fund through our ownership interest of SVB Capital—NT Growth Partners, LP and SVB Capital Preferred Return Fund, LP, respectively.

(2) The following table shows the amount of other venture capital investments by the following consolidated funds and our ownership of each fund at June 30, 2012 and December 31, 2011:

	June 30, 2012					December 31, 2011
(Dollars in thousands)	Amount		Ownership %			Amount		Ownership %
Silicon Valley BancVentures, LP	$	16,739		10.7	%	$	17,878		10.7	%
SVB Capital Partners II, LP (i)		59,256		5.1			61,099		5.1
SVB India Capital Partners I, LP		40,668		14.4			42,832		14.4
SVB Capital Shanghai Yangpu Venture Capital Fund		3,448		6.8			2,312		6.8
Total other venture capital investments	$	120,111				$	124,121

(i) At June 30, 2012, we had a direct ownership interest of 1.3 percent and an indirect ownership interest of 3.8 percent in the fund through our ownership of SVB Strategic Investors Fund II, LP.

(3) Other investments within non-marketable securities (fair value accounting) include our ownership in Partners for Growth, LP, a consolidated debt fund. At June 30, 2012, we had a majority ownership interest of slightly more than 50.0 percent in the fund. Partners for Growth, LP is managed by a third party and we do not have an ownership interest in the general partner of this fund.

(4) The following table shows the carrying value and our ownership percentage of each investment at June 30, 2012 and December 31, 2011:

	June 30, 2012					December 31, 2011
(Dollars in thousands)	Amount		Ownership %			Amount		Ownership %
Gold Hill Venture Lending 03, LP (i)	$	6,238		9.3	%	$	16,072		9.3	%
Gold Hill Capital 2008, LP (ii)		19,553		15.5			19,328		15.5
Partners for Growth II, LP		3,551		24.2			3,785		24.2
China Joint Venture investment (iii)		79,524		50.0			-		-
Other investments		30,127		N/A			29,067		N/A
Total other investments	$	138,993				$	68,252

(i) At June 30, 2012, we had a direct ownership interest of 4.8 percent in the fund and an indirect interest in the fund through our investment in Gold Hill Venture Lending Partners 03, LLC (“GHLLC”) of 4.5 percent. Our aggregate direct and indirect ownership in the fund is 9.3 percent.

(ii) At June 30, 2012, we had a direct ownership interest of 11.5 percent in the fund and an indirect interest in the fund through our investment in Gold Hill Capital 2008, LLC of 4.0 percent. Our aggregate direct and indirect ownership in the fund is 15.5 percent.

(iii) On May 3, 2012, we contributed $79.7 million to SPD Silicon Valley Bank Co., Ltd., our joint venture bank in China.

(5) Represents investments in 326 and 329 funds (primarily venture capital funds) at June 30, 2012 and December 31, 2011, respectively, where our ownership interest is less than 5% of the voting interests of each such fund and in which we do not have the ability to exercise significant influence over the partnerships operating and financial policies. For the three months ended June 30, 2012, we recognized OTTI losses of $0.2 million resulting from other-than-temporary declines in value for 12 of the 326 investments. For the six months ended June 30, 2012, we recognized OTTI losses of $0.5 million resulting from other-than-temporary declines in value for 30 of the 326 investments. The OTTI losses are included in net gains on investment securities, a component of noninterest income. We concluded that any declines in value for the remaining 296 investments were temporary and as such, no OTTI was required to be recognized. At June 30, 2012, the carrying value of these venture capital and private equity fund investments (cost method accounting) was $153.6 million, and the estimated fair value was $185.3 million.

Summary of Unrealized Losses on Available for Sale Securities

The following table summarizes our unrealized losses on our available-for-sale securities portfolio into categories of less than 12 months, or 12 months or longer as of June 30, 2012:

	June 30, 2012
	Less than 12 months				12 months or longer				Total
(Dollars in thousands)	Fair Value of Investments		Unrealized Losses		Fair Value of Investments		Unrealized Losses		Fair Value of Investments		Unrealized Losses
Residential mortgage-backed securities:
Agency-issued collateralized mortgage obligations—fixed rate	$	425,171	$	(1,399)	$	-	$	-	$	425,171	$	(1,399)
Agency-issued collateralized mortgage obligations—variable rate		182,847		(74)		43,153		(9)		226,000		(83)
Equity securities		162		(178)		243		(205)		405		(383)
Total temporarily impaired securities (1)	$	608,180	$	(1,651)	$	43,396	$	(214)	$	651,576	$	(1,865)

(1) As of June 30, 2012, we identified a total of 33 investments that were in unrealized loss positions, of which five investments totaling $43.4 million with unrealized losses of $0.2 million has been in an impaired position for a period of time greater than 12 months. As of June 30, 2012, we do not intend to sell any impaired debt securities prior to recovery of our adjusted cost basis, and it is more likely than not that we will not be required to sell any of our securities prior to recovery of our adjusted cost basis. Based on our analysis as of June 30, 2012, we deem all impairments to be temporary, and therefore changes in value for our temporarily impaired securities as of the same date are included in other comprehensive income. Market valuations and impairment analyses on assets in the available-for-sale securities portfolio are reviewed and monitored on a quarterly basis.

The following table summarizes our unrealized losses on our available-for-sale securities portfolio into categories of less than 12 months, or 12 months or longer as of December 31, 2011:

	December 31, 2011
	Less than 12 months				12 months or longer				Total
(Dollars in thousands)	Fair Value of Investments		Unrealized Losses		Fair Value of Investments		Unrealized Losses		Fair Value of Investments		Unrealized Losses
U.S. agency debentures	$	50,994	$	(90)	$	-	$	-	$	50,994	$	(90)
Residential mortgage-backed securities:
Agency-issued mortgage-backed securities		54,588		(106)		-		-		54,588		(106)
Agency-issued collateralized mortgage obligations—fixed rate		50,125		(71)		-		-		50,125		(71)
Agency-issued collateralized mortgage obligations—variable rate		1,521,589		(4,334)		-		-		1,521,589		(4,334)
Equity securities		3,831		(1,199)		-		-		3,831		(1,199)
Total temporarily impaired securities	$	1,681,127	$	(5,800)	$	-	$	-	$	1,681,127	$	(5,800)

Summary of Remaining Contractual Principal Maturities and Fully Taxable Equivalent Yields on Debt Securities Classified as Available for Sale

The following table summarizes the remaining contractual principal maturities and fully taxable equivalent yields on debt securities classified as available-for-sale as of June 30, 2012. Interest income on certain municipal bonds and notes (non-taxable investments) are presented on a fully taxable equivalent basis using the federal statutory tax rate of 35.0 percent. The weighted average yield is computed using the amortized cost of debt securities, which are reported at fair value. For U.S. treasury securities, the expected maturity is the actual contractual maturity of the notes. Expected remaining maturities for certain U.S. agency debentures may occur earlier than their contractual maturities because the note issuers have the right to call outstanding amounts ahead of their contractual maturity. Expected maturities for mortgage-backed securities may differ significantly from their contractual maturities because mortgage borrowers have the right to prepay outstanding loan obligations with or without penalties. Mortgage-backed securities classified as available-for-sale typically have original contractual maturities from 10 to 30 years whereas expected average lives of these securities tend to be significantly shorter and vary based upon structure.

	June 30, 2012
	Total					One Year or Less					After One Year to Five Years					After Five Years to Ten Years					After Ten Years
(Dollars in thousands)	Carrying Value		Weighted- Average Yield			Carrying Value		Weighted- Average Yield			Carrying Value		Weighted- Average Yield			Carrying Value		Weighted- Average Yield			Carrying Value		Weighted- Average Yield
U.S. treasury securities	$	25,599		2.39	%	$	25,599		2.39	%	$	-		-	%	$	-		-	%	$	-		-	%
U.S. agency debentures		2,640,124		1.61			35,097		2.13			2,474,409		1.53			130,618		3.07			-		-
Residential mortgage-backed securities:
Agency-issued mortgage-backed securities		1,713,799		2.35			-		-			-		-			1,583,036		2.27			130,763		3.28
Agency-issued collateralized mortgage obligations - fixed rate		3,804,211		2.21			-		-			-		-			-		-			3,804,211		2.21
Agency-issued collateralized mortgage obligations - variable rate		2,108,449		0.70			-		-			-		-			-		-			2,108,449		0.70
Agency-issued commercial mortgage-backed securities		228,080		2.09			-		-			-		-			-		-			228,080		2.09
Municipal bonds and notes		99,694		6.00			941		5.20			15,195		5.55			50,166		6.00			33,392		6.24
Total	$	10,619,956		1.82		$	61,637		2.28		$	2,489,604		1.55		$	1,763,820		2.44		$	6,304,895		1.74

Components of Gains and Losses (Realized and Unrealized) on Investment Securities

The following table presents the components of gains and losses (realized and unrealized) on investment securities for the three and six months ended June 30, 2012 and 2011:

	Three months ended June 30,				Six months ended June 30,
(Dollars in thousands)	2012		2011		2012		2011
Gross gains on investment securities:
Available-for-sale securities, at fair value (1)	$	5,322	$	37,314	$	5,343	$	37,377
Marketable securities (fair value accounting)		3,303		-		3,619		442
Non-marketable securities (fair value accounting):
Venture capital and private equity fund investments		33,288		37,205		59,398		82,704
Other venture capital investments		1,556		2,071		3,333		7,019
Other investments		-		-		21		20
Non-marketable securities (equity method accounting):
Other investments		5,389		3,132		6,811		6,516
Non-marketable securities (cost method accounting):
Venture capital and private equity fund investments		538		801		945		1,056
Other investments		264		2,256		306		2,429
Total gross gains on investment securities		49,660		82,779		79,776		137,563
Gross losses on investment securities:
Available-for-sale securities, at fair value (1)		(755)		(93)		(1,650)		(94)
Marketable securities (fair value accounting)		(754)		(3,307)		(754)		(4,115)
Non-marketable securities (fair value accounting):
Venture capital and private equity fund investments		(18,618)		(4,845)		(32,533)		(6,901)
Other venture capital investments		(3,219)		(1,420)		(9,882)		(1,664)
Non-marketable securities (equity method accounting):
Other investments		(327)		(1,110)		(703)		(1,309)
Non-marketable securities (cost method accounting):
Venture capital and private equity fund investments		(177)		(293)		(540)		(432)
Other investments		(1)		(31)		(66)		(31)
Total gross losses on investment securities		(23,851)		(11,099)		(46,128)		(14,546)
Gains on investment securities, net	$	25,809	$	71,680	$	33,648	$	123,017
Gains attributable to noncontrolling interests, including carried interest	$	14,502	$	26,437	$	21,840	$	69,822

(1) The cost basis of available-for-sale securities sold is determined on a specific identification basis.

XML

Summary of Other Noninterest Expense (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Other Noninterest Expense [Line Items]
Telephone	$ 1,547	$ 1,416	$ 3,331	$ 2,766
Client services	1,739	1,037	2,992	1,839
Data processing services	1,310	1,429	2,715	2,492
Tax credit fund amortization	962	1,101	2,020	2,154
Postage and supplies	628	562	1,253	1,084
Dues and publications	557	327	1,031	701
Net gain from note repurchases and termination of corresponding interest rate swaps		(3,123)		(3,123)
Other	2,675	2,287	3,883	4,986
Total other noninterest expense	$ 9,418	$ 5,036	$ 17,225	$ 12,899

XML

Share Based Compensation and Related Benefits (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Share-based compensation expense	$ 5,828	$ 4,706	$ 10,977	$ 8,949
Income tax benefit related to share-based compensation expense	$ (1,489)	$ (1,243)	$ (2,688)	$ (2,276)

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Fair Value of Financial Instruments

6 Months Ended

Jun. 30, 2012

Fair Value of Financial Instruments

13. Fair Value of Financial Instruments

Fair Value Measurements

Our available-for-sale securities, derivative instruments and certain non-marketable and marketable securities are financial instruments recorded at fair value on a recurring basis. We make estimates regarding valuation of assets and liabilities measured at fair value in preparing our interim consolidated financial statements.

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (the “exit price”) in an orderly transaction between market participants at the measurement date. There is a three-level hierarchy for disclosure of assets and liabilities recorded at fair value. The classification of assets and liabilities within the hierarchy is based on whether the inputs to the valuation methodology used for measurement are observable or unobservable and the significance of those inputs in the fair value measurement. Observable inputs reflect market-derived or market-based information obtained from independent sources, while unobservable inputs reflect our estimates about market data and views of market participants. The three levels for measuring fair value are based on the reliability of inputs and are as follows:

Level 1

Fair value measurements based on quoted prices in active markets for identical assets or liabilities that we have the ability to access. Valuation adjustments and block discounts are not applied to instruments utilizing Level 1 inputs. Since valuations are based on quoted prices that are readily and regularly available in an active market, valuation of these instruments does not entail a significant degree of judgment. Assets utilizing Level 1 inputs include exchange-traded equity securities and certain marketable securities accounted for under fair value accounting.

Level 2

Fair value measurements based on quoted prices in markets that are not active or for which all significant inputs are observable, directly or indirectly. Valuations for the available-for-sale securities are provided by independent external pricing service providers. We review the methodologies used to determine the fair value, including understanding the nature and observability of the inputs used to determine the price. Additional corroboration, such as obtaining a non-binding price from a broker, may be required depending on the frequency of trades of the security and the level of liquidity or depth of the market. The valuation methodology that is generally used for the Level 2 assets is the income approach. Below is a summary of the significant inputs used for each class of Level 2 assets and liabilities:

U.S. treasury securities: U.S. treasury securities are considered by most investors to be the most liquid fixed income investments available. These securities are priced relative to market prices on similar U.S. treasury securities.

U.S. agency debentures: Fair value measurements of U.S. agency debentures are based on the characteristics specific to bonds held, such as issuer name, coupon rate, maturity date and any applicable issuer call option features. Valuations are based on market spreads relative to similar term benchmark market interest rates, generally U.S. treasury securities.

Agency-issued mortgage-backed securities: Agency-issued mortgage-backed securities are pools of individual conventional mortgage loans underwritten to U.S. agency standards with similar coupon rates, tenor, and other attributes such as geographic location, loan size and origination vintage. Fair value measurements of these securities are based on observable price adjustments relative to benchmark market interest rates taking into consideration estimated loan prepayment speeds.

Agency-issued collateralized mortgage obligations: Agency-issued collateralized mortgage obligations are structured into classes or tranches with defined cash flow characteristics and are collateralized by U.S. agency-issued mortgage pass-through securities. Fair value measurements of these securities incorporate similar characteristics of mortgage pass-through securities such as coupon rate, tenor, geographic location, loan size and origination vintage, in addition to incorporating the effect of estimated prepayment speeds on the cash flow structure of the class or tranche. These measurements incorporate observable market spreads over an estimated average life after considering the inputs listed above.

Agency-issued commercial mortgage-backed securities: Fair value measurements of these securities are based on spreads to benchmark market interest rates (usually U.S. treasury rates or rates observable in the swaps market), prepayment speeds, loan default rate assumptions and loan loss severity assumptions on underlying loans.

Municipal bonds and notes: Bonds issued by municipal governments generally have stated coupon rates, final maturity dates and are subject to being called ahead of the final maturity date at the option of the issuer. Fair value measurements of these securities are priced based on spreads to other municipal benchmark bonds with similar characteristics; or, relative to market rates on U.S. treasury bonds of similar maturity.

Interest rate swap assets: Fair value measurements of interest rate swaps are priced considering the coupon rate of the fixed leg of the contract and the variable coupon on the floating leg of the contract. Valuation is based on both spot and forward rates on the swap yield curve and the credit worthiness of the contract counterparty.

Foreign exchange forward and option contract assets and liabilities: Fair value measurements of these assets and liabilities are priced based on spot and forward foreign currency rates and option volatility assumptions and the credit worthiness of the contract counterparty.

Equity warrant assets (public portfolio): Fair value measurements of equity warrant assets of public portfolio companies are priced based on the Black-Scholes option pricing model that use the publicly-traded equity prices (underlying stock value), stated strike prices, option expiration dates, the risk-free interest rate and market-observable option volatility assumptions.

Level 3

The fair value measurement is derived from valuation techniques that use significant assumptions not observable in the market. These unobservable assumptions reflect our own estimates of assumptions we believe market participants would use in pricing the asset. Below is a summary of the valuation techniques used for each class of Level 3 assets:

Venture capital and private equity fund investments: Fair value measurements are based on the information provided by the investee funds’ management, which reflects our share of the fair value of the net assets of the investment fund on the valuation date. We account for differences between our measurement date and the date of the fund investment’s net asset value by using the most recent available financial information from the investee general partner, adjusted for any contributions paid, distributions received from the investment, and significant fund transactions or market events during the reporting period.

Other venture capital investments: Fair value measurements are based on consideration of a range of factors including, but not limited to, the price at which the investment was acquired, the term and nature of the investment, local market conditions, values for comparable securities, and as it relates to the private company, the current and projected operating performance, exit strategies and financing transactions subsequent to the acquisition of the investment. The significant unobservable inputs used in the fair value measurement include the information about each portfolio company, including actual and forecasted results, cash position, recent or planned transactions and market comparable companies. Significant changes to any one of these inputs in isolation could result in a significant change in the fair value measurement, however, we generally consider all factors available through ongoing communication with the portfolio companies and venture capital fund managers to determine whether there are changes to the portfolio company or the environment that indicate a change in the fair value measurement.

Equity warrant assets (private portfolio): Fair value measurements of equity warrant assets of private portfolio companies are priced based on a modified Black-Scholes option pricing model to estimate the underlying asset value by using stated strike prices, option expiration dates, risk-free interest rates and option volatility assumptions. Option volatility assumptions used in the modified Black-Scholes model are based on public market indices whose members operate in similar industries as companies in our private company portfolio. Option expiration dates are modified to account for estimates to actual life relative to stated expiration. Overall model asset values are further adjusted for a general lack of liquidity due to the private nature of the associated underlying company. There is a direct correlation between changes in the volatility and remaining life assumptions in isolation and the fair value measurement while there is an inverse correlation between changes in the liquidity discount assumption and the fair value measurement.

It is our policy to maximize the use of observable inputs and minimize the use of unobservable inputs when developing fair value measurements. When available, we use quoted market prices to measure fair value. If market prices are not available, fair value measurement is based upon valuation techniques that use primarily market-based or independently-sourced market parameters, including interest rate yield curves, prepayment speeds, option volatilities and currency rates. Substantially all of our financial instruments use either of the foregoing methodologies, and are categorized as a Level 1 or Level 2 measurement in the fair value hierarchy. However, in certain cases, when market observable inputs for our valuation techniques may not be readily available, we are required to make judgments about assumptions we believe market participants would use in estimating the fair value of the financial instrument, and based on the significance of those judgments, the measurement may be determined to be a Level 3 fair value measurement.

        The degree of management judgment involved in determining the fair value of a financial instrument is dependent upon the availability of quoted market prices or observable market parameters. For financial instruments that trade actively and have quoted market prices or observable market parameters, there is minimal subjectivity involved in measuring fair value. When observable market prices and parameters are not fully available, management judgment is necessary to estimate fair value. For inactive markets, there is little information, if any, to evaluate if individual transactions are orderly. Accordingly, we are required to estimate, based upon all available facts and circumstances, the degree to which orderly transactions are occurring and provide more weighting to price quotes that are based upon orderly transactions. In addition, changes in the market conditions may reduce the availability of quoted prices or observable data. For example, reduced liquidity in the capital markets or changes in secondary market activities could result in observable market inputs becoming unavailable. Therefore, when market data is not available, we use valuation techniques requiring more management judgment to estimate the appropriate fair value measurement. Accordingly, the degree of judgment exercised by management in determining fair value is greater for financial assets and liabilities categorized as Level 3.

The following fair value hierarchy tables present information about our assets and liabilities that are measured at fair value on a recurring basis as of June 30, 2012:

(Dollars in thousands)	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Balance as of June 30, 2012
Assets
Available-for-sale securities:
U.S. treasury securities	$	-	$	25,599	$	-	$	25,599
U.S. agency debentures		-		2,640,124		-		2,640,124
Residential mortgage-backed securities:
Agency-issued mortgage-backed securities		-		1,713,799		-		1,713,799
Agency-issued collateralized mortgage obligations - fixed rate		-		3,804,211		-		3,804,211
Agency-issued collateralized mortgage obligations - variable rate		-		2,108,449		-		2,108,449
Agency-issued commercial mortgage-backed securities		-		228,080		-		228,080
Municipal bonds and notes		-		99,694		-		99,694
Equity securities		995		-		-		995
Total available-for-sale securities		995		10,619,956		-		10,620,951
Non-marketable securities (fair value accounting):
Venture capital and private equity fund investments		-		-		639,596		639,596
Other venture capital investments		-		-		120,111		120,111
Total non-marketable securities (fair value accounting)		-		-		759,707		759,707
Other assets:
Marketable securities		1,042		3,694		-		4,736
Interest rate swaps		-		9,331		-		9,331
Foreign exchange forward and option contracts		-		20,582		-		20,582
Equity warrant assets		-		5,786		68,619		74,405
Loan conversion options		-		1,569		-		1,569
Client interest rate derivatives		-		57		-		57
Total assets (1)	$	2,037	$	10,660,975	$	828,326	$	11,491,338
Liabilities
Foreign exchange forward and option contracts	$	-	$	15,361	$	-	$	15,361
Client interest rate derivatives		-		59		-		59
Total liabilities	$	-	$	15,420	$	-	$	15,420

(1) Included in Level 1, Level 2, and Level 3 assets are $0.9 million, $3.5 million, and $671.9 million, respectively, attributable to noncontrolling interests calculated based on the ownership percentages of the noncontrolling interests.

The following fair value hierarchy tables present information about our assets and liabilities that are measured at fair value on a recurring basis as of December 31, 2011:

(Dollars in thousands)	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Balance as of December  31, 2011
Assets
Available-for-sale securities:
U.S. treasury securities	$	-	$	25,964	$	-	$	25,964
U.S. agency debentures		-		2,874,932		-		2,874,932
Residential mortgage-backed securities:
Agency-issued mortgage-backed securities		-		1,564,286		-		1,564,286
Agency-issued collateralized mortgage obligations - fixed rate		-		3,373,760		-		3,373,760
Agency-issued collateralized mortgage obligations - variable rate		-		2,413,378		-		2,413,378
Agency-issued commercial mortgage-backed securities		-		178,693		-		178,693
Municipal bonds and notes		-		100,498		-		100,498
Equity securities		4,535		-		-		4,535
Total available-for-sale securities		4,535		10,531,511		-		10,536,046
Non-marketable securities (fair value accounting):
Venture capital and private equity fund investments		-		-		611,824		611,824
Other venture capital investments		-		-		124,121		124,121
Other investments		-		-		987		987
Total non-marketable securities (fair value accounting)		-		-		736,932		736,932
Other assets:
Marketable securities		1,410		-		-		1,410
Interest rate swaps		-		11,441		-		11,441
Foreign exchange forward and option contracts		-		18,326		-		18,326
Equity warrant assets		-		3,923		63,030		66,953
Loan conversion options		-		923		-		923
Client interest rate derivatives		-		50		-		50
Total assets (1)	$	5,945	$	10,566,174	$	799,962	$	11,372,081
Liabilities
Foreign exchange forward and option contracts	$	-	$	16,816	$	-	$	16,816
Client interest rate derivatives		-		52		-		52
Total liabilities	$	-	$	16,868	$	-	$	16,868

(1) Included in Level 1 and Level 3 assets are $1.2 million and $647.5 million, respectively, attributable to noncontrolling interests calculated based on the ownership percentages of the noncontrolling interests.

The following table presents additional information about Level 3 assets measured at fair value on a recurring basis for the three and six months ended June 30, 2012 and 2011, respectively:

(Dollars in thousands)	Beginning Balance		Total Realized and Unrealized Gains (Losses) Included in Income		Purchases		Sales		Issuances		Distributions and Other Settlements		Transfers  Into Level 3		Transfers Out of Level 3		Ending Balance
Three months ended June 30, 2012:
Non-marketable securities (fair value accounting):
Venture capital and private equity fund investments	$	620,356	$	14,557	$	33,365	$	-	$	-	$	(28,682)	$	-	$	-	$	639,596
Other venture capital investments		127,951		(3,540)		211		(3,932)		-		16		-		(595)		120,111
Other investments		1,002		-		-		-		-		(1,002)		-		-		-
Total non-marketable securities (fair value accounting) (1)		749,309		11,017		33,576		(3,932)		-		(29,668)		-		(595)		759,707
Other assets:
Equity warrant assets (2)		65,217		5,853		-		(6,075)		3,873		-				(249)		68,619
Total assets	$	814,526	$	16,870	$	33,576	$	(10,007)	$	3,873	$	(29,668)	$	-	$	(844)	$	828,326
Three months ended June 30, 2011:
Non-marketable securities (fair value accounting):
Venture capital and private equity fund investments	$	464,377	$	32,423	$	37,335	$	-	$	-	$	(19,017)	$	-	$	-	$	515,118
Other venture capital investments		108,525		660		4,639		(4,042)		-		4,288		-		-		114,070
Other investments		995		-		-		-		-		-		-		-		995
Total non-marketable securities (fair value accounting) (1)		573,897		33,083		41,974		(4,042)		-		(14,729)		-		-		630,183
Other assets:
Equity warrant assets (2)		46,260		10,246		-		(9,924)		3,558		(1)		-		(362)		49,777
Total assets	$	620,157	$	43,329	$	41,974	$	(13,966)	$	3,558	$	(14,730)	$	-	$	(362)	$	679,960
Six months ended June 30, 2012:
Non-marketable securities (fair value accounting):
Venture capital and private equity fund investments	$	611,824	$	26,661	$	55,081	$	-	$	-	$	(53,970)	$	-	$	-	$	639,596
Other venture capital investments		124,121		(7,127)		7,935		(4,239)		-		16		-		(595)		120,111
Other investments		987		21		-		-		-		(1,008)		-		-		-
Total non-marketable securities (fair value accounting) (1)		736,932		19,555		63,016		(4,239)		-		(54,962)		-		(595)		759,707
Other assets:
Equity warrant assets (2)		63,030		9,648		-		(9,718)		6,173		1		-		(515)		68,619
Total assets	$	799,962	$	29,203	$	63,016	$	(13,957)	$	6,173	$	(54,961)	$	-	$	(1,110)	$	828,326
Six months ended June 30, 2011:
Non-marketable securities (fair value accounting):
Venture capital and private equity fund investments	$	391,247	$	75,991	$	77,400	$	-	$	-	$	(29,520)	$	-	$	-	$	515,118
Other venture capital investments		111,843		5,371		10,746		(18,178)		-		4,288		-		-		114,070
Other investments		981		20		-		-		-		(6)		-		-		995
Total non-marketable securities (fair value accounting) (1)		504,071		81,382		88,146		(18,178)		-		(25,238)		-		-		630,183
Other assets:
Equity warrant assets (2)		43,537		13,211		-		(13,462)		7,182		(63)		-		(628)		49,777
Total assets	$	547,608	$	94,593	$	88,146	$	(31,640)	$	7,182	$	(25,301)	$	-	$	(628)	$	679,960

(1) Realized and unrealized gains (losses) are recorded on the line items “gains on investment securities, net”, and “other noninterest income”, components of noninterest income.

(2) Realized and unrealized gains (losses) are recorded on the line item “gains on derivative instruments, net”, a component of noninterest income.

The following table presents the amount of unrealized gains (losses) included in earnings (which is inclusive of noncontrolling interest) attributable to Level 3 assets still held at June 30, 2012:

	Three months ended  June  30, 2012		Six months ended  June 30, 2012
Non-marketable securities (fair value accounting):
Venture capital and private equity fund investments	$	(9,872)	$	(16,986)
Other venture capital investments		10,819		8,208
Other investments		-		21
Total non-marketable securities (fair value accounting) (1)		947		(8,757)
Other assets:
Equity warrant assets (2)		2,888		3,392
Total unrealized gains	$	3,835	$	(5,365)
Unrealized gains (losses) attributable to noncontrolling interests	$	457	$	(9,425)

(1) Unrealized gains (losses) are recorded on the line items “gains on investment securities, net”, and “other noninterest income”, components of noninterest income.

(2) Unrealized gains are recorded on the line item “gains on derivative instruments, net”, a component of noninterest income.

The following table presents quantitative information about the significant unobservable inputs used for certain of our Level 3 fair value measurements at June 30, 2012. We have not included in this table our venture capital and private equity fund investments (fair value accounting) as we use net asset value per share (as obtained from the general partners of the investments) as a practical expedient to determine fair value.

(Dollars in thousands)	Fair Value at June 30, 2012		Valuation Technique	Significant Unobservable Inputs	Weighted  Average
Other venture capital investments (fair value accounting)	$	120,111	Private company equity pricing	(1)	(1)
Equity warrant assets (private portfolio)		68,619	Modifed Black-Scholes option	Volatility	51.2%
			pricing model	Risk-Free interest rate	0.4%
				Marketability discount (2)	15.0%
				Remaining life assumption (3)	40.0%

(1) In determining the fair value of our other venture capital investment portfolio, we evaluate a variety of factors related to each underlying private portfolio company including, but not limited to, actual and forecasted results, cash position, recent or planned transactions and market comparable companies. Additionally, we have ongoing communication with the portfolio companies and venture capital fund managers, to determine whether there is a material change in fair value. These factors are specific to each portfolio company and a weighted average or range of values of the unobservable inputs is not meaningful.

(2) Our marketability discount is applied to all private company warrants to account for a general lack of liquidity due to the private nature of the associated underlying company. The quantitative measure used is based on long-run averages and is influenced over time by various factors, such as market conditions. On a quarterly basis, a sensitivity analysis is performed on our marketability discount.

(3) We adjust the contractual remaining term of private company warrants based on our best estimate of the actual remaining life, which we determine by utilizing historical data on cancellations and exercises. At June 30, 2012, the weighted average contractual remaining term was 6.5 years, compared to our estimated remaining life of 2.6 years. On a quarterly basis, a sensitivity analysis is performed on our remaining life assumption.

For the three and six months ended June 30, 2012 and 2011, we had no transfers between Level 1 and Level 2. Transfers from Level 3 to Level 2 for the three and six months ended June 30, 2012 included $0.6 million due to the IPO of one of our portfolio companies, which was included in our non-marketable securities portfolio. All other transfers from Level 3 to Level 2 for the three and six months ended June 30, 2012 and all transfers for the three and six months ended June 30, 2011 were due to the transfer of equity warrant assets from our private portfolio to our public portfolio (See our Level 3 reconciliation above). All amounts reported as transfers represent the fair value as of the date of the change in circumstances that caused the transfer.

Financial Instruments not Carried at Fair Value

FASB guidance over financial instruments requires that we disclose estimated fair values for our financial instruments not carried at fair value. Fair value estimates, methods and assumptions, set forth below for our financial instruments, are made solely to comply with these requirements.

Fair values are based on estimates or calculations at the transaction level using present value techniques in instances where quoted market prices are not available. Because broadly traded markets do not exist for many of our financial instruments, the fair value calculations attempt to incorporate the effect of current market conditions at a specific time. The aggregation of the fair value calculations presented herein does not represent, and should not be construed to represent, the underlying value of the Company.

The following describes the methods and assumptions used in estimating the fair values of financial instruments, excluding financial instruments already recorded at fair value as described above.

Cash and Cash Equivalents

Cash and cash equivalents include cash on hand, cash balances due from banks, interest-earning deposits, securities purchased under agreement to resell and other short-term investment securities. The carrying amount is a reasonable estimate of fair value because of the insignificant risk of changes in fair value due to changes in market interest rates, and the instruments are purchased in conjunction with our cash management activities.

Non-Marketable Securities (Cost and Equity Method Accounting)

Non-marketable securities (cost and equity method accounting) includes other investments (equity method accounting), low income housing tax credit funds (equity method accounting), venture capital and private equity fund investments (cost method accounting), and other venture capital investments (cost method accounting). The fair value of other investments (equity method accounting), venture capital and private equity fund investments (cost method accounting), and other venture capital investments (cost method accounting) is based on financial information obtained from the investee or obtained from the fund investments’ or debt fund investments’ respective general partners. For private company investments, fair value is based on consideration of a range of factors including, but not limited to, the price at which the investment was acquired, the term and nature of the investment, local market conditions, values for comparable securities, current and projected operating performance, exit strategies and financing transactions subsequent to the acquisition of the investment. For our fund investments, we utilize the net asset value per share as obtained from the general partners of the investments. We adjust the net asset value per share for differences between our measurement date and the date of the fund investment’s net asset value by using the most recently available financial information from the investee general partner, for example March 31^st, for our June 30^th consolidated financial statements, adjusted for any contributions paid, distributions received from the investment, and significant fund transactions or market events during the reporting period. The carrying value of our low income housing tax credit funds (equity method accounting) is a reasonable estimate of fair value.

Loans

The fair value of fixed and variable rate loans is estimated by discounting contractual cash flows using rates that reflect current pricing for similar loans and the projected forward yield curve. This method is not based on the exit price concept of fair value required under ASC 820, Fair Value Measurements and Disclosures.

FHLB and FRB stock

Investments in FHLB and FRB stock are recorded at cost. The carrying amounts of these investments are reasonable estimates of fair value because the securities are restricted to member banks and they do not have a readily determinable market value.

Accrued Interest Receivable and Payable

The carrying amounts of accrued interest receivable and payable are reasonable estimates of fair value due to the short-term nature of these instruments.

Deposits

The fair value of deposits with no stated maturity, such as noninterest-bearing demand deposits, interest-bearing checking accounts, money market accounts and interest-bearing sweep deposits is equal to the amount payable on demand at the measurement date. The fair value of time deposits is estimated by discounting the cash flows using our cost of borrowings and the projected forward yield curve over their remaining contractual term.

Short-Term Borrowings

Short-term borrowings at June 30, 2012 included cash collateral received from our counterparty for our interest rate swap agreement related to our 6.05% Subordinated Notes. The carrying amount of the cash collateral is a reasonable estimate of fair value.

Long-Term Debt

Long-term debt at June 30, 2012 included our 5.375% Senior Notes, 7.0% Junior Subordinated Debentures and 6.05% Subordinated Notes. The fair value of long-term debt is generally based on quoted market prices, when available, or is estimated based on calculations utilizing third-party pricing services and current market spread, price indications from reputable dealers or observable market prices of the underlying instrument(s), whichever is deemed more reliable. Also included in the estimated fair value of our 6.05% Subordinated Notes are amounts related to the fair value of the interest rate swap associated with the note.

Off-Balance Sheet Financial Instruments

The fair value of net available commitments to extend credit is estimated based on the average amount we would receive or pay to execute a new agreement with identical terms and pricing, while taking into account the counterparties’ credit standing.

Letters of credit are carried at their fair value, which is equivalent to the residual premium or fee at June 30, 2012 or December 31, 2011. Commitments to extend credit and letters of credit typically result in loans with a market interest rate if funded.

The information presented herein is based on pertinent information available to us as of June 30, 2012 and December 31, 2011. The following fair value hierarchy table presents the estimated fair values of our financial instruments that are not carried at fair value at June 30, 2012 and December 31, 2011:

			Estimated Fair Value
(Dollars in thousands)	Carrying Amount		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
June 30, 2012:
Financial assets:
Cash and cash equivalents	$	1,411,725	$	1,411,725	$	-	$	-
Non-marketable securities (cost and equity method accounting)		372,605		-		-		407,262
Net commercial loans		6,968,693		-		-		7,145,552
Net consumer loans		722,893		-		-		743,208
FHLB and FRB stock		39,301		-		-		39,301
Accrued interest receivable		62,359		-		62,359		-
Financial liabilities:
Other short-term borrowings		5,880		5,880		-		-
Non-maturity deposits (1)		17,900,604		17,900,604		-		-
Time deposits		168,208		-		167,917		-
5.375% Senior Notes		347,893		-		380,961		-
6.05% Subordinated Notes (2)		55,054		-		60,411		-
7.0% Junior Subordinated Debentures		55,285		-		51,897		-
Accrued interest payable		6,496		-		6,496		-
Off-balance sheet financial assets:
Commitments to extend credit		-		-		-		22,343
December 31, 2011:
Financial assets:
Cash and cash equivalents	$	1,114,948	$	1,114,948	$	-	$	-
Non-marketable securities (cost and equity method accounting)		267,508		-		-		290,393
Net commercial loans		6,192,578		-		-		6,336,705
Net consumer loans		687,557		-		-		627,733
FHLB and FRB stock		39,189		-		-		39,189
Accrued interest receivable		58,108		-		58,108		-
Financial liabilities:
Non-maturity deposits (1)		16,553,787		16,553,787		-		-
Time deposits		155,749		-		155,346		-
5.375% Senior Notes		347,793		-		362,786		-
6.05% Subordinated Notes (2)		55,075		-		57,746		-
5.70% Senior Notes (3)		143,969		-		145,184		-
7.0% Junior Subordinated Debentures		55,372		-		51,526		-
Other long-term debt		1,439		-		-		1,439
Accrued interest payable		6,689		-		6,689		-
Off-balance sheet financial assets:
Commitments to extend credit		-		-		-		21,232

(1) Includes noninterest-bearing demand deposits, interest-bearing checking accounts, money market accounts and interest-bearing sweep deposits.

(2) At June 30, 2012 and December 31, 2011, included in the carrying value and estimated fair value of our 6.05% Subordinated Notes was $9.3 million and $8.8 million, respectively, related to the fair value of the interest rate swap associated with the notes.

(3) At December 31, 2011, included in the carrying value and estimated fair value of our 5.70% Senior Notes was $2.6 million related to the fair value of the interest rate swap associated with the notes.

Investments in Entities that Calculate Net Asset Value Per Share

FASB guidance over certain fund investments requires that we disclose the fair value of funds, significant investment strategies of the investees, redemption features of the investees, restrictions on the ability to sell investments, estimate of the period of time over which the underlying assets are expected to be liquidated by the investee, and unfunded commitments related to the investments.

Our investments in debt funds and venture capital and private equity fund investments generally cannot be redeemed. Alternatively, we expect distributions, if any, to be received primarily through IPOs and M&A activity of the underlying assets of the fund. We currently do not have any plans to sell any of these fund investments. If we decide to sell these investments in the future, the investee fund’s management must approve of the buyer before the sale of the investments can be completed. The fair values of the fund investments have been estimated using the net asset value per share of the investments, adjusted for any differences between our measurement date and the date of the fund investment’s net asset value by using the most recently available financial information from the investee general partner, for example March 31^st, for our June 30^th consolidated financial statements, adjusted for any contributions paid, distributions received from the investment, and significant fund transactions or market events during the reporting period.

The following table is a summary of the estimated fair values of these investments and remaining unfunded commitments for each major category of these investments as of June 30, 2012:

(Dollars in thousands)	Carrying Amount		Fair Value		Unfunded       Commitments
Non-marketable securities (fair value accounting):
Venture capital and private equity fund investments (1)	$	639,596	$	639,596	$	377,037
Non-marketable securities (equity method accounting):
Other investments (2)		51,102		52,185		7,750
Non-marketable securities (cost method accounting):
Venture capital and private equity fund investments (3)		153,618		185,335		67,988
Total	$	844,316	$	877,116	$	452,775

(1) Venture capital and private equity fund investments within non-marketable securities (fair value accounting) include investments made by our managed funds of funds, one of our direct venture funds and one other private equity fund. These investments represent investments in venture capital and private equity funds that invest primarily in U.S. and global technology and life sciences companies. Included in the fair value and unfunded commitments of fund investments under fair value accounting are $562.6 million and $365.2 million, respectively, attributable to noncontrolling interests. It is estimated that we will receive distributions from the fund investments over the next 10 to 13 years, depending on the age of the funds and any potential extensions of terms of the funds.

(2) Other investments within non-marketable securities (equity method accounting) include investments in debt funds and venture capital and private equity fund investments that invest in or lend money to primarily U.S. and global technology and life sciences companies. It is estimated that we will receive distributions from the fund investments over the next 10 to 13 years, depending on the age of the funds.

(3) Venture capital and private equity fund investments within non-marketable securities (cost method accounting) include investments in venture capital and private equity fund investments that invest primarily in U.S. and global technology and life sciences companies. It is estimated that we will receive distributions from the fund investments over the next 10 to 13 years, depending on the age of the funds and any potential extensions of the terms of the funds.