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Silvergate Bank

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Deposit Rates - May 19, 2022

SAVINGS RATES APY MIN
Savings
0.05% $2,500 Compare
MM RATES APY MIN
Money Market
0.01% $2,500 Compare
Money Market
0.01% $10,000 Compare
Money Market
0.01% $25,000 Compare
INT CHECKING RATES APY MIN
Int Ckg
0.05% $2,500

Overview 2022

General Bank Information

FDIC Insured Yes
FDIC Certificate # 27330
Date Established 1988
Assets $ 16.00 billion
Loans $ 1,780.50 million
Deposits $ 14.38 billion
Capital $ 1,539.91 million

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 5.39 billion
Interest-bearing balances $ 5.18 billion
Total securities $ 8.63 billion
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,780.50 million
Loan loss allowance $ 6.92 million
Trading account assets $ 52.89 million
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 150.82 million
     Total Assets $ 14.46 billion

LIABILITIES
Total deposits $ 14.38 billion
      Interest-bearing deposits $ 77.16 million
      Deposits held in domestic offices $ 14.38 billion
      % insured (estimated) 1.69%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities $ 71.06 million
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 18.52 millionn
      Total Liabilities $ 14.46 billion
      Shareholders’ Equity $ 1,539.91 million

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 130.38 million
Total Interest Expense $ 0.13 million
Net interest income $ 130.24 million
Provision for loan and lease losses N.A.
Total non interest income $ 40.02 million
Total non interest expense $ 85.29 million
Pre-tax Net Operating Income $ 84.97 million

Silvergate Bank is an FDIC insured institution headquartered at 4250 Executive Square Suite 300, La Jolla, CA 92037.
It was founded in 1988 and has approximately $16 billion in assets. Customers can open an account at one of its 6 branches.

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Savings Comparison

This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.

PRODUCT
BANK
BANK TYPE
STATE
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
MILES

Tax Rate: 30%

All calculations are for demonstration purposes only.

  • 1
    LOCAL SAVINGS
    Silvergate Bank
    Bank
    CALIFORNIA
    $50,000
    N.A.
    0.05%
    0.44x (National Avg. - 0.11%)
    $2,500
    -
    SCENARIO
    Year Rate
    0.05%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 25 18
    2 50,025 25 18
    3 50,050 25 18
    4 50,075 25 18
    5 50,100 25 18
    6 50,125 25 18
    7 50,150 25 18
    8 50,175 25 18
    9 50,200 25 18
    10 50,225 25 18
    11 50,251 25 18
    12 50,276 25 18
    13 50,301 25 18
    14 50,326 25 18
    15 50,351 25 18
    16 50,376 25 18
    17 50,402 25 18
    18 50,427 25 18
    19 50,452 25 18
    20 50,477 25 18
    TOTAL $502 $352
  • 2
    ONLINE SAVINGS
    Ivy Bank , ★ TOP PICK ★
    Online Bank
    -
    $50,000
    N.A.
    0.85%
    7.46x (National Avg. - 0.11%)
    $2,500
    -
    SCENARIO
    Year Rate
    0.85%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 425 298
    2 50,425 429 300
    3 50,854 432 303
    4 51,286 436 305
    5 51,722 440 308
    6 52,161 443 310
    7 52,605 447 313
    8 53,052 451 316
    9 53,503 455 318
    10 53,958 459 321
    11 54,416 463 324
    12 54,879 466 327
    13 55,345 470 329
    14 55,816 474 332
    15 56,290 478 335
    16 56,769 483 338
    17 57,251 487 341
    18 57,738 491 344
    19 58,229 495 346
    20 58,724 499 349
    TOTAL $9,223 $6,456


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