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Silvergate Bank

La Jolla, CA · Cert 27330

FDIC · 2 branches

Q2 2024

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets3

Basis

Quarter: Q2 2024, the quarter ended June 30, 2024, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks under $1B in assets (n=608 to 615). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

96

Q2 2024Q2 2024peer median (50)

Asset Quality

No peer data yet

Profitability

1

Q2 2024Q2 2024peer median (50)

Liquidity

No peer data yet

Efficiency

0

Q2 2024Q2 2024peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Silvergate Bank

La Jolla, CA · Cert 27330

FDIC · 2 branches

Q2 2024

$202.3MAssets
n/aLoans
n/aDeposits
$139.4MEquity
Deposit mix
100%Interest-bearing $00%Noninterest $0Q2 2023Q2 2024

NIM

1.50%Q2 ’2214.15%Q2 ’231.68%Q2 ’24+222%-65%

Non-interest income vs. expense

0.64%Q2 ’2221.34%Q2 ’2364.87%Q2 ’24+8998%+69%

Market Position · San Diego-Chula Vista-Carlsbad, CA · 2023 SOD (annual) · 0.8% share · #15 of 45 inst. · $0.9B of $121.7B

Executive Summary

  • Earnings: ROA of -61.48%, down 3,848 bps year over year; NIM at 1.68%.
  • Capital: tier 1 leverage ratio of 55.28%, up 4,125 bps from a year ago.

Financial Results

Return on Assets (YTD, annualized)

-61.48%-3,848 bps YoY

Net Interest Margin (YTD, annualized)

1.68%-313 bps YoY

Efficiency Ratio (YTD, annualized)

1150%

Tier 1 Leverage Ratio

55.28%+4,125 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2023Q3 2023Q4 2023Q1 2024Q2 2024YoY ΔTrend
Earnings
Return on Assets-23.00%-19.13%-17.70%-55.83%-61.48%-3,848 bps
Return on Equity-328%-240%-192.23%-75.16%-84.46%+24,380 bps
Net Interest Margin4.81%4.54%6.79%3.01%1.68%-313 bps
Efficiency Ration/an/an/a1952%1150%n/a
Non-Interest Burden36.13%33.21%47.72%58.87%60.90%+2,477 bps
Growth
Asset Growth (YoY)-91.83%-93.95%-97.63%-86.36%-84.23%+761 bps
Loan Growth (YoY)-99.99%-100.00%-100.00%-100.00%-100.00%-1 bps
Deposit Growth (YoY)-92.99%-95.36%-100.00%-100.00%-100.00%-701 bps
Asset Quality
Nonperforming Loans / Loans0.00%n/an/an/an/an/a
Net Charge-Offs / Loans67111%118116%n/an/an/an/a
Allowance / Loans0.00%n/an/an/an/an/a
Allowance Coverage of NPLsn/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio14.03%19.63%36.59%67.38%55.28%+4,125 bps
Total Risk-Based Capital1539%5319%387%336%345%-119,342 bps
Equity / Assets16.64%23.38%79.39%68.93%68.91%+5,228 bps
Liquidity & Funding
Loans / Deposits0.02%0.00%0.00%0.00%n/an/a
Liquid Assets / Assets96.22%96.67%93.67%95.91%94.08%-213 bps
CRE / Total Capitaln/an/an/an/an/an/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Silvergate Bank

La Jolla, CA · Cert 27330 · Peer group: banks under $1B in assets (n=608-615)

FDIC · 2 branches

Q2 2024

$202.3MAssets
n/aLoans
n/aDeposits
$139.4MEquity

Executive Summary

  • Strongest standing: tier 1 capital ratio outperforms 98% of banks under $1B in assets (rank 15 of 614).
  • Widest gap: efficiency ratio trails 100% of banks under $1B in assets (rank 614 of 614).
  • Overall: at or above the peer median on 3 of 7 directional measures.

Return on Assets

-73.83%

Rank 615 of 615

Net Interest Margin

1.68%

Rank 591 of 608

Efficiency Ratio

1150%

Rank 614 of 614

Equity / Assets

68.91%

Rank 41 of 614

Non-interest income vs. expense

$10.0M$163.6MINCOMEEXPENSE
Unfavorable gap of $153.6M · efficiency ratio beats 0% of banks under $1B in assets
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets-73.83%0.38%0.78%1.22%Beats 0%615 / 615
Return on Equity-107.13%4.20%7.94%12.05%Beats 0%613 / 614
Net Interest Margin1.68%2.66%3.18%3.74%Beats 3%591 / 608
Efficiency Ratio1150%61.61%72.96%85.16%Beats 0%614 / 614
Asset Quality
Nonperforming Loans / Loansn/aNot reported for this institution
Net Charge-Offs / Loansn/aNot reported for this institution
Capital
Tier 1 Capital Ratio345%11.66%14.13%19.83%Beats 98%15 / 614
Total Risk-Based Capital Ratio345%12.30%15.08%20.79%Beats 98%15 / 614
Equity / Assets68.91%7.99%9.79%12.86%Beats 93%41 / 614
Liquidity & Funding
Loans / Depositsn/aNot reported for this institution
Loans / Assetsn/aNot reported for this institution
Brokered Deposits / Depositsn/aNot reported for this institution