United States

Profile: Silvergate Capital Corp (SI)

SI on New York Consolidated

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Silvergate Capital Corp. incorporated on March 1, 2000, is a holding company of Silvergate Bank, which is a provider of financial infrastructure solutions. The Company offers financial infrastructure solutions and services to participants in the nascent and digital currency industry. It has developed Silvergate Exchange Network (SEN), a network of digital currency exchanges and digital currency investors that enables the efficient movement of the currency between participating digital currency exchanges and investors 24 hours a day, 7 days a week, 365 days a year. It offered services also included commercial banking, business lending, commercial and residential real estate lending and mortgage warehouse lending.

Lending Activities

The Company maintains a diversified loan portfolio in terms of the types of loan products it contains and customer characteristics, with a focus on variable rate, shorter term and higher yielding products. Its lending services cover commercial real estate loans, both on an owner and non-owner-occupied basis, multi-family real estate loans, construction loans, commercial and industrial loans, consumer loans and mortgage warehouse loans. As of September 30, 2018, the Company’s loan amounted to $ 694.5 million.

Investment Activities

The Company’s investment portfolio is comprised primarily of mortgage-backed securities. Its securities are backed by government-sponsored entities, collateralized mortgage obligations and asset backed securities.

Sources of Funds

The Company’s sources of funds include noninterest bearing deposits and shareholders equity, also fund interest earning assets. Deposits are the major source of funding for the Company. It offers a variety of deposit products including interest and noninterest bearing demand accounts, money market and savings accounts and certificates of deposit. It generates deposits from customers on a relationship basis and through commercial lending and business banking services. As of September 30, 2018, the Company’s total deposits amounted $ 1,716,735.

Company Address

Silvergate Capital Corp

4250 Executive Sq Ste 300
LA JOLLA   CA   92037-9104
P: +1858.3626300

Company Web Links