# SILVERGATE BANK
LA JOLLA, CA · FDIC certificate 27330 · asset band <$300M · latest filing 2024-03 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 4 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $257.2M | |
| Deposits | $2,000 | |
| Loans and leases | $0 | |
| Total equity | $177.3M | |
| Loans / deposits | 0.00% (p2 of band) | 70.19% |
| Liquid assets / assets | 96.21% (p99 of band) | |
| Uninsured deposits / deposits | 0.00% (p0 of band) | 18.94% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p19 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 67.38% (p97 of band) | 11.30% |
| Unrealized securities loss / equity | 0.00% (p96 of band) | -16.70% |
| AOCI / equity | 0.00% (p75 of band) | |
| ROA (annualized) | -55.83% (p0 of band) | 0.87% |
| Net interest margin | 3.18% (p37 of band) | 3.46% |
| Efficiency ratio | 1952.17% (p100 of band) | |
| Noncurrent loans | 0.00% (p13 of band) | 0.25% |
| Net charge-offs (annualized) | 0.00% (p46 of band) | |
| Reserve coverage of noncurrent | – | |
| Real estate % of loans | – | |
| Construction % of loans | 0.00% (p9 of band) | |
| Auto loans | $0 (– of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -100.0% | |
| Employees | 14 | |

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | wholesale funding >15%, reserve under noncurrent, loans-to-lenders >50% equity |  |
| 2011-06 | 4 | loans exceed deposits |  |
| 2011-09 | 4 |  |  |
| 2011-12 | 4 |  |  |
| 2012-03 | 5 | brokered >10% |  |
| 2012-06 | 6 | capital falling |  |
| 2012-09 | 6 |  |  |
| 2012-12 | 6 |  |  |
| 2013-03 | 5 |  | capital falling |
| 2013-06 | 5 |  |  |
| 2013-09 | 5 |  |  |
| 2013-12 | 6 | deposits shrinking, assets shrinking | reserve under noncurrent |
| 2014-03 | 5 |  | assets shrinking |
| 2014-06 | 5 | reserve under noncurrent | deposits shrinking |
| 2014-09 | 6 | capital falling |  |
| 2014-12 | 8 | uninsured deposits >50%, liquid assets <10%, run vulnerability | reserve under noncurrent |
| 2015-03 | 7 | reserve under noncurrent | uninsured deposits >50%, run vulnerability |
| 2015-06 | 4 |  | brokered >10%, liquid assets <10%, reserve under noncurrent |
| 2015-09 | 5 | brokered >10%, liquid assets <10% | capital falling |
| 2015-12 | 5 |  |  |
| 2016-03 | 3 |  | brokered >10%, liquid assets <10% |
| 2016-06 | 3 |  |  |
| 2016-09 | 4 | capital falling |  |
| 2016-12 | 4 |  |  |
| 2017-03 | 2 |  | loans-to-lenders >50% equity, capital falling |
| 2017-06 | 3 | uninsured deposits >50%, reserve under noncurrent | loans exceed deposits |
| 2017-09 | 2 | capital falling | wholesale funding >15%, reserve under noncurrent |
| 2017-12 | 3 | leverage <7% |  |
| 2018-03 | 1 |  | capital falling, leverage <7% |
| 2018-06 | 2 | reserve under noncurrent |  |
| 2018-09 | 2 |  |  |
| 2018-12 | 2 |  |  |
| 2019-03 | 3 | deposits shrinking |  |
| 2019-06 | 3 | brokered >10% | deposits shrinking |
| 2019-09 | 6 | wholesale funding >15%, deposits shrinking, uninsured deposits leaving |  |
| 2019-12 | 3 |  | reserve under noncurrent, deposits shrinking, uninsured deposits leaving |
| 2020-03 | 1 |  | brokered >10%, wholesale funding >15% |
| 2020-06 | 4 | wholesale funding >15%, loans-to-lenders >50% equity, deposits shrinking |  |
| 2020-09 | 1 |  | wholesale funding >15%, loans-to-lenders >50% equity, deposits shrinking |
| 2020-12 | 2 | capital falling |  |
| 2021-03 | 2 | NIM <2.5% | capital falling |
| 2021-06 | 3 | reserve under noncurrent |  |
| 2021-09 | 2 |  | reserve under noncurrent |
| 2021-12 | 2 |  |  |
| 2022-03 | 3 | securities losses >30% of equity |  |
| 2022-06 | 4 | AOCI drag >20% of equity |  |
| 2022-09 | 5 | reserve under noncurrent |  |
| 2022-12 | 11 | brokered >10%, wholesale funding >15%, leverage <7%, losing money, deposits shrinking, assets shrinking, uninsured deposits leaving | securities losses >30% of equity |
| 2023-03 | 14 | leverage <5%, capital falling, noncurrent p90, charge-offs p90 | uninsured deposits >50%, AOCI drag >20% of equity |
| 2023-06 | 8 |  | reserve under noncurrent, leverage <7%, leverage <5%, capital falling, noncurrent p90 |
| 2023-09 | 8 |  |  |
| 2023-12 | 5 |  | brokered >10%, wholesale funding >15%, uninsured deposits leaving |
| 2024-03 | 4 | expense ratio p90 | NIM <2.5%, charge-offs p90 |

## In the news (Google News, unfiltered, newest first; check the city)

- 2025-01-09 [Silvergate Bank: A Discount Window Success Story - bpi.com](https://news.google.com/rss/articles/CBMickFVX3lxTE1TU1o5Z01wZGtFVmVUNFgwcFFXSEpBVFNNZWlfNVpsaE1rYXlrZWZaZ3NocW9BVU9iOFFPTllhYXBUSV9hTHZ1UTdEWXNfSnFldkE2OUNVUE1mYTlqRnFGdDlwTHZKWmN1VldVOThFMC1xQQ?oc=5) · bpi.com
- 2024-11-08 [DFPI, Federal Reserve Issue Joint Consent Order to Oversee Silvergate Bank Voluntary Liquidation - The Department of Financial Protection and Innovation (.gov)](https://news.google.com/rss/articles/CBMiygFBVV95cUxNamltVXZtRnJ3alBNMjJURE15ZzcyNU9wc0RuUURueGtJMWhyeWdDMUxFSlhNYi1OX3Z0OUk2TU9qS19fcDNYbzJKdXFEbGpDSzJYV21sTS0zb1lFcU5xOWF6QkFmelE2dlB2MEhJbEgySzh4M2NfbDk3NENxbHg1cjFzb0lrNUpVWEo3VkZhOFFkTS1WU0hyMDdYWTJYb1BCeGJpTjZ0X3pNVlFlRTVIN0xnZEJ5MF8zczJSV0J6LWdJd2xKX0ktVHJn?oc=5) · The Department of Financial Protection and Innovation (.gov)
- 2025-12-08 [Claim your share of the Silvergate Bank $10M FTX securities class action settlement - Claim Depot](https://news.google.com/rss/articles/CBMiakFVX3lxTE8wamV1ZXNGbWFVQVhHRWZpNk90bk5sT0NjbkczX3ZQTWhXX05rc2dZQWg1b2NnRzdBcUxiTHp0OWd6aXdMNHAwT1ozSWtoR2JBb0RVMnFGM0wzUWV0NE12clRLTnZEbERncXc?oc=5) · Claim Depot
- 2025-12-17 [Silvergate Bank lawsuit calls for FTX, Alameda clients to weigh in on $10M settlement - Binance](https://news.google.com/rss/articles/CBMiY0FVX3lxTFAydjRqTjVLcXNVYzFxcWdLVWxLbEcxUzhWYWtNZHNXbllrYTg0eW5nNVktTzIzaFpkbW0zaEkyYnBDS2VQODZEZEd2V3NsdElYVjdJakVDeW1JSEExeGtMUW85NA?oc=5) · Binance
- 2023-03-27 [Recent Bank Failures and the Federal Regulatory Response - Federal Deposit Insurance Corporation (FDIC) (.gov)](https://news.google.com/rss/articles/CBMiZEFVX3lxTE9QVHFKOEFVaVFrRktsLTRsUllObUljZlhJMlpCekR1R3BrNUtTNU8tQU1KY0RZRUlZVVFTemNDbVptY0xEelR3M1UxaXU1M3ZHU3BZaDl4Z3Z3cFdNaEcxRFlOVFg?oc=5) · Federal Deposit Insurance Corporation (FDIC) (.gov)
- 2024-07-02 [Silvergate pays $63M to settle with SEC, Fed, California regulator - Banking Dive](https://news.google.com/rss/articles/CBMingFBVV95cUxNT1FEaVpTSFRhdE8wbjFucFJ2dWtzdU1ldUZVbXlZcmZjNkxxVkZsMVFYOEp3RHlmbW1RUmtYNnNpelUxc09qWTVwMWtVTWlpY01wRU1DejZJUVExUXRIS0dWVldXdEk3OTJ1N05PMVJZRmdYQXpwQUVHaXNqc0Y5ZVRTekxnZ0R2ckxReWthUW5Sb1dTZDVUTjRQYUxNZw?oc=5) · Banking Dive
- 2023-03-08 [San Diego crypto-focused bank Silvergate plans to shut down - Los Angeles Times](https://news.google.com/rss/articles/CBMiowFBVV95cUxNRy1jWkQzWGxaQkhRQ1c4a1pVN2dfcnFkcEdRTnN2WGx1Nkk2dFhCZk1JVHdYSkdaX1RuVElURlpWV2NmSnVhTWhGTUVRdFZOVC1HYWhldVprcUxCRGxQNVZqY3FKUHF0X1NtRVRlR3AtdUNrbGxOZjZkSnkxOHhfcUtfQjEyZk9ma2dDcWgtYnUzSFQ3cjVkdDFhSnJLRkpFS1JN?oc=5) · Los Angeles Times
- 2023-03-08 [Silvergate Bank says it's self-liquidating, winding down operations - American Banker](https://news.google.com/rss/articles/CBMiogFBVV95cUxNaXlyV19kNzYzUHdRdHJvOXBSOVNFZHJ0V3FTX1YyX0JVVUdfei1GbW5FaUVNMTBqcFhadmh5eDlfTlNCMHd3ZURFcGJZd2lISXlXcnBYNDdUdU5MdDF3Wkc5eHd2bmZuZUQ5UTdTS210N2NwMWxRa09iaFVHalE0R2J1SXdtQVRCUmlBb2h1QVpuU0w4WFZreHg5RzVsSWdBN3c?oc=5) · American Banker

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=27330 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/2.json (key "27330", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide