Disposal - Assets Held-for-Sale

3 Months Ended

Mar. 31, 2015

Discontinued Operations and Disposal Groups [Abstract]

Disposal - Assets Held-for-Sale

Disposal - Assets Held-for-Sale

The Company entered into a share purchase agreement to sell all of the outstanding capital stock of the Bank’s subsidiary, SVB India Finance Private Limited, a non-banking financial company in India (“SVBIF”) on January 15, 2015. The sale was completed on April 13, 2015. See Note 17 - "Subsequent Events" of the "Notes to Interim Consolidated Financial Statements" under Part I, Item 1 in this report. As a result of the pending sale of SVBIF, the Company classified SVBIF's net assets as held-for-sale as applicable criteria were met. The following table presents the composition of SVBIF assets held-for-sale included in accrued interest receivable and other assets at March 31, 2015 and December 31, 2014:

(Dollars in thousands)	March 31, 2015		December 31, 2014
Assets:
Cash and due from banks	$	2,897	$	3,054
Securities purchased under agreement to resell and other short-term investments	6,419		11,898
Net loans	33,276		26,800
Premises and equipment, net	24		24
Accrued interest receivable and other assets	10,307		7,163
Total assets of SVBIF held-for-sale (1)	$	52,923	$	48,939
Liabilities:
Other liabilities	4,723		4,686
Total liabilities of SVBIF held-for-sale (1)	$	4,723	$	4,686

(1) Net assets of $48.2 million and $44.3 million are included in our Global Commercial Bank operating segment as reported in Note 11—”Segment Reporting” of the “Notes to Interim Consolidated Financial Statements” under Part I, Item 1 of this report.