Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2015

Our segment information for the three months ended March 31, 2015 and 2014 is as follows:



(Dollars in thousands)	Global Commercial Bank (1)			SVB Private Bank			SVB Capital (1)			Other Items (2)			Total
Three months ended March 31, 2015
Net interest income	$	203,755		$	9,723		$	(24	)	$	25,436		$	238,890
(Provision for) reduction of loan losses	(6,460		)	8			—			—			(6,452		)
Noninterest income	64,689			397			21,141			85,791			172,018
Noninterest expense (3)	(136,282		)	(2,747		)	(3,891		)	(53,188		)	(196,108		)
Income before income tax expense (4)	$	125,702		$	7,381		$	17,226		$	58,039		$	208,348
Total average loans, net of unearned income	$	12,729,630		$	1,374,189		$	—		$	(57,450	)	$	14,046,369
Total average assets (5)	35,962,427			1,921,554			269,982			1,146,626			39,300,589
Total average deposits	32,472,827			1,251,939			—			133,013			33,857,779
Three months ended March 31, 2014
Net interest income	$	175,303		$	6,892		$	14		$	14,119		$	196,328
(Provision for) reduction of loan losses	(807		)	313			—			—			(494		)
Noninterest income	58,635			274			37,672			213,644			310,225
Noninterest expense (3)	(120,706		)	(2,495		)	(2,635		)	(44,572		)	(170,408		)
Income before income tax expense (4)	$	112,425		$	4,984		$	35,051		$	183,191		$	335,651
Total average loans, net of unearned income	$	9,677,957		$	1,049,901		$	—		$	39,826		$	10,767,684
Total average assets (5)	25,504,407			967,873			340,990			954,363			27,767,633
Total average deposits	22,877,819			745,083			—			53,546			23,676,448


(1)	Global Commercial Bank’s and SVB Capital’s components of net interest income, noninterest income, noninterest expense and total average assets are shown net of noncontrolling interests for all periods presented. Noncontrolling interest is included within "Other Items".

(2)

The "Other Items" column reflects the adjustments necessary to reconcile the results of the operating segments to the consolidated financial statements prepared in conformity with GAAP. Noninterest income is primarily attributable to noncontrolling interests and gains on equity warrant assets. Noninterest expense primarily consists of expenses associated with corporate support functions such as finance, human resources, marketing, legal and other expenses. Additionally, average assets primarily consist of cash and cash equivalents and loans from our Community Development Finance practice as part of our responsibilities under the Community Reinvestment Act.


(3)	The Global Commercial Bank segment includes direct depreciation and amortization of $5.1 million and $4.9 million for the three months ended March 31, 2015 and 2014, respectively.


(4)	The internal reporting model used by management to assess segment performance does not calculate income tax expense by segment. Our effective tax rate is a reasonable approximation of the segment rates.


(5)	Total average assets equal the greater of total average assets or the sum of total liabilities and total stockholders’ equity for each segment.

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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