XML 64 R51.htm IDEA: XBRL DOCUMENT v3.8.0.1
Off-Balance Sheet Arrangements, Guarantees and Other Commitments (Tables)
12 Months Ended
Dec. 31, 2017
Disclosure Off Balance Sheet Arrangements Guarantees And Other Commitments Additional Information [Abstract]  
Minimum Future Payments under Noncancelable Operating Leases
The following table presents minimum future payments under noncancelable operating leases as of December 31, 2017:
Year ended December 31,
(Dollars in thousands)
 
Amount
2018
 
$
35,627

2019
 
35,545

2020
 
32,117

2021
 
31,451

2022
 
27,501

2023 and thereafter
 
64,234

Net minimum operating lease payments
 
$
226,475

Summary Information Related to Commitments to Extend Credit (Excluding Letters of Credit)
The following table summarizes information related to our commitments to extend credit at December 31, 2017 and 2016, respectively:
 
 
December 31,
(Dollars in thousands)
 
2017
 
2016
Loan commitments available for funding: (1)
 
 
 
 
Fixed interest rate commitments
 
$
1,478,157

 
$
1,475,179

Variable interest rate commitments
 
14,034,169

 
13,572,161

Total loan commitments available for funding
 
15,512,326

 
15,047,340

Commercial and standby letters of credit (2)
 
1,950,211

 
1,695,856

Total unfunded credit commitments
 
$
17,462,537

 
$
16,743,196

Commitments unavailable for funding (3)
 
$
2,117,057

 
$
1,719,524

Allowance for unfunded credit commitments (4)
 
51,770

 
45,265

 
(1)
Represents commitments which are available for funding, due to clients meeting all collateral, compliance and financial covenants required under loan commitment agreements.
(2)
See below for additional information on our commercial and standby letters of credit.
(3)
Represents commitments which are currently unavailable for funding due to clients failing to meet all collateral, compliance and financial covenants under loan commitment agreements.
(4)
Our allowance for unfunded credit commitments includes an allowance for both our unfunded loan commitments and our letters of credit.
Summary of Commercial and Standby Letters of Credit
The table below summarizes our commercial and standby letters of credit at December 31, 2017. The maximum potential amount of future payments represents the amount that could be remitted under letters of credit if there were a total default by the guaranteed parties, without consideration of possible recoveries under recourse provisions or from the collateral held or pledged.
(Dollars in thousands)
 
Expires In One Year or Less
 
Expires After One Year
 
Total Amount Outstanding
 
Maximum Amount of Future Payments
Financial standby letters of credit
 
$
1,765,857

 
$
60,819

 
$
1,826,676

 
$
1,826,676

Performance standby letters of credit
 
94,519

 
11,105

 
105,624

 
105,624

Commercial letters of credit
 
17,911

 

 
17,911

 
17,911

Total
 
$
1,878,287

 
$
71,924

 
$
1,950,211

 
$
1,950,211

Total Capital Commitments, Unfunded Capital Commitments, and Ownership in Each Fund
The following table details our total capital commitments, unfunded capital commitments, and our ownership percentage in each fund at December 31, 2017:

(Dollars in thousands)
 
SVBFG Capital Commitments    
 
SVBFG Unfunded 
Commitments
 
SVBFG Ownership 
of each Fund (3)
CP I, LP
 
$
6,000

 
$
270

 
10.7
%
CP II, LP (1)
 
1,200

 
162

 
5.1

Shanghai Yangpu Venture Capital Fund (LP)
 
891

 

 
6.8

Strategic Investors Fund, LP
 
15,300

 
688

 
12.6

Strategic Investors Fund II, LP
 
15,000

 
1,050

 
8.6

Strategic Investors Fund III, LP
 
15,000

 
1,275

 
5.9

Strategic Investors Fund IV, LP
 
12,239

 
2,325

 
5.0

Strategic Investors Fund V funds
 
515

 
131

 
Various

Capital Preferred Return Fund, LP
 
12,688

 

 
20.0

Growth Partners, LP
 
24,670

 
1,340

 
33.0

Debt funds (equity method accounting)
 
58,493

 

 
Various

Other fund investments (2)
 
302,659

 
8,901

 
Various

Total
 
$
464,655

 
$
16,142

 
 
 
(1)
Our ownership includes direct ownership of 1.3 percent and indirect ownership of 3.8 percent through our investment in Strategic Investors Fund II, LP.
(2)
Represents commitments to 241 funds (primarily venture capital funds) where our ownership interest is generally less than five percent of the voting interests of each such fund.
(3)
We are subject to the Volcker Rule which restricts or limits us from sponsoring or having ownership interests in “covered” funds including venture capital and private equity funds. See “Business - Supervision and Regulation” under Part I, Item 1 of this report.
Remaining Unfunded Commitments to Venture Capital or Private Equity Funds by Consolidated Managed Funds
The following table details the amounts of remaining unfunded commitments to venture capital and private equity funds by our consolidated managed funds of funds (including our interest and the noncontrolling interests) at December 31, 2017:

(Dollars in thousands)
 
Unfunded Commitments    
Strategic Investors Fund, LP
 
$
1,338

Capital Preferred Return Fund, LP
 
1,952

Growth Partners, LP
 
2,552

Total
 
$
5,842