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Noninterest Income (Tables)
 6 Months Ended
Jun. 30, 2018
Other Income and Expenses [Abstract]  
Summary of noninterest income
A summary of noninterest income for the three and six months ended June 30, 2018 and 2017 is as follows:
 
 
Three months ended June 30,

Six months ended June 30,
(Dollars in thousands)
 
2018

2017

2018

2017
Noninterest income:
 
 
 
 
 
 
 
 
Gains on investment securities, net
 
$
36,114

 
$
17,630

 
$
45,172

 
$
33,600

Gains on equity warrant assets, net
 
19,061

 
10,820

 
38,252

 
17,510

Foreign exchange fees
 
34,077

 
26,108

 
67,904

 
52,355

Credit card fees
 
22,926

 
18,099

 
44,618

 
35,829

Deposit service charges
 
18,794

 
14,563

 
36,493

 
28,538

Client investment fees
 
29,452

 
12,982

 
52,327

 
22,008

Lending related fees
 
9,528

 
8,509

 
20,263

 
17,470

Letters of credit and standby letters of credit fees
 
8,347

 
7,006

 
16,529

 
13,645

Other
 
14,390

 
12,811

 
26,649

 
25,232

Total noninterest income
 
$
192,689

 
$
128,528

 
$
348,207

 
$
246,187
Components of Gains and Losses (Realized and Unrealized) on Investment Securities
A summary of gains and losses on investment securities for the three and six months ended June 30, 2018 and 2017 is as follows:
  
 
Three months ended June 30,

Six months ended June 30,
(Dollars in thousands)
 
2018

2017

2018

2017
Gains on non-marketable and other equity securities, net
 
$
36,114

 
$
17,753

 
$
45,172

 
$
33,115

(Losses) gains on sales of available-for-sale securities, net
 
—

 
(123
)
 
—

 
485

Total gains on investment securities, net
 
$
36,114

 
$
17,630

 
$
45,172

 
$
33,600
Components of Gains on Equity Warrant Assets
A summary of net gains on equity warrant assets for the three and six months ended June 30, 2018 and 2017 is as follows:
  
 
Three months ended June 30,

Six months ended June 30,
(Dollars in thousands)
 
2018

2017

2018

2017
Equity warrant assets:
 
 
 
 
 
 
 
 
Gains on exercises, net
 
$
8,875

 
$
3,121

 
$
20,509

 
$
11,345

Cancellations and expirations
 
(826
)
 
(571
)
 
(1,726
)
 
(1,129
)
Changes in fair value, net
 
11,012

 
8,270

 
19,469

 
7,294

Total net gains on equity warrant assets
 
$
19,061

 
$
10,820

 
$
38,252

 
$
17,510
Components of Foreign Exchange Fees
A summary of foreign exchange fee income by instrument type for the three and six months ended June 30, 2018 and 2017 is as follows:
 
 
Three months ended June 30,

Six months ended June 30,
(Dollars in thousands)
 
2018

2017

2018

2017
Foreign exchange fees by instrument type:
 
 
 
 
 
 
 
 
Spot contract commissions
 
$
31,548

 
$
23,583

 
$
62,750

 
$
46,007

Forward contract commissions
 
2,455

 
2,470

 
4,940

 
6,071

Option premium fees
 
74

 
55

 
214

 
277

Total foreign exchange fees
 
$
34,077

 
$
26,108

 
$
67,904

 
$
52,355
Components of Credit Card Fees
A summary of credit card fees by instrument type for the three and six months ended June 30, 2018 and 2017 is as follows:
 
 
Three months ended June 30,

Six months ended June 30,
(Dollars in thousands)
 
2018

2017

2018

2017
Credit card fees by instrument type:
 
 
 
 
 
 
 
 
Card interchange fees, net
 
$
18,137

 
$
14,033

 
$
35,697

 
$
28,003

Merchant service fees
 
3,425

 
2,883

 
6,331

 
5,623

Card service fees
 
1,364

 
1,183

 
2,590

 
2,203

Total credit card fees
 
$
22,926

 
$
18,099

 
$
44,618

 
$
35,829
Components of Asset Management Fees
A summary of client investment fees by instrument type for the three and six months ended June 30, 2018 and 2017, is as follows:
 
 
Three months ended June 30,

Six months ended June 30,
(Dollars in thousands)
 
2018

2017

2018

2017
Client investment fees by type:
 
 
 
 
 
 
 
 
Sweep money market fees
 
$
17,178

 
$
6,474

 
$
29,500

 
$
10,870

Asset management fees (1)
 
5,730

 
4,111

 
11,088

 
7,490

Repurchase agreement fees
 
6,544

 
2,397

 
11,739

 
3,648

Total client investment fees (2)
 
$
29,452

 
$
12,982

 
$
52,327

 
$
22,008

 
 
(1)
Represents fees earned from investments in third-party money market mutual funds and fixed-income securities managed by SVB Asset Management.
(2)
Represents fees earned on client investment funds which are maintained at third-party financial institutions and are not recorded on our balance sheet.
Components of Lending Related Fees
A summary of lending related fees by instrument type for the three and six months ended June 30, 2018 and 2017 is as follows:
 
 
Three months ended June 30,

Six months ended June 30,
(Dollars in thousands)
 
2018

2017

2018

2017
Lending related fees by instrument type:
 
 
 
 
 
 
 
 
Unused commitment fees
 
$
7,827

 
$
7,021

 
$
16,584

 
$
13,588

Other
 
1,701

 
1,488

 
3,679

 
3,882

Total lending related fees
 
$
9,528

 
$
8,509

 
$
20,263

 
$
17,470
Summary of Other Noninterest Income
A summary of other noninterest income by instrument type for the three and six months ended June 30, 2018 and 2017 is as follows:
 
 
Three months ended June 30,
 
Six months ended June 30,
(Dollars in thousands)
 
2018
 
2017
 
2018
 
2017
Other noninterest income by instrument type:
 
 
 
 
 
 
 
 
Fund management fees
 
$
5,929

 
$
5,536

 
$
11,665

 
$
10,705

Net gains on revaluation of foreign currency instruments, net of foreign exchange forward contracts (1)
 
236

 
227

 
189

 
1,555

Other service revenue
 
8,225

 
7,048

 
14,795

 
12,972

Total other noninterest income
 
$
14,390

 
$
12,811

 
$
26,649

 
$
25,232

 
(1)
Represents the net revaluation of client and internal foreign currency denominated financial instruments. We enter into foreign exchange forward contracts to economically reduce our foreign exchange exposure related to client and internal foreign currency denominated financial instruments.
Disaggregation of Revenue
The following tables presents our revenues from contracts with customers disaggregated by revenue source and segment for the three and six months ended June 30, 2018:
Three months ended June 30, 2018
(Dollars in thousands)
 
Global
Commercial
Bank
 
SVB Private  
Bank
 
SVB Capital
 
Other Income
 
Total      
Revenue from contracts with customers:
 
 
 
 
 
 
 
 
 
 
Spot contract commissions
 
$
31,350

 
$
144

 
$
—

 
$
54

 
$
31,548

Card interchange fees, gross
 
31,734

 
—

 
—

 
104

 
31,838

Merchant service fees
 
3,425

 
—

 
—

 
—

 
3,425

Deposit service charges
 
18,386

 
31

 
—

 
377

 
18,794

Client investment fees
 
11,895

 
379

 
—

 
17,178

 
29,452

Fund management fees
 
—

 
—

 
5,929

 
—

 
5,929

Correspondent bank rebates
 
1,473

 
—

 
—

 
—

 
1,473

Total revenue from contracts with customers
 
$
98,263

 
$
554

 
$
5,929

 
$
17,713

 
$
122,459

 
 
 
 
 
 
 
 
 
 
 
Revenues outside the scope of ASC 606 (1)
 
14,982

 
10

 
22,569

 
32,669

 
70,230

Total noninterest income
 
$
113,245

 
$
564

 
$
28,498

 
$
50,382

 
$
192,689

 
(1)
Amounts are accounted for under separate guidance than ASC 606.
Six months ended June 30, 2018
(Dollars in thousands)
 
Global
Commercial
Bank
 
SVB Private  
Bank
 
SVB Capital
 
Other Income
 
Total      
Revenue from contracts with customers:
 
 
 
 
 
 
 
 
 
 
Spot contract commissions
 
$
62,322

 
$
323

 
$
—

 
$
105

 
$
62,750

Card interchange fees, gross
 
61,183

 
—

 
—

 
203

 
61,386

Merchant service fees
 
6,331

 
—

 
—

 
—

 
6,331

Deposit service charges
 
35,426

 
59

 
—

 
1,008

 
36,493

Client investment fees
 
22,145

 
681

 
—

 
29,501

 
52,327

Fund management fees
 
—

 
—

 
11,665

 
—

 
11,665

Correspondent bank rebates
 
2,869

 
—

 
—

 
—

 
2,869

Total revenue from contracts with customers
 
$
190,276

 
$
1,063

 
$
11,665

 
$
30,817

 
$
233,821

 
 
 
 
 
 
 
 
 
 
 
Revenues outside the scope of ASC 606 (1)
 
22,315

 
9

 
45,744

 
46,318

 
114,386

Total noninterest income
 
$
212,591

 
$
1,072

 
$
57,409

 
$
77,135

 
$
348,207

 
(1)
Amounts are accounted for under separate guidance than ASC 606.