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Off-Balance Sheet Arrangements, Guarantees and Other Commitments (Tables)
 6 Months Ended
Jun. 30, 2020
Disclosure Off Balance Sheet Arrangements Guarantees And Other Commitments Additional Information [Abstract]  
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 June 30, 2020 and December 31, 2019:
(Dollars in thousands)
 
June 30, 2020
 
December 31, 2019
Loan commitments available for funding: (1)
 
 
 
 
Fixed interest rate commitments
 
$
2,298,264

 
$
2,434,042

Variable interest rate commitments
 
22,895,069

 
19,309,317

Total loan commitments available for funding
 
25,193,333

 
21,743,359

Commercial and standby letters of credit (2)
 
2,933,896

 
2,778,561

Total unfunded credit commitments
 
$
28,127,229

 
$
24,521,920

Commitments unavailable for funding (3)
 
$
2,412,910

 
$
3,051,075

Allowance for unfunded credit commitments (4)
 
99,294

 
67,656

 
 
(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 credit losses 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 June 30, 2020. 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
 
$
2,723,597

 
$
80,267

 
$
2,803,864

 
$
2,803,864

Performance standby letters of credit
 
109,279

 
17,787

 
127,066

 
127,066

Commercial letters of credit
 
2,870

 
96

 
2,966

 
2,966

Total
 
$
2,835,746

 
$
98,150

 
$
2,933,896

 
$
2,933,896
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 June 30, 2020:
(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

Capital Preferred Return Fund, LP
 
12,688

 
—

 
20.0

Growth Partners, LP
 
24,670

 
1,340

 
33.0

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

 
2,235

 
5.0

Strategic Investors Fund V funds
 
515

 
131

 
Various

Other venture capital and private equity fund investments (equity method accounting)
 
21,789

 
5,514

 
Various

Debt funds (equity method accounting)
 
58,493

 
—

 
Various

Other fund investments (2)
 
281,508

 
5,951

 
Various

Total
 
$
464,402

 
$
18,616

 
 
 
 
(1)
Our ownership includes direct ownership of 1.3 percent and indirect ownership interest of 3.8 percent through our investment in Strategic Investors Fund II, LP.
(2)
Represents commitments to 197 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 investments in “covered funds”. Under revised regulations that will become effective on October 1, 2020, venture capital and credit funds that meet certain criteria will no longer be considered covered funds. We believe that, as a result of these changes, we will not be required to sell or otherwise conform certain of our fund investments. See the “Volcker Rule” section under Part I, Item 2 of this report for additional details.
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 June 30, 2020:
(Dollars in thousands)
 
Unfunded Commitments    
Strategic Investors Fund, LP
 
$
376

Capital Preferred Return Fund, LP
 
1,517

Growth Partners, LP
 
2,504

Total
 
$
4,397