Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2021

Our segment information for 2021, 2020 and 2019 is as follows:


(Dollars in millions)	Global Commercial Bank (1)		SVB Private Bank		SVB Capital (1)		SVB Securities (1)		Other Items (2)		Total
Year ended December 31, 2021
Net interest income	$	2,946	$	194	$	—	$	1	$	38	$	3,179
Provision for credit losses	(55)		(14)		—		—		(54)		(123)
Noninterest income	708		56		487		608		879		2,738
Noninterest expense (3)	(1,277)		(212)		(71)		(561)		(949)		(3,070)
Income (loss) before income tax expense (4)	$	2,322	$	24	$	416	$	48	$	(86)	$	2,724
Total average loans, amortized cost	$	44,173	$	8,958	$	—	$	—	$	1,416	$	54,547
Total average assets (5) (6)	141,393		10,140		700		830		12,948		166,011
Total average deposits	138,336		8,645		—		—		966		147,947
Year ended December 31, 2020
Net interest income	$	2,025	$	77	$	—	$	1	$	54	$	2,157
Provision for credit losses	(166)		(21)		—		—		(33)		(220)
Noninterest income	606		3		226		497		508		1,840
Noninterest expense (3)	(1,020)		(46)		(51)		(379)		(539)		(2,035)
Income (loss) before income tax expense (4)	$	1,445	$	13	$	175	$	119	$	(10)	$	1,742
Total average loans, amortized cost	$	31,218	$	4,196	$	—	$	—	$	1,852	$	37,266
Total average assets (5) (6)	75,034		4,230		437		557		5,534		85,792
Total average deposits	72,127		2,172		—		—		717		75,016
Year ended December 31, 2019
Net interest income	$	1,850	$	51	$	—	$	1	$	195	$	2,097
Provision for credit losses	(92)		(2)		—		—		(13)		(107)
Noninterest income	638		4		122		264		193		1,221
Noninterest expense (3)	(875)		(40)		(31)		(253)		(402)		(1,601)
Income (loss) before income tax expense (4)	$	1,521	$	13	$	91	$	12	$	(27)	$	1,610
Total average loans, amortized cost	$	26,031	$	3,341	$	—	$	—	$	544	$	29,916
Total average assets (5)	56,043		3,371		405		398		2,995		63,212
Total average deposits	53,054		1,524		—		—		479		55,057

(1)GCB’s, SVB Capital’s and SVB Securities' components of NII, 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. NII consists primarily of interest earned from our fixed income investment portfolio, net of FTP. Noninterest income consists primarily of gains or losses on equity warrant assets, gains or losses on the sale of AFS securities and gains or losses on equity securities from exercised warrant assets. Noninterest expense consists primarily of expenses associated with corporate support functions such as finance, human resources, marketing, legal and other expenses.

(3)The GCB segment includes direct depreciation and amortization of $34 million, $25 million and $20 million for December 31, 2021, December 31, 2020 and December 31, 2019, 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 average liabilities and total average stockholders’ equity for each segment to reconcile the results to the consolidated financial statements prepared in conformity with GAAP.

(6)Included in the total average assets for SVB Securities is goodwill of $138 million and for Private Bank is goodwill of $87 million for the year ended December 31, 2021 and included in the total average assets for SVB Securities is goodwill of $138 million for the year ended December 31, 2020.