Silvergate Bank

Overview / Commentary
4250 Executive Sq. Suite 300
La Jolla, CA 92037

Silvergate Bank is headquartered in LA JOLLA and is the 69th largest bank in the state of California. It is also the 1,072nd largest bank in the nation. It was established in 1988 and as of September of 2023, it had grown to 25 employees at 2 locations. Silvergate Bank has a C- health rating.

Reviews (4)

Not Recognizing My Same Day Wire Transfer From Bofa

Posted by: |

It's been almost a week since my same-day wire transfer was completed but silvergate bank claims they haven't received it despite all the tracking number and confirmation frustrating

What A Shame

The bank fell apart like so many banks did in 2008-2011. They bucked the status quo and put all their eggs in the crypto basket. there non-interest bearing deposits were 9% when the average bank is 25-30%. It was too good to be true and the rest is history.

Failed & Closed Doors

Posted by: |

How can a bank rated A fail in a week, as this bank did??

No ACH Access To Withdraw Or Transfer Funds

Posted by: |

Beware of this bank. Although they are happy to receive an ACH when funding your online account, you can't withdraw any funds without calling or emailing customer service and requesting that a transfer/withdrawal be made back to your original funding account. You cannot setup the ACH yourself nor can you transfer funds anywhere else. I opened this account but plan to close it as soon as the first month interest pays. Bummer.

Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Silvergate Bank has a negative return on equity.

Health Grade Components

FDIC Certificate #27330
Year Established1988
Primary RegulatorFED
Profit Margin
Return on Assets - YTD-19.13%
Return on Equity - YTD-239.53%
Annual Interest Income$108.6MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$924.4MM$15.27B
LoansQ3 2023vs Q3 2022$0$1.39B
DepositsQ3 2023vs Q3 2022$616.8MM$13.28B
Equity CapitalQ3 2023vs Q3 2022$216.1MM$1.11B
Loan Loss AllowanceQ3 2023vs Q3 2022$0$3.2MM
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$0$3.1MM
Real Estate OwnedQ3 2023vs Q3 2022$0$45K

Sorry, we do not have rate data for Silvergate Bank.


Silvergate Bank Locations
LA Jolla Branch4250 Executive SqLa Jolla, CA 92037
Silvergate Bank4250 Executive SqLa Jolla, CA 92037
San Marcos Branch277 Rancheros Drive, Suite 300San Marcos, CA 92069

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