Silvergate Bank is headquartered in La Jolla and is the 23rd largest bank in the state of California. It is also the 242nd largest bank in the nation. It was established in 1988 and as of December of 2020, it had grown to 214 employees at 2 locations. Silvergate Bank has an A health rating.
Not Recognizing My Same Day Wire Transfer From Bofa
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 number...so frustrating
No ACH Access To Withdraw Or Transfer Funds
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.
Data as of Q4 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 27330 |
| Year Established | 1988 |
| Employees | 214 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.96% |
| Return on Equity - YTD | 10.72% |
| Annual Interest Income | $79.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2020vs Q4 2019 | $5.59B$2.13B |
| Loans | Q4 2020vs Q4 2019 | $1.61B$1.04B |
| Deposits | Q4 2020vs Q4 2019 | $5.25B$1.83B |
| Equity Capital | Q4 2020vs Q4 2019 | $308.3MM$231.4MM |
| Loan Loss Allowance | Q4 2020vs Q4 2019 | $6.9MM$6.2MM |
| Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $4.0MM$5.0MM |
| Real Estate Owned | Q4 2020vs Q4 2019 | $0$128.00K |