Silicon Valley Bank Results Presentation Deck
Glossary (continued)
Classes of Financing Receivables: These are the levels at which we monitor and assess credit risk in our loan portfolio.
Global Fund Banking: Primarily capital call lines of credit to PE/VC funds. Repayment dependent on the payment of capital calls by the limited
partner investors in the funds.
Investor Dependent ("ID"): Loans primarily to technology and life science/healthcare companies. Repayment may be dependent upon borrower's
ability to raise additional equity financing or exit.
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• Early Stage: Loans to pre-revenue, development-stage companies and companies with revenues of up to $5M.
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Cash Flow Dependent and Innovation Commercial and Industrial ("C&I"): Loans primarily to technology and life science/healthcare companies that
are not Investor Dependent (repayment not dependent on borrower's ability to raise additional equity financing or exit).
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Growth Stage: Loans to mid-stage companies (with revenues between $5-$15M, or pre-revenue clinical-stage biotechnology companies) and
later-stage companies (with revenues > $15M).
Cash Flow Dependent - Sponsor-Led Buyout ("CFD - SLBO"): Loans to facilitate PE Sponsors' acquisition of businesses (typically established,
later-stage businesses of scale). Repayment generally dependent upon cash flows of the combined company. Reasonable levels of leverage and
meaningful financial covenants; sponsor's equity contribution is often 50+% of the acquisition price.
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• Innovation C&I: Other cash flow dependent loans (require borrowers to maintain cash flow from operations that is sufficient to service all debt)
and balance sheet dependent loans (include asset-based loans and require constant current asset coverage exceeding the outstanding debt) to
technology and life science/healthcare companies. Repayment dependent on financial condition and payment ability of third parties with whom
our clients conduct business.
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Private Bank: Loans primarily to executive leaders and senior investment professionals in the innovation economy as well as high net worth
individuals acquired from Boston Private. Primarily mortgages.
CRE: Generally acquisition financing for commercial properties.
Other C&I: Working capital, revolving lines of credit and term loans primarily to non-technology and life science/healthcare companies and
commercial tax-exempt loans to not-for-profit organizations.
Premium Wine and Other:
Premium Wine: Loans primarily to wine producers, vineyards and wine industry or hospitality businesses across the Western United States;
mostly secured by real estate.
• Other: Consists of construction and land loans and CRA community development loans.
PPP: Loans issued through the SBA Paycheck Protection Program ("PPP”) and are guaranteed by the U.S Small Business Administration.
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Q4 2021 Financial Highlights
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