3. 93% of silicon valley bank deposits are uninsured. This is going to hit the bay ...

93% of silicon valley bank deposits are uninsured. This is going to hit the bay area RE market big time.

Most of their MBS mature in over 10 years, but THEY DID NOT BUY MOST OF THEM IN 2021.

"As of December 31, 2022, on a consolidated basis, we had total assets of $211.8 billion, total investment securities of $120.1 billion, total loans, amortized
cost, of $74.3 billion, total deposits of $173.1 billion and total SVB Financial stockholders' equity of $16.0 billion."

Read their financial statement. They are well capitalized, even with a 20% write down of assets. Depositors will suffer very little direct losses if any, the bank run just killed them because of their shitty allocation. A bigger bank will gladly pick them up after an audit.

Financial Statement: https://d18rn0p25nwr6d.cloudfront.net/CIK-0000719739/f36fc4d7-9459-41d7-9e3d-2c468971b386.pdfAs of December 31, 2022, Even with a 20% write down of MBS

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