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Silvergate Capital Corporation Investor Presentation January 2021

2 Forward Looking Statements This presentation contains forward looking statements within the meaning of the Securities and Exchange Act of 1934, as amended, including statements of goals, intentions, and expectations as to future trends, plans, events or results of Company operations and policies and regarding general economic conditions. In some cases, forward-looking statements can be identified by use of words such as “may,” “will,” “anticipates,” “believes,” “expects,” “plans,” “estimates,” “potential,” “continue,” “should,” and similar words or phrases. These statements are based upon current and anticipated economic conditions, nationally and in the Company’s market, interest rates and interest rate policy, competitive factors and other conditions which by their nature, are not susceptible to accurate forecast and are subject to significant uncertainty. For details on factors that could affect these expectations, see the risk factors and other cautionary language included in the Company’s periodic and current reports filed with the U.S. Securities and Exchange Commission. Because of these uncertainties and the assumptions on which this discussion and the forward-looking statements are based, actual future operations and results may differ materially from those indicated herein. Readers are cautioned against placing undue reliance on any such forward-looking statements. The Company’s past results are not necessarily indicative of future performance. Further, given its ongoing and dynamic nature, it is difficult to predict the full impact of the COVID-19 outbreak on our business. The extent of such impact will depend on future developments, which are highly uncertain, including when the coronavirus can be controlled and abated and when and how the economy may be fully reopened. As the result of the COVID-19 pandemic and the related adverse local and national economic consequences, we could be subject to any of the following risks, any of which could have a material, adverse effect on our business, financial condition, liquidity, and results of operations: the demand for our products and services may decline, making it difficult to grow assets and income; if the economy is unable to fully reopen as planned, and high levels of unemployment continue for an extended period of time, loan delinquencies, problem assets, and foreclosures may increase, resulting in increased charges and reduced income; collateral for loans, especially real estate, may decline in value, which could cause loan losses to increase; our allowance for loan losses may increase if borrowers experience financial difficulties, which will adversely affect our net income; the net worth and liquidity of loan guarantors may decline, impairing their ability to honor commitments to us; as the result of the decline in the Federal Reserve Board’s target federal funds rate to near 0%, the yield on our assets may decline to a greater extent than the decline in our cost of interest-bearing liabilities, reducing our net interest margin and spread and reducing net income; our cyber security risks are increased as the result of an increase in the number of employees working remotely; and FDIC premiums may increase if the agency experiences additional resolution costs. The Company does not undertake to publicly revise or update forward-looking statements in this presentation to reflect events or circumstances that arise after the date of this presentation, except as may be required under applicable law. The Company makes no representation that subsequent to delivery of the presentation it was not altered. Silvergate Solely for convenience, we refer to our trademarks in this presentation without the ® or the ™ or symbols, but such references are not intended to indicate that we will not fully assert under applicable law our trademark rights. Other service marks, trademarks and trade names referred to in this presentation, if any, are the property of their respective owners, although for presentational convenience we may not use the ® or the ™ symbols to identify such trademarks. In this presentation, we refer to Silvergate Capital Corporation as “Silvergate” or the “Company.”

ibdroot\projects\IBD-NY\powder2020\665198_1\Investor Presentation\Project Reload_Investor Presentation_Wall Cross.pptx 3 Increasing Institutional Demand for Digital Currencies ImpactCatalysts • Sudden and significant expansion of the US and global money supply • Buildout of institutional-grade market infrastructure • Increasing regulatory clarity • Large institutional investors are increasingly incorporating digital currencies into their portfolios • Corporate treasuries are beginning to own bitcoin • Accelerating capital flows into digital currency infrastructure companies Select Large Institutional Participants Institutional Investor Commentary “One of the things that’s interesting about bitcoin is that it gets less risky the higher it goes. That’s the opposite of what happens with most stocks.” - Bill Miller, Miller Value Funds “This is a portable and modern way to store capital. The more likely trajectory [of bitcoin] is that people can make a monumental amount of money. Bitcoin is unfettered by Federal Reserve policy or gold supply issues.” - Anthony Scaramucci, Skybridge Capital

4 Silvergate is Critical to the Continuing Expansion of the Digital Currency Industry Companies developing new protocols, platforms, and applications; mining operations; and providers of other services 76 Customers 286 Customers Available 24/7, the SEN is a global payments platform that enables real-time transfer of USD between our digital currency exchange customers and our institutional investor customers Collateralized Lending SEN Leverage provides secure, institutional-grade access to capital through USD loans collateralized by bitcoin Stablecoin Infrastructure Digital Asset Custody Safeguards and stores bitcoin and other digital assets Exchanges through which digital currencies are bought and sold; includes OTC trading desks and digital-first retail platforms 607 Customers Hedge funds, venture capital funds, private equity funds, family offices, and traditional asset managers investing in digital currencies as an asset class Silvergate Exchange Network Digital Currency Exchanges Institutional Investors Other Customers Enables 24/7 real-time conversion of USD into and out of digital dollars on the blockchain

5 Our Proprietary Technology Platform: Silvergate Exchange Network (“SEN”) The value of the SEN to our customers increases with each incremental participant and broadens the opportunity for further adoption of Silvergate’s services 24/7 real-time transfers of USD between exchanges and investors using our proprietary API Fuels zero-cost funding strategy Network effects create value and moat Efficient customer acquisition tool Enables multiple growth vectors Beachhead product for portfolio of services

6 SEN Leverage: The Next Step in Driving Capital Efficiency Institutional investors seeking greater capital efficiencyP 24/7 API-enabled loan funding and monitoringP Zero cumulative lossesP Massive potential market creates opportunity for recurring, asset management revenueP Delete Delete Delete SEN Trader enters into an Agreement with Silvergate to borrow USD to deposit at Exchange Exchange uses the SEN to transfer USD to Trader’s leverage account on its platform Mid-single digit spreadsP USD lines-of-credit collateralized by bitcoinP TRADER EXCHANGE

7 $ 10 bn $ 17 bn $ 22 bn $ 37 bn $ 59 bn 14,400 31,405 40,286 68,361 90,763 4Q19 1Q20 2Q20 3Q20 4Q20 $ 0.4 $ 2.0 $ 4.9 $ 11.1 FY 2017 FY 2018 FY 2019 FY 2020 244 542 804 969 FY 2017 FY 2018 FY 2019 FY 2020 Our Growth is Fueled by Powerful Network Effects Digital Currency Customers SEN LeverageTransaction Revenue1 SEN Transfers ($ in millions) ($ in millions) ___________ Note: SEN Leverage reflects Total Approved Lines of Credit. 1 Transaction revenue includes fee income from digital currency customers. $ ─ $ 12.5 $ 22.5 $ 35.5 $ 82.5 4Q19 1Q20 2Q20 3Q20 4Q20 $ 9.6 $ 17.4 $ 22.4 $ 36.7 $ 59.2 14,400 31,405 40,286 68,361 90,763 4Q19 1Q20 2Q20 3Q20 4Q20 SEN Transfer $ SEN Transaction # $ 9,607 $ 17,372 $ 22,423 $ 36,663 $ 59,227 14,400 31,405 40,286 68,361 90,763 4Q19 1Q20 2Q20 3Q20 4Q20 SEN Transfer $ SEN Transaction #

8 Cash 54 % Securities 17 % Loans 29 % Our Zero-Cost Funding from Customers is a Strategic Advantage Asset Allocation $5.2 bn Funding from Customers Highly liquid asset strategyP Significant capacity to grow SEN LeverageP Optimized to facilitate customer flowsP Zero-Cost Funding from Customers 98% $5.6 bn ___________ Note: Data as of 4Q20 unless otherwise noted. Market Expansion Driving Increased Value to the Platform SEN Adoption Providing Capital Efficiency for Customers $ 0.8 bn $ 1.8 bn $ 5.2 bn YE 2016 YE 2018 YE 2020

9 $ 18.8 $ 20.4 $ 21.5 $ 22.9 $ 26.8 4Q19 1Q20 2Q20 3Q20 4Q20 Platform is Driving Revenue Growth and Operating Leverage Revenue1 Operating Expense2 ___________ 1 Net Interest Income + Noninterest Income. 2 Total Noninterest Expense. ($ in millions) $ 13.7 $ 13.9 $ 14.0 $ 14.1 $ 15.3 $ 13.7 $ 13.9 $ 14.0 $ 14.1 $ 17.6 4Q19 1Q20 2Q20 3Q20 4Q20 $2.3 million occupancy impairment Business model and platform designed to scale and drive increasing profitability ($ in millions)

10 Network Effects of the SEN Create Multiple Avenues for Growth The network effects of the SEN reinforce the strength of our product offerings, create a platform to launch new customer solutions, and enable high-quality revenues Silvergate Exchange Network Payments Lending Funding Stablecoin Infrastructure Foreign Exchange Cash Management SEN Leverage Digital Asset Custody Deposit Account Services Asset Management

11 Investment Highlights Established and Rapidly Growing Customer Network Expanding SEN Platform Enabling High-Growth, High-Quality Revenue Streams Robust Compliance Framework Innovative Technology with Multiple Growth Vectors The Payment Rails Enabling the Digital Currency Markets

Appendix

13 Robust Compliance and Risk Management Framework Initial Due Diligence Ongoing Monitoring Our compliance process was built over the past seven years and has provided us with a strategic advantage within the digital currency industry that is the cornerstone of our leadership position today Daily Transaction Monitoring Customer Approval Due Diligence Prospecting Enhanced Due Diligence Periodic Review • Daily ◦ BSA/AML Alerts Monitoring ◦ Industry News Monitoring • Enhanced Due Diligence ◦ Customer Counterparty Reviews ◦ Negative News Reviews • Periodic Review ◦ Quarterly Account Activity Reviews ◦ Annual Company Reviews • Management Reporting ◦ Monthly Fintech Committee Meeting ◦ Reports to Enterprise Risk Committee ◦ Reports to Directors Loan Committee (ACH Origination) ◦ Quarterly BSA Risk Assessment • Executive Summary ◦ Company Description & Management Team ◦ Product & Target Customer ◦ Operational Needs • Reputation Review ◦ Customer Complaints ◦ Pending/Prior Litigation • Compliance Review ◦ Review of Organization’s Culture of Compliance ◦ BSA/AML Program ◦ Confirm Money Transmitter Registration & Licensing ◦ Review Independent Audits & Exams ◦ Site Visit ◦ UDAAP Policy/Procedure ◦ Information Security

14 4Q20 Financial Results ___________ Note: N/M - Not meaningful. Totals may not foot due to rounding. ($ in millions, except per share data) 4Q20 vs 4Q20 3Q20 4Q19 % Increase / (Decrease) Income Statement Net interest income $ 21.9 16 % 40 % Provision for loan losses 0.2 N/M N/M Noninterest income 4.8 22 % 55 % Noninterest expense 17.6 25 % 29 % Pre-tax income 9.0 3 % 76 % Income tax benefit (0.1) (108) % (109) % Net income $ 9.1 29 % 153 % Diluted EPS $ 0.47 Balance Sheet Securities $ 939 (1) % 5 % Total loans $ 1,613 15 % 55 % Total assets $ 5,586 113 % 162 % Digital currency related deposits $ 5,039 141 % 304 % Total shareholders' equity $ 294 4 % 27 %