Crypto-friendly bank Signature Bank has released its interim financial update for the first quarter of 2023. Signature Bank added $682 million in deposits and $1.51 billion in withdrawals in the first quarter, reducing net deposits by $826 million. Additionally, deposits averaged $88.79 billion in the first quarter, up from $88.59 billion on December 31, 2022, but lower than the $98.6 billion average in the fourth quarter of 2022. Signature Bank says it does not trade, host, originate or make loans with cryptocurrencies as collateral.