Live Oak Banking Company in Wilmington, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches


Live Oak Banking Company - Overview

  • General
  • FDIC Certificate #: 58665
    Status: Active
    Federal Reserve ID: 3650808
    Bank Holding Company (Regulatory Top Holder): Live Oak Bancshares, Inc. (RSSDID: 3884863, Location: Wilmington, NC)
    Date Established: May 12, 2008
    WWW: http://www.liveoakbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 462249
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: May 12, 2008
    Last Structure Change Effective Date: May 12, 2008
    Last Structure Change Process Date: May 13, 2008
    Last Data Update: May 13, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 2605 Iron Gate Drive, Suite 100, Wilmington, NC 28412
    County: New Hanover
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Raleigh
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Wilmington, NC (#9200)
    Core Based Statistical Area (CBSA): Wilmington, NC (#48900)
    CBSA Metro Statistical Area: Wilmington, NC (#48900)
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
    New Institution
  • Financial Summary
  • Total assets: $263.5 mil
    Equity capital: $32.8 mil
    Deposits held in domestic offices: $226.2 mil
    Return on assets (ROA): 6.16% ($16.3 mil)
    Quarterly return on assets: 5.93% ($15.7 mil)
    Return on Equity (ROE): 57.38% ($18.9 mil)
    Quarterly return on equity: 48.30% ($15.9 mil)
    Net income: $15.2 mil
    Quarterly Net income: $3.9 mil
    Pretax return on assets: 6.16% ($16,232.8 mil)
    Quarterly Pretax return on assets: 5.93% ($15,626.7 mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 62Total employees (full-time equivalent)
  • $263,519Total assets
  • $27,536Cash and due from depository institutions
  • $26,999Interest-bearing balances
  • $16,848Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $192,981Net loans & leases
  • $5,218Loan loss allowance
  • $0Trading account assets
  • $2,825Bank premises and fixed assets
  • $0Other real estate owned
  • $11,217Goodwill and other intangibles
  • $263,519Life insurance assets
  • $12,112All other assets
  • $230,734Total liabilities and capital
  • $226,200Total liabilities
  • $220,495Total deposits
  • $226,200Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $4,534Subordinated debt
  • $32,785All other liabilities
  • $32,785Total equity capital
  • $32,785Total bank equity capital
  • $0Perpetual preferred stock
  • $4,361Common stock
  • $18,681Surplus
  • $9,743Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $112,060Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $9,871Income earned, not collected on loans
  • $9,870Earning assets
  • $1,209Long-term assets (5+ years)
  • $236,828Average Assets, year-to-date
  • $16,919Average Assets, quarterly
  • $246,549Volatile liabilities
  • $261,263Insider loans
  • $181,873FHLB advances
  • $263,278Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $31,161Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $43,142Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,386Total interest income
  • $3,158Total interest expense
  • $6,228Net interest income
  • $2,855Provision for loan and lease losses
  • $32,157Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $32,157Additional noninterest income
  • $20,336Total noninterest expense
  • $10,242Salaries and employee benefits
  • $683Premises and equipment expense
  • $9,411Additional noninterest expense
  • $15,194Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $15,194Income before extraordinary items
  • $0Extraordinary gains - net
  • $15,194Net income attributable to bank
  • $0Net charge-offs
  • $15,194Cash dividends
  • $1,461Sale, conversion, retirement of capital stock, net
  • $9,830Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.20%Yield on earning assets
  • 1.41%Cost of funding earning assets
  • 2.79%Net interest margin
  • 14.39%Noninterest income to earning assets
  • 9.10%Noninterest expense to earning assets
  • 6.16%Net operating income to assets
  • 6.16%Return on assets (ROA)
  • 6.16%Pretax return on assets
  • 57.38%Return on equity (ROE)
  • 20.26%Retained earnings to average equity (YTD only)
  • 0.79%Net charge-offs to loans
  • 195.41%Credit loss provision to net charge-offs
  • 12.35%Efficiency ratio
  • 52,979Assets per employee
  • 4.25%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 64.70%Loss allowance to loans
  • 2.63%Loss allowance to noncurrent loans
  • 52.86%Noncurrent assets plus other real estate owned to assets
  • 3.75%Noncurrent loans to loans
  • 4.98%Net loans and leases to deposits
  • 85.31%Net loans and leases to core deposits
  • 137.91%Equity capital to assets
  • 12.44%Core capital (leverage) ratio
  • 11.84%Tier 1 risk-based capital ratio
  • 17.13%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $246,549Average earning assets
  • $26,481Average equity
  • $223,412Average loans

List of branches

  • 1 North Carolina Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0462249Live Oak Banking Company2605 Iron Gate Drive, Suite 100, Wilmington, NC 28412May 12, 2008Full Service Brick and Mortar

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