Live Oak State Bank in Dallas, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

Live Oak State Bank - Overview

  • General
  • FDIC Certificate #: 57187
    Status: Active
    Federal Reserve ID: 3035759
    Bank Holding Company (Regulatory Top Holder): Live Oak Financial Corp. (RSSDID: 3035571, Location: Dallas, TX)
    Date Established: October 04, 2001
    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 #: 359285
    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: October 04, 2001
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 3206 Live Oak, Dallas, TX 75204
    County: Dallas
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Dallas
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Dallas, TX (#1920)
    Consolidated Metropolitan Statistical Area (CMSA): Dallas-Fort Worth, TX (#31)
    Combined Statistical Area (CSA): Dallas-Fort Worth, TX (#206)
    Core Based Statistical Area (CBSA): Dallas-Fort Worth-Arlington, TX (#19100)
    CBSA Metro Statistical Area: Dallas-Fort Worth-Arlington, TX (#19100)
    Core Based Statistical Division: Dallas-Plano-Irving, TX (#19124)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $115.0 mil
    Equity capital: $13.4 mil
    Deposits held in domestic offices: $96.7 mil
    Return on assets (ROA): 1.26% ($1.4 mil)
    Quarterly return on assets: 1.14% ($1.3 mil)
    Return on Equity (ROE): 10.89% ($1.4 mil)
    Quarterly return on equity: 9.79% ($1.3 mil)
    Net income: $1.4 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.26% ($1,449.4 mil)
    Quarterly Pretax return on assets: 1.14% ($1,311.3 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
  • 17Total employees (full-time equivalent)
  • $115,030Total assets
  • $21,680Cash and due from depository institutions
  • $18,421Interest-bearing balances
  • $21,726Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $68,230Net loans & leases
  • $1,055Loan loss allowance
  • $0Trading account assets
  • $2,284Bank premises and fixed assets
  • $410Other real estate owned
  • $0Goodwill and other intangibles
  • $115,030Life insurance assets
  • $700All other assets
  • $101,582Total liabilities and capital
  • $96,671Total liabilities
  • $62,697Total deposits
  • $96,671Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 4699.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $212Subordinated debt
  • $13,448All other liabilities
  • $13,448Total equity capital
  • $13,448Total bank equity capital
  • $0Perpetual preferred stock
  • $2,723Common stock
  • $6,017Surplus
  • $4,708Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $87Income earned, not collected on loans
  • $0Earning assets
  • $280Long-term assets (5+ years)
  • $108,377Average Assets, year-to-date
  • $8,922Average Assets, quarterly
  • $112,271Volatile liabilities
  • $114,617Insider loans
  • $63,654FHLB advances
  • $117,208Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $13,451Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $10,263Restructured Loans and leases
  • $1,863Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,454Total interest income
  • $406Total interest expense
  • $4,048Net interest income
  • $0Provision for loan and lease losses
  • $200Total noninterest income
  • $0Fiduciary activities
  • $227Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$27Additional noninterest income
  • $2,835Total noninterest expense
  • $1,713Salaries and employee benefits
  • $211Premises and equipment expense
  • $911Additional noninterest expense
  • $1,413Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $1,413Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,413Net income attributable to bank
  • $0Net charge-offs
  • $1,413Cash dividends
  • $120Sale, conversion, retirement of capital stock, net
  • $474Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.27%Yield on earning assets
  • 0.39%Cost of funding earning assets
  • 3.88%Net interest margin
  • 0.19%Noninterest income to earning assets
  • 2.72%Noninterest expense to earning assets
  • 1.26%Net operating income to assets
  • 1.26%Return on assets (ROA)
  • 1.26%Pretax return on assets
  • 10.89%Return on equity (ROE)
  • 7.24%Retained earnings to average equity (YTD only)
  • 0.17%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 11.78%Efficiency ratio
  • 66,737Assets per employee
  • 6.77%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 33.55%Loss allowance to loans
  • 1.52%Loss allowance to noncurrent loans
  • 1212.64%Noncurrent assets plus other real estate owned to assets
  • 0.43%Noncurrent loans to loans
  • 0.13%Net loans and leases to deposits
  • 70.58%Net loans and leases to core deposits
  • 75.97%Equity capital to assets
  • 11.69%Core capital (leverage) ratio
  • 11.48%Tier 1 risk-based capital ratio
  • 21.13%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $112,271Average earning assets
  • $12,974Average equity
  • $104,350Average loans

List of branches

  • 1 Texas Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0359285Live Oak State Bank3206 Live Oak, Dallas, TX 75204October 04, 2001Full Service Brick and Mortar

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