Live Oak Banking Company

Live Oak Banking Company is an FDIC insured institution headquartered at 1757 Tiburon Dr, Wilmington, NC 28403.
It was founded in 2008 and has approximately $11 billion in assets. Customers can open an account at one of its 1 branches.

Deposit Rates - July 14, 2024

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 58665
Date Established 2008
Assets $ 11.21 billion
Loans $ 8.90 billion
Deposits $ 10.37 billion
Capital $ 765.71 million

Summary Balance Sheet as of June 30, 2023

Cash & Balances due from depository institutions $ 579.84 million
Interest-bearing balances $ 554.43 million
Total securities $ 1,127.81 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 8.90 billion
Loan loss allowance $ 125.84 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 6.48 million
Goodwill and other intangibles $ 51.86 million
All other assets $ 311.35 million
     Total Assets $ 10.44 billion

Total deposits $ 10.37 billion
      Interest-bearing deposits $ 10.02 billion
      Deposits held in domestic offices $ 10.37 billion
      % insured (estimated) 85.97%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 48.20 million
Subordinated debt N.A.
All other liabilities $ 77.18 millionn
      Total Liabilities $ 10.44 billion
      Shareholders’ Equity $ 765.71 million

Summary Income Statement as of June 30, 2023

Total Interest Income $ 687.38 million
Total Interest Expense $ 341.79 million
Net interest income $ 345.60 million
Provision for loan and lease losses $ 51.32 million
Total non interest income $ 95.45 million
Total non interest expense $ 302.59 million
Pre-tax Net Operating Income $ 47.35 million

Customer Reviews for Live Oak Banking Company (1)

Rated 1.00 stars out of 5 - based on 1 reviews
  • Opened for the higher rate, and the rate has stayed competitive even as rates have fallen across the board at all of these places so I cannot complain. But, what I will complain about are all of these constant emails the last two months about changes to the website, changes to my account, changes to the routing numbers, etc. It is really annoying and longwinded stuff, and the emails are the kind of emails that smell of something a senior partner in a law firm would send to a junior associate about their fax machine not working. Just not cool.

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