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 $9 billion in
assets. Customers can open an account at one of its 1 branches.
Third Federal rate are typically 20% lower than other leaders
Guaranteed Lowest Rate
No closing costs, prepayment penalties, or minimum draw requirements
10 year draw period
Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for
taxes and insurance premiums. Click here for more information on rates and product details.
Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for
taxes and insurance premiums. Click here for more information on rates and product details.
Overview 2023
General Bank Information
FDIC Insured
Yes
FDIC Certificate
# 58665
Date Established
2008
Assets
$ 9.03 billion
Loans
$ 7.31 billion
Deposits
$ 8.52 billion
Capital
$ 634.04 million
Summary Balance Sheet
ASSETS
Cash & Balances due from depository institutions
$ 328.27 million
Interest-bearing balances
$ 98.59 million
Total securities
$ 1,006.79 million
Federal funds sold and reverse repurchase
$ 68.32 million
Net loans and leases
$ 7.31 billion
Loan loss allowance
$ 78.29 million
Trading account assets
N.A.
Bank premises and fixed assets
N.A.
Other real estate owned
$ 1.18 million
Goodwill and other intangibles
$ 32.43 million
All other assets
$ 311.35 million
Total Assets
$ 8.59 billion
LIABILITIES
Total deposits
$ 8.52 billion
Interest-bearing deposits
$ 8.23 billion
Deposits held in domestic offices
$ 8.52 billion
% insured (estimated)
81.61%
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
$ 8.59 billion
Shareholders’ Equity
$ 437.69 million
Summary Income Statement
INCOME AND EXPENSES
Total Interest Income
$ 307.71 million
Total Interest Expense
$ 64.96 million
Net interest income
$ 242.75 million
Provision for loan and lease losses
$ 21.27 million
Total non interest income
$ 59.54 million
Total non interest expense
$ 216.57 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
Yazmina
August 3, 2021 |
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.
Yazmina
August 3, 2021 |
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.