Live Oak Banking Company

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Live Oak Banking Company Locations

Deposit Rates - May 12, 2021

SAVINGS RATES APY MIN MAX
SAV
0.55% $0 - Compare
CD RATES APY MIN MAX
6 Mo CD
0.25% $2,500 $250,000 Compare
12 Mo CD
0.60% $2,500 $250,000 Compare
18 Mo CD
0.65% $2,500 $250,000 Compare
24 Mo CD
0.70% $2,500 $250,000 Compare
36 Mo CD
0.70% $2,500 $250,000 Compare
48 Mo CD
0.70% $2,500 $250,000 Compare
60 Mo CD
0.70% $2,500 $250,000 Compare

Overview 2021

General Bank Information

FDIC Insured Yes
FDIC Certificate # 58665
Date Established 2008
Assets $ 7.83 billion
Loans $ 6.27 billion
Deposits $ 5.73 billion
Capital $ 516.35 million

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 303.69 million
Interest-bearing balances $ 182.64 million
Total securities $ 752.45 million
Federal funds sold and reverse repurchase $ 21.15 million
Net loans and leases $ 6.27 billion
Loan loss allowance $ 52.31 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 4.16 million
Goodwill and other intangibles $ 37.00 million
All other assets $ 318.25 million
     Total Assets $ 7.32 billion

LIABILITIES
Total deposits $ 5.73 billion
      Interest-bearing deposits $ 5.64 billion
      Deposits held in domestic offices $ 5.73 billion
      % insured (estimated) 85.33%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 1,530.36 million
Subordinated debt N.A.
All other liabilities $ 60.96 millionn
      Total Liabilities $ 7.32 billion
      Shareholders’ Equity $ 516.35 million

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 287.18 million
Total Interest Expense $ 93.31 million
Net interest income $ 193.86 million
Provision for loan and lease losses $ 40.66 million
Total non interest income $ 63.98 million
Total non interest expense $ 180.24 million
Pre-tax Net Operating Income $ 36.95 million

Live Oak Banking Company is an FDIC insured institution headquartered at 1757 Tiburon Drive, Wilmington, NC 28403.
It was founded in 2008 and has approximately $8 billion in assets. Customers can open an account at one of its 1 branches.