Live Oak Banking Company

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Live Oak Banking Company Locations

Deposit Rates - February 28, 2021

SAVINGS RATES APY MIN MAX
SAV
0.60% $0 - Compare
CD RATES APY MIN MAX
6 Mo CD
0.25% $2,500 $250,000 Compare
12 Mo CD
0.65% $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 $ 8.06 billion
Loans $ 6.18 billion
Deposits $ 5.71 billion
Capital $ 529.13 million

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 615.39 million
Interest-bearing balances $ 421.28 million
Total securities $ 768.12 million
Federal funds sold and reverse repurchase $ 25.92 million
Net loans and leases $ 6.18 billion
Loan loss allowance $ 44.21 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 3.26 million
Goodwill and other intangibles $ 40.82 million
All other assets $ 302.17 million
     Total Assets $ 7.53 billion

LIABILITIES
Total deposits $ 5.71 billion
      Interest-bearing deposits $ 5.65 billion
      Deposits held in domestic offices $ 5.71 billion
      % insured (estimated) 86.75%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 1,745.03 million
Subordinated debt N.A.
All other liabilities $ 71.01 millionn
      Total Liabilities $ 7.53 billion
      Shareholders’ Equity $ 529.13 million

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 205.20 million
Total Interest Expense $ 72.62 million
Net interest income $ 132.58 million
Provision for loan and lease losses $ 32.02 million
Total non interest income $ 54.39 million
Total non interest expense $ 131.95 million
Pre-tax Net Operating Income $ 22.99 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.