Live Oak Banking Company

1757 Tiburon Drive
Wilmington, NC 28403

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 58665
Date Established 2008
Assets $2.12 billion
Loans $1.69 billion
Deposits $1.89 billion
Capital $0.18 billion

Live Oak Banking Company is an FDIC insured institution located in Wilmington, NC. It was founded in 2008 and has approximately $2.12 billion in assets.

For a more detailed analysis of Live Oak Banking Company's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in Live Oak Banking Company’s loan portfolio are Commercial and Industrial Loans, Construction and Development Loans, and Commercial Real Estate.

Compared to other banks in North Carolina, Live Oak Banking Company has a significantly higher percent of Construction and Development Loans, Commercial and Industrial Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 0.87
Multifamily
Mortgages
0.09
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 5.77
Construction and Development Loans 28.31
Commercial Real Estate 27.04
Commercial and Industrial Loans 32.24
Farm Loans 0.00

Deposit Rates

Your Current Location: Virginia, VA 20146

Learn more about these great CD rates:

1.25% APY Online Savings Account from Ally Bank
1.60% APY 11 Month CD from Ally Bank

Savings Rates APY MIN MAX

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Live Oak Banking Company

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2017

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Cornerstone Home Lending
NMLS ID: 119622
License#: MC-4673
3.896% 3.875% 0.25 $635 $1,176 Learn More
PenFed Credit Union
NMLS ID: 401822
3.957% 3.875% 0.00 $2,500 $1,176 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2017

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.240% $217.33 Learn More

Note to Live Oak Banking Company
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Live Oak Banking Company branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Live Oak Banking Company Locations

Financial Details

Live Oak Banking Company Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Live Oak Banking Company. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Live Oak Banking Company U.S. Bank Average
11.91% 8.45

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2017, Live Oak Banking Company had $21,951,000 in non-current loans and $2,140,000 in owned real estate. To cover these potential losses it had $182,481,000 in equity and $19,836,000 in loans loss reserves. That gives it a Texas Ratio of 11.91%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
Live Oak Banking Company U.S. Bank Average
21.39% 8.58

Live Oak Banking Company has a Return on Equity of 21.39% versus the BestCashCow average of 8.58. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Live Oak Banking Company U.S. Bank Average
8.6% 12.11

Live Oak Banking Company has a Capitalization of 8.6% versus the BestCashCow average of 12.11. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Live Oak Banking Company Balance Sheet Analysis

As of June 30, 2017, Live Oak Banking Company had assets of $2,122,692,000, loans of $1,687,950,000, and deposits of $1,892,350,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Frequently Asked Questions About Live Oak Banking Company

Branches and Savings

Is Live Oak Banking Company FDIC insured?

Yes. It is covered under FDIC Certificate #58665.

Why does Live Oak Banking Company pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Live Oak Banking Company CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Live Oak Banking Company a commercial bank?

Yes

Where are Live Oak Banking Company locations?

See branch locations nearby.

Is Live Oak Banking Company open on Saturdays?

Is Live Oak Banking Company open on Sundays?

What time does Live Oak Banking Company open?

What time does Live Oak Banking Company close?

Are Live Oak Banking Company ATMs Open 24/7?

Do Live Oak Banking Company ATMs accept cash deposits?

Can Live Oak Banking Company customers use other ATMs?

Do Live Oak Banking Company branches have notaries?

Will Live Oak Banking Company notarize my document?

What address for Live Oak Banking Company should I put for incoming ACH transfers?

Will the Live Oak Banking Company branch print checks?

Do Live Oak Banking Company checks expire?

Does Live Oak Banking Company require US citizenship to open account?

Can Live Oak Banking Company close my account?

Does Live Oak Banking Company Report to credit bureaus?

Does Live Oak Banking Company Use Equifax?

What is Live Oak Banking Company's ACH Routing Number?

What is Live Oak Banking Company's SWIFT code?

Products

Does Live Oak Banking Company offer mortgages?

Compare mortgage rates here.

Does Live Oak Banking Company offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Live Oak Banking Company offer personal loans?

Compare personal loan rates here.

Does Live Oak Banking Company offer student loans?

Will Live Oak Banking Company cash a check?

Will Live Oak Banking Company redeem a savings bond?

Does Live Oak Banking Company cash savings bonds?

Will Live Oak Banking Company cash money orders?

Can Live Oak Banking Company issue a money order?

Does Live Oak Banking Company do currency exchange?

Background on The Bank

Who owns Live Oak Banking Company?

How long has Live Oak Banking Company been around?

Can Live Oak Banking Company transfer to other banks?

Does Live Oak Banking Company have quick pay?

Does Live Oak Banking Company accept rolled coins?

Will Live Oak Banking Company accept loose change?

Where is Live Oak Banking Company headquarters?

Customer Reviews for Live Oak Banking Company


  • Rob

    November 26, 2017 |

    Online Savings Rates

    Easy to set up. Great interface. The only issue is that I can't link it to my Mint account but customer support was great and said they were working on getting it fixed soon.

  • Emily c

    September 16, 2017 |

    Online Savings Rates

    Neither easy nor pleasant to open the account. I will not chase pennies again, but will choose a better know bank from your list.

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