Live Oak Banking Company

1757 Tiburon Drive
Wilmington, NC 28403


2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 58665
Date Established 2008
Assets $3.40 billion
Loans $2.26 billion
Deposits $2.95 billion
Capital $0.39 billion

Live Oak Banking Company is an FDIC insured institution located in Wilmington, NC. It was founded in 2008 and has approximately $3.4 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 Real Estate, Commercial and Industrial Loans, and Construction and Development Loans.

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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 0.64
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 4.50
Construction and Development Loans 28.48
Commercial Real Estate 31.12
Commercial and Industrial Loans 28.92
Farm Loans 0.00

Deposit Rates - January 16, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
6 Month CD
2.45% $2,500 $250,000 Learn MoreShow Less
One-Year CD
2.85% $2,500 $250,000 Learn MoreShow Less
18 Month CD
2.90% $2,500 $250,000 Learn MoreShow Less
2 Year CD
3.00% $2,500 $250,000 Learn MoreShow Less
3 Year CD
3.05% $2,500 $250,000 Learn MoreShow Less
4 Year CD
3.10% $2,500 $250,000 Learn MoreShow Less
5 Year CD
3.15% $2,500 $250,000 Learn MoreShow Less

Bank Offers

Live Oak Bank Raises It CD Rates
Jul 5, 2018

Live Oak Bank has raised all of their CD rates.   For those willing to tie up their money for short periods in order to earn higher interest rates, their 6-month rate (now at 2.00%) and the 1-year rate (now at 2.50%) could be compelling.   Their complete CD offerings can be found here.  The complete and most current list of 1-year online CD rates is here.

Live Oak Raises Online Savings Rate from 2.10% to 2.25%
Jan 9, 2019

Live Oak Bank has raised its online savins rate to 2.25%.

Loan Rates - January 16, 2019

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 2019

Lender APR Rate (%) Points Fees Monthly
Learn More NMLS#2890
NMLS ID: 2890
License#: MC-3098
4.301% 4.250% 0.25 $1,632 $1,230 Learn More
Rocket Mortgage
NMLS ID: 3030
4.875% 4.875% 0.00 $0 $1,324 Learn More
J.G. Wentworth Home Lending, LLC
NMLS ID: 2925
License#: MC-1875
4.275% 4.250% 0.25 $730 $1,230 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.250% 5.250% 0.00 $0 $1,381 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender Rate (%) Monthly Payment Learn More

Note to Live Oak Banking Company
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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.

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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 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
12.96% 7.34%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of September 30, 2018, Live Oak Banking Company had $52,825,000 in non-current loans and $1,429,000 in owned real estate. To cover these potential losses it had $391,652,000 in equity and $26,969,000 in loans loss reserves. That gives it a Texas Ratio of 12.96%.

Return on Equity
Live Oak Banking Company U.S. Bank Average
19.63% 9.95%

Live Oak Banking Company has a Return on Equity of 19.63% versus the BestCashCow average of 9.95%. 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.

Live Oak Banking Company U.S. Bank Average
11.53% 12.19%

Live Oak Banking Company has a Capitalization of 11.53% versus the BestCashCow average of 12.19. 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 September 30, 2018, Live Oak Banking Company had assets of $3,396,496,000, loans of $2,263,059,000, and deposits of $2,948,725,000. 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.

Summary Balance Sheet

September 30, 2018
Cash & Balances due from depository institutions $0.36 billion
Interest-bearing balances $0.35 billion
Total securities $0.38 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $2.26 billion
Loan loss allowance $0.03 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.05 billion
All other assets $0.22 billion
     Total Assets $3.00 billion
Total deposits $2.95 billion
      Interest-bearing deposits $2.88 billion
      Deposits held in domestic offices $2.95 billion
      % insured (estimated) 83.21%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.06 billion
      Total Liabilities $3.00 billion
      Shareholders’ Equity $0.39 billion

Summary Income Statement

September 30, 2018
Total Interest Income $0.12 billion
Total Interest Expense $0.04 billion
Net interest income $0.08 billion
Provision for loan and lease losses $0.01 billion
Total non interest income $0.08 billion
Total non interest expense $0.10 billion
Pre-tax Net Operating Income $0.05 billion

Customer Reviews for Live Oak Banking Company

  • Stephanie

    November 25, 2018 |

    Online CDs 12 Month Rates

    The 2.80% 1-year CD rate is a mirage. Not easy to open or transfer money. Frustrating! Note to Bestcashcow - this is a local bank in North Carolina. You should not be listing it among online rates. You are wasting people's time!

  • Geb

    July 08, 2018 |

    Online CDs 12 Month Rates

    Open account 2 months ago talked to them several times on phone they were always nice and very helpful no problems so far everything is good

  • Stevie G

    July 01, 2018 |

    Online Savings Rates

    They were competitive but have stopped raising their rates and now provide only a spinning wheel when you try to log in. Nice!

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*All images, logos and public notes on this page appear courtesy of Live Oak Banking Company and are not subject to approval of BestCashCow. BestCashCow expressly disclaims all responsibility for this content.