Live Oak Banking Company

1757 Tiburon Drive
Wilmington, NC 28403

 

2018 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 58665
Date Established 2008
Assets $3.42 billion
Loans $2.28 billion
Deposits $3.00 billion
Capital $0.37 billion

Live Oak Banking Company is an FDIC insured institution located in Wilmington, NC. It was founded in 2008 and has approximately $3.42 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, Commercial Real Estate, 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 0.42
Multifamily
Mortgages
0.04
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 4.63
Construction and Development Loans 27.79
Commercial Real Estate 30.97
Commercial and Industrial Loans 30.97
Farm Loans 0.00

Deposit Rates - November 21, 2018

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
CD Rates APY MIN MAX

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.


Loan Rates - November 21, 2018

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 2018

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
PenFed Credit Union
NMLS ID: 401822
4.753% 4.625% 0.50 $3,750 $1,286 Learn More
Rocket Mortgage
NMLS ID: 3030
5.125% 5.125% 0.00 $0 $1,362 Learn More
HSBC Bank USA N.A.
NMLS ID: 399799
4.953% 4.875% 0.38 $2,336 $1,324 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More
Flagstar Bank 5.49% $284 Learn More
Third Federal Savings and Loans 4.24% $246 Learn More

Note to Live Oak Banking Company
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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
11.88% 7.92%

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 June 30, 2018, Live Oak Banking Company had $46,260,000 in non-current loans and $1,725,000 in owned real estate. To cover these potential losses it had $374,361,000 in equity and $29,462,000 in loans loss reserves. That gives it a Texas Ratio of 11.88%.

Return on Equity
Live Oak Banking Company U.S. Bank Average
19.51% 9.77%

Live Oak Banking Company has a Return on Equity of 19.51% versus the BestCashCow average of 9.77%. 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
10.96% 12.31%

Live Oak Banking Company has a Capitalization of 10.96% versus the BestCashCow average of 12.31. 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, 2018, Live Oak Banking Company had assets of $3,416,996,000, loans of $2,275,510,000, and deposits of $2,995,140,000. 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

June 30, 2018
ASSETS
Cash & Balances due from depository institutions $0.39 billion
Interest-bearing balances $0.37 billion
Total securities $0.38 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $2.28 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 $0.21 billion
     Total Assets $3.04 billion
LIABILITIES
Total deposits $3.00 billion
      Interest-bearing deposits $2.92 billion
      Deposits held in domestic offices $3.00 billion
      % insured (estimated) 85.64%
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 $0.05 billion
      Total Liabilities $3.04 billion
      Shareholders’ Equity $0.37 billion

Summary Income Statement

June 30, 2018
INCOME AND EXPENSES
Total Interest Income $0.08 billion
Total Interest Expense $0.02 billion
Net interest income $0.05 billion
Provision for loan and lease losses $0.01 billion
Total non interest income $0.06 billion
Total non interest expense $0.07 billion
Pre-tax Net Operating Income $0.04 billion

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


  • 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!

  • Nancy D

    May 28, 2018 |

    Online Savings Rates

    We opened a joint account here about 6 months ago when the rate was the highest. We have enjoyed the rate and had never needed to contact them by phone. We tried to call last week with some minor issues with the website and only Ikea has longer hold times! We will be switching back to Ally or Capital One as soon as their rates match.

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