Live Oak Banking Company

1757 Tiburon Drive
Wilmington, NC 28403

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 58665
Date Established 2008
Assets $2.35 billion
Loans $1.86 billion
Deposits $2.08 billion
Capital $0.22 billion

Live Oak Banking Company is an FDIC insured institution located in Wilmington, NC. It was founded in 2008 and has approximately $2.35 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 0.53
Multifamily
Mortgages
0.07
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 5.49
Construction and Development Loans 28.23
Commercial Real Estate 30.29
Commercial and Industrial Loans 29.01
Farm Loans 0.00

Deposit Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
6 Month CD
1.65% $2,500 $250,000 Learn MoreShow Less
One-Year CD
2.10% $2,500 $250,000 Learn MoreShow Less
18 Month CD
2.30% $2,500 $250,000 Learn MoreShow Less
2 Year CD
2.35% $2,500 $250,000 Learn MoreShow Less
3 Year CD
2.40% $2,500 $250,000 Learn MoreShow Less
4 Year CD
2.45% $2,500 $250,000 Learn MoreShow Less
Savings Rates APY MIN MAX
Savings Account
1.60% $0 - Learn MoreShow Less

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 2018

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Ally Mortgage
NMLS ID: 181005
4.534% 4.500% 0.13 $1,094 $1,267 Learn More
Flagstar Bank, FSB
NMLS ID: 417490
4.547% 4.500% 0.13 $1,385 $1,267 Learn More
AimLoan.com NMLS#2890
NMLS ID: 2890
License#: MC-3098
4.284% 4.250% 0.00 $1,127 $1,230 Learn More
PenFed Credit Union
NMLS ID: 401822
4.459% 4.375% 0.00 $2,500 $1,249 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.740% $231.27 Learn More
Flagstar Bank 5.240% $275.79 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
10.16% 8.32%

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, 2017, Live Oak Banking Company had $22,531,000 in non-current loans and $2,231,000 in owned real estate. To cover these potential losses it had $222,438,000 in equity and $21,298,000 in loans loss reserves. That gives it a Texas Ratio of 10.16%.

Return on Equity
Live Oak Banking Company U.S. Bank Average
20.56% 8.84%

Live Oak Banking Company has a Return on Equity of 20.56% versus the BestCashCow average of 8.84%. 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
9.48% 12.21%

Live Oak Banking Company has a Capitalization of 9.48% versus the BestCashCow average of 12.21. 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, 2017, Live Oak Banking Company had assets of $2,345,382,000, loans of $1,855,091,000, and deposits of $2,080,322,000. 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


  • Julia Robb

    January 26, 2018 |

    Online Savings Rates

    This was just an aweful, aweful thing. Opening the account was a real tough thing. I hope Bank Rate and Best Cash Cow start sending people only to Ally, Synchrony and Cap1.

  • Jerry In MA

    January 26, 2018 |

    Jan 26th, 2018

    How can I describe the account setup process with Live Oak bankl? In one word… ridiculous!

    I provided all the information they requested to open a $20k CD last Friday. By the following Thursday I still hadn’t heard back from them (in complete contravention of their claimed 2 day response for opening new accounts). So I sent them an email asking what the status was. Later that day I received an email stating they were still reviewing my application and that they still needed some additional paperwork.

    Now, I’m a 70 year old, white male, own my own $500k home, 18 acres of land, no mortgage, and I’m retired (used to be a Regional Sales Manager for a Fortune 250 company). Oh yeh, did I mention I have an 822 credit score?

    What I don’t have is bills. The electric bill is in my wife’s name (she kept her maiden name because she owns her own company). We don’t have a large electric bill cause we have solar. We don’t have gas, we use oil. And we don’t have a water bill since we have our own well.

    So, what’s the problem?

    According to Live Oak bank, my Social Security number, house address, bank references and 20 minutes of filling in their application weren’t enough. They needed an electric bill in MY name to prove that was my home address! Really? The alternative, according to their ‘lack of customer service’ department, was to provide them with my IRS tax statement! What!? You want my most personal info to prove the house is mine? In this day and age you can’t figure out how to find out if this is my address? I even offered to provide a copy of my passport. What about a copy of my credit report? Nope. Not acceptable. Electric bill in MY name or my taxes. That’s it!

    So, let’s see. That means that any men who have their wives names on the utility bills won’t be able to open an account. Or, god forbid, you have a well instead of city water! But you can ALWAYS provide them with your tax return! Nope. Not happening.

    So, frustrated, I contacted Synchrony Bank, filled in their easy (and quick) CD application on-line and had the account ready to go within hours… and they are currently paying 2% on 12 month CD’s. So now Synchrony Bank has my $20k, not Live Oak.

    Congrats Synchrony Bank! Major fail Live Oak.

  • Red Farm

    January 08, 2018 |

    Online Savings Rates

    losing 3-4 days or more of interest when transferring money to Live Oak either through a push or pull is a deal breaker. It effectively lowers the interest earned. When transferring money for example into Goldman Sachs or Pure Point Bank from an external bank it posts the transaction the same day and you're earning interest immediately.

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