FDIC Certificate #: 58665 Status: Active Federal Reserve ID: 3650808 Bank Holding Company (Regulatory Top Holder): Live Oak Bancshares, Inc. (RSSDID: 3884863, Location: Wilmington, NC) Date Established: May 12, 2008 WWW:http://www.liveoakbank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 462249 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: Yes Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: May 12, 2008 Last Structure Change Effective Date: May 12, 2008 Last Structure Change Process Date: May 13, 2008 Last Data Update: May 13, 2008 Data Source Date: April 05, 2012
Location
Address: 2605 Iron Gate Drive, Suite 100, Wilmington, NC 28412 County: New Hanover Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Raleigh Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Wilmington, NC (#9200) Core Based Statistical Area (CBSA): Wilmington, NC (#48900) CBSA Metro Statistical Area: Wilmington, NC (#48900)
History of Changes
Change in Geographic Region/Area/Territory/Field Office
New Institution
Financial Summary
Total assets: $263.5 mil Equity capital: $32.8 mil Deposits held in domestic offices: $226.2 mil Return on assets (ROA): 6.16% ($16.3 mil) Quarterly return on assets: 5.93% ($15.7 mil) Return on Equity (ROE): 57.38% ($18.9 mil) Quarterly return on equity: 48.30% ($15.9 mil) Net income: $15.2 mil Quarterly Net income: $3.9 mil Pretax return on assets: 6.16% ($16,232.8 mil) Quarterly Pretax return on assets: 5.93% ($15,626.7 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2011)
Dollar figures in thousands
62Total employees (full-time equivalent)
$263,519Total assets
$27,536Cash and due from depository institutions
$26,999Interest-bearing balances
$16,848Securities
$0Federal funds sold & reverse repurchase agreements
$192,981Net loans & leases
$5,218Loan loss allowance
$0Trading account assets
$2,825Bank premises and fixed assets
$0Other real estate owned
$11,217Goodwill and other intangibles
$263,519Life insurance assets
$12,112All other assets
$230,734Total liabilities and capital
$226,200Total liabilities
$220,495Total deposits
$226,200Interest-bearing deposits
$86Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$4,534Subordinated debt
$32,785All other liabilities
$32,785Total equity capital
$32,785Total bank equity capital
$0Perpetual preferred stock
$4,361Common stock
$18,681Surplus
$9,743Undivided profits
Memoranda
$0Noncurrent loans and leases
$112,060Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$9,871Income earned, not collected on loans
$9,870Earning assets
$1,209Long-term assets (5+ years)
$236,828Average Assets, year-to-date
$16,919Average Assets, quarterly
$246,549Volatile liabilities
$261,263Insider loans
$181,873FHLB advances
$263,278Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$31,161Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$43,142Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$9,386Total interest income
$3,158Total interest expense
$6,228Net interest income
$2,855Provision for loan and lease losses
$32,157Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$32,157Additional noninterest income
$20,336Total noninterest expense
$10,242Salaries and employee benefits
$683Premises and equipment expense
$9,411Additional noninterest expense
$15,194Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$15,194Income before extraordinary items
$0Extraordinary gains - net
$15,194Net income attributable to bank
$0Net charge-offs
$15,194Cash dividends
$1,461Sale, conversion, retirement of capital stock, net
$9,830Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.20%Yield on earning assets
1.41%Cost of funding earning assets
2.79%Net interest margin
14.39%Noninterest income to earning assets
9.10%Noninterest expense to earning assets
6.16%Net operating income to assets
6.16%Return on assets (ROA)
6.16%Pretax return on assets
57.38%Return on equity (ROE)
20.26%Retained earnings to average equity (YTD only)
0.79%Net charge-offs to loans
195.41%Credit loss provision to net charge-offs
12.35%Efficiency ratio
52,979Assets per employee
4.25%Cash dividends to net income (YTD only)
Condition Ratios (%)
64.70%Loss allowance to loans
2.63%Loss allowance to noncurrent loans
52.86%Noncurrent assets plus other real estate owned to assets
3.75%Noncurrent loans to loans
4.98%Net loans and leases to deposits
85.31%Net loans and leases to core deposits
137.91%Equity capital to assets
12.44%Core capital (leverage) ratio
11.84%Tier 1 risk-based capital ratio
17.13%Total risk-based capital ratio
Memoranda
$18Average assets
$246,549Average earning assets
$26,481Average equity
$223,412Average loans
List of branches
1 North Carolina Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
462249
Live Oak Banking Company
2605 Iron Gate Drive, Suite 100, Wilmington, NC 28412
May 12, 2008
Full Service Brick and Mortar
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