FDIC Certificate #: 57187 Status: Active Federal Reserve ID: 3035759 Bank Holding Company (Regulatory Top Holder): Live Oak Financial Corp. (RSSDID: 3035571, Location: Dallas, TX) Date Established: October 04, 2001 WWW:http://www.liveoakstatebank.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 #: 359285 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: October 04, 2001 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 3206 Live Oak, Dallas, TX 75204 County: Dallas Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Dallas Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: West Metropolitan Statistical Area (MSA): Dallas, TX (#1920) Consolidated Metropolitan Statistical Area (CMSA): Dallas-Fort Worth, TX (#31) Combined Statistical Area (CSA): Dallas-Fort Worth, TX (#206) Core Based Statistical Area (CBSA): Dallas-Fort Worth-Arlington, TX (#19100) CBSA Metro Statistical Area: Dallas-Fort Worth-Arlington, TX (#19100) Core Based Statistical Division: Dallas-Plano-Irving, TX (#19124)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $115.0 mil Equity capital: $13.4 mil Deposits held in domestic offices: $96.7 mil Return on assets (ROA): 1.26% ($1.4 mil) Quarterly return on assets: 1.14% ($1.3 mil) Return on Equity (ROE): 10.89% ($1.4 mil) Quarterly return on equity: 9.79% ($1.3 mil) Net income: $1.4 mil Quarterly Net income: $0.3 mil Pretax return on assets: 1.26% ($1,449.4 mil) Quarterly Pretax return on assets: 1.14% ($1,311.3 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
17Total employees (full-time equivalent)
$115,030Total assets
$21,680Cash and due from depository institutions
$18,421Interest-bearing balances
$21,726Securities
$0Federal funds sold & reverse repurchase agreements
$68,230Net loans & leases
$1,055Loan loss allowance
$0Trading account assets
$2,284Bank premises and fixed assets
$410Other real estate owned
$0Goodwill and other intangibles
$115,030Life insurance assets
$700All other assets
$101,582Total liabilities and capital
$96,671Total liabilities
$62,697Total deposits
$96,671Interest-bearing deposits
$89Deposits held in domestic offices
4699.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$212Subordinated debt
$13,448All other liabilities
$13,448Total equity capital
$13,448Total bank equity capital
$0Perpetual preferred stock
$2,723Common stock
$6,017Surplus
$4,708Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$87Income earned, not collected on loans
$0Earning assets
$280Long-term assets (5+ years)
$108,377Average Assets, year-to-date
$8,922Average Assets, quarterly
$112,271Volatile liabilities
$114,617Insider loans
$63,654FHLB advances
$117,208Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$13,451Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$10,263Restructured Loans and leases
$1,863Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$4,454Total interest income
$406Total interest expense
$4,048Net interest income
$0Provision for loan and lease losses
$200Total noninterest income
$0Fiduciary activities
$227Service charges on deposit accounts
$0Trading account gains & fees
-$27Additional noninterest income
$2,835Total noninterest expense
$1,713Salaries and employee benefits
$211Premises and equipment expense
$911Additional noninterest expense
$1,413Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$1,413Income before extraordinary items
$0Extraordinary gains - net
$1,413Net income attributable to bank
$0Net charge-offs
$1,413Cash dividends
$120Sale, conversion, retirement of capital stock, net
$474Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.27%Yield on earning assets
0.39%Cost of funding earning assets
3.88%Net interest margin
0.19%Noninterest income to earning assets
2.72%Noninterest expense to earning assets
1.26%Net operating income to assets
1.26%Return on assets (ROA)
1.26%Pretax return on assets
10.89%Return on equity (ROE)
7.24%Retained earnings to average equity (YTD only)
0.17%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
11.78%Efficiency ratio
66,737Assets per employee
6.77%Cash dividends to net income (YTD only)
Condition Ratios (%)
33.55%Loss allowance to loans
1.52%Loss allowance to noncurrent loans
1212.64%Noncurrent assets plus other real estate owned to assets
0.43%Noncurrent loans to loans
0.13%Net loans and leases to deposits
70.58%Net loans and leases to core deposits
75.97%Equity capital to assets
11.69%Core capital (leverage) ratio
11.48%Tier 1 risk-based capital ratio
21.13%Total risk-based capital ratio
Memoranda
$22Average assets
$112,271Average earning assets
$12,974Average equity
$104,350Average loans
List of branches
1 Texas Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
359285
Live Oak State Bank
3206 Live Oak, Dallas, TX 75204
October 04, 2001
Full Service Brick and Mortar
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