Call reports 2015
LIVE OAK BANKING COMPANY — 2015
What LIVE OAK BANKING COMPANY reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Total assets | 678,531,000 | 844,760,000 | 946,485,000 | 1,008,570,000 |
| Total loans | 525,523,000 | 594,093,000 | 703,372,000 | 760,588,000 |
| Allowance for loan losses | 5,233,000 | 5,183,000 | 6,152,000 | 7,415,000 |
| Securities available for sale | 50,777,000 | 50,719,000 | 51,628,000 | 53,762,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 581,727,000 | 748,416,000 | 826,818,000 | 872,427,000 |
| Interest-bearing deposits | 551,577,000 | 711,589,000 | 742,208,000 | 783,287,000 |
| Noninterest-bearing deposits | 30,150,000 | 36,827,000 | 84,610,000 | 89,140,000 |
| Equity capital | 75,982,000 | 79,595,000 | 100,733,000 | 107,822,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Interest income | 7,266,000 | 14,650,000 | 23,970,000 | 34,273,000 |
| Interest expense | 1,477,000 | 3,278,000 | 5,275,000 | 7,381,000 |
| Net interest income | 5,789,000 | 11,372,000 | 18,695,000 | 26,892,000 |
| Noninterest income | 20,114,000 | 38,669,000 | 56,613,000 | 79,317,000 |
| Noninterest expense | 14,049,000 | 30,397,000 | 47,755,000 | 65,747,000 |
| Provision for loan losses | 1,077,000 | 1,127,000 | 2,339,000 | 3,806,000 |
| Pretax income | 10,777,000 | 18,517,000 | 25,226,000 | 36,669,000 |
| Income tax | 4,206,000 | 7,266,000 | 9,922,000 | 14,027,000 |
| Net income | 6,571,000 | 11,251,000 | 15,304,000 | 22,642,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Tier 1 capital | 63,129,000 | 70,114,000 | 90,010,000 | 96,056,000 |
| Total capital | 68,363,000 | 75,297,000 | 96,162,000 | 103,471,000 |
| Risk-weighted assets | 510,575,000 | 609,377,000 | 694,906,000 | 782,384,000 |