Call reports 2017
LIVE OAK BANKING COMPANY — 2017
What LIVE OAK BANKING COMPANY reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 1,858,572,000 | 2,122,692,000 | 2,345,382,000 | 2,666,600,000 |
| Total loans | 1,511,771,000 | 1,707,786,000 | 1,876,388,000 | 2,038,070,000 |
| Allowance for loan losses | 18,195,000 | 19,836,000 | 21,298,000 | 24,442,000 |
| Securities available for sale | 68,630,000 | 72,993,000 | 76,575,000 | 93,355,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,644,765,000 | 1,892,350,000 | 2,080,322,000 | 2,317,102,000 |
| Interest-bearing deposits | 1,601,114,000 | 1,830,754,000 | 1,957,630,000 | 2,202,395,000 |
| Noninterest-bearing deposits | 43,651,000 | 61,596,000 | 122,692,000 | 114,707,000 |
| Equity capital | 170,711,000 | 182,481,000 | 222,438,000 | 307,704,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 20,531,000 | 47,088,000 | 75,507,000 | 104,116,000 |
| Interest expense | 4,542,000 | 10,139,000 | 16,899,000 | 24,228,000 |
| Net interest income | 15,989,000 | 36,949,000 | 58,608,000 | 79,888,000 |
| Noninterest income | 23,332,000 | 45,624,000 | 67,753,000 | 162,725,000 |
| Noninterest expense | 26,819,000 | 54,101,000 | 83,552,000 | 112,877,000 |
| Provision for loan losses | 1,499,000 | 3,331,000 | 5,752,000 | 9,788,000 |
| Pretax income | 11,003,000 | 25,141,000 | 37,057,000 | 119,948,000 |
| Income tax | 4,328,000 | 6,875,000 | 8,732,000 | 5,944,000 |
| Net income | 6,675,000 | 18,266,000 | 28,325,000 | 114,004,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 142,717,000 | 155,053,000 | 198,353,000 | 277,943,000 |
| Total capital | 160,613,000 | 174,889,000 | 219,651,000 | 302,385,000 |
| Risk-weighted assets | 1,425,960,000 | 1,625,339,000 | 1,761,930,000 | 2,156,884,000 |