Call reports 2018
LIVE OAK BANKING COMPANY — 2018
What LIVE OAK BANKING COMPANY reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 3,401,992,000 | 3,416,996,000 | 3,396,496,000 | 3,615,593,000 |
| Total loans | 2,175,960,000 | 2,304,972,000 | 2,290,028,000 | 2,542,776,000 |
| Allowance for loan losses | 28,298,000 | 29,462,000 | 26,969,000 | 32,579,000 |
| Securities available for sale | 378,488,000 | 384,942,000 | 374,283,000 | 380,490,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 3,000,565,000 | 2,995,140,000 | 2,948,725,000 | 3,165,657,000 |
| Interest-bearing deposits | 2,924,586,000 | 2,923,044,000 | 2,875,666,000 | 3,095,590,000 |
| Noninterest-bearing deposits | 75,979,000 | 72,096,000 | 73,059,000 | 70,067,000 |
| Equity capital | 357,538,000 | 374,361,000 | 391,652,000 | 411,557,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 34,139,000 | 76,167,000 | 117,621,000 | 165,220,000 |
| Interest expense | 10,418,000 | 24,346,000 | 38,512,000 | 54,472,000 |
| Net interest income | 23,721,000 | 51,821,000 | 79,109,000 | 110,748,000 |
| Noninterest income | 29,774,000 | 58,014,000 | 81,673,000 | 95,927,000 |
| Noninterest expense | 31,768,000 | 66,043,000 | 99,762,000 | 127,870,000 |
| Provision for loan losses | 4,387,000 | 6,339,000 | 6,155,000 | 12,951,000 |
| Pretax income | 17,340,000 | 37,453,000 | 54,897,000 | 65,918,000 |
| Income tax | 1,849,000 | 3,647,000 | 2,207,000 | -1,745,000 |
| Net income | 15,491,000 | 33,806,000 | 52,690,000 | 67,663,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 330,332,000 | 348,198,000 | 369,307,000 | 385,030,000 |
| Total capital | 358,630,000 | 377,659,000 | 396,275,000 | 417,609,000 |
| Risk-weighted assets | 2,422,760,000 | 2,438,859,000 | 2,509,248,000 | 2,682,352,000 |