Call reports 2019
LIVE OAK BANKING COMPANY — 2019
What LIVE OAK BANKING COMPANY reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 4,039,666,000 | 4,255,666,000 | 4,578,750,000 | 4,791,421,000 |
| Total loans | 2,774,605,000 | 3,083,309,000 | 3,345,048,000 | 3,613,745,000 |
| Allowance for loan losses | 35,111,000 | 38,048,000 | 42,944,000 | 48,247,000 |
| Securities available for sale | 569,738,000 | 576,275,000 | 570,795,000 | 540,045,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 3,540,626,000 | 3,738,537,000 | 4,030,091,000 | 4,237,524,000 |
| Interest-bearing deposits | 3,474,562,000 | 3,666,181,000 | 3,962,893,000 | 4,175,015,000 |
| Noninterest-bearing deposits | 66,064,000 | 72,356,000 | 67,198,000 | 62,509,000 |
| Equity capital | 446,254,000 | 468,340,000 | 478,131,000 | 484,679,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 51,651,000 | 109,637,000 | 175,137,000 | 239,918,000 |
| Interest expense | 19,317,000 | 40,520,000 | 64,095,000 | 87,896,000 |
| Net interest income | 32,334,000 | 69,117,000 | 111,042,000 | 152,022,000 |
| Noninterest income | 10,770,000 | 22,911,000 | 33,593,000 | 50,765,000 |
| Noninterest expense | 31,712,000 | 71,046,000 | 109,934,000 | 151,778,000 |
| Provision for loan losses | 2,597,000 | 6,059,000 | 13,220,000 | 19,428,000 |
| Pretax income | 8,822,000 | 14,964,000 | 21,617,000 | 32,232,000 |
| Income tax | 1,680,000 | 2,834,000 | 4,893,000 | 6,803,000 |
| Net income | 7,142,000 | 12,130,000 | 16,724,000 | 25,429,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 419,153,000 | 430,767,000 | 439,813,000 | 451,807,000 |
| Total capital | 454,264,000 | 468,089,000 | 479,525,000 | 493,382,000 |
| Risk-weighted assets | 2,814,974,000 | 2,985,089,000 | 3,173,775,000 | 3,319,343,000 |