Call reports 2020
LIVE OAK BANKING COMPANY — 2020
What LIVE OAK BANKING COMPANY reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 5,199,714,000 | 8,187,436,000 | 8,059,787,000 | 7,833,510,000 |
| Total loans | 3,813,541,000 | 5,626,650,000 | 6,227,399,000 | 6,320,553,000 |
| Allowance for loan losses | 35,906,000 | 44,083,000 | 44,210,000 | 52,306,000 |
| Securities available for sale | 574,168,000 | 779,794,000 | 765,777,000 | 750,097,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 4,653,249,000 | 5,882,050,000 | 5,714,629,000 | 5,725,844,000 |
| Interest-bearing deposits | 4,588,126,000 | 5,819,354,000 | 5,647,273,000 | 5,637,542,000 |
| Noninterest-bearing deposits | 65,123,000 | 62,696,000 | 67,356,000 | 88,302,000 |
| Equity capital | 484,401,000 | 503,626,000 | 529,126,000 | 516,351,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 63,425,000 | 130,156,000 | 205,203,000 | 287,176,000 |
| Interest expense | 23,254,000 | 48,944,000 | 72,623,000 | 93,313,000 |
| Net interest income | 40,171,000 | 81,212,000 | 132,580,000 | 193,863,000 |
| Noninterest income | 4,713,000 | 25,762,000 | 54,386,000 | 63,977,000 |
| Noninterest expense | 46,600,000 | 91,955,000 | 131,948,000 | 180,237,000 |
| Provision for loan losses | 11,792,000 | 21,750,000 | 32,024,000 | 40,658,000 |
| Pretax income | -13,675,000 | -6,020,000 | 24,946,000 | 38,893,000 |
| Income tax | -4,170,000 | -2,164,000 | 5,778,000 | -7,172,000 |
| Net income | -9,505,000 | -3,856,000 | 19,168,000 | 46,065,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 445,499,000 | 453,474,000 | 477,182,000 | 470,069,000 |
| Total capital | 482,081,000 | 498,175,000 | 521,866,000 | 522,305,000 |
| Risk-weighted assets | 3,516,771,000 | 3,827,622,000 | 3,957,494,000 | 4,178,043,000 |