Call reports 2021
LIVE OAK BANKING COMPANY — 2021
What LIVE OAK BANKING COMPANY reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 8,336,882,000 | 8,145,681,000 | 8,060,511,000 | 8,135,391,000 |
| Total loans | 6,533,495,000 | 6,506,333,000 | 6,461,366,000 | 6,637,781,000 |
| Allowance for loan losses | 52,417,000 | 57,847,000 | 59,681,000 | 63,584,000 |
| Securities available for sale | 775,177,000 | 817,396,000 | 858,876,000 | 903,552,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 6,329,953,000 | 6,545,750,000 | 6,821,242,000 | 7,122,901,000 |
| Interest-bearing deposits | 6,240,211,000 | 6,431,065,000 | 6,739,587,000 | 7,022,765,000 |
| Noninterest-bearing deposits | 89,742,000 | 114,685,000 | 81,655,000 | 100,136,000 |
| Equity capital | 539,225,000 | 575,580,000 | 637,716,000 | 666,418,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 88,082,000 | 176,024,000 | 268,788,000 | 360,893,000 |
| Interest expense | 18,164,000 | 34,298,000 | 48,968,000 | 63,118,000 |
| Net interest income | 69,918,000 | 141,726,000 | 219,820,000 | 297,775,000 |
| Noninterest income | 29,629,000 | 55,597,000 | 84,480,000 | 115,844,000 |
| Noninterest expense | 55,601,000 | 106,554,000 | 163,377,000 | 220,300,000 |
| Provision for loan losses | -873,000 | 6,974,000 | 11,293,000 | 15,210,000 |
| Pretax income | 44,782,000 | 83,765,000 | 129,612,000 | 178,079,000 |
| Income tax | 4,650,000 | 9,780,000 | 19,143,000 | 35,539,000 |
| Net income | 40,132,000 | 73,985,000 | 110,469,000 | 142,540,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 503,392,000 | 536,224,000 | 605,634,000 | 640,652,000 |
| Total capital | 556,227,000 | 594,736,000 | 665,927,000 | 704,976,000 |
| Risk-weighted assets | 4,419,229,000 | 4,721,146,000 | 4,994,034,000 | 5,315,570,000 |
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