Call reports 2023
LIVE OAK BANKING COMPANY — 2023
What LIVE OAK BANKING COMPANY reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 10,249,719,000 | 10,718,020,000 | 10,866,049,000 | 11,206,067,000 |
| Total loans | 8,220,279,000 | 8,360,173,000 | 8,775,234,000 | 9,020,885,000 |
| Allowance for loan losses | 108,242,000 | 120,116,000 | 121,273,000 | 125,840,000 |
| Securities available for sale | 1,149,211,000 | 1,132,668,000 | 1,099,878,000 | 1,126,160,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 9,515,446,000 | 9,959,028,000 | 10,086,296,000 | 10,369,730,000 |
| Interest-bearing deposits | 9,245,555,000 | 9,649,278,000 | 9,764,106,000 | 10,015,749,000 |
| Noninterest-bearing deposits | 269,891,000 | 309,750,000 | 322,190,000 | 353,981,000 |
| Equity capital | 665,416,000 | 691,238,000 | 710,435,000 | 765,711,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 151,219,000 | 320,741,000 | 501,087,000 | 687,383,000 |
| Interest expense | 69,077,000 | 154,181,000 | 245,095,000 | 341,788,000 |
| Net interest income | 82,142,000 | 166,560,000 | 255,992,000 | 345,595,000 |
| Noninterest income | 15,202,000 | 34,959,000 | 69,428,000 | 95,449,000 |
| Noninterest expense | 74,082,000 | 145,994,000 | 215,500,000 | 302,585,000 |
| Provision for loan losses | 19,021,000 | 32,049,000 | 42,328,000 | 51,323,000 |
| Pretax income | 4,257,000 | 23,472,000 | 67,583,000 | 87,125,000 |
| Income tax | 3,297,000 | 4,702,000 | 7,785,000 | 9,106,000 |
| Net income | 960,000 | 18,770,000 | 59,798,000 | 78,019,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 732,399,000 | 770,449,000 | 802,562,000 | 823,478,000 |
| Total capital | 824,208,000 | 865,832,000 | 900,739,000 | 922,876,000 |
| Risk-weighted assets | 7,324,002,000 | 7,601,134,000 | 7,826,498,000 | 7,920,570,000 |
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