Live Oak Banking Company
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Data as of · sourced from FFIEC call reports. How we update
Live Oak Banking Company is an FDIC-insured commercial bank headquartered in Wilmington, NC, established in 2008 (FDIC certificate 58665), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $15.96B, up 16.1% from Q2 2025, the 4th largest of 38 banks headquartered in North Carolina. Its CET1 capital ratio was 10.46% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 58665
- Headquarters
- Wilmington, NC
- Established
- 2008
- Total assets, Q2 2026
- $15.96B
- Assets vs Q2 2025
- +16.1%
- CET1 ratio, Q2 2026
- 10.46%
- Domestic offices
- 1 FDIC institution directory, current count
- Routing number
- 053112822
- Latest call report
- Q2 2026, FFIEC 041 · Live Oak Banking Company call report
- Holding company
- LIVE OAK BANCSHARES, INC.
- Asset rank in state
- 4th of 38 in North Carolina
Problem loans are rising at Live Oak Banking Company. Its balance sheet stood at $16.0 billion at June 30, 2026, up 16.1% from a year earlier; it is based in Wilmington, North Carolina. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 0.98% of loans from 0.58% a year earlier. It pays an average of 3.25% on its deposits and borrowings, higher than about 9 in 10 of the 127 banks with $10 billion to $100 billion in assets (median 1.92%). It also holds common equity equal to 10.46% of its risk-weighted assets, lower than about 9 in 10 banks its size (median 12.98%).
Earnings jumped: net income for the quarter was $40 million, 55% above the same quarter a year earlier. Its $4.8 billion commercial and industrial book is improving, with 5.58% past due or on nonaccrual, down from 6.97% a year earlier. Credit is the area to watch: it carries problem assets equal to 10.2% of the capital and reserves that would absorb them, 2.4 times the median of 4.2% for banks its size.
As of June 30, 2026, Live Oak Banking Company reported a CET1 capital ratio of 10.46%, a return on assets of 1.04%, a nonperforming-loan ratio of 4.01% and a Texas ratio of 10.17%. The figures come from its call report filed with the FFIEC.
Of the 38 banks headquartered in North Carolina, Live Oak Banking Company is the 4th largest by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets rose 4.8% to $15.96B, loans rose 4.4% and deposits rose 5.1%. The largest part of its loan book on June 30, 2026 was commercial and industrial loans, at 36.3% of total loans, ahead of owner-occupied commercial real estate loans at 23.1%. Its one office in the FDIC Summary of Deposits is in Wilmington, NC. Judged on its Q2 2026 call report, Live Oak Banking Company meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 1757 Tiburon Dr, Wilmington, NC 28403
- County
- New Hanover
- Metro Area
- Wilmington, NC
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Atlanta (Region 5)
- Federal Reserve member
- No
- Federal Reserve district
- District 5, Richmond
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 041
- Established
- May 12, 2008
- Domestic offices
- 1 FDIC institution directory, current count
- Employees (FTE)
- 1,038
- Domestic deposits
- $14.68B
- Allowance for credit losses
- $193.4M
- Net charge-offs (YTD)
- $42.7M
- Average total assets
- $15.43B
- Average total loans
- $12.87B
- Average interest-bearing deposits
- $13.43B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- No
- FDIC-insured since
- May 12, 2008
- FDIC Cert
- 58665
- Fed RSSD
- 3650808
- SEC CIK
- 1462120 → filed by LIVE OAK BANCSHARES, INC.
- Website
- www.liveoak.bank →
- Parent Holding Company
- LIVE OAK BANCSHARES, INC. (RSSD 3884863) · LOB
Management
Senior officers at parent holding company, from SEC Form 3/4/5 disclosures
| Name | Role | Title |
|---|---|---|
| James S Mahan Iii | CEO | Chief Executive Officer |
| William C Losch Iii | PRES | President |
| Walter J Phifer | CFO | Chief Financial Officer |
| Michael Cairns | CCO | Chief Credit Officer |
| Gregory W Seward | GC | General Counsel |
| Stasiowska Ewa Maria | CRO | Chief Risk Officer |
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Live Oak Banking Company's total assets moved between a low of $10.87B (Q3 2023) and a high of $15.96B (Q2 2026) from Q3 2023 to Q2 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$15.96B total assets against $13.74B; $14.75B total liabilities against $12.70B.
$12.95B net loans and leases against $11.18B; $14.68B total deposits against $12.64B.
$1.47B securities against $1.33B; $926.7M cash and balances due against $655.0M.
$241.5M total interest income against $224.1M; $114.8M total interest expense against $113.4M.
$126.8M net interest income against $110.7M.
$29.9M total noninterest income against $29.8M; $80.3M total noninterest expense against $82.9M.
$25.8M provision for credit losses against $23.3M.
$40.3M net income against $26.0M.
1.04% return on assets against 0.76%; 3.36% net interest margin against 3.32%.
10.46% CET1 capital ratio against 10.65%; 7.99% tier 1 leverage ratio against 7.79%.
Inside the full Live Oak Banking Company terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Nonperforming loans (nonaccrual loans plus loans 90 or more days past due) exceed 3% of total loans. BankRegReports band at 3% of total loans.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
Live Oak Banking Company rankings
Its closest position to the top of a national ranking is 120 of 4,196, for total assets; its furthest is 2,047 of 2,134, for CET1 ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.40% (Q1 2025) to 1.24% (Q4 2025) and its net interest margin ran from 3.20% (Q1 2025) to 3.45% (Q4 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.46% | 1.04% | 4.01% | 10.17% | 3.36% |
| Q1 2026 | 10.61% | 0.89% | 4.00% | 10.05% | 3.28% |
| Q4 2025 | 10.46% | 1.24% | 4.53% | 8.88% | 3.45% |
| Q3 2025 | 10.48% | 0.84% | 4.33% | 7.49% | 3.40% |
| Q2 2025 | 10.65% | 0.76% | 4.08% | 6.12% | 3.32% |
| Q1 2025 | 10.64% | 0.40% | 4.43% | 9.52% | 3.20% |
| Q4 2024 | 10.96% | 0.41% | 3.48% | 8.26% | 3.22% |
| Q3 2024 | 11.17% | 0.50% | 2.69% | 5.83% | 3.41% |
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Branch Network
View the branch → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Live Oak Banking Company (main office) | Wilmington , NC | 28403 | $14.68B |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 2.1% of deposits in NC, rank 5 of 82 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 2,155 loans, $2.71B approved, $1.3M average. 0.09% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Mortgage lending (HMDA), Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Live Oak Banking Company
What are Live Oak Banking Company's total assets?
As of the Q2 2026 filing, Live Oak Banking Company reported total assets of $15.96 billion in its FFIEC call report.
Where is Live Oak Banking Company headquartered?
It is headquartered in Wilmington, NC, United States.
When was Live Oak Banking Company founded?
It was established in 2008, per the FDIC institution directory.
Is Live Oak Banking Company FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #58665). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Live Oak Banking Company?
Live Oak Banking Company's primary federal regulator is the FDIC.
What is Live Oak Banking Company's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 10.46% in its Q2 2026 call report, above regulatory requirements.
How many branches does Live Oak Banking Company operate?
It operates 1 domestic office, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Live Oak Banking Company's Texas Ratio?
Its Texas Ratio is 10.17% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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