Live Oak Bancshares, Inc., incorporated on December 18, 2008, is a bank holding company. The Company conducts business operations primarily through its commercial bank subsidiary, Live Oak Banking Company (the Bank). The Bank specializes in providing lending services to small businesses nationwide in targeted industries. The loans originated by the Bank are guaranteed by the small business administration (SBA).
Lending Activities
The Company's loan portfolio includes commercial and industrial loans; construction and development loans; commercial real estate, and commercial land. The Company offers lending services to agriculture, death care management, healthcare, independent pharmacies, registered investment advisors, veterinary industry and other industries. It offers construction and development loans for the purpose of acquisition and development of land to be managed through the construction of commercial buildings. The commercial land loans are extensions of credit secured by farmland. As of December 31, 2016, the Company's net loans amounted to $907 million.
Investment Activities
The Company's investment securities include the United States Government agencies, residential mortgage-backed securities and mutual fund. All residential mortgage-backed securities in the Company's portfolio are backed by the United States Government sponsored enterprises (GSEs). As of December 31, 2016, the Company's total securities amounted to $71 million.
Sources of Funds
The Company's deposits include non-interest-bearing deposits and interest-bearing deposits, such as interest-bearing checking, money market and time deposits. As of December 31, 2016, the Company's total deposits amounted to $1.4 billion.
1741 Tiburon Dr
The company trades on NASDAQ exchange. The company headquarter is located in North Carolina, NC. The company was established in the 2008.| Ticker | LOB |
| Long Name | Live Oak Bancshares, Inc. |
| Short Name | Live Oak Bancshares |