v3.25.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 744,263 $ 608,800
Certificates of deposit with other banks 250 250
Investment securities available-for-sale 1,312,680 1,248,203
Loans held for sale 367,955 346,002
Loans and leases held for investment (includes $316,807 and $328,746 measured at fair value, respectively) 10,693,911 10,233,374
Allowance for credit losses on loans and leases (190,184) (167,516)
Net loans and leases 10,503,727 10,065,858
Premises and equipment, net 259,113 264,059
Foreclosed assets 2,108 1,944
Servicing assets (includes $56,684 and $55,788 measured at fair value, respectively) 56,911 56,144
Other assets 348,697 352,120
Total assets 13,595,704 12,943,380
Deposits:    
Noninterest-bearing 386,108 318,890
Interest-bearing 12,009,837 11,441,604
Total deposits 12,395,945 11,760,494
Borrowings 110,247 112,820
Other liabilities 58,065 66,570
Total liabilities 12,564,257 11,939,884
Shareholders’ equity    
Preferred stock, no par value, 1,000,000 shares authorized, none issued or outstanding at March 31, 2025 and December 31, 2024 0 0
Retained earnings 724,215 715,767
Accumulated other comprehensive loss (67,698) (82,344)
Total shareholders' equity attributed to Live Oak Bancshares, Inc. 1,027,030 999,030
Non-controlling interest 4,417 4,466
Total shareholders’ equity 1,031,447 1,003,496
Total liabilities and shareholders’ equity 13,595,704 12,943,380
Class A Common Stock    
Shareholders’ equity    
Common stock 370,513 365,607
Class B Common Stock    
Shareholders’ equity    
Common stock $ 0 $ 0