Live Oak Banking Company
Wilmington, NC — Non-member Bank
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Net Income Analysis
( % relative to Total Revenue )
Income Statement | Live Oak Banking Company | All Insured Commercial Banks in North Carolina |
Interest and Fees on Loans | 55,579 | 43,859 |
Income from Lease Financing Receivables | — | 183 |
— | 287 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 148 |
Income on Loans and Leases (TE) | 55,579 | 44,236 |
Investment Interest Income (TE) | 1,132 | 4,769 |
Total Interest Income (TE) | 57,694 | 49,636 |
Total Interest Expense | 13,660 | 4,652 |
Net Interest Income (TE) | 44,034 | 44,984 |
Non-Interest Income | 89,620 | 11,387 |
Adjusted Operating Income (TE) | 133,654 | 56,298 |
Non-interest Expense | 85,646 | 38,609 |
Provision for Loan & Lease Losses | 12,536 | 1,359 |
Pretax Operating Income (TE) | 35,472 | 16,556 |
Pretax Net Operating Income (TE) | 35,473 | 16,646 |
Applicable Income Taxes | 13,754 | 5,112 |
Net Operating Income | 21,719 | 10,887 |
Net Income | 21,719 | 10,887 |
Cash Dividends Declared | — | 5,698 |
Retained Earnings | 21,719 | 5,606 |