shares of Live Oak Bancshares Inc (LOB) on
Live Oak Bancshares, Inc. operates as a bank holding company for Live Oak Banking Company, which operates an established national online platform for small business lending. The company is headquartered in Wilmington, North Carolina and currently employs 569 full-time employees. The firm 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). The firm’s loan portfolio includes commercial and industrial loans; construction and development loans; commercial real estate, and commercial land. The firm’s investment securities include the United States Government agencies, residential mortgage-backed securities and mutual fund. The firm’s deposits include non-interest-bearing deposits and interest-bearing deposits, such as interest-bearing checking, money market and time deposits.