Live Oak Bancshares, Inc(NYSE:LOB)

Live Oak Bancshares, Inc. operates as the bank holding company for Live Oak Banking Company that provides various commercial banking products and services to individuals, small businesses, and professionals in North Carolina, the United States. The company accepts various deposit products, including...
Website: http://www.liveoakbank.com
Founded: 2008
Full Time Employees: 628
CEO: James S. Mahan
Sector: Financial Services
Industry: Banks-Regional
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Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
interest income | ||||||||||||||||||||||||||||||||||||||||||||
loans and fees on loans | 214,129,000 | 218,852,000 | 211,599,000 | 204,513,000 | 195,616,000 | 194,821,000 | 192,170,000 | 181,840,000 | 176,010,000 | 169,531,000 | 162,722,000 | 152,362,000 | 139,052,000 | 127,310,000 | 107,880,000 | 94,157,000 | 89,198,000 | 88,577,000 | 89,388,000 | 84,780,000 | 84,993,000 | 79,166,000 | 70,621,000 | 62,022,000 | 58,961,000 | 57,017,000 | 55,939,000 | 49,914,000 | 44,966,000 | 40,628,000 | 37,724,000 | 36,267,000 | 32,691,000 | 29,343,000 | 26,977,000 | 23,559,000 | 19,754,000 | 16,239,000 | 14,961,000 | 12,902,000 | 11,005,000 | 10,529,000 | 8,704,000 | 7,391,000 |
investment securities, taxable | 13,009,000 | 12,679,000 | 12,175,000 | 11,648,000 | 11,089,000 | 10,490,000 | 9,750,000 | 9,219,000 | 8,954,000 | 8,746,000 | 8,701,000 | 8,503,000 | 7,547,000 | 6,716,000 | 5,506,000 | 4,046,000 | 3,399,000 | 3,455,000 | 3,174,000 | 2,975,000 | 2,929,000 | 3,345,000 | 4,123,000 | 3,786,000 | 3,762,000 | 3,911,000 | 4,001,000 | 4,116,000 | 3,317,000 | 2,558,000 | 2,528,000 | 2,530,000 | 1,117,000 | 468,000 | 325,000 | 316,000 | 323,000 | 292,000 | 337,000 | 252,000 | 251,000 | 224,000 | 211,000 | 200,000 |
other interest earning assets | 6,726,000 | 8,124,000 | 7,654,000 | 8,123,000 | 6,400,000 | 7,257,000 | 7,016,000 | 7,389,000 | 7,456,000 | 8,259,000 | 9,188,000 | 8,847,000 | 4,817,000 | 2,584,000 | 2,448,000 | 1,044,000 | 185,000 | 171,000 | 224,000 | 244,000 | 303,000 | 529,000 | 334,000 | 1,009,000 | 750,000 | 885,000 | 1,167,000 | 1,108,000 | 1,639,000 | 1,568,000 | 1,638,000 | 2,179,000 | 1,215,000 | 725,000 | 870,000 | 470,000 | 342,000 | 383,000 | 264,000 | 248,000 | 138,000 | 80,000 | 84,000 | 70,000 |
total interest income | 233,864,000 | 239,655,000 | 231,428,000 | 224,284,000 | 213,105,000 | 212,568,000 | 208,936,000 | 198,448,000 | 192,420,000 | 186,536,000 | 180,611,000 | 169,712,000 | 151,416,000 | 136,610,000 | 115,834,000 | 99,247,000 | 92,782,000 | 92,203,000 | 92,786,000 | 87,999,000 | 88,225,000 | 83,040,000 | 75,078,000 | 66,817,000 | 63,473,000 | 61,813,000 | 61,107,000 | 55,138,000 | 49,922,000 | 44,754,000 | 41,890,000 | 40,976,000 | 35,023,000 | 30,536,000 | 28,172,000 | 24,345,000 | 20,419,000 | 16,914,000 | 15,562,000 | 13,402,000 | 11,394,000 | 10,833,000 | 8,999,000 | 7,661,000 |
interest expense | ||||||||||||||||||||||||||||||||||||||||||||
deposits | 112,847,000 | 114,879,000 | 114,266,000 | 113,380,000 | 110,888,000 | 113,357,000 | 110,174,000 | 105,358,000 | 101,998,000 | 96,695,000 | 90,914,000 | 85,003,000 | 67,595,000 | 50,357,000 | 31,553,000 | 18,777,000 | 14,348,000 | 13,817,000 | 14,159,000 | 14,820,000 | 16,944,000 | 19,195,000 | 22,155,000 | 25,121,000 | 23,255,000 | 23,801,000 | 23,576,000 | 21,203,000 | 19,317,000 | 15,959,000 | 14,165,000 | 13,927,000 | 10,418,000 | 7,330,000 | 6,758,000 | 5,592,000 | 4,543,000 | 4,283,000 | 3,689,000 | 3,243,000 | 2,444,000 | 2,105,000 | 1,997,000 | 1,801,000 |
borrowings | 1,617,000 | 1,656,000 | 1,677,000 | 1,683,000 | 1,685,000 | 1,737,000 | 1,762,000 | 1,770,000 | 311,000 | 265,000 | 287,000 | 407,000 | 1,804,000 | 351,000 | 395,000 | 536,000 | 655,000 | 748,000 | 892,000 | 1,717,000 | 1,331,000 | 1,544,000 | 1,560,000 | 798,000 | 57,000 | 1,000 | 1,000 | 129,000 | 230,000 | 389,000 | 361,000 | 235,000 | 239,000 | 242,000 | 242,000 | 241,000 | 203,000 | 395,000 | 444,000 | |||||
total interest expense | 114,464,000 | 116,535,000 | 115,943,000 | 115,063,000 | 112,573,000 | 115,094,000 | 111,936,000 | 107,128,000 | 102,309,000 | 96,960,000 | 91,201,000 | 85,410,000 | 69,399,000 | 50,708,000 | 31,948,000 | 19,313,000 | 15,003,000 | 14,565,000 | 15,051,000 | 16,537,000 | 18,275,000 | 20,739,000 | 23,715,000 | 25,919,000 | 23,312,000 | 23,802,000 | 23,576,000 | 21,203,000 | 19,317,000 | 15,959,000 | 14,166,000 | 13,928,000 | 10,547,000 | 7,560,000 | 7,147,000 | 5,953,000 | 4,778,000 | 4,522,000 | 3,931,000 | 3,485,000 | 2,685,000 | 2,308,000 | 2,392,000 | 2,245,000 |
net interest income | 119,400,000 | 123,120,000 | 115,485,000 | 109,221,000 | 100,532,000 | 97,474,000 | 97,000,000 | 91,320,000 | 90,111,000 | 89,576,000 | 89,410,000 | 84,302,000 | 82,017,000 | 85,902,000 | 83,886,000 | 79,934,000 | 77,779,000 | 77,638,000 | 77,735,000 | 71,462,000 | 69,950,000 | 62,301,000 | 51,363,000 | 40,898,000 | 40,161,000 | 38,011,000 | 37,531,000 | 33,935,000 | 30,605,000 | 28,795,000 | 27,724,000 | 27,048,000 | 24,476,000 | 22,976,000 | 21,025,000 | 18,392,000 | 15,641,000 | 12,392,000 | 11,631,000 | 9,917,000 | 8,709,000 | 8,525,000 | 6,607,000 | 5,416,000 |
provision for credit losses | 20,100,000 | 21,845,000 | 22,242,000 | 23,252,000 | 28,964,000 | 33,581,000 | 34,502,000 | 11,765,000 | ||||||||||||||||||||||||||||||||||||
net interest income after provision for credit losses | 99,300,000 | 101,275,000 | 93,243,000 | 85,969,000 | 71,568,000 | 63,893,000 | 62,498,000 | 79,555,000 | ||||||||||||||||||||||||||||||||||||
noninterest income | ||||||||||||||||||||||||||||||||||||||||||||
loan servicing revenue | 9,094,000 | 9,227,000 | 8,812,000 | 8,565,000 | 8,298,000 | 8,524,000 | 8,040,000 | 7,347,000 | 7,624,000 | 7,342,000 | 6,990,000 | 6,687,000 | 6,380,000 | 6,296,000 | 6,230,000 | 6,477,000 | 6,356,000 | 6,289,000 | 6,278,000 | 6,218,000 | 6,434,000 | 6,684,000 | 6,803,000 | 6,691,000 | 6,422,000 | 6,730,000 | 6,831,000 | 7,063,000 | 7,410,000 | 7,752,000 | 7,506,000 | 6,965,000 | 6,898,000 | 6,001,000 | 6,490,000 | 6,174,000 | 5,923,000 | 5,668,000 | 5,860,000 | 5,081,000 | ||||
loan servicing asset revaluation | -3,487,000 | -3,932,000 | -4,360,000 | -3,057,000 | -4,728,000 | -2,326,000 | -4,207,000 | -2,878,000 | -2,744,000 | -3,974,000 | 11,335,000 | -2,831,000 | 356,000 | -5,016,000 | -1,324,000 | -8,668,000 | -1,569,000 | -4,160,000 | -5,878,000 | -3,181,000 | 1,493,000 | -5,756,000 | 2,061,000 | -1,571,000 | -4,692,000 | -1,304,000 | -859,000 | -403,000 | -2,246,000 | -627,000 | -9,380,000 | -3,670,000 | -5,088,000 | -6,307,000 | -3,691,000 | -1,164,000 | -2,009,000 | -3,340,000 | -3,421,000 | -1,604,000 | ||||
net gains on sales of loans | 15,425,000 | 1,263,000 | 20,868,000 | 21,641,000 | 18,648,000 | 18,356,000 | 16,646,000 | 14,395,000 | 11,502,000 | 12,891,000 | 12,675,000 | 10,804,000 | 10,175,000 | 7,362,000 | 9,275,000 | 5,630,000 | 20,977,000 | 20,257,000 | 18,860,000 | 16,234,000 | 11,929,000 | 14,976,000 | 12,690,000 | 10,695,000 | 11,112,000 | 11,364,000 | 7,425,000 | 6,015,000 | 4,198,000 | 5,687,000 | 22,004,000 | 23,061,000 | 24,418,000 | 23,314,000 | 18,148,000 | 18,176,000 | 18,952,000 | 22,513,000 | 21,833,000 | 14,555,000 | 16,425,000 | 20,781,000 | 15,424,000 | 15,719,000 |
net loss on loans accounted for under the fair value option | -1,165,000 | -1,034,000 | -219,000 | |||||||||||||||||||||||||||||||||||||||||
equity method investments income | -817,000 | 23,812,000 | -1,470,000 | -2,716,000 | -2,239,000 | -2,739,000 | -1,393,000 | -1,767,000 | -5,022,000 | 47,000 | -1,034,000 | -2,055,000 | -2,952,000 | -1,818,000 | 29,136,000 | 119,056,000 | -2,124,000 | 2,969,000 | -1,250,000 | -2,278,000 | -1,157,000 | -8,739,000 | -1,231,000 | -2,243,000 | -2,478,000 | -1,769,000 | -2,370,000 | -1,736,000 | ||||||||||||||||
equity security investments gains | 4,691,000 | 18,000 | 1,004,000 | 20,000 | 12,000 | 909,000 | 161,000 | -529,000 | -384,000 | -783,000 | 121,000 | 77,000 | 868,000 | 876,000 | 1,655,000 | -44,000 | 218,000 | 176,000 | 44,253,000 | 105,000 | 107,000 | 14,705,000 | 161,000 | -64,000 | 51,000 | 3,346,000 | ||||||||||||||||||
lease income | 2,135,000 | 2,196,000 | 2,179,000 | 3,103,000 | 2,573,000 | 2,456,000 | 2,424,000 | 2,423,000 | 2,453,000 | 2,439,000 | 2,498,000 | 2,535,000 | 2,535,000 | 2,555,000 | 2,516,000 | 2,510,000 | 2,503,000 | 2,521,000 | 2,527,000 | 2,616,000 | 2,599,000 | 2,615,000 | 2,634,000 | 2,635,000 | 2,624,000 | 2,600,000 | 2,361,000 | 2,369,000 | 2,325,000 | 2,244,000 | 2,194,000 | 1,920,000 | 1,608,000 | |||||||||||
other noninterest income | 4,889,000 | -38,000 | 4,917,000 | 4,904,000 | 4,043,000 | 6,115,000 | 7,142,000 | 11,035,000 | 9,761,000 | 8,607,000 | 3,501,000 | 3,901,000 | 4,065,000 | 5,053,000 | 3,751,000 | 3,772,000 | 4,565,000 | 4,246,000 | 4,104,000 | 3,641,000 | 3,502,000 | 5,908,000 | 2,093,000 | 4,508,000 | 1,501,000 | 3,084,000 | 1,447,000 | 1,007,000 | 556,000 | 2,686,000 | 950,000 | 744,000 | 841,000 | 1,972,000 | 1,783,000 | 798,000 | 1,020,000 | 618,000 | 657,000 | 649,000 | 619,000 | -445,000 | 768,000 | 644,000 |
total noninterest income | 26,074,000 | 38,737,000 | 30,614,000 | 34,526,000 | 25,581,000 | 30,593,000 | 32,932,000 | 34,159,000 | 26,097,000 | 30,107,000 | 37,891,000 | 24,156,000 | 19,579,000 | 19,071,000 | 57,724,000 | 128,529,000 | 32,668,000 | 33,756,000 | 25,276,000 | 70,111,000 | 31,057,000 | 10,803,000 | 47,044,000 | 22,411,000 | 5,742,000 | 21,524,000 | 18,628,000 | 14,701,000 | 13,027,000 | 18,065,000 | 24,331,000 | 30,613,000 | 30,756,000 | 95,441,000 | 25,060,000 | 26,667,000 | 25,753,000 | 26,327,000 | 25,432,000 | 19,348,000 | 22,432,000 | 24,368,000 | 17,770,000 | 18,135,000 |
noninterest expense | ||||||||||||||||||||||||||||||||||||||||||||
salaries and employee benefits | 49,354,000 | 39,473,000 | 52,817,000 | 49,137,000 | 48,008,000 | 45,214,000 | 44,524,000 | 46,255,000 | 47,275,000 | 44,274,000 | 42,947,000 | 43,066,000 | 44,765,000 | 42,560,000 | 43,479,000 | 46,276,000 | 38,507,000 | 32,464,000 | 28,202,000 | 32,900,000 | 31,366,000 | 29,477,000 | 24,203,000 | 30,782,000 | 28,063,000 | 24,072,000 | 22,717,000 | 21,990,000 | 21,855,000 | 14,503,000 | 20,553,000 | 22,146,000 | 20,209,000 | 18,982,000 | 19,037,000 | 17,968,000 | 18,682,000 | 17,121,000 | 17,471,000 | 15,411,000 | 12,993,000 | 12,700,000 | 9,949,000 | 9,319,000 |
travel expense | 1,463,000 | -820,000 | 2,480,000 | 2,576,000 | 2,795,000 | 2,628,000 | 2,344,000 | 2,328,000 | 2,438,000 | 1,544,000 | 2,197,000 | 2,770,000 | 2,411,000 | 1,872,000 | 2,372,000 | 2,358,000 | 1,897,000 | 1,782,000 | 1,819,000 | 1,549,000 | 659,000 | 1,056,000 | 250,000 | 364,000 | 1,781,000 | 2,246,000 | 1,934,000 | 1,541,000 | 1,200,000 | 3,269,000 | 2,003,000 | 2,041,000 | 1,843,000 | 2,089,000 | 2,289,000 | 2,148,000 | 1,598,000 | 1,811,000 | 2,218,000 | 2,330,000 | 1,846,000 | 1,527,000 | 2,180,000 | 2,212,000 |
professional services expense | 2,516,000 | 2,855,000 | 1,999,000 | 2,874,000 | 3,024,000 | 2,797,000 | 3,287,000 | 3,061,000 | 1,878,000 | 3,052,000 | 1,762,000 | 1,996,000 | 927,000 | 2,453,000 | 2,505,000 | 3,988,000 | 2,791,000 | 3,724,000 | 4,251,000 | 3,329,000 | 3,831,000 | 1,691,000 | 1,346,000 | 1,385,000 | 1,937,000 | 983,000 | 2,073,000 | 1,621,000 | 2,182,000 | 1,233,000 | 1,228,000 | 1,119,000 | 1,298,000 | 709,000 | 1,068,000 | 1,424,000 | 1,736,000 | 1,137,000 | 907,000 | 910,000 | 528,000 | 514,000 | 597,000 | 624,000 |
advertising and marketing expense | 3,051,000 | 2,298,000 | 1,839,000 | 4,420,000 | 3,665,000 | 1,979,000 | 2,473,000 | 3,004,000 | 3,692,000 | 2,501,000 | 3,446,000 | 3,009,000 | 3,603,000 | 3,892,000 | 2,621,000 | 2,301,000 | 1,729,000 | 1,844,000 | 1,631,000 | 875,000 | 652,000 | 973,000 | 552,000 | 624,000 | 1,361,000 | 1,630,000 | 1,277,000 | 1,665,000 | 1,364,000 | 1,023,000 | 1,462,000 | 1,868,000 | 1,662,000 | 1,386,000 | 1,516,000 | 1,976,000 | 1,485,000 | 1,109,000 | 1,097,000 | 1,365,000 | 963,000 | 1,156,000 | 1,051,000 | 1,118,000 |
occupancy expense | 2,410,000 | 2,317,000 | 2,339,000 | 2,369,000 | 2,737,000 | 2,558,000 | 2,807,000 | 2,388,000 | 2,247,000 | 2,231,000 | 2,129,000 | 2,205,000 | 1,925,000 | 3,469,000 | 2,519,000 | 2,773,000 | 2,327,000 | 2,045,000 | 2,042,000 | 2,224,000 | 2,112,000 | 2,302,000 | 2,079,000 | 1,955,000 | 2,421,000 | 2,528,000 | 2,131,000 | 1,848,000 | 1,609,000 | 1,738,000 | 1,588,000 | 1,882,000 | 1,857,000 | 2,177,000 | 1,473,000 | 1,350,000 | 1,195,000 | 1,267,000 | 1,058,000 | 1,055,000 | 1,193,000 | 1,588,000 | 699,000 | 731,000 |
technology expense | 9,749,000 | 13,397,000 | 10,234,000 | 10,066,000 | 9,251,000 | 9,406,000 | 9,081,000 | 7,996,000 | 7,723,000 | 8,402,000 | 7,722,000 | 8,005,000 | 7,729,000 | 8,849,000 | 7,770,000 | 5,762,000 | 6,053,000 | |||||||||||||||||||||||||||
equipment expense | 3,693,000 | 3,677,000 | 3,320,000 | 3,685,000 | 3,745,000 | 3,769,000 | 3,472,000 | 3,511,000 | 3,074,000 | 3,480,000 | 3,676,000 | 4,023,000 | 3,818,000 | 3,759,000 | 3,761,000 | 3,784,000 | 3,816,000 | 4,644,000 | 4,567,000 | 4,385,000 | 4,354,000 | 4,002,000 | 4,314,000 | 4,652,000 | 4,635,000 | 4,402,000 | 4,361,000 | 4,239,000 | 3,325,000 | 3,630,000 | 3,649,000 | 3,368,000 | 3,077,000 | 2,474,000 | 2,228,000 | 1,703,000 | 1,074,000 | 550,000 | 611,000 | 534,000 | 551,000 | 781,000 | 584,000 | 350,000 |
other loan origination and maintenance expense | 5,919,000 | 4,917,000 | 4,777,000 | 4,190,000 | 4,585,000 | 4,812,000 | 4,872,000 | 3,659,000 | 3,911,000 | 3,937,000 | 3,498,000 | 3,442,000 | 3,927,000 | 3,657,000 | 3,376,000 | 3,022,000 | 3,113,000 | 3,406,000 | 3,489,000 | 3,307,000 | 3,327,000 | 3,173,000 | 2,669,000 | 2,492,000 | 2,456,000 | 2,390,000 | 3,535,000 | 1,708,000 | 1,639,000 | 1,482,000 | 1,742,000 | 1,414,000 | 1,329,000 | 1,383,000 | 1,601,000 | 981,000 | 1,005,000 | 824,000 | 806,000 | 621,000 | 574,000 | |||
fdic insurance | 4,401,000 | 3,933,000 | 3,643,000 | 3,545,000 | 3,551,000 | 3,053,000 | 1,933,000 | 2,649,000 | 3,200,000 | 4,091,000 | 4,115,000 | 5,061,000 | 3,403,000 | 2,923,000 | 2,697,000 | 2,164,000 | 1,972,000 | 1,931,000 | 1,670,000 | 1,704,000 | 1,765,000 | 2,147,000 | 2,095,000 | 1,721,000 | 1,510,000 | 2,012,000 | 101,000 | 699,000 | 635,000 | 547,000 | 1,105,000 | 1,010,000 | 572,000 | 898,000 | 858,000 | 724,000 | 726,000 | |||||||
other expense | 2,737,000 | 5,927,000 | 3,501,000 | 6,161,000 | 2,656,000 | 3,869,000 | 2,681,000 | 2,635,000 | 3,226,000 | 5,117,000 | 2,770,000 | 2,880,000 | 6,329,000 | 2,672,000 | 4,036,000 | 3,509,000 | 3,185,000 | 1,416,000 | 2,133,000 | 1,781,250 | 1,459,000 | 3,134,000 | 3,117,000 | 2,383,000 | 3,788,000 | |||||||||||||||||||
total noninterest expense | 85,293,000 | 78,103,000 | 87,285,000 | 89,293,000 | 84,017,000 | 81,257,000 | 77,589,000 | 77,656,000 | 77,737,000 | 93,204,000 | 74,262,000 | 76,457,000 | 78,962,000 | 84,585,000 | 83,048,000 | 80,879,000 | 65,714,000 | 59,698,000 | 55,459,000 | 57,558,000 | 58,272,000 | 52,435,000 | 42,650,000 | 48,100,000 | 49,491,000 | 44,410,000 | 42,737,000 | 39,576,000 | 38,201,000 | 32,558,000 | 41,244,000 | 40,830,000 | 38,072,000 | 41,024,000 | 35,856,000 | 33,300,000 | 32,985,000 | 32,384,000 | 27,218,000 | 25,132,000 | 21,711,000 | 22,189,000 | 18,039,000 | 16,800,000 |
income before taxes | 40,081,000 | 61,909,000 | 36,572,000 | 31,202,000 | 13,132,000 | 13,229,000 | 17,841,000 | 36,058,000 | 22,107,000 | 17,484,000 | 42,760,000 | 18,973,000 | 3,613,000 | 717,000 | 44,393,000 | 122,317,000 | 42,897,000 | 47,778,000 | 43,233,000 | 76,169,000 | 43,608,000 | 12,035,000 | 45,483,000 | 5,251,000 | -15,380,000 | 8,917,000 | 6,262,000 | 5,597,000 | 2,689,000 | 7,480,000 | 11,054,000 | 14,744,000 | 12,768,000 | 73,338,000 | 7,803,000 | 10,203,000 | 6,910,000 | 2,491,000 | 6,039,000 | 680,000 | 7,997,000 | 9,237,000 | 5,126,000 | 6,701,000 |
income tax expense | 10,134,000 | 15,787,000 | 10,106,000 | 7,815,000 | 3,464,000 | 3,386,000 | 4,816,000 | 9,095,000 | -5,479,000 | 1,321,000 | 2,967,000 | 1,429,000 | 3,215,000 | -1,075,000 | 1,525,000 | 25,278,000 | 8,388,000 | 6,540,500 | 9,394,000 | 4,181,000 | 1,349,750 | 11,703,000 | 662,000 | 317,000 | 491,000 | 315,000 | 1,608,000 | -5,059,000 | 408,000 | 798,000 | -2,989,000 | 2,561,000 | 557,000 | 3,314,000 | 3,523,000 | 2,228,000 | 2,766,000 | |||||||
net income | 29,947,000 | 46,122,000 | 26,466,000 | 23,387,000 | 9,668,000 | 9,843,000 | 13,025,000 | 26,963,000 | 27,586,000 | 16,163,000 | 39,793,000 | 17,544,000 | 398,000 | 1,792,000 | 42,868,000 | 97,039,000 | 34,509,000 | 30,147,000 | 33,839,000 | 63,582,000 | 39,427,000 | 29,588,000 | 33,780,000 | 3,777,000 | -7,602,000 | 6,832,000 | 3,895,000 | 4,935,000 | 2,372,000 | 10,490,000 | 14,252,000 | 14,253,000 | 12,453,000 | 71,730,000 | 12,862,000 | 9,795,000 | 6,112,000 | 5,480,000 | 3,478,000 | 123,000 | 4,683,000 | 5,714,000 | 2,898,000 | 3,935,000 |
yoy | 209.75% | 368.58% | 103.19% | -13.26% | -64.95% | -39.10% | -67.27% | 53.69% | 6831.16% | 801.95% | -7.17% | -81.92% | -98.85% | -94.06% | 26.68% | 52.62% | -12.47% | 1.89% | 0.17% | 1583.40% | -618.64% | 333.08% | 767.27% | -23.47% | -420.49% | -34.87% | -72.67% | -65.38% | -80.95% | -85.38% | 10.81% | 45.51% | 103.75% | 1208.94% | 269.81% | 7863.41% | 30.51% | -4.10% | 20.01% | -96.87% | ||||
qoq | -35.07% | 74.27% | 13.17% | 141.90% | -1.78% | -24.43% | -51.69% | -2.26% | 70.67% | -59.38% | 126.82% | 4308.04% | -77.79% | -95.82% | -55.82% | 181.20% | 14.47% | -10.91% | -46.78% | 61.27% | 33.25% | -12.41% | 794.36% | -149.68% | -211.27% | 75.40% | -21.07% | 108.05% | -77.39% | -26.40% | -0.01% | 14.45% | -82.64% | 457.69% | 31.31% | 60.26% | 11.53% | 57.56% | 2727.64% | -97.37% | -18.04% | 97.17% | -26.35% | |
net loss attributable to non-controlling interest | 93,000 | 88,000 | 50,000 | 41,000 | 49,000 | |||||||||||||||||||||||||||||||||||||||
net income attributable to live oak bancshares, inc. | 30,040,000 | 46,210,000 | 26,516,000 | 23,428,000 | 9,717,000 | 71,730,000 | 12,862,000 | 9,795,000 | 6,112,000 | 5,480,000 | 3,479,000 | 123,000 | 4,691,000 | 5,715,000 | 2,901,000 | 3,935,000 | ||||||||||||||||||||||||||||
preferred stock dividends | 2,094,000 | 2,094,000 | 954,000 | |||||||||||||||||||||||||||||||||||||||||
net income attributable to common shareholders | 27,946,000 | 44,116,000 | 25,562,000 | |||||||||||||||||||||||||||||||||||||||||
basic earnings per share | 0.61 | 0.96 | 0.56 | 0.51 | 0.21 | 0.22 | 0.28 | 0.6 | 0.62 | 0.37 | 0.89 | 0.4 | 0.01 | 0.04 | 0.97 | 2.22 | 0.79 | 0.69 | 0.78 | 1.48 | 0.92 | 0.72 | 0.83 | 0.09 | -0.19 | 0.17 | 0.1 | 0.12 | 0.06 | 0.26 | 0.36 | 0.36 | 0.31 | 1.94 | 0.34 | 0.28 | 0.18 | 0.16 | 0.1 | 0.14 | 0.16 | 0.09 | 0.14 | |
diluted earnings per share | 0.6 | 0.95 | 0.55 | 0.51 | 0.21 | 0.21 | 0.28 | 0.59 | 0.6 | 0.36 | 0.88 | 0.39 | 0.01 | 0.04 | 0.96 | 2.16 | 0.76 | 0.66 | 0.76 | 1.41 | 0.88 | 0.7 | 0.81 | 0.09 | -0.19 | 0.17 | 0.09 | 0.12 | 0.06 | 0.26 | 0.34 | 0.34 | 0.3 | 1.87 | 0.33 | 0.27 | 0.17 | 0.15 | 0.1 | 0.13 | 0.17 | 0.09 | 0.13 | |
net gain on loans accounted for under the fair value option | 1,518,000 | -350,000 | 1,082,000 | 195,000 | 2,255,000 | 172,000 | -170,000 | -568,000 | 1,728,000 | -4,529,000 | 571,000 | 4,420,000 | -4,461,000 | 516,000 | -66,000 | -1,030,000 | 1,135,000 | 4,218,000 | -4,759,000 | 3,403,000 | -1,089,000 | -10,638,000 | ||||||||||||||||||||||
management fee income | 1,116,000 | 3,271,000 | 3,271,000 | 3,309,000 | 3,277,000 | 3,266,000 | 3,472,000 | 3,200,000 | 2,844,000 | 2,558,000 | 1,488,000 | 1,482,000 | 1,489,000 | 1,473,000 | 1,934,000 | 2,206,000 | 1,296,000 | 1,206,000 | 1,644,000 | |||||||||||||||||||||||||
renewable energy tax credit investment impairment | 129,000 | 336,000 | 1,172,000 | 115,000 | 170,000 | 14,575,000 | 69,000 | 8,446,000 | 7,721,000 | 50,000 | 60,000 | 3,127,000 | 602,000 | |||||||||||||||||||||||||||||||
renewable energy tax credit investment (recovery) impairment | 270,000 | -927,000 | ||||||||||||||||||||||||||||||||||||||||||
provision for loan and lease credit losses | 16,364,000 | 8,995,000 | 10,279,000 | 13,028,000 | 19,021,000 | 19,671,000 | 14,169,000 | 8,006,000 | 10,274,000 | |||||||||||||||||||||||||||||||||||
net interest income after provision for loan and lease credit losses | 73,747,000 | 80,581,000 | 79,131,000 | 71,274,000 | 62,996,000 | 66,231,000 | 69,717,000 | 25,099,500 | 41,089,000 | |||||||||||||||||||||||||||||||||||
contributions and donations | 56,000 | 33,000 | 191,000 | 5,515,000 | ||||||||||||||||||||||||||||||||||||||||
benefit from loan and lease credit losses | 5,267,000 | 3,918,000 | 4,319,000 | 7,846,000 | 9,958,000 | 11,792,000 | ||||||||||||||||||||||||||||||||||||||
net interest income after benefit from loan and lease credit losses | 74,667,000 | 73,720,000 | 73,416,000 | 63,616,000 | 30,940,000 | 28,369,000 | ||||||||||||||||||||||||||||||||||||||
other income | 2,886,000 | 2,672,000 | 2,861,000 | 3,051,000 | 1,361,000 | 2,170,000 | 2,300,000 | 1,536,000 | 1,716,000 | 2,704,000 | 2,962,000 | 1,288,750 | 1,798,000 | 1,502,000 | 1,855,000 | 659,000 | 2,206,000 | 1,724,000 | ||||||||||||||||||||||||||
provision for (recovery of) loan and lease credit losses | 1,836,000 | |||||||||||||||||||||||||||||||||||||||||||
net interest income after provision for (recovery of) loan and lease credit losses | 75,943,000 | |||||||||||||||||||||||||||||||||||||||||||
gain on sale of investment securities available-for-sale | 1,225,000 | 734,000 | -79,000 | 528,000 | 87,000 | 5,000 | 1,000 | 1,000 | 12,000 | |||||||||||||||||||||||||||||||||||
data processing expense | 5,186,000 | 4,867,000 | 4,234,000 | 3,894,000 | 3,414,000 | 3,009,000 | 2,764,000 | 3,157,000 | 1,847,000 | 3,072,000 | 1,947,000 | 2,399,000 | 2,606,000 | 3,661,000 | 2,906,000 | 2,837,000 | 2,913,000 | 1,982,000 | 1,858,000 | 1,696,000 | 1,435,000 | 1,252,000 | 1,404,000 | 1,208,000 | 1,195,000 | 773,000 | 722,000 | |||||||||||||||||
income tax benefit | 12,587,000 | 1,474,000 | 2,085,000 | 2,367,000 | -598,000 | -3,198,000 | ||||||||||||||||||||||||||||||||||||||
(recovery of) provision for loan and lease credit losses | -873,000 | |||||||||||||||||||||||||||||||||||||||||||
net interest income after (recovery of) provision for loan and lease credit losses | 70,823,000 | |||||||||||||||||||||||||||||||||||||||||||
loss on sale of investment securities available-for-sale | ||||||||||||||||||||||||||||||||||||||||||||
construction supervision fee income | 609,750 | 1,365,000 | 684,000 | 390,000 | 240,000 | 360,000 | 386,000 | 779,000 | 323,000 | 578,000 | 597,000 | 779,000 | 699,000 | 362,000 | 286,000 | 429,000 | 868,000 | 502,000 | 667,000 | 630,000 | ||||||||||||||||||||||||
income tax (benefit) expense | -7,778,000 | |||||||||||||||||||||||||||||||||||||||||||
benefit from loan and lease losses | 6,208,000 | 7,160,000 | 3,463,000 | 2,742,000 | 2,087,000 | 4,392,000 | ||||||||||||||||||||||||||||||||||||||
net interest income after benefit from loan and lease losses | 31,803,000 | 30,371,000 | 30,472,000 | 27,863,000 | 24,961,000 | 20,084,000 | ||||||||||||||||||||||||||||||||||||||
title insurance income | 479,000 | 996,000 | 1,300,000 | 1,762,000 | 1,968,000 | 2,397,000 | 1,438,000 | |||||||||||||||||||||||||||||||||||||
title insurance closing services expense | 114,000 | 372,000 | 426,000 | 541,000 | 687,000 | 785,000 | ||||||||||||||||||||||||||||||||||||||
impairment expense on goodwill and other intangibles | 2,680,000 | |||||||||||||||||||||||||||||||||||||||||||
other noninterest expense | 1,993,000 | |||||||||||||||||||||||||||||||||||||||||||
provision for (recovery of) loan and lease losses | 1,559,000 | -243,000 | ||||||||||||||||||||||||||||||||||||||||||
net interest income after provision for loan and lease losses | 18,253,000 | 27,967,000 | 18,921,000 | 18,599,000 | 16,836,000 | 14,142,000 | ||||||||||||||||||||||||||||||||||||||
provision for loan and lease losses | 4,055,000 | 2,426,000 | 1,556,000 | 1,499,000 | ||||||||||||||||||||||||||||||||||||||||
net loss attributable to noncontrolling interest | ||||||||||||||||||||||||||||||||||||||||||||
benefit from loan losses | 2,173,000 | 3,806,000 | 3,453,000 | 1,433,000 | 584,750 | 1,212,000 | 50,000 | |||||||||||||||||||||||||||||||||||||
net interest income after benefit from loan losses | 5,391,250 | 7,825,000 | 6,464,000 | 7,276,000 | 3,681,250 | 5,395,000 | 5,366,000 | |||||||||||||||||||||||||||||||||||||
equity in loss of non-consolidated affiliates | ||||||||||||||||||||||||||||||||||||||||||||
gain on sale of investment in non-consolidated affiliate | ||||||||||||||||||||||||||||||||||||||||||||
net income attributable to noncontrolling interest | 2,250 | 1,000 | 8,000 | 1,000 | 3,000 | |||||||||||||||||||||||||||||||||||||||
loan servicing revenue and revaluation | 4,758,000 | 2,408,000 | 1,566,000 | 1,772,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||||||||||||||||||||||
cash and due from banks | 816,135,000 | 864,904,000 | 892,445,000 | 662,755,000 | 744,263,000 | 608,800,000 | 666,585,000 | 615,449,000 | 597,394,000 | 582,540,000 | 534,774,000 | 808,131,000 | 463,186,000 | 280,239,000 | 335,046,000 | 580,493,000 | 477,778,000 | 187,203,000 | 336,362,000 | 428,907,000 | 630,081,000 | 297,167,000 | 608,826,000 | 1,256,958,000 | 256,824,000 | 126,752,000 | 159,527,000 | 115,292,000 | 221,159,000 | 316,823,000 | 368,565,000 | 392,941,000 | 527,952,000 | 295,271,000 | 260,907,000 | 207,373,000 | 158,887,000 | 238,008,000 | 355,485,000 | 175,506,000 | 226,556,000 | 102,607,000 | 129,881,000 | 131,487,000 |
certificates of deposit with other banks | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 3,750,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,250,000 | 4,250,000 | 4,250,000 | 4,750,000 | 6,000,000 | 6,000,000 | 6,500,000 | 6,500,000 | 7,250,000 | 7,250,000 | 7,250,000 | 7,250,000 | 7,250,000 | 7,250,000 | 7,250,000 | 7,250,000 | 750,000 | 2,250,000 | 2,250,000 | 3,000,000 | 3,250,000 | 5,750,000 | 6,000,000 | 7,250,000 | 7,500,000 | 8,500,000 | 9,000,000 | 10,250,000 | 10,000,000 | 10,000,000 | ||
investment securities available-for-sale | 1,434,538,000 | 1,427,401,000 | 1,373,219,000 | 1,325,206,000 | 1,312,680,000 | 1,248,203,000 | 1,233,466,000 | 1,151,195,000 | 1,120,622,000 | 1,126,160,000 | 1,099,878,000 | 1,133,146,000 | 1,149,691,000 | 1,014,719,000 | 1,005,372,000 | 927,968,000 | 844,577,000 | 906,052,000 | 861,377,000 | 817,896,000 | 775,177,000 | 750,098,000 | 765,777,000 | 779,794,000 | 574,168,000 | 540,045,000 | 570,795,000 | 576,275,000 | 569,739,000 | 380,490,000 | 374,284,000 | 384,943,000 | 378,488,000 | 93,355,000 | 76,575,000 | 72,993,000 | 68,630,000 | 71,056,000 | 70,334,000 | 66,804,000 | 55,674,000 | 53,762,000 | 51,628,000 | 50,719,000 |
loans held for sale | 435,313,000 | 420,055,000 | 360,693,000 | 350,791,000 | 367,955,000 | 346,002,000 | 359,977,000 | 363,632,000 | 310,749,000 | 387,037,000 | 572,604,000 | 523,776,000 | 533,292,000 | 554,610,000 | 537,649,000 | 1,199,734,000 | 1,028,635,000 | 1,116,519,000 | 1,042,756,000 | 1,064,911,000 | 1,076,741,000 | 1,175,470,000 | 1,190,200,000 | 976,594,000 | 996,050,000 | 966,447,000 | 903,095,000 | 857,837,000 | 772,481,000 | 687,393,000 | 646,475,000 | 757,494,000 | 720,511,000 | 680,454,000 | 692,586,000 | 609,138,000 | 512,501,000 | 394,278,000 | 345,277,000 | 329,206,000 | 537,293,000 | 480,619,000 | 443,871,000 | 356,481,000 |
loans and leases held for investment | 12,158,216,000 | 11,973,622,000 | 11,554,818,000 | 11,014,055,000 | 10,693,911,000 | 10,233,374,000 | 9,831,891,000 | 9,172,134,000 | 8,912,561,000 | 8,633,847,000 | 8,202,631,000 | 7,836,398,000 | 7,686,987,000 | 7,344,178,000 | 6,853,382,000 | 5,860,209,000 | 5,738,241,000 | 5,521,262,000 | 5,418,611,000 | 5,441,423,000 | 5,456,754,000 | 5,145,082,000 | 5,037,199,000 | 4,650,056,000 | 2,817,491,000 | 2,647,299,000 | 2,441,953,000 | 2,225,473,000 | 2,002,124,000 | 1,843,419,000 | 1,631,337,000 | 1,534,368,000 | 1,442,077,000 | 1,343,973,000 | 1,169,887,000 | 1,084,503,000 | 999,270,000 | |||||||
allowance for credit losses on loans and leases | -193,279,000 | -192,264,000 | -185,700,000 | -182,231,000 | -190,184,000 | -167,516,000 | -168,737,000 | -137,867,000 | -139,041,000 | -125,840,000 | -121,273,000 | -120,116,000 | -108,242,000 | -96,566,000 | -78,291,000 | -65,863,000 | -63,058,000 | -63,584,000 | -59,681,000 | -57,848,000 | -52,417,000 | -52,306,000 | -44,210,000 | -44,083,000 | -35,906,000 | |||||||||||||||||||
net loans and leases | 11,964,937,000 | 11,781,358,000 | 11,369,118,000 | 10,831,824,000 | 10,503,727,000 | 10,065,858,000 | 9,663,154,000 | 9,034,267,000 | 8,773,520,000 | 8,508,007,000 | 8,081,358,000 | 7,716,282,000 | 7,578,745,000 | 7,247,612,000 | 6,775,091,000 | 5,794,346,000 | 5,675,183,000 | 5,457,678,000 | 5,358,930,000 | 5,383,575,000 | 5,404,337,000 | 5,092,776,000 | 4,992,989,000 | 4,605,973,000 | 2,781,585,000 | 2,599,052,000 | 2,399,009,000 | 2,187,425,000 | 1,967,013,000 | 1,810,985,000 | 1,604,540,000 | 1,505,018,000 | 1,414,027,000 | 1,319,783,000 | 1,148,860,000 | 1,064,943,000 | 981,075,000 | |||||||
premises and equipment | 235,329,000 | 240,203,000 | 241,140,000 | 246,493,000 | 259,113,000 | 264,059,000 | 267,032,000 | 267,864,000 | 258,071,000 | 257,881,000 | 258,041,000 | 269,485,000 | 268,138,000 | 263,290,000 | 260,285,000 | 257,926,000 | 254,865,000 | 240,196,000 | 244,212,000 | 249,069,000 | 253,774,000 | 259,267,000 | 253,737,000 | 269,063,000 | 274,177,000 | 279,099,000 | 280,942,000 | 281,126,000 | 271,810,000 | 262,524,000 | 263,861,000 | 234,817,000 | 216,831,000 | 178,790,000 | 129,233,000 | 125,008,000 | 101,398,000 | 64,661,000 | 60,646,000 | 61,064,000 | 61,839,000 | 62,653,000 | 62,641,000 | 57,310,000 |
foreclosed assets | 12,005,000 | 8,208,000 | 11,024,000 | 6,318,000 | 2,108,000 | 1,944,000 | 8,015,000 | 8,015,000 | 8,561,000 | 6,481,000 | 6,701,000 | 1,178,000 | 191,000 | 198,000 | 620,000 | 883,000 | 1,793,000 | 4,185,000 | 4,155,000 | 3,264,000 | 5,660,000 | 6,744,000 | 5,612,000 | 5,702,000 | 6,044,000 | 1,374,000 | 1,094,000 | 1,429,000 | 1,725,000 | 1,519,000 | 1,281,000 | 2,231,000 | 2,140,000 | 1,706,000 | 1,648,000 | 2,235,000 | 2,971,000 | 3,020,000 | 2,666,000 | 48,000 | 34,000 | |||
servicing assets | 64,677,000 | 63,155,000 | 62,491,000 | 60,359,000 | 56,911,000 | 56,144,000 | 52,553,000 | 51,528,000 | 49,343,000 | 48,591,000 | 47,127,000 | 31,042,000 | 29,357,000 | 26,323,000 | 29,081,000 | 28,661,000 | 36,286,000 | 33,574,000 | 33,968,000 | 36,966,000 | 37,744,000 | 33,918,000 | 37,831,000 | 33,834,000 | 33,532,000 | 35,365,000 | 37,583,000 | 41,687,000 | 44,324,000 | 47,641,000 | 49,261,000 | 52,689,000 | 53,120,000 | 52,298,000 | 53,392,000 | 53,675,000 | 53,584,000 | 51,994,000 | 49,729,000 | 48,454,000 | 47,377,000 | 44,230,000 | 40,590,000 | 39,983,000 |
other assets | 336,849,000 | 329,244,000 | 355,522,000 | 347,212,000 | 348,697,000 | 352,120,000 | 356,314,000 | 376,370,000 | 387,059,000 | 354,476,000 | 346,227,000 | 333,334,000 | 337,888,000 | 328,308,000 | 298,374,000 | 275,634,000 | 268,201,000 | 250,254,000 | 242,181,000 | 244,152,000 | 223,875,000 | 231,799,000 | 204,886,000 | 179,954,000 | 185,524,000 | 156,134,000 | 148,985,000 | 131,216,000 | 136,053,000 | 156,249,000 | 135,592,000 | 141,092,000 | 146,165,000 | 134,242,000 | 65,155,000 | 57,087,000 | 48,344,000 | 37,009,000 | 26,735,000 | 24,591,000 | 22,765,000 | 23,281,000 | 20,708,000 | 20,972,000 |
total assets | 15,300,033,000 | 15,134,778,000 | 14,665,902,000 | 13,831,208,000 | 13,595,704,000 | 12,943,380,000 | 12,607,346,000 | 11,868,570,000 | 11,505,569,000 | 11,271,423,000 | 10,950,460,000 | 10,819,196,000 | 10,364,297,000 | 9,855,498,000 | 9,314,650,000 | 9,120,897,000 | 8,619,966,000 | 8,213,393,000 | 8,137,341,000 | 8,243,186,000 | 8,417,875,000 | 7,872,303,000 | 8,093,381,000 | 8,209,154,000 | 5,276,316,000 | 4,814,970,000 | 4,603,697,000 | 4,274,301,000 | 4,058,047,000 | 3,670,449,000 | 3,444,757,000 | 3,472,969,000 | 3,460,863,000 | 2,758,474,000 | 2,432,189,000 | 2,198,107,000 | 1,932,125,000 | 1,755,261,000 | 1,669,740,000 | 1,395,304,000 | 1,268,541,000 | 1,052,622,000 | 1,012,766,000 | 899,415,000 |
liabilities and shareholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||
liabilities | ||||||||||||||||||||||||||||||||||||||||||||
deposits: | ||||||||||||||||||||||||||||||||||||||||||||
noninterest-bearing | 510,917,000 | 515,051,000 | 494,019,000 | 393,393,000 | 386,108,000 | 318,890,000 | 258,844,000 | 264,013,000 | 226,668,000 | 259,270,000 | 239,536,000 | 229,833,000 | 176,439,000 | 194,100,000 | 170,336,000 | 119,371,000 | 86,342,000 | 89,279,000 | 77,026,000 | 89,768,000 | 75,794,000 | 75,287,000 | 58,771,000 | 53,938,000 | 54,022,000 | 54,107,000 | 56,373,000 | 55,416,000 | 53,843,000 | 53,993,000 | 48,622,000 | 46,192,000 | 48,755,000 | 57,868,000 | 55,260,000 | 40,966,000 | 38,029,000 | 27,990,000 | 28,461,000 | 22,942,000 | 21,125,000 | 21,502,000 | 20,365,000 | 15,749,000 |
interest-bearing | 13,324,141,000 | 13,173,608,000 | 12,796,704,000 | 12,201,397,000 | 12,009,837,000 | 11,441,604,000 | 11,141,703,000 | 10,443,018,000 | 10,156,693,000 | 10,015,749,000 | 9,764,106,000 | 9,649,278,000 | 9,245,555,000 | 8,690,828,000 | 8,234,573,000 | 8,036,373,000 | 7,550,821,000 | 7,022,765,000 | 6,739,587,000 | 6,431,065,000 | 6,240,210,000 | 5,637,541,000 | 5,647,273,000 | 5,819,354,000 | 4,588,126,000 | 4,175,015,000 | 3,962,894,000 | 3,666,181,000 | 3,474,562,000 | 3,095,590,000 | 2,875,666,000 | 2,923,044,000 | 2,924,586,000 | 2,202,395,000 | 1,957,631,000 | 1,830,755,000 | 1,601,114,000 | 1,457,086,000 | 1,374,556,000 | 1,117,855,000 | 994,340,000 | 783,286,000 | 742,263,000 | 711,597,000 |
total deposits | 13,835,058,000 | 13,688,659,000 | 13,290,723,000 | 12,594,790,000 | 12,395,945,000 | 11,760,494,000 | 11,400,547,000 | 10,707,031,000 | 10,383,361,000 | 10,275,019,000 | 10,003,642,000 | 9,879,111,000 | 9,421,994,000 | 8,884,928,000 | 8,404,909,000 | 8,155,744,000 | 7,637,163,000 | 7,112,044,000 | 6,816,613,000 | 6,520,833,000 | 6,316,004,000 | 5,712,828,000 | 5,706,044,000 | 5,873,292,000 | 4,642,148,000 | 4,229,122,000 | 4,019,267,000 | 3,721,597,000 | 3,528,405,000 | 3,149,583,000 | 2,924,288,000 | 2,969,236,000 | 2,973,341,000 | 2,260,263,000 | 2,012,891,000 | 1,871,721,000 | 1,639,143,000 | 1,485,076,000 | 1,403,017,000 | 1,140,797,000 | 1,015,465,000 | 804,788,000 | 762,628,000 | 727,346,000 |
borrowings | 99,746,000 | 102,404,000 | 105,045,000 | 107,659,000 | 110,247,000 | 112,820,000 | 115,371,000 | 117,745,000 | 120,242,000 | 23,354,000 | 25,847,000 | 28,317,000 | 30,767,000 | 83,203,000 | 35,616,000 | 86,209,000 | 196,911,000 | 318,289,000 | 575,021,000 | 1,012,431,000 | 1,465,961,000 | 1,542,093,000 | 1,747,083,000 | 1,721,029,000 | 50,012,000 | 14,000 | ||||||||||||||||||
other liabilities | 83,468,000 | 89,609,000 | 67,585,000 | 61,494,000 | 58,065,000 | 66,570,000 | 83,672,000 | 82,745,000 | 74,248,000 | 70,384,000 | 70,603,000 | 79,280,000 | 88,729,000 | 76,334,000 | 71,957,000 | 87,282,000 | 72,565,000 | 67,927,000 | 56,284,000 | 52,575,000 | 45,550,000 | 49,532,000 | 53,159,000 | 63,319,000 | 47,968,000 | 50,829,000 | 52,860,000 | 30,195,000 | 25,538,000 | 25,849,000 | 41,733,000 | 37,362,000 | 35,197,000 | 34,714,000 | 27,835,000 | 26,582,000 | 26,220,000 | 19,495,000 | 24,497,000 | 18,984,000 | 20,372,000 | 19,971,000 | 13,963,000 | 14,198,000 |
total liabilities | 14,018,272,000 | 13,880,672,000 | 13,463,353,000 | 12,763,943,000 | 12,564,257,000 | 11,939,884,000 | 11,599,590,000 | 10,907,521,000 | 10,577,851,000 | 10,368,757,000 | 10,100,092,000 | 9,986,708,000 | 9,541,490,000 | 9,044,465,000 | 8,512,482,000 | 8,329,235,000 | 7,906,639,000 | 7,498,260,000 | 7,447,918,000 | 7,585,839,000 | 7,827,515,000 | 7,304,453,000 | 7,509,217,000 | 7,660,719,000 | 4,742,544,000 | 4,282,584,000 | 4,075,478,000 | 3,755,315,000 | 3,557,667,000 | 3,176,889,000 | 2,967,527,000 | 3,009,983,000 | 3,012,027,000 | 2,321,541,000 | 2,067,598,000 | 1,960,476,000 | 1,705,936,000 | 1,532,414,000 | 1,455,588,000 | 1,187,954,000 | 1,064,108,000 | 853,134,000 | 818,670,000 | 796,034,000 |
shareholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||
series a preferred stock, no par value, 1,000,000 shares authorized, 100,000 shares, issued and outstanding at march 31, 2026 and december 31, 2025 | 96,266,000 | |||||||||||||||||||||||||||||||||||||||||||
class a common stock | 392,258,000 | 388,389,000 | 383,288,000 | 377,953,000 | 370,513,000 | 365,607,000 | 361,925,000 | 356,381,000 | 349,648,000 | 344,568,000 | 340,929,000 | 341,032,000 | 334,672,000 | 330,854,000 | 325,632,000 | 320,924,000 | 315,607,000 | 310,970,000 | 304,085,000 | 299,809,000 | 298,525,000 | 298,890,000 | 325,753,000 | 319,542,000 | 314,994,000 | 309,526,000 | 296,925,000 | 284,987,000 | 281,994,000 | 278,945,000 | 276,831,000 | 274,043,000 | 271,451,000 | 268,557,000 | 266,336,000 | 150,939,000 | 147,933,000 | 149,966,000 | 145,284,000 | 141,181,000 | 138,199,000 | 137,492,000 | 136,852,000 | 49,122,000 |
retained earnings | 836,444,000 | 809,885,000 | 770,820,000 | 746,450,000 | 724,215,000 | 715,767,000 | 707,026,000 | 695,172,000 | 669,307,000 | 642,817,000 | 627,759,000 | 589,036,000 | 572,530,000 | 572,497,000 | 571,778,000 | 530,021,000 | 434,226,000 | 400,893,000 | 371,869,000 | 339,011,000 | 275,377,000 | 235,724,000 | 207,400,000 | 174,837,000 | 172,276,000 | 180,265,000 | 174,641,000 | 171,954,000 | 168,225,000 | 167,124,000 | 157,839,000 | 144,791,000 | 131,739,000 | 120,241,000 | 49,707,000 | 38,041,000 | 28,938,000 | 23,518,000 | 18,723,000 | 15,928,000 | 16,147,000 | 12,140,000 | 7,108,000 | 4,206,000 |
accumulated other comprehensive loss | -47,352,000 | -44,672,000 | -52,151,000 | -61,514,000 | -67,698,000 | -82,344,000 | -61,195,000 | -90,504,000 | -91,237,000 | -84,719,000 | -118,320,000 | -97,580,000 | -84,395,000 | -1,677,000 | -6,608,000 | -5,016,000 | -3,522,000 | -1,033,000 | -620,000 | -517,000 | -652,000 | |||||||||||||||||||||||
total shareholders' equity attributed to live oak bancshares, inc. | 1,277,616,000 | 1,249,868,000 | 1,198,223,000 | 1,062,889,000 | 1,027,030,000 | 999,030,000 | ||||||||||||||||||||||||||||||||||||||
non-controlling interest | 4,145,000 | 4,238,000 | 4,326,000 | 4,376,000 | 4,417,000 | 4,466,000 | ||||||||||||||||||||||||||||||||||||||
total shareholders’ equity | 1,281,761,000 | 1,254,106,000 | 1,202,549,000 | 1,067,265,000 | 1,031,447,000 | 1,003,496,000 | 1,007,756,000 | 961,049,000 | 927,718,000 | 902,666,000 | 850,368,000 | 832,488,000 | 822,807,000 | 811,033,000 | 802,168,000 | 791,662,000 | 713,327,000 | 715,133,000 | 689,423,000 | 657,347,000 | 590,360,000 | 567,850,000 | 584,164,000 | 548,435,000 | 533,772,000 | 532,386,000 | 528,219,000 | 518,986,000 | 500,380,000 | 493,560,000 | ||||||||||||||
total liabilities and shareholders’ equity | 15,300,033,000 | 15,134,778,000 | 14,665,902,000 | 13,831,208,000 | 13,595,704,000 | 12,943,380,000 | 12,607,346,000 | 11,868,570,000 | 11,505,569,000 | 11,271,423,000 | 10,950,460,000 | 10,819,196,000 | 10,364,297,000 | 9,855,498,000 | 9,314,650,000 | 9,120,897,000 | 8,619,966,000 | 8,213,393,000 | 8,137,341,000 | 8,243,186,000 | 8,417,875,000 | 7,872,303,000 | 8,093,381,000 | 8,209,154,000 | 5,276,316,000 | 4,814,970,000 | 4,603,697,000 | 4,274,301,000 | 4,058,047,000 | 3,670,449,000 | 3,444,757,000 | 3,472,969,000 | 3,460,863,000 | 2,758,474,000 | 2,432,189,000 | 2,198,107,000 | 1,932,125,000 | 1,755,261,000 | 1,669,740,000 | 1,395,304,000 | 1,268,541,000 | 1,052,622,000 | 1,012,766,000 | 899,415,000 |
certificate of deposit with other banks | 250,000 | 250,000 | ||||||||||||||||||||||||||||||||||||||||||
series a preferred stock, no par value, 1,000,000 shares authorized, 100,000 shares and 0 shares, issued and outstanding at december 31, 2025 and december 31, 2024, respectively | 96,266,000 | |||||||||||||||||||||||||||||||||||||||||||
class b common stock | 1,324,000 | 5,404,000 | 5,404,000 | 7,330,000 | 11,729,000 | 26,106,000 | 28,753,000 | 28,753,000 | 30,871,000 | 40,401,000 | 49,168,000 | 49,168,000 | 49,168,000 | 49,168,000 | 49,168,000 | 49,168,000 | 49,168,000 | 49,168,000 | 49,168,000 | 50,015,000 | 50,015,000 | 50,015,000 | 50,015,000 | 50,015,000 | 50,015,000 | 50,015,000 | 50,015,000 | |||||||||||||||||
series a preferred stock, no par value, 1,000,000 shares authorized, 100,000 shares and 0 shares, issued and outstanding at september 30, 2025 and december 31, 2024, respectively | 96,266,000 | |||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value, 1,000,000 shares authorized, none issued or outstanding at june 30, 2025 and december 31, 2024 | ||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value, 1,000,000 shares authorized, none issued or outstanding at march 31, 2025 and december 31, 2024 | ||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value, 1,000,000 authorized, none issued or outstanding at december 31, 2024 and december 31, 2023 | ||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value, 1,000,000 shares authorized, none issued or outstanding at september 30, 2024 and december 31, 2023 | ||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value, 1,000,000 shares authorized, none issued or outstanding at june 30, 2024 and december 31, 2023 | ||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value, 1,000,000 shares authorized, none issued or outstanding at march 31, 2024 and december 31, 2023 | ||||||||||||||||||||||||||||||||||||||||||||
federal funds sold | 136,397,000 | 68,324,000 | 51,694,000 | 29,993,000 | 16,547,000 | 10,672,000 | 9,917,000 | 5,461,000 | 21,153,000 | 25,924,000 | 91,188,000 | 158,226,000 | 96,787,000 | 88,919,000 | 68,153,000 | 64,708,000 | ||||||||||||||||||||||||||||
preferred stock, no par value, 1,000,000 authorized, none issued or outstanding at december 31, 2023 and december 31, 2022 | ||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value, 1,000,000 shares authorized, none issued or outstanding at september 30, 2023 and december 31, 2022 | ||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value, 1,000,000 shares authorized, none issued or outstanding at june 30, 2023 and december 31, 2022 | ||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value, 1,000,000 shares authorized, none issued or outstanding at march 31, 2023 and december 31, 2022 | ||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value, 1,000,000 authorized, none issued or outstanding at december 31, 2022 and december 31, 2021 | ||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | -92,318,000 | -95,242,000 | -59,283,000 | -36,506,000 | 1,946,000 | 8,065,000 | 13,123,000 | 9,128,000 | 21,507,000 | 24,905,000 | 25,303,000 | 17,749,000 | 11,724,000 | 16,252,000 | 12,877,000 | 993,000 | -697,000 | 130,000 | 201,000 | 47,000 | -192,000 | 87,000 | 1,000 | |||||||||||||||||||||
preferred stock, no par value, 1,000,000 shares authorized, none issued or outstanding at september 30, 2022 and december 31, 2021 | ||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value, 1,000,000 shares authorized, none issued or outstanding at june 30, 2022 and december 31, 2021 | ||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value, 1,000,000 shares authorized, none issued or outstanding at march 31, 2022 and december 31, 2021 | ||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value, 1,000,000 authorized, none issued or outstanding at december 31, 2021 and december 31, 2020 | ||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value, 1,000,000 shares authorized, none issued or outstanding at september 30, 2021 and december 31, 2020 | ||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value, 1,000,000 shares authorized, none issued or outstanding at june 30, 2021 and december 31, 2020 | ||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value, 1,000,000 shares authorized, none issued or outstanding at march 31, 2021 and december 31, 2020 | ||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value, 1,000,000 authorized, none issued or outstanding at december 31, 2020 and december 31, 2019 | ||||||||||||||||||||||||||||||||||||||||||||
operating lease right-of-use assets | 2,697,000 | 2,886,000 | 2,236,000 | 2,427,000 | 1,890,000 | 1,996,000 | 2,136,000 | |||||||||||||||||||||||||||||||||||||
operating lease liabilities | 2,931,000 | 3,079,000 | 2,416,000 | 2,619,000 | 2,041,000 | 2,162,000 | 2,314,000 | |||||||||||||||||||||||||||||||||||||
preferred stock, no par value, 1,000,000 authorized, none issued or outstanding at september 30, 2020 and december 31, 2019 | ||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value, 1,000,000 authorized, none issued or outstanding at june 30, 2020 and december 31, 2019 | ||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value, 1,000,000 authorized, none issued or outstanding at march 31, 2020 and december 31, 2019 | ||||||||||||||||||||||||||||||||||||||||||||
allowance for loan and lease losses | -48,247,000 | -42,944,000 | -38,048,000 | -35,111,000 | -32,434,000 | -26,797,000 | -29,350,000 | -28,050,000 | -24,190,000 | -21,027,000 | -19,560,000 | -18,195,000 | ||||||||||||||||||||||||||||||||
preferred stock, no par value, 1,000,000 authorized, none issued or outstanding at december 31, 2019 and december 31, 2018 | ||||||||||||||||||||||||||||||||||||||||||||
short term borrowings | 1,295,000 | 1,345,000 | 1,393,000 | 1,441,000 | 10,000,000 | 13,100,000 | ||||||||||||||||||||||||||||||||||||||
long term borrowings | 15,000 | 16,000 | 17,000 | 16,000 | 1,506,000 | 3,385,000 | 3,489,000 | 26,564,000 | 26,872,000 | 52,173,000 | 27,473,000 | 27,843,000 | 28,074,000 | 28,173,000 | 28,271,000 | 28,375,000 | 42,079,000 | 54,490,000 | ||||||||||||||||||||||||||
preferred stock, no par value, 1,000,000 authorized, none issued or outstanding at september 30, 2019 and december 31, 2018 | ||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value, 1,000,000 authorized, none issued or outstanding at june 30, 2019 and december 31, 2018 | ||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value, 1,000,000 authorized, none issued or outstanding at march 31, 2019 and december 31, 2018 | ||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value, 1,000,000 authorized, none issued or outstanding at december 31, 2018 and december 31, 2017 | ||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value, 1,000,000 authorized, none issued or outstanding at september 30, 2018 and december 31, 2017 | ||||||||||||||||||||||||||||||||||||||||||||
total equity | 477,230,000 | 462,986,000 | 448,836,000 | 436,933,000 | 364,591,000 | 237,631,000 | 226,189,000 | 222,847,000 | 214,152,000 | 207,350,000 | 204,433,000 | 199,488,000 | 194,096,000 | 103,381,000 | ||||||||||||||||||||||||||||||
preferred stock, no par value, 1,000,000 authorized, none issued or outstanding at june 30, 2018 and december 31, 2017 | ||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value, 1,000,000 authorized, none issued or outstanding at march 31, 2018 and december 31, 2017 | ||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value, 1,000,000 authorized, none issued or outstanding at december 31, 2017 and december 31, 2016 | ||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value, 1,000,000 authorized, none issued or outstanding at september 30, 2017 and december 31, 2016 | ||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value, 1,000,000 authorized, none issued or outstanding at june 30, 2017 and december 31, 2016 | ||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value, 1,000,000 authorized, none issued or outstanding at march 31, 2017 and december 31, 2016 | ||||||||||||||||||||||||||||||||||||||||||||
loans held for investment | 907,566,000 | 766,977,000 | 690,517,000 | 313,633,000 | 279,969,000 | 259,552,000 | 237,612,000 | |||||||||||||||||||||||||||||||||||||
allowance for loan losses | -18,209,000 | -15,178,000 | -12,309,000 | -8,616,000 | -7,415,000 | -6,153,000 | -5,183,000 | |||||||||||||||||||||||||||||||||||||
net loans | 889,357,000 | 751,799,000 | 678,208,000 | 305,017,000 | 272,554,000 | 253,399,000 | 232,429,000 | |||||||||||||||||||||||||||||||||||||
preferred stock, no par value, 1,000,000 authorized, none issued or outstanding at december 31, 2016 and december 31, 2015 | ||||||||||||||||||||||||||||||||||||||||||||
total shareholders’ equity attributed to live oak bancshares, inc. | 222,847,000 | 214,152,000 | 207,325,000 | 204,408,000 | 199,455,000 | 194,062,000 | 103,344,000 | |||||||||||||||||||||||||||||||||||||
noncontrolling interest | 25,000 | 25,000 | 33,000 | 34,000 | 37,000 | |||||||||||||||||||||||||||||||||||||||
preferred stock, no par value, 1,000,000 authorized, none issued or outstanding at september 30, 2016 and december 31, 2015 | ||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value, 1,000,000 authorized, none issued or outstanding at june 30, 2016 and december 31, 2015 | ||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value, 1,000,000 authorized, none issued or outstanding at march 31, 2016 and december 31, 2015 | ||||||||||||||||||||||||||||||||||||||||||||
investments in non-consolidated affiliates | ||||||||||||||||||||||||||||||||||||||||||||
non-cumulative perpetual preferred stock (series a), no shares authorized, issued or outstanding at december 31, 2015, 6,800 shares authorized, issued and outstanding at december 31, 2014 | ||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value, 1,000,000 authorized, none issued or outstanding at december 31, 2015 and december 31, 2014 | ||||||||||||||||||||||||||||||||||||||||||||
non-cumulative perpetual preferred stock (series a), 6,800 shares authorized, issued and outstanding | ||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value, 1,000,000 authorized, none issued or outstanding at september 30, 2015 and december 31, 2014 | ||||||||||||||||||||||||||||||||||||||||||||
preferred stock, no par value, 1,000,000 authorized, none issued or outstanding at june 30, 2015 and december 31, 2014 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities | ||||||||||||||||||||||||||||||||||||||||||
net income | 46,122,000 | 26,466,000 | 23,387,000 | 9,668,000 | 9,843,000 | 13,025,000 | 26,963,000 | 27,586,000 | 16,163,000 | 39,793,000 | 17,544,000 | 398,000 | 1,792,000 | 42,868,000 | 97,039,000 | 34,509,000 | 30,147,000 | 33,839,000 | 63,582,000 | 39,427,000 | 29,588,000 | 33,780,000 | 3,777,000 | -7,602,000 | 6,832,000 | 3,895,000 | 4,935,000 | 2,372,000 | 10,490,000 | 14,252,000 | 14,253,000 | 12,453,000 | -28,668,501 | 12,862,000 | 9,795,000 | 6,112,000 | -8,270,236 | 3,478,000 | 123,000 | 4,683,000 | 5,714,000 | 2,899,000 |
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 9,968,000 | 6,672,000 | 6,784,000 | 6,974,000 | 6,651,000 | 6,307,000 | 5,343,000 | 4,981,000 | 5,330,000 | 5,494,000 | 5,254,000 | 5,193,000 | 5,153,000 | 5,073,000 | 5,148,000 | 5,405,000 | 5,328,000 | 5,301,000 | 5,265,000 | 5,143,000 | 5,351,000 | 5,573,000 | 5,621,000 | 5,664,000 | 5,202,000 | 5,067,000 | 4,034,000 | 4,377,000 | 4,186,000 | 4,037,000 | 3,786,000 | 2,958,000 | 2,354,000 | 1,708,000 | 1,092,000 | 1,044,000 | 1,065,000 | 1,518,000 | 896,000 | |||
provision for credit losses | ||||||||||||||||||||||||||||||||||||||||||
amortization of (discount) premium on securities, net of accretion | ||||||||||||||||||||||||||||||||||||||||||
deferred tax benefit | 166,000 | -1,009,000 | -8,711,000 | 6,610,000 | -6,888,000 | |||||||||||||||||||||||||||||||||||||
originations of loans held for sale | -261,301,000 | -347,844,000 | -347,995,000 | -349,091,000 | -293,188,000 | -277,281,000 | -263,049,000 | -203,956,000 | -234,361,000 | -217,281,000 | -233,975,000 | -191,466,000 | -254,428,000 | -291,934,000 | -273,142,000 | -222,557,000 | -407,987,000 | -401,119,000 | -253,588,000 | -262,939,000 | -436,472,000 | -209,063,000 | -274,678,000 | -293,165,000 | -256,544,000 | -249,016,000 | -206,440,000 | -252,994,000 | -205,188,000 | -318,768,000 | -302,522,000 | -252,327,000 | -302,424,000 | -329,990,000 | -230,120,000 | -215,218,000 | -256,077,000 | -294,391,000 | -267,965,000 | |||
proceeds from sales of loans held for sale | 264,265,000 | 71,160,000 | 502,187,000 | 422,294,000 | 427,521,000 | 425,923,000 | 319,109,000 | 258,708,000 | 377,516,000 | 335,981,000 | 331,727,000 | 317,579,000 | 271,472,000 | 266,297,000 | 180,625,000 | 349,364,000 | 338,019,000 | 274,188,000 | 182,685,000 | 267,805,000 | 215,882,000 | 188,366,000 | 203,340,000 | 146,681,000 | 141,871,000 | 88,050,000 | 80,931,000 | 120,538,000 | 352,165,000 | 336,632,000 | 277,279,000 | 181,991,000 | 238,642,000 | 227,667,000 | 232,444,000 | 150,110,000 | 172,638,000 | 236,750,000 | 190,197,000 | |||
net gains on sale of loans held for sale | -1,263,000 | -20,868,000 | -21,641,000 | -18,648,000 | -18,356,000 | -16,646,000 | -14,395,000 | -11,502,000 | -12,891,000 | -12,675,000 | -10,804,000 | -10,175,000 | -7,362,000 | -9,275,000 | -5,630,000 | -20,977,000 | -18,860,000 | -16,234,000 | -11,929,000 | -14,976,000 | -12,690,000 | -10,695,000 | -11,112,000 | -11,364,000 | -7,425,000 | -6,015,000 | -4,198,000 | -5,687,000 | -22,004,000 | -23,061,000 | -24,418,000 | -18,148,000 | -18,176,000 | -18,952,000 | -21,833,000 | -14,555,000 | -16,425,000 | -20,781,000 | -15,424,000 | |||
net loss on impairment and sale of foreclosed assets | ||||||||||||||||||||||||||||||||||||||||||
net loss on loans accounted for under fair value option | ||||||||||||||||||||||||||||||||||||||||||
net change in servicing assets | -664,000 | -2,132,000 | -3,448,000 | -767,000 | -3,591,000 | -1,025,000 | -2,185,000 | -752,000 | ||||||||||||||||||||||||||||||||||
net gain on sale or disposal of long lived asset | ||||||||||||||||||||||||||||||||||||||||||
net loss on disposal of premises and equipment | ||||||||||||||||||||||||||||||||||||||||||
impairment on premises and equipment | 0 | 0 | 904,000 | 244,000 | ||||||||||||||||||||||||||||||||||||||
equity method investments loss | -23,812,000 | 1,470,000 | 2,716,000 | 2,239,000 | 2,739,000 | 1,393,000 | 1,767,000 | 5,022,000 | -47,000 | 1,034,000 | ||||||||||||||||||||||||||||||||
equity security investments losses | ||||||||||||||||||||||||||||||||||||||||||
net loss on equity warrant assets | ||||||||||||||||||||||||||||||||||||||||||
renewable energy tax credit investment impairment | 129,000 | 336,000 | 14,575,000 | 0 | 0 | 69,000 | 8,446,000 | 7,721,000 | 60,000 | 0 | 3,127,000 | 0 | 0 | |||||||||||||||||||||||||||||
stock option compensation expense | 0 | 135,000 | 4,000 | 133,000 | 56,000 | 261,000 | ||||||||||||||||||||||||||||||||||||
restricted stock compensation expense | 6,696,000 | 5,902,000 | 6,945,000 | 6,667,000 | 6,492,000 | 6,614,000 | 6,793,000 | 6,306,000 | 5,172,000 | 83,000 | 6,308,000 | 6,040,000 | 5,216,000 | 4,780,000 | ||||||||||||||||||||||||||||
stock based compensation excess tax (deficiency) benefit | -273,000 | -445,000 | -68,000 | -156,000 | ||||||||||||||||||||||||||||||||||||||
business combination contingent consideration fair value adjustment | 0 | 0 | 0 | -260,000 | -348,050 | 0 | 150,000 | 200,000 | ||||||||||||||||||||||||||||||||||
lease right-of-use assets and liabilities | -15,000 | -17,000 | 21,000 | -14,000 | -16,000 | -29,000 | 206,000 | -11,000 | -7,000 | -22,000 | -13,000 | -17,000 | -20,000 | -317,000 | 581,000 | -12,000 | -1,000 | -1,000 | -1,000 | 0 | 41,000 | 13,000 | -12,000 | -15,000 | -12,000 | 114,000 | ||||||||||||||||
changes in assets and liabilities: | ||||||||||||||||||||||||||||||||||||||||||
other assets | 14,602,000 | -7,042,000 | 10,824,000 | 4,464,000 | -7,369,000 | 8,621,000 | -13,837,000 | 301,000 | -2,015,000 | 17,142,000 | 13,836,000 | 6,593,000 | -28,266,000 | 23,394,000 | -7,922,000 | -3,095,000 | -350,000 | 3,771,000 | 855,000 | -49,689,000 | -2,243,000 | 7,579,000 | -31,962,000 | -9,336,000 | -3,974,000 | 3,926,000 | 9,778,000 | -9,709,000 | 3,287,000 | 4,620,000 | -12,065,000 | -8,198,000 | -10,862,000 | 1,399,000 | 443,000 | -1,817,000 | 516,000 | |||||
other liabilities | 20,604,000 | 4,219,000 | 3,811,000 | -7,901,000 | 7,868,000 | 4,052,000 | 6,049,000 | 45,000 | 4,903,000 | -6,466,000 | -564,000 | 6,097,000 | -8,478,000 | -7,775,000 | 11,107,000 | -1,260,000 | 2,464,000 | 5,221,000 | -5,406,000 | -1,249,000 | -13,619,000 | 23,379,000 | -6,493,000 | 2,370,000 | 1,372,000 | 759,000 | -605,000 | -4,204,000 | 1,756,000 | -214,000 | 1,123,000 | 3,030,000 | 2,796,000 | -1,951,000 | 2,174,000 | 624,000 | -146,000 | |||||
net cash from operating activities | 79,690,000 | -234,594,000 | 208,169,000 | 104,977,000 | 170,685,000 | 191,014,000 | 83,876,000 | 90,893,000 | 154,887,000 | 136,482,000 | 158,456,000 | |||||||||||||||||||||||||||||||
capital expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||
free cash flows | 79,690,000 | -234,594,000 | 208,169,000 | 104,977,000 | 170,685,000 | 191,014,000 | 83,876,000 | 90,893,000 | 154,887,000 | 136,482,000 | 158,456,000 | |||||||||||||||||||||||||||||||
cash flows from investing activities | ||||||||||||||||||||||||||||||||||||||||||
purchases of investment securities available-for-sale | -91,998,000 | -82,234,000 | -49,972,000 | -76,965,000 | -80,515,000 | -79,287,000 | -63,653,000 | -46,176,000 | -16,919,000 | -23,966,000 | -28,680,000 | -146,030,000 | -37,288,000 | |||||||||||||||||||||||||||||
proceeds from maturities, calls, and principal paydowns of investment securities available-for-sale | 47,806,000 | 46,755,000 | 45,730,000 | 31,842,000 | ||||||||||||||||||||||||||||||||||||||
proceeds from sale of foreclosed assets | 6,252,000 | 2,310,000 | 161,000 | 22,000 | ||||||||||||||||||||||||||||||||||||||
maturities of certificates of deposit with other banks | 250,000 | 1,500,000 | 0 | 750,000 | 2,500,000 | 250,000 | 1,250,000 | 1,000,000 | 500,000 | 1,250,000 | ||||||||||||||||||||||||||||||||
net change in loans and leases | ||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of long lived asset | ||||||||||||||||||||||||||||||||||||||||||
purchases of equity security investments | -377,000 | -460,000 | -1,038,000 | -3,433,000 | -3,069,000 | -275,000 | -397,000 | -3,279,000 | -31,000 | -2,153,000 | -331,000 | -875,000 | -70,000 | |||||||||||||||||||||||||||||
purchases of equity method investments | -1,277,000 | -721,000 | -2,636,000 | -424,000 | -2,032,000 | -4,554,000 | -437,000 | -1,435,000 | -22,115,000 | -771,000 | -3,202,000 | -1,121,000 | -5,777,000 | |||||||||||||||||||||||||||||
proceeds from sale of equity security investments | 10,252,000 | 349,000 | 199,000 | 160,000 | ||||||||||||||||||||||||||||||||||||||
proceeds from sale of equity method investments | 67,143,000 | 137,000 | 256,000 | 129,000 | 734,000 | 710,000 | ||||||||||||||||||||||||||||||||||||
proceeds from sale of premises and equipment | 0 | 0 | 4,139,000 | 222,000 | 65,000 | 0 | 0 | 978,000 | 0 | 0 | 0 | 84,000 | 0 | 0 | ||||||||||||||||||||||||||||
purchases of premises and equipment | -9,302,000 | -1,735,000 | -1,425,000 | -2,294,000 | -4,018,000 | -6,407,000 | -17,206,000 | -21,676,000 | -21,608,000 | -8,263,000 | -6,563,000 | -10,405,000 | -8,120,000 | -7,400,000 | -8,195,000 | -20,036,000 | -432,000 | -558,000 | -674,000 | -19,676,000 | -117,000 | -459,000 | -737,000 | -7,194,000 | -2,180,000 | -14,508,000 | -13,315,000 | -23,491,000 | -26,614,000 | -19,532,000 | -41,685,000 | 71,415,136 | -7,938,000 | -25,822,000 | -37,660,000 | 1,193,857 | -761,000 | -182,000 | -251,000 | -1,157,000 | -6,227,000 | |
net cash from investing activities | 354,321,840 | -90,769,000 | -130,492,000 | -133,128,000 | 168,637,987 | -77,449,000 | -99,475,000 | 8,240,000 | ||||||||||||||||||||||||||||||||||
cash flows from financing activities | ||||||||||||||||||||||||||||||||||||||||||
net increase in deposits | 397,936,000 | 695,933,000 | 198,845,000 | 635,451,000 | 359,947,000 | 693,516,000 | 323,670,000 | 108,342,000 | 271,377,000 | 124,531,000 | 457,117,000 | 537,066,000 | 480,019,000 | 249,165,000 | 518,581,000 | 525,119,000 | 295,780,000 | 204,829,000 | 603,176,000 | 6,784,000 | -167,248,000 | 1,233,286,000 | 413,026,000 | 209,855,000 | 297,670,000 | 193,192,000 | 378,822,000 | 225,295,000 | -44,948,000 | -4,105,000 | 713,078,000 | 141,170,000 | 232,578,000 | 154,067,000 | 262,220,000 | 125,332,000 | 210,677,000 | 42,160,000 | ||||
proceeds from borrowings | 38,000 | 39,000 | 41,000 | 43,000 | 44,000 | 197,000 | 48,000 | 99,414,000 | 15,000 | 17,000 | 750,019,000 | 2,156,020,000 | 50,022,000 | 23,000 | 25,000 | 12,026,000 | -537,145,000 | 29,000 | 96,125,000 | 498,666,000 | 20,000,000 | 26,067,000 | 1,731,966,000 | 50,000,000 | ||||||||||||||||||
repayment of borrowings | -2,679,000 | -2,653,000 | -2,629,000 | -2,616,000 | -2,595,000 | -2,571,000 | -2,545,000 | -2,526,000 | -2,508,000 | -2,487,000 | -752,469,000 | -2,208,456,000 | -2,435,000 | -50,616,000 | -110,727,000 | -133,404,000 | -437,439,000 | -548,155,000 | -580,291,000 | -224,990,000 | -13,000 | -60,949,000 | -2,000 | |||||||||||||||||||
stock option exercises | 479,000 | 951,000 | 788,000 | 758,000 | 366,000 | 539,000 | 277,000 | 1,129,000 | 242,000 | 262,000 | 297,000 | 367,000 | 468,000 | 497,000 | 434,000 | 719,000 | 1,301,000 | 693,000 | 951,000 | 1,213,000 | 2,516,000 | 147,000 | 148,000 | 258,000 | 221,000 | 115,000 | 158,000 | 14,000 | 39,000 | 335,000 | 561,000 | 691,000 | -600,974 | 146,000 | 270,000 | 186,000 | -146,599 | 40,000 | 59,000 | 48,000 | 24,000 | |
employee stock purchase program | 0 | 562,000 | 0 | 659,000 | 0 | 747,000 | 0 | 702,000 | 0 | 765,000 | 0 | 631,000 | 1,000 | 532,000 | 0 | 534,000 | 0 | 374,000 | 0 | 296,000 | 0 | 288,000 | 0 | 232,000 | 0 | 255,000 | 0 | 182,000 | 0 | 177,000 | 0 | 165,000 | -444,555 | 204,000 | 0 | 241,000 | ||||||
proceeds from the issuance of preferred stock | 0 | |||||||||||||||||||||||||||||||||||||||||
tax withholding related to vesting of restricted stock and other | -2,074,000 | -2,080,000 | -293,000 | -3,178,000 | ||||||||||||||||||||||||||||||||||||||
contributions of non-controlling interest | ||||||||||||||||||||||||||||||||||||||||||
shareholder dividend distributions - preferred | -2,093,000 | |||||||||||||||||||||||||||||||||||||||||
shareholder dividend distributions - common | -1,377,000 | |||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | 390,230,000 | 786,689,000 | 195,383,000 | 629,750,000 | 357,753,000 | 688,718,000 | 319,763,000 | 202,659,000 | 266,015,000 | 120,407,000 | 453,385,000 | 480,948,000 | 526,236,000 | 196,920,000 | 406,801,000 | 400,788,000 | -99,079,000 | -142,368,000 | -253,260,000 | 510,491,000 | -245,948,000 | -142,102,000 | 2,903,174,000 | 462,257,000 | 207,393,000 | 296,639,000 | 192,014,000 | 377,759,000 | 224,032,000 | -47,732,000 | -5,033,000 | 689,349,000 | -633,411,379 | 218,056,000 | 253,756,000 | 161,704,000 | -596,025,868 | 261,477,000 | 124,951,000 | 209,595,000 | 27,970,000 | |
net increase in cash and cash equivalents | -27,541,000 | 229,690,000 | -81,508,000 | 135,463,000 | -57,785,000 | 51,136,000 | 18,055,000 | 14,854,000 | 47,766,000 | -273,357,000 | 344,945,000 | 46,550,000 | 13,266,000 | -228,817,000 | 124,416,000 | 304,021,000 | -91,790,000 | -196,718,000 | 317,222,000 | -316,430,000 | -713,396,000 | 935,238,000 | 191,511,000 | -24,907,000 | 65,001,000 | -102,422,000 | -30,956,000 | -51,742,000 | -24,376,000 | -135,011,000 | 232,681,000 | 53,534,000 | 48,486,000 | -79,121,000 | 179,979,000 | -51,050,000 | 123,949,000 | -27,274,000 | ||||
cash and cash equivalents, beginning | 0 | 0 | 0 | 608,800,000 | 0 | 0 | 0 | 582,540,000 | 0 | 0 | 0 | 416,636,000 | 0 | 0 | 0 | 203,750,000 | 0 | 0 | 318,320,000 | 0 | 0 | -2,142,000 | 223,539,000 | 0 | 0 | 0 | 316,823,000 | 0 | 0 | 0 | 295,271,000 | 0 | 0 | 238,008,000 | 0 | 0 | 102,607,000 | 0 | ||||
cash and cash equivalents, ending | -27,541,000 | 229,690,000 | -81,508,000 | 744,263,000 | -57,785,000 | 51,136,000 | 18,055,000 | 597,394,000 | 47,766,000 | -273,357,000 | 344,945,000 | 463,186,000 | 13,266,000 | -228,817,000 | 124,416,000 | 507,771,000 | -91,790,000 | -196,718,000 | 635,542,000 | -316,430,000 | -713,396,000 | 933,096,000 | 415,050,000 | -24,907,000 | 65,001,000 | -102,422,000 | 285,867,000 | -51,742,000 | -24,376,000 | -135,011,000 | 527,952,000 | 53,534,000 | 48,486,000 | 158,887,000 | 179,979,000 | -51,050,000 | 226,556,000 | -27,274,000 | ||||
supplemental disclosure of cash flow information | ||||||||||||||||||||||||||||||||||||||||||
interest paid | 117,285,000 | 115,551,000 | 115,650,000 | 112,098,000 | 115,377,000 | 111,659,000 | 107,167,000 | 102,644,000 | 97,675,000 | 91,367,000 | 84,697,000 | 69,027,000 | 50,541,000 | 32,125,000 | 19,587,000 | 15,263,000 | 16,159,000 | 17,218,000 | 18,469,000 | 19,902,000 | 22,502,000 | 25,539,000 | 23,858,000 | 24,317,000 | 23,572,000 | 21,554,000 | 17,837,000 | 15,508,000 | 14,290,000 | 13,940,000 | 10,368,000 | 7,069,000 | 6,022,000 | 4,836,000 | 3,940,000 | 3,490,000 | 2,690,000 | 2,339,000 | ||||
income tax paid | 10,327,000 | 9,046,000 | 7,049,000 | 172,000 | 12,431,000 | 3,588,000 | 20,960,000 | 1,928,000 | 3,614,000 | -3,544,000 | 5,051,000 | 182,000 | 7,580,000 | 10,350,000 | 6,770,000 | 8,000 | 7,503,000 | 8,689,000 | 354,000 | 98,000 | 362,000 | 251,000 | ||||||||||||||||||||
supplemental disclosures of noncash operating, investing, and financing activities | ||||||||||||||||||||||||||||||||||||||||||
unrealized holding gains on investment securities available-for-sale, net of taxes | 7,468,000 | 9,363,000 | 6,184,000 | 14,646,000 | -21,149,000 | -6,518,000 | 7,923,000 | |||||||||||||||||||||||||||||||||||
transfers from loans and leases to foreclosed real estate and other repossessions or sba receivable | 34,493,000 | 16,527,000 | 15,246,000 | 3,648,000 | 6,325,000 | 8,226,000 | 45,000 | 2,080,000 | 7,793,000 | 7,115,000 | 3,616,000 | 3,602,000 | 4,586,000 | 6,692,000 | 945,000 | |||||||||||||||||||||||||||
net transfers between foreclosed real estate and sba receivable | -154,000 | 84,000 | -17,000 | 72,000 | -1,793,000 | -46,000 | 196,000 | 136,000 | 86,000 | 0 | 30,000 | |||||||||||||||||||||||||||||||
transfer asset from premises and equipment, net to other assets | ||||||||||||||||||||||||||||||||||||||||||
transfer of loans held for sale to loans and leases held for investment | 18,546,000 | -260,888,000 | 203,540,000 | 205,385,000 | 28,589,000 | 31,666,000 | 13,664,000 | 94,384,000 | 209,674,000 | 8,882,000 | 21,110,000 | 35,742,000 | 86,973,000 | 754,724,000 | 18,266,000 | 70,649,000 | 183,153,000 | 258,037,000 | 176,285,000 | 117,528,000 | 80,451,000 | 62,769,000 | 35,233,000 | 52,747,000 | 78,912,000 | 96,250,000 | 50,055,000 | 23,411,000 | 8,061,000 | 11,713,000 | ||||||||||||
transfer of loans and leases held for investment to loans held for sale | 70,165,000 | -537,745,000 | 327,189,000 | 283,718,000 | 135,446,000 | 161,639,000 | 114,974,000 | 63,508,000 | 158,321,000 | 174,787,000 | 144,198,000 | 139,883,000 | 111,613,000 | 128,724,000 | 117,253,000 | 110,452,000 | 90,982,000 | 132,438,000 | 24,260,000 | 308,000 | 74,085,000 | 19,999,000 | 2,949,000 | 3,131,000 | 12,615,000 | 14,476,000 | 8,845,000 | 38,366,000 | 44,843,000 | 6,771,000 | ||||||||||||
loans provided for sales of foreclosed assets | ||||||||||||||||||||||||||||||||||||||||||
transfer from retained earnings to other assets for pro rata portion of equity method investee stock compensation expense | -3,675,000 | 183,000 | 176,000 | 98,000 | 197,000 | 183,000 | 252,000 | 249,000 | 231,000 | 263,000 | 292,000 | 286,000 | 247,000 | 208,000 | 71,000 | 136,000 | 320,000 | 1,349,000 | 1,508,000 | |||||||||||||||||||||||
equity method investment commitments | -19,366,000 | -500,000 | 500,000 | 1,008,000 | -6,000 | 0 | 0 | 7,721,000 | 2,290,000 | 4,166,000 | -405,000 | 10,971,000 | -469,000 | |||||||||||||||||||||||||||||
equity security investment commitments | -3,083,000 | 1,500,000 | 500,000 | 0 | -21,000 | -85,000 | 500,000 | 0 | 750,000 | 1,500,000 | ||||||||||||||||||||||||||||||||
change related to accounting change for asu 2022-02 | ||||||||||||||||||||||||||||||||||||||||||
balance at beginning of year | ||||||||||||||||||||||||||||||||||||||||||
originations | ||||||||||||||||||||||||||||||||||||||||||
proceeds from sale | ||||||||||||||||||||||||||||||||||||||||||
gain on sale of loans | ||||||||||||||||||||||||||||||||||||||||||
principal collections, net of deferred fees and costs | ||||||||||||||||||||||||||||||||||||||||||
non-cash transfers | ||||||||||||||||||||||||||||||||||||||||||
balance at end of period | ||||||||||||||||||||||||||||||||||||||||||
benefit from credit losses | 22,242,000 | 23,252,000 | 28,964,000 | 34,502,000 | ||||||||||||||||||||||||||||||||||||||
accretion of discount on securities | -215,000 | -147,000 | -83,000 | |||||||||||||||||||||||||||||||||||||||
deferred tax expense | 9,871,000 | -181,000 | 10,664,000 | 6,775,000 | 3,012,000 | 1,264,000 | 491,000 | 316,000 | -1,014,000 | -619,000 | 2,046,000 | 739,000 | 0 | 89,000 | ||||||||||||||||||||||||||||
net (gain) loss on impairment or sale of foreclosed assets | ||||||||||||||||||||||||||||||||||||||||||
net gain on loans accounted for under fair value option | 4,529,000 | -4,420,000 | 4,461,000 | -516,000 | 4,759,000 | -3,403,000 | 1,089,000 | 10,638,000 | ||||||||||||||||||||||||||||||||||
net gain on disposal of long-lived assets | ||||||||||||||||||||||||||||||||||||||||||
net income on disposal of property and equipment | 395,000 | 0 | -25,000 | 0 | 402,000 | 0 | 0 | 38,000 | 0 | |||||||||||||||||||||||||||||||||
equity security investments (gains) losses | -18,000 | -121,000 | -77,000 | -876,000 | -1,655,000 | 44,000 | -176,000 | -44,253,000 | -105,000 | -107,000 | -14,705,000 | -51,000 | ||||||||||||||||||||||||||||||
gain on equity warrant assets | 400,000 | 115,000 | 304,000 | 157,000 | 127,000 | |||||||||||||||||||||||||||||||||||||
purchases of loans previously sold | -40,122,000 | -21,650,000 | -23,607,000 | -49,479,000 | ||||||||||||||||||||||||||||||||||||||
loan and lease originations and principal collections | -246,684,000 | -459,490,000 | -524,894,000 | -493,702,000 | -728,355,000 | -362,247,000 | -251,138,000 | -385,548,000 | -550,732,000 | -234,062,000 | -455,742,000 | -521,880,000 | -297,099,000 | -206,429,000 | -243,463,000 | 129,334,000 | 158,111,000 | -119,970,000 | -90,395,000 | -374,213,000 | -1,784,857,000 | -152,559,000 | -109,300,000 | -138,520,000 | -144,489,000 | -113,539,000 | -113,528,000 | -114,372,000 | -126,355,000 | -91,388,000 | -81,483,000 | -100,640,000 | -91,378,000 | |||||||||
proceeds from sale of long-lived asset | 20,957,000 | 0 | 0 | 8,988,000 | 0 | 0 | 10,895,000 | |||||||||||||||||||||||||||||||||||
net cash used by investing activities | -322,405,000 | -485,060,000 | -599,264,000 | -586,223,000 | -828,596,000 | -385,584,000 | -278,698,000 | -388,495,000 | -548,651,000 | -244,922,000 | -592,854,000 | -203,617,000 | -253,206,000 | 136,908,000 | -154,604,000 | -89,632,000 | -358,493,000 | -1,980,118,000 | -179,226,000 | -91,181,000 | -130,536,000 | -150,040,000 | -301,407,000 | -143,328,000 | -132,398,000 | -154,295,000 | -420,564,000 | |||||||||||||||
supplemental disclosures of cash flow information | ||||||||||||||||||||||||||||||||||||||||||
supplemental disclosures of noncash investing and financing activities | ||||||||||||||||||||||||||||||||||||||||||
net transfers between foreclosed assets and sba receivable | 0 | |||||||||||||||||||||||||||||||||||||||||
transfer from premises and equipment, net to other assets | 0 | 0 | 18,540,000 | |||||||||||||||||||||||||||||||||||||||
accrued premises and equipment additions | -896,000 | -1,778,000 | 2,971,000 | -2,839,000 | -9,984,000 | |||||||||||||||||||||||||||||||||||||
net income on impairment or sale of foreclosed assets | -22,000 | 34,000 | ||||||||||||||||||||||||||||||||||||||||
net (gains) loss on loans accounted for under fair value option | ||||||||||||||||||||||||||||||||||||||||||
shareholder dividend distributions | -1,369,000 | -1,367,000 | -1,356,000 | -1,354,000 | -1,350,000 | -1,345,000 | -1,336,000 | -1,333,000 | -1,330,000 | -1,327,000 | -1,320,000 | -1,319,000 | -1,315,000 | -1,312,000 | -1,306,000 | -1,301,000 | -1,297,000 | -1,282,000 | -1,264,000 | -1,217,000 | -1,216,000 | -1,209,000 | -1,208,000 | -1,208,000 | -1,206,000 | -1,205,000 | -1,205,000 | -1,204,000 | -1,201,000 | -1,199,000 | 2,576,224 | -1,196,000 | -692,000 | -692,000 | 2,049,263 | -684,000 | -342,000 | -1,026,000 | -510,000 | |||
net income on loans accounted for under fair value option | 1,034,000 | -172,000 | 219,000 | |||||||||||||||||||||||||||||||||||||||
net gain on disposal of property and equipment | 24,000 | 9,000 | ||||||||||||||||||||||||||||||||||||||||
equity security investments losses (gains) | -20,000 | -161,000 | 529,000 | 64,000 | ||||||||||||||||||||||||||||||||||||||
renewable energy tax credit investment recovery | ||||||||||||||||||||||||||||||||||||||||||
stock based compensation excess tax benefit | 356,000 | -259,000 | 99,000 | 889,000 | -345,000 | -230,000 | -13,000 | 1,119,000 | 452,000 | 3,278,000 | 5,152,000 | |||||||||||||||||||||||||||||||
proceeds from sales, maturities, calls, and principal paydowns of investment securities available-for-sale | ||||||||||||||||||||||||||||||||||||||||||
proceeds from sba reimbursement/sale of foreclosed assets | 7,739,000 | 0 | 1,405,000 | 99,000 | 0 | 333,000 | 3,401,000 | 2,989,000 | 152,000 | 999,000 | 2,257,000 | 1,413,000 | 613,000 | 331,000 | 0 | 393,000 | ||||||||||||||||||||||||||
withholding cash issued in lieu of restricted stock and other | -3,176,000 | -2,356,000 | -337,000 | -3,057,000 | -1,775,000 | -1,348,000 | -249,000 | -3,353,000 | -519,000 | -1,362,000 | -197,000 | -2,894,000 | -1,647,000 | |||||||||||||||||||||||||||||
transfer asset from premises and equipment, net to held for sale assets | ||||||||||||||||||||||||||||||||||||||||||
amortization of (discount) premium on securities | -134,000 | -142,000 | -355,000 | |||||||||||||||||||||||||||||||||||||||
net income on sale of foreclosed assets | 0 | 17,000 | 24,000 | 49,000 | 18,000 | 3,000 | 19,000 | 18,000 | 27,000 | 60,000 | ||||||||||||||||||||||||||||||||
net (gain) loss on loans accounted for under fair value option | 1,030,000 | -1,135,000 | -4,218,000 | |||||||||||||||||||||||||||||||||||||||
renewable energy tax credit investment (recovery) impairment | 115,000 | 170,000 | -927,000 | |||||||||||||||||||||||||||||||||||||||
proceeds from maturities, calls, and principal paydown of investment securities available-for-sale | 35,715,000 | 34,186,000 | 43,493,000 | 30,006,000 | 27,916,000 | 21,319,000 | ||||||||||||||||||||||||||||||||||||
maturities of certificates of deposits with other banks | 0 | 0 | 500,000 | 0 | ||||||||||||||||||||||||||||||||||||||
proceeds from equity security investment | 220,000 | |||||||||||||||||||||||||||||||||||||||||
proceeds from equity method investments | 814,000 | |||||||||||||||||||||||||||||||||||||||||
net gain on disposal of long-lived asset | 0 | 0 | -114,000 | 0 | 0 | -357,000 | ||||||||||||||||||||||||||||||||||||
unrealized holding losses on investment securities available-for-sale, net of taxes | -20,740,000 | |||||||||||||||||||||||||||||||||||||||||
benefit from loan and lease credit losses | 16,364,000 | 10,279,000 | 13,028,000 | 19,021,000 | 14,169,000 | 4,319,000 | 8,634,000 | 10,274,000 | 9,958,000 | 11,792,000 | ||||||||||||||||||||||||||||||||
net (gain) loss on disposal of property and equipment | -4,000 | 0 | 0 | -48,000 | ||||||||||||||||||||||||||||||||||||||
(gain) loss on equity warrant assets | -5,662,000 | |||||||||||||||||||||||||||||||||||||||||
proceeds from sale of equity security investment | 535,000 | 0 | ||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash provided (used) by operating activities: | ||||||||||||||||||||||||||||||||||||||||||
provision for loan and lease credit losses | ||||||||||||||||||||||||||||||||||||||||||
amortization of premium on securities, net of accretion | -55,000 | -69,000 | -39,000 | 171,000 | 401,000 | 641,000 | 957,000 | 1,421,000 | 1,516,000 | 1,672,000 | 1,817,000 | 1,581,000 | 1,142,000 | 367,000 | 269,000 | 78,000 | 175,000 | 149,000 | 105,000 | 226,000 | 223,000 | 200,000 | 153,000 | 136,000 | 109,000 | 110,000 | 56,000 | 49,000 | 30,000 | 30,000 | 12,000 | |||||||||||
net cash provided (used) by operating activities | 26,157,000 | 20,657,000 | -78,768,000 | 156,439,000 | -132,446,000 | |||||||||||||||||||||||||||||||||||||
repurchase and retirement of shares | ||||||||||||||||||||||||||||||||||||||||||
transfer aircraft from premises and equipment, net to held for sale assets | 8,874,000 | |||||||||||||||||||||||||||||||||||||||||
deferred tax (benefit) expense | -3,441,000 | -4,182,000 | -5,541,000 | -3,984,000 | -9,912,000 | 950,000 | 215,000 | -632,000 | -3,544,000 | 947,000 | ||||||||||||||||||||||||||||||||
net increase in servicing assets | -16,085,000 | -1,685,000 | -3,034,000 | -2,712,000 | 2,998,000 | 778,000 | -3,826,000 | 3,428,000 | 431,000 | -822,000 | 283,000 | -91,000 | -1,590,000 | -1,275,000 | -1,077,000 | -3,147,000 | -3,640,000 | -607,000 | ||||||||||||||||||||||||
stock based compensation excess tax (shortfall) benefit | -341,000 | -163,000 | -411,000 | |||||||||||||||||||||||||||||||||||||||
transfers from loans and leases to foreclosed assets or sba receivable | ||||||||||||||||||||||||||||||||||||||||||
transfer aircraft from premises and equipment, net to other assets | ||||||||||||||||||||||||||||||||||||||||||
equity method investments (income) loss | 2,952,000 | -29,136,000 | -119,056,000 | 2,124,000 | 1,250,000 | 2,278,000 | 1,157,000 | 8,739,000 | 1,231,000 | 2,243,000 | 2,478,000 | 1,769,000 | ||||||||||||||||||||||||||||||
net loss on sale of foreclosed assets | ||||||||||||||||||||||||||||||||||||||||||
net decrease in servicing assets | -302,000 | 1,833,000 | ||||||||||||||||||||||||||||||||||||||||
gain on sale of investment securities available-for-sale | 0 | -1,225,000 | ||||||||||||||||||||||||||||||||||||||||
net loss on sale or disposal of long lived asset | ||||||||||||||||||||||||||||||||||||||||||
business combination, net of cash acquired | 0 | 0 | 7,688,304 | -12,000 | -101,000 | -7,583,000 | ||||||||||||||||||||||||||||||||||||
business combination: | ||||||||||||||||||||||||||||||||||||||||||
assets acquired | 0 | 0 | 0 | 0 | 5,766,000 | |||||||||||||||||||||||||||||||||||||
liabilities assumed | 0 | 0 | 0 | 0 | 4,681,000 | |||||||||||||||||||||||||||||||||||||
goodwill recorded | 0 | 0 | 12,000 | 101,000 | 7,165,000 | |||||||||||||||||||||||||||||||||||||
net gain on sale of foreclosed assets | 8,000 | -698,000 | ||||||||||||||||||||||||||||||||||||||||
net decrease (increase) in servicing assets | -420,000 | 2,637,000 | 3,317,000 | |||||||||||||||||||||||||||||||||||||||
proceeds from sales, maturities, calls, and principal paydown of investment securities available-for-sale | ||||||||||||||||||||||||||||||||||||||||||
net cash (used) provided by investing activities | ||||||||||||||||||||||||||||||||||||||||||
recording of secured borrowing | 0 | -1,500,000 | 5,493,000 | |||||||||||||||||||||||||||||||||||||||
purchases of securities available-for-sale | -162,448,000 | -37,837,000 | -104,776,000 | -104,712,000 | -108,223,000 | -52,942,000 | -50,420,000 | -240,068,000 | -52,757,000 | -22,844,000 | -24,427,000 | -7,445,000 | -198,384,000 | -19,762,000 | -10,834,000 | -23,542,000 | -293,046,000 | -6,606,000 | -6,384,000 | -19,000 | -10,147,000 | -12,356,000 | -2,443,000 | -9,490,000 | -9,512,000 | |||||||||||||||||
proceeds from sales, maturities, calls, and principal paydown of securities available-for-sale | 48,132,000 | 47,297,000 | 53,123,000 | 65,578,000 | 65,039,000 | 63,996,000 | 44,748,000 | 26,214,000 | 34,260,000 | 16,402,000 | 12,543,000 | |||||||||||||||||||||||||||||||
proceeds from sale of equity method investment | ||||||||||||||||||||||||||||||||||||||||||
unrealized holding losses on available-for-sale securities, net of taxes | -22,777,000 | -38,452,000 | -2,245,000 | |||||||||||||||||||||||||||||||||||||||
benefit from (recovery of) loan and lease credit losses | 1,836,000 | |||||||||||||||||||||||||||||||||||||||||
stock option based compensation expense | 391,000 | 298,000 | 384,000 | 353,000 | 344,000 | 361,000 | 461,000 | 406,000 | 366,000 | 413,000 | 440,000 | 400,000 | 470,000 | 403,000 | 501,000 | 346,000 | 463,000 | -1,494,214 | 572,000 | 468,000 | 456,000 | -1,749,651 | 579,000 | 581,000 | 592,000 | 551,000 | 431,000 | |||||||||||||||
restricted stock expense | 4,563,000 | 3,806,000 | 3,329,000 | 3,767,000 | 4,670,000 | 4,877,000 | 2,794,000 | 2,933,000 | 2,542,000 | 2,618,000 | 2,503,000 | 2,516,000 | 2,388,000 | 1,720,000 | 1,988,000 | 1,869,000 | 1,886,000 | -4,204,283 | 1,442,000 | 1,421,000 | 1,347,000 | -5,883,276 | 3,484,000 | 2,342,000 | 67,000 | 65,000 | 67,000 | |||||||||||||||
equity in undistributed net income of subsidiaries in excess of dividends of subsidiaries | ||||||||||||||||||||||||||||||||||||||||||
equity in subsidiary tax withholding related to vesting of restricted stock and other | ||||||||||||||||||||||||||||||||||||||||||
deferred income tax | ||||||||||||||||||||||||||||||||||||||||||
business combination contingent consideration fair value adjustments | ||||||||||||||||||||||||||||||||||||||||||
net change in other assets | ||||||||||||||||||||||||||||||||||||||||||
net change in other liabilities | ||||||||||||||||||||||||||||||||||||||||||
capital investment in subsidiaries | ||||||||||||||||||||||||||||||||||||||||||
repayments of borrowings | ||||||||||||||||||||||||||||||||||||||||||
net change in cash and cash equivalents | ||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of year | ||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at end of year | ||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash used by operating activities: | ||||||||||||||||||||||||||||||||||||||||||
net cash used by operating activities | -30,072,000 | -80,366,000 | -38,665,000 | -212,801,000 | 12,182,000 | -91,520,000 | -144,396,000 | -107,308,000 | 24,317,000 | -36,104,000 | -73,753,000 | -74,778,000 | -107,697,000 | -4,049,000 | -76,526,000 | -93,886,000 | -69,022,000 | -87,317,000 | ||||||||||||||||||||||||
net cash provided (used) by investing activities | 13,778,000 | |||||||||||||||||||||||||||||||||||||||||
unrealized holding gains on available-for-sale securities, net of taxes | -5,058,000 | 3,995,000 | -12,379,000 | -3,398,000 | -398,000 | 7,554,000 | 6,025,000 | -4,528,000 | 3,375,000 | 11,884,000 | 2,670,000 | -1,592,000 | -103,000 | 180,000 | -45,000 | -71,000 | 154,000 | 239,000 | -279,000 | |||||||||||||||||||||||
withholding cash issued in lieu of restricted stock | -5,713,000 | -11,287,000 | -126,000 | -61,000 | -48,000 | -181,000 | -142,000 | -81,000 | -5,000 | -48,000 | -213,000 | -184,000 | -311,000 | 4,886,109 | -63,000 | 0 | -4,828,000 | |||||||||||||||||||||||||
(recovery of) benefit from loan and lease credit losses | -873,000 | |||||||||||||||||||||||||||||||||||||||||
loss on sale of investment securities available-for-sale | ||||||||||||||||||||||||||||||||||||||||||
transfers from loans and leases to foreclosed real estate and other repossessions | 402,000 | 2,055,000 | 0 | 270,000 | 1,764,000 | 0 | 0 | 0 | 108,000 | 238,000 | ||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash (used) provided by operating activities: | ||||||||||||||||||||||||||||||||||||||||||
impairment expense on goodwill and other intangibles | 0 | |||||||||||||||||||||||||||||||||||||||||
net income on disposal of premises and equipment | 0 | 0 | 0 | 213,000 | ||||||||||||||||||||||||||||||||||||||
stock based compensation expense excess tax benefit | ||||||||||||||||||||||||||||||||||||||||||
net cash (used) provided by operating activities | ||||||||||||||||||||||||||||||||||||||||||
proceeds from sales, maturities, calls, and principal paydowns of securities available-for-sale | 19,818,000 | 17,086,000 | 14,922,000 | 4,805,000 | 2,720,000 | 2,205,000 | 2,262,000 | 6,446,000 | 1,428,000 | 890,000 | 8,742,000 | |||||||||||||||||||||||||||||||
sale of title insurance business, net of cash sold | 0 | |||||||||||||||||||||||||||||||||||||||||
investment in certificates of deposit with other banks | ||||||||||||||||||||||||||||||||||||||||||
income tax paid (received) | 2,437,000 | |||||||||||||||||||||||||||||||||||||||||
loans to finance sale of other assets | 0 | |||||||||||||||||||||||||||||||||||||||||
right-of-use assets obtained in exchange for lessee operating lease liabilities | 0 | 0 | 0 | 2,241,000 | ||||||||||||||||||||||||||||||||||||||
net (gain) loss on sale of foreclosed assets | -7,000 | |||||||||||||||||||||||||||||||||||||||||
stock based compensation expense tax shortfall | -44,000 | -59,000 | -34,000 | |||||||||||||||||||||||||||||||||||||||
gain on sale of securities available-for-sale | 79,000 | -528,000 | -87,000 | |||||||||||||||||||||||||||||||||||||||
benefit from loan and lease losses | 6,208,000 | 7,160,000 | 3,463,000 | 2,742,000 | 2,087,000 | 4,392,000 | ||||||||||||||||||||||||||||||||||||
change in discount on unguaranteed loans | -2,455,000 | -3,384,000 | ||||||||||||||||||||||||||||||||||||||||
gain on contribution to equity method investment | ||||||||||||||||||||||||||||||||||||||||||
stock based compensation expense excess tax (shortfall) benefit | ||||||||||||||||||||||||||||||||||||||||||
lease right-of-use assets | ||||||||||||||||||||||||||||||||||||||||||
proceeds from sale/collection of foreclosed assets | 135,000 | 180,000 | 589,000 | 39,000 | 52,000 | |||||||||||||||||||||||||||||||||||||
sale of common stock, net of issuance costs | ||||||||||||||||||||||||||||||||||||||||||
income tax (received) paid | -13,654,000 | |||||||||||||||||||||||||||||||||||||||||
net transfers (to) from foreclosed real estate to sba receivable | ||||||||||||||||||||||||||||||||||||||||||
transfer from fixed assets to other assets held for sale | ||||||||||||||||||||||||||||||||||||||||||
purchase price | 12,000 | 101,000 | 8,250,000 | |||||||||||||||||||||||||||||||||||||||
stock based compensation expense tax (shortfall) benefit | 13,000 | -68,000 | -8,000 | |||||||||||||||||||||||||||||||||||||||
proceeds from long term borrowings | 0 | 0 | 0 | 18,000 | -16,883,100 | 0 | 0 | |||||||||||||||||||||||||||||||||||
repayment of long term borrowings | -1,000 | -1,000 | -1,000 | -1,000 | -1,879,000 | -104,000 | -23,093,000 | -25,301,000 | -300,000 | -370,000 | -99,000 | -98,000 | -104,000 | -13,704,000 | ||||||||||||||||||||||||||||
repayment of short term borrowings | -50,000 | -48,000 | -48,000 | -10,000,000 | 0 | |||||||||||||||||||||||||||||||||||||
income tax received | 1,347,000 | |||||||||||||||||||||||||||||||||||||||||
net transfers from sba receivable to foreclosed real estate | -8,000 | -98,000 | ||||||||||||||||||||||||||||||||||||||||
amortization of discount on unguaranteed loans | -1,319,000 | -2,514,000 | 1,781,000 | 1,383,000 | 2,118,000 | |||||||||||||||||||||||||||||||||||||
transfers from loans to foreclosed real estate and other repossessions | 707,000 | 168,000 | 437,000 | 58,000 | 0 | 0 | 406,000 | 1,916,000 | ||||||||||||||||||||||||||||||||||
stock based compensation expense excess tax benefits | -9,000 | 86,000 | 10,000 | 14,000 | 199,000 | 0 | 874,000 | |||||||||||||||||||||||||||||||||||
proceeds from short term borrowings | -23,091,900 | 0 | 10,000,000 | 13,100,000 | ||||||||||||||||||||||||||||||||||||||
income tax | -782,000 | 5,048,000 | 2,828,000 | 2,963,000 | 595,000 | 2,181,000 | 1,014,000 | |||||||||||||||||||||||||||||||||||
net transfers from foreclosed real estate to sba receivable | ||||||||||||||||||||||||||||||||||||||||||
transfer of loans held for sale to loans held for investment | 1,564,000 | 493,000 | 3,656,000 | 3,059,000 | 322,500,000 | 13,763,000 | 1,623,000 | |||||||||||||||||||||||||||||||||||
transfer of loans held for investment to loans held for sale | 580,000 | 16,768,000 | 1,642,000 | 448,000 | 1,096,000 | 752,000 | 1,114,000 | |||||||||||||||||||||||||||||||||||
contingent consideration in acquisition of controlling interest in equity method investment | ||||||||||||||||||||||||||||||||||||||||||
transfers from short term borrowings to long term borrowings | 0 | |||||||||||||||||||||||||||||||||||||||||
transfers from long term borrowings to short term borrowings | ||||||||||||||||||||||||||||||||||||||||||
net benefit from loan and lease losses | ||||||||||||||||||||||||||||||||||||||||||
income tax (refunds) payments | 159,000 | |||||||||||||||||||||||||||||||||||||||||
depreciation | ||||||||||||||||||||||||||||||||||||||||||
impairment on contingent consideration | ||||||||||||||||||||||||||||||||||||||||||
gain on sale of investment in non-consolidated affiliate | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||
net change in advances to subsidiaries | ||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of investment in non-consolidated affiliate | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||
capital contribution from non-controlling interest | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||
repayments of long term borrowings | ||||||||||||||||||||||||||||||||||||||||||
sale of common stock | 0 | |||||||||||||||||||||||||||||||||||||||||
benefit from loan losses | 2,426,000 | 1,556,000 | 1,499,000 | 3,806,000 | 3,453,000 | 1,433,000 | 1,212,000 | |||||||||||||||||||||||||||||||||||
transfers from foreclosed real estate to sba receivable | 87,000 | -152,000 | ||||||||||||||||||||||||||||||||||||||||
amortization (accretion) of discount on unguaranteed loans | 100,000 | 1,155,000 | 617,000 | 10,000 | 146,000 | |||||||||||||||||||||||||||||||||||||
equity in loss of non-consolidated affiliates | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||
stock grants | ||||||||||||||||||||||||||||||||||||||||||
capital investment in non-consolidated affiliates | ||||||||||||||||||||||||||||||||||||||||||
net cash acquired in consolidation of equity method investment | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||
loan originations and principal collections | -74,576,000 | -88,904,000 | 8,742,000 | 17,640,000 | -17,417,000 | |||||||||||||||||||||||||||||||||||||
transfers of loans accounted for as secured borrowing collateral to other assets | 0 | |||||||||||||||||||||||||||||||||||||||||
dividends declared but not paid | ||||||||||||||||||||||||||||||||||||||||||
contingent consideration in acquisition of controlling interest in equity method of investment | 0 | |||||||||||||||||||||||||||||||||||||||||
benefit from (recovery of) loan losses | ||||||||||||||||||||||||||||||||||||||||||
amortization (accretion) of discount (premium) on unguaranteed loans | 1,496,000 | |||||||||||||||||||||||||||||||||||||||||
(gain) loss on sale of securities available-for-sale | ||||||||||||||||||||||||||||||||||||||||||
net gain on disposal of premises and equipment | 1,000 | |||||||||||||||||||||||||||||||||||||||||
gain on deconsolidation of subsidiary | ||||||||||||||||||||||||||||||||||||||||||
non-cash basis recovery in deconsolidation of subsidiary | ||||||||||||||||||||||||||||||||||||||||||
capital investments in non-consolidated affiliates | ||||||||||||||||||||||||||||||||||||||||||
repurchase of common stock | ||||||||||||||||||||||||||||||||||||||||||
conversion of convertible subordinated debt into common stock | ||||||||||||||||||||||||||||||||||||||||||
loans to facilitate the sale of foreclosed assets | ||||||||||||||||||||||||||||||||||||||||||
conversion of receivable to equity investment in ncino | ||||||||||||||||||||||||||||||||||||||||||
issuance of common stock on acquisition | ||||||||||||||||||||||||||||||||||||||||||
non-cash dividend | ||||||||||||||||||||||||||||||||||||||||||
accounts receivable and other assets | 923,000 | |||||||||||||||||||||||||||||||||||||||||
accrued expenses and other liabilities | -377,000 | |||||||||||||||||||||||||||||||||||||||||
investment in certificates of deposit | ||||||||||||||||||||||||||||||||||||||||||
investments in non-consolidated affiliates | ||||||||||||||||||||||||||||||||||||||||||
net gains on sale of foreclosed assets | ||||||||||||||||||||||||||||||||||||||||||
see notes to consolidated financial statements |
