The estimated Net Worth of Steve Smits is at least $11.1 Million dollars as of 23 February 2024. Mr. Smits owns over 1,000 units of Live Oak Bancshares Inc stock worth over $6,283,578 and over the last 9 years he sold LOB stock worth over $3,540,668. In addition, he makes $1,240,760 as Chief Credit Officer at Live Oak Bancshares Inc.
Steven has made over 25 trades of the Live Oak Bancshares Inc stock since 2015, according to the Form 4 filled with the SEC. Most recently he exercised 1,000 units of LOB stock worth $41,730 on 23 February 2024.
The largest trade he's ever made was exercising 100,000 units of Live Oak Bancshares Inc stock on 24 November 2020 worth over $4,173,000. On average, Steven trades about 10,432 units every 88 days since 2015. As of 23 February 2024 he still owns at least 150,577 units of Live Oak Bancshares Inc stock.
You can see the complete history of Mr. Smits stock trades at the bottom of the page.
Steven J. Smits serves as Chief Credit Officer of the Company. He joined the Company and the Bank in 2012. Mr. Smits is the former Associate Administrator for the Office of Capital Access at the U.S. Small Business Administration (the “SBA”). While at the SBA, he was responsible for managing and overseeing the agency’s programs and operations designed to expand access to capital for America’s small businesses. This included managing the agency’s $100 billion small business loan portfolio. Mr. Smits also played a critical role in implementing many of the provisions in the JOBS Act that was signed into law by President Obama in September 2010.
As the Chief Credit Officer of Live Oak Bancshares Inc, the total compensation of Steven Smits at Live Oak Bancshares Inc is $1,240,760. There are 1 executives at Live Oak Bancshares Inc getting paid more, with Huntley Garriott having the highest compensation of $5,884,170.
Steven Smits is 53, he's been the Chief Credit Officer of Live Oak Bancshares Inc since 2015. There are 11 older and 10 younger executives at Live Oak Bancshares Inc. The oldest executive at Live Oak Bancshares Inc is Glen Hoffsis, 79, who is the Independent Director.
Over the last 9 years, insiders at Live Oak Bancshares Inc have traded over $31,180,468 worth of Live Oak Bancshares Inc stock and bought 1,413,508 units worth $29,482,893 . The most active insiders traders include Don Jackson, Neil Lawrence Underwood, and James S Iii Mahan. On average, Live Oak Bancshares Inc executives and independent directors trade stock every 12 days with the average trade being worth of $680,282. The most recent stock trade was executed by William C Iii Losch on 26 August 2024, trading 50,000 units of LOB stock currently worth $2,086,500.
member fdic. the live oak story we started live oak bank in 2007 to provide veterinary business loans to small, independent businesspeople looking to expand, remodel, refinance and/or acquire an existing practice. from the beginning, we took a personal approach and saw our clients not as numbers, but as real people facing real-life opportunities and challenges. we offered big bank expertise and experience without big bank attitudes. it worked - for us as well as our clients - and we expanded our veterinary funding programs to serve the needs of private pharmacies and dental offices. today, live oak has clients across america, but we still see each one as an individual entrepreneur who deserves our undivided attention. we're their bank and we take that responsibility very personally. with this philosophy, live oak is now one of the largest originators of small business loans with one of the strongest loan portfolios in the country. we have extensive experience lending to selected niche
Live Oak Bancshares Inc executives and other stock owners filed with the SEC include: