Transactions with Related Parties	12 Months Ended
Dec. 31, 2019
Related Party Transactions [Abstract]
Transactions with Related Parties	Note 16. Transactions with Related Parties The Company has entered into transactions with its directors, officers, significant shareholders and their affiliates (related parties). Such transactions were made in the ordinary course of business on substantially the same terms and conditions, including interest rates, as those prevailing at the same time for comparable transactions with other customers, and did not, in the opinion of management, involve more than normal risk or present other unfavorable features. There were no related party loans at December 31, 2019 and 2018, other than those disclosed as secured borrowings in Note 10. Deposits from related parties held by the Company at December 31, 2019 and 2018 amounted to $46.9 million and $31.4 million, respectively. During the years ended December 31, 2019 and 2018, the Company invested $1.1 million and $675 thousand, respectively, in Plexus Fund II, III, and IV-C, L.P (“Plexus”), which is included in other assets in the consolidated balance sheets at December 31, 2019 and 2018 with a balance of $2.8 million and $3.5 million, respectively. A member of the Company’s board of directors is also a principal of Plexus Capital, the administrator of Plexus. Plexus is accounted for as an equity security investment. During the year ended December 31, 2019, the Company invested $156 thousand in DefenseStorm, Inc. ("DefenseStorm"), which is included in other assets in the consolidated balance sheets with a balance of $2.1 million and $2.0 million at December 31, 2019 and 2018, respectively. The Company holds voting and non-voting equity in DefenseStorm which is accounted for as an equity security investment. DefenseStorm provides a broad range of IT and cyber security solutions principally designed for financial institutions. As of December 31, 2019, the Company held approximately 5.8% of DefenseStorm on a fully diluted basis in the form of both voting and non-voting common equity, including approximately 3.2% voting control. Directors and officers of the Company and their affiliates collectively own approximately 5.8% of DefenseStorm on a fully diluted basis as of December 31, 2019, including approximately 1.0% voting control. During 2018 and 2017, the Company expensed $71 thousand and $405 thousand for cyber security event monitoring services. No payments were made for the year ended December 31, 2019. During the year ended December 31, 2018, the Company invested $5.1 million in Finxact LLC ("Finxact"), a developer of core processing software and services for the banking industry, which is included in other assets in the consolidated balance sheet with a balance of $4.5 million and $6.8 million as of December 31, 2019 and 2018, respectively. At December 31, 2019, the Company holds approximately 16.1% of Finxact on a fully diluted basis in the form of both voting and non-voting equity, including approximately 14.3% voting control. This investment is accounted for as an equity method investment due to the Company's ability to exercise significant influence over financial and operating policies of Finxact. Certain officers and directors of the Company collectively own approximately 6.4% of Finxact on a fully diluted basis in the form of non-voting equity at December 31, 2019. During 2019, the Company expensed $24 thousand for core processor services. No payments were made for the years ended December 31, 2018 and 2017. During the year ended December 31, 2018, the Company invested $628 thousand in Payrailz, LLC ("Payrailz"), an entity that provides digital payment services and solutions to the financial services industry, which is included in other assets in the consolidated balance sheet with a balance of $0 and $1.0 million at December 31, 2019 and 2018, respectively. At December 31, 2019, the Company holds approximately 14.7% of Payrailz on a fully diluted basis in the form of voting equity. This investment is accounted for as an equity method investment due to the Company's ability to exercise significant influence over financial and operating policies of Payrailz. Certain officers and directors of the Company collectively own approximately 3.9% of Payrailz on a fully diluted basis in the form of voting equity at December 31, 2019. During 2019 and 2018, the Company expensed $250 thousand and $4 thousand for digital payment services. No payments were made for the year ended December 31, 2017. The Company’s digital banking joint venture between Live Oak Banking Company and First Data Corporation, Apiture, which is included in other assets in the consolidated balance sheet had a balance of $64.7 million and $69.1 million at December 31, 2019 and 2018, respectively. See Note 3. Unconsolidated Joint Venture for further discussion. During the years ended December 31, 2019, 2018 and 2017, the Company expensed $524 thousand, $5.5 million and $304 thousand, respectively, for professional services. During 2019 and 2018, the Company recognized income of $446 thousand and $255 thousand, respectively for shared services and rent. The Company recognized no income from Apiture during the year ended December 31, 2017. During the year ended December 31, 2019, the Company committed to invest $1.8 million in Canapi Ventures Fund, L.P. (“The Fund”), an investment fund which centers around early to growth stage financial technology companies. The Fund is included in other assets in the consolidated balance sheet, with $257 thousand of the commitment invested during 2019. The Fund is accounted for as an equity method investment. During the year ended December 31, 2019, the Company committed to invest $15.2 million in Canapi Ventures SBIC Fund, L.P. (“The SBIC Fund”), an investment fund which centers around early to growth stage financial technology companies. The SBIC Fund is included in other assets in the consolidated balance sheet, with $461 thousand of the commitment invested during 2019. The SBIC Fund is accounted for as an equity method investment.

Transactions with Related Parties

12 Months Ended

Dec. 31, 2019

Note 16. Transactions with Related Parties

The Company has entered into transactions with its directors, officers, significant shareholders and their affiliates (related parties). Such transactions were made in the ordinary course of business on substantially the same terms and conditions, including interest rates, as those prevailing at the same time for comparable transactions with other customers, and did not, in the opinion of management, involve more than normal risk or present other unfavorable features.

There were no related party loans at December 31, 2019 and 2018, other than those disclosed as secured borrowings in Note 10.

Deposits from related parties held by the Company at December 31, 2019 and 2018 amounted to $46.9 million and $31.4 million, respectively.

During the years ended December 31, 2019 and 2018, the Company invested $1.1 million and $675 thousand, respectively, in Plexus Fund II, III, and IV-C, L.P (“Plexus”), which is included in other assets in the consolidated balance sheets at December 31, 2019 and 2018 with a balance of $2.8 million and $3.5 million, respectively. A member of the Company’s board of directors is also a principal of Plexus Capital, the administrator of Plexus. Plexus is accounted for as an equity security investment.

During the year ended December 31, 2019, the Company invested $156 thousand in DefenseStorm, Inc. ("DefenseStorm"), which is included in other assets in the consolidated balance sheets with a balance of $2.1 million and $2.0 million at December 31, 2019 and 2018, respectively. The Company holds voting and non-voting equity in DefenseStorm which is accounted for as an equity security investment. DefenseStorm provides a broad range of IT and cyber security solutions principally designed for financial institutions. As of December 31, 2019, the Company held approximately 5.8% of DefenseStorm on a fully diluted basis in the form of both voting and non-voting common equity, including approximately 3.2% voting control. Directors and officers of the Company and their affiliates collectively own approximately 5.8% of DefenseStorm on a fully diluted basis as of December 31, 2019, including approximately 1.0% voting control. During 2018 and 2017, the Company expensed $71 thousand and $405 thousand for cyber security event monitoring services. No payments were made for the year ended December 31, 2019.

During the year ended December 31, 2018, the Company invested $5.1 million in Finxact LLC ("Finxact"), a developer of core processing software and services for the banking industry, which is included in other assets in the consolidated balance sheet with a balance of $4.5 million and $6.8 million as of December 31, 2019 and 2018, respectively. At December 31, 2019, the Company holds approximately 16.1% of Finxact on a fully diluted basis in the form of both voting and non-voting equity, including approximately 14.3% voting control. This investment is accounted for as an equity method investment due to the Company's ability to exercise significant influence over financial and operating policies of Finxact. Certain officers and directors of the Company collectively own approximately 6.4% of Finxact on a fully diluted basis in the form of non-voting equity at December 31, 2019. During 2019, the Company expensed $24 thousand for core processor services. No payments were made for the years ended December 31, 2018 and 2017.

During the year ended December 31, 2018, the Company invested $628 thousand in Payrailz, LLC ("Payrailz"), an entity that provides digital payment services and solutions to the financial services industry, which is included in other assets in the consolidated balance sheet with a balance of $0 and $1.0 million at December 31, 2019 and 2018, respectively. At December 31, 2019, the Company holds approximately 14.7% of Payrailz on a fully diluted basis in the form of voting equity. This investment is accounted for as an equity method investment due to the Company's ability to exercise significant influence over financial and operating policies of Payrailz. Certain officers and directors of the Company collectively own approximately 3.9% of Payrailz on a fully diluted basis in the form of voting equity at December 31, 2019. During 2019 and 2018, the Company expensed $250 thousand and $4 thousand for digital payment services. No payments were made for the year ended December 31, 2017.

The Company’s digital banking joint venture between Live Oak Banking Company and First Data Corporation, Apiture, which is included in other assets in the consolidated balance sheet had a balance of $64.7 million and $69.1 million at December 31, 2019 and 2018, respectively. See Note 3. Unconsolidated Joint Venture for further discussion. During the years ended December 31, 2019, 2018 and 2017, the Company expensed $524 thousand, $5.5 million and $304 thousand, respectively, for professional services. During 2019 and 2018, the Company recognized income of $446 thousand and $255 thousand, respectively for shared services and rent. The Company recognized no income from Apiture during the year ended December 31, 2017.

During the year ended December 31, 2019, the Company committed to invest $1.8 million in Canapi Ventures Fund, L.P. (“The Fund”), an investment fund which centers around early to growth stage financial technology companies. The Fund is included in other assets in the consolidated balance sheet, with $257 thousand of the commitment invested during 2019. The Fund is accounted for as an equity method investment.

During the year ended December 31, 2019, the Company committed to invest $15.2 million in Canapi Ventures SBIC Fund, L.P. (“The SBIC Fund”), an investment fund which centers around early to growth stage financial technology companies. The SBIC Fund is included in other assets in the consolidated balance sheet, with $461 thousand of the commitment invested during 2019. The SBIC Fund is accounted for as an equity method investment.