Live Oak Bank is growing so fast, plans for an expanded campus are already in the development pipeline.

Founded in 2008, Live Oak broke ground on a new building at Tiburon Drive in 2012 and moved there in 2013. Two years later, employees moved into a second building, and about a month ago, the company leased the first floor in its former Iron Gate Drive location, according to bank officials.

In one of the latest signs of the bank's expansion, the Wilmington Planning Commission is expected in February to consider measures that allow for three more buildings and a 3.5-story parking garage on Tiburon Drive. The requests are part of a five- to 10-year expansion plan, officials said.

“The bank has been so successful and is growing so fast that we want to be prepared for the growth that we know is going to come, if and when it comes. And it makes good sense to go through the process one time, to go ahead and map out the future so that we can plan accordingly,” said Chris Boney, architect and vice president of LS3P & Associates, the firm that designs Live Oak’s buildings.

Lee Williams, vice chairman of Live Oak's Board of Directors, said although more structures are in the works, his company is focused now on what would be the third building, a four-story, 64,000-square-foot facility, for the Live Oak campus.

“We hope to be in Building 3 in the latter part of 2018,” Williams said.

The Live Oak expansion requests are part of the planning commission’s 6 p.m. meeting Feb. 1 in the City Council Chambers at City Hall, 102 N. Third St. A conditional district rezoning modification request involves the third building; another four-story, 64,000-square-foot building; one one-story, 25,000-square-foot building; and the parking garage. A special use permit request seeks to increase the building height allowed on the 5-acre property up to 65 feet, according to the planning commission's agenda.

“We’re excited about the growth that’s coming and excited for Wilmington. It’s a great thing for our city, and I think for the whole region,” Boney said.

The city of Wilmington and New Hanover County have supported Live Oak's expansion through economic development incentives. Live Oak and its banking-software spinoff, nCino, were promised $325,000 from the county and $250,000 from the city because of plans to invest $16 million in property and create jobs with average salaries of $80,000.

Live Oak currently employs at least 370 people in Wilmington, Williams said. The bank focuses on small business loans and niche industries, operating entirely online.

In July 2015, Live Oak Bancshares Inc. launched its IPO and in October reported a third-quarter net income that beat analyst expectations. The bank (NASDAQ: LOB) had earnings of $3.5 million, or 10 cents per share, up from earnings of $2.9 million, or 9 cents per share, in the third quarter of 2015.

The company will report its fourth quarter 2016 financial results Wednesday afternoon after U.S. financial markets close. In conjunction with this announcement, Live Oak will host a conference call at 9 a.m. Thursday to discuss the company's financial results and business outlook.