diff --git a/lib/lb.c b/lib/lb.c
index 77674ea28..ab5de38a8 100644
--- a/lib/lb.c
+++ b/lib/lb.c
@@ -78,18 +78,11 @@ bool ovn_lb_vip_init(struct ovn_lb_vip *lb_vip, const char *lb_key,
     int addr_family;
 
     if (!ip_address_and_port_from_lb_key(lb_key, &lb_vip->vip_str,
-                                         &lb_vip->vip_port, &addr_family)) {
+                                         &lb_vip->vip, &lb_vip->vip_port,
+                                         &addr_family)) {
         return false;
     }
 
-    if (addr_family == AF_INET) {
-        ovs_be32 vip4;
-        ip_parse(lb_vip->vip_str, &vip4);
-        in6_addr_set_mapped_ipv4(&lb_vip->vip, vip4);
-    } else {
-        ipv6_parse(lb_vip->vip_str, &lb_vip->vip);
-    }
-
     /* Format for backend ips: "IP1:port1,IP2:port2,...". */
     size_t n_backends = 0;
     size_t n_allocated_backends = 0;
@@ -108,7 +101,7 @@ bool ovn_lb_vip_init(struct ovn_lb_vip *lb_vip, const char *lb_key,
         struct ovn_lb_backend *backend = &lb_vip->backends[n_backends];
         int backend_addr_family;
         if (!ip_address_and_port_from_lb_key(token, &backend->ip_str,
-                                             &backend->port,
+                                             &backend->ip, &backend->port,
                                              &backend_addr_family)) {
             continue;
         }
@@ -118,13 +111,6 @@ bool ovn_lb_vip_init(struct ovn_lb_vip *lb_vip, const char *lb_key,
             continue;
         }
 
-        if (addr_family == AF_INET) {
-            ovs_be32 ip4;
-            ip_parse(backend->ip_str, &ip4);
-            in6_addr_set_mapped_ipv4(&backend->ip, ip4);
-        } else {
-            ipv6_parse(backend->ip_str, &backend->ip);
-        }
         n_backends++;
     }
     free(tokstr);
diff --git a/lib/ovn-util.c b/lib/ovn-util.c
index d80db179a..13659cd70 100644
--- a/lib/ovn-util.c
+++ b/lib/ovn-util.c
@@ -788,7 +788,8 @@ ovn_smap_get_uint(const struct smap *smap, const char *key, unsigned int def)
  */
 bool
 ip_address_and_port_from_lb_key(const char *key, char **ip_address,
-                                uint16_t *port, int *addr_family)
+                                struct in6_addr *ip, uint16_t *port,
+                                int *addr_family)
 {
     struct sockaddr_storage ss;
     if (!inet_parse_active(key, 0, &ss, false, NULL)) {
@@ -798,12 +799,14 @@ ip_address_and_port_from_lb_key(const char *key, char **ip_address,
         *ip_address = NULL;
         *port = 0;
         *addr_family = 0;
+        memset(ip, 0, sizeof(*ip));
         return false;
     }
 
     struct ds s = DS_EMPTY_INITIALIZER;
     ss_format_address_nobracks(&ss, &s);
     *ip_address = ds_steal_cstr(&s);
+    *ip = ss_get_address(&ss);
     *port = ss_get_port(&ss);
     *addr_family = ss.ss_family;
     return true;
diff --git a/lib/ovn-util.h b/lib/ovn-util.h
index 145f974ed..a1f1cf0ad 100644
--- a/lib/ovn-util.h
+++ b/lib/ovn-util.h
@@ -241,7 +241,8 @@ char *str_tolower(const char *orig);
         case OVN_OPT_USER_GROUP:
 
 bool ip_address_and_port_from_lb_key(const char *key, char **ip_address,
-                                     uint16_t *port, int *addr_family);
+                                     struct in6_addr *ip, uint16_t *port,
+                                     int *addr_family);
 
 /* Returns the internal OVN version. The caller must free the returned
  * value. */
diff --git a/utilities/ovn-trace.c b/utilities/ovn-trace.c
index d9e7129d9..6fa5137d9 100644
--- a/utilities/ovn-trace.c
+++ b/utilities/ovn-trace.c
@@ -2601,23 +2601,15 @@ get_lb_vip_data(struct flow *uflow, struct in6_addr *vip,
     SBREC_LOAD_BALANCER_FOR_EACH (sbdb, ovnsb_idl) {
         struct smap_node *node;
         SMAP_FOR_EACH (node, &sbdb->vips) {
-            if (!ip_address_and_port_from_lb_key(node->key, vip_str,
-                                                 port, &family)) {
+            if (!ip_address_and_port_from_lb_key(node->key, vip_str, vip, port,
+                                                 &family)) {
                 continue;
             }
 
-            if (family == AF_INET) {
-                ovs_be32 vip4;
-                ip_parse(*vip_str, &vip4);
-                in6_addr_set_mapped_ipv4(vip, vip4);
-                if (vip4 == uflow->ct_nw_dst) {
-                    return true;
-                }
-            } else {
-                ipv6_parse(*vip_str, vip);
-                if (ipv6_addr_equals(vip, &uflow->ct_ipv6_dst)) {
-                    return true;
-                }
+            if ((family == AF_INET
+                 && in6_addr_get_mapped_ipv4(vip) == uflow->ct_nw_dst)
+                || ipv6_addr_equals(vip, &uflow->ct_ipv6_dst)) {
+                return true;
             }
             free(*vip_str);
         }
