Luther Burbank Savings

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Luther Burbank Savings Locations

Deposit Rates - April 20, 2021

CD RATES APY MIN MAX
12 Mo CD
0.50% $1,000 - Compare
MM RATES APY MIN MAX
Money Market
0.20% $100,000 $149,999 Compare
Money Market
0.24% $150,000 - Compare
INT CHECKING RATES APY MIN MAX
Int Ckg
0.20% $50,000 -

Overview 2021

General Bank Information

FDIC Insured Yes
FDIC Certificate # 32178
Date Established 1982
Assets $ 6.90 billion
Loans $ 6.00 billion
Deposits $ 5.31 billion
Capital $ 739.09 million

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 177.28 million
Interest-bearing balances $ 173.24 million
Total securities $ 613.24 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 6.00 billion
Loan loss allowance $ 46.21 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 4.90 million
All other assets $ 85.55 million
     Total Assets $ 6.16 billion

LIABILITIES
Total deposits $ 5.31 billion
      Interest-bearing deposits $ 5.19 billion
      Deposits held in domestic offices $ 5.31 billion
      % insured (estimated) 72.91%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 806.75 million
Subordinated debt N.A.
All other liabilities $ 43.15 millionn
      Total Liabilities $ 6.16 billion
      Shareholders’ Equity $ 739.09 million

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 243.34 million
Total Interest Expense $ 95.10 million
Net interest income $ 148.24 million
Provision for loan and lease losses $ 10.55 million
Total non interest income $ 0.49 million
Total non interest expense $ 73.89 million
Pre-tax Net Operating Income $ 64.29 million

Luther Burbank Savings is an FDIC insured institution headquartered at 500 Third Street, Santa Rosa, CA 95401.
It was founded in 1982 and has approximately $7 billion in assets. Customers can open an account at one of its 12 branches.