Luther Burbank Savings


500 Third Street
Santa Rosa, CA 95401
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD 0.50% 0.80% →
2-Year CD N.A. 0.80% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Luther Burbank Savings is an FDIC insured institution located in Santa Rosa, CA. It was founded in 1982 and has approximately $7.07 billion in assets. Customers can open an account at one of its 12 branches.

FDIC Insured Yes
FDIC Certificate # 32178
Date Established 1982
Assets $ 7.07 billion
Loans $ 6.23 billion
Deposits $ 5.43 billion
Capital $ 756.14 million

For a more detailed analysis of Luther Burbank Savings's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - September 28, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.20% $100,000 $149,999 Learn More
Money Market
0.24% $150,000 - Learn More
12 Mo CD
0.50% $1,000 - Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.20% $50,000 - Learn MoreShow Less

Loan Rates - September 28, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Luther Burbank Savings

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Connecticut 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Learn More
Simplist Mortgage, LLC
NMLS ID: 1764611
License#: ML-1764611
2.745% 2.690%
0.75 points
$1,810 fees
$1,013 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
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Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
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BMO Harris Bank
BMO Harris Bank
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Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 Learn More
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Third Federal Savings and Loan
Third Federal Savings and Loan
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2.240 %
$0 Learn More
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Note to Luther Burbank Savings
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Financial Details

Luther Burbank Savings Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Luther Burbank Savings. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Luther Burbank Savings U.S. Bank Average
0.84% 5.29%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2021, Luther Burbank Savings had $6,723,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $756,135,000 in equity and $43,766,000 in loans loss reserves. That gives it a Texas Ratio of 0.84%.

Return on Equity
Luther Burbank Savings U.S. Bank Average
10.57% 11.43%

Luther Burbank Savings has a Return on Equity of 10.57% versus the BestCashCow average of 11.43%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Luther Burbank Savings U.S. Bank Average
10.69% 11.51%

Luther Burbank Savings has a Capitalization of 10.69% versus the BestCashCow average of 11.51. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Luther Burbank Savings Balance Sheet Analysis

As of March 31, 2021, Luther Burbank Savings had assets of $7,074,983,000, loans of $6,228,223,000, and deposits of $5,434,972,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2021
Cash & Balances due from depository institutions $ 79.16 million
Interest-bearing balances $ 74.69 million
Total securities $ 657.19 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 6.23 billion
Loan loss allowance $ 43.77 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 4.73 million
All other assets $ 88.01 million
     Total Assets $ 6.32 billion
Total deposits $ 5.43 billion
      Interest-bearing deposits $ 5.32 billion
      Deposits held in domestic offices $ 5.43 billion
      % insured (estimated) 78.08%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 840.95 million
Subordinated debt N.A.
All other liabilities $ 42.93 million
      Total Liabilities $ 6.32 billion
      Shareholders’ Equity $ 756.14 million

Summary Income Statement

March 31, 2021
Total Interest Income $ 56.52 million
Total Interest Expense $ 15.54 million
Net interest income $ 40.98 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.12 million
Total non interest expense $ 15.37 million
Pre-tax Net Operating Income $ 28.23 million

Bank Loan Profile?

The top three loan types in Luther Burbank Savings’s loan portfolio are Multifamily Mortgages, 1-4 Family Residential Loans, and Commercial Real Estate.

Compared to other banks in California, Luther Burbank Savings has a significantly higher percent of 1-4 Family Residential Loans, Multifamily Mortgages on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 31.14
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.24
Construction and Development Loans 0.36
Commercial Real Estate 3.20
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Luther Burbank Savings

Branches and Savings

Is Luther Burbank Savings FDIC insured?

Yes. It is covered under FDIC Certificate #32178.

Why does Luther Burbank Savings pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Luther Burbank Savings CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Luther Burbank Savings a commercial bank?


Where are Luther Burbank Savings locations?

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Is Luther Burbank Savings open on Saturdays?

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Are Luther Burbank Savings ATMs Open 24/7?

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Do Luther Burbank Savings branches have notaries?

Will Luther Burbank Savings notarize my document?

What address for Luther Burbank Savings should I put for incoming ACH transfers?

Will the Luther Burbank Savings branch print checks?

Do Luther Burbank Savings checks expire?

Does Luther Burbank Savings require US citizenship to open account?

Can Luther Burbank Savings close my account?

Does Luther Burbank Savings Report to credit bureaus?

Does Luther Burbank Savings Use Equifax?

What is Luther Burbank Savings's ACH Routing Number?

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Does Luther Burbank Savings offer mortgages?

Compare mortgage rates here.

Does Luther Burbank Savings offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Luther Burbank Savings offer personal loans?

Compare personal loan rates here.

Does Luther Burbank Savings offer student loans?

Will Luther Burbank Savings cash a check?

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Does Luther Burbank Savings cash savings bonds?

Will Luther Burbank Savings cash money orders?

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Does Luther Burbank Savings do currency exchange?

Background on The Bank

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Does Luther Burbank Savings accept rolled coins?

Will Luther Burbank Savings accept loose change?

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