The Luzerne Bank

118 Main Street
Luzerne, PA 18709

Notable Rates APY Vs.Others
Savings 0.01% 1.90% →
1-Year CD 0.05% 1.90% →
2-Year CD 0.10% 1.95% →
5-Year CD 0.40% 2.00% →
30-Year Mortgage N.A. 3.14% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.50% →

2020 Overview

General Bank Information

The Luzerne Bank is an FDIC insured institution located in Luzerne, PA. It was founded in 1907 and has approximately $0.45 billion in assets. Customers can open an account at one of its 9 branches.

FDIC Insured Yes
FDIC Certificate # 7586
Date Established 1907
Assets $ 453.13 million
Loans $ 343.03 million
Deposits $ 382.26 million
Capital $ 53.17 million

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

Deposit Rates - April 9, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.01% $1 $4,999 Learn MoreShow Less
Money Market
0.02% $5,000 $49,999 Learn MoreShow Less
3 Mo CD
0.01% $5,000 $49,999 Learn MoreShow Less
3 Mo CD
0.04% $100,000 - Learn MoreShow Less

Fixed IRA
0.03% $5,000 $49,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.01% $1 $4,999 Learn MoreShow Less

Loan Rates - April 9, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for The Luzerne Bank

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 2020

Lender APR Rate (%) Points Fees Monthly
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Featured - Connecticut Home Equity Line Of Credit Rates 2020

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Financial Details

The Luzerne Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of The Luzerne Bank. 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
The Luzerne Bank U.S. Bank Average
3.97% 6.51%

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 December 31, 2019, The Luzerne Bank had $2,270,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $53,169,000 in equity and $3,998,000 in loans loss reserves. That gives it a Texas Ratio of 3.97%.

Return on Equity
The Luzerne Bank U.S. Bank Average
7.63% 9.41%

The Luzerne Bank has a Return on Equity of 7.63% versus the BestCashCow average of 9.41%. 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.

The Luzerne Bank U.S. Bank Average
11.73% 12.82%

The Luzerne Bank has a Capitalization of 11.73% versus the BestCashCow average of 12.82. 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.

The Luzerne Bank Balance Sheet Analysis

As of December 31, 2019, The Luzerne Bank had assets of $453,131,000, loans of $343,034,000, and deposits of $382,260,000. 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

December 31, 2019
Cash & Balances due from depository institutions $ 18.34 million
Interest-bearing balances $ 9.29 million
Total securities $ 30.87 million
Federal funds sold and reverse repurchase $ 21.25 million
Net loans and leases $ 343.03 million
Loan loss allowance $ 4.00 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 14.35 million
All other assets $ 13.67 million
     Total Assets $ 399.96 million
Total deposits $ 382.26 million
      Interest-bearing deposits $ 251.74 million
      Deposits held in domestic offices $ 382.26 million
      % insured (estimated) 80.75%
Federal funds purchased and repurchase agreements $ 3.02 million
Trading liabilities N.A.
Other borrowed funds $ 7.83 million
Subordinated debt N.A.
All other liabilities $ 6.86 million
      Total Liabilities $ 399.96 million
      Shareholders’ Equity $ 53.17 million

Summary Income Statement

December 31, 2019
Total Interest Income $ 17.69 million
Total Interest Expense $ 3.03 million
Net interest income $ 14.67 million
Provision for loan and lease losses $ 0.44 million
Total non interest income $ 1.00 million
Total non interest expense $ 10.49 million
Pre-tax Net Operating Income $ 4.75 million

Bank Loan Profile?

The top three loan types in The Luzerne Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in Pennsylvania, The Luzerne Bank has a significantly higher percent of Consumer Auto Loans 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 41.06
Credit Card Loans 0.00
Consumer Auto Loans 6.80
Small Business Loans 13.05
Construction and Development Loans 1.07
Commercial Real Estate 33.12
Commercial and Industrial Loans 12.05
Farm Loans 0.39

Frequently Asked Questions About The Luzerne Bank

Branches and Savings

Is The Luzerne Bank FDIC insured?

Yes. It is covered under FDIC Certificate #7586.

Why does The Luzerne Bank pay such low interest on savings accounts?

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

Why are The Luzerne Bank CD rates not competitive?

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

Is The Luzerne Bank a commercial bank?


Where are The Luzerne Bank locations?

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Does The Luzerne Bank offer mortgages?

Compare mortgage rates here.

Does The Luzerne Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does The Luzerne Bank offer personal loans?

Compare personal loan rates here.

Does The Luzerne Bank offer student loans?

Will The Luzerne Bank cash a check?

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Background on The Bank

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