Luther Burbank Corp
Company Overview
Luther Burbank Corporation provides various banking products and services for real estate investors, professionals, entrepreneurs, depositors, and commercial businesses. The company offers interest and noninterest-bearing transaction accounts, certificates of deposit, and money market accounts. It also provides commercial real estate loans, including first mortgage loans for the purchase, refinance, or build-out of tenant improvements on investor-owned multifamily residential properties. As of December 31, 2021, it operated ten full service branches in California; one full service branch in Washington located in King County.
Use of Interest
| Reporting Date | Total Revenue | Total Operating Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Sept. 30, 2023 | $20.59m | $69.51m | $19.56m | $69.51m | 94.99% | 100.00% |
| June 30, 2023 | $27.21m | $63.93m | $26.32m | $63.93m | 96.73% | 100.00% |
| March 31, 2023 | $35.22m | $49.41m | $33.99m | $49.41m | 96.49% | 100.00% |
Company Impact
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