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Luther Burbank Savings

Santa Rosa, CA · Cert 32178

FDIC · 13 branches

Q4 2023

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q4 2023, the quarter ended December 31, 2023, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Luther Burbank Savings

Santa Rosa, CA · Cert 32178

FDIC · 13 branches

Q4 2023

$8.2BAssets
$6.8BLoans
$5.9BDeposits
$837.2MEquity
Deposit mix
99%Interest-bearing $5.8B1%Noninterest $0.1BQ1 2022Q4 2023

Market Position · Los Angeles-Long Beach-Anaheim, CA · 2023 SOD (annual) · 0.5% share · #24 of 108 inst. · $3.7B of $695.5B

1.1% Los Angeles
5.5% Sonoma
3.7% Marin
0.3% Santa Clara

Executive Summary

  • Earnings: ROA of 0.29%, down 85 bps year over year; NIM at 1.35%.
  • Asset quality: problem loans at 0.23% of loans (+14 bps YoY), with net charge-offs at 0.02%.
  • Capital: tier 1 leverage ratio of 10.88%, up 14 bps from a year ago.
  • Funding: loans stand at 116.42% of deposits as of Q4 2023.

Return on Assets (YTD, annualized)

0.29%-85 bps YoY

Net Interest Margin (YTD, annualized)

1.35%-100 bps YoY

Efficiency Ratio (YTD, annualized)

58.07%+2,425 bps YoY

Tier 1 Leverage Ratio

10.88%+14 bps YoY

NIM

3.20%Q4 ’213.29%Q4 ’224.43%Q4 ’23-6%-43%

Non-interest income vs. expense

0.82%Q4 ’210.80%Q4 ’220.84%Q4 ’23-4%+4%

Year to date, annualized, through each quarter.

MetricQ1 2022Q2 2022Q3 2022Q4 2022Q1 2023Q2 2023Q3 2023Q4 2023YoY ΔTrend
Earnings
Return on Assets1.35%1.32%1.26%1.14%0.75%0.59%0.46%0.29%-85 bps
Return on Equity12.07%11.95%11.65%10.61%7.35%5.77%4.47%2.85%-775 bps
Net Interest Margin2.63%2.64%2.52%2.35%1.84%1.58%1.45%1.35%-100 bps
Efficiency Ratio32.58%29.47%30.22%33.82%44.91%48.76%52.56%58.07%+2,425 bps
Non-Interest Burden0.85%0.77%0.75%0.78%0.81%0.76%0.75%0.81%+3 bps
Growth
Asset Growth (YoY)2.58%3.77%9.72%11.08%14.36%11.01%2.68%3.23%-785 bps
Loan Growth (YoY)1.51%3.01%8.05%11.36%10.33%4.27%-0.40%-2.58%-1,394 bps
Deposit Growth (YoY)3.85%4.78%3.55%5.24%0.65%2.87%-0.72%-0.16%-539 bps
Asset Quality
Nonperforming Loans / Loans0.04%0.08%0.06%0.09%0.07%0.07%0.10%0.23%+14 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.02%+2 bps
Allowance / Loans0.52%0.54%0.53%0.52%0.51%0.54%0.58%0.63%+11 bps
Allowance Coverage of NPLs14.5x7.1x9.4x5.7x7.2x7.5x6.0x2.7x-3.0x
Capital
Tier 1 Leverage Ratio11.35%11.31%11.06%10.74%10.73%10.33%10.60%10.88%+14 bps
Total Risk-Based Capital21.33%21.10%21.17%21.07%21.42%22.34%22.81%22.52%+146 bps
Equity / Assets11.12%10.82%10.36%10.36%10.10%10.05%10.26%10.17%-19 bps
Liquidity & Funding
Loans / Deposits112.80%116.25%117.33%119.32%123.64%117.83%117.71%116.42%-290 bps
Liquid Assets / Assets1.99%1.14%3.10%2.27%6.16%8.31%7.10%8.68%+641 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a