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707-578-9216
804 4th Street
Santa Rosa, CA 95404

Luther Burbank Savings is headquartered in Santa Rosa and is the 21st largest bank in the state of California. It is also the 221st largest bank in the nation. It was established in 1982 and as of March of 2014, it had grown to 272 employees at 8 locations. Luther Burbank Savings has a A health rating.

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Hot 30-Month CD Special at Luther Burbank Savings in California - 6/20/2014

Luther Burbank Savings is advertising a very good CD deal in California. It’s a 30-month CD with a 2.00% APY. Minimum deposit is $1,000, and new money is requir ...

3-Year CD Special at Luther Burbank Savings in SoCal - Local Only - 10/4/2013

Luther Burbank Savings is having a CD special at two of its Southern California branches. The bank is offering a 2.00% APY 3-year CD. Minimum deposit is $1,000, and there is no maximum deposit. No che ...



Reviews (3)

Customer Service And CD Offerings

I've invested in CDs with Luther Burbank for about 5 years now and have never had a problem.  Everyone in the offices I've visited is professional, knowledgeable and pleasant.   I would not hesitate to do business with Luther Burbank banks again.

Customer Service

I had a bad experience with this financial institution. I don't find ANY of there bankers or tellers to be particularly friendly or helpful, in fact quite the opposite. I intend to remove all of my funds and my husband will do the same. I will direct my friends and family to a truly friendly, local institution such as Community First Credit Union. These people know how to treat others with dignity and respect.

Commercial Lending Nightmare

I paid four thousand dollars to get two commercial loans from the Bellevue Office.  They went silent.  Luckily, a couple of weeks into it, I spent a little less for Chase to process the loans.  They came through w/ great servcie.  I've followed up twice w/ no answer.  I'll be filing in court soon.



Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Luther Burbank Savings had $18.84 million in non-current loans and owned real-estate with $506.02 million in equity and loan loss allowances on hand to cover it. This gives Luther Burbank Savings a Texas Ratio of 3.72% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Luther Burbank Savings decreased dramatically from 16.45% as of March 31, 2013 to 3.72% as of March 31, 2014, resulting in a positive change of 77.36%.This indicates that the balance sheet and financial strength for Luther Burbank Savings has improved dramatically in recent periods.

Deposit Growth

GRADE:
C

In the past year, Luther Burbank Savings has decreased its total deposits by -$54.57 million, resulting in -1.73% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Luther Burbank Savings has shown is average.

Capitalization

GRADE:
A+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Luther Burbank Savings has $3.64 billion in assets with $506.02 million in equity, resulting in a capitalization level of 13.89%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #32178
Year Established1982
Employees272
Primary RegulatorOCC
Assets and Liabilities
Assets$3.64 billion
Loans$3.32 billion
Deposits$3.11 billion
Equity Capital$452.85 million
Loan Loss Allowance$53.17 million
Unbacked Noncurrent Loans$18.84 million
Real Estate Owned$0
Historic Data - March 2013
Assets$3.63 billion
Equity Capital$436.67 million
Loan Loss Allowance$53.05 million
Unbacked Noncurrent Loans$18.84 million
Real Estate Owned$65,000
Profit Margin - Quarterly
Net Interest Margin3.05%
Return on Assets1.44%
Return on Equity11.71%
Interest Income$33.54 million
Rates
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Luther Burbank Savings Money Market Rates

DetailsAPYMINMAXPRODUCT
0.35%$75k-High-End Money Market Savings
0.30%$75k-Money Market Checking

Luther Burbank Savings Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$75k-High-End Checking
0.10%--Regular Interest Checking
0.10%--Value Checking

Luther Burbank Savings CD Rates

DetailsAPYMINMAXPRODUCT
0.55%$1k-24 Month CD
0.50%$90k-18 Month CD
0.40%$90k-6 - 11 Month CD
0.40%$90k-12 - 17 Month CD
0.30%$90k-3 - 5 Month CD
Locations


Luther Burbank Savings Locations
San Rafael Branch1050 Fourth StreetSan Rafael, CA 94901
Encino Branch16600 Ventura BlvdEncino, CA 91436
West Alameda Ave Branch172 S Lake AvePasadena, CA 91101
Toluca Lake Branch4100 West Alameda AveBurbank, CA 91505
Los Altos Branch4546 El Camino RealLos Altos, CA 94022
Luther Burbank Savings804 4th StreetSanta Rosa, CA 95404
Beverly Hills Branch8401 Wilshire BlvdBeverly Hills, CA 90211
San Jose Branch956 The AlamedaSan Jose, CA 95126