Average User Rating:
2 star rating based on 3 reviews.

Luther Burbank Savings

804 4th Street
Santa Rosa, CA 95404
800-578-9216
www.lutherbsavings.com

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Luther Burbank Savings is headquartered in Santa Rosa and is the 18^st largest bank in the state of California. It is also the 213^st largest bank in the nation. It was established in 1982 and as of March of 2013, it had grown to 195 employees at 8 locations. Luther Burbank Savings has a 3-star health rating.

Luther Burbank Savings Routing Number: 321181297

Bank Donates Foreclosed Home To Homeless Agency (Forum) - 12/10/2011

From The Press Democrat The house, which sits on two acres and is valued at $290,000, was donated by Luther Burbank Savings to Community Housing Sonoma County, a nonprofit that has helped create 179 units of low-income housing since 2003. The donation of

Special 10-Month CD at Luther Burbank Savings Bank in Beverly Hills, CA - Local Only - 11/5/2010

Luther Burbank Savings is having a short-term CD special at its Beverly Hills branch. It's a 10-month CD with a 1.50% APY. Minimum deposit is $10,000, and no checking account is required. It's not lis ...

1.5% APY 10-Month CD At Luther Burbank Savings In Beverly Hills, CA (Forum) - 11/3/2010

Luther Burbank Savings is offering a 10-month CD special at 1.5% APY, at its newest office, in Beverly Hills, CA. This special is NOT posted on their Website. I just phoned them this morning.

5-Month CD Special at Luther Burbank Savings in Beverly Hills, CA - Local Only - 5/28/2010

Luther Burbank Savings is offering a special 1.90% APY 5-month CD at its Encino, California branch. Minimum deposit is $10,000. There is no maximum, and no checking account requirement. This special ...

2009

6/8 - 2.50% 6-Month CD at Luther Burbank Savings in California - Local Only

2008

2007

2/14 - 5.50% 6-Month CD at a California Bank (Luther Burbank Savings)

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See Rates for: Checking | Money Market | CD

Luther Burbank Savings Checking Account Rates

Apy	Min	Max	Product
0.25%	$75k	-	High-End Checking
0.10%	-	-	Regular Interest Checking
0.10%	-	-	Value Checking

Luther Burbank Savings Money Market Rates

Apy	Min	Max	Product
0.40%	$75k	-	High-End Money Market Savings
0.35%	$75k	-	Money Market Checking

Luther Burbank Savings CD Rates

Apy	Min	Max	Product
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

Rates updated: 6/19/2013

Data for Q1 2013

Institution Statistics

Luther Burbank Savings
OTS #	07960
FDIC Certificate #	32178
BankRate Report	View
Year Established	1982
Employees	195
Primary Regulator	OCC
Assets and Liabilities
Assets	$3.63 billion
Loans	$3.26 billion
Deposits	$3.16 billion
Equity Capital	$436.67 million
Loan Loss Allowance	$53.05 million
Unbacked Noncurrent Loans	$80.49 million
Real Estate Owned	$65,000
Historic Data - March 2012
Assets	$3.79 billion
Equity Capital	$418.76 million
Loan Loss Allowance	$53.55 million
Unbacked Noncurrent Loans	$82.74 million
Real Estate Owned	$5.01 million
Profit Margin - Quarterly
Net Interest Margin	3.27%
Return on Assets	2.08%
Return on Equity	17.42%
Interest Income	$35.57 million

Institution Health

Overall Score:

3 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2013 Luther Burbank Savings had $80.55 million in non-current loans and owned real-estate with $489.72 million in equity and loan loss allowances on hand to cover it. This gives Luther Burbank Savings a Texas Ratio of 16.45% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Luther Burbank Savings held steady from 18.58% as of March 31, 2012 to 16.45% as of March 31, 2013, resulting in a positive change of 11.47%.This indicates that the balance sheet and financial strength for Luther Burbank Savings has held steady in recent periods.
Deposit Growth
In the past year, Luther Burbank Savings has decreased its total deposits by -$59.19 million, resulting in -1.84% 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 below average.
Capitalization
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 $3.63 billion in assets with $489.72 million in equity, resulting in a capitalization level of 13.50%, which is excellent.

Customer Service And CD Offerings
4 stars

- Joan - Tuesday, April 30, 2013 - 12:11 PM

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
1 stars

- eatmegoo - Tuesday, December 4, 2012 - 12:39 AM

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
1 stars

- donlkaufman - Sunday, March 3, 2013 - 2:13 PM

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.