The Luzerne Bank is headquartered in LUZERNE and is the 70th largest bank in the state of Pennsylvania. It is also the 1,584th largest bank in the nation. It was established in 1907 and as of March of 2023, it had grown to 67 employees at 8 locations. The Luzerne Bank has a B+ health rating.
Ghosted After Daily Emails
So we were working with them on a loan. When you go to their website, it's says Loan's, it's what we do. So ok, we didn't get approved for what we were looking for, but rather than call or email and tell us we were ghosted. Daily emails for almost 3 weeks and then NOTHING. Nothing at all. At least say there was nothing that can be done, or maybe suggest another option. Especially if loans are your thing, would we have been better suited for another type or something?!?! I guess we will never know because they said NOTHING. SUPER frustrating!!
Data as of Q1 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 7586 |
| Year Established | 1907 |
| Employees | 67 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.21% |
| Return on Equity - YTD | 11.84% |
| Annual Interest Income | $5.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2023vs Q1 2022 | $567.1MM$561.0MM |
| Loans | Q1 2023vs Q1 2022 | $466.5MM$379.2MM |
| Deposits | Q1 2023vs Q1 2022 | $451.1MM$481.1MM |
| Equity Capital | Q1 2023vs Q1 2022 | $58.8MM$56.3MM |
| Loan Loss Allowance | Q1 2023vs Q1 2022 | $2.1MM$3.7MM |
| Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $1.7MM$1.6MM |
| Real Estate Owned | Q1 2023vs Q1 2022 | $0$53.00K |