> l \pThe Free Software Foundation B=PF0*8X@"1 Helvetica1Courier1Courier New1Courier New1 Helvetica$#,##0_);($#,##0)$#,##0_);[Red]($#,##0)$#,##0.00_);($#,##0.00)$#,##0.00_);[Red]($#,##0.00)**_($* #,##0_);_($* (#,##0);_($* ""_);_(@_)*)'_(* #,##0_);_(* (#,##0);_(* ""_);_(@_)5,2_($* #,##0.00_);_($* (#,##0.00);_($* ""??_);_(@_)2+/_(* #,##0.00_);_(* (#,##0.00);_(* ""??_);_(@_)2$#,##0.00;[Red]$#,##0.003$#,##0.00;[Red]($#,##0.00)4$#,##0;[Red]($#,##00)50.00%;[Red](0.00%)60%;[Red](0%)7#,##0.00;[Red](#,##0.00)8#,##0;[Red](#,##0) + ) , * Ј ~~ ؈ ~~#؈ ~~ ؈ ~~8#܈ ~~9#܈ ~~4#܈ ~~3#܈ ~~7#܈ ~~83ffff̙̙3f3fff3f3f33333f33!ZLuther Burbank Corporation%Luther Burbank Corporation (1)&Table of Contents&:CONSOLIDATED STATEMENTS OF FINAN[Income StatementD{Income Statement (1)Shareholders EquityU
Cash FlowsEarnings Per Share EPSAvailable for Sale
Available for Sale (1)O"Available for Sale (2)6Held to MaturityiJHeld to Maturity (1)\Held to Maturity (2)*mEquity Securities}Equity Securities (1)WEquity Securities (2)LossvLoss (1)Loss (2)/Loss (3)Loss (4)L+Loss (5)9Loss (6)oGLoss (7)ULoss (8)ldLoss (9)p Loss (10)0 Loss (11) Loss (12) Loss (13)_ Loss (14)&RFair Value of Financial Instrum&Assets and Liabilities Recorded&Multifamily loan securitization&#Multifamily loan securitiza (1).$Operating Leases1Income Statement (2)!UNonGAAP Financial Measures&nAverage balance sheet interest &Interest rates and operating inNoninterest IncomeNoninterest Expense!Loan Portfolio Composition%Loan Portfolio Composition (1)Other!#Troubled debt restructures 8Allowance for loan lossesxLInvestment PortfolioeDepositsyDeposits (1)&FHLB Advances and Other Borrowi&FHLB Advances and Other Bor (1)&FHLB Advances and Other Bor (2)4Shareholders Equity (1)kContractual ObligationsCapital Adequacy&Item 3 Quantitative and Qualita&Item 3 Quantitative and Qua (1)*Hedge Positions%@Purchases of Equity Securities/RItem 6 Exhibits
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??> Luther Burbank Corporation (1)Table of Contents!CONSOLIDATED STATEMENTS OF FINAIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Equity SecuritiesEquity Securities (1)Equity Securities (2)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14)!Fair Value of Financial Instrum!Assets and Liabilities Recorded!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesIncome Statement (2)NonGAAP Financial Measures!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)OtherTroubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital Adequacy!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge Positions Purchases of Equity SecuritiesItem 6 ExhibitsU }6}$ }a/
Luther Burbank Corp10Q
05/10/2019"Luther Burbank Corporation
California
6802709485(State or other jurisdiction of incorporation/'(I.R.S. employer identification number)or organization)
/'520 Third St, Fourth Floor, Santa Rosa,~
California
(Zip Code)2* ( Address of principal executive offices)$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.}qeY5iE~V=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Luther Burbank CorporationTable of Contents!CONSOLIDATED STATEMENTS OF FINAIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Equity SecuritiesEquity Securities (1)Equity Securities (2)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14)!Fair Value of Financial Instrum!Assets and Liabilities Recorded!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesIncome Statement (2)NonGAAP Financial Measures!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)OtherTroubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital Adequacy!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge Positions Purchases of Equity SecuritiesItem 6 ExhibitsU }U}$}$ }}$
Luther Burbank Corp10Q
05/10/2019"Luther Burbank Corporation
Large accelerated filer
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$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/(T}qeYK=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Luther Burbank Corporation Luther Burbank Corporation (1)!CONSOLIDATED STATEMENTS OF FINAIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Equity SecuritiesEquity Securities (1)Equity Securities (2)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14)!Fair Value of Financial Instrum!Assets and Liabilities Recorded!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesIncome Statement (2)NonGAAP Financial Measures!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)OtherTroubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital Adequacy!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge Positions Purchases of Equity SecuritiesItem 6 ExhibitsU }y
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Luther Burbank Corp10Q
05/10/2019Table of Contents
Page&PART I  FINANCIAL INFORMATIONItem 1.Financial Statements~
,
$Consolidated Statements of Financial~
Condition,$Unaudited Consolidated Statements of~
Income,$Unaudited Consolidated Statements of~
Comprehensive Income,$Unaudited Consolidated Statements of~
'Changes in Stockholders' Equity,$Unaudited Consolidated Statements of~
Cash Flows1)Notes to Unaudited Consolidated Financial~
"
StatementsItem 2.,$Management's Discussion and Analysis~
r80of Financial Condition and Results of OperationsItem 3.0(Quantitative and Qualitative Disclosures~
About Market RiskItem 4.Controls and Procedures~
#PART II  OTHER INFORMATIONItem 1.Legal Proceedings~
Dllznb>I(vJ]S !"#$%&'()*+, Item 1A. Risk Factors~
!Item 2./!'Unregistered Sales of Equity Securities~
!""and Use of Proceeds#Item 3.'#Defaults Upon Senior Securities~
#$Item 4.$Mine Safety Disclosures~
$%Item 5.%Other Information~
%&Item 6.&Exhibits~
&''
Signatures~
'()$*____________________________1+)Created by Morningstar Document Research.0,(http://documentresearch.morningstar.com/rGyD=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Luther Burbank Corporation Luther Burbank Corporation (1)Table of ContentsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Equity SecuritiesEquity Securities (1)Equity Securities (2)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14)!Fair Value of Financial Instrum!Assets and Liabilities Recorded!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesIncome Statement (2)NonGAAP Financial Measures!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)OtherTroubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital Adequacy!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge Positions Purchases of Equity SecuritiesItem 6 ExhibitsU }y<}$
C
Luther Burbank Corp10Q
05/10/20196.CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
March 31,
December 31,2019 (unaudited)~
ASSETS!
Cash and cash equivalents~
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~
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;.&Federal Home Loan Bank ("FHLB") stock,~
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....//'Commitments and contingencies (Note 14)///00001Stockholders' equity:11102(Preferred stock, no par value; 5,000,000 222 2263.shares authorized; none issued and outstanding/4'at March 31, 2019 and December 31, 2018/5'Common stock, no par value; 100,000,000~
555~
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Luther Burbank Corporation Luther Burbank Corporation (1)Table of Contents!CONSOLIDATED STATEMENTS OF FINAIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Equity SecuritiesEquity Securities (1)Equity Securities (2)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14)!Fair Value of Financial Instrum!Assets and Liabilities Recorded!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesIncome Statement (2)NonGAAP Financial Measures!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)OtherTroubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital Adequacy!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge Positions Purchases of Equity SecuritiesItem 6 ExhibitsU }0}$
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Luther Burbank Corp10Q
05/10/2019Income Statement
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Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Equity SecuritiesEquity Securities (1)Equity Securities (2)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14)!Fair Value of Financial Instrum!Assets and Liabilities Recorded!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesIncome Statement (2)NonGAAP Financial Measures!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)OtherTroubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital Adequacy!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge Positions Purchases of Equity SecuritiesItem 6 ExhibitsU }a/}$
Luther Burbank Corp10Q
05/10/2019Income Statement
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Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Equity SecuritiesEquity Securities (1)Equity Securities (2)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14)!Fair Value of Financial Instrum!Assets and Liabilities Recorded!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesIncome Statement (2)NonGAAP Financial Measures!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)OtherTroubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital Adequacy!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge Positions Purchases of Equity SecuritiesItem 6 ExhibitsU }$4}}$
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Luther Burbank Corp10Q
05/10/2019Shareholders' Equity
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Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14)!Fair Value of Financial Instrum!Assets and Liabilities Recorded!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesIncome Statement (2)NonGAAP Financial Measures!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)OtherTroubled debt restructuresAllowance for loan lossesInvestment Portfolio
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Luther Burbank Corp10Q
05/10/2019
Cash Flows
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Cash FlowsAvailable for SaleAvailable for Sale (1)Available for Sale (2)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Equity SecuritiesEquity Securities (1)Equity Securities (2)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14)!Fair Value of Financial Instrum!Assets and Liabilities Recorded!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesIncome Statement (2)NonGAAP Financial Measures!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)OtherTroubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital Adequacy!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge Positions Purchases of Equity SecuritiesItem 6 ExhibitsU }:}$
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05/10/2019"Earnings Per Share ("EPS") /
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Luther Burbank Corporation Luther Burbank Corporation (1)Table of Contents!CONSOLIDATED STATEMENTS OF FINAIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for Sale (1)Available for Sale (2)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Equity SecuritiesEquity Securities (1)Equity Securities (2)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14)!Fair Value of Financial Instrum!Assets and Liabilities Recorded!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesIncome Statement (2)NonGAAP Financial Measures!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)OtherTroubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital Adequacy!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge Positions Purchases of Equity SecuritiesItem 6 ExhibitsU }6}$
Luther Burbank Corp10Q
05/10/2019Available for Sale
(Dollars in thousands)
Amortized Cost
Gross Unrealized Gains
Gross Unrealized Losses
Estimated Fair ValueAt March 31, 2019:
5Government and Government Sponsored Entities:
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Luther Burbank Corporation Luther Burbank Corporation (1)Table of Contents!CONSOLIDATED STATEMENTS OF FINAIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (2)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Equity SecuritiesEquity Securities (1)Equity Securities (2)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14)!Fair Value of Financial Instrum!Assets and Liabilities Recorded!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesIncome Statement (2)NonGAAP Financial Measures!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)OtherTroubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital Adequacy!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge Positions Purchases of Equity SecuritiesItem 6 ExhibitsU }6}$
Luther Burbank Corp10Q
05/10/2019Available for Sale
March 31, 2019Less than 12 Months 12 Months or More
Total(Dollars in thousands)
Fair ValueUnrealized Losses
Fair Value
Unrealized Losses
Fair ValueUnrealized Losses5
Government and Government Sponsored Entities:
Residential MBS and CMOs~
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Commercial MBS and CMOs~
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~
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Luther Burbank Corporation Luther Burbank Corporation (1)Table of Contents!CONSOLIDATED STATEMENTS OF FINAIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Equity SecuritiesEquity Securities (1)Equity Securities (2)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14)!Fair Value of Financial Instrum!Assets and Liabilities Recorded!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesIncome Statement (2)NonGAAP Financial Measures!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)OtherTroubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital Adequacy!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge Positions Purchases of Equity SecuritiesItem 6 ExhibitsU }6}$
Luther Burbank Corp10Q
05/10/2019Available for Sale
December 31, 2018Less than 12 Months 12 Months or More
Total(Dollars in thousands)
Fair ValueUnrealized Losses
Fair Value
Unrealized Losses
Fair ValueUnrealized Losses5
Government and Government Sponsored Entities:
Residential MBS and CMOs~
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Luther Burbank Corporation Luther Burbank Corporation (1)Table of Contents!CONSOLIDATED STATEMENTS OF FINAIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Held to Maturity (1)Held to Maturity (2)Equity SecuritiesEquity Securities (1)Equity Securities (2)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14)!Fair Value of Financial Instrum!Assets and Liabilities Recorded!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesIncome Statement (2)NonGAAP Financial Measures!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)OtherTroubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital Adequacy!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge Positions Purchases of Equity SecuritiesItem 6 ExhibitsU }U5}$
Luther Burbank Corp10Q
05/10/2019Held to Maturity
(Dollars in thousands)
Amortized Cost
Gross Unrecognized Gains
!
Gross Unrecognized Losses
Estimated Fair ValueAs of March 31, 2019:
&Government Sponsored Entities:
Residential MBS~
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~
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 ~
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Luther Burbank Corporation Luther Burbank Corporation (1)Table of Contents!CONSOLIDATED STATEMENTS OF FINAIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Held to MaturityHeld to Maturity (2)Equity SecuritiesEquity Securities (1)Equity Securities (2)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14)!Fair Value of Financial Instrum!Assets and Liabilities Recorded!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesIncome Statement (2)NonGAAP Financial Measures!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)OtherTroubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital Adequacy!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge Positions Purchases of Equity SecuritiesItem 6 ExhibitsU }$}$
Luther Burbank Corp10Q
05/10/2019Held to Maturity
Less than 12 Months
12 Months or More
Total(Dollars in thousands)
Fair ValueUnrecognized Losses
Fair Value
Unrecognized Losses
Fair ValueUnrecognized LossesAs of March 31, 2019:
&
Government Sponsored Entities:
Residential MBS
$
$~
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: As of December 31, 2018:
&Government Sponsored Entities:
Residential MBS~
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Luther Burbank Corporation Luther Burbank Corporation (1)Table of Contents!CONSOLIDATED STATEMENTS OF FINAIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Held to MaturityHeld to Maturity (1)Equity SecuritiesEquity Securities (1)Equity Securities (2)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14)!Fair Value of Financial Instrum!Assets and Liabilities Recorded!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesIncome Statement (2)NonGAAP Financial Measures!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)OtherTroubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital Adequacy!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge Positions Purchases of Equity SecuritiesItem 6 ExhibitsU }0}$
Luther Burbank Corp10Q
05/10/2019Held to Maturity
March 31, 2019(Dollars in thousands)Amortized Cost
Fair Value*"Available for sale debt securities
One to five years~
6:
~
Five to ten years~
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Luther Burbank Corporation Luther Burbank Corporation (1)Table of Contents!CONSOLIDATED STATEMENTS OF FINAIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Equity Securities (1)Equity Securities (2)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14)!Fair Value of Financial Instrum!Assets and Liabilities Recorded!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesIncome Statement (2)NonGAAP Financial Measures!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)OtherTroubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital Adequacy!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge Positions Purchases of Equity SecuritiesItem 6 ExhibitsU }$}$
Luther Burbank Corp10Q
05/10/2019Equity Securities
(Dollars in thousands)
March 31,
December 31,~
~
Permanent mortgages on:
Multifamily residential~
~
^
!Single family residential~
~
7Commercial real estate~
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Total~
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Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Equity SecuritiesEquity Securities (2)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14)!Fair Value of Financial Instrum!Assets and Liabilities Recorded!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesIncome Statement (2)NonGAAP Financial Measures!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)OtherTroubled debt restructuresAllowance for loan lossesInvestment Portfolio
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!
Luther Burbank Corp10Q
05/10/2019Equity Securities
(Dollars in thousands)
Multifamily Residential
!
Single Family Residential
Commercial Real Estate
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Land, Construction and NM
Total)!Three months ended March 31, 2019"Allowance for loan losses:
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Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Equity SecuritiesEquity Securities (1)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14)!Fair Value of Financial Instrum!Assets and Liabilities Recorded!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesIncome Statement (2)NonGAAP Financial Measures!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)OtherTroubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital Adequacy!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge Positions Purchases of Equity SecuritiesItem 6 ExhibitsU }$4}$
&
Luther Burbank Corp10Q
05/10/2019Equity Securities
(Dollars in thousands)
Multifamily Residential
!
Single Family Residential
Commercial Real Estate
!
Land, Construction and NM
TotalAs of March 31, 2019:
.&Ending allowance balance allocated to:
3
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$
$
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Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Equity SecuritiesEquity Securities (1)Equity Securities (2)
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14)!Fair Value of Financial Instrum!Assets and Liabilities Recorded!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesIncome Statement (2)NonGAAP Financial Measures!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)OtherTroubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital Adequacy!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge Positions Purchases of Equity SecuritiesItem 6 ExhibitsU }}$
Luther Burbank Corp10Q
05/10/2019Loss
(Dollars in thousands)
Multifamily Residential
!
Single Family Residential
Commercial Real Estate
!
Land, Construction and NM
TotalAs of March 31, 2019:
Grade:
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Luther Burbank Corporation Luther Burbank Corporation (1)Table of Contents!CONSOLIDATED STATEMENTS OF FINAIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Equity SecuritiesEquity Securities (1)Equity Securities (2)Loss
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14)!Fair Value of Financial Instrum!Assets and Liabilities Recorded!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesIncome Statement (2)NonGAAP Financial Measures!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)OtherTroubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital Adequacy!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge Positions Purchases of Equity SecuritiesItem 6 ExhibitsU }}$
Luther Burbank Corp10Q
05/10/2019Loss
(Dollars in thousands)
30 Days
60 Days
90+ Days
Nonaccrual
Current
TotalAs of March 31, 2019:
Loans:
Multifamily residential~
$
$
~
~
ޞ
~
!Single family residential~
֒  ~
~
~
Commercial real estate   
~
~
!Land, construction and NM   
~
~
Total~
V
$
$~
~
r#s~
Ns As of December 31, 2018:
Loans:
Multifamily residential
$
$
$~
~
~
^!Single family residential~
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Loss (1)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14)!Fair Value of Financial Instrum!Assets and Liabilities Recorded!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesIncome Statement (2)NonGAAP Financial Measures!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)OtherTroubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital Adequacy!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge Positions Purchases of Equity SecuritiesItem 6 ExhibitsU }*}$
Luther Burbank Corp10Q
05/10/2019Loss
As of March 31, 2019
As of December 31, 2018(Dollars in thousands)Recorded Investment Unpaid Principal Balance Related Allowance
Recorded Investment Unpaid Principal BalanceRelated Allowance+#With no related allowance recorded:
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Luther Burbank Corporation Luther Burbank Corporation (1)Table of Contents!CONSOLIDATED STATEMENTS OF FINAIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Equity SecuritiesEquity Securities (1)Equity Securities (2)Loss
Loss (1)
Loss (2)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14)!Fair Value of Financial Instrum!Assets and Liabilities Recorded!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesIncome Statement (2)NonGAAP Financial Measures!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)OtherTroubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital Adequacy!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge Positions Purchases of Equity SecuritiesItem 6 ExhibitsU }*}$
Luther Burbank Corp10Q
05/10/2019Loss
$
Three Months Ended March 31,~
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(Dollars in thousands)#Average Recorded InvestmentInterest Income Cash Basis Interest#
Average Recorded InvestmentInterest IncomeCash Basis Interest+
#With no related allowance recorded:
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Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Equity SecuritiesEquity Securities (1)Equity Securities (2)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14)!Fair Value of Financial Instrum!Assets and Liabilities Recorded!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesIncome Statement (2)NonGAAP Financial Measures!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)OtherTroubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital Adequacy!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge Positions Purchases of Equity SecuritiesItem 6 ExhibitsU }y#}$
Luther Burbank Corp10Q
05/10/2019Loss
(Dollars in thousands)
March 31,
December 31,~
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Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (6)
Loss (7)
Loss (8)
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DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital Adequacy!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge Positions Purchases of Equity SecuritiesItem 6 ExhibitsU }}$
Luther Burbank Corp10Q
05/10/2019Loss
(Dollars in thousands)
March 31,
December 31,~
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Nonaccrual loans:
Multifamily residential~
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Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (7)
Loss (8)
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DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital Adequacy!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge Positions Purchases of Equity SecuritiesItem 6 ExhibitsU }0}$
Luther Burbank Corp10Q
05/10/2019Loss
(Dollars in thousands)
March 31,
December 31,~
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Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (8)
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05/10/2019Loss
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Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
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05/10/2019Loss
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March 31,
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Loss (1)
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Loss (5)
Loss (6)
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05/10/2019Loss
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05/10/2019Loss
March 31, 2019
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05/10/2019Loss
March 31, 2019
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05/10/2019Loss
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Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14)!Assets and Liabilities Recorded!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesIncome Statement (2)NonGAAP Financial Measures!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)OtherTroubled debt restructuresAllowance for loan lossesInvestment Portfolio
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Luther Burbank Corp10Q
05/10/2019+#Fair Value of Financial Instruments
%
Fair Level Measurements Using(Dollars in thousands)Carrying Amount
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Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Equity SecuritiesEquity Securities (1)Equity Securities (2)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14)!Fair Value of Financial Instrum!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesIncome Statement (2)NonGAAP Financial Measures!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)OtherTroubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital Adequacy!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge Positions Purchases of Equity SecuritiesItem 6 ExhibitsU }6}$
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Luther Burbank Corp10Q
05/10/20195Assets and Liabilities Recorded at Fair Value
Description
Fair Value
Level 1
Level 2
Level 3As of March 31, 2019:
Financial Assets:
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Residential MBS and CMOs~
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Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Equity SecuritiesEquity Securities (1)Equity Securities (2)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14)!Fair Value of Financial Instrum!Assets and Liabilities Recorded!Multifamily loan securitiza (1)Operating LeasesIncome Statement (2)NonGAAP Financial Measures!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)OtherTroubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital Adequacy!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge Positions Purchases of Equity SecuritiesItem 6 ExhibitsU }}$
Luther Burbank Corp10Q
05/10/2019'Multifamily loan securitization
$
Three Months Ended March 31,(Dollars in thousands)~
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Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Equity SecuritiesEquity Securities (1)Equity Securities (2)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14)!Fair Value of Financial Instrum!Assets and Liabilities Recorded!Multifamily loan securitizationOperating LeasesIncome Statement (2)NonGAAP Financial Measures!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)OtherTroubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital Adequacy!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge Positions Purchases of Equity SecuritiesItem 6 ExhibitsU }}$
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05/10/2019'Multifamily loan securitization
(Dollars in thousands)!
Single Family Residential
Multifamily ResidentialAs of March 31, 2019:"Principal balance of loans~
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Loans 90+ days past due


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Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Equity SecuritiesEquity Securities (1)Equity Securities (2)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14)!Fair Value of Financial Instrum!Assets and Liabilities Recorded!Multifamily loan securitization!Multifamily loan securitiza (1)Income Statement (2)NonGAAP Financial Measures!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)OtherTroubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital Adequacy!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge Positions Purchases of Equity SecuritiesItem 6 ExhibitsU }y#}$
Luther Burbank Corp10Q
05/10/2019Operating Leases #
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Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Equity SecuritiesEquity Securities (1)Equity Securities (2)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14)!Fair Value of Financial Instrum!Assets and Liabilities Recorded!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)OtherTroubled debt restructuresAllowance for loan lossesInvestment Portfolio
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Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Equity SecuritiesEquity Securities (1)Equity Securities (2)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14)!Fair Value of Financial Instrum!Assets and Liabilities Recorded!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesIncome Statement (2)!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)OtherTroubled debt restructuresAllowance for loan lossesInvestment Portfolio
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05/10/2019#NonGAAP Financial Measures
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Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Equity SecuritiesEquity Securities (1)Equity Securities (2)Loss
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05/10/2019@8Average balance sheet, interest and yield/rate analysis.
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Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Equity SecuritiesEquity Securities (1)Equity Securities (2)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14)!Fair Value of Financial Instrum!Assets and Liabilities Recorded!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesIncome Statement (2)NonGAAP Financial Measures!Average balance sheet interest Noninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)OtherTroubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital Adequacy!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge Positions Purchases of Equity SecuritiesItem 6 ExhibitsU }m)}$
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Luther Burbank Corp10Q
05/10/2019;3Interest rates and operating interest differential.
1
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Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Equity SecuritiesEquity Securities (1)Equity Securities (2)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
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Luther Burbank Corp10Q
05/10/2019Noninterest Income
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$For the Three Months Ended March 31,(Dollars in thousands)~
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05/10/2019Noninterest Expense
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Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Equity SecuritiesEquity Securities (1)Equity Securities (2)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14)!Fair Value of Financial Instrum!Assets and Liabilities Recorded!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesIncome Statement (2)NonGAAP Financial Measures!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest Expense Loan Portfolio Composition (1)OtherTroubled debt restructuresAllowance for loan lossesInvestment Portfolio
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Luther Burbank Corp10Q
05/10/2019"Loan Portfolio Composition
As of March 31, 2019
As of December 31, 2018(Dollars in thousands)Amount
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Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Equity SecuritiesEquity Securities (1)Equity Securities (2)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
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DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital Adequacy!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge Positions Purchases of Equity SecuritiesItem 6 ExhibitsU }}$
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05/10/2019"Loan Portfolio Composition
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Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Equity SecuritiesEquity Securities (1)Equity Securities (2)Loss
Loss (1)
Loss (2)
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Loss (4)
Loss (5)
Loss (6)
Loss (7)
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Luther Burbank Corp10Q
05/10/2019Other.
(Dollars in thousands)
Due in 1 year or less(
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Due after 5 years
TotalAs of March 31, 2019:
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Real estate mortgage loans:
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Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Equity SecuritiesEquity Securities (1)Equity Securities (2)Loss
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05/10/2019#Troubled debt restructures.
(Dollars in thousands)
March 31,
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Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Equity SecuritiesEquity Securities (1)Equity Securities (2)Loss
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DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital Adequacy!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge Positions Purchases of Equity SecuritiesItem 6 ExhibitsU }2}$ }$}$ }$
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05/10/2019"Allowance for loan losses.
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Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Equity SecuritiesEquity Securities (1)Equity Securities (2)Loss
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Luther Burbank Corp10Q
05/10/2019Investment Portfolio
March 31, 2019
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05/10/2019Deposits
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05/10/2019Deposits /
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Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Equity SecuritiesEquity Securities (1)Equity Securities (2)Loss
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05/10/2019*"FHLB Advances and Other Borrowings
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Luther Burbank Corporation Luther Burbank Corporation (1)Table of Contents!CONSOLIDATED STATEMENTS OF FINAIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Equity SecuritiesEquity Securities (1)Equity Securities (2)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14)!Fair Value of Financial Instrum!Assets and Liabilities Recorded!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesIncome Statement (2)NonGAAP Financial Measures!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)OtherTroubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)Shareholders Equity (1)Contractual ObligationsCapital Adequacy!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge Positions Purchases of Equity SecuritiesItem 6 ExhibitsU }a/}$ }$}$ }$
Luther Burbank Corp10Q
05/10/2019*"FHLB Advances and Other Borrowings
$
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~
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Luther Burbank Corporation Luther Burbank Corporation (1)Table of Contents!CONSOLIDATED STATEMENTS OF FINAIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Equity SecuritiesEquity Securities (1)Equity Securities (2)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14)!Fair Value of Financial Instrum!Assets and Liabilities Recorded!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesIncome Statement (2)NonGAAP Financial Measures!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)OtherTroubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Contractual ObligationsCapital Adequacy!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge Positions Purchases of Equity SecuritiesItem 6 ExhibitsU }6}$
Luther Burbank Corp10Q
05/10/2019Shareholders' Equity
(Dollars in thousands)
March 31,
December 31,~
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Luther Burbank Corporation Luther Burbank Corporation (1)Table of Contents!CONSOLIDATED STATEMENTS OF FINAIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Equity SecuritiesEquity Securities (1)Equity Securities (2)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14)!Fair Value of Financial Instrum!Assets and Liabilities Recorded!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesIncome Statement (2)NonGAAP Financial Measures!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)OtherTroubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Capital Adequacy!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge Positions Purchases of Equity SecuritiesItem 6 ExhibitsU }m)}$
%
Luther Burbank Corp10Q
05/10/2019Contractual Obligations
Payments Due by PeriodLess than 1 Year 1 to 3 Years
3 to 5 YearsMore than 5 Years(Dollars in thousands)
Total
$
Contractual Cash Obligations
Time deposits (1)~
~
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x9~
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$(1) Amounts exclude interest.&(2) We have one significant, longterm%contract for core processing services80which expires May 9, 2021. The actual obligation3+is unknown and dependent on certain factors5including volume and activities. For purposes.&of this disclosure, future obligations/'are estimated using our current year to1)date average monthly expense extrapolated0(over the remaining life of the contract.Dlth\l&uCt+he)T !"#$ !$"____________________________1#)Created by Morningstar Document Research.0$(http://documentresearch.morningstar.com/
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Luther Burbank Corporation Luther Burbank Corporation (1)Table of Contents!CONSOLIDATED STATEMENTS OF FINAIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Equity SecuritiesEquity Securities (1)Equity Securities (2)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14)!Fair Value of Financial Instrum!Assets and Liabilities Recorded!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesIncome Statement (2)NonGAAP Financial Measures!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)OtherTroubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual Obligations!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge Positions Purchases of Equity SecuritiesItem 6 ExhibitsU }}$ } }$} $ }
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Luther Burbank Corp10Q
05/10/2019Capital Adequacy
Minimum RequiredActual%For Capital Adequacy Purposes(
Plus Capital Conservation Buffer)!For Well Capitalized Institution(Dollars in thousands)Amount
RatioAmount
Ratio
Amount
RatioAmount
Ratio"
Luther Burbank Corporation
As of March 31, 2019
Tier 1 Leverage Ratio~
:'p=
ף"@ %~
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N/AN/AN/AN/A%Common Equity Tier 1 RiskBased Ratio~
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As of March 31, 2019
Tier 1 Leverage Ratio~
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Luther Burbank Corporation Luther Burbank Corporation (1)Table of Contents!CONSOLIDATED STATEMENTS OF FINAIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Equity SecuritiesEquity Securities (1)Equity Securities (2)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14)!Fair Value of Financial Instrum!Assets and Liabilities Recorded!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesIncome Statement (2)NonGAAP Financial Measures!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)OtherTroubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital Adequacy!Item 3 Quantitative and Qua (1)Hedge Positions Purchases of Equity SecuritiesItem 6 ExhibitsU }a/}<
Luther Burbank Corp10Q
05/10/2019JBItem 3. Quantitative and Qualitative Disclosures About Market Risk ,
$Interest Rate Risk to Earnings (NII)March 31, 2019(Dollars in millions)/
'Change in Interest Rates (basis points)
$ Change NII
% Change NII+400 BP@C(30.8)%+300 BP9(20.4)%+200 BPffffff,(11.4)%+100 BP~
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Luther Burbank Corporation Luther Burbank Corporation (1)Table of Contents!CONSOLIDATED STATEMENTS OF FINAIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Equity SecuritiesEquity Securities (1)Equity Securities (2)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14)!Fair Value of Financial Instrum!Assets and Liabilities Recorded!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesIncome Statement (2)NonGAAP Financial Measures!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)OtherTroubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital Adequacy!Item 3 Quantitative and QualitaHedge Positions Purchases of Equity SecuritiesItem 6 ExhibitsU }a/}<
Luther Burbank Corp10Q
05/10/2019JBItem 3. Quantitative and Qualitative Disclosures About Market Risk +
#Interest Rate Risk to Capital (EVE)March 31, 2019(Dollars in millions)/
'Change in Interest Rates (basis points)
$ Change EVE
% Change EVE+400 BP33333su(55.5)%+300 BPpl(36.8)%+200 BPl`(21.3)%+100 BP333333L(9.1)%100 BPH@8.0%200 BP33333X@
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Luther Burbank Corporation Luther Burbank Corporation (1)Table of Contents!CONSOLIDATED STATEMENTS OF FINAIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Equity SecuritiesEquity Securities (1)Equity Securities (2)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14)!Fair Value of Financial Instrum!Assets and Liabilities Recorded!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesIncome Statement (2)NonGAAP Financial Measures!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)OtherTroubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital Adequacy!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1) Purchases of Equity SecuritiesItem 6 ExhibitsU }}}}$
Luther Burbank Corp10Q
05/10/2019Hedge Positions
(Dollars in thousands)
Fair ValueHedging InstrumentHedge Accounting TypeMonths to MaturityNotional Other Assets
Other LiabilitiesInterest rate capCash flow hedge~
~
B
$
$
FHLB fixed rate advance
With embedded cap~
~


FHLB fixed rate advanceWith embedded cap~
~

FHLB fixed rate advanceWith embedded cap~
~

FHLB fixed rate advanceWith embedded cap~
~
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"FHLB variable rate advanceWith embedded cap~
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Luther Burbank Corporation Luther Burbank Corporation (1)Table of Contents!CONSOLIDATED STATEMENTS OF FINAIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Equity SecuritiesEquity Securities (1)Equity Securities (2)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14)!Fair Value of Financial Instrum!Assets and Liabilities Recorded!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesIncome Statement (2)NonGAAP Financial Measures!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)OtherTroubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital Adequacy!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsItem 6 ExhibitsU }}$ }}$ } }
$
Luther Burbank Corp10Q
05/10/2019&Purchases of Equity Securities
Period
(
Total Number of Shares Purchased
$
Average Price Paid Per Share
0
(Total Number of Shares Purchased as Part
/
'Approximate Dollar Value of Shares that/ 'of Publicly Announced Plans or Programs7/May Yet be Purchased Under the Plans or Program~
~
January 131, 2019
~
Gz"@
~
~
February 128, 2019~
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March 131, 2019~
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Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Equity SecuritiesEquity Securities (1)Equity Securities (2)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14)!Fair Value of Financial Instrum!Assets and Liabilities Recorded!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesIncome Statement (2)NonGAAP Financial Measures!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)OtherTroubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital Adequacy!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge Positions Purchases of Equity SecuritiesU }}$ }I;}$ }}$ }}$ }} $ }
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Luther Burbank Corp10Q
05/10/2019Item 6. Exhibits
!
Incorporated by ReferenceExhibit NumberDescriptionFiled HerewithFormFile No.
ExhibitFiling Date
@
6
.Amended and Restated Articles of Incorporation
S1
333221455
@
11/9/2017%of Luther Burbank Corporation @5Amended and Restated Bylaws of Luther BurbankS1
333221455
@ 11/9/2017Corporationffffff@%Specimen Certificate for Common StockS1
333221455
ffffff@ 11/9/2017@5Indenture, dated as of March 30, 2006 between
1)Luther Burbank Corporation and Wilmington%Trust Company, as trustee (1)333333@2*Amended and Restated Declaration of Trust,
2*dated as of March 30, 2006, between Luther0(Burbank Corporation and Wilmington Trust91Company, as trustee, and the named Administrators~
@1)Guarantee Agreement dated as of March 30,
0(2006, between Luther Burbank Corporation0(and Wilmington Trust Company, as trustee~
@6.Indenture, dated as of March 30, 2007, between
1)Luther Burbank Corporation and WilmingtonDl{ocZyV
?
% Trust Company, as trustee (1)!ffffff@!2!*Amended and Restated Declaration of Trust,!!!!!!! !
!!""2"*dated as of March 30, 2007, between Luther##0#(Burbank Corporation and Wilmington Trust$$9$1Company, as trustee, and the named Administrators%%~
%&@&1&)Guarantee Agreement dated as of March 30,&&&&&&& &
&&''0'(2007, between Luther Burbank Corporation((0((and Wilmington Trust Company, as trustee))~
)*333333$@*2**Employment Agreement, dated as of November****S1**
333221455* *
ffffff$@** 11/9/2017++2+*6, 2017 between Luther Burbank Corporation,,,and John G. Biggsffffff$@0(Employment Agreement, dated as of AugustS1
333221455 
$@ 11/9/2017../.'1, 2016, between Luther Burbank Savings///and Laura Tarantino0$@000(Employment Agreement, dated as of August0000S100
3332214550 0
$@00 11/9/201711/1'1, 2016, between Luther Burbank Savings222and Liana Prieto3$@303(Amended and Restated Salary Continuation3333S133
3332214553 3
%@33 11/9/20174464.Agreement, dated as of April 25, 2006, between5535+Luther Burbank Savings and Victor S. Trione6%@6/6'First Amendment to Amended and Restated6666S166
3332214556 6
333333%@66 11/9/201777,7$Salary Continuation Agreement, dated8868.as of December 5, 2008, between Luther Burbank99$9Savings and Victor S. Trione:333333%@:0:(Second Amendment to Amended and Restated::::S1::
333221455: :
ffffff%@:: 11/9/2017;;,;$Salary Continuation Agreement, dated<<1<)as of May 2, 2016, between Luther Burbank==$=Savings and Victor S. Trione>ffffff%@>0>(Amended and Restated Salary Continuation>>>>S1>>
333221455> >
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333333$@FF 11/9/2017GG4G,as of April 25, 2006, between Luther BurbankHH#HSavings and Laura TarantinoI333333$@I.I&First Amendment to Salary ContinuationIIIIS1II
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