> #$%&'()* l \pThe Free Software Foundation B=PF0*8X@"1 Helvetica1Courier1Courier New1Courier New1 Helvetica$#,##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#܈ ~~<#܈ ~~4#܈ ~~3#܈ ~~7#܈ ~~83ffff̙̙3f3fff3f3f33333f33!Luther Burbank Corporation
SIGNATURES.Table of Contents"%=Dollar amounts in thousands^Income StatementIncome Statement (1)Shareholders Equity
Cash FlowsDEarnings Per Share EPSAvailable for SaleXAvailable for Sale (1)Available for Sale (2)P2Available for Sale (3)KHeld to Maturity[Held to Maturity (1)lHeld to Maturity (2)~Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)ݱHeld to Maturity (6)JHeld to Maturity (7)Held to Maturity (8)Loss
Loss (1)Loss (2)2Loss (3)FLoss (4)xcLoss (5)&Loss (6)Loss (7)Loss (8)Loss (9) Loss (10) Loss (11) Loss (12)o Loss (13); Loss (14)
Loss (15)` Loss (16)+ Loss (17)I Loss (18)Gi Loss (19)Ey Loss (20)&Fair Value of Financial Instrum&ʥFair Value of Financial Ins (1)&Assets and Liabilities Recorded&Assets and Liabilities Reco (1)&Assets and Liabilities Reco (2)&Multifamily loan securitization&Multifamily loan securitiza (1)Operating Leases!)NonGAAP Financial Measures&nSMultifamily Securitization Tran&dAverage balance sheet interest &͔Interest rates and operating infNoninterest IncomeJNoninterest Expense!Loan Portfolio Composition%tLoan Portfolio Composition (1)!Troubled debt restructures Allowance for loan losses8Investment PortfolioQDepositsgfDeposits (1)&vFHLB Advances and Other Borrowi&͇FHLB Advances and Other Bor (1)&bFHLB Advances and Other Bor (2)Shareholders Equity (1)ھContractual ObligationsCapital AdequacyCapital Adequacy (1)&.Item 3 Quantitative and Qualita&^Item 3 Quantitative and Qua (1)Hedge Positions
l {
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??I
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)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) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled 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 AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }6}$ }a/
Luther Burbank Corp10Q
05/10/2018"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~
2* ( Address of principal executive offices)
(Zip Code)$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.}qeY5iEb=PF0*8X>
@
l "o.
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank CorporationTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }y
}:}
"
Luther Burbank Corp10Q
05/10/2018
SIGNATURES
Page&PART I  FINANCIAL INFORMATIONItem 1.Financial Statements~
2
*Index to Consolidated Financial Statements~
Item 2.,$Management's Discussion and Analysis~
80of 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~
Item 1A.Risk Factors~
Item 2./'Unregistered Sales of Equity Securities~
and Use of ProceedsItem 3.'Defaults Upon Senior Securities~
Item 4.Mine Safety Disclosures~
Item 5.Other Information~
Item 6.Exhibits~
SIGNATURES~
$____________________________D:luiEJ\3r8m)z !1 )Created by Morningstar Document Research.0!(http://documentresearch.morningstar.com/=PF0*8X>
@!!
l <
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }2}
Luther Burbank Corp10Q
05/10/2018Table of Contents
Page*"Consolidated Financial Statements:,$Consolidated statements of financial~
condition)!Consolidated statements of income~
0(Consolidated statements of comprehensive~
income%Consolidated statements of changes in~
stockholders' equity%Consolidated statements of cash flows~
"2*Notes to consolidated financial statements~
&$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/8znbJ.f$t0$=PF0*8X>
@
l DFO[6\
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }I;}$
D
Luther Burbank Corp10Q
05/10/2018%(Dollar amounts in thousands)
March 31,
December 31,2018 (unaudited)~
ASSETS
!Cash and cash equivalents~
֊~
1)Available for sale investment securities,~
" ~
at fair value/'Held to maturity investment securities,~
6~
&l0(at amortized cost (fair value of $12,0131)and $6,925 at March 31, 2018 and December31, 2017, respectively).&Loans receivable, net of allowance for~
v%C~
10(loan losses of $31,980 and $30,312 as of91March 31, 2018 and December 31,2017, respectively#Accrued interest receivable~
&~
.&Federal Home Loan Bank ("FHLB") stock,~
~
Vat cost#Premises and equipment, net~
U~
^Goodwill~
3~
3)!Prepaid expenses and other assets~
q~
`Total assets~
Gp~
*\D lznbVo9 /o:q4[H !"#$%&'()*+,./0123456789:;<=>? ,!$LIABILITIES AND STOCKHOLDERS' EQUITY!!!"Liabilities:"""#Deposits~
###~
#*#'$Federal Home Loan Bank advances~
$&F$$~
$2a<$/%'Junior subordinated deferrable interest~
%%%~
%%&
debentures'Senior debt'''0(($95,000 face amount, 6.5% interest rate,~
(ο((~
(F(2)*due September 30, 2024 (less debt issuance4*,costs of $805 and $839 at March 31, 2018 and(+ December 31, 2017, respectively) ,Accrued interest payable~
,f$,,~
,,.&Other liabilities and accrued expenses~
~
Jp..../Total liabilities~
/&{N//~
/.:/0000/1'Commitments and contingencies (Note 17)11122223Stockholders' equity:333/4'Common stock, no par value; 100,000,000~
4N44~
4>445,shares authorized; 56,561,055 and 56,422,662.6&shares issued and outstanding at March47,31, 2018 and December 31, 2017, respectively8Retained earnings~
8Zt88~
8@89%Accumulated other comprehensive loss,~
999~
99:net of taxes;;;;"<Total stockholders' equity~
<^!<<~
<ƍ!<====2>*Total liabilities and stockholders' equity~
>Gp>>~
>*\>?Dsl@IKLPs;mU%@ABC@$A____________________________1B)Created by Morningstar Document Research.0C(http://documentresearch.morningstar.com/<=PF0*8X>
@3CCBBAA>>>><<<<999988884444////,,,,((((%%%%$$$$####
l ;q}
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)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) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled 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 AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }8}$
;
Luther Burbank Corp10Q
05/10/2018Income Statement
$
Three Months Ended March 31,~
~
Interest income:"
Interest and fees on loans
~
~
^]
7/Interest and dividends on investment securities~
z*~
Total interest income~
~
2wInterest expense:Interest on deposits~
r~
!Interest on FHLB advances~
RK~
.32*Interest on junior subordinated deferrable~
~
interest debenturesInterest on senior debt~
~
Total interest expense~
&~
0(Net interest income before provision for~
~
loan losses*"Provision for loan losses (Note 3)~
r~
/'Net interest income after provision for~
~
loan lossesNoninterest income:0(Increase in cash surrender value of life~
~
insurance!Net loss on sale of loans ?~
vD^l{ocw+2xv' ! " # $ % & ' ( ) * + ,  . / 0 1 2 3 4 5 6 7 8 9 : FHLB dividends ~
J ~
!Other income!~
!!!~
!! "Total noninterest income"~
"""~
"
"#Noninterest expense:####)$!Compensation and related benefits$~
$N$$~
$V$!%Deposit insurance premium%~
%%%~
%:%(& Professional and regulatory fees&~
&:&&~
&&' Occupancy'~
'B''~
'J'%(Depreciation and amortization(~
(*((~
(~()Data processing)~
)R))~
)Z)* Marketing*~
*V**~
**+Other expenses+~
+++~
+f+!,Total noninterest expense,~
,,,~
,,0(Income before provision for income taxes~
~
".Provision for income taxes.~
.>A..~
../
Net income/~
/z//~
//00000'1Basic earnings per common share11?111(\?1)2!Diluted earnings per common share22?222(\?223*Weighted average common shares outstanding3~
3e
33~
3z
34 basic25*Weighted average common shares outstanding5~
5J
55~
5z
56  diluted7$8____________________________19)Created by Morningstar Document Research.0:(http://documentresearch.morningstar.com/:6v>vKz=PF0*8X>
@2F::99885555333322221111////....,,,,++++****))))((((''''&&&&%%%%$$$$""""!!!!
l
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementShareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)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) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled 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 AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }a/}$
Luther Burbank Corp10Q
05/10/2018Income Statement
$
Three Months Ended March 31,~
~
Net income~
z~
*
"Other comprehensive (loss) income:
/'Unrealized (loss) gain on available for#sale investment securities:.&Unrealized holding (loss) gain arising~
~
during the period
Tax effect~
.
~
Net of tax~
~
2 +#Unrealized gain on cash flow hedge:.&Unrealized holding gain arising during~
~
the period
Tax effect~
2~
Net of tax~
~
/'Total other comprehensive (loss) income~
~
Comprehensive income~
>~
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/D l{ocwT0oy, =PF0*8X>
@
l *`
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)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) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled 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 AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }$4}}$
*
Luther Burbank Corp10Q
05/10/2018Shareholders' Equity
.
&Accumulated Other Comprehensive (Loss)
"
Total Stockholders' Equity
Income (Net of Taxes)Common StockRetained Earnings%Available for Sale SecuritiesCash Flow Hedge
Shares
Amount
"Balance, December 31, 2016~
z
~
Z#~
~
~
~
^Comprehensive income:
Net income ? ?~
? ?~
"Other comprehensive income ? ? ?
~
2 ~
~
( Cash dividends ($0.23 per share) ? ?~
f
? ?~
fBalance, March 31, 2017~
z
~
Z#~
~
~
~
~
J"Balance, December 31, 2017~
s
~
>~
@
~
~
~
ƍ!Comprehensive income:
Net income ? ?~
z
? ?~
z)!Other comprehensive (loss) income ? ? ?
~
~
~
2*Reclassification of prior year tax benefit ? ?~
~
~
v ?.&related to remeasuring deferred taxes0(on items recorded to other comprehensiveincome+#Issuance of restricted stock awards~
? ?
? ? ?%Vested restricted stock units~
? ?
? ? ?3+Shares withheld to pay taxes on stock based~
~
> ?
? ?~
>DBlwk_KEmoZ\ZHF !"#$%&'() compensation$!Restricted stock forfeitures~
!"!!~
!!! !?!
! !?!! !?!!~
!!(" Stockbased compensation expense "?""~
""" "?"
" "?"" "?""~
""(# Cash dividends ($0.11 per share) #?## #?##~
#N#
# #?## #?##~
#N#$Balance, March 31, 2018~
$~6
$$~
$N$$~
$Zt$
$~
$$$~
$.$$~
$^!$%&$'____________________________1()Created by Morningstar Document Research.0)(http://documentresearch.morningstar.com/=PF0*8X>
@\))((''$$$$ $$
$$$$#### ##
####"""" ""
""""!!!! !!
!!!!
l Dn
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders EquityEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)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) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled 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 AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }I;}$
D
Luther Burbank Corp10Q
05/10/2018
Cash Flows
$
Three Months Ended March 31,~
~
%Cash flows from operating activities:
Net income~
z
~
.&Adjustments to reconcile net income to2*net cash provided by operating activities:%Depreciation and amortization~
*~
~!Provision for loan losses~
r~
,$Increase in deferred loan costs, net~
~
.&Amortization of premiums on investment~
~
securities, net!Net loss on sale of loans ?~
+#Originations of loans held for sale ?~
1)Proceeds from sale of loans held for sale ?~
%Stock based compensation expense, net~
?of forfeitures/'Net increase in cash surrender value of~
.~
>life insuranceEffect of changes in:#Accrued interest receivable~
~
Accrued interest payable~
~
Other assets~
V~
>D
lui Lj,;Y\B !"#$%&'()*+,./0123456789:;<=>? Other liabilities~
~
z 1!)Net cash provided by operating activities~
!I!!~
!B!"%Cash flows from investing activities:"""6#.Proceeds from maturities or calls of available~
#G##~
#?#&$for sale investment securities1%)Proceeds from maturities or calls of held~
%%%~
%%)&!to maturity investment securities2'*Purchases of available for sale investment~
'\''~
'R'(
securities0)(Purchases of held to maturity investment~
))) )?)*
securities(+ Net increase in loans receivable~
+++~
+
4+#,Purchase of FHLB stock, net~
,Z,,~
,,*"Purchase of premises and equipment~
~
b.%Net cash used in investing activities~
...~
.2./%Cash flows from financing activities:///)0!Net increase in customer deposits~
0 00~
0F01%Proceeds from long term FHLB advances~
111~
11.2&Net change in short term FHLB advances~
2v422~
2263.Shares withheld for taxes on vested restricted~
3>33 3?3
4stock5Cash paid for dividends~
5N55~
5f516)Net cash provided by financing activities~
666~
66870(Decrease) increase in cash and cash equivalents~
777~
77/8'Cash and cash equivalents, beginning of~
888~
8"89period0:(Cash and cash equivalents, end of period~
:֊::~
::9;1Supplemental disclosure of cash flow information:;;;(< Cash paid during the period for:<<<=Interest~
=r==~
=.=>Income taxes~
>z>>
>$?>?D
l._5~=w
':IPK@ABC@$A____________________________1B)Created by Morningstar Document Research.0C(http://documentresearch.morningstar.com/<=PF0*8X>
@RJCCBBAA>>>>====::::88887777666655553333222211110000....,,,,++++))))''''%%%%####!!!!
l
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }:}$
Luther Burbank Corp10Q
05/10/2018"Earnings Per Share ("EPS")
$
Three Months Ended March 31,/'(Dollars in thousands, except per share~
~
amounts)
Net income
~
z
~
80Weighted average basic common shares outstanding~
e
~
z
0(Add: Dilutive effects of assumed vesting~
bo" ?of restricted stock.&Weighted average diluted common shares~
J
~
z
outstanding Income per common share:
Basic?(\?Diluted?(\?80Antidilutive shares not included in calculation ? ?%of diluted earnings per share$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/@' D}qeYF2nI}=PF0*8X>
@
l
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }7}$
Luther Burbank Corp10Q
05/10/2018Available for Sale
March 31, 2018Amortized CostGross Unrealized Gains Gross Unrealized Losses
Estimated Fair ValueDebt Securities:
&
Government Sponsored Entities:
"Mortgagebacked securities~
~
b~
"~
tAgency bonds~
VY~
v~
~
+#Collateralized mortgage obligations~
~
?~
SBA securities~
?~
~
"U.S. Treasury 10 year note~
?~
f~
.%CRA Qualified Investment Fund (CRAIX)~
?~
B~
³6.Total available for sale investment securities~
r!~
~
fc~
" $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/8
yma{\,)x=PF0*8X>
@"$
l M
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)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) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled 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 AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }7}$
Luther Burbank Corp10Q
05/10/2018Available for Sale
December 31, 2017Amortized CostGross Unrealized Gains Gross Unrealized Losses
Estimated Fair ValueDebt Securities:
&
Government Sponsored Entities:
"Mortgagebacked securities~
K~
~
~
^Agency bonds~
VY~
z~
~
'+#Collateralized mortgage obligations~
"~
~
~
SBA securities~
?~
~
"U.S. Treasury 10 year note~
?~
~
b%CRA Qualified Investment Fund (CRAIX)~
?~
6~
6.Total available for sale investment securities~
"~
~
~
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/8
ymaxY)%t=PF0*8X>
@"$
l K0
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)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) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled 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 AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }7}$
Luther Burbank Corp10Q
05/10/2018Available for Sale
March 31, 2018Less than 12 Months 12 Months or More
Total
Fair ValueUnrealized Losses
Fair Value
Unrealized Losses
Fair ValueUnrealized Losses
Debt Securities:
&Government Sponsored Entities:
"Mortgagebacked securities~
V~
~
~
j~
~
Agency bonds~
n~
*~
T~
~
>~
SBA securities ? ?~
~
~
~
"U.S. Treasury 10 year note ? ?~
.~
f~
.~
f%CRA Qualified Investment Fund (CRAIX)~
L~
~
g~
R~
³~
F6.Total available for sale investment securities~
~
~
2e~
~
1~
fc$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/8+
ymaA){}znF=PF0*8X>
@1
l H
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }7}$
Luther Burbank Corp10Q
05/10/2018Available for Sale
December 31, 2017Less than 12 Months 12 Months or More
Total
Fair ValueUnrealized Losses
Fair Value
Unrealized Losses
Fair ValueUnrealized Losses
Debt Securities:
&Government Sponsored Entities:
"Mortgagebacked securities~
n~
n~
!~
~
~
Agency bonds~
~
~
R^~
~
>~
+#Collateralized mortgage obligations~
~
?
?~
~
SBA securities ? ?~
~
~
~
"U.S. Treasury 10 year note ? ?~
b~
~
b~
%CRA Qualified Investment Fund (CRAIX)~
RM~
2~
fi~
~
~
66.Total available for sale investment securities~
F~
J~
~
^~
N~
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/:GymaA&xz~rf>=PF0*8X>
@7
l Z
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }U5}$
Luther Burbank Corp10Q
05/10/2018Held to Maturity
March 31, 2018Amortized Cost Gross Unrecognized Gains! Gross Unrecognized Losses
Estimated Fair ValueDebt securities:
&
Government Sponsored Entities:
"Mortgagebacked securities~
Һ~
~
~
ROther investments~
f ? ?~
f4,Total held to maturity investment securities~
6~
~
~
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0{oc}Z*=PF0*8X>
@
l k
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }U5}$
Luther Burbank Corp10Q
05/10/2018Held to Maturity
December 31, 2017Amortized Cost Gross Unrecognized Gains! Gross Unrecognized Losses
Estimated Fair ValueDebt securities:
&
Government Sponsored Entities:
"Mortgagebacked securities~
g~
&~
~
gOther investments~
v ? ?~
v4,Total held to maturity investment securities~
&l~
&~
~
6l$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0{oczW'=PF0*8X>
@
l 
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }$}$
Luther Burbank Corp10Q
05/10/2018Held to Maturity
March 31, 2018Less than 12 Months 12 Months or More
Total
Fair ValueUnrecognized Losses
Fair Value
Unrecognized Losses
Fair ValueUnrecognized Losses
Debt securities:
&Government Sponsored Entities:
"Mortgagebacked securities~
&w~
~
~
~
"~
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.{ocC%wyma9=PF0*8X>
@
l
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }$}$
Luther Burbank Corp10Q
05/10/2018Held to Maturity
December 31, 2017Less than 12 Months 12 Months or More
Total
Fair ValueUnrecognized Losses
Fair Value
Unrecognized Losses
Fair ValueUnrecognized Losses
Debt securities:
&Government Sponsored Entities:
"Mortgagebacked securities~
^~
~
V/~
~
?~
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.{ocC"tvj^6=PF0*8X>
@
l Ӟ
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }U5}$
Luther Burbank Corp10Q
05/10/2018Held to Maturity
March 31, 2018Amortized Cost
Fair Value1)Availableforsale investments securities
One to five years~
W
~
Five to ten years~
~
Beyond ten years~
J~
No maturity~
~
³+#Total availableforsale investment~
r!~
"
securities.&Heldtomaturity investment securities~
6~
beyond ten years4,Total heldtomaturity investment securities~
6~
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/:{oc<&`JD8,=PF0*8X>
@
l
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }}$
Luther Burbank Corp10Q
05/10/2018Held to Maturity
March 31,
December 31,~
~
Permanent mortgages on:
Multifamily residential~
Ļ
~
:<
!Single family residential~
~
zwCommercial real estate~
~
'Construction and land loans on:!Single family residential~
7~
6$NonMortgage (??NM??) loans:~
~
Total~
6QB~
1 Deferred loan costs, net~
~
!Allowance for loan losses~
R~
b&%Loans receivable held for investment,~
v%C~
1net$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/<j{ocC{eHrcW/=PF0*8X>
@
l !
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (7)Held to Maturity (8)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) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled 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 AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }0}$
!
Luther Burbank Corp10Q
05/10/2018Held to Maturity
Multifamily Residential
!
Single Family Residential
Commercial Real Estate
"
Land, NM, and Construction
Total)!Three months ended March 31, 2018"Allowance for loan losses:
0
(Beginning balance allocated to portfolio~
r"
~
R
~
~
~
segments!Provision for loan losses~
v~
~
~
f~
rChargeoffs ? ? ?
? ?
Recoveries ?~
~
j~
.~
%Ending balance allocated to portfolio~
5~
~
~~
Z~
segments)!Three months ended March 31, 2017"Allowance for loan losses:
0(Beginning balance allocated to portfolio~
~
~
~~
z~
Jsegments!Provision for loan losses~
~
~
~
~
Chargeoffs ? ? ?
? ?
Recoveries ?~
?~
f~
r%Ending balance allocated to portfolio~
6~
Ɲ~
z~
~
segments$____________________________1)Created by Morningstar Document Research.Dvl{ocsiB{W0jsg 0 (http://documentresearch.morningstar.com/H=PF0*8X>
@<
l Y
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (8)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) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled 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 AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }$4}$
Luther Burbank Corp10Q
05/10/2018Held to Maturity
March 31, 2018Multifamily Residential!Single Family Residential Commercial Real Estate"
Land, NM, and Construction
Total.&Ending allowance balance allocated to:
3
+Loans individually evaluated for impairment
$?
~
f
$?
$?
~
f
3+Loans collectively evaluated for impairment~
5~
~
~~
Z~
NEnding balance~
5~
~
~~
Z~
Loans:
.&Ending balance: individually evaluated~
r~
$?
$?~
for impairment.&Ending balance: collectively evaluated~
~
v~
~
9~
:Afor impairmentEnding balance~
Ļ~
~
~
9~
6QB$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/:{ocsMp4=PF0*8X>
@:'
l "
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)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) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled 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 AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }$4}$
Luther Burbank Corp10Q
05/10/2018Held to Maturity
December 31, 2017Multifamily Residential!Single Family Residential Commercial Real Estate"
Land, NM, and Construction
Total.&Ending allowance balance allocated to:
3
+Loans individually evaluated for impairment
$?
~
f
$?
$?
~
f
3+Loans collectively evaluated for impairment~
r"~
~
~
~
>Ending balance~
r"~
R~
~
~
Loans:
.&Ending balance: individually evaluated~
#~
~~
B
$?~
ֹfor impairment.&Ending balance: collectively evaluated~
"~
.v~
r~
~
^0for impairmentEnding balance~
:<~
zw~
~
~
1$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/:{ocsJm1=PF0*8X>
@:'
l r
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)
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) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled 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 AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }}$
Luther Burbank Corp10Q
05/10/2018Loss
March 31, 2018Multifamily Residential!Single Family Residential Commercial Real Estate!
Land, NM and Construction
TotalGrade:
Pass~
Z
~
{
~
e
~
.
~
=
Watch~
Z~
~
3
?~
Z$Special mention~
Y~
] ?~
~
Substandard~
vn~
U~
>
?~
^
Total~
Ļ~
~
~
9~
6QB$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/2Q {oY}={$=PF0*8X>
@"
l
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)Loss
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }}$
Luther Burbank Corp10Q
05/10/2018Loss
December 31, 2017Multifamily Residential!Single Family Residential Commercial Real Estate!
Land, NM and Construction
TotalGrade:
Pass~
ϭ
~
mu
~
~
~
*B,
Watch~
*~
J;~
nC
?~
Special mention~
f~
?
?~
Substandard~
y~
~D~
?~
Total~
:<~
zw~
~
~
1$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/2S {oVz:x"
=PF0*8X>
@"
l 0
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)Loss
Loss (1)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }}$
Luther Burbank Corp10Q
05/10/2018Loss
March 31, 201830 Days60 Days 90+ Days
NonaccrualCurrent
TotalLoans:
Multifamily residential
$?
$?
$?
~
r
~
~
Ļ
!Single family residential~
f, ? ?~
VT~
J+~
Commercial real estate ?~
?
?~
6~
"Land, NM, and construction ? ? ?
?~
9~
9
Total~
f,~
$?~
l~
.A~
6QB$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/2o
{oO)l=PF0*8X>
@B(
l 8E
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)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) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled 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 AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }}$
Luther Burbank Corp10Q
05/10/2018Loss
December 31, 201730 Days60 Days 90+ Days
NonaccrualCurrent
TotalLoans:
Multifamily residential~
*
$?
$?
~
#
~
&
~
:<
!Single family residential~
L~
4 ?~
@~
fv~
zwCommercial real estate ? ? ?~
B
~
r~
"Land, NM, and construction ? ? ?
?~
~
Total~
w~
4
$?~
m~
/~
1$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/2s
{oO&i=PF0*8X>
@B(
l `
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)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) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled 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 AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }*}$
Luther Burbank Corp10Q
05/10/2018Loss
As of March 31, 2018
As of December 31, 2017Recorded Investment Unpaid Principal Balance Related Allowance
Recorded Investment Unpaid Principal BalanceRelated Allowance+#With no related allowance recorded:
Multifamily residential~
r
~
Z
$?
~
#
~
'
$?
!Single family residential~
~
B ?~
v}~
?Commercial real estate ? ? ?~
B
~
z ?~
~
?~
Ϊ~
?#With an allowance recorded:
!Single family residential~
~
~
f~
~
~
f~
~
~
f~
~
~
fTotal:
Multifamily residential~
r~
Z ?~
#~
' ?!Single family residential~
~
*~
f~
~~
~
fCommercial real estate ? ? ?~
B
~
z ?~
~
~
f~
ֹ~
~
f$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/@D{oO9>CMkIPS]yma9=PF0*8X>
@:G
l _}
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled 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 AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }*}$
Luther Burbank Corp10Q
05/10/2018Loss
$
Three Months Ended March 31,~
~
#Average Recorded InvestmentInterest Income Cash Basis Interest#
Average Recorded InvestmentInterest IncomeCash Basis Interest+
#With no related allowance recorded:
Multifamily residential~
Z
$?
$?~
$?
$?!Single family residential~
~
?~
Fc~
?Commercial real estate~
? ?~
? ?~
~
?~
~
?#With an allowance recorded:
!Single family residential~
~
F ?~
v~
" ?~
~
F ?~
v~
" ?Total:
Multifamily residential~
Z ? ?~
? ?!Single family residential~
n~
?~
r~
?Commercial real estate~
? ?~
? ?~
b~
$?~
~
$?$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/BX{oO*/4>\>GLVrfZ2=PF0*8X>
@BH
l
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled 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 AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }}$
Luther Burbank Corp10Q
05/10/2018Loss
March 31,
December 31,~
~
%Troubled Debt Restructurings:
Multifamily residential
$?
~
n
!Single family residential~
jW~
VX%Total recorded investment in troubled~
jW~
bdebt restructurings$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.P{oI=PF0*8X>
@j
l
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled 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 AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }a/}$
Luther Burbank Corp10Q
05/10/2018Loss
March 31,
December 31,~
~
Nonaccrual loans:
Multifamily residential~
r
~
#
!Single family residential~
VT~
@Commercial real estate ?~
B
Total nonaccrual loans~
l~
mReal estate owned ? ?"Total nonperforming assets~
l~
m/'Contractual interest not accrued during~
2~
*the quarter$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/6{oT+m}qI=PF0*8X>
@
l Ů
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }0}$
Luther Burbank Corp10Q
05/10/2018Loss
March 31,
December 31,~
~
$Mortgage loans serviced for:
FHLMC~
/%
~
&.&
Colorado Federal Savings~
q~
t%First National Bank of Alaska~
v~
J3Provident Bank~
>~
E"Pacific Coast Bankers Bank~
r8~
B:American River Bank~
N1~
C
Exchange Bank~
~
;0(Total mortgage loans serviced for others~
:}.~
/$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/8q{oJ,l
@4(=PF0*8X>
@
l
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled 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 AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }y<}$
Luther Burbank Corp10Q
05/10/2018Loss
$
Three Months Ended March 31,~
~
Beginning Balance~
~B~
.
Additions
?
~
N
Disposals ? ?:2Change in fair value due to changes in assumptions ? ?#Other changes in fair value~
~
Ending balance~
r@~
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/2{{o[`=PF0*8X>
@
l
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (11) Loss (12) Loss (13) Loss (14) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }}$
Luther Burbank Corp10Q
05/10/2018Loss
March 31,
December 31,~
~
Certificate accounts~
g~
Money market savings~
FU
~
T
NOW accounts~
~~
^fMoney market checking~
~
F1Commercial checking~
~
~
~
*$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/2{o6~rfZ2=PF0*8X>
@
l
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (12) Loss (13) Loss (14) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }y#}$
Luther Burbank Corp10Q
05/10/2018Loss #
April 1  December 31, 2018~
ޖY
%Year ending December 31, 2019~
/"%Year ending December 31, 2020~
*%
Year ending December 31, 2021~
(
%Year ending December 31, 2022~
*+
Thereafter~
K~
g$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0{o?x5\=PF0*8X>
@R
l n
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (13) Loss (14) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }6}$
Luther Burbank Corp10Q
05/10/2018Loss
March 31,
December 31,~
~
.&FHLB fixed rate shortterm borrowings,~
S~
B4
,interest rates from 1.78% to 1.94%, weighted1)average rate of 1.90%, and maturity dates3+of April and June 2018 as of March 31, 2018%FHLB fixed rate longterm borrowings,~
4 ~
24,interest rates from 1.55% to 7.69%, weighted5average rate of 2.09%, maturity dates between1)July 2018 and August 2032 as of March 31,~
0(FHLB variable rate longterm borrowings,~
' ~
' 4,interest rates from 1.68% to 1.89%, weighted1)average rate of 1.82%, and maturity dates0(between July 2018 and January 2020 as ofMarch 31, 2018~
&F~
2a<$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/DIl{o$i[zF,=PF0*8X>
@z
l v
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)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 (14) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled 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 AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }y#}$
Luther Burbank Corp10Q
05/10/2018Loss #
April 1  December 31, 2018~
h
%Year ending December 31, 2019~
%Year ending December 31, 2020~
' %
Year ending December 31, 2021~
"1
%Year ending December 31, 2022 ?
Thereafter~
%~
&F$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0{o?x5]=PF0*8X>
@R
l
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }<(}$ }m}$ }}
$ }m
Luther Burbank Corp10Q
05/10/2018Loss
Issuer
Issuance Date
"
Amount of Trust Securities
Amount of Notes
Redemption Date
Maturity Date( Luther Burbank Statutory Trust I
March 2006~
q~
Z
June 15, 2011
June 15, 20361)Quarterly adjustments  three month Libor
plus 1.38%7/(3.505% and 2.968% at 3/31/2018 and 12/31/2017,
respectively))!Luther Burbank Statutory Trust II
March 2007~
8~
.B
June 15, 2012
June 15, 20371)Quarterly adjustments  three month Libor
plus 1.62%7/(3.745% and 3.208% at 3/31/2018 and 12/31/2017,
respectively)$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/8{ou\wB,=PF0*8X>
@
l
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)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) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled 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 AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }$4}$
Luther Burbank Corp10Q
05/10/2018Loss
March 31, 2018
December 31, 2017 Principal'Unamortized debt issuance costs Principal'
Unamortized debt issuance costs3+Senior unsecured term notes, fixed interest~
b~
~
b~
1
)rate 6.50%, does not amortize and matures0(on September 30, 2024 (discount is basedKCon imputed interest rate of 6.70%) ____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/(T{o`5=PF0*8X>
@j
l *
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)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) Loss (15) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled 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 AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }*}$
Luther Burbank Corp10Q
05/10/2018Loss
$
Three months ended March 31,~
~
)!Statutory U.S. Federal Income Tax~
"2~
E+
#Increase (decrease) resulting from:
'Benefit of S Corporation status ?~
rState Taxes~
~
Other~
?"Provision for income taxes~
>A~
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/2{o:}&pdX0=PF0*8X>
@
l H
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14) Loss (15) Loss (16) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }}$ }
}$} $ }
}$}$ } }$}$ }}
Luther Burbank Corp10Q
05/10/2018Loss
Actual
Minimum Regulatory

%Minimum Capital Adequacy with Capital
1
)Minimum Regulatory Requirement for "WellRequirement
Buffer%Capitalized" Institution under prompt
corrective action
provisionsAmount
RatioAmount
Ratio
Amount
RatioAmount
Ratio"Luther Burbank Corporation
As of March 31, 2018
Tier 1 Leverage Ratio~
&%p=
#%@ %~
2 ~
%
N/AN/AN/AN/A%Common Equity Tier 1 RiskBased Ratio~
"/@ %~
@ %~
b
Q@ %N/AN/A'Tier 1 RiskBased Capital Ratio~
&%QE1@ %~
N!
~
%~
;Q@ %N/AN/A&Total RiskBased Capital Ratio~
'Q82@ %~
~
" %~
"(\#@ %N/AN/AAs of December 31, 2017
Tier 1 Leverage Ratio~
%Q&@ %~
V
~
%
N/AN/AN/AN/A%Common Equity Tier 1 RiskBased Ratio~
!0@ %~
w
@ %~
@ %N/AN/A'Tier 1 RiskBased Capital Ratio~
%ףp=
1@ %~
f ~
%~
@@ %N/AN/A&Total RiskBased Capital Ratio~
'Hz2@ %~
~
" %~
u"@ %N/AN/A$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/BrX{os0c=PF0*8X>
@R*
l g
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14) Loss (15) Loss (16) Loss (17) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }}$ }
}$} $ }
}$}$ } }$}$ } }$
Luther Burbank Corp10Q
05/10/2018Loss
Actual
Minimum Regulatory

%Minimum Capital Adequacy with Capital
1
)Minimum Regulatory Requirement for "WellRequirement
Buffer%Capitalized" Institution under prompt
corrective action
provisionsAmount
RatioAmount
Ratio
Amount
RatioAmount
RatioLuther Burbank Savings
As of March 31, 2018
Tier 1 Leverage Ratio~
ڂ*'@ %~
~
%
N/AN/A~
l~
%%Common Equity Tier 1 RiskBased Ratio~
ڂ*q=
ףp3@ %~
&
@ %~
Q@ %~
6@ %'Tier 1 RiskBased Capital Ratio~
ڂ*q=
ףp3@ %~
~
%~
~8Q@ %~
z~~
" %&Total RiskBased Capital Ratio~
,p=
c4@ %~
z~ ~
" %~
(\#@ %~
~
* %As of December 31, 2017
Tier 1 Leverage Ratio~
)Gz)@ %~
fW
~
%
N/AN/A~
B~
%%Common Equity Tier 1 RiskBased Ratio~
)fffff3@ %~
u
@ %~
:@ %~
Ω
@ %'Tier 1 RiskBased Capital Ratio~
)fffff3@ %~
~
%~
f=@ %~
~
" %&Total RiskBased Capital Ratio~
V+ףp=
4@ %~
~
" %~
q"@ %~
>~
* %$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/BRX{oOfk@oQ=PF0*8X>
@4
l 6x
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14) Loss (15) Loss (16) Loss (17) Loss (18) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }0.}$ }$}$ }$
Luther Burbank Corp10Q
05/10/2018Loss
March 31,
December 31,~
~
Notional amounts~
~
.
&Weighted average rate on FHLB advances
{Gz?
%
Q?
%!Weighted average cap rateffffff@ %ffffff@ %*"Weighted average original maturity 4.0 years 4.0 years+#Weighted average remaining maturity 0.6 years 0.9 yearsUnrealized losses~
j~
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/2{o:OV=PF0*8X>
@
l F
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }%}$ }y}$
Luther Burbank Corp10Q
05/10/2018Loss

%Restricted Stock and Restricted Stock
.
&Weighted Average Grant Date Fair ValueUnits Outstanding'Beginning of the period balance~
RP%@
Shares granted
~
ףp=)@
Shares settled~
%@Shares forfeited~
"%@!End of the period balance~
v:UzG%@$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0{op/2D=PF0*8X>
@Z
l "tM
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }a/}$
"
Luther Burbank Corp10Q
05/10/2018+#Fair Value of Financial Instruments
March 31, 2018% Fair Level Measurements UsingCarrying Amount
Fair Value Level 1
Level 2Level 3
Financial assets:
!Cash and cash equivalents~
֊~
֊~
֊
$?
$?Investment securities:
Available for sale~
" ~
" ?~
" ?Held to maturity~
6~
?~
?Loans receivable, net~
v%C~
C ?
?~
C#Accrued interest receivable~
&~
&~
*~
v~
$Federal Home Loan Bank stock~
N/A N/A
N/AN/A!Interest Rate Cap Premium~
*~
* ?~
* ?Financial liabilities:
Customer deposits~
~
~
h~
$?
FHLB advances~
&F~
rF ?~
rF ?/'Junior subordinated deferrable interest~
~
?~
?
debenturesSenior debt~
ο~
N' ?~
N' ? Accrued interest payable~
f$~
f$ ?~
f$ ?$____________________________D0lth\P`:/AsJ$A+d !1 )Created by Morningstar Document Research.0!(http://documentresearch.morningstar.com/=PF0*8X>
@2F!!
l ".
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)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) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled 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 AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }a/}$
"
Luther Burbank Corp10Q
05/10/2018+#Fair Value of Financial Instruments
December 31, 2017% Fair Level Measurements UsingCarrying Amount
Fair Value Level 1
Level 2Level 3
Financial assets:
!Cash and cash equivalents~
~
~
$?
$?Investment securities:
Available for sale~
~
?~
?Held to maturity~
&l~
6l ?~
6l ?Loans receivable, net~
1~
2 ?
?~
2#Accrued interest receivable~
~
~
n~
~
$Federal Home Loan Bank stock~
VN/A N/A
N/AN/A!Interest rate cap premium~
~
?~
?Financial liabilities:
Customer deposits~
*~
"~
2Hh~
چ
$?
FHLB advances~
2a<~
&j< ?~
&j< ?/'Junior subordinated deferrable interest~
~
?~
?
debenturesSenior debt~
F~
` ?~
` ? Accrued interest payable~
~
?~
?$____________________________D3lth\P`7,>pG!>(a !1 )Created by Morningstar Document Research.0!(http://documentresearch.morningstar.com/=PF0*8X>
@2F!!
l
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)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) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled 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 AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }1}$
Luther Burbank Corp10Q
05/10/20185Assets and Liabilities Recorded at Fair Value
March 31, 2018Description
Fair ValueLevel 1 Level 2
Level 3Financial Assets:
1
)Available for sale investment securities:
&Government Sponsored Entities:
"Mortgagebacked securities~
t
$?~
t
$?Agency bonds~
?~
?+#Collateralized mortgage obligations~
?~
?SBA securities~
?~
?"U.S. Treasury 10 year note~
. ?~
.
?%CRA Qualified Investment Fund (CRAIX)~
³ ?~
³
?%Total investment securities available~
" ?~
"
?for sale!Interest rate cap premium~
*
$?~
*
$?$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/>+0vj^RF`e^
QBs=PF0*8X>
@B(
l
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)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) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled 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 AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }1}$
Luther Burbank Corp10Q
05/10/20185Assets and Liabilities Recorded at Fair Value
December 31, 2017Description
Fair ValueLevel 1 Level 2
Level 3Financial Assets:
1
)Available for sale investment securities:
&Government Sponsored Entities:
"Mortgagebacked securities~
^
$?~
^
$?Agency bonds~
' ?~
'
?+#Collateralized mortgage obligations~
?~
?SBA securities~
?~
?"U.S. Treasury 10 year note~
b ?~
b
?%CRA Qualified Investment Fund (CRAIX)~
?~
?%Total investment securities available~
$?~
$?for sale!Interest rate cap premium~
$?~
$?$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/>00vj^RF]b[N?n}=PF0*8X>
@B(
l
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)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) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled 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 AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }0}$
Luther Burbank Corp10Q
05/10/20185Assets and Liabilities Recorded at Fair Value
December 31, 2017Description
Fair ValueLevel 1 Level 2
Level 32*Total Gain (Loss) or (Valuation Allowance)!Single family residential~
$?
$?~
~
0
(Total assets measured at fair value on a~
$?
$?
~
~
nonrecurring basis$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/*hvj^RFVayQ=PF0*8X>
@
l U
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)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) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled 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 AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }}$
Luther Burbank Corp10Q
05/10/2018'Multifamily loan securitization
$
Three Months Ended March 31,(In thousands)~
~
Proceeds from loan sales
$?~
Servicing fees
~
^
~
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/*hxl`TZxlD=PF0*8X>
@R
l
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitizationOperating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }}$
Luther Burbank Corp10Q
05/10/2018'Multifamily loan securitization
!
Single Family Residential
Multifamily ResidentialMarch 31, 2018"Principal balance of loans~
z~
º,
Loans 90+ days past due
?
?
Chargeoffs, net ? ?December 31, 2017"Principal balance of loans~
2~
.Loans 90+ days past due ? ?Chargeoffs, net ? ?$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4xl`TV5=PF0*8X>
@
l )
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)NonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }y#}$
Luther Burbank Corp10Q
05/10/2018Operating Leases #
April 1  December 31, 2018~
>
%Year ending December 31, 2019~
O%Year ending December 31, 2020~
.:%
Year ending December 31, 2021~
3
%Year ending December 31, 2022~
%
Thereafter~
"~
>$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0{oc3l)xP=PF0*8X>
@R
l Av@PP
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating Leases!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }I;}$ }$}$ }$} $ }$
A
Luther Burbank Corp10Q
05/10/2018#NonGAAP Financial Measures
+
#As of or For the Three Months Ended(Dollars in thousands)March 31, 2018March 31, 2017
December 31, 2017Tangible book value
Total assets
~
Gp
~
I
~
*\
Less: Goodwill~
~~
~ ~
~Less: Total liabilities~
ބ~
~ ~
bTangible book value~
ژ!~
ʫ ~
BZ!
*"Pro forma provision for income tax
&Net income before income taxes~
~
~
2*Total effective actual/ pro forma tax rate~
n %~
% ~
%.&Actual/ pro forma provision for income~
>A~
zS ~
_
taxes
Pro forma net income
&Net income before income taxes~
~
~
.&Actual/ pro forma provision for income~
>A~
zS ~
_
taxes$Actual/ pro forma net income~
z~
Js ~
+#Pro forma ratios and per share data
/'Annualized actual/ pro forma net income~
~
~
nD"lpdXuwa;q*u!yhz
!
"
#
$
%
&
'
(
)
*
+
,

.
/
0
1
2
3
4
5
6
7
8
9
:
;
<
=
>
?
(numerator)!!!!!! !
$"Average assets (denominator)"~
"d""~
"j;"" ~
"
SM"2#*Actual/ pro forma return on average assets##RQ? #%##=
ףp=? #%# #
ףp=
? #%$$$$$$ $
2%*Average stockholders' equity (denominator)%~
%!%%~
%%% ~
%
%9&1Actual/ pro forma return on average stockholders'&&Q@ &%&&ףp=
@ &%& &
(\@ &%'equity(((((( (
)))))) )
0*(Actual/ pro forma net income (numerator)*~
*z**~
*Js** ~
*
*++++++ +
,%Weighted average shares outstanding ,~
,e
,,~
,z
,, ~
,
R
,basic (denominator)/.'Actual/ pro forma net income per common..?...
ףp=
?.. .
RQ?./share?basic000000 0
1%Weighted average shares outstanding 1~
1J
11~
1z
11 ~
1
X
12diluted (denominator)/3'Actual/ pro forma net income per common33?333
ףp=
?33 3
ףp=
?34
share?diluted555555 5
6Efficiency ratio66666 6
'7Noninterest expense (numerator)7~
777~
777 ~
7
7 8 Net interest income8~
888~
888 ~
8
89 Noninterest income9~
999~
9
99 ~
9
Z9':Operating revenue (denominator):~
:
::~
:R:: ~
:
:;Efficiency ratio;;\(\G@ ;%;;(\J@ ;%; ;
zGF@ ;%<=$>____________________________1?)Created by Morningstar Document Research.DElDHx$*3cLU4jM@
0@(http://documentresearch.morningstar.com/H=PF0*8X>
@R@@??>>;;;;;;
::::::
999999
888888
777777
333333
111111
......
,,,,,,
******
&&&&&&
%%%%%%
######
""""""
l c
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)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) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!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)Troubled 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 AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }}$}$ } }$} } $}
}$} }
$
Luther Burbank Corp10Q
05/10/2018.&Multifamily Securitization Transaction
Loan Type
Number of Mortgage Loans
Principal Balance (1)(2)+
#Percentage of Mortgage Pool Balance*
"Weighted Average Mortgage Rate (2)
Loan to Value Ratio (2)'
Debt Service Coverage Ratio (2)PostReset Hybrid Loans~
~
333333@ %HzG
@ %
J@ %Gz?
"PreReset Hybrid Loans (3)~
~
2^P@Q@
K@Q?
"
PreReset Hybrid Loans (4)~
~
A
~
N
Gz@
@G@
333333?
Total~
~
26&~
%@ %
LJ@ %\(\?
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/,}qeYM+ocW/=PF0*8X>
@j
l .ކ
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)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) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled 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 AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }2}
$ } }$}
$ } }$
.
Luther Burbank Corp10Q
05/10/2018@8Average balance sheet, interest and yield/rate analysis.
,
$For the Three Months Ended March 31,~
~
(Dollars in thousands)Average BalanceInterest Inc / Exp
Average Yield/Rate
Average BalanceInterest Inc / ExpAverage Yield/Rate
InterestEarning Assets
Multifamily residential~
~
j
(\
@ %
~
P~
o@ %!Single family residential~
ƣz~
@ %
~
k~
(\ @ %
Commercial~
,~
Q@ %
~
f~
B(\@ %!Construction, land and NM~
NX~
RQ@ %
~
:H~
~Gz@ %Total Loans (1)~
D;~
zG@ %
~
q~
^]
ףp=
@ %%Securities availableforsale~
^~
>%
Q? %
~
~
p=
ף? %'Securities heldtomaturity (2)~
¤~
f
ףp=
@ %
~
rt~
\(\ @ %!Cash and cash equivalents~
fF~
ffffff? %
~
U~
\(\? %%Total interestearning assets~
Z`~
\(\@ %
~
~8~
2wHzG @ %&Noninterestearning assets (3)~
f
~
Total assets~
d
~
j;
$InterestBearing Liabilities
Transaction accounts (4)~
~
^
ףp=
? %
~
B~
z(\? %$Money market demand accounts~
z\~
3
)\(? %
~
fS^~
RQ? %
Time deposits~
؊~
N
ףp=
? %
~
Bh~
NzG? % Total deposits~
~
r
ףp=
? %
~
~
Q? %
FHLB advances~
PA~
RK
? %
~
7B~
.3\(\? %Dlk_SG;{W{\L4pR0 !"#$%&'()*+, Senior debt ~
v ~
@ %
~
V ~
ףp=
@ %&!Junior subordinated debentures!!~
!!!~
!! !
!333333 @ !%!
~
!!!~
!!!!Gz@ !%*""Total interestbearing liabilities""~
"i?""~
"&" "
"
ףp=
? "%"
~
"^^""~
""""ffffff? "%'#Noninterestbearing liabilities##~
#Η####
##
~
#bS#####"$Total stockholders' equity$$~
$!$$$$
$$
~
$$$$$$2%*Total liabilities and stockholders' equity%%~
%d%%%%
%%
~
%j;%%%%%&&&&&&&
&&
&&&&&'Net interest spread (5)''''''
'Gz? '%'
'''''Gz@ '%&(Net interest income/margin (6)((((~
(( (
(zG@ (%(
((~
((((@ (%)*$+____________________________1,)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/ b
Lg_SG=PF0*8X>
@\,,++((((%%%%$$$$####""""""""!!!!!!!!
l +s
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)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) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest Noninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled 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 AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }m)}$
+
Luther Burbank Corp10Q
05/10/2018;3Interest rates and operating interest differential.
$
Three Months Ended March 31,2018 vs 2017Variance Due To
Yield/
(Dollars in thousands)VolumeRate
TotalInterestEarning Assets Multifamily residential~
&~
~
bE!Single family residential~
~
~
*
Commercial~
~
~
!Construction, land and NM~
*~
~
6Total Loans~
R~
Z'~
2z%Securities availableforsale~
~
~
~
Z#Securities heldtomaturity~
j~
~
z!Cash and cash equivalents~
~
~
%Total interestearning assets~
W~
3~
֊ $InterestBearing Liabilities Transaction accounts~
~
b~
$Money market demand accounts~
~
R~
.
Time deposits~
~
b~
z1Total deposits~
z~
~
8
FHLB advances~
J~
~
&Du
lpdXL@X1vcI
!"#$%&'()* Senior debt~
~
? &!Junior subordinated debentures !?!!~
!!!~
! !*""Total interestbearing liabilities~
"""~
"6""~
" ZR"###### $Net Interest Income$$$$$ %Net Interest Income~
%N;%%~
%2%%~
% ~8%&'$(____________________________1))Created by Morningstar Document Research.0*(http://documentresearch.morningstar.com/La9!=PF0*8X>
@@**))((%%%%%%
""""""
!!!!!!
l
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }$}$ }
}$
Luther Burbank Corp10Q
05/10/2018Noninterest Income
,
$For the Three Months Ended March 31,(Dollars in thousands)~
~
$ Increase (Decrease)
% Increase (Decrease)Noninterest Income
FHLB stock dividends~
J
~
~
f
%
Fee income~
~
F~
ffffff %Loss on sale of loans ?~
v~
~
r %&Earnings on CSV life insurance~
~
~
ffffff @ %
Other~
~
j~
~
Z % Total noninterest income~
~
~
>
3333330@ %$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4A ymaq[VH<0=PF0*8X>
@
l
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeLoan Portfolio Composition Loan Portfolio Composition (1)Troubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }<(}$ }
}$
Luther Burbank Corp10Q
05/10/2018Noninterest Expense
,
$For the Three Months Ended March 31,(Dollars in thousands)~
~
$ Increase (Decrease)
% Increase (Decrease)Noninterest Expense
)
!Compensation and related benefits~
N
~
V
~
%!Deposit insurance premium~
~
:~
!@ % Occupancy~
B~
J~
ɿ %%Depreciation and amortization~
*~
~~
333333 %( Professional and regulatory fees~
:~
~
V
fffff\@ % Marketing~
V~
~
~
N %Data processing~
R~
Z~
333333ӿ % Operating~
~
>~
%
Other~
~
*~
j
33333Sr %!Total noninterest expense~
~
~
*
? %$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/<]xl`pY?&z2pd<=PF0*8X>
@2&
l 
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest Expense Loan Portfolio Composition (1)Troubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }}$ } }$}$ }
}$
Luther Burbank Corp10Q
05/10/2018"Loan Portfolio Composition
As of March 31, 2018
As of December 31, 2017(Dollars in thousands)Amount% of total loans Amount
% of total loans%Real estate loans heldforinvestment
Multifamily residential
~
Ļ
M@
%
~
:<
L@
%!Single family residential~
YC@ %~
zw
C@ %Other:
Commercial real estate~
333333@ %~
ffffff@ %Construction and land~
7ffffff? %~
6
? %Nonmortgage~
? %~
? %'Total loans heldforinvestment~
6QB~
%~
1~
%'Unamortized Deferred Loan Costs~
~
Total loans~
&E~
.3
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/:}qeY>:s=z^=PF0*8X>
@
l )3
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio CompositionTroubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }}$
)
Luther Burbank Corp10Q
05/10/2018"Loan Portfolio Composition
$
Three Months Ended March 31,(Dollars In thousands)~
~
Loan Inflows:
Loans originated:
Multifamily residential~
~
!Single family residential~
B#
~
Commercial real estate~
D~
Construction and land ?~
Nonmortgage~
?%Mortgage banking originations ?~
Total loans originated~
v*~
z#Loan Outflows:Portfolio loan sales ? ?#Mortgage banking loan sales ?~
2~%Loan principal reductions and payoffs~
.~
 Other (1)~
Zo~
Total loan outflows~
8~
,$Net increase in total loan portfolio~
b~
Rc4,(1) Other changes in loan balances primarilyD
l}qeY{>5sR" Z[ !"#$%&'(1 )represent the net change in disbursements/!'on unfunded commitments and may include."&foreclosures, chargeoffs and negative#
amortization.$%$&____________________________1')Created by Morningstar Document Research.0((http://documentresearch.morningstar.com/fMA5
=PF0*8X>
@*%((''&&##""!!
l !L
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)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) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Allowance 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 AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }0}$ }$}$ } $
!
Luther Burbank Corp10Q
05/10/2018#Troubled debt restructures.
March 31,
December 31,(Dollars in thousands)~
~
Nonaccrual loans.
& Multifamily residential portfolio
~
r
~
#
0( Single family residential portfolio~
VT~
@ # Commercial real estate ?~
B
" Construction and land ? ? Nonmortgage ? ? Total nonaccrual loans~
l~
m Real estate owned ? ? "Total nonperforming assets~
l~
m 0(Troubled debt restructurings (performing~
:K~
K  not included above)/'Allowance for loan losses to period endQ@ %z@ %nonperforming loans/'Nonperforming loans to period end loansp=
ף? %Q? %,$Nonperforming assets to total assetsQ? %Q? %0(Nonperforming loans plus performing TDRs)\(? %Q? %to total loans$____________________________1)Created by Morningstar Document Research.DHlpdX!>4EWM,xQ
0 (http://documentresearch.morningstar.com/H=PF0*8X>
@
!
l (d3G6
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled debt restructuresInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }2}$ }$}$ } $
(
Luther Burbank Corp10Q
05/10/2018"Allowance for loan losses.
$
Three Months Ended March 31,(Dollars in thousands)~
~
!Loans heldforinvestment~
6QB~
Z= .
&Allowance for loan losses at beginning
~
~
J
of periodChargeoffs:$ Multifamily residential ? ? & Single family residential ? ? # Commercial real estate ? ? " Construction and land ? ? Nonmortgage ? ? # Total chargeoffs ? ? Recoveries:$ Multifamily residential ? ? & Single family residential~
~
# Commercial real estate~
j ? " Construction and land~
.~
f Nonmortgage ? ? " Total recoveries~
~
r Net recoveries~
~
r !Provision for loan losses~
r~
/'Allowance for loan losses at period end~
~
D^
l}qeY3,EHY*
!
"
#
$
%
&
'
/ 'Allowance for loan losses to period end 333333? % Q? %!!loans heldforinvestment2"*Annualized net recoveries to average loans"""{Gz? "%""{Gz? " %#$$%____________________________1&)Created by Morningstar Document Research.0'(http://documentresearch.morningstar.com/kFn=PF0*8X>
@b,'' && %% """"
l #OP
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)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) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled debt restructuresAllowance for loan losses
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }}$ }
}$}
$ }
}$
#
Luther Burbank Corp10Q
05/10/2018Investment Portfolio
(Dollars in thousands)
March 31, 2018
December 31, 2017
Book Value
% of Total
Book Value
% of TotalAvailableforsale:
(At fair value)
&Government Sponsored Entities:"Mortgagebacked securities~
t)\O@ %~
^
ףp=N@ %Agency bonds~
)\(5@ %~
'
{G6@ %+#Collateralized mortgage obligations~
ףp=
W @ %~
{Gz"@ %SBA securities~
zG@ %~
zG@ %%CRA Qualified Investment Fund (CRAIX)~
³Q@ %~
RQ@ %"U.S. Treasury 10 year note~
.
ףp=
? %~
b
RQ? % Total availableforsale~
" RqX@ %~
)\X@ %Heldtomaturity:(At amortized cost)&Government Sponsored Entities:"Mortgagebacked securities~
Һ\(\@ %~
g
? %Other investments~
f? %~
v
Q? %Total heldtomaturity~
6(\@ %~
&l
(\? %#Total investment securities~
V!~
%~
$
~
%Dlwk_RoH0~@=
!
"
$ ____________________________1!)Created by Morningstar Document Research.0"(http://documentresearch.morningstar.com/
(=PF0*8X>
@""!!
l 4e
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)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) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled debt restructuresAllowance for loan lossesInvestment PortfolioDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }I"}$ } }$}$ }U} $}
$ } }$}$ }U}$
Luther Burbank Corp10Q
05/10/2018Deposits
Three Months EndedMarch 31, 2018
March 31, 2017(Dollars in thousands)Average Amount"Weighted average rate paid!Percent of total deposits
Average Amount"Weighted average rate paid!Percent of total deposits
Transaction accounts (1)~
ףp=
?
%
ffffff@
%
~
B
(\?
%
@
%$Money market demand accounts~
z\)\(? %B@ %
~
fS^
RQ? %LF@ %
Time deposits~
؊
ףp=
? %ffffffL@ %
~
Bh
zG? %H@ %~
ףp=
? %~
%
~
Q? %~
%%(1) Transaction accounts include both1)interest bearing and noninterest bearing deposits.$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/6T
wk{Q^I=1 =PF0*8X>
@
l u
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled debt restructuresAllowance for loan lossesInvestment Portfolio
Deposits!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }0}$ }$}$ }$
Luther Burbank Corp10Q
05/10/2018Deposits 0
((in thousands except for column headings
Under $100,000
$100,000 and greaterand percentages)Remaining maturity:
Three months or less
~
ʝ
~
9*
%Over three through six months~
U~
&Over six through twelve months~
2~
."Over twelve months~
b~
P
Total~
&~
K~!Percent of total depositsQ @ %fffff&I@ %$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4wky]Mui]5=PF0*8X>
@
l ܆
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)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) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }<(}$ }m}$ }}
$ }m
Luther Burbank Corp10Q
05/10/2018*"FHLB Advances and Other Borrowings
Issuer
Issuance Date
"
Amount of Trust Securities
Amount of Notes
Redemption Date
Maturity Date( Luther Burbank Statutory Trust I
March 2006~
q~
Z
June 15, 2011
June 15, 20361)Quarterly adjustments  three month Libor
plus 1.38%"(3.505% at March 31, 2018))!Luther Burbank Statutory Trust II
March 2007~
8~
.B
June 15, 2012
June 15, 20371)Quarterly adjustments  three month Libor
plus 1.62%"(3.745% at March 31, 2018)$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4sui]QlR<
=PF0*8X>
@z
l $
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)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) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }$4}$ }$}$ }$

Luther Burbank Corp10Q
05/10/2018*"FHLB Advances and Other Borrowings
$
Three Months Ended March 31,(Dollars in thousands)~
~
FHLB advances
%Average amount outstanding during the~
PA~
7Bperiod3+Maximum amount outstanding at any monthend~
&F~
Fduring the period,$Balance outstanding at end of period~
&F~
F,$Weighted average maturity (in years)333333?ffffff?0(Weighted average interest rate at end ofGz? %Q? %period%Weighted average interest rate during? %\(\? %
the period/'Junior subordinated deferrable interest
debentures,$Balance outstanding at end of period~
~
,$Weighted average maturity (in years)2@3@0(Weighted average interest rate at end ofp=
ף@ %)\(@ %period%Weighted average interest rate during333333 @ %Gz@ %D
lui]QOM;xb&1# ! " # $ % & ' ( ) * + ,
the period!!!!!#"Senior unsecured term notes"""",#$Balance outstanding at end of period#~
#ο##~
##,$$Weighted average maturity (in years)$$ffffff@$$$ffffff@$0%(Weighted average interest rate at end of%%@ %%%%ףp=
@ %%&period'%Weighted average interest rate during''@ '%''ףp=
@ '%(
the period)$*____________________________1+)Created by Morningstar Document Research.0,(http://documentresearch.morningstar.com/WW4=PF0*8X>
@",,++**''''%%%%$$$$####
l
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)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) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)Shareholders Equity (1)Contractual ObligationsCapital AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }a/}$ }$}$ }$
Luther Burbank Corp10Q
05/10/2018*"FHLB Advances and Other Borrowings
$
Three Months Ended March 31,(Dollars in thousands)~
~
!Outstanding at period end~
S~
bc#"
Average amount outstanding
~
F
~
z"
/'Maximum amount outstanding at any month~
RA~
bc#end'Weighted average interest rate: During period(\? %Q? % End of periodffffff? %
ףp=
? %$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4ui]QOl[=PF0*8X>
@
l %
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Contractual ObligationsCapital AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }6}$
Luther Burbank Corp10Q
05/10/2018Shareholders' Equity
(Dollars in thousands)
March 31,
December 31,~
~
5Commitments to fund loans heldforinvestment~
B~
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/(JTwk_L=PF0*8X>
@J
l $m
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Capital AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }1}$
$
Luther Burbank Corp10Q
05/10/2018Contractual Obligations
Payments Due by PeriodAs of March 31, 2018Less than 1 Year 1 to 3 Years
3 to 5 YearsMore than 5 Years(Dollars in thousands)
Total
$
Contractual Cash Obligations
Time deposits (1)~
g~
sl~
f$~
o
$?FHLB advances (1)~
&F~
h ~
b#~
~
FSenior debt (1)~
b ? ?
?~
b*"Junior subordinated debentures (1)~
? ?
?~
1)Operating leases (net of sublease income)~
~
H~
*p~
VN~
Significant contract (2)~
A~
*~
N*~
J ?
Total~
v ~
n:~
:7H~
~
$(1) Amounts exclude interest.&(2) We have one significant, longterm%contract for core processing services4,which expires May 9, 2021. Actual obligation3+is unknown and dependent on certain factors5including volume and activities. For purposes.&of this disclosure, future obligations3+are estimated using our March 31, 2018 year4,to date average monthly expense extrapolated0(over the remaining life of the contract.DZlth\l&a/`:w@f !"# $!____________________________1")Created by Morningstar Document Research.0#(http://documentresearch.morningstar.com/<=PF0*8X>
@6##""!!
l #
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }}$ }
}$} $ }
}$}$ } }$}$ }}
Luther Burbank Corp10Q
05/10/2018Capital Adequacy
Actual
Minimum Regulatory

%Minimum Capital Adequacy with Capital
1
)Minimum Regulatory Requirement for "WellRequirement
Buffer%Capitalized" Institution under prompt
corrective action
provisions(Dollars in thousands)Amount
RatioAmount
Ratio
Amount
RatioAmount
Ratio"Luther Burbank Corporation
As of March 31, 2018
Tier 1 Leverage Ratio~
&%p=
#%@ %~
2 ~
%
N/AN/AN/AN/A%Common Equity Tier 1 RiskBased Ratio~
"/@ %~
@ %~
b
Q@ %N/AN/A'Tier 1 RiskBased Capital Ratio~
&%QE1@ %~
N!
~
%~
;Q@ %N/AN/A&Total RiskBased Capital Ratio~
'Q82@ %~
~
" %~
"(\#@ %N/AN/AAs of December 31, 2017
Tier 1 Leverage Ratio~
%Q&@ %~
V
~
%
N/AN/AN/AN/A%Common Equity Tier 1 RiskBased Ratio~
!0@ %~
w
@ %~
@ %N/AN/A'Tier 1 RiskBased Capital Ratio~
%ףp=
1@ %~
f ~
%~
@@ %N/AN/A&Total RiskBased Capital Ratio~
'Hz2@ %~
~
" %~
u"@ %N/AN/A$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/BX{ocgdtuiA=PF0*8X>
@R*
l
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital Adequacy!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)Hedge PositionsU }}$ }
}$} $ }
}$}$ } }$}$ } }$
Luther Burbank Corp10Q
05/10/2018Capital Adequacy
Luther Burbank Savings
As of March 31, 2018
Tier 1 Leverage Ratio~
ڂ*'@ %~
~
%
N/AN/A~
l~
%
%Common Equity Tier 1 RiskBased Ratio~
ڂ*
q=
ףp3@
%
~
&
@
%
~
Q@
%
~
6
@
%'Tier 1 RiskBased Capital Ratio~
ڂ*q=
ףp3@ %~
~
%~
~8Q@ %~
z~~
" %&Total RiskBased Capital Ratio~
,p=
c4@ %~
z~ ~
" %~
(\#@ %~
~
* %As of December 31, 2017
Tier 1 Leverage Ratio~
)Gz)@ %~
fW
~
%
N/AN/A~
B~
%%Common Equity Tier 1 RiskBased Ratio~
)fffff3@ %~
u
@ %~
:@ %~
Ω
@ %'Tier 1 RiskBased Capital Ratio~
)fffff3@ %~
~
%~
f=@ %~
~
" %&Total RiskBased Capital Ratio~
V+ףp=
4@ %~
~
" %~
q"@ %~
>~
* %$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/8{ocCwMO$=PF0*8X>
@#
l
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)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) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled 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 AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qua (1)Hedge PositionsU }a/}<
Luther Burbank Corp10Q
05/10/2018JBItem 3. Quantitative and Qualitative Disclosures About Market Risk ,
$Interest Rate Risk to Earnings (NII)March 31, 2018(Dollars in millions)/
'Change in Interest Rates (basis points)
$ Change NII
% Change NII+400 BP~
v(27.5)%+300 BP6(18.0)%+200 BP)(10.2)%+100 BP(4.6)%100 BPffffff@5.9%$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4ZaUI=1
?d/#=PF0*8X>
@2
l ,
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)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) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled 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 AdequacyCapital Adequacy (1)!Item 3 Quantitative and QualitaHedge PositionsU }a/}<
Luther Burbank Corp10Q
05/10/2018JBItem 3. Quantitative and Qualitative Disclosures About Market Risk +
#Interest Rate Risk to Capital (EVE)March 31, 2018(Dollars in millions)/
'Change in Interest Rates (basis points)
$ Change EVE
% Change EVE+400 BP~
(63.1)%+300 BPlo(41.9)%+200 BP\b(24.5)%+100 BP33333O(10.7)%100 BPK@9.0%$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4ZaUI=1
@d/#=PF0*8X>
@2
l xC
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??ILuther Burbank Corporation
SIGNATURESTable of ContentsDollar amounts in thousandsIncome StatementIncome Statement (1)Shareholders Equity
Cash FlowsEarnings Per Share EPSAvailable for SaleAvailable for Sale (1)Available for Sale (2)Available for Sale (3)Held to MaturityHeld to Maturity (1)Held to Maturity (2)Held to Maturity (3)Held to Maturity (4)Held to Maturity (5)Held to Maturity (6)Held to Maturity (7)Held to Maturity (8)Loss
Loss (1)
Loss (2)
Loss (3)
Loss (4)
Loss (5)
Loss (6)
Loss (7)
Loss (8)
Loss (9) Loss (10) Loss (11) Loss (12) Loss (13) Loss (14) Loss (15) Loss (16) Loss (17) Loss (18) Loss (19) Loss (20)!Fair Value of Financial Instrum!Fair Value of Financial Ins (1)!Assets and Liabilities Recorded!Assets and Liabilities Reco (1)!Assets and Liabilities Reco (2)!Multifamily loan securitization!Multifamily loan securitiza (1)Operating LeasesNonGAAP Financial Measures!Multifamily Securitization Tran!Average balance sheet interest !Interest rates and operating inNoninterest IncomeNoninterest ExpenseLoan Portfolio Composition Loan Portfolio Composition (1)Troubled debt restructuresAllowance for loan lossesInvestment Portfolio
DepositsDeposits (1)!FHLB Advances and Other Borrowi!FHLB Advances and Other Bor (1)!FHLB Advances and Other Bor (2)Shareholders Equity (1)Contractual ObligationsCapital AdequacyCapital Adequacy (1)!Item 3 Quantitative and Qualita!Item 3 Quantitative and Qua (1)U }}}}$
Luther Burbank Corp10Q
05/10/2018Hedge Positions
March 31, 2018(Dollars in thousands)
Fair ValueHedging InstrumentHedge Accounting TypeMonths to MaturityNotionalOther Assets
Other Liabilities
Interest rate cap
Cash Flow Hedge~
~
B
~
$?
Interest rate capCash Flow Hedge~
2~
B
~
&
?FHLB fixed rate advanceWith embedded cap~
>~
?
?FHLB fixed rate advanceWith embedded cap~
J~
?
?FHLB fixed rate advanceWith embedded cap~
N~
?
?FHLB fixed rate advanceWith embedded cap~
N~
" ?
?"FHLB variable rate advanceWith embedded cap~
Z~
B
?
?FHLB fixed rate advanceWith embedded cap~
^~
B
?
?FHLB fixed rate advanceWith embedded cap~
f~
B
?
?FHLB fixed rate advanceWith embedded cap~
~
?
?FHLB fixed rate advanceWith embedded cap~
~
B
?
?FHLB fixed rate advanceWith embedded cap~
~
B
?
?~
2)~
*
$?$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/B
Xpd^y8FpH=PF0*8X>
@1
Root Entry FBook
E
!"#$%&'()*+,./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{}~
!"#$%&'()*+,./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{}~
!"#$%&'()*+,./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{}~
!"