Luther burbank corp. (LBC)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17
Interest and fee income:
Loans

60,705

63,452

64,010

61,015

61,053

58,285

55,644

51,343

46,563

42,477

44,180

41,173

38,743

Investment securities

3,303

3,518

3,900

4,118

3,925

3,791

3,266

2,901

2,472

1,540

1,683

1,863

1,653

Cash, cash equivalents and restricted cash

317

463

766

522

400

615

489

442

246

-

320

-

-

Total interest and fee income

64,325

67,433

68,676

65,655

65,378

62,691

59,399

54,686

49,281

44,622

46,183

43,036

40,396

Interest expense:
Deposits

24,581

26,406

27,927

26,471

24,288

22,970

19,650

14,560

11,932

11,285

10,156

9,058

8,314

FHLB advances

5,558

5,731

5,983

6,410

6,772

5,782

5,860

6,823

4,820

3,760

5,260

4,260

3,275

Junior subordinated deferrable interest debentures

493

560

604

632

651

612

600

567

487

447

430

408

380

Senior debt

1,578

-

-

-

1,575

-

-

-

-

-

-

-

-

Senior debt

-

-

1,577

1,574

-

1,576

1,577

1,577

1,577

1,578

1,577

1,577

1,577

Total interest expense

32,210

34,271

36,091

35,087

33,286

30,940

27,687

23,527

18,816

17,070

17,423

15,303

13,546

Net interest income before provision for loan losses

32,115

33,162

32,585

30,568

32,092

31,751

31,712

31,159

30,465

27,552

28,760

27,733

26,850

Provision for Loan, Lease, and Other Losses

5,300

1,000

-500

450

300

150

650

1,300

1,500

1,250

1,550

-6,481

309

Net interest income after provision for loan losses

26,815

32,162

33,085

30,118

31,792

31,601

31,062

29,859

28,965

26,302

27,210

34,214

26,541

Noninterest income:
Increase in cash surrender value of life insurance

-

-

-

-

-

-

-

-

-

-

-

47

49

Gain on sale of loans

0

0

77

197

333

0

140

0

0

0

4,133

-693

-163

FHLB dividends

535

559

557

552

495

1,010

622

509

594

697

581

562

633

Other income

263

255

359

739

552

236

281

308

431

893

217

285

363

Total noninterest income

798

814

993

1,488

1,380

1,246

1,043

817

1,025

1,494

4,931

201

882

Noninterest expense:
Compensation and related benefits

11,205

9,371

9,191

8,614

10,052

11,024

9,018

9,199

9,619

8,140

8,664

9,523

10,197

Deposit insurance premium

476

-440

0

487

498

510

483

467

432

403

580

431

398

Professional and regulatory fees

431

565

521

457

441

742

394

503

398

581

428

840

185

Occupancy

1,140

1,474

1,425

1,399

1,390

1,331

1,418

1,304

1,296

1,295

1,339

1,223

1,298

Depreciation and amortization

669

617

672

664

665

705

700

694

714

723

717

728

735

Data processing

967

929

945

945

919

825

895

807

788

789

791

797

790

Marketing

875

1,611

1,217

1,071

1,154

1,488

1,235

561

213

298

253

205

179

Other expenses

1,096

1,214

2,098

1,072

1,130

1,337

947

1,387

1,253

990

1,010

1,093

921

Total noninterest expense

16,859

15,341

16,069

14,709

16,249

17,962

15,090

14,922

14,713

13,219

13,782

14,840

14,703

Income before provision for income taxes

10,754

17,635

18,009

16,897

16,923

14,885

17,015

15,754

15,277

14,577

18,359

19,575

12,720

Provision for income taxes

3,178

5,178

5,273

5,239

4,913

4,282

4,886

4,528

4,175

-5,844

612

654

425

Net Income (Loss) Attributable to Parent

7,576

12,457

12,736

11,658

12,010

10,603

12,129

11,226

11,102

20,421

17,747

18,921

12,295

Basic earnings per common share (in usd per share)

0.14

0.22

0.23

0.21

0.21

0.18

0.22

0.20

0.20

0.46

0.42

0.45

0.29

Diluted earnings per common share (in usd per share)

0.14

0.22

0.23

0.21

0.21

0.18

0.21

0.20

0.20

0.46

0.42

0.45

0.29

Dividends per common share (in usd per share)

0.06

0.05

0.06

0.06

0.06

0.05

0.06

0.06

0.11

-

0.01

-

-

Weighted average common shares outstanding - basic

-

-

-

-

-

-

-

-

-

-

-

42,000

42,000

Weighted average common shares outstanding - diluted

-

-

-

-

-

-

-

-

-

-

-

42,000

42,000