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LBC| Name | Value |
|---|---|
| Revenues | 20.6M |
| Cost of Revenue | 0.0M |
| Gross Profit | 20.6M |
| Operating Expense | 1.5M |
| Operating I/L | 2.6M |
| Other Income/Expense | 2.6M |
| Interest Income | 89.1M |
| Pretax | 2.6M |
| Income Tax Expense | 0.7M |
| Net Income/Loss | 1.9M |
Luther Burbank Corporation operates as a bank holding company, providing banking products and services for real estate investors, professionals, entrepreneurs, depositors, and commercial businesses. Its offerings include interest and noninterest-bearing transaction accounts, certificates of deposit, money market accounts, commercial real estate loans, single family residential loans, and a portfolio of 30-year fixed rate first mortgage and a forgivable second mortgage. The company also provides ATM, debit cards, online and mobile banking, real estate investment services, and issues trust preferred securities. It generates revenue through interest income from loans, fees from banking services, and securities issuance.
