# LUTHER BURBANK SAVINGS
SANTA ROSA, CA · FDIC certificate 32178 · asset band $1-10B · latest filing 2023-12 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. Composite score 4 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $8.23B | |
| Deposits | $5.87B | |
| Loans and leases | $6.83B | |
| Total equity | $837.2M | |
| Loans / deposits | 115.69% (p96 of band) | 86.75% |
| Liquid assets / assets | 15.36% (p24 of band) | |
| Uninsured deposits / deposits | 17.52% (p13 of band) | 29.66% |
| Brokered deposits | 5.76% | |
| Wholesale funding | 23.40% (p88 of band) | |
| FHLB advances / assets | 13.99% | |
| Tier 1 leverage | 10.88% (p68 of band) | 9.97% |
| Unrealized securities loss / equity | -7.19% (p75 of band) | -15.95% |
| AOCI / equity | -0.11% (p4 of band) | |
| ROA (annualized) | 0.29% (p9 of band) | 0.96% |
| Net interest margin | 1.35% (p3 of band) | 3.26% |
| Efficiency ratio | 58.07% (p34 of band) | |
| Noncurrent loans | 0.23% (p38 of band) | 0.32% |
| Net charge-offs (annualized) | 0.02% (p49 of band) | |
| Reserve coverage of noncurrent | 270.10% | |
| Real estate % of loans | 100% | |
| Construction % of loans | 2.32% (p6 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p38 of band) | |
| Deposits YoY | -0.2% | |
| Employees | 222 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **wholesale funding >15%** (`liq_wholesale`)
- **NIM <2.5%** (`earn_nim`)
- **uninsured deposits leaving** (`flight_uninsured`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | loans exceed deposits, liquid assets <10%, reserve under noncurrent |  |
| 2011-06 | 3 |  |  |
| 2011-09 | 3 | capital falling | reserve under noncurrent |
| 2011-12 | 3 | reserve under noncurrent | liquid assets <10% |
| 2012-03 | 3 | liquid assets <10% | capital falling |
| 2012-06 | 3 |  |  |
| 2012-09 | 3 |  |  |
| 2012-12 | 3 |  |  |
| 2013-03 | 3 |  |  |
| 2013-06 | 2 |  | reserve under noncurrent |
| 2013-09 | 2 |  |  |
| 2013-12 | 2 |  |  |
| 2014-03 | 2 |  |  |
| 2014-06 | 2 |  |  |
| 2014-09 | 1 |  | liquid assets <10% |
| 2014-12 | 1 |  |  |
| 2015-03 | 2 | NIM <2.5% |  |
| 2015-06 | 2 |  |  |
| 2015-09 | 2 |  |  |
| 2015-12 | 4 | wholesale funding >15%, capital falling |  |
| 2016-03 | 4 |  |  |
| 2016-06 | 4 |  |  |
| 2016-09 | 4 |  |  |
| 2016-12 | 4 |  |  |
| 2017-03 | 4 |  |  |
| 2017-06 | 4 |  |  |
| 2017-09 | 4 |  |  |
| 2017-12 | 3 |  | capital falling |
| 2018-03 | 3 |  |  |
| 2018-06 | 4 | capital falling |  |
| 2018-09 | 4 |  |  |
| 2018-12 | 4 |  |  |
| 2019-03 | 4 |  |  |
| 2019-06 | 4 |  |  |
| 2019-09 | 4 |  |  |
| 2019-12 | 3 |  | capital falling |
| 2020-03 | 3 |  |  |
| 2020-06 | 4 | capital falling |  |
| 2020-09 | 2 |  | wholesale funding >15%, capital falling |
| 2020-12 | 2 |  |  |
| 2021-03 | 2 |  |  |
| 2021-06 | 4 | wholesale funding >15%, uninsured deposits leaving |  |
| 2021-09 | 2 | capital falling | NIM <2.5%, wholesale funding >15%, uninsured deposits leaving |
| 2021-12 | 1 |  | capital falling |
| 2022-03 | 1 |  |  |
| 2022-06 | 1 |  |  |
| 2022-09 | 3 | wholesale funding >15%, capital falling |  |
| 2022-12 | 3 |  |  |
| 2023-03 | 5 | NIM <2.5%, uninsured deposits leaving |  |
| 2023-06 | 5 |  |  |
| 2023-09 | 4 |  | capital falling |
| 2023-12 | 4 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2024-03-26 [Local Luther Burbank Savings acquired by Washington Federal - Los Altos Town Crier](https://news.google.com/rss/articles/CBMi4wFBVV95cUxQUHNPb0VHUVZzbFplRDFBUTNfWUpLSGpHcU4ta0pGcThiQUx1bEhlNWJZeHpkeHFqR3BwbWEyRmgwV2EzYy1ZTDB0cTdrSVg2R01mYTVEcVh3bURLNkFjUmkxbW54R0Q1LWNsaG1EbDV1MTktekxhQl81cjhFcUd6cWRFU1VNMk1ZVW10STdYN0EwOEhBX2IwYk92RWVUeEdRcEtHQnJ0RlRNN3pLLXRNVVlhVjAyR3VuclBMblhqRUJWTG5nVzJsalBodnZDNjFXMDkyOXRoY21KcWJicEI0WktyRQ?oc=5) · Los Altos Town Crier
- 2024-01-30 [Acquisition of Sonoma County’s Luther Burbank Savings by WaFd Bank gets regulatory OK - The Press Democrat](https://news.google.com/rss/articles/CBMiywFBVV95cUxPUUtoZGpFcjN0Qk1IVlBBMklOZTVnVjAtbFBJa3Q0TVRxeWZrZkZUa2RNVlg0bW55cEZvX2xORmxmVnhWR1E2N3kxMmlRTWk5SXp1NzNvcUxWazBGd0dWd0tsbnZfRnhHR20ySHFkbnJ4Uk9wSHRkUGJIUEszSE5CSFRHM19nanE0OHZQX0FSNkhMd0tlaEdTWjVEOU9tN05CLTdtc3QwMVRrUmg4RjZ3X2pGWVJfOUJZaW5mTTk0T2dpRGNjcERKU3MyQQ?oc=5) · The Press Democrat
- 2023-05-05 [Washington Federal, Inc. and Luther Burbank Corporation Announce Receipt of Shareholder Approval for Merger - Business Wire](https://news.google.com/rss/articles/CBMi9gFBVV95cUxPRkJKZEJSWEFPTTliNEQwVkthWHdydDRBbXlYbHJ3b0EyNjBrZm11ampYLWtMeWpvcmZiRUxkUFhhdjIwVEo0MFY4Wl82UEJvTzEta3FfOHEtS2E3ckFUV3REQXhHUURndGpGNXJXaC1ram54UlNlMWdXZzhmcFR4LWVrd1MtWFplSWd4ZVdlQ0VqS3RZcHp1YUxEODl5MWl1UnE3WFl0T1dmTWFuT1BzNUo2NnBkZ0ZLTnh6QkJodS0xUmViZkgyZlVzNEQ5WUdJaFI5Z0F2b2huUklCZDdud0s3bTYySU1ZZGpsbEU1V3FZTV9sZlE?oc=5) · Business Wire
- 2020-01-24 [New Chair and Membership Appointments Announced for the Federal Reserve Bank of San Francisco’s Community Depository Institutions Advisory Council - San Francisco Fed - Federal Reserve Bank of San Francisco](https://news.google.com/rss/articles/CBMigwJBVV95cUxPaE1OemRwRDlaZkwxT2ZqNnlkTWxyV0g3VkdjLTBlYzBnb1lzT1lWMmhlTzhEMGs4MGJGcm5oQjViaHBqdEhKTzVzVlBIUzZrb0lrLTYxbC12RnhPcklMUmE0WTEtMWVicWtHM0dhVVN0cDhFMVFFODhmTzlwcHBoQ3hRcy0tanhIMS1RVHlHSWhPS1JqcTVNVGMteUs1eVlJWHI5S3B0RmRnanh2dVJyOGNmbVJXUFUyb0ZvVnlmWHBzRThkOGZMekRjSW53N2xmSjR2aFBJbEZUdEhtdlMwbXZGMGVWQ096eW5pVVFwMTIxcmFCMGhva1gzeEgzMzd3OWh3?oc=5) · Federal Reserve Bank of San Francisco
- 2024-03-03 [WaFd closes $654M acquisition of Luther Burbank - The Business Journals](https://news.google.com/rss/articles/CBMioAFBVV95cUxNWWR5T0toT3N2c2NoR1cyb2lNNllOYzBOOFNjRXMtWGVlLUlydDY0OUpsOVk2WkpncGFNR2Jha25LYXhIUjhXNmd2UmhzeDJFQkZqQ3ZYMGJKaG04YmllN3pLM2FYZl83bUFwbkpqLTFTWXFWVXQ5ZlR1MTk0aTdTak5wUmhHN0VEN3JEY0ZBMnBMVlhBWFhuM21LeWhTYWFp?oc=5) · The Business Journals
- 2022-11-15 [Washington Federal And Luther Burbank To Merge To Form A $29 Billion Asset Western US Bank - citybiz.co](https://news.google.com/rss/articles/CBMixwFBVV95cUxQbUhFcTRtVXRwYkEzWlpwMDFEbW1uNkNDek9yRnk1MjFYY29LZ0VkRVVnN2h2SDloTXZ2R3Zid2I2bjJYcXlFZlA1Xzk1bDlseWlTUGExSWxvUUszWGdlZmxVNC1ESzZnS0x1VUNrUno4X3RjaXhDWmZ2dzRYY0JqQU9qVGJUT3dIUUQyalE0dHZRbEtYU3NISE9GUGtOSGdzbkY0eG8xZExYNzJvYmJPdjFWQ19vbjZ2dUhwdWRzbkZ2VDhJZy1J?oc=5) · citybiz.co
- 2024-03-04 [New signs erected at former Luther Burbank Savings in Santa Rosa marking WaFd’s buyout - The Press Democrat](https://news.google.com/rss/articles/CBMi0wFBVV95cUxONHJBdFRMQ2kwSUF0cWplUDZpeC10VEhZTXdrS1NwcWhuZ3BPVnpGa0xQT0RaTE9Sek1DRHRPS1JlSlZsdXAwODZnS044emtiVmVHLThGSGFTcmxvdWRLNmVpc3d4Q2RVTkwyd0xNNHlnWmJ1dndSRW51TDQ3N2JmRUtPbUlyNXJyQ2JCQ1RpRjVoaE9HbEI2YkhFcnp5cWRPSXV2dXZ6U0hEWTR5d1c3bG9PMjU1Q1N3RkQ5WWVFc1FjLVJWSW8wUUEzVktxbEtKNDVJ?oc=5) · The Press Democrat
- 2022-11-15 [Sonoma County’s Luther Burbank Savings being sold to Washington Federal in $654 million deal - The Press Democrat](https://news.google.com/rss/articles/CBMixgFBVV95cUxOcl9Mbk5lT1A1NXlZUV9FMkZ2NU52MzhORF9taGFEXy10NHVJSmt1ck8ya3lfZUprN1MxSW1YcXZldGJlSXROdDNNM25pb0lGcWx5Nm5Ucks3UE9NQVJ3SmRDem9XN0pkZHlHakJRbUo4SXJaa192RmRGODd1WldDQ3lFdUE3SzRfTGg2bHkzVjJOSGVqRS01VXJ0T2JFSG1rbTYwVS1wU2x4WVNJSThlZ1RsdEhrVDd3SVM5Y3VXSEtmWVdJMHc?oc=5) · The Press Democrat

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=32178 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/50.json (key "32178", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide