Junior Subordinated Deferrable Interest Debentures (Tables)

12 Months Ended

Sep. 30, 2024

Schedule of Outstanding Securities and Notes

The following table is a summary of the outstanding Trust Securities and Notes at September 30, 2024.


	Issued Amount		Carrying Amount1				Date Issued	Maturity Date	Rate Index
Issuer					Rate					(Quarterly Reset)
	($ in thousands)
Luther Burbank Statutory Trust I	$	41,238	$	33,681	6.59	%		3/30/2006	6/15/2036	3 month CME Term SOFR + Tenor Spread Adjustment (0.26%) + 1.38%
Luther Burbank Statutory Trust II	$	20,619	$	17,037	6.83	%		3/30/2007	6/15/2037	3 month CME Term SOFR + Tenor Spread Adjustment (0.26%) + 1.62%
1Includes fair value adjustments made as a result of purchase accounting

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details