JUNIOR SUBORDINATED DEFERRABLE INTEREST DEBENTURES (Tables)

12 Months Ended

Sep. 30, 2025

Schedule of Outstanding Securities and Notes

The following table is a summary of the outstanding Trust Securities and Notes at September 30, 2025.

Issued

Amount

Carrying

Amount1

Date

Issued

Maturity

Date

Rate Index

Issuer

Rate

(Quarterly Reset)

($ in thousands)

Luther Burbank

Statutory Trust I

$41,238

$34,326

5.68%

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

$17,319

5.92%

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