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JUNIOR SUBORDINATED DEFERRABLE INTEREST DEBENTURES (Tables)

6 Months Ended

Jun. 30, 2020

Schedule of Outstanding Trust Securities

The following table is a summary of the outstanding Trust Securities and Notes at June 30, 2020 and December 31, 2019 (dollars in thousands):


	June 30, 2020						December 31, 2019				Date	Maturity	Rate Index
Issuer	Amount		Rate		Amount		Rate		Issued	Date	(Quarterly Reset)
Luther Burbank Statutory Trust I	$	41,238	1.69	%	$	41,238	3.27	%	3/1/2006	6/15/2036	3 month LIBOR + 1.38%
Luther Burbank Statutory Trust II	$	20,619	1.93	%	$	20,619	3.51	%	3/1/2007	6/15/2037	3 month LIBOR + 1.62%

- 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.

+ References

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+ Details