#Burbank police report file series

This revenue source primarily consists of FHLB (Federal Home Loan Banks) stock dividends, fair-value adjustments on equity securities and other fee income. Luther Burbank Savings also recorded $891,000 in non-interest income for the second quarter, a decrease of $344,000 when comparing the figure with the previous three months ending March 31.

“Our financial results for the second quarter are reflective of our liability sensitive balance sheet and the impact from the unprecedented rise in interest rates over the past 16 months,” she said. The Federal Reserve is raising rates to curb spending and therefore keep inflation in check. She doesn’t expect earnings will do so beforehand. Still, Luther Burbank Savings President and CEO Simone Lagomarsino said in a statement she hopes that interest rates will soon decline, and with that, earnings will improve. While the Sonoma County-based institution inches closer to its $654 million acquisition by Washington Federal, commonly known as “WaFed,” local bank officials have declined to comment about its financials since the announcement was made last November. This past quarter’s $26.32 million was 22.5% lower than the first three months of 2023 and 44.6% below 2022’s second quarter, at $33.98 million and $47.47 million, respectively. Net interest income, defined as the difference between interest-bearing account revenue and the costs of servicing deposits and debt, was also not immune to throwing hurdles in front of banking profits. Net income for the second quarter of 2022 was $22.56 million, over three times higher. The 48.5% drop from the prior quarter’s $13.44 million in earnings for the Santa Rosa-based financial institution reflects how pervasive financial market conditions punctuated by high interest rates have impacted the industry. expected to close sometime this summer, Luther Burbank Corporation (Nasdaq: LBC) on Tuesday reported second-quarter earnings of $6.91 million. Police have now confirmed that the suspect is a former Burbank High School student, which is how he was aware of the entrance.As it prepares for a merger with Seattle-based Washington Federal Inc. Investigators said that the suspect 'inappropriately touched' two other teenagers: a 14-year-old girl and a 17-year-old girl.ĭetectives discovered that Nazarian entered the campus through an unlocked door in the student parking lot. School employees tracked the man, Patrick Nazarian, 22, and detained him until officers took him into custody. He then sexually assaulted her before a short struggle, prompting him to run from the bathroom. When police responded to the high school, a 14-year-old victim told officers that a man approached her in the school's bathroom.

#Burbank police report file series

Keeping our students safe is of the utmost importance.'Īccording to the Burbank Police Department, the series of sexual assaults all happened on March 6. 'We are also conducting an internal investigation into this matter. 'The Burbank Unified School District takes this incident very seriously and will cooperate fully with the police investigation,' said Burbank Unified Schoo District Superintendent Matt Hill. Police arrested a Glendale man accused of sexually assaulting at least three teenage girls at Burbank High School. Man arrested for assaulting Burbank High students parents concerned for safety of their children 03:14