Exhibit 21
 
SUBSIDIARIES OF THE REGISTRANT

		Percentage			State of
		of			Incorporation or
Percent	Subsidiary	Ownership			Organization
ITLA Capital Corporation	Imperial Capital Bank		100%		California
ITLA Capital Corporation	ITLA Funding Corporation		100%		Delaware
ITLA Funding Corporation	ITLA Servicing Corporation		100%		Delaware
ITLA Funding Corporation	ITLA Commercial Warehouse Corporation		100%		Delaware
ITLA Capital Corporation	ITLA Management Corporation		100%		Delaware
ITLA Management Corporation	ITLA Commercial Investment Corporation		100%		Maryland
ITLA Capital Corporation	Imperial Capital Real Estate Investment Trust		100%		Delaware
Imperial Capital Real Estate Investment Trust	ICCMAC Multifamily and Commercial Trust 1999-I		100%		Delaware
ITLA Capital Corporation	ITLA Capital Statutory Trust I		100%	(1)	Connecticut
ITLA Capital Corporation	ITLA Capital Statutory Trust II		100%	(1)	Connecticut

(1) Represents ownership of the common securities of the trust.

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