Exhibit 21

SUBSIDIARIES OF THE REGISTRANT

		Percentage			State of
		of			Incorporation or
Parent	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
ITLA Capital Corporation	ITLA Capital Statutory Trust III		100	%(1)	Delaware
ITLA Capital Corporation	ITLA Capital Statutory Trust IV		100	%(1)	Delaware
ITLA Capital Corporation	ITLA Capital Statutory Trust V		100	%(1)	Connecticut

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

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