EX-99.2 4 dex992.txt EXHIBIT 99.2 Exhibit 99.2 [LOGO] Commercial Capital Bancorp, (CCBI - Nasdaq National Market) March 5, 2003 Regulation FD This presentation may include forward-looking statements (related to each company's plans, beliefs and goals), which involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such risks and uncertainties include, but are not limited to, the following factors: competitive pressure in the banking industry; changes in the interest rate environment; the health of the economy, either nationally or regionally; the deterioration of credit quality, which would cause an increase in the provision for possible loan and lease losses; changes in the regulatory environment; changes in business conditions, particularly in California real estate; volatility of rate sensitive deposits; asset/liability matching risks and liquidity risks; and changes in the securities markets. CCBI undertakes no obligation to revise or publicly release any revision to these forward-looking statements. =============================================================================== CCBI Overview =============================================================================== Diversified Financial Services Company Based in Irvine, California . Uniquely focused business strategy . Attractive client base . Strong organic growth [LOGO] 3 =============================================================================== Initial Public Offering December 2002 =============================================================================== Completed Initial Public Offering of 5,375,000 shares of Common Stock in December 2002 / January . 5,000,000 sh. issued Dec. 20, 2002, raising $35.8 million, net . 375,000 sh. issued Jan 9, 2003, raising $2.8 million, net . $36.6 million contributed to the Bank to support growth . 14.35 million shares outstanding after offering [LOGO] 4 =============================================================================== CCBI Highlights =============================================================================== Data is as of or for the Year Ended December 31, 2002 unless otherwise indicated Financial Position Total Assets $849 Million Loans Held for Investment $469 Million Deposits $312 Million Equity $78 Million Tangible Equity $65 Million Year Ended Quarter Ended Financial Results 12/31/2002 12/31/2002 Net Income $9.7 Million $3.2 Million Return on Average Equity 27.69% 29.03% Return on Average Assets 1.50% 1.59% Net Interest Margin 3.38% 3.27% Efficiency Ratio 35.00% 32.05% Loan Originations $761 Million $200 Million [LOGO] 5 ================================================================================ Business Strategy ================================================================================ . Focused on financial needs of income property investors, middle-market businesses, high net-worth individuals and professionals . Integrate borrower and depositor, expand relationship banking: . Business . Private . Continue core asset origination strategy to support broader business objectives: . Originate high quality multi-family loans . Grow balance sheet and net interest income via purchase of FIP production . Sell remaining FIP production for cash gains . Expand organically: consider opening branches in locations with high concentrations of existing franchise clients [LOGO] 6 ================================================================================ Platform Supports Strategy ================================================================================ [LOGO] COMMERCIAL CAPITAL BANCORP, INC. [LOGO] [LOGO] [LOGO] FINANCIAL INSTITUTIONAL PARTNERS COMMERCIAL CAPITAL COMCAP FINANCIAL MORTGAGE CORPORATION BANK SERVICES, INC. [LOGO] 7 ================================================================================ Attractive Multi-family Market ================================================================================ [MAP] Sacramento County ----------------- 4.1% of Multi-Family Alameda County -------------- 8.8% of Multi-Family Los Angeles County ------------------ 47.5% of Multi-Family Orange County ------------- 9.4% of Multi-Family San Diego County ---------------- 7.4% of Multi-Family -------------------------------------------------------------------------------- . $311 B CA Market (15% of U.S.) (source: National Multi Housing Council Oct.2001) . 35% Growth Between 2001 and 2002 ($13.4B - $18.1B) . 29,000 + Loans Originated in 2002 (average size of $616,000) . 6 of the Top 10 U.S. Markets in CA . 2 Largest Originators Comprise 25% of Market (900 + lenders account for the balance) source: DataQuick Dec. 2002 Data ------------------------------------------------------------------------------- [LOGO] ================================================================================ Leading Loan Originator and High Growth Bank ================================================================================ . Since Inception Originated $2.0 billion in Multi-family and Commercial RE Loans . FIP Mortgage is 4th Largest Multi-family Originator in CA with 2.7% Market Share During Year Ended 12/31/02 . Invested in Infrastructure Capable of Supporting $2 Billion of Annual Originations -------------------------------------------------------------------------------- "According to data compiled by the FDIC, CCBI was the fastest growing bank in Orange County over the past 24 months...." FDIC Website; 24 Month Period Ending 9/30/2002 [LOGO] 9 ================================================================================ Asset Quality ================================================================================ [GRAPHIC] Since Inception -------------------------------------------------------------------------------- Policy Actual/(1)/ --------------------------- Multi-Family Loan-to-Value 75.00% 69.65% Debt Coverage Ratio 1.15 to 1 1.31 to 1 Commercial RE Loan-to-Value 75.00% 64.74% Debt Coverage Ratio 1.25 to 1 1.38 to 1 --------------------- /(1)/ In-House FIP Mortgage Originations. Year Ended 12/31/02 -------------------------------------------------------------------------------- [LOGO] 10 ================================================================================ Asset Quality of Multi-family Loans ================================================================================ Non-Accrual Loans/ Nationwide Total Loans/(1)/ ------------------ Multi-family 0.13% Single family 0.93% Commercial Real Estate 1.22% Construction 1.60% Business Loans 2.17% Consumer 0.64% Multi-family Loans ------------------------------------------------------------------------------ CCBI 0.00% ------------------------------------------------------------------------------ Western Region Thrifts 0.05% Nationwide Thrifts 0.13% -------------- /(1)/ Based upon 12/31/02 Thrift Financial Reports for nationwide savings institutions [LOGO] 11 ================================================================================ Financial and Operating Performance Balance Sheet ================================================================================ ($ in Millions) [CHART] Total Assets 22.7% CQGR (1) $203 $225 $264 $424 $602 $649 $753 $849 3/01 6/01 9/01 12/01 3/02 6/02 9/02 12/02 [CHART] Total Deposits 20.8% CQGR (1) $83 $89 $103 $118 $173 $256 $328 $312 3/01 6/01 9/01 12/01 3/02 6/02 9/02 12/02 [CHART] Loans Held for Investment at Bank 25.6% CQGR (1) $95 $108 $137 $189 $282 $334 $406 $469 3/01 6/01 9/01 12/01 3/02 6/02 9/02 12/02 [CHART] Stockholders' Equity $24.7 $25.7 $27.6 $26.8 $28.2 $33.4 $38.0 $77.6 3/01 6/01 9/01 12/01 3/02 6/02 9/02 12/02 --------------------- (1) CQGR-Compound Quarterly Growth Rate: 3/01 to 12/02 [LOGO] 12 ================================================================================ Financial and Operating Performance Loans ================================================================================ FIPMC Originations [CHART] Millions $81 $120 $145 $137 $185 $179 $185 $199 3/01 6/01 9/01 12/01 3/02 6/02 9/02 12/02 FIP Mortgage Loan Composition In-House Originations Year Ended 12/02 [CHART] Multi-Family Residential 91.8% Commercial Real Estate 8.2% FIPMC Originations by Average LTV & DCR [CHART] Loan to Value 70.6% 70.0% 68.9% 69.1% 70.4% 68.4% 68.5% 69.7% Debt Coverage Ratio 1.29 1.29 1.33 1.30 1.31 1.33 1.30 1.31 3/01 6/01 9/01 12/01 3/02 6/02 9/02 12/02 Bank Loan Composition Loans Held for Investment at 12/02 [CHART] Multi-Family Residential 84.7% Commercial Real Estate 12.3% Business Loans 2.1% Other 0.9% [LOGO] 13 ================================================================================ Financial and Operating Performance Deposits ================================================================================ Total Deposits [CHART] Millions $83 $89 $103 $118 $173 $256 $328 $312 3/01 6/01 9/01 12/01 3/02 6/02 9/02 12/02 Deposit Composition: 12/01 [CHART] Certificates of Deposit 86.8% NOW & Non-Interest Bearing Demand 5.5% Money Markets 4.4% Savings Accounts 3.3% Deposit Composition: 12/02 [CHART] Money Markets 56.4% Certificates of Deposit 40.7% NOW & Non-Interest Bearing Demand 2.2% Savings Accounts 0.7% [LOGO] 14 ================================================================================ Financial and Operating Performance Revenues and Expenses ================================================================================ Net Interest Income 28.3% CQGR (1) [CHART] Millions $1.1 $1.3 $1.7 $2.5 $4.0 $5.0 $5.6 $6.3 3/01 6/01 9/01 12/01 3/02 6/02 9/02 12/02 G&A Expenses to Average Assets [CHART] 3.58% 2.68% 2.36% 3.02% 1.63% 1.44% 1.59% 1.35% 3/01 6/01 9/01 12/01 3/02 6/02 9/02 12/02 Noninterest Income/Total Revenue [CHART] 19.9% 20.4% 26.2% 26.2% 13.0% 13.3% 19.0% 18.7% 3/01 6/01 9/01 12/01 3/02 6/02 9/02 12/02 Efficiency Ratio [CHART] 98.4% 61.4% 49.1% 69.6% 36.8% 34.0% 38.0% 32.1% 3/01 6/01 9/01 12/01 3/02 6/02 9/02 12/02 [LOGO] 15 (1) CQGR - Compound Quarterly Growth Rate: 3/01 to 12/02 ================================================================================ Financial and Operating Performance Profitability Ratios ================================================================================ Return on Average Assets [CHART] -0.3% 0.5% 1.1% 1.0% 1.4% 1.5% 1.5% 1.6% 3/01 6/01 9/01 12/01 3/02 6/02 9/02 12/02 Return on Average Equity [CHART] -1.8% 3.8% 10.6% 10.6% 21.4% 29.9% 29.2% 29.0% 3/01 6/01 9/01 12/01 3/02 6/02 9/02 12/02 Net Interest Margin [CHART] 2.7% 2.8% 3.0% 3.5% 3.6% 3.5% 3.3% 3.3% 3/01 6/01 9/01 12/01 3/02 6/02 9/02 12/02 [LOGO] 16 ================================================================================ Financial and Operating Performance Equity ================================================================================ Consolidated Equity to Assets Ratios [CHART] Tangible Equity to Assets 5.4% 5.4% 5.4% 3.3% 2.5% 3.1% 3.3% 7.6% Equity to Assets 12.2% 11.4% 10.5% 6.3% 4.7% 5.2% 5.1% 9.1% 3/01 6/01 9/01 12/01 3/02 6/02 9/02 12/02 Bank Equity to Assets [CHART] Tangible Equity to Assets 6.0% 6.2% 6.0% 7.7% 8.3% 8.4% 7.5% 12.0% Equity to Assets 6.0% 6.2% 6.0% 11.7% 10.8% 10.8% 9.5% 13.8% 3/01 6/01 9/01 12/01 3/02 6/02 9/02 12/02 Book Value [CHART] Tangible Book Value per Share $1.28 $1.39 $1.61 $1.56 $1.70 $2.28 $2.78 $4.62 Book Value Per Share $2.89 $2.95 $3.14 $3.03 $3.15 $3.73 $4.24 $5.55 3/01 6/01 9/01 12/01 3/02 6/02 9/02 12/02 [LOGO] 17 ================================================================================ Financial and Operating Performance Earnings ================================================================================ Quarterly Net Income [CHART] 58.7% CQGR (1) Millions $(0.1) $0.2 $0.7 $0.7 $1.5 $2.3 $2.6 $3.2 3/01 6/01 9/01 12/01 3/02 6/02 9/02 12/02 Fully Diluted Quarterly EPS [CHART] 47.6% CQGR (1) $(0.1) $0.03 $0.08 $0.08 $0.17 $0.24 $0.27 $0.31 3/01 6/01 9/01 12/01 3/02 6/02 9/02 12/02 [LOGO] 18 (1) CQGR - Compound Quarterly Growth Rate: 6/01 to 12/02 [LOGO] Commercial Capital Bancorp, Inc.