-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, AO5gRsXKRVv0WHKVWZflw7D7TLJ8Hk36yfHF0VDNkupmLgfsqg/svnEjHjVbUy5+ ayxDDajJRUm1+g9NJ5+dOw== 0000928385-03-001319.txt : 20030429 0000928385-03-001319.hdr.sgml : 20030429 20030429085720 ACCESSION NUMBER: 0000928385-03-001319 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030429 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030429 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COMMERCIAL CAPITAL BANCORP INC CENTRAL INDEX KEY: 0001184818 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 330865080 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-50126 FILM NUMBER: 03667856 BUSINESS ADDRESS: STREET 1: ONE VENTURE STREET 2: 3RD FL CITY: IRVINE STATE: CA ZIP: 92618 BUSINESS PHONE: 9495857500 8-K 1 d8k.txt FORM 8-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 April 29, 2003 - -------------------------------------------------------------------------------- (Date of earliest event reported) COMMERCIAL CAPITAL BANCORP, INC. - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Nevada 000-50126 33-0865080 - -------------------------------------------------------------------------------- (State or other jurisdiction (Commission File Number) (IRS Employer of incorporation) Identification No.) One Venture, 3rd Floor, Irvine, California 92618 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) (949) 585-7500 - -------------------------------------------------------------------------------- (Registrant's telephone number, including area code) Not Applicable - -------------------------------------------------------------------------------- (Former name, former address and former fiscal year, if changed since last report) Item 5. Other Events and Required FD Disclosure On April 29, 2003, Commercial Capital Bancorp, Inc. (the "Company") filed with the Securities and Exchange Commission the presentation which is attached as Exhibit 99.1 to this Form 8-K. The executive officers of the Company intend to utilize the presentation, in whole or in part, at the Company's annual shareholders' meeting on April 29, 2003, and at subsequent presentations made by executive officers of the Company throughout the fiscal quarter ended June 30, 2003. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits (a) Not applicable. (b) Not applicable. (c) The following exhibit is included with this Report: Exhibit 99.1 Presentation SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. COMMERCIAL CAPITAL BANCORP, INC. By: /s/ Stephen H. Gordon ----------------------- Stephen H. Gordon Chairman of the Board and Chief Executive Officer Date: April 29, 2003 EX-99.1 3 dex991.txt EXHIBIT 99.1 [LOGO] Commercial Capital Bancorp, Inc. (CCBI - Nasdaq National Market) April 29, 2003 Regulation FD This presentation may include forward-looking statements (related to the plans, beliefs and goals of CCBI and its subsidiaries), 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. [LOGO] CCBI Overview Diversified Financial Services Company Based in Irvine, California . Uniquely focused business strategy . Attractive client base . Strong organic growth [LOGO] 3 CCBI Highlights Financial Position March 31, 2003 Total Assets $1.2 billion Loans Held for Investment $573 million Deposits $408 million Equity $85 million Tangible Equity $72 million Quarter Ended Quarter Ended Financial Results 03/31/2003 03/31/2002 Net Income $4.2 million $1.5 million Return on Average Equity 20.60% 21.37% Return on Average Assets 1.70% 1.35% Net Interest Margin 3.39% 3.64% Efficiency Ratio 30.08% 36.75% Loan Originations $267 million $192 million [LOGO] 4 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: . Grow balance sheet and net interest income by originating high quality multi-family loans . Invest excess liquidity and equity in U.S. Government agency MBS .. Expand organically: consider opening branches in locations with high concentrations of existing franchise clients . La Jolla banking office scheduled to open in August 2003 [LOGO] 5 Platform Supports Strategy [LOGO] Commercial Capital Bancorp, Inc. [LOGO] [LOGO] [LOGO] Commercial Capital Mortgage, Inc. Commercial Capital ComCap Financial Services, Inc. ------------------ Bank
[LOGO] 6 Attractive Multi-family Market . $311 B CA Market (15% of U.S.) (source: National Multi Housing Council Oct. 2001) . 35% Growth Between 2001 and 2002 ($13.4 B - $18.1 B) . 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 Sacramento County 3.8% of Multi-family Alameda County 8.7% of Multi-family Los Angeles County 50.7% of Multi-family Orange County 9.0% of Multi-family San Diego County 6.7% of Multi-family Percentages are from inception, through March 31, 2003 [LOGO] 7 Leading Loan Originator and High Growth Bank . Since Inception, Originated $2.2 billion in Multi-family and Commercial RE Loans . CCM was the 4/th/ Largest Multi-family Originator in CA with 2.7% Market Share During Year Ended 12/31/02 . Invested in Infrastructure Capable of Supporting $2 billion of Annual Originations "According to data compiled by the FDIC, CCBI was the fastest growing bank in Orange County over the past 24 months...." FDIC Website; 24 Month Period Ending 12/31/2002 [LOGO] 8 Asset Quality LTV and DCR of March 31, 2003 Portfolio Multi-Family Loan to Value 69.2% Debt Coverage Ratio 1.29:1 Commercial RE Loan to Value 66.3% Debt Coverage Ratio 1.35:1 Values are weighted average ratios, at origination [LOGO] 9 Asset Quality of Multi-family Loans Non-Accrual Loans/ Nationwide Total Loans/(1)/ ---------------- Multi-family 0.13% Single family 0.93% Commercial Real Estate 1.22% Construction 1.60% Business Loans 2.17% Consumer 0.64% Multi-family Loans CCBI 0.00% Western Region Thrifts 0.05% Nationwide Thrifts 0.13% - --------------- (1) Based upon 12/31/02 Thrift Financial Reports for nationwide savings institutions [LOGO] 10 Financial and Operating Performance Balance Sheet Total Assets ($ in Millions) 3/02 6/02 9/02 12/02 3/03 $602 $649 $753 $849 $1,173 _________________________ 18% CQGR (1) (1) CQGR - Compound Quarterly Growth Rate: 3/02 to 3/03 [LOGO] 11 Financial and Operating Performance Balance Sheet Loans Held for Investment, Net ($ in Millions) 3/02 6/02 9/02 12/02 3/03 $282.0 $334.0 $406.0 $469.0 $572.8 _____________________________ 19% CQGR (1) (1) CQGR - Compound Quarterly Growth Rate: 3/02 to 3/03 [LOGO] 12 Financial and Operating Performance Balance Sheet Total Securities ($ in Millions) 3/02 6/02 9/02 12/02 3/03 $177 $228 $238 $310 $447 ______________________ 26% CQGR (1) (1) CQGR-Compound Quarterly Growth Rate: 3/02 to 3/03 [LOGO] 13 Financial and Operating Performance Balance Sheet Total Deposits ($ in Millions) 3/02 6/02 9/02 12/02 3/03 $173 $256 $328 $312 $408 ________________ 24% CQGR (1) (1) CQGR - Compound Quarterly Growth Rate: 3/02 to 3/03 [LOGO] 14 Financial and Operating Performance Balance Sheet Total Borrowings ($ in Millions) 3/02 6/02 9/02 12/02 3/03 $395 $355 $381 $452 $649 [LOGO] 15 Financial and Operating Performance Balance Sheet ($ in Millions) Stockholders' Equity 3/02 6/02 9/02 12/02 3/03 $28.2 $33.4 $38.0 $77.6 $84.8 [LOGO] 16 Financial and Operating Performance Loan Originations Consolidated Loan Originations ($ in Millions) 3/02 6/02 9/02 12/02 3/03 $192 $179 $189 $200 $267 [LOGO] 17 Financial and Operating Performance Loans CCM Loan Originations by Average LTV & DCR Debt Coverage Ratio 3/02 6/02 9/02 12/02 3/03 1.31 1.33 1.30 1.31 1.27 Loan to Value 3/02 6/02 9/02 12/02 3/03 70.4% 68.4% 68.5% 69.7% 69.7% [LOGO] 18 Financial and Operating Performance Loans Originations for Quarter Ended March 31, 2003 Multi-family Commercial Business Residential Real Estate Loans 93% 5% 2% Loans Held for Investment at March 31, 2003 Multi-family Commercial Business Residential Real Estate Loans Other 86% 11% 2% 1% [LOGO] 19 Financial and Operating Performance Deposits Total Deposits ($ in Millions) 3/02 6/02 9/02 12/02 3/03 $173 $256 $328 $312 $408 [LOGO] 20 Financial and Operating Performance Deposits Deposit Composition at March 31, 2002 Certificates of Money Demand Savings Deposits Market Deposits Accounts 91% 4% 3% 2% Deposit Composition at March 31, 2003 Certificates of Money Demand Savings Deposits Market Deposits Accounts 42% 55% 2% 1% [LOGO] 21 Financial and Operating Performance Revenues Total Revenues ($ in Millions) 3/02 6/02 9/02 12/02 3/03 $8.2 $10.7 $13.2 $14.0 $16.6 19% CQGR (1) (1) CQGR - Compound Quarterly Growth Rate: 3/02 to 3/03 [LOGO] 22 Financial and Operating Performance Revenues Net Interest Income ($ in Millions) 3/02 6/02 9/02 12/02 3/03 $4.0 $5.0 $5.6 $6.3 $8.1 19% CQGR (1) (1) CQGR - Compound Quarterly Growth Rate: 3/02 to 3/03 [LOGO] 23 Financial and Operating Performance Revenues Noninterest Income / Total Revenue 3/02 6/02 9/02 12/02 3/03 13.0% 13.3% 19.0% 18.7% 19.4% [LOGO] 24 Financial and Operating Performance Expenses G&A to Average Assets 3/02 6/02 9/02 12/02 3/03 1.63% 1.44% 1.59% 1.35% 1.36% [LOGO] 25 Financial and Operating Performance Expenses Efficiency Ratio 3/02 6/02 9/02 12/02 3/03 36.8% 33.7% 35.3% 30.6% 30.1% [LOGO] 26 Financial and Operating Performance Profitability Ratios Return on Average Assets 3/02 6/02 9/02 12/02 3/03 1.35% 1.54% 1.45% 1.59% 1.70% [LOGO] 27 Financial and Operating Performance Profitability Ratios Return on Average Equity 3/02 6/02 9/02 12/02 3/03 21.4% 29.9% 29.2% 29.0% 20.6% [LOGO] 28 Financial and Operating Performance Profitability Ratios Net Interest Margin 3/02 6/02 9/02 12/02 3/03 3.64% 3.46% 3.26% 3.27% 3.39% [LOGO] 29 Financial and Operating Performance Equity Equity to Assets 3/02 6/02 9/02 12/02 3/03 4.7% 5.2% 5.1% 9.1% 7.2% Tangible Equity to Assets 3/02 6/02 9/02 12/02 3/03 2.5% 3.1% 3.3% 7.6% 6.1% [LOGO] 30 Financial and Operating Performance Equity Book Value per Share 3/02 6/02 9/02 12/02 3/03 $3.15 $3.73 $4.24 $5.55 $5.91 17% CQGR (1) Tangible Book Value per Share 3/02 6/02 9/02 12/02 3/03 $1.70 $2.28 $2.78 $4.62 $5.00 31% CQGR (1) (1) CQGR - Compound Quarterly Growth Rate: 3/02 to 3/03 [LOGO] 31 Financial and Operating Performance Earnings Quarterly Net Income ($ in Millions) 3/02 6/02 9/02 12/02 3/03 $1.5 $2.3 $2.6 $3.2 $4.2 29% CQGR (1) (1) CQGR - Compound Quarterly Growth Rate: 3/02 to 3/03 [LOGO] 32 Financial and Operating Performance Earnings Fully Diluted Earnings Per Share 3/02 6/02 9/02 12/02 3/03 $0.17 $0.24 $0.27 $0.31* $0.28# * 10,309,944 average diluted shares outstanding for Q4 2002 # 14,989,534 average diluted shares outstanding for Q1 2003 [LOGO] 33 [LOGO] Commercial Capital Bancorp, Inc. 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