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. NASDAQ: CCBI