Exhbit 99.1

Contact:	Stephen H. Gordon	Chairman & CEO	Telephone: (949) 585-7500
	Christopher G. Hagerty	EVP & CFO	Facsimile: (949) 585-0174

COMMERCIAL CAPITAL BANCORP, INC. ANNOUNCES RECORD THIRD
QUARTER EARNINGS OF $0.23 PER SHARE ON NET INCOME OF $5.4 MILLION

- Record Loan Originations and Loan Growth While Margins Expand
and Efficiency Ratio Declines Below 28% -

Irvine, CA – October 27, 2003 – Commercial Capital Bancorp, Inc. (“CCBI” or the “Company”), (NASDAQ: “CCBI”), the holding company for Commercial Capital Bank (the “Bank”), Commercial Capital Mortgage, Inc. (“CCM”), ComCap Financial Services, Inc. (“ComCap”), and Commercial Capital Asset Management, Inc. (“CCAM”), announced today record net income of $5.4 million, or $0.23 per diluted share, for the third quarter ended September 30, 2003, an increase of 104% and 28%, respectively, from $2.6 million and $0.18 per diluted share, for the third quarter of 2002.(1) The Company’s net income for the nine-month period ended September 30, 2003 was $14.3 million, or $0.62 per diluted share, an increase of 120% and 38%, respectively, from $6.5 million and $0.45 per diluted share, for the nine-month period ended September 30, 2002.(1) CCBI’s return on average equity (“ROAE”) and return on average assets (“ROAA”) for the third quarter of 2003 were 23.84% and 1.58%, respectively, compared to 29.19% and 1.45% for the third quarter of 2002. CCBI’s ROAE and ROAA for the nine-month period ended September 30, 2003 was 21.88% and 1.58%, respectively, compared to 27.08% and 1.46%, for the nine-month period ended September 30, 2002. During the three and nine-month periods ended September 30, 2003, the market value of the Company’s shares rose 51% and 164%, respectively, which resulted in a greater dilutive effect on the Company’s earnings per share calculation in accordance with the treasury stock method of accounting for stock options per SFAS No. 128.

Stephen H. Gordon, Chairman and Chief Executive Officer, stated, “The quarter began to show the true strength and agility of the Company, despite the overall increase in actual interest rates and the increased volatility experienced during the quarter. The quarter’s results reflect record levels of loan originations, and a record increase in loans held for investment. Net interest margin and spread expanded as we transitioned over $130 million of lower yielding mortgage-backed securities into the Company’s higher yielding, adjustable-rate multi-family and commercial real estate loans, while we continued to lower our cost of funds and extend the duration of our liabilities, well positioning the Company for potentially higher interest rates. We enter the fourth quarter with continued excellent asset quality, increased capital ratios, a record loan origination pipeline and anticipating significant growth beginning early in the fourth quarter.”

($ in 000’s, except per share data)	Q3 2003			Q2 2003			Q3 2002			Year to Date 9/30/2003			Year to Date 9/30/2002
Net income	$	5,357		$	4,675		$	2,624		$	14,271		$	6,501
Basic EPS(1)		0.24			0.21			0.20			0.65			0.48
Diluted EPS(1)		0.23			0.20			0.18			0.62			0.45
Net interest income		10,808			9,999			5,633			28,871			14,648
Net interest margin		3.32	%		3.29	%		3.26	%		3.33	%		3.43	%
Total revenues	$	18,546		$	19,332		$	13,226		$	54,484		$	32,161
ROAA		1.58	%		1.48	%		1.45	%		1.58	%		1.46	%
ROAE		23.84			21.08			29.19			21.88			27.08
ROAE - Tangible		27.89			24.70			45.77			25.74			45.65
Efficiency ratio		27.55			29.18			35.32			28.91			35.15
Loan originations	$	331,384		$	207,128		$	189,290		$	805,463		$	560,487

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Some of the Company’s third quarter 2003 highlights and achievements include:

• The Company’s total loan originations increased 60% to a record $331.4 million from $207.1 million for the second quarter of 2003, and increased 75% from $189.3 million for the third quarter of 2002. Net of $88.0 million of fixed-rate loans that were funded through its recently announced strategic alliance with Greystone Servicing Corporation, a Fannie Mae DUS lender, and the Company’s other broker and conduit channels, the Company’s core loan originations, comprised of adjustable-rate loans, increased 33% to $243.4 million from $183.7 million for the second quarter of 2003, and increased 43% from $170.4 million for the third quarter of 2002.

• The Company’s loans held for investment increased a record $160.1 million, or 23%, to $857.1 million at September 30, 2003, from $697.0 million at June 30, 2003, and increased $450.6 million, or 111%, from $406.5 million, at September 30, 2002. The Company retained a record 91% of its core loan originations during the third quarter of 2003, compared to 86% during the second quarter of 2003 and 51% of its core loan originations during the third quarter of 2002. The Company’s ability to retain a significantly larger portion of its originations is a result of the previously announced April 1, 2003 realignment of the Company’s lending operations (hereinafter referred to as the “Realignment”). Total loans held for investment grew at an annualized growth rate of 92% during the third quarter of 2003.

• The Company’s core loan originations pipeline was a record $270 million at the end of the third quarter of 2003, compared to $182 million at the end of the second quarter of 2003.

• The Company’s balance sheet management strategies during the quarter included a $132.2 million reduction in the front-loaded, lower yielding mortgage-backed securities portfolio, which was transitioned into the Company’s higher yielding multi-family and commercial real estate loans. The beneficial impact of this transition on interest income will be seen beginning in the fourth quarter of 2003 as the majority of the reduction in securities occurred early in the third quarter, while the funding of the loans occurred throughout the quarter, resulting in average total assets of $1.36 billion for the third quarter of 2003, compared to ending total assets of $1.45 billion and $1.41 billion at September 30, 2003, and June 30, 2003, respectively. At September 30, 2003, total securities were 31% of total assets compared to 41% at June 30, 2003.

• The Company’s total deposits increased 7% to $566.4 million at September 30, 2003, from $529.6 million at June 30, 2003, and 73% from $328.1 million at September 30, 2002. Transaction accounts increased 11% to $324.6 million at September 30, 2003, from $292.0 million at June 30, 2003, and 100% from $162.1 million at September 30, 2002. At September 30, 2003, transaction accounts represented 57% of total deposits, of which business deposits accounted for 18% of total transaction accounts. Total deposits grew at an annualized growth rate of 28% during the third quarter of 2003.

• The Company’s net interest income increased 8% to $10.8 million for the third quarter of 2003 from $10.0 million for the second quarter of 2003, and 92% from $5.6 million for the third quarter of 2002, as interest income earned on real estate loans increased 11% to $11.3 million for the third quarter of 2003 from $10.2 million for the second quarter of 2003. Interest income from real estate loans grew at an annualized rate of 45% during the third quarter of 2003.

• The Company’s net interest margin expanded by three basis points to 3.32% during the third quarter of 2003 from 3.29% during the second quarter of 2003, and by six basis points from 3.26% during the third quarter of 2002. This margin expansion occurred despite the overall increase in market interest rates and the increased volatility experienced during the third quarter of 2003.

• The Company’s efficiency ratio declined for the fourth consecutive quarter to 27.55% for the third quarter of 2003, from 29.18% for the second quarter of 2003, and 35.32% for the third quarter of 2002. The Company defines its efficiency ratio as general and administrative expenses as a percentage of net interest income and noninterest income. General and administrative expenses as a percentage of average assets declined to 1.00% for the third quarter of 2003 from 1.21% for the second quarter of 2003, and 1.59% for the third quarter of 2002.

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• The Company determined that a provision for loan losses was not required for the third quarter of 2003 based on the comprehensive asset quality review completed during the third quarter of 2003. At September 30, 2003, nonperforming assets represented 0.01% of total assets, while the allowance for loan losses totaled 2250% of nonperforming assets, and the Company continued to exhibit excellent asset quality having no nonperforming multi-family and commercial real estate loans, which account for 98% of the Company’s loans held for investment.

• The Company’s net income increased 15% to $5.4 million for the third quarter of 2003, from $4.7 million for the second quarter of 2003, and 104% from $2.6 million for the third quarter of 2002. Net income grew at an annualized growth rate of 58% during the third quarter of 2003. The Company’s ROAE increased to 23.84% for the third quarter of 2003, from 21.08% for the second quarter of 2003. The Company’s ROAA increased to 1.58% for the third quarter of 2003, from 1.48% for the second quarter of 2003. The Company grew tangible equity at an annualized rate of 24% during the third quarter of 2003.

• In September 2003, the Company issued an additional $7.5 million of trust preferred securities with an interest rate of three month LIBOR plus 290 basis points. The proceeds from this issuance were contributed to the Company’s banking subsidiary, Commercial Capital Bank, to support further growth. The Bank’s Tier 1 core capital ratio increased to 8.28% with Tier 1 core capital of $116.8 million for the third quarter of 2003, from 8.06% and $102.2 million, respectively, for the second quarter of 2003, well positioning the Bank for anticipated significant growth as the Company enters the fourth quarter of 2003.

• In September 2003, the Bank opened a banking office in La Jolla, California. The new banking office will serve the Company’s existing concentration of franchise relationships in San Diego County, the third most populous county in California, behind Los Angeles and Orange counties. The Company has an established market presence in San Diego County, having already originated and funded over $215 million of multi-family and commercial real estate loans and gathered approximately $23 million in deposits at September 30, 2003.

• Commercial Capital Bank was the fastest growing bank in California for the 36-month period ended June 30, 2003, according to data available from the FDIC website www.fdic.gov. Additionally, the Company was the fourth largest originator of multi-family loans in California for the 12-month period ended June 30, 2003, according to information available from Dataquick Information Systems.

• The Company completed a three-for-two stock split on September 29, 2003.

NET INTEREST INCOME

The Company’s net interest income increased 92% and 97% to $10.8 million and $28.9 million for the three and nine-month periods ended September 30, 2003, respectively, from $5.6 million and $14.6 million for the three and nine-month periods ended September 30, 2002, respectively. The Company’s net interest margin was 3.32% and 3.33% for the three and nine-month periods ended September 30, 2003, respectively, compared to 3.26% and 3.43% for the three and nine-month periods ended September 30, 2002, respectively. The Company’s interest rate spread was 3.26% and 3.22% for the three and nine-month periods ended September 30, 2003, respectively, compared to 3.22% and 3.32% for the three and nine-month periods ended September 30, 2002, respectively.

The Company’s yield on interest-earning assets decreased to 5.24% and 5.39% for the three and nine-month periods ended September 30, 2003, respectively, compared to 6.21% and 6.35% for the three and nine-month periods ended September 30, 2002, respectively. The Company’s cost of interest-bearing liabilities decreased to 1.98% and 2.17% for the three and nine-month periods ended September 30, 2003, respectively, compared to 2.99% and 3.03% for the three and nine-month periods ended September 30, 2002, respectively. The Company’s cost of funds, which includes the effect of noninterest-bearing deposits, decreased to 1.97% and 2.15% for the three and nine-month periods ended September 30, 2003, respectively, compared to 2.96% and 3.00% for the three and nine-month periods ended September 30, 2002.

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During the third quarter of 2003, the Company’s yield on interest-earning assets declined 12 basis points, while the rate on interest-bearing liabilities declined 21 basis points. The expansion of the Company’s net interest spread and margin during the third quarter of 2003 reflects the ongoing reduction in the Company’s cost of interest-bearing liabilities, primarily due to a large amount of transaction deposits that can be repriced instantaneously and the impact of prepaying high-costing fixed-rate FHLB advances and replacing them with lower-costing, longer duration FHLB advances. The improvement in net interest income metrics also reflects the earlier indicated transition of the proceeds from sales of and cash flows received from the front-loaded growth in lower yielding mortgage-backed securities into the Company’s higher yielding multi-family and commercial real estate loans, which increased $159.9 million during the third quarter of 2003. Mortgage-backed securities represented approximately 31% of total assets at September 30, 2003, compared to 41% and 32% at June 30, 2003 and September 30, 2002, respectively.

During the third quarter of 2003, the Company continued to take proactive steps in managing its net interest margin through the lowering of the cost and extending the duration of its interest-bearing liabilities. The Company accomplished this by utilizing gains on sales of securities to offset penalties incurred through the early extinguishment of higher costing fixed-rate advances from the FHLB and replacing them with lower costing, longer duration, fixed-rate advances. In early July, the Company prepaid an additional $12.2 million of fixed-rate FHLB advances with a weighted average cost of 4.31% and replaced them with longer duration, fixed-rate FHLB advances with a weighted average cost of 1.75%. The Company also changed the composition of its borrowings by paying off $68.8 million of short duration repurchase agreements and replacing this funding source with longer duration FHLB advances and deposits. The Company cut the rate of interest paid on its money market accounts in mid-July, early August, and early September, for a cumulative reduction of 15 basis points on balances of $50,000 or more, the full impact of which will be realized beginning in the fourth quarter of 2003. The Company had an average balance of money market deposits of $296.6 million during the third quarter of 2003. Money market deposits totaled $312.5 million at September 30, 2003, an increase of 12% and 105% from $278.5 million and $152.3 million, at June 30, 2003 and September 30, 2002, respectively.

NONINTEREST INCOME

Noninterest income decreased 41% to $1.5 million for the three-month period ended September 30, 2003, compared to $2.5 million for the three-month period ended September 30, 2002. Noninterest income increased 55% to $7.7 million for the nine-month period ended September 30, 2003, compared to $5.0 million for the nine-month period ended September 30, 2002. The Company’s noninterest income included gains on sales of securities of $395,000, and $3.6 million for the three and nine-month periods ended September 30, 2003, respectively, compared to $574,000 and $630,000 for the three and nine-month periods ended September 30, 2002. The $395,000 gain on sale of securities during the third quarter of 2003 offset the $320,000 prepayment penalty incurred from the early extinguishment of debt, during the same period.

The Company’s noninterest income for the three-month period ended September 30, 2003 also included $198,000 of cash gains on sales of loans, $244,000 in net mortgage banking fees, and $649,000 in other income including miscellaneous banking, trust, securities brokerage and bank-owned life insurance income. The gain on sales of loans represents cash gains received on sales to third parties. The reduction in gain on sales of loans, despite the increase in originations for the three-month period ended September 30, 2003, compared to the same period of 2002, is a result of the Realignment, which enables the Company to now retain a greater percentage of its loan originations, which enhances recurring net interest income rather than “one-time” noninterest income.

The Company’s noninterest income as a percentage of total revenues, defined as total interest income and noninterest income, was 8% for the third quarter of 2003, compared to 16% for the second quarter of 2003, and 19% for the third quarter of 2002. As the Company continues to benefit from retaining a significantly increased percentage of its originations as loans held for investment, the ratio of noninterest income to total revenue continues to decline as a result of interest income becoming a significantly larger component of the Company’s revenues and the decrease in revenue from the gain on sale of loans and securities.

NONINTEREST EXPENSES

The Company’s efficiency ratio declined for the fourth consecutive quarter to 27.55% and 28.91% for the three and nine-month periods ended September 30, 2003, respectively, compared to 35.32% and 35.15% for the three and nine-month periods ended September 30, 2002, respectively. General and administrative expenses declined to 1.00% and 1.17% of total average assets for the three and nine-month periods ended September 30, 2003, respectively, compared to 1.59% and 1.55% for the three and nine-month periods ended September 30, 2002, respectively.

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The Company’s general and administrative expenses totaled $3.4 million and $10.6 million for the three and nine-month periods ended September 30, 2003, respectively, compared to $2.9 million and $6.9 million for the three and nine-month periods ended September 30, 2002, respectively. The increase during the three-month period ended September 30, 2003 compared to the three-month period ended September 30, 2002 is primarily due to higher personnel and occupancy costs related to the growth of the Company. During the three and nine-month periods ended September 30, 2003, the Company recorded $320,000 and $1.2 million, respectively, in costs associated with the early extinguishment of fixed-rate FHLB advances, compared to $508,000 for both the three and nine-month periods ended September 30, 2002. The $320,000 prepayment penalty incurred from the early extinguishment of debt during the third quarter of 2003 was offset by the $395,000 gain on sale of securities during the same period.

INCOME TAXES

The Company’s effective tax rate declined to 37.61% and 39.26% for the three and nine-month periods ended September 30, 2003, respectively, compared to 39.26% and 40.80% for the three and nine-month periods ended September 30, 2002, respectively. The decline in the Company’s effective tax rate includes the realization of tax benefits from certain multi-family and commercial real estate loans located in California Enterprise Zones, as well as the recognition of affordable housing tax credits.

BALANCE SHEET AND CAPITAL

The Company had total consolidated assets of $1.45 billion at September 30, 2003, an increase of 3% and 93% from $1.41 billion and $753.0 million at June 30, 2003 and September 30, 2002, respectively. The Company experienced a record increase in loans held for investment during the third quarter of 2003 due to the Realignment, as the Company retained 91% of its core loan originations. Additionally, the Company’s securities portfolio totaled $449.0 million, a decrease of 23% and an increase of 88% from $581.2 million and $238.3 million at June 30, 2003 and September 30, 2002, respectively. The decline in securities during the third quarter of 2003 reflects the strategic transition of the front loaded growth in lower yielding mortgage-backed securities into the Company’s higher yielding multi-family and commercial real estate loans. This transition of balance sheet geography during the third quarter of 2003 resulted in lower balance sheet growth than experienced in prior quarters. The effects of this transition is also reflected in the Company’s average assets of $1.36 billion for the third quarter of 2003, compared to ending total assets at September 30, 2003 and June 30, 2003 of $1.45 billion and $1.41 billion, respectively, since the majority of the reduction in securities occurred early in the third quarter, while the funding of the loans occurred throughout the quarter. The Company anticipates significant continued balance sheet growth as it enters the fourth quarter of 2003 as indicated by the Company’s $270 million core loan origination pipeline at October 1, 2003. The Company intends to continue to retain the vast majority of its multi-family and commercial real estate loan originations, while maintaining approximately the same percentage mix of loans held for investment and investment securities that existed at September 30, 2003.

The Company’s deposits totaled $566.4 million at September 30, 2003, an increase of 7% and 73% from $529.6 million and $328.1 million at June 30, 2003 and September 30, 2002, respectively. The increase in deposits from September 30, 2002 is primarily attributable to the growth of the Bank’s money market accounts and time deposits. The Company continued to successfully mature the composition of its deposit base as the focus on attracting money market deposits resulted in transaction accounts now accounting for more than 57% of total deposits at September 30, 2003 versus 49% at September 30, 2002. Of the Company’s money market deposits at September 30, 2003, the majority was from Orange, Los Angeles, Riverside and San Diego counties, with business deposits accounting for $51.6 million or 17% of the total. The Company continues to focus on attracting money market deposits and other transaction accounts, which increased $32.5 million to $324.6 million, or 11% during the quarter. The Company’s time deposits totaled $241.9 million at September 30, 2003, an increase of 2% and 46% from $237.6 million and $165.9 million at June 30, 2003 and September 30, 2002, respectively.

Borrowings totaled $755.6 million, a decrease of 1% and an increase of 98% from $765.5 million and $380.9 million at June 30, 2003 and September 30, 2002, respectively. FHLB advances totaled $686.6 million, an increase of 13% and 222% from $606.7 million and $213.4 million at June 30, 2003 and September 30, 2002, respectively. During the quarter, the Company utilized the opportunity presented by the current interest rate environment to lower the cost and extend the duration of its liabilities at extraordinarily low rates, in anticipation that rates may rise at some point in the future. In September 2003, the Company issued an additional $7.5 million of trust preferred securities with an interest rate of three month LIBOR plus 290 basis points. The initial interest rate was established at 4.04%. The proceeds from this issuance were contributed to the Bank, to support further growth. All repurchase agreements were paid off to a zero balance at September 30, 2003, from $68.8 million and $99.4 million at June 30, 2003 and September 30, 2002, respectively, as the Company chose to further extend the duration of its borrowings in light of increased volatility and in anticipation of potentially higher interest rates at some point in the future. The Company’s loans held for sale continue to be funded by a warehouse line of credit.

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Stockholders’ equity totaled $96.1 million, an increase of 5% and 153% from $91.3 million and $38.0 million at June 30, 2003, and September 30, 2002, respectively. The Company’s ratios of equity to assets and tangible equity to assets increased during the third quarter of 2003 to 6.63% and 5.73%, respectively, compared to 6.47% and 5.55% at June 30, 2003. The increase in capital ratios is primarily a result of the Company’s retained earnings generated during the quarter, as well as the quarter’s strategic balance sheet transition, which resulted in relatively flat balance sheet growth. The Company’s tangible equity grew at an annualized growth rate of 24% during the third quarter of 2003.

In addition, the capital ratios of the Bank continued to exceed federal regulatory requirements for classification as a “well-capitalized” institution, the highest regulatory standard, with an estimated Tier 1 core capital ratio of 8.28% and Tier 1 core capital of $116.8 million at September 30, 2003, compared to 8.06% and Tier 1 core capital of $102.2 million at June 30, 2003. The increase in the Bank’s Tier 1 core capital ratio from the prior period is a result of the Bank’s earnings and the contribution of capital from its parent, primarily from the issuance of trust preferred securities and retained earnings at CCM.

LOAN ORIGINATIONS

The Company’s consolidated loan originations during the third quarter of 2003 totaled a record $331.4 million, primarily consisting of multi-family and commercial real estate loans, an increase of 60% and 75% from $207.1 million and $189.3 million for the second quarter of 2003 and third quarter of 2002, respectively. Core loan originations, which are net of loans that were funded through the recently announced strategic alliance with Greystone Servicing Corporation, a Fannie Mae DUS lender, and the Company’s other broker and conduit channels, were $243.4 million during the third quarter of 2003, an increase of 33% and 43% from $183.7 million and $170.4 million, for the second quarter of 2003 and third quarter of 2002, respectively. The Company’s consolidated loan originations increased 44% to a record $805.5 million during the nine-month period ended September 30, 2003, from $560.5 million for the nine-month period ended September 30, 2002. The Company’s core loan origination pipeline increased 48% to a record $270 million entering the fourth quarter of 2003, from $182 million entering the third quarter of 2003. It is the Company’s belief that its loan origination volumes are driven more by the continued maturation of its franchise and less a result of the interest rate environment. The Company has originated, from its inception through September 30, 2003, approximately $2.8 billion in loans.

The Realignment resulted in the Bank becoming the originator of most of the Company’s loans, and enabled the Bank to hold a significantly increased percentage of the Company’s loan originations. The Company retained for investment a record $221.8 million or 91% of its core originations for the third quarter ended September 30, 2003, compared to $157.8 million or 86% for the second quarter ended June 30, 2003, and $87.1 million or 51% for the third quarter of 2002. CCM continues to actively maintain and utilize its independent, third-party provided, warehouse line of credit to fund and sell those loans which the Bank elects to assign to CCM for reasons which may include the Bank’s loans to one borrower limits, capital constraints, geographic concentrations or for other reasons as determined by management.

PORTFOLIO ASSET QUALITY

The Company’s average loan size for the multi-family and commercial real estate loans held for investment portfolios at September 30, 2003 was $1.3 million and $1.2 million, respectively. At September 30, 2003, the Company’s multi-family real estate loans held for investment, at origination, had a weighted average loan to value ratio of 68.5%, and a weighted average debt coverage ratio of 1.29, and commercial real estate loans, at origination, had a weighted average loan to value ratio of 65.2%, and a weighted average debt coverage ratio of 1.40. The Company had one nonaccrual loan, a commercial business line of credit, with a $175,000 outstanding balance as of September 30, 2003, which is the only nonperforming asset at that date. The loan is currently performing in accordance with its restructuring agreement and its outstanding balance has declined from $205,000 and $225,000 at June 30, 2003 and March 31, 2003, respectively. Nonperforming assets represented 0.01% of total assets at September 30, 2003. The Company had no nonperforming or nonaccrual loans at September 30, 2002. The Company experienced a charge-off during the quarter ended September 30, 2003, a business line of credit totaling $64,000.

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The Company completed its comprehensive asset quality review during the third quarter of 2003 based on its enhanced asset classification process and used this current information to calculate the allowance for loan losses based on, among other qualitative and quantitative factors, updated industry and peer comparison data. This comprehensive review indicated that a provision for loan losses for the third quarter of 2003 was not required and that the allowance for loan losses is adequate to cover potential losses inherent in the loan portfolio. Future additions to the allowance for loan losses may be required as a result of the factors described below.

Management establishes the allowance for loan losses commencing with the credit quality and historical performance of the Company’s multi-family and commercial real estate loan portfolio, which accounts for 98% of the loan portfolio and has not resulted in any delinquencies more than one payment past due, non-performing loans, adverse classifications or losses. The Company’s overall asset quality remained sound, as supported by its internal risk rating process. The multi-family and commercial real estate loan portfolio is more seasoned and continues to be subjected to a comprehensive asset quality review and asset classification process. Management establishes the allowance for loan losses based on the analysis of the overall asset quality of the loan portfolio, qualitative environmental risk factors and peer analysis.

The allowance for loan losses is derived by analyzing the historical loss experience and asset quality within each loan portfolio segment, along with assessing qualitative environmental factors, and correlating it with the delinquency and classification status for each portfolio segment. Management utilizes a loan grading system with five classification categories, including assets classified as Pass, based upon credit risk characteristics and categorizes each loan asset by risk grade allowing for a more consistent review of similar loan assets. Management has also evaluated the loss exposure of classified loans, which are also reviewed individually based on the evaluation of the cash flow, collateral, other sources of repayment, guarantors and any other relevant factors to determine the inherent loss potential in the credit.

Management considers the following qualitative environmental factors in determining the allocated loss factors when analyzing the allowance for loan losses: the levels of and trends in past due, non-accrual and impaired loans; levels of and trends in charge-offs and recoveries; the trend in volume and terms of loans; the effects of changes in credit concentrations; the effects of changes in risk selection and underwriting standards, and other changes in lending policies, procedures and practices; the experience, ability and depth of management and other relevant staff; national and local economic trends and conditions; and industry conditions.

The overall adequacy of the allowance for loan losses is reviewed by the Bank’s Internal Asset Review Committee on a quarterly basis and submitted to the Board of Directors for approval. The Internal Asset Review Committee’s responsibilities consist of risk management, as well as problem loan management, which include ensuring proper risk grading of all loans and analysis of specific allocations for all classified loans.

CCBI, headquartered in Irvine, CA, is a multifaceted financial services company which provides financial services to meet the needs of its client base, which includes income-property real estate investors, middle market commercial businesses, and high net-worth individuals, families and professionals. At September 30, 2003, CCBI had total assets of $1.45 billion, was the 4th largest multi-family lender in California during the 12 months ended June 30, 2003 (source: Dataquick Information Systems) and has originated approximately $2.8 billion in multi-family and commercial real estate loans through September 30, 2003. Commercial Capital Bank, the Company’s bank subsidiary, was the fastest growing banking organization in California, based on percentage growth in total assets over the 36 months ended June 30, 2003 (source: www.fdic.gov). The Bank has full service banking offices located at the Company’s headquarters in Irvine, Rancho Santa Margarita, Riverside, and La Jolla and loan origination offices in Sacramento, Corte Madera (Marin County), Oakland, Burlingame, Woodland Hills, Encino, Los Angeles, Irvine, and La Jolla, CA. Commercial Capital Mortgage, Inc., the Company’s mortgage banking subsidiary, funds and sells those loans which the Bank elects to assign to CCM. ComCap Financial Services, Inc., the Company’s NASD registered broker dealer, provides fixed income and mortgage-backed securities advisory and brokerage services to corporations, high net-worth individuals and other financial institutions. Commercial Capital Asset Management, Inc., the Company’s asset management subsidiary, provides asset management services to alternative investment funds, made available to accredited investors.

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CONFERENCE CALL AND WEBCAST INFORMATION

Analysts and investors may listen to a discussion of the third quarter of 2003 performance and participate in the question/answer session either by dialing the phone number listed below, or through viewing a live video webcast of the discussion accessed through a link on the home page of the Company’s website at www.commercialcapital.com. The multimedia webcast enables participants to listen to the discussion and simultaneously view the video broadcast, tables, charts, an outline of the performance highlights, and submit questions for live response from the hosts. Either Real Media or Windows Media player is required for viewing the video webcast.

Conference Call
Date: Monday, October 27, 2003
Time: 7:30 a.m. PST (10:30 a.m. EST)
Phone Number (800) 884-5695
Access Code: 68513654
Webcast
Date: Monday, October 27, 2003
Time: 7:30 a.m. PST (10:30 a.m. EST)
Webcast URL: www.commercialcapital.com
Real Media or Windows Media player required

Replay information: for those who are unable to participate in the call or webcast, an archive of the webcast will be available on the Company’s site at www.commercialcapital.com beginning approximately 2 hours following the end of the call. The archive will be available until December 7, 2003.

It is recommended that participants dial into the call, or log in to the webcast, approximately 5 to 10 minutes prior to the event.

This press release and aforementioned webcast 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.

(1) Per-share data have been adjusted to reflect the 3-for-2 stock split completed on September 29, 2003.

8/15

COMMERCIAL CAPITAL BANCORP, INC.
UNAUDITED CONSOLIDATED STATEMENT OF FINANCIAL CONDITION
(Dollars in Thousands, except per share data)

	SEPT. 30, 2003			SEPT. 30, 2002
ASSETS
Cash and Bank Accounts	$	8,347		$	2,763
Fed Funds		20,500			26,000
Securities
MBS - Held To Maturity		—			2,048
MBS - Available For Sale		448,859			236,115
Other Investments - Available For Sale		101			101
Total Securities		448,960			238,264
FHLB Stock		35,395			10,832
Loans Held for Investment
Single Family		2,754			4,425
Multifamily		764,996			341,555
Commercial Real Estate		83,687			49,152
Total Real Estate Loans		851,437			395,132
Business Loans		2,773			4,714
Business & Consumer Lines of Credit		7,578			8,864
Consumer Loans		46			58
Total Loans		861,834			408,768
Premiums on Loans Purchased		88			186
Unearned Net Loan Fees and Discounts		(896	)		(119	)
Allowance for Loan Losses		(3,938	)		(2,358	)
Total Loans Held for Investment, Net		857,088			406,477
Loans Held for Sale		26,514			40,914
Fixed Assets - net		1,400			915
Foreclosed Assets		—			—
Accrued Interest Receivable		5,514			3,189
Goodwill		13,035			13,035
Other Assets		32,835			10,570
TOTAL ASSETS	$	1,449,588		$	752,959
LIABILITIES AND STOCKHOLDERS’ EQUITY
Deposits
Demand Deposit	$	9,685		$	8,048
Money Market		312,501			152,317
Savings		2,365			1,760
Total Transaction Deposits		324,551			162,125
Retail Time Deposits		183,742			147,906
Broker Time Deposits		58,117			18,042
Total Time Deposits		241,859			165,948
Total Deposits		566,410			328,073
Borrowings
FHLB Advances		686,562			213,432
Securities Sold Under Agreements to Repurchase		—			99,445
Trust Preferred Securities		42,500			35,000
Warehouse Lines of Credit		26,512			33,057
Total Borrowings		755,574			380,934
Other Liabilities		31,502			5,963
TOTAL LIABILITIES		1,353,486			714,970
STOCKHOLDERS’ EQUITY		96,102			37,989
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	1,449,588		$	752,959
Operating Data
Performance Ratios and Other Data:	SEPT. 30, 2003			SEPT. 30, 2002
Equity to assets at end of period		6.63	%		5.05	%
Tangible equity to assets at end of period		5.73			3.31
Nonperforming assets	$	175		$	—
Nonperforming assets to total assets		0.01	%		NM
Net charge-offs		64			—
Allowance for loan losses to total loans held for investment
at end of period		0.46	%		0.58	%
Allowance for loan losses to nonperforming assets		2250	%		NM
Per Share Data
Common shares outstanding at end of period (1)		22,394,899			13,447,302
Book value per share (1)	$	4.29		$	2.83
Tangible book value per share (1)		3.71			1.86

(1) share data has been adjusted to reflect a 3-for-2 stock split on September 30, 2003.

NM - Not meaningful data

9/15

COMMERCIAL CAPITAL BANCORP, INC.
UNAUDITED CONSOLIDATED STATEMENT OF OPERATIONS
(Dollars in Thousands, except per share data)

	THREE MONTHS ENDED
	SEPT. 30, 2003			SEPT. 30, 2002
Interest Income
Real Estate Loans	$	11,293		$	6,551
Other Loans		132			180
Investments		5,635			3,988
Total Interest Income		17,060			10,719
Interest Expense
Deposits		2,676			2,119
FHLB Advances		2,941			1,674
Repurchase Agreements		76			528
Trust Preferred Securities		438			513
Warehouse Line Advances		121			252
Total Interest Expense		6,252			5,086
Net Interest Income		10,808			5,633
Provision for Loan Losses		—			437
Net Interest Income after Provision for Loan Losses		10,808			5,196
Noninterest Income
Gain on Sale of Loans		198			1,096
Mortgage Banking Fees		244			127
Banking and Servicing Fees		335			109
Trust Fees		88			52
Bank-owned Life Insurance Income		213			85
Securities Brokerage Fees		13			464
Gain on Sale of Securities		395			574
Total Noninterest Income		1,486			2,507
Noninterest Expenses
Compensation and Benefits		2,019			1,589
Severance		—			—
Non-Cash Stock Compensation		—			35
Occupancy		247			190
General Operating		1,121			1,061
Total G&A Expenses		3,387			2,875
Early Extinguishment of Debt		320			508
Total Noninterest Expenses		3,707			3,383
Income Before Taxes		8,587			4,320
Income Tax Expense		3,230			1,696
Net Income	$	5,357		$	2,624
Operating Data	THREE MONTHS ENDED
Performance Ratios and Other Data:	SEPT. 30, 2003			SEPT. 30, 2002
Earnings per share - Basic(1)	$	0.24		$	0.20
Earnings per share - Diluted(1)		0.23			0.18
Weighted average shares outstanding — Basic(1)		22,206,876			13,447,302
Weighted average shares outstanding — Diluted(1)		23,677,477			14,489,200
Return on average assets		1.58	%		1.45	%
Return on average stockholders’ equity		23.84			29.19
Return on average tangible stockholders’ equity		27.89			45.77
Interest rate spread		3.26			3.22
Net interest margin		3.32			3.26
Efficiency ratio		27.55			35.32
G&A to average assets		1.00			1.59
Effective tax rate		37.61			39.26
Total loan originations	$	331,384		$	189,290
Core loan originations		243,415			170,414
Broker/conduit originations		87,969			18,876
Core loan originations retained		221,799			87,123
Percent of core loan originations retained		91	%		51	%

(1) share data has been adjusted to reflect a 3-for-2 stock split on September 30, 2003.

10/15

COMMERCIAL CAPITAL BANCORP, INC.
UNAUDITED CONSOLIDATED STATEMENT OF OPERATIONS
(Dollars in Thousands, except per share data)

	NINE MONTHS ENDED
	SEPT. 30, 2003			SEPT. 30, 2002
Interest Income
Real Estate Loans	$	29,855		$	17,115
Other Loans		430			536
Investments		16,464			9,510
Total Interest Income		46,749			27,161
Interest Expense
Deposits		7,219			4,516
FHLB Advances		7,613			4,345
Repurchase Agreements		929			1,457
Trust Preferred Securities		1,342			1,291
Warehouse Line Advances		775			904
Total Interest Expense		17,878			12,513
Net Interest Income		28,871			14,648
Provision for Loan Losses		1,286			1,251
Net Interest Income after Provision for Loan Losses		27,585			13,397
Noninterest Income
Gain on Sale of Loans		1,744			2,982
Mortgage Banking Fees		604			386
Banking and Servicing Fees		913			244
Trust Fees		279			136
Bank-owned life insurance income		465			158
Securities Brokerage Fees		171			464
Gain on Sale of Securities		3,559			630
Total Noninterest Income		7,735			5,000
Noninterest Expenses
Compensation and Benefits		5,650			3,704
Severance		671			—
Non-Cash Stock Compensation		353			104
Occupancy		653			483
General Operating		3,256			2,616
Total G&A Expenses		10,583			6,907
Early Extinguishment of Debt		1,243			508
Total Noninterest Expenses		11,826			7,415
Income Before Taxes		23,494			10,982
Income Tax Expense		9,223			4,481
Net Income	$	14,271		$	6,501
Operating Data	NINE MONTHS ENDED
Performance Ratios and Other Data:	SEPT. 30, 2003			SEPT. 30, 2002
Earnings per share - Basic(1)	$	0.65		$	0.48
Earnings per share - Diluted(1)		0.62			0.45
Weighted average shares outstanding — Basic(1)		21,848,277			13,416,709
Weighted average shares outstanding — Diluted(1)		23,107,822			14,293,764
Return on average assets		1.58	%		1.46	%
Return on average stockholders’ equity		21.88			27.08
Return on average tangible stockholders’ equity		25.74			45.65
Interest rate spread		3.22			3.32
Net interest margin		3.33			3.43
Efficiency ratio		28.91			35.15
G&A to average assets		1.17			1.55
Effective tax rate		39.26			40.80
Total loan originations	$	805,463		$	560,487
Core loan originations		684,298			496,829
Broker/conduit originations		121,165			63,658
Core loan originations retained		510,720			256,087
Percent of core loan originations retained		75	%		52	%

(1) share data has been adjusted to reflect a 3-for-2 stock split on September 30, 2003.

11/15

COMMERCIAL CAPITAL BANCORP, INC.
UNAUDITED CONSOLIDATED STATEMENT OF FINANCIAL CONDITION
(Dollars in Thousands, except per share data)

	SEPT. 30, 2003			JUNE 30, 2003			MAR. 31, 2003			DEC. 31, 2002			SEPT. 30, 2002
ASSETS
Cash and Bank Accounts	$	8,347		$	2,218		$	3,680		$	3,408		$	2,763
Fed Funds		20,500			—			18,400			—			26,000
Securities
MBS - Held To Maturity		—			—			2,036			2,042			2,048
MBS - Available For Sale		448,859			581,106			444,754			307,932			236,115
Other Investments - Available For Sale		101			101			101			100			101
Total Securities		448,960			581,207			446,891			310,074			238,264
FHLB Stock		35,395			30,282			22,272			15,701			10,832
Loans Held for Investment
Single Family		2,754			3,239			3,855			4,134			4,425
Multifamily		764,996			610,202			496,627			399,928			341,555
Commercial Real Estate		83,687			78,620			65,630			57,858			49,152
Total Real Estate Loans		851,437			692,061			566,112			461,920			395,132
Business Loans		2,773			3,094			4,221			4,531			4,714
Business & Consumer Lines of Credit		7,578			6,185			5,986			5,386			8,864
Consumer Loans		46			79			61			129			58
Total Loans		861,834			701,419			576,380			471,966			408,768
Premiums on Loans Purchased		88			115			142			167			186
Unearned Net Loan Fees and Discounts		(896	)		(577	)		(353	)		(231	)		(119	)
Allowance for Loan Losses		(3,938	)		(4,002	)		(3,325	)		(2,716	)		(2,358	)
Total Loans Held for Investment, Net		857,088			696,955			572,844			469,186			406,477
Loans Held for Sale		26,514			54,890			76,994			18,338			40,914
Fixed Assets - net		1,400			1,023			933			976			915
Foreclosed Assets		—			—			—			—			—
Accrued Interest Receivable		5,514			5,622			4,612			3,543			3,189
Goodwill		13,035			13,035			13,035			13,035			13,035
Other Assets		32,835			26,589			13,218			15,208			10,570
TOTAL ASSETS	$	1,449,588		$	1,411,821		$	1,172,879		$	849,469		$	752,959
LIABILITIES AND STOCKHOLDERS’ EQUITY
Deposits
Demand Deposit	$	9,685		$	9,916		$	8,661		$	6,905		$	8,048
Money Market		312,501			278,542			222,192			176,194			152,317
Savings		2,365			3,553			3,942			2,109			1,760
Total Transaction Deposits		324,551			292,011			234,795			185,208			162,125
Retail Time Deposits		183,742			189,433			135,198			109,029			147,906
Broker Time Deposits		58,117			48,123			38,052			18,042			18,042
Total Time Deposits		241,859			237,556			173,250			127,071			165,948
Total Deposits		566,410			529,567			408,045			312,279			328,073
Borrowings
FHLB Advances		686,562			606,733			408,097			289,139			213,432
Securities Sold Under Agreements to Repurchase		—			68,840			134,488			110,993			99,445
Trust Preferred Securities		42,500			35,000			35,000			35,000			35,000
Warehouse Lines of Credit		26,512			54,967			71,098			16,866			33,057
Total Borrowings		755,574			765,540			648,683			451,998			380,934
Other Liabilities		31,502			25,368			31,366			7,589			5,963
TOTAL LIABILITIES		1,353,486			1,320,475			1,088,094			771,866			714,970
STOCKHOLDERS’ EQUITY		96,102			91,346			84,785			77,603			37,989
TOTAL LIABILITIES AND      STOCKHOLDERS’ EQUITY	$	1,449,588		$	1,411,821		$	1,172,879		$	849,469		$	752,959
Operating Data
Performance Ratios and Other Data:	SEPT. 30, 2003			JUNE 30, 2003			MAR. 31, 2003			DEC. 31, 2002			SEPT. 30, 2002
Equity to assets at end of period		6.63	%		6.47	%		7.23	%		9.14	%		5.05	%
Tangible equity to assets at end of period		5.73			5.55			6.12			7.60			3.31
Nonperforming assets	$	175		$	205		$	225		$	—		$	—
Nonperforming assets to total assets		0.01	%		0.01	%		0.02	%		NM			NM
Net charge-offs		64			—			—			—			—
Allowance for loan losses to total loans held for
investment at end of period		0.46	%		0.57	%		0.58	%		0.58	%		0.58	%
Allowance for loan losses to nonperforming assets		2250	%		1952	%		1478	%		NM			NM
Per Share Data
Common shares outstanding at end of period (1)		22,394,899			21,956,796			21,532,287			20,968,287			13,447,302
Book value per share (1)	$	4.29		$	4.16		$	3.94		$	3.70		$	2.83
Tangible book value per share (1)		3.71			3.57			3.33			3.08			1.86

(1) share data has been adjusted to reflect a 3-for-2 stock split on September 30, 2003.

NM - Not meaningful data

12/15

COMMERCIAL CAPITAL BANCORP, INC.
UNAUDITED CONSOLIDATED STATEMENT OF OPERATIONS
(Dollars in Thousands, except per share data)

	THREE MONTHS ENDED
	SEPT. 30, 2003			JUNE 30, 2003			MAR. 31, 2003			DEC. 31, 2002			SEPT. 30, 2002
Interest Income
Real Estate Loans	$	11,293		$	10,154		$	8,408		$	7,389		$	6,551
Other Loans		132			155			143			211			180
Investments		5,635			5,989			4,840			3,806			3,988
Total Interest Income		17,060			16,298			13,391			11,406			10,719
Interest Expense
Deposits		2,676			2,540			2,003			2,135			2,119
FHLB Advances		2,941			2,557			2,115			1,817			1,674
Repurchase Agreements		76			384			469			459			528
Trust Preferred Securities		438			448			456			503			513
Warehouse Line Advances		121			370			284			222			252
Total Interest Expense		6,252			6,299			5,327			5,136			5,086
Net Interest Income		10,808			9,999			8,064			6,270			5,633
Provision for Loan Losses		—			677			609			358			437
Net Interest Income after Provision for Loan Losses		10,808			9,322			7,455			5,912			5,196
Noninterest Income
Gain on Sale of Loans		198			571			975			1,595			1,096
Mortgage Banking Fees		244			285			75			53			127
Banking and Servicing Fees		335			383			195			159			109
Trust Fees		88			96			95			62			52
Bank-owned life insurance income		213			145			107			157			85
Securities Brokerage Fees		13			37			121			193			464
Gain on Sale of Securities		395			1,517			1,647			396			574
Total Noninterest Income		1,486			3,034			3,215			2,615			2,507
Noninterest Expenses
Compensation and Benefits		2,019			2,127			1,504			1,583			1,589
Severance		—			241			430			—			—
Non-Cash Stock Compensation		—			145			208			35			35
Occupancy		247			205			201			199			190
General Operating		1,121			1,085			1,050			904			1,061
Total G&A Expenses		3,387			3,803			3,393			2,721			2,875
Early Extinguishment of Debt		320			771			152			395			508
Total Noninterest Expenses		3,707			4,574			3,545			3,116			3,383
Income Before Taxes		8,587			7,782			7,125			5,411			4,320
Income Tax Expense		3,230			3,107			2,886			2,202			1,696
Net Income	$	5,357		$	4,675		$	4,239		$	3,209		$	2,624
Operating Data	THREE MONTHS ENDED
Performance Ratios and Other Data:	SEPT. 30, 2003			JUNE 30, 2003			MAR. 31, 2003			DEC. 31, 2002			SEPT. 30, 2002
Earnings per share - Basic(1)	$	0.24		$	0.21		$	0.20		$	0.22		$	0.20
Earnings per share - Diluted(1)		0.23			0.20			0.19			0.21			0.18
Weighted average shares outstanding — Basic(1)		22,206,876			21,848,268			21,481,719			14,435,598			13,447,302
Weighted average shares outstanding — Diluted(1)		23,677,477			23,153,719			22,484,301			15,464,916			14,489,200
Return on average assets		1.58	%		1.48	%		1.70	%		1.59	%		1.45	%
Return on average stockholders’ equity		23.84			21.08			20.60			29.03			29.19
Return on average tangible stockholders’ equity		27.89			24.70			24.48			41.16			45.77
Interest rate spread		3.26			3.17			3.23			3.22			3.22
Net interest margin		3.32			3.29			3.39			3.27			3.26
Efficiency ratio		27.55			29.18			30.08			30.62			35.32
G&A to average assets		1.00			1.21			1.36			1.35			1.59
Effective tax rate		37.61			39.93			40.51			40.69			39.26
Total loan originations	$	331,384		$	207,128		$	266,951		$	200,258		$	189,290
Core loan originations		243,415			183,686			257,197			191,930			170,414
Broker/conduit originations		87,969			23,442			9,754			8,328			18,876
Core loan originations retained		221,799			157,803			131,118			82,530			87,123
Percent of core loan originations retained		91	%		86	%		51	%		43	%		51	%

(1) share data has been adjusted to reflect a 3-for-2 stock split on September 30, 2003.

13/15

Average Balances, Net Interest Income, Yields Earned and Rates Paid

	Three Months Ended September 30,
	2003						2002
	Average Balance		Interest		Average Yield/Cost		Average Balance		Interest		Average Yield/Cost
	(Dollars in thousand)
Interest-earning assets:
Total loans(1)	$	780,855	$	11,425	5.85	%	$	412,128	$	6,731	6.53	%
Securities(2)		478,124		5,273	4.41			261,292		3,818	5.84
FHLB stock		32,749		345	4.21			10,311		155	6.01
Cash and cash equivalents(3)		11,300		17	0.60			7,234		15	0.83
Total interest earning assets		1,303,028		17,060	5.24			690,965		10,719	6.21
Noninterest earning assets		52,240						30,788
Total assets	$	1,355,268					$	721,753
Interest-bearing liabilities:
Deposits:
Transaction accounts(4)	$	300,680		1,569	2.07		$	117,749		931	3.14
Certificates of deposits		244,216		1,107	1.80			180,437		1,188	2.61
Total deposits		544,896		2,676	1.95			298,186		2,119	2.82
Securities sold under agreements to repurchase		26,911		76	1.12			113,917		528	1.84
FHLB advances		623,385		2,941	1.87			197,903		1,674	3.36
Warehouse line of credit		22,421		121	2.14			30,674		252	3.26
Trust preferred securities		35,500		438	4.89			35,000		513	5.82
Total interest-bearing liabilities		1,253,113		6,252	1.98			675,680		5,086	2.99
Noninterest-bearing deposits		8,756						5,350
Other noninterest-bearing liabilities		3,527						4,764
Total liabilities		1,265,396						685,794
Stockholders’ equity		89,872						35,959
Total liabilities and stockholders’ equity	$	1,355,268					$	721,753
Net interest-earning assets	$	49,915					$	15,285
Net interest income/interest rate spread			$	10,808	3.26	%			$	5,633	3.22	%
Net interest margin					3.32	%					3.26	%

(1) The average balance of loans receivable includes loans for sale and is presented without reduction for the allowance for loan losses.

(2) Consists of mortgage-backed securities and U.S. government securities which are classified as held-to-maturity and available-for-sale, excluding gains or losses on securities classified as available-for-sale.

(3) Consists of cash and due from banks, restricted cash and federal funds sold.

(4) Consists of savings, NOW and money market accounts.

14/15

Average Balances, Net Interest Income, Yields Earned and Rates Paid

	Nine Months Ended September 30,
	2003						2002
	Average Balance		Interest		Average Yield/Cost		Average Balance		Interest		Average Yield/Cost
	(Dollars in thousand)
Interest-earning assets:
Total loans(1)	$	674,318	$	30,285	5.99	%	$	352,676	$	17,651	6.67	%
Securities(2)		448,365		15,570	4.63			201,760		9,073	6.00
FHLB stock		25,415		858	4.50			9,219		385	5.57
Cash and cash equivalents(3)		8,221		36	0.58			6,382		52	1.09
Total interest earning assets		1,156,319		46,749	5.39			570,037		27,161	6.35
Noninterest earning assets		47,583						24,406
Total assets	$	1,203,902					$	594,443
Interest-bearing liabilities:
Deposits:
Transaction accounts(4)	$	254,133		4,281	2.25		$	55,420		1,268	3.06
Certificates of deposits		194,622		2,938	2.02			158,925		3,248	2.73
Total deposits		448,755		7,219	2.15			214,345		4,516	2.82
Securities sold under agreements to repurchase		95,153		929	1.31			104,130		1,457	1.87
FHLB advances		481,973		7,613	2.11			164,792		4,345	3.53
Warehouse line of credit		40,767		775	2.54			40,438		904	2.99
Trust preferred securities		35,167		1,342	5.10			28,961		1,291	5.96
Total interest-bearing liabilities		1,101,815		17,878	2.17			552,666		12,513	3.03
Noninterest-bearing deposits		7,916						5,948
Other noninterest-bearing liabilities		7,203						3,820
Total liabilities		1,116,934						562,434
Stockholders’ equity		86,968						32,009
Total liabilities and stockholders’ equity	$	1,203,902					$	594,443
Net interest-earning assets	$	54,505					$	17,371
Net interest income/interest rate spread			$	28,871	3.22	%			$	14,648	3.32	%
Net interest margin					3.33	%					3.43	%

(1) The average balance of loans receivable includes loans for sale and is presented without reduction for the allowance for loan losses.

(2) Consists of mortgage-backed securities and U.S. government securities which are classified as held-to-maturity and available-for-sale, excluding gains or losses on securities classified as available-for-sale.

(3) Consists of cash and due from banks, restricted cash and federal funds sold.

(4) Consists of savings, NOW and money market accounts.

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