8-K

UNITED STATES
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

October 25, 2004
Date of Report (Date of earliest event reported)

COMMERCIAL CAPITAL BANCORP, INC.
(Exact name of registrant as specified in its charter)

Nevada
(State or other jurisdiction of incorporation) 000-50126
(Commission File Number) 33-0865080
(IRS Employer Identification No.)

8105 Irvine Center Drive, 15th Floor, Irvine, California 92618
(Address of principal executive offices)     (Zip Code)

(949) 585-7500
(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

|_| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b))

|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))

Item 2.02: Results of Operations and Financial Condition.

On October 25, 2004, Commercial Capital Bancorp, Inc. (the “Company”), (NASDAQ: “CCBI”), announced its earnings for the third quarter ended September 30, 2004. The Company will host a conference call on
October 25, 2004 that will utilize a slide presentation, a copy of which is attached hereto as Exhibit 99.1.

Item 9.01: Financial Statements and Exhibits.

(a) Not applicable.

(b) Not applicable.

(c) The following exhibit is included with this Report:

Exhibit 99.1 Slide Presentation dated October 25, 2004.

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: October 25, 2004

EX-99.1

October 25, 2004

Third Quarter 2004 Earnings Call

NASDAQ: “CCBI”

This presentation may include forward-looking statements related to the plans, beliefs
and goals of the Company, 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; changes in the securities
markets. The Company undertakes no obligation to revise or publicly release any
revision to these forward-looking statements.

Regulation FD

2

28^th Largest Thrift in U.S., 6^th Largest in CA(source: SNL
Datasource).

CCB was the fastest growing savings institution in
California over the 36 months ended 6/30/04 (source
www.fdic.gov).

3rd largest multi-family originator in CA with 4.6% market
share for the 12 months ended 6/30/04(source: Dataquick Information
Systems).

One of California’s premier community-based retail
deposit franchises.

Amongst the most efficient operations in the industry.

Franchise Positioned for Strong Growth

3

Statewide Presence

21 Southern California

     Banking Offices

(#21 opened in Beverly Hills on October 4, 2004

          #22 opens in San Mateo in early 2005

          #23 opens in Newport Coast in mid-2005)

11 Statewide Loan Offices

4

CCBI Highlights

5

Financial Position

Sept 30, 2004

June 30, 2004

Total Assets

$4.97 billion

$4.74 billion

Loans Held for Investment

$3.86 billion

$3.65 billion

Deposits

$2.30 billion

$2.44 billion

Equity

$609 million

$583 million

Tangible Equity

$245 million

$219 million

Quarter Ended

Quarter Ended

Financial Results

9/30/2004

6/30/2004

Net Income

$18.0 million

$10.9 million

Return on Average Equity

12.02%

17.66%

Return on Avg.Tang. Equity

30.55%

32.58%

Return on Average Assets

1.50%

1.57%

Net Interest Margin

3.49%

3.51%

Efficiency Ratio

30.59%

25.34%

Total Loan Originations

$583 million

$467 million

$0.17

$0.19

$0.22

$0.28

$0.32

$-

$0.05

$0.10

$0.15

$0.20

$0.25

$0.30

$0.35

9/03

12/03

3/04

6/04

9/04

Diluted Earnings per Share

6

(1) AGR – Annual Growth Rate 9/03 to 9/04

Superior Earnings Performance

Profitability Ratios

$2.78

$2.97

$3.35

$4.13

$4.51

$-

$1.00

$2.00

$3.00

$4.00

$5.00

9/03

12/03

3/04

6/04

9/04

Tangible Book Value per Share

7

(1) AGR – Annual Growth Rate 9/03 to 9/04

Profitability Ratios

$3.22

$3.41

$3.78

$10.97

$11.20

$-

$2.00

$4.00

$6.00

$8.00

$10.00

$12.00

9/03

12/03

3/04

6/04

9/04

Book Value Per Share

8

Profitability Ratios

1.58%

1.56%

1.56%

1.57%

1.50%

0.0%

0.5%

1.0%

1.5%

2.0%

9/03

12/03

3/04

6/04

9/04

Return on Average Assets

9

Profitability Ratios

27.9%

28.6%

29.9%

32.6%

30.6%

0%

5%

10%

15%

20%

25%

30%

35%

9/03

12/03

3/04

6/04

9/04

Return on Average Tangible Equity

10

Profitability Ratios

23.8%

24.8%

26.3%

17.7%

12.0%

0%

5%

10%

15%

20%

25%

30%

9/03

12/03

3/04

6/04

9/04

Return on Average Equity

11

($ in billions)

Balance Sheet Growth

$1.45

$1.72

$1.96

$4.74

$4.97

$-

$1

$2

$3

$4

$5

9/03

12/03

3/04

6/04

9/04

Total Assets

12

Loan Originations Support
Balance Sheet Growth

($ in millions)

$243.4

$274.9

$230.1

$418.9

$545.0

$-

$100

$200

$300

$400

$500

$600

9/03

12/03

3/04

6/04

9/04

Core Loan Originations

13

Balance Sheet Growth

89%

$861.8

89%

$1,052.5

87%

$1,202.0

56%

$3,699.6

57%

$3,911.2

$0

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

$4,000

9/03

12/03

3/04

6/04

9/04

Loans Held for Investment

Multi-Family

All other loans

J

a

14

Loan Portfolio Mix

Loans Held for Investment

$56 mm

Land

1%

$214 mm

Construction

5%

$2,235 mm

Multi-Family

57%

$435 mm

Commercial RE

11%

$958 mm

Single Family

25%

$13 mm

Business Loans

<1%

15

Nationwide

(1)

Western Region

(1)

CCBI

Multi-family

0.12%

0.05%

0.02%

Single-family

0.55%

0.52%

0.46%

Commercial Real Estate

0.77%

0.73%

0.00%

Construction and Land Loans

0.75%

0.92%

0.00%

(1) Based upon 6/30/04 Thrift Financial Reports for nationwide savings institutions

Noncurrent Loans to

Total Loans

Multi-family, Single-family, Commercial Real Estate, Construction and

Land Loans account for 99.7% of the Company's total loans.

16

Asset Quality of Real Estate Loans

Multi-Family

Loan to Value                    68.7%

Debt Coverage Ratio      1.28:1

Commercial RE

Loan to Value                    65.7%

Debt Coverage Ratio      1.33:1

Single-Family Residential

Loan to Value                  64.4%

Values are weighted average ratios, at origination

LTV and DCR of Third Quarter 2004
Originations

17

Consistent Underwriting

Multi-family and Commercial real estate loan originations by

average LTV and DCR

1.29

1.28

1.35

1.32

1.32

1.30

1.27

1.31

1.30

1.33

1.31

1.30

1.33

1.29

1.29

68.4%

67.8%

67.2%

65.1%

66.7%

67.8%

69.7%

69.7%

68.5%

68.4%

70.4%

70.6%

70.0%

68.9%

69.1%

0.50

0.75

1.00

1.25

1.50

Debt Coverage Ratio

Loan to Value

18

Interest Rate Comparison

(Interest Rate, in percent)

CCBI’s loan rates adjust based on 12MAT, 1yr CMT, 6mo LIBOR, 6mo CMT and Prime, plus a margin

19

0.0

0.5

1.0

1.5

2.0

2.5

Jan-03

Apr-03

Jul-03

Oct-03

Jan-04

Apr-04

Jul-04

Oct-04

Jan-05

Apr-05

Actual

Forecasted

20

Note: October 2004 1 Year CMT calculated as of October 21, 2004

(Index Rate, in percent)

Historical and Forecasted 1 Year CMT

Investment Securities

31%

33%

26%

11%

10%

0%

5%

10%

15%

20%

25%

30%

35%

9/03

12/03

3/04

6/04

9/04

Securities to Total Assets

21

($ in millions)

Changing Deposit Mix

57%

$2,298.6

60%

$566.4

65%

$645.6

50%

$736.3

52%

$2,443.9

$-

$500

$1,000

$1,500

$2,000

$2,500

9/03

12/03

3/04

6/04

9/04

Total Deposits

Transaction Accounts

Time Deposits

22

Deposit Composition

$173 mm

Demand Deposits

8%

$718 mm

Money Market

Deposits

31%

$294 mm

Savings Deposits

13%

$1,114 mm

Time Deposits

48%

23

Capital Ratios

6.63%

5.92%

5.81%

12.29%

12.26%

0%

2%

4%

6%

8%

10%

12%

14%

9/03

12/03

3/04

6/04

9/04

Equity to Assets

24

5.73%

5.17%

5.14%

4.62%

4.94%

0%

2%

4%

6%

9/03

12/03

3/04

6/04

9/04

Tangible Equity to Assets

Capital Ratios

5.78%

5.20%

5.17%

5.00%

5.33%

0%

2%

4%

6%

9/03

12/03

3/04

6/04

9/04

Tangible Equity to Tangible Assets

25

Bank Capital Ratio

8.28%

7.97%

7.87%

7.58%

7.63%

0%

2%

4%

6%

8%

10%

9/03

12/03

3/04

6/04

9/04

Tier 1 Core Capital Ratio

26

Operating Performance

($ in millions)

$18.5

$20.9

$23.4

$36.6

$60.6

$0

$10

$20

$30

$40

$50

$60

$70

9/03

12/03

3/04

6/04

9/04

Total Revenues

27

($ in millions)

Operating Performance

$10.8

$12.4

$13.8

$22.9

$37.9

$-

$5

$10

$15

$20

$25

$30

$35

$40

9/03

12/03

3/04

6/04

9/04

Net Interest Income

28

Operating Performance

3.33%

3.23%

3.14%

3.51%

3.49%

0%

1%

2%

3%

4%

9/03

12/03

3/04

6/04

9/04

Net Interest Margin

29

Operating Performance

$1.49

$1.43

$1.82

$2.97

$3.62

$0

$1

$2

$3

$4

9/03

12/03

3/04

6/04

9/04

Noninterest Income

30

($ in millions)

Operating Performance Ratios

1.00%

0.90%

0.89%

0.94%

1.05%

0.0%

0.2%

0.4%

0.6%

0.8%

1.0%

1.2%

9/03

12/03

3/04

6/04

9/04

G&A to Average Assets

31

Operating Performance Ratios

27.6%

25.8%

25.9%

25.3%

30.6%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

9/03

12/03

3/04

6/04

9/04

Efficiency Ratio

32

($ in millions)

Earnings Performance

$5.4

$6.2

$7.1

$10.9

$18.0

$0

$2

$4

$6

$8

$10

$12

$14

$16

$18

$20

9/03

12/03

3/04

6/04

9/04

Quarterly Net Income

33

October 25, 2004

NASDAQ: “CCBI”

Third Quarter 2004 Earnings Call