Exhibit 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 SECOND QUARTER EARNINGS OF $0.34 PER SHARE ON NET INCOME OF $19.3 MILLION

– Company Increases Cash Dividend 7% to $0.075 Per Share –

– Net Interest Margin Increases One Basis Point to 3.28% from First Quarter 2005 –
– Net Interest Margin, Excluding Purchase Accounting Adjustments, Increases 13 Basis Points to 3.17% from First Quarter 2005 –
– Deposits at Bank Subsidiary Increase 13% to $2.7 Billion from March 31, 2005 –
– Exchange Balances Increase 85% to $685.6 Million from March 31, 2005 –

IRVINE, CA – July 25, 2005 – Commercial Capital Bancorp, Inc. (the “Company”), (NASDAQ: “CCBI”), the holding company for Commercial Capital Bank (the “Bank”), TIMCOR Exchange Corporation (“TIMCOR”) and North American Exchange Company (“NAEC”), announced today net income of $19.3 million, or $0.34 per diluted share, for the second quarter of 2005, increases of 77% and 21%, respectively, from $10.9 million and $0.28 per diluted share, for the second quarter of 2004. The Company’s net interest margin expanded one basis point to 3.28% for the second quarter of 2005, from 3.27% for the first quarter of 2005. Excluding the purchase accounting adjustments from the Hawthorne Financial Corporation (“Hawthorne”) acquisition, the Company’s net interest margin expanded 13 basis points to 3.17%, for the second quarter of 2005, from 3.04% for the first quarter of 2005. Additionally, the Company announced today that it has increased its cash dividend 7% to $0.075 per share to be paid on August 30, 2005 to shareholders of record on August 16, 2005. The Company’s net income for the six months ended June 30, 2005 totaled $42.4 million, or $0.74 per diluted share, increases of 135% and 48%, respectively, from $18.0 million and $0.50 per diluted share, for the six months ended June 30, 2004. The Company’s return on average equity (“ROAE”) and return on average assets (“ROAA”) for the second quarter of 2005 were 11.62% and 1.47%, respectively, compared to 17.66% and 1.57% for the second quarter of 2004, respectively. The Company’s return on average tangible equity and return on average tangible assets for the second quarter of 2005 were 28.11% and 1.59%, respectively, compared to 32.58% and 1.63% for the second quarter of 2004, respectively. The Company’s ROAE and ROAA for the six months ended June 30, 2005 were 12.99% and 1.62%, respectively, compared to 20.29% and 1.56% for the six months ended June 30, 2004, respectively. The Company’s return on average tangible equity and return on average tangible assets were 31.26% and 1.75%, respectively, for the six months ended June 30, 2005, compared to 31.48% and 1.61%, for the six months ended June 30, 2004, respectively. The Company’s financial results include the effects of the acquisition of Hawthorne, which closed on June 4, 2004. The financial data for periods prior to February 17, 2005 do not include the impact of the TIMCOR acquisition. The financial data for periods prior to May 24, 2005 do not include the impact of the NAEC acquisition.

Stephen H. Gordon, Chairman and Chief Executive Officer, stated, “The Company’s second quarter results reflect the impact of several key initiatives. During the quarter, the Company’s yield on interest earning assets was positively impacted by significant volumes of loans repricing to higher rates driven by market indices gapping upward, as well as by the sales of low rate single family loans. The Company also experienced strong deposit growth at the Bank driven by business related transaction account deposits, which included the impact of the Company’s 1031 exchange accommodator acquisitions and resulted in a lower cost, less interest rate sensitive core deposit base. The acquisitions of TIMCOR and NAEC also provided the Company with strong noninterest fee income, which totaled $1.3 million for the quarter.” Gordon added, “We enter the third quarter with a record loan origination pipeline and look forward to realizing further benefits of our captive exchange accommodator subsidiaries, as well as generating organic growth in

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corporate financial services-related core deposits, as our newly announced Commercial Banking Division gains traction.”


($ in 000’s, except per share data)	Q2			Q1			Q2			Year to Date			Year to Date
	2005			2005			2004			6/30/2005			6/30/2004

Net income	$	19,325		$	23,087		$	10,923		$	42,411		$	18,024
Basic EPS		0.35			0.42			0.30			0.77			0.54
Diluted EPS		0.34			0.40			0.28			0.74			0.50
Net interest income		38,925			38,334			22,875			77,259			36,677
Net interest margin		3.28	%		3.27	%		3.51	%		3.28	%		3.36	%
Total revenues	$	71,576		$	65,989		$	36,591		$	137,566		$	60,039
ROAA		1.47	%		1.78	%		1.57	%		1.62	%		1.56	%
ROAA - Tangible		1.59			1.92			1.63			1.75			1.61
ROAE		11.62			14.41			17.66			12.99			20.29
ROAE - Tangible		28.11			34.49			32.58			31.26			31.48
Efficiency ratio		33.32			30.07			25.34			31.76			25.53
Core Loan Fundings¹	$	599,303		$	595,129		$	418,916		$	1,194,432		$	649,019
Total Loan Fundings²		624,715			607,824			466,690			1,232,539			726,062

Some of the Company’s and Bank’s second quarter 2005 highlights and achievements include:


	•	The Company’s net interest margin increased one basis point to 3.28% for the second quarter of 2005, compared to 3.27% for the first quarter of 2005 and decreased 23 basis points compared to 3.51% for the second quarter of 2004. The Company’s net interest margin, excluding the purchase accounting adjustments from the Hawthorne acquisition, increased 13 basis points to 3.17% for the second quarter of 2005, compared to 3.04% for the first quarter of 2005. The Company’s net interest spread increased two basis points to 3.12% for the second quarter of 2005, compared to 3.10% for the first quarter of 2005 and decreased 29 basis points compared to 3.41% for the second quarter of 2004.

	•	The Bank’s deposits increased 13% to $2.7 billion at June 30, 2005 from $2.4 billion at March 31, 2005. The Bank’s transaction account deposits increased 22% to $1.6 billion at June 30, 2005 from $1.4 billion at March 31, 2005. On May 24, 2005, the Company completed its acquisition of NAEC, a leading facilitator of tax-deferred real estate exchanges pursuant to Section 1031 of the Internal Revenue Code of 1986. At June 30, 2005, the Company, through TIMCOR and NAEC, held $685.6 million of exchange balances, of which $659.3 million were on deposit at the Bank. For the second quarter of 2005, exchange balances averaged $539.2 million, an increase of 194% from the first quarter of 2005. Exchange balances held by TIMCOR and NAEC appear on the Company’s consolidated balance sheet as a component of borrowings and are included as transaction account deposits on the subsidiary Bank’s balance sheet.

	•	The Bank’s total loans as a percentage of deposits declined to 150% at June 30, 2005, from 173% at March 31, 2005.

	•	The Company’s total loan fundings, which includes loans originated and purchased, were $624.7 million during the second quarter of 2005, an increase of 3% and 34% from $607.8 million and $466.7 million for the first quarter of 2005 and second quarter of 2004, respectively. The Company’s core loan fundings were $599.3 million during the second quarter of 2005, an increase of 1% and 43%, respectively, from $595.1 million and $418.9 million for the first quarter of 2005 and second quarter of 2004, respectively.

	•	The Company entered the third quarter of 2005 with a total loan pipeline of $542 million at June 30, 2005, an increase of 9% from $498 million at March 31, 2005. The Company entered the third quarter of 2005 with a core loan pipeline of $514 million at June 30, 2005, an increase of 8% from $476 million at March 31, 2005.

	•	In April 2005, the Company announced its plans to remix the composition of its loan portfolio and designated $612 million of lower rate single family residential loans as held for sale. During the second

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		quarter of 2005, the Company completed the sale of $386.1 million of single family loans, which were either classified as held for sale at March 31, 2005 or funded during the quarter. At June 30, 2005, the Company’s loans held for sale had declined to $304.7 million, which reflects these loan sales, as well as the loan fundings and payoff activity that occurred during the second quarter of 2005.

	•	The Company’s multi-family loan portfolio grew during the second quarter of 2005 at an annualized rate of 27% to $2.8 billion at June 30, 2005, and now represents 74% of total loans held for investment. The Company’s commercial real estate loan portfolio increased 18% to $518.1 million at June 30, 2005, from $440.1 million at March 31, 2005, and now represents 14% of total loans held for investment. The Company’s loans held for investment grew during the second quarter of 2005 at an annualized rate of 22% to $3.8 billion at June 30, 2005.

	•	The Company’s allowance for loan losses was 0.76% of net loans held for investment at June 30, 2005, compared to 0.80% at March 31, 2005, and 1.00% at June 30, 2004. Nonperforming assets totaled $12.1 million, or 0.23% of total assets, at June 30, 2005, compared to $6.5 million, or 0.12% of total assets, at March 31, 2005. At June 30, 2005, the allowance for loan losses totaled 237% of nonaccrual loans, compared to 444% and 701% at March 31, 2005 and June 30, 2004, respectively.

	•	The Company’s total revenues, defined as interest income plus noninterest income, equaled $71.6 million for the second quarter of 2005, an increase of 8% and 96% from $66.0 million and $36.6 million for the first quarter of 2005, and second quarter of 2004, respectively. The increase from the first quarter of 2005 is attributable to increases in interest income on loans, gain on sale of loans, 1031 exchange fees and loan related fees.

	•	At June 30, 2005, the Company had purchased a total of 1,796,100 shares of its common stock at an average price of $19.30 per share, of which 260,000 shares were purchased during the second quarter of 2005 at an average price of $16.00 per share.

RECENT DEVELOPMENTS

In July 2005, the Company announced the formation of the Commercial Banking Division within the Bank, which will focus on the business banking, treasury and cash management and other depository products and services needs of financial services companies such as title and escrow companies, 1031 exchange accommodators, homeowners associations, property management companies, non-real estate escrows, and other fiduciary and corporate financial services companies. The Company simultaneously announced the hiring of James R. Daley, formerly of Comerica Bank, as Executive Vice President and Head of the Commercial Banking Division, and President of the Corporate Financial Services Group. Also in July 2005, the Company announced the hiring of Richard Grout, as Executive Vice President, Head of Retail Banking. Mr. Grout’s recent experience includes a five year span at Downey Savings, where he was responsible for Downey’s retail banking network.

NET INTEREST INCOME

The Company’s net interest income increased 70% and 111% to $38.9 million and $77.3 million for the second quarter and six months ended June 30, 2005, respectively, from $22.9 million and $36.7 million for the second quarter and six months ended June 30, 2004, respectively.

The Company’s yield on interest-earning assets increased 15 basis points to 5.46% for the second quarter of 2005, compared to 5.31% for the first quarter of 2005 and increased 30 basis points compared to 5.16% for the second quarter of 2004. The Company’s yield on total loans increased 15 basis points to 5.61% for the second quarter of 2005 compared to 5.46% for the first quarter of 2005 and increased 17 basis points compared to 5.44% for the second quarter of 2004. The Company’s cost of interest-bearing liabilities increased 13 basis points to 2.34% for the second quarter of 2005, compared to 2.21% for the first quarter of 2005 and increased 59 basis points compared to 1.75% for the second quarter of 2004. The Company’s cost of interest-bearing deposits increased 31 basis points to 2.28% for the second quarter of 2005, compared to 1.97% for the first quarter of 2005 and increased 64 basis points compared to 1.64% for the second quarter of 2004. The Company’s cost of funds, including the effect of noninterest-bearing

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deposits, increased 11 basis points to 2.27% for the second quarter of 2005, compared to 2.16% for the first quarter of 2005 and increased 56 basis points compared to 1.71% for the second quarter of 2004.

NONINTEREST INCOME

Noninterest income increased 133% and 123% to $6.9 million and $10.6 million for the second quarter and six months ended June 30, 2005, respectively, from $3.0 million and $4.8 million for the second quarter and six months ended June 30, 2004, respectively. Loan fee income increased 55% and 86% to $1.5 million and $2.6 million for the second quarter and six months ended June 30, 2005, respectively, from $977,000 and $1.4 million for the second quarter and six months ended June 30, 2004, respectively. The increases in loan related fees compared to the year ago periods were driven by loan prepayment fees of $1.3 million and $2.1 million for the second quarter and six months ended June 30, 2005, respectively, compared to $906,000 and $1.3 million for the second quarter and six months ended June 30, 2004, respectively. Fee income from 1031 exchange transactions represented 20% of noninterest income for the second quarter of 2005 and totaled $1.3 million, an increase of 260% from $374,000 for the first quarter of 2005, when the Company acquired TIMCOR mid-quarter. During the second quarter of 2005, the Company began implementing the previously announced remix of the composition of its loan portfolio by selling $386.1 million of single family residential loans, which resulted in gains on sale of loans of $2.8 million and $3.4 million for the second quarter and six months ended June 30, 2005, respectively, compared to $4,000 and $142,000 for the second quarter and six months ended June 30, 2004, respectively. The loan sales during the second quarter of 2005 included sales of both single family residential loans funded during the quarter and those classified as held for sale at March 31, 2005.

NONINTEREST EXPENSES

The Company’s general and administrative expenses totaled $15.3 million and $27.9 million for the second quarter and six months ended June 30, 2005, respectively, compared to $6.5 million and $10.6 million for the second quarter and six months ended June 30, 2004, respectively. The increases during the periods ended June 30, 2005 compared to the periods ended June 30, 2004 are primarily due to higher personnel and operational costs, including occupancy, marketing and insurance costs related to the additional operations from the acquisitions of Hawthorne, TIMCOR and NAEC, as well as the growth of the Company. The Company recorded $162,000 and $325,000 of amortization of the core deposit intangible for the second quarter and six months ended June 30, 2005, respectively, as a result of the acquisition of Hawthorne, compared to $58,000 in both the three and six month periods ended June 30, 2004.

The Company’s efficiency ratio was 33.32% and 31.76% for the second quarter and six months ended June 30, 2005, respectively, compared to 25.34% and 25.53% for the second quarter and six months ended June 30, 2004, respectively. General and administrative expenses were 1.16% and 1.07% of total average assets for the second quarter and six months ended June 30, 2005, respectively, compared to 0.94% and 0.92% for the second quarter and six months ended June 30, 2004, respectively.

INCOME TAXES

The Company’s effective tax rate was 36.42% and 37.42% for the second quarter and six months ended June 30, 2005, respectively, compared to 39.42% and 39.13% for the second quarter and six months ended June 30, 2004, respectively. The reduction of the Company’s effective tax rate during the periods ended June 30, 2005 compared to the year ago periods reflects the realization of larger amounts of low income housing and other tax credits, and the origination of income property loans in enterprise zones that generate certain state tax benefits.

BALANCE SHEET AND CAPITAL

The Company had total consolidated assets of $5.2 billion at June 30, 2005, a decrease of 3% and an increase of 9% from $5.3 billion and $4.7 billion at March 31, 2005 and June 30, 2004, respectively. The decrease in the Company’s assets during the quarter predominately resulted from a reduction in lower yielding assets, such as cash and cash equivalents, mortgage-backed securities, and the execution of the previously announced sales of the Company’s low rate single family loans. Total loans, which include loans held for investment, net of allowances, and loans held for sale, totaled $4.0 billion, a decrease of 3% and an increase of 11% from $4.2 billion and $3.6 billion at March 31, 2005 and June 30, 2004, respectively. The decline in total loans during the second quarter of 2005 reflects the timing of the implementation of the Company’s plan to remix its loan portfolio by selling a significant portion of its single

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family residential loan portfolio and originations. It is the Company’s intention to replace these lower-yielding assets predominantly with income property loans.

At June 30, 2005, multi-family loans held for investment totaled $2.8 billion, representing 74% of total loans held for investment, an increase of 7% and 36% from $2.6 billion at March 31, 2005, and $2.1 billion at June 30, 2004, respectively. At June 30, 2004, multi-family loans represented 56% of total loans held for investment. The Company’s commercial real estate loan portfolio increased 18% to $518.1 million at June 30, 2005, from $440.1 million at March 31, 2005, and now represents 14% of total loans held for investment.

At June 30, 2005, 58% of the Company’s total loan portfolio matures or is tied to an index that adjusts within one month, compared to 59% at March 31, 2005. In addition, 69% of the Company’s total loan portfolio matures or has an interest rate scheduled to reset within six months from June 30, 2005 and 72% matures or resets within one year from June 30, 2005, compared to 70% and 73%, at March 31, 2005, respectively. The Company’s total loan portfolio had a weighted average duration to maturity or reset of 11.8 months at June 30, 2005, compared to 11.3 months at March 31, 2005.

The Company’s securities portfolio totaled $444.5 million at June 30, 2005, a decrease of 4% and 11% from $464.7 million and $499.8 million at March 31, 2005 and June 30, 2004, respectively. Mortgage-backed securities were 9% of total assets at June 30, 2005.

The Bank’s deposits totaled $2.7 billion at June 30, 2005, an increase of 13% and 10% from $2.4 billion and $2.5 billion at March 31, 2005 and June 30, 2004, respectively. The Bank’s transaction account deposits totaled $1.6 billion at June 30, 2005, an increase of 22% and 33% from $1.4 billion and $1.2 billion at March 31, 2005 and June 30, 2004, respectively. The exchange balances of TIMCOR and NAEC are classified as borrowings on the consolidated balance sheet, and included as transaction account deposits on the Bank’s balance sheet. The Company’s deposits totaled $2.0 billion at both June 30, 2005 and March 31, 2005, which is a decrease of 17% from $2.4 billion at June 30, 2004. The Company’s transaction account deposits totaled $977.3 million at June 30, 2005, compared to $983.6 million and $1.2 billion at March 31, 2005 and June 30, 2004, respectively. The Company’s time deposits totaled $1.06 billion at June 30, 2005, compared to $1.05 billion and $1.23 billion at March 31, 2005 and June 30, 2004, respectively.

Borrowings totaled $2.4 billion at June 30, 2005, a decrease of 7% and an increase of 44% from $2.6 billion and $1.7 billion at March 31, 2005 and June 30, 2004, respectively. FHLB advances totaled $1.5 billion at June 30, 2005, a decrease of 25% and 2% from $2.0 billion and $1.6 billion at March 31, 2005 and June 30, 2004, respectively. The decline in FHLB borrowings from March 31, 2005 reflects the growth in the Company’s lower-cost exchange balances during the second quarter of 2005, including the acquisition of NAEC. At June 30, 2005, the Company’s junior subordinated debt issued to its unconsolidated trust subsidiaries totaled $150.3 million, compared to $150.4 million at March 31, 2005, and $135.4 million at June 30, 2004.

Stockholders’ equity totaled $668.5 million at June 30, 2005, an increase of 2% and 15% from $652.8 million and $582.8 million at March 31, 2005, and June 30, 2004, respectively. Tangible stockholders’ equity totaled $268.8 million, a decrease from $269.3 million at March 31, 2005, and an increase of 23% from $219.1 million at June 30, 2004. The decline in the Company’s tangible stockholders’ equity includes the effect of the goodwill generated in the cash purchase of NAEC in May 2005. The Company’s equity to assets and tangible equity to assets ratios were 12.90% and 5.19% at June 30, 2005, respectively, compared to 12.24% and 5.05% at March 31, 2005, respectively, and compared to 12.29% and 4.62% at June 30, 2004, respectively. The Company’s tangible equity to tangible assets ratio was 5.62% at June 30, 2005, compared to 5.44% and 5.00% at March 31, 2005 and June 30, 2004, respectively.

Book value per share totaled $12.07 at June 30, 2005, an increase of 2% and 10% from $11.78 and $10.97 at March 31, 2005, and June 30, 2004, respectively. Tangible book value per share totaled $4.85 at June 30, 2005, compared to $4.86 and $4.13 at March 31, 2005, and June 30, 2004, respectively. The capital ratios of the Bank continued to exceed federal regulatory requirements for classification as a “well-capitalized” institution. The Bank’s core, tier one risk-based and total risk-based capital ratios are estimated to be 8.70%, 12.01% and 12.84% at June 30, 2005, respectively.

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LOAN FUNDINGS

The Company’s total loan fundings, which includes loans originated and purchased, were $624.7 million during the second quarter of 2005, an increase of 3% and 34% from $607.8 million and $466.7 million, for the first quarter of 2005 and second quarter of 2004, respectively. The Company’s core loan fundings were $599.3 million during the second quarter of 2005, an increase of 1% and 43%, respectively, from $595.1 million and $418.9 million, for the first quarter of 2005 and second quarter of 2004, respectively. The Company purchased $100.1 million of adjustable rate income property loans during the second quarter of 2005 as part of its strategy to remix the loan portfolio, replacing lower rate single family loans that were sold during the quarter with higher rate, adjustable, income property loans. The Company’s total loan fundings increased 70% to $1.2 billion during the six months ended June 30, 2005, from $726.1 million for the six months ended June 30, 2004. The Company’s core loan fundings increased 84% to a record $1.2 billion during the six months ended June 30, 2005, from $649.0 million for the six months ended June 30, 2004.

The Company’s core loan fundings for the three months ended June 30, 2005 consisted of $318.6 million of multi-family real estate loans, $112.3 million of commercial real estate loans, $122.7 million of single family residential real estate loans, $41.4 million of construction and land loans, and $4.3 million of business and other loans. Of the Company’s $599.3 million of core loan fundings during the second quarter of 2005, 97% were adjustable rate loans, of which 77% reprice within one year.

The value of loans in the Company’s total loan pipeline increased 9% and 15% to a record $542 million at June 30, 2005, compared to $498 million and $470 million at March 31, 2005 and June 30, 2004, respectively. The value of loans in the Company’s core loan pipeline increased 8% and 17% to a record $514 million at June 30, 2005, compared to $476 million and $439 million at March 31, 2005 and June 30, 2004, respectively.

PORTFOLIO ASSET QUALITY

Nonperforming assets totaled $12.1 million at June 30, 2005, an increase of $5.6 million from the $6.5 million balance at March 31, 2005. The increase in nonperforming assets is due to the addition of three construction/land loans during the second quarter of 2005. These three loans were originated by Hawthorne and acquired through the Company’s acquisition of Hawthorne. The three loans are not considered impaired from a collateral value perspective, however, they are considered impaired from a timeliness of repayment perspective.

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.

The Company’s review of its allowance for loan losses at June 30, 2005 indicated that a provision for loan losses for the second quarter of 2005 was not required and that the allowance for loan losses is adequate to cover potential losses inherent in the loan portfolio

At June 30, 2005, the Company had total assets of $5.2 billion and the Bank had total deposits of $2.7 billion. The Bank operates banking offices located in Westlake Village (Ventura County), Tarzana, Malibu, Beverly Hills, Baldwin Hills, Westchester, Hawthorne, Manhattan Beach, Gardena, Hermosa Beach, Torrance, Redondo Beach (Los Angeles County), Orange, Irvine, Rancho Santa Margarita (Orange County), Riverside (Riverside County), La Jolla, Del Mar, San Diego (San Diego County), and San Mateo (San Mateo County), and lending offices, located in Corte Madera, San Mateo, Oakland, Encino, Glendale, Los Angeles, El Segundo, Irvine, Riverside, and La Jolla, California, with plans to open a banking office in the Crystal Cove Promenade in Newport Coast, California in 2005. The Bank was the 2nd largest multi-family lender in California during the 12 months ended March 31, 2005 (source: Dataquick Information Systems. The Company is a leading Section 1031-exchange accommodator and facilitates exchange transactions nationwide through the TIMCOR and North American Exchange Company brand names through the companies’ headquarters in Los Angeles and Walnut Creek, California, respectfully, offices located in Long Beach and La Jolla, California; Scottsdale, Arizona; Houston, Texas; Chicago, Illinois and Miami, Florida and through a presence in Las Vegas, Nevada; Denver, Colorado and Washington, DC.

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CONFERENCE CALL AND WEBCAST INFORMATION

Analysts and investors may listen to a discussion of the second quarter of 2005 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. Windows Media player is required for viewing the video webcast. Interested parties can download the slide presentation from the Company’s website prior to the start of the call. It is recommended that participants dial into the call, or log in to the webcast, approximately 5 to 10 minutes prior to the event.


Conference Call	Webcast
Date: Monday, July 25, 2005	Date: Monday, July 25, 2005
Time: 7:00 a.m. PDT (10:00 a.m. EDT)	Time: 7:00 a.m. PDT (10:00 a.m. EDT)
Phone Number (800) 901-5213	Webcast URL: www.commercialcapital.com
International Dial-in Number (617) 786-2962	Windows Media player is required
Access Code: 76493980

Replay Information: for those who are unable to participate in the call or webcast live, an archive of the webcast will be available on the Company’s website at www.commercialcapital.com beginning approximately 2 hours following the end of the call. To listen to the call replay dial (888) 286-8010, or for international callers dial (617) 801-6888, the access code for either replay number is 49238754. The webcast archive and call replay will be available until September 5, 2005

This press release and the aforementioned webcast may include forward-looking statements related to the 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. The Company undertakes no obligation to revise or publicly release any revision to these forward-looking statements.

¹The Company defines core loan fundings to exclude those loans funded through its strategic alliance with Greystone Servicing Corporation, a Fannie Mae DUS lender, and the Company’s other broker and conduit channels.

²The Company defines total loan fundings to include loans that are originated or purchased by the Company during the period.

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COMMERCIAL CAPITAL BANCORP, INC.

UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

(Dollars in Thousands, except per share data)


	June 30, 2005			June 30, 2004

ASSETS

Cash and Cash Equivalents	$	33,812		$	18,379
Securities
MBS - Available For Sale		444,456			499,746
Other Investments - Available For Sale		—			100

Total Securities		444,456			499,846
FHLB Stock		98,943			85,543
Loans Held for Investment
Single Family		196,605			924,238
Multi-family		2,807,503			2,065,938
Commercial Real Estate		518,106			427,898
Construction		190,302			216,926
Land		43,946			51,637

Total Real Estate Loans		3,756,462			3,686,637
Business and Other Loans		18,723			12,926

Total Loans Held for Investment		3,775,185			3,699,563
Net Deferred Fees, Premiums and Discounts		(1,815	)		(14,801	)
Allowance for Loan Losses		(28,731	)		(36,831	)

Total Loans Held for Investment, Net		3,744,639			3,647,931
Loans Held for Sale		304,723			983

Total Loans		4,049,362			3,648,914
Fixed Assets - Net		16,905			8,441
Foreclosed Assets		—			—
Accrued Interest Receivable		18,872			16,897
Goodwill		394,080			357,367
Core Deposit Intangible		5,576			6,308
Bank-Owned Life Insurance		47,525			45,843
Affordable Housing Investments		34,877			10,950
Other Assets		35,593			45,362

TOTAL ASSETS	$	5,180,001		$	4,743,850

LIABILITIES AND STOCKHOLDERS’ EQUITY

Deposits
Demand Deposits - Noninterest-Bearing	$	127,300		$	92,627
Demand Deposits - Interest-Bearing		74,941			88,922
Money Market Checking		243,337			450,317
Money Market Savings		313,158			386,836
Savings		218,573			198,063

Total Transaction Deposits		977,309			1,216,765
Retail Time Deposits		939,410			1,154,211
Broker Time Deposits		115,895			72,961

Total Time Deposits		1,055,305			1,227,172

Total Deposits		2,032,614			2,443,937
Borrowings
FHLB Advances		1,521,028			1,550,770
Exchange Balances		685,551			—
Junior Subordinated Debentures		150,253			135,370
Other Borrowings		65,000			—

Total Borrowings		2,421,832			1,686,140
Other Liabilities		57,098			30,952

TOTAL LIABILITIES		4,511,544			4,161,029

STOCKHOLDERS’ EQUITY		668,457			582,821

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	5,180,001		$	4,743,850
				.


	June 30, 2005			June 30, 2004

Operating Data
Performance Ratios and Other Data:
Equity to assets at end of period		12.90	%		12.29	%
Tangible equity to assets at end of period		5.19			4.62
Tangible equity to tangible assets at end of period		5.62			5.00
Nonperforming assets	$	12,098		$	5,255
Nonperforming assets to total assets		0.23	%		0.11	%
Allowance for loan losses to loans held for investment at end of period		0.76			1.00
Allowance for loan losses to nonaccrual loans		237			701

Per Share Data
Common shares outstanding at end of period		55,388,061			53,126,308
Book value per share	$	12.07		$	10.97
Tangible book value per share		4.85			4.13

8/15

COMMERCIAL CAPITAL BANCORP, INC.

UNAUDITED CONSOLIDATED STATEMENTS OF INCOME

(Dollars in Thousands, except per share data)


	THREE MONTHS ENDED
	June 30, 2005		June 30, 2004

Interest Income
Loans	$	58,540	$	26,647
Securities		4,990		6,301
FHLB Stock		1,086		662
Fed Funds and Other		62		16

Total Interest Income		64,678		33,626
Interest Expense
Deposits		10,861		4,815
FHLB Advances		10,923		4,774
Exchange Balances		1,147		—
Junior Subordinated Debentures		2,307		986
Other Borrowings		515		176

Total Interest Expense		25,753		10,751

Net Interest Income		38,925		22,875
Recapture of Allowance for Loan Losses		—		—

Net Interest Income after Recapture of Allowance for Loan Losses		38,925		22,875

Noninterest Income
Loan Related Fees		1,519		977
Retail Banking Fees		509		186
Mortgage Banking Fees		108		194
1031 Exchange Fees		1,347		—
Gain on Sale of Loans		2,757		4
Gain on Sale of Securities		—		1,259
Other Income		658		345

Total Noninterest Income		6,898		2,965

Noninterest Expenses
Compensation and Benefits		7,258		3,452
Non-Cash Stock Compensation		393		29
Occupancy and Equipment		2,052		713
Marketing		619		404
Technology		646		214
Professional and Consulting		671		205
Insurance Premiums and Assessment Costs		574		316
Merger-Related		—		420
Recapture of Reserve for Unfunded Commitments		—		—
Other Expenses		3,055		794

Total G&A Expenses		15,268		6,547
Early Extinguishment of Debt		—		1,204
Amortization of Core Deposit Intangible		162		58

Total Noninterest Expenses		15,430		7,809

Income Before Taxes		30,393		18,031
Income Tax Expense		11,068		7,108

Net Income	$	19,325	$	10,923


	THREE MONTHS ENDED
	June 30, 2005			June 30, 2004

Operating Data
Performance Ratios and Other Data:
Earnings per share - Basic	$	0.35		$	0.30
Earnings per share - Diluted		0.34			0.28
Weighted average shares outstanding -- Basic		55,186,788			36,729,282
Weighted average shares outstanding -- Diluted		57,522,870			39,194,351
Return on average assets		1.47	%		1.57	%
Return on average tangible assets		1.59			1.63
Return on average stockholders’ equity		11.62			17.66
Return on average tangible stockholders’ equity		28.11			32.58
Interest rate spread		3.12			3.41
Net interest margin		3.28			3.51
Efficiency ratio		33.32			25.34
G&A to average assets		1.16			0.94
Effective tax rate		36.42			39.42
Core loan fundings	$	599,303		$	418,916
Total loan fundings		624,715			466,690
Loans sold		386,144			341
Net Charge-offs <Recoveries>		12			<2>

9/15

COMMERCIAL CAPITAL BANCORP, INC.

UNAUDITED CONSOLIDATED STATEMENTS OF INCOME

(Dollars in Thousands, except per share data)


	SIX MONTHS ENDED
	June 30, 2005			June 30, 2004

Interest Income
Loans	$	114,445		$	41,688
Securities		10,209			12,471
FHLB Stock		2,120			1,061
Fed Funds and Other		145			36

Total Interest Income		126,919			55,256
Interest Expense
Deposits		20,735			7,903
FHLB Advances		22,067			8,669
Exchange Balances		1,487			—
Junior Subordinated Debentures		4,350			1,624
Other Borrowings		1,021			383

Total Interest Expense		49,660			18,579

Net Interest Income		77,259			36,677
Recapture of Allowance for Loan Losses		(8,109	)		—

Net Interest Income after Recapture of Allowance for Loan Losses		85,368			36,677

Noninterest Income
Loan Related Fees		2,577			1,387
Retail Banking Fees		1,041			213
Mortgage Banking Fees		149			306
1031 Exchange Fees		1,720			—
Gain on Sale of Loans		3,401			142
Gain on Sale of Securities		—			2,152
Other Income		1,759			583

Total Noninterest Income		10,647			4,783

Noninterest Expenses
Compensation and Benefits		13,885			5,662
Non-Cash Stock Compensation		634			58
Occupancy and Equipment		4,212			1,074
Marketing		1,273			683
Technology		1,258			342
Professional and Consulting		1,161			410
Insurance Premiums and Assessment Costs		1,142			535
Merger-Related		—			420
Recapture of Reserve for Unfunded Commitments		(1,490	)		—
Other Expenses		5,848			1,402

Total G&A Expenses		27,923			10,586
Early Extinguishment of Debt		—			1,204
Amortization of Core Deposit Intangible		325			58

Total Noninterest Expenses		28,248			11,848

Income Before Taxes		67,767			29,612
Income Tax Expense		25,356			11,588

Net Income	$	42,411		$	18,024


	SIX MONTHS ENDED
	June 30, 2005			June 30, 2004

Operating Data
Performance Ratios and Other Data:
Earnings per share - Basic	$	0.77		$	0.54
Earnings per share - Diluted		0.74			0.50
Weighted average shares outstanding -- Basic		55,005,348			33,374,139
Weighted average shares outstanding -- Diluted		57,401,347			35,704,940
Return on average assets		1.62	%		1.56	%
Return on average tangible assets		1.75			1.61
Return on average stockholders’ equity		12.99			20.29
Return on average tangible stockholders’ equity		31.26			31.48
Interest rate spread		3.10			3.26
Net interest margin		3.28			3.36
Efficiency ratio		31.76			25.53
G&A to average assets		1.07			0.92
Effective tax rate		37.42			39.13
Core loan fundings	$	1,194,432		$	649,019
Total loan fundings		1,232,539			726,062
Loans sold		541,987			13,298
Net Charge-offs <Recoveries>		<5>			<4>

10/15

COMMERCIAL CAPITAL BANCORP, INC.

UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

(Dollars in Thousands, except per share data)


	June 30, 2005			Mar. 31, 2005			Dec. 31, 2004			Sept. 30, 2004			June 30, 2004

ASSETS

Cash and Cash Equivalents	$	33,812		$	78,775		$	16,961		$	20,445		$	18,379
Securities
MBS - Available For Sale		444,456			464,689			491,265			486,120			499,746
Other Investments - Available For Sale		—			—			—			100			100

Total Securities		444,456			464,689			491,265			486,220			499,846
FHLB Stock		98,943			97,007			96,046			86,147			85,543
Loans Held for Investment
Single Family		196,605			209,480			841,818			957,825			924,238
Multi-family		2,807,503			2,633,004			2,396,788			2,235,427			2,065,938
Commercial Real Estate		518,106			440,088			420,015			435,075			427,898
Construction		190,302			225,650			225,058			213,656			216,926
Land		43,946			50,182			56,308			55,786			51,637

Total Real Estate Loans		3,756,462			3,558,404			3,939,987			3,897,769			3,686,637
Business and Other Loans		18,723			19,364			16,360			13,399			12,926

Total Loans Held for Investment		3,775,185			3,577,768			3,956,347			3,911,168			3,699,563
Net Deferred Fees, Premiums and Discounts		(1,815	)		(4,798	)		(5,708	)		(11,740	)		(14,801	)
Allowance for Loan Losses		(28,731	)		(28,743	)		(36,835	)		(36,846	)		(36,831	)

Total Loans Held for Investment, Net		3,744,639			3,544,227			3,913,804			3,862,582			3,647,931
Loans Held for Sale		304,723			612,549			976			17,620			983

Total Loans		4,049,362			4,156,776			3,914,780			3,880,202			3,648,914
Fixed Assets - Net		16,905			16,419			10,318			9,989			8,441
Foreclosed Assets		—			—			—			—			—
Accrued Interest Receivable		18,872			19,374			17,120			16,819			16,897
Goodwill		394,080			377,726			357,367			357,367			357,367
Core Deposit Intangible		5,576			5,739			5,902			6,105			6,308
Bank-Owned Life Insurance		47,525			47,081			46,277			46,270			45,843
Affordable Housing Investments		34,877			35,798			36,719			17,261			10,950
Other Assets		35,593			33,961			31,169			39,951			45,362

TOTAL ASSETS	$	5,180,001		$	5,333,345		$	5,023,924		$	4,966,776		$	4,743,850

LIABILITIES AND STOCKHOLDERS’ EQUITY

Deposits
Demand Deposits - Noninterest-Bearing	$	127,300		$	110,741		$	97,931		$	92,950		$	92,627
Demand Deposits - Interest-Bearing		74,941			78,611			78,003			80,267			88,922
Money Market Checking		243,337			316,639			473,344			419,760			450,317
Money Market Savings		313,158			195,875			245,306			298,165			386,836
Savings		218,573			281,766			336,474			293,905			198,063

Total Transaction Deposits		977,309			983,632			1,231,058			1,185,047			1,216,765
Retail Time Deposits		939,410			933,209			932,562			1,040,634			1,154,211
Broker Time Deposits		115,895			115,199			93,161			72,961			72,961

Total Time Deposits		1,055,305			1,048,408			1,025,723			1,113,595			1,227,172

Total Deposits		2,032,614			2,032,040			2,256,781			2,298,642			2,443,937
Borrowings
FHLB Advances		1,521,028			2,015,338			1,856,349			1,831,798			1,550,770
Exchange Balances		685,551			370,202			—			—			—
Junior Subordinated Debentures		150,253			150,398			135,079			135,225			135,370
Other Borrowings		65,000			61,000			101,000			57,000			—

Total Borrowings		2,421,832			2,596,938			2,092,428			2,024,023			1,686,140
Other Liabilities		57,098			51,589			49,499			35,403			30,952

TOTAL LIABILITIES		4,511,544			4,680,567			4,398,708			4,358,068			4,161,029

STOCKHOLDERS’ EQUITY		668,457			652,778			625,216			608,708			582,821

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	5,180,001		$	5,333,345		$	5,023,924		$	4,966,776		$	4,743,850


	June 30, 2005			Mar. 31, 2005			Dec. 31, 2004			Sept. 30, 2004			June 30, 2004

Operating Data
Performance Ratios and Other Data:
Equity to assets at end of period		12.90	%		12.24	%		12.44	%		12.26	%		12.29	%
Tangible equity to assets at end of period		5.19			5.05			5.21			4.94			4.62
Tangible equity to tangible assets at end of period		5.62			5.44			5.62			5.33			5.00
Nonperforming assets	$	12,098		$	6,475		$	6,601		$	5,095		$	5,255
Nonperforming assets to total assets		0.23	%		0.12	%		0.13	%		0.10	%		0.11	%
Allowance for loan losses to loans held for investment at end of period		0.76			0.80			0.93			0.94			1.00
Allowance for loan losses to nonaccrual loans		237			444			558			723			701

Per Share Data
Common shares outstanding at end of period		55,388,061			55,416,348			54,519,579			54,361,762			53,126,308
Book value per share	$	12.07		$	11.78		$	11.47		$	11.20		$	10.97
Tangible book value per share		4.85			4.86			4.80			4.51			4.13

11/15

COMMERCIAL CAPITAL BANCORP, INC.

UNAUDITED CONSOLIDATED STATEMENTS OF INCOME

(Dollars in Thousands, except per share data)


	THREE MONTHS ENDED
	June 30, 2005		Mar. 31, 2005			Dec. 31, 2004			Sept. 30, 2004		June 30, 2004

Interest Income
Loans	$	58,540	$	55,905		$	54,221		$	50,777	$	26,647
Securities		4,990		5,219			5,285			5,301		6,301
FHLB Stock		1,086		1,034			860			891		662
Fed Funds and Other		62		83			27			18		16

Total Interest Income		64,678		62,241			60,393			56,987		33,626
Interest Expense
Deposits		10,861		9,874			9,174			9,060		4,815
FHLB Advances		10,923		11,145			10,717			8,345		4,774
Exchange Balances		1,147		341			—			—		—
Junior Subordinated Debentures		2,307		2,043			1,770			1,611		986
Other Borrowings		515		504			264			94		176

Total Interest Expense		25,753		23,907			21,925			19,110		10,751

Net Interest Income		38,925		38,334			38,468			37,877		22,875
Recapture of Allowance for Loan Losses		—		(8,109	)		—			—		—

Net Interest Income after Recapture of Allowance for Loan Losses		38,925		46,443			38,468			37,877		22,875

Noninterest Income
Loan Related Fees		1,519		1,058			1,591			2,217		977
Retail Banking Fees		509		531			546			588		186
Mortgage Banking Fees		108		40			122			137		194
1031 Exchange Fees		1,347		374			—			—		—
Gain on Sale of Loans		2,757		645			3,809			72		4
Gain on Sale of Securities		—		—			—			—		1,259
Other Income		658		1,100			622			601		345

Total Noninterest Income		6,898		3,748			6,690			3,615		2,965

Noninterest Expenses
Compensation and Benefits		7,258		6,627			6,120			6,148		3,452
Non-Cash Stock Compensation		393		241			29			29		29
Occupancy and Equipment		2,052		2,159			2,096			2,131		713
Marketing		619		654			500			422		404
Technology		646		612			538			496		214
Professional and Consulting		671		490			438			369		205
Insurance Premiums and Assessment Costs		574		568			579			582		316
Merger-Related		—		—			282			494		420
Recapture of Reserve for Unfunded Commitments		—		(1,490	)		(416	)		—		—
Other Expenses		3,055		2,793			2,539			2,023		794

Total G&A Expenses		15,268		12,654			12,705			12,694		6,547
Early Extinguishment of Debt		—		—			—			—		1,204
Amortization of Core Deposit Intangible		162		163			203			203		58

Total Noninterest Expenses		15,430		12,817			12,908			12,897		7,809

Income Before Taxes		30,393		37,374			32,250			28,595		18,031
Income Tax Expense		11,068		14,287			12,016			10,591		7,108

Net Income	$	19,325	$	23,087		$	20,234		$	18,004	$	10,923


	THREE MONTHS ENDED
	June 30, 2005			Mar. 31, 2005			Dec. 31, 2004			Sept. 30, 2004			June 30, 2004

Operating Data
Performance Ratios and Other Data:
Earnings per share - Basic	$	0.35		$	0.42		$	0.37		$	0.34		$	0.30
Earnings per share - Diluted		0.34			0.40			0.36			0.32			0.28
Weighted average shares outstanding -- Basic		55,186,788			54,821,891			54,399,694			53,625,568			36,729,282
Weighted average shares outstanding -- Diluted		57,522,870			57,277,806			56,947,525			56,824,595			39,194,351
Return on average assets		1.47	%		1.78	%		1.61	%		1.50	%		1.57	%
Return on average tangible assets		1.59			1.92			1.73			1.62			1.63
Return on average stockholders’ equity		11.62			14.41			13.06			12.02			17.66
Return on average tangible stockholders’ equity		28.11			34.49			31.55			30.55			32.58
Interest rate spread		3.12			3.10			3.26			3.39			3.41
Net interest margin		3.28			3.27			3.38			3.49			3.51
Efficiency ratio		33.32			30.07			28.13			30.59			25.34
G&A to average assets		1.16			0.98			1.01			1.05			0.94
Effective tax rate		36.42			38.23			37.26			37.04			39.42
Core loan fundings	$	599,303		$	595,129		$	495,730		$	544,953		$	418,916
Total loan fundings		624,715			607,824			540,783			583,184			466,690
Loans sold		386,144			155,843			166,257			2,554			341
Net Charge-offs <Recoveries>		12			<17>			11			<15>			<2>

12/15

COMMERCIAL CAPITAL BANCORP, INC.
Average Balances, Net Interest Income, Yields Earned and Rates Paid
(Dollars in Thousands)


	THREE MONTHS ENDED JUNE 30,

	2005							2004

	Average Balance		Interest		Average Yield/Cost			Average Balance		Interest		Average Yield/Cost

Interest-Earning Assets:
Total Loans(1)	$	4,176,721	$	58,540		5.61	%	$	1,958,375	$	26,647		5.44	%
Securities(2)		456,677		4,990		4.37			581,891		6,301		4.33
FHLB Stock		98,289		1,086		4.42			59,173		662		4.48
Cash and Cash Equivalents(3)		9,233		62		2.69			4,985		16		1.28

Total Interest-Earning Assets		4,740,920		64,678		5.46			2,604,424		33,626		5.16
Noninterest-Earning Assets		522,387							187,088

Total Assets	$	5,263,307						$	2,791,512


Interest-Bearing Liabilities:
Deposits:
Transaction Accounts(4)	$	852,235		3,940		1.85		$	641,765		2,767		1.73
Certificates of Deposits		1,061,326		6,921		2.62			537,589		2,048		1.53

Total Deposits		1,913,561		10,861		2.28			1,179,354		4,815		1.64
FHLB Advances		1,745,778		10,923		2.51			1,149,387		4,774		1.67
Exchange Balances		539,222		1,147		0.85			—		—		—
Junior Subordinated Debentures		150,348		2,307		6.15			84,034		986		4.72
Other Borrowings (5)		69,190		515		2.99			58,086		176		1.22

Total Interest-Bearing Liabilities		4,418,099		25,753		2.34			2,470,861		10,751		1.75


Noninterest-Bearing Deposits		127,561							53,495
Other Noninterest-Bearing Liabilities		52,575							19,818

Total Liabilities		4,598,235							2,544,174
Stockholders’ Equity		665,072							247,338

Total Liabilities and Stockholders’ Equity	$	5,263,307						$	2,791,512

Net Interest-Earning Assets	$	322,821						$	133,563

Net Interest Income/Interest Rate Spread			$	38,925		3.12	%			$	22,875		3.41	%

Net Interest Margin						3.28	%						3.51	%

(1) The average balance of loans receivable includes loans held 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 available-for-sale, excluding the unrealized gains or losses on these securities.

(3) Consists of cash in interest-earning accounts and federal funds sold.

(4) Consists of savings, money market accounts and other interest-bearing deposits.

(5) Consists of securities sold under agreements to repurchase, federal funds purchased, warehouse line of credit and other short-term borrowings.

13/15

COMMERCIAL CAPITAL BANCORP, INC.
Average Balances, Net Interest Income, Yields Earned and Rates Paid
(Dollars in Thousands)


	SIX MONTHS ENDED JUNE 30,

	2005							2004

	Average Balance		Interest		Average Yield/Cost				Average Balance		Interest		Average Yield/Cost

Interest-Earning Assets:
Total Loans(1)	$	4,136,434	$	114,445		5.53	%		$	1,540,505	$	41,688		5.41	%
Securities(2)		469,190		10,209		4.35				581,865		12,471		4.29
FHLB Stock		97,487		2,120		4.35				52,063		1,061		4.08
Cash and Cash Equivalents(3)		11,615		145		2.50				7,106		36		1.01

Total Interest-Earning Assets		4,714,726		126,919		5.38				2,181,539		55,256		5.07
Noninterest-Earning Assets		508,412								123,165

Total Assets	$	5,223,138							$	2,304,704


Interest-Bearing Liabilities:
Deposits:
Transaction Accounts(4)	$	927,520		8,130		1.77			$	530,577		4,771		1.81
Certificates of Deposits		1,045,302		12,605		2.43				398,575		3,132		1.58

Total Deposits		1,972,822		20,735		2.12				929,152		7,903		1.71
FHLB Advances		1,841,881		22,067		2.42				1,008,654		8,669		1.73
Exchange Balances		362,148		1,487		0.83				—		—		—
Junior Subordinated Debentures		147,686		4,350		5.94				69,136		1,624		4.72
Other Borrowings (5)		75,331		1,021		2.73				61,226		383		1.26

Total Interest-Bearing Liabilities		4,399,868		49,660		2.28				2,068,168		18,579		1.81

Noninterest-Bearing Deposits		118,484								43,410
Other Noninterest-Bearing Liabilities		51,845								15,467

Total Liabilities		4,570,197								2,127,045
Stockholders’ Equity		652,941								177,659

Total Liabilities and Stockholders’ Equity	$	5,223,138							$	2,304,704

Net Interest-Earning Assets	$	314,858							$	113,371

Net Interest Income/Interest Rate Spread			$	77,259		3.10	%				$	36,677		3.26	%

Net Interest Margin						3.28	%							3.36	%

(1) The average balance of loans receivable includes loans held 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 available-for-sale, excluding the unrealized gains or losses on these securities.

(3) Consists of cash in interest-earning accounts and federal funds sold.

(4) Consists of savings, money market accounts and other interest-bearing deposits.

(5) Consists of securities sold under agreements to repurchase, federal funds purchased, warehouse line of credit and other short-term borrowings.

14/15

COMMERCIAL CAPITAL BANCORP, INC.
Reconciliation of Non-GAAP Financial Measures
(Dollars in Thousands, except per share data)

The following tables provide a reconciliation of the Company’s reported net interest margin and net interest spread compared to adjusted net interest margin and net interest spread excluding the net effect of the amortization or accretion of premiums or discounts resulting from the purchase accounting adjustments due to the Hawthorne acquisition:


	Q2 2005 As Reported						Excluding Premium/Discount Effect						Q2 2005 Adjusted


	Average Balance		Interest		Avg. Yield/Cost		Average Balance			Interest			Average Balance		Interest		Avg. Yield/Cost


Total Interest-Earning Assets	$	4,740,920	$	64,678	5.46	%	$	4,617		$	(915	)	$	4,745,537	$	63,763	5.37	%

Total Interest-Bearing Liabilities		4,418,099		25,753	2.34	%		(3,600	)		417		$	4,414,499	$	26,170	2.38	%


Net Interest Income/Interest Rate Spread			$	38,925	3.12	%				$	(1,332	)			$	37,593	2.99	%
Net Interest Margin					3.28	%											3.17	%


	Q1 2005 As Reported						Excluding Premium/Discount Effect						Q1 2005 Adjusted


	Average Balance		Interest		Avg. Yield/Cost		Average Balance			Interest			Average Balance		Interest		Avg. Yield/Cost


Total Interest-Earning Assets	$	4,688,240	$	62,241	5.31	%	$	7,390		$	(2,096	)	$	4,695,630	$	60,145	5.12	%

Total Interest-Bearing Liabilities		4,381,436		23,907	2.21	%		(4,090	)		549			4,377,346		24,456	2.27	%


Net Interest Income/Interest Rate Spread			$	38,334	3.10	%				$	(2,645	)			$	35,689	2.85	%
Net Interest Margin					3.27	%											3.04	%

COMMERCIAL CAPITAL BANK, FSB
Selected Financial Data
(Dollars in Thousands)


	June 30, 2005			Mar. 31, 2005

ASSETS

Cash and Cash Equivalents	$	29,675		$	72,805
Securities		442,782			462,937
FHLB Stock		98,943			97,007
Loans Held For Investment
Single Family		196,605			209,480
Multi-family		2,804,188			2,629,668
Commercial Real Estate		518,106			440,088
Construction		190,302			225,650
Land		43,946			48,182

Total Real Estate Loans		3,753,147			3,553,068
Business & Other Loans		18,610			19,251

Total Loans Held for Investment		3,771,757			3,572,319
Net Deferred Fees, Premiums and Discounts		(25	)		(2,689	)
Allowance for Loan Losses		(28,731	)		(28,743	)

Total Loans Held for Investment, Net		3,743,001			3,540,887
Loans Held For Sale		303,754			611,576

Total Loans		4,046,755			4,152,463
Other Assets		502,369			500,496

TOTAL ASSETS	$	5,120,524		$	5,285,708

LIABILITIES AND STOCKHOLDER’S EQUITY

Deposits
Demand Deposits - Noninterest-Bearing	$	222,143		$	125,973
Demand Deposits - Interest-Bearing		74,941			78,611
Money Market Checking		600,640			669,359
Money Market Savings		532,838			195,875
Savings		218,665			281,766

Total Transaction Deposits		1,649,227			1,351,584
Total Time Deposits		1,055,305			1,048,408

Total Deposits		2,704,532			2,399,992
Borrowings		1,586,028			2,076,338
Other Liabilities		58,963			58,507

TOTAL LIABILITIES		4,349,523			4,534,837
STOCKHOLDER’S EQUITY		771,001			750,871

TOTAL LIABILITIES AND STOCKHOLDER’S EQUITY	$	5,120,524		$	5,285,708

15/15


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


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

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

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

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


(a)	Not applicable.

(b)	Not applicable.

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


	COMMERCIAL CAPITAL BANCORP, INC.

	By:	/s/ Stephen H. Gordon

		Stephen H. Gordon
		Chairman of the Board and
		Chief Executive Officer