Commercial Capital Bancorp (CCBI) Inactive
Filed: 13 Nov 03, 12:00am
This presentation may include forward-looking statements (related to the
plans, beliefs and goals of CCBI and its subsidiaries), which involve certain
risks and uncertainties that could cause actual results to differ materially from
those in the forward-looking statements. Such risks and uncertainties include,
but are not limited to, the following factors: competitive pressure in the
banking industry; changes in the interest rate environment; the health of the
economy, either nationally or regionally; the deterioration of credit quality,
which would cause an increase in the provision for possible loan and lease
losses; changes in the regulatory environment; changes in business conditions,
particularly in California real estate; volatility of rate sensitive deposits;
asset/liability matching risks and liquidity risks; and changes in the securities
markets. CCBI undertakes no obligation to revise or publicly release any
revision to these forward-looking statements.
Regulation FD
Platform Supports Strategy
CCBI Overview
Diversified Financial Services Company Based in
Irvine, California
Uniquely focused business strategy
Attractive client base
Strong organic growth
Pristine asset quality
Business Strategy
Focused on financial needs of income property investors, middle-market
businesses, high net-worth individuals and professionals
Integrate borrower and depositor, expand relationship banking:
Income property real estate investors
1031 exchange accommodators
Title / escrow companies
Businesses & business owners
High net-worth private clients
Continue core asset origination strategy to support broader business
objectives:
Grow balance sheet and net interest income by originating high quality multi-family loans
Invest excess liquidity and equity in U.S. Government / Agency MBS
Expand organically: consider opening branches in locations with high
concentrations of existing franchise borrower and depositor clients
Irvine
Rancho Santa Margarita
Riverside
La Jolla
Attractive Multi-family Market
California is the largest multi-family market in the U.S., with over 2.5 million units
Los Angeles 2nd highest & San Diego 3rd highest percentage of renters behind New York City*
6 of the top 10 U.S. markets are in California**
Los Angeles, San Francisco, San Diego, San Jose, Oakland & Orange County
Supply constrained by:
lack of land
down zoning
building restrictions
significant portion of California market is rent controlled
35,000+ loans originated in California with avg. size of $667,000 (10/02 – 9/03)***
2 largest originators comprise 28% of market ***
900+ lenders account for remaining 72% of market
*source: U.S. Census Data & National Multi Housing Council **source: National Multi Housing Council ***source: DataQuick,
Portfolio LTV and DCR
Multi-Family
Loan to Value 68.5%
Debt Coverage Ratio 1.29:1
Commercial RE
Loan to Value 65.2%
Debt Coverage Ratio 1.40:1
Values are weighted average ratios, at origination, for the Company’s
Sept. 30, 2003 loan portfolio.
Stockholders’ Equity
Book Value per Share
Stock Performance
Dec. 18, 2002 – Nov. 4, 2003