Commercial Capital Bancorp (CCBI) DEFA14A Additional proxy soliciting materials

Exhibit 99.2

COMMERCIAL CAPITAL BANCORP ANNOUNCES FIRST QUARTER 2006 EARNINGS

Diluted earnings per share of $0.24 on net income of $13.8 million

Non-GAAP diluted earnings per share of $0.26 on net income of $15.5 million

Board of Directors approves cash dividend of $0.075 per share

Company signs definitive agreement of merger with Washington Mutual

IRVINE, Calif. – April 24, 2006 – Commercial Capital Bancorp, Inc. (the “Company”) (NASDAQ: “CCBI”), today announced net income of $13.8 million or $0.24 per diluted share for the first quarter of 2006, and excluding the direct costs of the Commercial Banking Division and other one-time costs, Non-GAAP net income of $15.5 million or $0.26 per diluted share during the first quarter of 2006. The Company’s Board of Directors declared a cash dividend of $0.075 per share for shareholders of record on May 17, 2006 to be paid on May 31, 2006.

On April 23, 2006, the Company and Washington Mutual, Inc. jointly announced that they had entered into a definitive agreement pursuant to which Washington Mutual will acquire all of the outstanding shares of Commercial Capital Bancorp, Inc. in an all cash transaction that values each share of Commercial Capital Bancorp common stock at $16.00, or approximately $983 million in aggregate. The transaction is expected to close in the third quarter of 2006, pending regulatory approval, approval of the transaction by the Company’s stockholders and satisfaction of other customary closing conditions.

The financial results for the first quarter of 2006 reflect the continuing implementation of the Company’s core growth strategies.

• Total assets grew to a record $5.7 billion at March 31, 2006. The growth in assets, during the quarter, was generated by the Bank’s strong fundings of multifamily, commercial real estate and construction loans and through the acquisition of Calnet Business Bank.

• On March 3, 2006, the Company completed the acquisition of Calnet, a Sacramento, California-based community bank.

• On March 30, 2006, the Company completed the acquisition of Lawyers Asset Management, Inc., an Oakland, California-based 1031 exchange accommodator.

• Loan fundings of $510.2 million were achieved during the first quarter of 2006, of which $325.0 million or 64% were income property loans. Additionally, through the Calnet acquisition, the Company added $108 million of prime-based loans during the quarter.

• Total deposits reached $2.5 billion, an increase of $237 million, or 10% from December 31, 2005.

• Commercial business banking deposits totaled $384.2 million at March 31, 2006, including the impact from the Calnet acquisition.

• Net interest income increased to $38.1 million for the first quarter of 2006 compared to $37.4 million for the fourth quarter of 2005.

• Total revenues in the first quarter of 2006 reached $81.0 million, the highest level for any quarter in the Company’s history.

• 1031 exchange balances totaled $637.6 million at March 31, 2006. Exchange balances averaged $566.9 million with an average cost of 1.00% for the first quarter of 2006.

• In January 2006, the Bank opened its Crystal Cove banking office in Newport Coast, California. The Crystal Cove office has been successful in gathering deposits in its initial months of

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	operations and held $18.9 million of transaction account deposits, at March 31, 2006. The Bank has also announced plans to open banking offices in Valencia, and Pasadena, California, which are scheduled to open in spring 2006 and summer 2006, respectively.
•	As part of an overhead reduction, efficiency improvement program, the Company announced a reduction in force and began implementing other cost savings measures. The implementation of the previously announced overhead reduction program resulted in a one-time charge of approximately $830,000, pre-tax, in the first quarter of 2006.

The comparability of the Company’s quarterly results is affected by the acquisitions that occurred during 2005 and 2006. The Company’s operating results from the first quarter of 2006 include the operations of TIMCOR and NAEC, which were acquired in February 2005 and May 2005, respectively, and Calnet and LAMI, which were acquired on March 3, 2006 and March 30, 2006, respectively.

First Quarter Financial Summary
($ in 000’s, except per share data)

	2006			2005			Change		% Change
Total revenuesi	$	81,041		$	65,989		$	15,052		22.8	%
Net interest income, after provision		38,076			46,443			-8,367		-18.0
Non-interest income		4,791			3,748			1,043		27.8
G&A Expenses		22,047			12,654			9,393		74.2
Net income		13,790			23,087			-9,297		-40.3
Basic EPS		0.24			0.42			-0.18		-42.9
Diluted EPS		0.24			0.40			-0.16		-40.0
Yield on earning assets		6.21	%		5.31	%		0.90		16.9
Cost of funds		3.27			2.16			1.11		51.4
Net interest margin		3.10			3.27			-0.17		-5.2
ROAA		1.00			1.78			-0.78		-43.8
ROAA - Tangible		1.08			1.92			-0.84		-43.8
ROAE		7.60			14.41			-6.81		-47.3
ROAE - Tangible		17.50			34.49			-16.99		-49.3
Efficiency ratio		51.43			30.07			21.36		71.0
G&A to total assets		1.60			0.98			0.62		63.3
Effective income tax rate		33.20			38.23			-5.03		-13.2
Core loan fundingsii	$	492,449		$	595,129		-$	102,680		-17.3
Total loan fundingsiii		510,189			607,824			-97,635		-16.1

Because of the Company’s announced signing of an acquisition agreement with Washington Mutual, Inc., the Company’s previously announced earnings call scheduled for later this morning will not be held.

Commercial Capital Bancorp, Inc. is a diversified financial services company with $5.7 billion of total assets, at March 31, 2006. The Company provides depository and lending products and services under the Commercial Capital Bank brand name, and provides 1031 exchange services to income property investors nationwide under the TIMCOR Exchange Corporation, North American Exchange Company and Lawyers Asset Management brand names.

This press release and statements made by the Company’s or Washington Mutual’s management may contain forward-looking statements regarding the Company and Washington Mutual and the proposed merger. These statements 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

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limited to, the following factors: governmental approval of the merger may not be obtained or adverse regulatory conditions may be imposed in connection with governmental approvals of the merger; the stockholders of Company may fail to provide the required approval to consummate the merger. The Company and Washington Mutual undertake no obligation to revise or publicly release any revision or update to these forward-looking statements to reflect events or circumstances that occur after the date on which such statements were made.

This press release may be deemed to be solicitation material with respect to the proposed acquisition of the Company by Washington Mutual pursuant to the merger. In connection with the proposed transaction, a proxy statement for the Company will be filed with the SEC to be distributed to the shareholders of the Company in connection with their vote on the merger. SHAREHOLDERS OF THE COMPANY ARE ENCOURAGED TO READ THE PROXY STATEMENT BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED MERGER. The final proxy statement will be mailed to shareholders of the Company.  Investors and security holders will be able to obtain the documents free of charge at the SEC's website, www.sec.gov.  In addition, investors may obtain free copies of the documents filed with the SEC by the companies by contacting:  Investor Relations, Commercial Capital Bancorp, Inc., 8105 Irvine Center Drive, 15th Floor Irvine, CA 92618, telephone: 949-585-7500 or by visiting the Company’s website at www.commercialcapital.com.

The Company is not currently engaged in a solicitation of proxies of the security holders of the Company in connection with Washington Mutual, Inc.’s proposed acquisition of the Company. If a proxy solicitation commences, the Company and its directors and executive officers and other members of management and employees may be deemed to participate in the solicitation of proxies in respect of the proposed transactions. Information regarding the Company’s directors and executive officers is set forth in its proxy statement dated March 28, 2006, which is available by contacting the Company at the telephone number set forth above.

Contact:
Commercial Capital Bancorp, Inc.
Stephen H. Gordon, Chairman and CEO
James H. Leonetti, Chief Financial Officer and EVP
Telephone:	(949) 585-7500
Facsimile:	(949) 585-0174

i	Total revenue is defined as interest income plus noninterest income.
ii	The 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.
iii	The 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)

	Mar. 31, 2006			Dec. 31, 2005			Sept. 30, 2005			June 30, 2005			Mar. 31, 2005
ASSETS
Cash and Cash Equivalents	$	41,607		$	33,735		$	69,112		$	33,812		$	78,775
Securities Available For Sale		366,092			384,144			408,338			444,456			464,689
FHLB Stock		86,412			84,788			84,314			98,943			97,007
Loans Held for Investment
Single Family		428,904			394,678			246,400			196,605			209,480
Multifamily		3,110,643			3,050,931			2,897,778			2,807,503			2,633,004
Commercial Real Estate		692,635			601,665			534,599			518,106			440,088
Construction		247,638			202,237			186,583			190,302			225,650
Land		94,695			74,948			48,414			43,946			50,182
Total Real Estate Loans		4,574,515			4,324,459			3,913,774			3,756,462			3,558,404
Business and Other Loans		32,746			12,396			18,085			18,723			19,364
Total Loans Held for Investment		4,607,261			4,336,855			3,931,859			3,775,185			3,577,768
Net Deferred Fees, Premiums and Discounts		5,100			3,427			319			(1,815	)		(4,798	)
Allowance for Loan Losses		(29,955	)		(28,705	)		(28,723	)		(28,731	)		(28,743	)
Total Loans Held for Investment, Net		4,582,406			4,311,577			3,903,455			3,744,639			3,544,227
Loans Held for Sale		35,974			23,961			165,760			304,723			612,549
Total Loans		4,618,380			4,335,538			4,069,215			4,049,362			4,156,776
Fixed Assets - Net		11,921			15,838			16,624			16,905			16,419
Foreclosed Assets		—			—			—			—			—
Accrued Interest Receivable		23,888			21,909			19,652			18,872			19,374
Goodwill		422,558			397,164			394,080			394,080			377,726
Core Deposit Intangible		6,675			5,251			5,414			5,576			5,739
Bank-Owned Life Insurance		119,028			114,409			93,290			47,525			47,081
Affordable Housing Investments		32,114			33,035			33,956			34,877			35,798
Other Assets		15,618			28,843			41,664			35,593			33,961
TOTAL ASSETS	$	5,744,293		$	5,454,654		$	5,235,659		$	5,180,001		$	5,333,345
LIABILITIES AND STOCKHOLDERS’ EQUITY
Deposits
Demand Deposits - Noninterest-Bearing	$	248,053		$	141,597		$	140,185		$	127,300		$	110,741
Demand Deposits - Interest-Bearing		74,828			71,386			74,063			74,941			78,611
Money Market Checking		530,216			348,137			212,637			243,337			316,639
Money Market Savings		240,450			372,230			438,313			313,158			195,875
Savings		115,643			147,386			173,481			218,573			281,766
Total Transaction Deposits		1,209,190			1,080,736			1,038,679			977,309			983,632
Retail Time Deposits		1,087,982			1,028,546			1,001,281			939,410			933,209
Broker Time Deposits		199,940			150,800			55,845			115,895			115,199
Total Time Deposits		1,287,922			1,179,346			1,057,126			1,055,305			1,048,408
Total Deposits		2,497,112			2,260,082			2,095,805			2,032,614			2,032,040
Borrowings
FHLB Advances		1,602,295			1,597,806			1,510,917			1,521,028			2,015,338
Exchange Balances		637,554			623,284			679,526			685,551			370,202
Junior Subordinated Debentures		149,817			149,962			150,107			150,253			150,398
Other Borrowings		50,000			72,000			69,000			65,000			61,000
Total Borrowings		2,439,666			2,443,052			2,409,550			2,421,832			2,596,938
Other Liabilities		52,460			53,403			49,578			57,098			51,589
TOTAL LIABILITIES		4,989,238			4,756,537			4,554,933			4,511,544			4,680,567
STOCKHOLDERS’ EQUITY		755,055			698,117			680,726			668,457			652,778
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	5,744,293		$	5,454,654		$	5,235,659		$	5,180,001		$	5,333,345

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COMMERCIAL CAPITAL BANCORP, INC.
UNAUDITED CONSOLIDATED STATEMENTS OF INCOME
(Dollars in Thousands)

	Three Months Ended
	Mar. 31, 2006			Dec. 31, 2005			Sept. 30, 2005		June 30, 2005		Mar. 31, 2005
Interest Income
Loans	$	70,843		$	63,579		$	60,148	$	58,540	$	55,905
Securities		4,265			4,431			4,698		4,990		5,219
FHLB Stock		1,070			1,003			935		1,086		1,034
Fed Funds and Other		72			75			83		62		83
Total Interest Income		76,250			69,088			65,864		64,678		62,241
Interest Expense
Deposits		18,676			15,175			12,852		10,861		9,874
FHLB Advances		14,553			11,656			10,139		10,923		11,145
Exchange Balances		1,396			1,527			1,552		1,147		341
Junior Subordinated Debentures		2,744			2,644			2,481		2,307		2,043
Other Borrowings		805			683			575		515		504
Total Interest Expense		38,174			31,685			27,599		25,753		23,907
Net Interest Income		38,076			37,403			38,265		38,925		38,334
Recapture of Allowance for Loan Losses		—			—			—		—		(8,109	)
Net Interest Income after Recapture of Allowance for Loan Losses		38,076			37,403			38,265		38,925		46,443
Noninterest Income
Loan Related Fees		1,156			1,311			1,380		1,519		1,058
Retail Banking Fees		566			513			558		509		531
Mortgage Banking Fees		78			131			136		108		40
1031 Exchange Fees		925			1,301			1,620		1,347		374
Gain on Sale of Loans		207			534			1,494		2,757		645
Gain on Sale of Securities		—			—			—		—		—
Other Income		1,859			2,276			2,246		658		1,100
Total Noninterest Income		4,791			6,066			7,434		6,898		3,748
Noninterest Expenses
Compensation and Benefits		12,247			11,092			10,116		7,628		6,860
Occupancy and Equipment		2,498			2,206			2,219		2,052		2,159
Marketing		378			311			393		619		654
Technology		843			770			746		646		612
Professional and Consulting		1,801			1,847			2,482		694		498
Insurance Premiums and Assessment Costs		634			620			602		574		568
Merger-Related		118			13			—		—		—
(Recapture of) Provision for Reserve for Unfunded Commitments		(2	)		(2	)		56		—		(1,490	)
Other Expenses		3,530			3,675			3,251		3,055		2,793
Total G&A Expenses		22,047			20,532			19,865		15,268		12,654
Early Extinguishment of Debt		—			—			—		—		—
Amortization of Core Deposit Intangible		176			163			163		162		163
Total Noninterest Expenses		22,223			20,695			20,028		15,430		12,817
Income Before Taxes		20,644			22,774			25,671		30,393		37,374
Income Tax Expense		6,854			7,673			8,835		11,068		14,287
Net Income	$	13,790		$	15,101		$	16,836	$	19,325	$	23,087

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COMMERCIAL CAPITAL BANCORP, INC.
Five Quarter Summary of Yields Earned and Rates Paid

	Three Months Ended
	Mar. 31, 2006			Dec. 31, 2005			Sept. 30, 2005			June 30, 2005			Mar. 31, 2005
Interest-Earning Assets
Loans		6.40	%		6.10	%		5.88	%		5.61	%		5.46	%
Securities		4.41			4.40			4.39			4.37			4.33
FHLB Stock		5.10			4.75			4.23			4.42			4.28
Cash and Cash Equivalents		4.34			3.37			3.46			2.69			2.37
Total Yield on Interest-Earning Assets		6.21			5.93			5.70			5.46			5.31
Interest-Bearing Liabilities
Transaction Accounts		2.80			2.48			2.17			1.85			1.69
Certificates of Deposits		3.97			3.45			3.03			2.62			2.24
FHLB Advances		3.75			3.19			2.74			2.51			2.33
Exchange Balances		1.00			0.86			0.88			0.85			0.76
Junior Subordinated Debentures		7.42			6.99			6.55			6.15			5.71
Other Borrowings		4.52			4.06			3.52			2.99			2.51
Cost on Interest-Bearing Liabilities		3.40			2.87			2.54			2.34			2.21
Cost of Funds		3.27			2.78			2.46			2.27			2.16
Interest Rate Spread		2.81			3.06			3.16			3.12			3.10
Net Interest Margin		3.10			3.21			3.31			3.28			3.27

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

	Three Months Ended
	Mar. 31, 2006							Mar. 31, 2005
	Average Balance		Interest		Average Yield/Cost			Average Balance		Interest		Average Yield/Cost
Interest-Earning Assets:
Total Loans(1)	$	4,430,455	$	70,843		6.40	%	$	4,095,700	$	55,905		5.46	%
Securities(2)		387,237		4,265		4.41			481,842		5,219		4.33
FHLB Stock		85,155		1,070		5.10			96,676		1,034		4.28
Cash and Cash Equivalents(3)		6,731		72		4.34			14,022		83		2.37
Total Interest-Earning Assets		4,909,578		76,250		6.21			4,688,240		62,241		5.31
Noninterest-Earning Assets		604,523							494,283
Total Assets	$	5,514,101						$	5,182,523
Interest-Bearing Liabilities:
Deposits:
Transaction Accounts(4)	$	970,390		6,707		2.80		$	1,003,642		4,190		1.69
Certificates of Deposits		1,223,722		11,969		3.97			1,029,099		5,684		2.24
Total Deposits		2,194,112		18,676		3.45			2,032,741		9,874		1.97
FHLB Advances		1,575,201		14,553		3.75			1,939,052		11,145		2.33
Exchange Balances		566,909		1,396		1.00			183,108		341		0.76
Junior Subordinated Debentures		149,912		2,744		7.42			144,995		2,043		5.71
Other Borrowings (5)		72,206		805		4.52			81,540		504		2.51
Total Interest-Bearing Liabilities		4,558,340		38,174		3.40			4,381,436		23,907		2.21
Noninterest-Bearing Deposits		168,957							109,306
Other Noninterest-Bearing Liabilities		60,958							51,106
Total Liabilities		4,788,255							4,541,848
Stockholders’ Equity		725,846							640,675
Total Liabilities and Stockholders’ Equity	$	5,514,101						$	5,182,523
Net Interest-Earning Assets	$	351,238						$	306,804
Net Interest Income/Interest Rate Spread			$	38,076		2.81	%			$	38,334		3.10	%
Net Interest Margin						3.10	%						3.27	%

(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 federal funds purchased and other short-term borrowings.

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COMMERCIAL CAPITAL BANCORP, INC.
UNAUDITED PERFORMANCE RATIOS AND OTHER DATA
(Dollars in Thousands, except share data)

	Three Months Ended
	Mar. 31, 2006			Dec. 31, 2005			Sept. 30, 2005			June 30, 2005			Mar. 31, 2005
Operational Ratios
Earnings per Share - Basic	$	0.24		$	0.27		$	0.30		$	0.35		$	0.42
Earnings per Share - Diluted		0.24			0.26			0.29			0.34			0.40
Return on Average Assets		1.00	%		1.15	%		1.30	%		1.47	%		1.78	%
Return on Average Tangible Assets		1.08			1.24			1.41			1.59			1.92
Return on Average Stockholders’ Equity		7.60			8.69			9.89			11.62			14.41
Return on Average Tangible Stockholders’ Equity		17.50			20.59			23.93			28.11			34.49
Common Shares Outstanding at End of Period		59,655,045			56,487,280			55,640,363			55,388,061			55,416,348
Weighted Average Shares Outstanding -- Basic		57,071,133			55,578,219			55,244,376			55,186,788			54,821,891
Weighted Average Shares Outstanding -- Diluted		58,574,009			57,590,506			57,565,159			57,522,870			57,277,806
Shares Repurchased During the Period		—			—			72,000			260,000			704,400
Efficiency Ratio		51.43	%		47.23	%		43.47	%		33.32	%		30.07	%
G&A to Average Assets		1.60			1.56			1.53			1.16			0.98
Effective Tax Rate		33.20			33.69			34.42			36.42			38.23
Core Loan Fundings	$	492,449		$	684,656		$	570,196		$	599,303		$	595,129
Total Loan Fundings		510,189			716,039			609,894			624,715			607,824
Multifamily Fundings as a % of Total Fundings		45	%		47	%		49	%		51	%		56	%
Adjustable Rate Core Loan Fundings	$	448,274		$	647,593		$	557,175		$	578,354		$	592,818
12MAT Core Loan Fundings		203,049			372,322			349,711			304,268			312,747
Fixed Rate Core Loan Fundings		44,175			37,063			13,021			20,949			2,311
Loans Sold		19,773			45,794			160,507			386,144			155,843
Balance Sheet Ratios & Data
Tangible Assets		5,315,059			5,061,134			4,836,165			4,780,345			4,949,880
Tangible Equity		325,821			295,702			281,232			268,801			269,313
Equity to Assets at End of Period		13.14	%		12.78	%		13.00	%		12.90	%		12.24	%
Tangible Equity to Assets at End of Period		5.67			5.41			5.37			5.19			5.05
Tangible Equity to Tangible Assets at End of Period		6.13			5.84			5.82			5.62			5.44
Nonperforming Assets	$	8,012		$	8,581		$	8,935		$	12,098		$	6,475
Nonperforming Assets to Total Assets		0.14	%		0.16	%		0.17	%		0.23	%		0.12	%
Allowance for Loan Losses to Loans Held for Investment at End of Period		0.65			0.66			0.73			0.76			0.80
Allowance for Loan Losses to Nonaccrual Loans		374			335			321			237			444
Net Charge-Offs <Recoveries>	$	<8	>	$	18		$	8		$	12		$	<17	>
Per Share Data
Book value Per Share		12.66			12.36			12.23			12.07			11.78
Tangible Book Value per Share		5.46			5.23			5.05			4.85			4.86

8/12

COMMERCIAL CAPITAL BANCORP, INC.
LOANS FUNDED BY PRODUCT TYPE
(Dollars in Thousands)

	Three Months Ended
	Mar. 31, 2006		Dec. 31, 2005		Sept. 30, 2005		June 30, 2005		Mar. 31, 2005
Real Estate Originations
Multifamily	$	228,932	$	253,989	$	297,477	$	290,604	$	338,313
Commercial Real Estate		96,065		80,664		54,277		38,371		45,435
Total Income Property		324,997		334,653		351,754		328,975		383,748
Single Family Residential		55,852		81,884		96,644		122,669		146,539
Construction & Land		104,164		150,669		103,347		43,270		47,908
Total Real Estate Loan Originations		485,013		567,206		551,745		494,914		578,195
Real Estate Loans Purchased
Multifamily		965		80,201		1,136		28,965		—
Commercial Real Estate		2,133		23,592		—		71,124		—
Total Income Property		3,098		103,793		1,136		100,089		—
Construction & Land		3,081		10,482		8,815		—		10,685
Total Real Estate Loans Purchased		6,179		114,275		9,951		100,089		10,685
Total Real Estate Fundings		491,192		681,481		561,696		595,003		588,880
Bank Business and Other Originations		1,257		3,175		8,500		4,300		6,249
Total Core Loan Fundings		492,449		684,656		570,196		599,303		595,129
Broker/Conduit Originations		17,740		31,383		39,698		25,412		12,695
Total Loan Fundings	$	510,189	$	716,039	$	609,894	$	624,715	$	607,824

9/12

COMMERCIAL CAPITAL BANCORP, INC.
LOAN FUNDINGS by INTEREST TYPE
Three Months Ended March 31, 2006
(Dollars in Thousands)

	Fixed		12MAT		LIBOR		CMT		COFI		Prime		Total
Real Estate Originations
Multifamily	$	30,412	$	128,084	$	10,245	$	—	$	60,191	$	—	$	228,932
Commercial Real Estate		9,986		29,327		828		54,714		—		1,210		96,065
Total Income Property		40,398		157,411		11,073		54,714		60,191		1,210		324,997
Single Family Residential		132		37,593		—		16,699		1,005		423		55,852
Construction & Land		3,623		8,045		42,815		—		—		49,681		104,164
Total Real Estate Loan Originations		44,153		203,049		53,888		71,413		61,196		51,314		485,013
Real Estate Loans Purchased
Multifamily		—		—		—		—		—		965		965
Commercial Real Estate		—		—		—		—		—		2,133		2,133
Total Income Property		—		—		—		—		—		3,098		3,098
Construction & Land		—		—		—		—		—		3,081		3,081
Total Real Estate Loans Purchased		—		—		—		—		—		6,179		6,179
Total Real Estate Fundings		44,153		203,049		53,888		71,413		61,196		57,493		491,192
Bank Business and Other Originations		22		—		—		—		—		1,235		1,257
Total Core Loan Fundings	$	44,175	$	203,049	$	53,888	$	71,413	$	61,196	$	58,728	$	492,449
Broker/Conduit Originations														17,740
Total Loan Fundings													$	510,189

10/12

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 net income and total general and administrative expenses excluding the effect of the expenses related to the Commercial Banking Division, the previously announced cost reduction program and other non-recurring legal expenses. Management believes that the performance of the Commercial Banking Division and its impact on the Company’s overall financial condition and results of operations will be more evident when the Division is able to operate without limitations imposed by the litigation process. Accordingly, management believes that the exclusion of direct organization and litigation costs related to the Division will provide a more meaningful presentation of the Company’s first quarter results of operations. Additionally, management believes the exclusion of the one-time charges related to our cost reduction program and other non-recurring charges that occured during the quarter enhances the meaningful presentation of the Company’s first quarter results.

	Three Months Ended Mar. 31, 2006
Net Income
Net Income - as Reported	$	13,790
Adjustments related to the Commercial Banking Division:
Add: Reversal of compensation expense related to salaries and benefits		747
Add: Reversal of professional expense related to Comerica litigation		1,083
Add: Reversal of occupancy and other operating expenses		88
Subtotal Commercial Banking Division		1,918
Add: Reversal of severance and other compensation expenses		830
Add: Reversal of other non-recurring legal expenses		119
Less: Tax effect (42%)		(1,204	)
Net Income - Non-GAAP	$	15,453
Total General and Administrative Expense
Total General and Administrative Expense - as Reported	$	22,047
Adjustments related to the Commercial Banking Division:
Less: Compensation expense related to salaries and benefits		(747	)
Less: Professional expense related to Comerica litigation		(1,083	)
Less: Occupancy and other operating expense		(88	)
Subtotal Commercial Banking Division		(1,918	)
Less: Severance and other compensation expenses		(830	)
Less: Other non-recurring legal expense		(119	)
Total General and Administrative Expense - Non-GAAP	$	19,180

Selected Financial Highlights:

	Three Months Ended Mar. 31, 2006			Three Months Ended Mar. 31, 2006
	Non-GAAP			GAAP
Basic EPS	$	0.27		$	0.24
Diluted EPS		0.26			0.24
Return on Average Assets1		1.12	%		1.00	%
Return on Average Tangible Assets1		1.21			1.08
Return on Average Equity1		8.52			7.60
Return on Average Tangible Equity1		19.61			17.50
Efficiency Ratio		44.74			51.43
G&A to Average Assets1		1.39			1.60

¹Average asset and equity balances were not adjusted for purposes of calculating these Non-GAAP financial ratios.

11/12

COMMERCIAL CAPITAL BANK, FSB Selected Financial Data (Dollars in Thousands)
	Mar. 31, 2006			Dec. 31, 2005
ASSETS
Cash and Cash Equivalents	$	41,297		$	32,843
Securities Available for Sale		364,664			382,642
FHLB Stock		86,412			84,788
Loans Held For Investment
Single Family		428,904			394,678
Multifamily		3,109,872			3,050,139
Commercial Real Estate		692,635			601,665
Construction		247,638			202,237
Land		94,695			74,948
Total Real Estate Loans		4,573,744			4,323,667
Business & Other Loans		32,655			12,283
Total Loans Held for Investment		4,606,399			4,335,950
Net Deferred Fees, Premiums and Discounts		6,227			4,779
Allowance for Loan Losses		(29,955	)		(28,705	)
Total Loans Held for Investment, Net		4,582,671			4,312,024
Loans Held For Sale		35,014			22,999
Total Loans		4,617,685			4,335,023
Other Assets		569,230			562,060
TOTAL ASSETS	$	5,679,288		$	5,397,356
LIABILITIES AND STOCKHOLDER’S EQUITY
Deposits
Demand Deposits - Noninterest-Bearing	$	290,782		$	178,139
Demand Deposits - Interest-Bearing		74,828			71,386
Money Market Checking		911,825			749,689
Money Market Savings		457,089			553,561
Savings		116,174			147,401
Total Transaction Deposits		1,850,698			1,700,176
Total Time Deposits		1,287,922			1,179,346
Total Deposits		3,138,620			2,879,522
Borrowings		1,652,295			1,669,806
Other Liabilities		47,445			54,239
TOTAL LIABILITIES		4,838,360			4,603,567
STOCKHOLDER’S EQUITY		840,928			793,789
TOTAL LIABILITIES AND STOCKHOLDER’S EQUITY	$	5,679,288		$	5,397,356

12/12