Exhibit 99.2
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Commercial Capital Bancorp,
(CCBI - Nasdaq National Market)
March 5, 2003
Regulation FD
This presentation may include forward-looking statements (related to each
company's plans, beliefs and goals), which involve certain risks and
uncertainties that could cause actual results to differ materially from those in
the forward-looking statements. Such risks and uncertainties include, but are
not limited to, the following factors: competitive pressure in the banking
industry; changes in the interest rate environment; the health of the economy,
either nationally or regionally; the deterioration of credit quality, which
would cause an increase in the provision for possible loan and lease losses;
changes in the regulatory environment; changes in business conditions,
particularly in California real estate; volatility of rate sensitive deposits;
asset/liability matching risks and liquidity risks; and changes in the
securities markets. CCBI undertakes no obligation to revise or publicly release
any revision to these forward-looking statements.
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CCBI Overview
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Diversified Financial Services Company Based in Irvine, California
. Uniquely focused business strategy
. Attractive client base
. Strong organic growth
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Initial Public Offering December 2002
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Completed Initial Public Offering of 5,375,000 shares of Common Stock in
December 2002 / January
. 5,000,000 sh. issued Dec. 20, 2002, raising $35.8 million, net
. 375,000 sh. issued Jan 9, 2003, raising $2.8 million, net
. $36.6 million contributed to the Bank to support growth
. 14.35 million shares outstanding after offering
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CCBI Highlights
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Data is as of or for the Year Ended December 31, 2002 unless otherwise indicated
Financial Position
Total Assets $849 Million
Loans Held for Investment $469 Million
Deposits $312 Million
Equity $78 Million
Tangible Equity $65 Million
Year Ended Quarter Ended
Financial Results 12/31/2002 12/31/2002
Net Income $9.7 Million $3.2 Million
Return on Average Equity 27.69% 29.03%
Return on Average Assets 1.50% 1.59%
Net Interest Margin 3.38% 3.27%
Efficiency Ratio 35.00% 32.05%
Loan Originations $761 Million $200 Million
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Business Strategy
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.. Focused on financial needs of income property investors, middle-market
businesses, high net-worth individuals and professionals
.. Integrate borrower and depositor, expand relationship banking:
. Business
. Private
.. Continue core asset origination strategy to support broader business
objectives:
. Originate high quality multi-family loans
. Grow balance sheet and net interest income via purchase of FIP production
. Sell remaining FIP production for cash gains
.. Expand organically: consider opening branches in locations with high
concentrations of existing franchise clients
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Platform Supports Strategy
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COMMERCIAL CAPITAL BANCORP, INC.
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FINANCIAL INSTITUTIONAL PARTNERS COMMERCIAL CAPITAL COMCAP FINANCIAL
MORTGAGE CORPORATION BANK SERVICES, INC.
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Attractive Multi-family Market
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[MAP]
Sacramento County
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4.1% of Multi-Family
Alameda County
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8.8% of Multi-Family
Los Angeles County
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47.5% of Multi-Family
Orange County
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9.4% of Multi-Family
San Diego County
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7.4% of Multi-Family
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.. $311 B CA Market (15% of U.S.)
(source: National Multi Housing Council Oct.2001)
.. 35% Growth Between 2001 and 2002
($13.4B - $18.1B)
.. 29,000 + Loans Originated in 2002
(average size of $616,000)
.. 6 of the Top 10 U.S. Markets in CA
.. 2 Largest Originators Comprise 25% of Market
(900 + lenders account for the balance)
source: DataQuick Dec. 2002 Data
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Leading Loan Originator and High Growth Bank
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.. Since Inception Originated $2.0 billion in Multi-family and Commercial RE
Loans
.. FIP Mortgage is 4th Largest Multi-family Originator in CA with 2.7% Market
Share During Year Ended 12/31/02
.. Invested in Infrastructure Capable of Supporting $2 Billion of Annual
Originations
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"According to data compiled by the FDIC, CCBI was the fastest growing bank in
Orange County over the past 24 months...."
FDIC Website; 24 Month Period Ending 9/30/2002
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Asset Quality
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[GRAPHIC]
Since Inception
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Policy Actual/(1)/
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Multi-Family
Loan-to-Value 75.00% 69.65%
Debt Coverage Ratio 1.15 to 1 1.31 to 1
Commercial RE
Loan-to-Value 75.00% 64.74%
Debt Coverage Ratio 1.25 to 1 1.38 to 1
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/(1)/ In-House FIP Mortgage Originations. Year Ended 12/31/02
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Asset Quality of Multi-family Loans
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Non-Accrual Loans/
Nationwide Total Loans/(1)/
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Multi-family 0.13%
Single family 0.93%
Commercial Real Estate 1.22%
Construction 1.60%
Business Loans 2.17%
Consumer 0.64%
Multi-family Loans
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CCBI 0.00%
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Western Region Thrifts 0.05%
Nationwide Thrifts 0.13%
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/(1)/ Based upon 12/31/02 Thrift Financial Reports for nationwide savings
institutions
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Financial and Operating Performance
Balance Sheet
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($ in Millions)
[CHART]
Total Assets
22.7% CQGR (1)
$203 $225 $264 $424 $602 $649 $753 $849
3/01 6/01 9/01 12/01 3/02 6/02 9/02 12/02
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Total Deposits
20.8% CQGR (1)
$83 $89 $103 $118 $173 $256 $328 $312
3/01 6/01 9/01 12/01 3/02 6/02 9/02 12/02
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Loans Held for Investment at Bank
25.6% CQGR (1)
$95 $108 $137 $189 $282 $334 $406 $469
3/01 6/01 9/01 12/01 3/02 6/02 9/02 12/02
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Stockholders' Equity
$24.7 $25.7 $27.6 $26.8 $28.2 $33.4 $38.0 $77.6
3/01 6/01 9/01 12/01 3/02 6/02 9/02 12/02
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(1) CQGR-Compound Quarterly Growth Rate: 3/01 to 12/02 [LOGO]
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Financial and Operating Performance
Loans
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FIPMC Originations
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Millions $81 $120 $145 $137 $185 $179 $185 $199
3/01 6/01 9/01 12/01 3/02 6/02 9/02 12/02
FIP Mortgage Loan Composition
In-House Originations
Year Ended 12/02
[CHART]
Multi-Family Residential 91.8%
Commercial Real Estate 8.2%
FIPMC Originations by Average LTV & DCR
[CHART]
Loan to Value 70.6% 70.0% 68.9% 69.1% 70.4% 68.4% 68.5% 69.7%
Debt Coverage Ratio 1.29 1.29 1.33 1.30 1.31 1.33 1.30 1.31
3/01 6/01 9/01 12/01 3/02 6/02 9/02 12/02
Bank Loan Composition
Loans Held for Investment
at 12/02
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Multi-Family Residential 84.7%
Commercial Real Estate 12.3%
Business Loans 2.1%
Other 0.9%
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Financial and Operating Performance
Deposits
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Total Deposits
[CHART]
Millions $83 $89 $103 $118 $173 $256 $328 $312
3/01 6/01 9/01 12/01 3/02 6/02 9/02 12/02
Deposit Composition: 12/01
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Certificates of Deposit 86.8%
NOW & Non-Interest Bearing Demand 5.5%
Money Markets 4.4%
Savings Accounts 3.3%
Deposit Composition: 12/02
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Money Markets 56.4%
Certificates of Deposit 40.7%
NOW & Non-Interest Bearing Demand 2.2%
Savings Accounts 0.7%
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Financial and Operating Performance
Revenues and Expenses
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Net Interest Income
28.3% CQGR (1)
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Millions $1.1 $1.3 $1.7 $2.5 $4.0 $5.0 $5.6 $6.3
3/01 6/01 9/01 12/01 3/02 6/02 9/02 12/02
G&A Expenses to Average Assets
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3.58% 2.68% 2.36% 3.02% 1.63% 1.44% 1.59% 1.35%
3/01 6/01 9/01 12/01 3/02 6/02 9/02 12/02
Noninterest Income/Total Revenue
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19.9% 20.4% 26.2% 26.2% 13.0% 13.3% 19.0% 18.7%
3/01 6/01 9/01 12/01 3/02 6/02 9/02 12/02
Efficiency Ratio
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98.4% 61.4% 49.1% 69.6% 36.8% 34.0% 38.0% 32.1%
3/01 6/01 9/01 12/01 3/02 6/02 9/02 12/02
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(1) CQGR - Compound Quarterly Growth Rate: 3/01 to 12/02
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Financial and Operating Performance
Profitability Ratios
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Return on Average Assets
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-0.3% 0.5% 1.1% 1.0% 1.4% 1.5% 1.5% 1.6%
3/01 6/01 9/01 12/01 3/02 6/02 9/02 12/02
Return on Average Equity
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-1.8% 3.8% 10.6% 10.6% 21.4% 29.9% 29.2% 29.0%
3/01 6/01 9/01 12/01 3/02 6/02 9/02 12/02
Net Interest Margin
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2.7% 2.8% 3.0% 3.5% 3.6% 3.5% 3.3% 3.3%
3/01 6/01 9/01 12/01 3/02 6/02 9/02 12/02
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Financial and Operating Performance
Equity
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Consolidated Equity to Assets Ratios
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Tangible Equity
to Assets 5.4% 5.4% 5.4% 3.3% 2.5% 3.1% 3.3% 7.6%
Equity to Assets 12.2% 11.4% 10.5% 6.3% 4.7% 5.2% 5.1% 9.1%
3/01 6/01 9/01 12/01 3/02 6/02 9/02 12/02
Bank Equity to Assets
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Tangible Equity
to Assets 6.0% 6.2% 6.0% 7.7% 8.3% 8.4% 7.5% 12.0%
Equity to Assets 6.0% 6.2% 6.0% 11.7% 10.8% 10.8% 9.5% 13.8%
3/01 6/01 9/01 12/01 3/02 6/02 9/02 12/02
Book Value
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Tangible Book
Value per Share $1.28 $1.39 $1.61 $1.56 $1.70 $2.28 $2.78 $4.62
Book Value Per
Share $2.89 $2.95 $3.14 $3.03 $3.15 $3.73 $4.24 $5.55
3/01 6/01 9/01 12/01 3/02 6/02 9/02 12/02
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Financial and Operating Performance
Earnings
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Quarterly Net Income
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58.7% CQGR (1)
Millions $(0.1) $0.2 $0.7 $0.7 $1.5 $2.3 $2.6 $3.2
3/01 6/01 9/01 12/01 3/02 6/02 9/02 12/02
Fully Diluted Quarterly EPS
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47.6% CQGR (1)
$(0.1) $0.03 $0.08 $0.08 $0.17 $0.24 $0.27 $0.31
3/01 6/01 9/01 12/01 3/02 6/02 9/02 12/02
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18 (1) CQGR - Compound Quarterly Growth Rate: 6/01 to 12/02
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Commercial Capital Bancorp, Inc.