Commercial Capital Bancorp Inc
Commercial Capital Bancorp — Q1 2005 Earnings Presentation
33 slides from Commercial Capital Bancorp's earnings presentation, Apr 25, 2005
Slide 1: First Quarter 2005 Earnings Call
First Quarter 2005 Earnings Call NASDAQ: CCBI April 25, 2005
Slide 2: Regulation FD
Regulation FD This presentation may include forward-looking statements related to the plans, beliefs and goals of the Company, its subsidiaries, which involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such risks
Slide 3: Financial Position
Financial Position 3/31/2005 12/31/2004 Total Assets $5.3 billion $5.0 billion Total Loans, net $4.2 billion $3.9 billion Deposits- Bank Only $2.4 billion $2.3 billion Deposits- Consolidated $2.0 billion —_ $2.3 billion Equity $653 million $625 million Tangible Equity $269 million $262 million
Slide 4: Financial Results
Financial Results Quarter Ended 3/31/2005 12/31/2004 Net Income $23.1 million $20.2 million Retum on Average Equity 14.41% 13.06% Retum on Avg.Tang. Equity 34.49% 31.55% Retum on Average Assets 1.78% 1.61% Returm on Avg.Tang. Assets 1.92% 1.73% Net Interest Margin 3.27% 3.38% Efficiency Ratio 30.07%
Slide 5: TIMCOR Acquisition
TIMCOR Acquisition Acquisition completed on February 17, 2005. $370.2 mm in exchange balances of which $355.6 mm was on deposit at the Bank at March 31, 2005. $183.1 mm in average exchange balances during the first quarter of 2005. $374,000 in 1031 exchange fee income since the close of the acquisit
Slide 6: Strong Earnings Performance
Strong Earnings Performance (1) AGR- Anuual Growth Rate 03/04 to 03/05
Slide 7: Profitability Ratios
Profitability Ratios (1) AGR- Anuual Growth Rate 03/04 to 03/05
Slide 8: Book Value Per Share
$14 $12 $10 Book Value Per Share $10.97 $11.20 $1147 $11.78 r] | 3/04 6/04 9104 2/04 3/05
Slide 9: Return on Average Assets
2.0% 15% 1.0% 0.5% 0.0% Return on Average Assets 1.78% 1.56% ] 1.50% ] : 3/04 6/04 9104 12/04 3/05
Slide 10: Return on Average Tangible Assets
Retum on Average Tangible Assets 2.0% 1.92% fees) 163% «1.60% «1/3 1.5% 1.0% 0.5% 0.0% 3/04 6/04 9/04 12/04 3/05
Slide 11: Return on Average Equity
26.3% 3/04 Retum on Average Equity 17.7% ; | | 6/04 9/04 12/04 144% 3/05
Slide 12: Return on Average Tangible Equity
Return on Average Tangible Equity 29.9% 38 30,604 31.6% 6/04 9/04 12/04 34.5% 3/05
Slide 13: Total Assets
Total Assets (Sin billions) $6 $5 $4 “ $2.0 $2 s ff $- 3/04 6/04 9104 12/04 3/05
Slide 14: Loan Originations Support Balance Sheet Growth
Loan Originations Support Balance Sheet Growth
Slide 15: Total Loans
(Sin billions) $5 $4 $3 $2 $1 Total Loans $3.9 $3.9 $3.6 $1.2 3/04 6/04 9104 12/04 3/05
Slide 16: Loan Portfolio Mix, Mar-05
Mar-05 Multi-Family Commercial 63% ee 10% Singe Family Business & 20% Other Construction Multi-Family Commercial <1% &Land 61% Be ia 11% Single Family Business & ane hee Construction <1% & laud —_ M%
Slide 17: Asset Quality of Real Estate Loans
Asset Quality of Real Estate Loans
Slide 18: LTV and DCR of First Quarter 2005 Originations
LTV and DCR of First Quarter 2005 Originations Multi-family Loan to Value 66.3% Debt Coverage Ratio 1.25:1 Commercial RE Loan to Value 59.7% Debt Coverage Ratio 1.64:1 Values are weighted average ratios, at origination
Slide 19: Adjustable Rate Lender MAT
Adjustable Rate Lender 12 MAT Prime 6 mo CMT 6 mo Libor 3 mo Libor 1 mo Libor
Slide 20: Historical and Forecasted 12-MAT Calculation and Forecast
Historical and Forecasted 12-MAT 12 MAT Calculation and Forecast Based upon Current Month Average of the 1yr CMT
Slide 21: Securities to Total Assets
Securities to Total Assets 26% 11% 10% ~=—-10% 9% 3/04 6/04 9/04 12/04 3/05
Slide 22: Bank Deposits
(Bin billions) $3 $2 $1 Bank Deposits 25 93 gy, S24 3/04 6/04 9/04 12/04 3/05 @ Transaction Accounts m Time Deposits
Slide 23: Deposit Mix: DDA, Savings, Money Market
DDA Savings 36% loney Market 32% 45%
Slide 24: Equity to Assets
Equity to Assets 12.29% 12.26% 12.44% 12.24% 10% 5.81% 5% | 0% 15% 3104 6/04 9/04 12/04 3/05 Tangible Equity to Assets 6% % 5.21% v4 51M 4 og, 4.9806 5.05% 4% 2% 0% =) 3/04 604.904 :12/04 3105
Slide 25: Tangible Equity to Tangible Assets
Tangible Equity to Tangible Assets 6% 5.3306 782% 5.44% 5.17% — 5.90% 4% % 0% 3/04 6/04 9/04 12/04 3/05
Slide 26: Tier 1 Core Capital Ratio
10% 8% 6% 4% 2% 0% 787% Tier 1 Core Capital Ratio TS7% 7.63% 8.01% 8.05% 3/04 6/04 9/04 12/04 3/05
Slide 27: Total Revenues
Total Revenues (8 in millions) 80 : $67.1 $66.0 $70 $60.6 $60 $50 eh $36.6 $30 $23.4 $20 $10 30 3/04 6/04 9104 12/04 3/05
Slide 28: Net Interest Income
(8 in millions) $50 $40 $30 $20 $13.8 $10 | $0 Net Interest Income $37.9 $38.5 $22.9 | ; 6/04 9104 12/04 $383 3/05
Slide 29: Noninterest Income
(8 in millions) $8 $7 $6 $5 $4 $3 $2 $1 $0 Noninterest Income $2.97 $1.82 a Il 3/04 6/04 $3.62 9/04 $6.69 12/04 $3.75 3/05
Slide 30: Operating Performance Ratios
Operating Performance Ratios
Slide 31: Operating Performance Ratios
Operating Performance Ratios
Slide 32: Earnings Performance
Earnings Performance (1) AGR- Anuual Growth Rate 03/04 to 03/05
Slide 33: First Quarter 2005 Earnings Call
First Quarter 2005 Earnings Call NASDAQ: CCBI April 25, 2005
Commercial Capital Bancorp — Q1 2005 Earnings Presentation on 6ix