Commercial Capital Bancorp Announces Fourth Quarter 2005 Earnings

Commercial Capital Bancorp, Inc. (NASDAQ:CCBI):

   --  Record Total Assets of $5.46 Billion, a 9% Increase from
        Fourth Quarter 2004

   --  Record Total Loan Fundings of $716.0 Million, a 32% Increase
        from Fourth Quarter 2004

   --  Earnings of $0.26 Per Share on Net Income of $15.1 Million

   --  Non-GAAP Earnings of $0.29 Per Share on Net Income of $16.4
        Million

   Commercial Capital Bancorp, Inc. (NASDAQ:CCBI), the parent company
of Commercial Capital Bank, TIMCOR Exchange Corporation and North
American Exchange Company, today announced net income of $15.1 million
or $0.26 per diluted share for the fourth quarter of 2005, declines of
25% and 28%, respectively, from the fourth quarter of 2004. Excluding
the direct costs of the Commercial Banking Division, the Company
generated Non-GAAP net income of $16.4 million or $0.29 per diluted
share during the fourth quarter of 2005. Net income totaled $74.3
million or $1.29 per diluted share for 2005, compared to $56.3 million
or $1.21 per diluted share for 2004.
   The financial results for the fourth quarter of 2005 reflect the
successful implementation of the Company's core growth strategy.

   --  Total assets grew to a record $5.46 billion at December 31,
        2005, an increase of $439.6 million from December 31, 2004.
        The growth in assets during the quarter was generated by the
        Bank's strong fundings of multifamily, commercial real estate
        and construction loans.

   --  Record loan fundings of $716.0 million were achieved during
        the fourth quarter of 2005, an increase of 32% over the fourth
        quarter of 2004.

   --  Total revenues in the fourth quarter of 2005 reached $75.2
        million, the highest level for any quarter in the Company's
        history.

   --  1031 exchange balances averaged $701.8 million for the fourth
        quarter of 2005, reflecting the acquisitions of TIMCOR and
        NAEC in February and May of 2005, respectively. Exchange
        balances had an average cost of 0.86% for the fourth quarter
        of 2005.

   --  The Company announced signing of an agreement to acquire
        Calnet Business Bank, National Association, a Sacramento,
        California-based community bank with total assets of $176.6
        million, total deposits of $152.9 million and total
        shareholders' equity of $22.7 million at December 31, 2005.
        The acquisition is expected to close in the first quarter of
        2006.

   The comparability of the Company's quarterly results is affected
by the acquisitions that occurred in mid-2004 and early 2005. The
Company's operating results from the fourth quarter of 2005 include
the operations of TIMCOR and NAEC which were acquired earlier in 2005.
While the operations of these companies are included in the 2005
results, they are not reflected in comparable 2004 results.
Additionally, Hawthorne Financial Corporation was acquired in June
2004.
   Stephen H. Gordon, Chairman and Chief Executive Officer of
Commercial Capital Bancorp, Inc., commented, "Our fourth-quarter
results reflect our continued strategy of growing our core businesses,
removing non-core assets from our balance sheet and maturing and
improving our depository franchise. We have completed the process of
selling non-core residential loans that were identified in early 2005
and are now focused on growing our balance sheet through our
multifamily and commercial origination platform. We are keenly focused
on growth through funding high quality assets and on the expansion and
improvement of our depository franchise." Gordon continued, "The
fourth-quarter results were negatively impacted by the costs
associated with the further development of the Bank's Commercial
Banking Division. This division is an important part of our
multi-pronged funding strategy and, notwithstanding the near term
costs, we have begun to realize the potential contributions to the
Company, with approximately $50 million of deposits contributed by the
division during the quarter."

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                   Fourth Quarter Financial Summary
                  ($ in 000's, except per share data)

                                 2005      2004     Change   % Change
                               --------  --------  --------  ---------
Total revenues(i)               $75,154   $67,083    $8,071      12.0%
Net interest income              37,403    38,468    -1,065      -2.8
Non-interest income               6,066     6,690      -624      -9.3
G&A Expenses                     20,532    12,705     7,827      61.6
Net income                       15,101    20,234    -5,133     -25.4
Basic EPS                          0.27      0.37     -0.10     -27.0
Diluted EPS                        0.26      0.36     -0.10     -27.8
Yield on earning assets            5.93%     5.30%     0.63      11.9
Cost of funds                      2.78      2.00      0.78      39.0
Net interest margin                3.21      3.38     -0.17      -5.0
Net interest margin, Non-
 GAAP(ii)                          3.13      3.08      0.05       1.6
ROAA                               1.15      1.61     -0.46     -28.6
ROAA - Tangible                    1.24      1.73     -0.49     -28.3
ROAE                               8.69     13.06     -4.37     -33.5
ROAE - Tangible                   20.59     31.55    -10.96     -34.7
Efficiency ratio                  47.23     28.13     19.10      67.9
G&A to total assets                1.56      1.01      0.55      54.5
Effective income tax rate         33.69     37.26     -3.57      -9.6
Core loan fundings(iii)        $684,656  $495,730  $188,926      38.1
Total loan fundings(iv)         716,039   540,783   175,256      32.4
*T

   Operating Results

   The Company's net interest income during the fourth quarter
totaled $37.4 million, a decrease of 3% from $38.5 million for the
fourth quarter of 2004. The Company's yield on interest-earning assets
increased 63 basis points to 5.93% for the fourth quarter of 2005,
compared to 5.30% for the fourth quarter of 2004. Average
interest-earning assets totaled $4.66 billion during the fourth
quarter of 2005 as compared to $4.55 billion during the fourth quarter
of 2004. The growth of average interest-earning assets was muted by
the sale of non-core assets and the fourth quarter fundings being
heavily weighted toward the end of the quarter. Average
interest-bearing liabilities equaled $4.37 billion for the fourth
quarter of 2005, an increase of $106.6 million over 2004. During the
fourth quarter of 2005, $655.0 million of FHLB advances that
originally were borrowed on extended maturity schedules at an average
cost of 2.64% matured. These advances were replaced with sources at
current market rates of interest. The maturity of these advances
combined with rising short-term interest rates contributed to an
increase in the Company's cost of funds during the fourth quarter of
2005. The Company's cost of funds was 2.78% during the fourth quarter
of 2005, an increase of 78 basis points from the fourth quarter of
2004. Excluding purchase accounting adjustments related to the
acquisition of Hawthorne, the Company's net interest margin expanded
by five basis points year over year to 3.13% for the fourth quarter of
2005, from 3.08% for the fourth quarter of 2004.
   Noninterest income decreased by 9% to $6.1 million for the fourth
quarter of 2005, from $6.7 million for the fourth quarter of 2004. The
decrease in noninterest income is due primarily to a decrease in the
gain on sale of loans, which totaled $534,000 for the fourth quarter
of 2005, compared to $3.8 million for the fourth quarter of 2004. The
gain on sale of loans for the fourth quarter of 2005 declined compared
to the prior year period due to a lower volume of loan sales as the
Company completed its programs to restructure its balance sheet and
reduce non-core assets.
   The Company's general and administrative expenses totaled $20.5
million for the fourth quarter of 2005, compared to $12.7 million for
the fourth quarter of 2004. The most significant increase in expenses
was compensation costs, which was driven by a higher level of staffing
during 2005. The acquisitions of TIMCOR and NAEC and the investment
made in the expansion of the commercial banking efforts resulted in a
significant increase in staff. The fourth quarter of 2005 includes
approximately $2.3 million of direct expenses related to the
Commercial Banking Division. This included approximately $1.1 million
of salaries, benefits and other costs and $1.2 million of professional
and legal costs associated with the start up of this division and the
Company's defense in the previously disclosed related litigation.
   The Company's effective tax rate was 33.69% for the fourth quarter
of 2005, compared to 37.26% for the fourth quarter of 2004. The
reduction of the Company's effective tax rate for the fourth quarter
of 2005 compared to the fourth quarter of 2004 results primarily from
the Company's strategy of investing in qualified low income community
investments under the New Markets Tax Credit provisions of the
Internal Revenue Code of 1986, as amended. The Company continues to
benefit from prior year investments in similar tax credits, as well as
tax benefits from funding loans in tax enterprise zones.

   Asset Strategy

   Total assets increased to a record $5.46 billion at December 31,
2005, compared to $5.02 billion at December 31, 2004. During 2005, the
Company employed a strategy to increase its focus on multifamily and
commercial real estate loans and reduce the level of single family
residential loans in its portfolio. In the first quarter of 2005, the
Bank identified and designated $611.6 million of low rate, super
jumbo, single family adjustable rate loans as held for sale. The Bank
continues to originate single family residential loans, but intends to
identify as held for sale those single family residential loans that
do not meet its profitability criteria. During 2005, these asset
strategies resulted in the sale of $731.1 million of single family
residential loans from the Bank's portfolio and 2005 originations. The
composition of the balance sheet at December 31, 2005 reflects the
results of these strategies. Total loans increased to $4.34 billion at
December 31, 2005, an increase of $420.8 million over the levels at
December 31, 2004, with multifamily loans held for investment totaling
$3.05 billion and representing 70% of total loans held for investment
at December 31, 2005. Multifamily loans totaled $2.40 billion, and
represented 61% of total loans at December 31, 2004. The current and
ongoing strategy of the Company will continue to focus on the funding
of adjustable rate multifamily and commercial real estate loans that
are indexed to the 12 MAT and other market indices. At December 31,
2005, 97% of the loan portfolio was adjustable rate loans and 56% of
adjustable rate loans were based upon the 12MAT. Although the Company
is focused on the funding of adjustable rate loans, the Company does
not hold a significant amount of loans subject to negative
amortization at December 31, 2005. As a result, the Company had less
than $1.0 million of negative amortization balances as of December 31,
2005.

   Loan Fundings

   The Company's lending efforts are focused on adjustable rate
multifamily and commercial real estate loans. The strategy emphasizes
loans originated through an in-house lending team of professionals in
order to ensure that the customer relationship is maintained and that
strict standards of credit quality are maintained. Purchasing loans
and using third party mortgage brokers are part of the overall funding
and portfolio growth strategy. During the fourth quarter of 2005,
$570.4 million of core loans were originated, $114.3 million were
purchased and $31.4 million were originated through broker or conduit
relationships. These figures compare favorably to the fourth quarter
of 2004 during which the Bank originated core loans of $495.7 million
and originated $45.1 million of loans through broker or conduit
relationships.
   David S. De Pillo, President and Chief Operating Officer,
observed, "California continues to experience population expansion and
the demand for affordable housing has led to continued strong demand
for our loan products. Our loan origination franchise has built strong
relationships and we are one of the strongest competitors in the
multifamily niche. We have grown to being one of the leading
multifamily lenders in the state of California and we have the
capacity to continue to grow. If concerns regarding the affordability
of single family residences should prove to be realized, we feel that
we are well positioned to provide loan products to fill the need for
affordable housing that should be attractive to real estate developers
and investors who are seeking loan products and services."

   PORTFOLIO ASSET QUALITY

   The level of nonperforming assets has been relatively low over
recent quarters and the fourth quarter of 2005 proved to be consistent
with that trend. Nonperforming assets totaled $8.6 million or 0.16% of
total assets at December 31, 2005. This compares with nonperforming
assets of $6.6 million or 0.13% of total assets at December 31, 2004.
Nonperforming assets are typically comprised of loans on nonaccrual
status, loans that have been restructured and real estate acquired
through foreclosure.
   The Company's internal asset review process evaluates the adequacy
of its allowance for loan losses on a quarterly basis. At December 31,
2005, the allowance for loan losses was $28.7 million, which is 335%
of nonperforming loans and 0.66% of total loans. The Company's review
of its allowance for loan losses at December 31, 2005 indicated that a
provision for loan losses for the fourth quarter of 2005 was not
required and that the allowance for loan losses is adequate to cover
potential losses inherent in the loan portfolio.

   LIABILITY MANAGEMENT

   A key focus of the balance sheet funding strategy implemented
throughout 2005 was to increase the utilization of lower costing
funding sources. The acquisitions of TIMCOR and NAEC during 2005 were
an outgrowth of this strategy and provided average exchange balances
of $701.8 million for the fourth quarter of 2005 at an average cost of
0.86%. At December 31, 2005, exchange balances totaled $623.3 million,
which reflects the inter-period cyclical nature of exchanges. Although
reflected as borrowings on the Company's balance sheet, these funding
sources are viewed as transaction account balances in the
implementation of the Company's asset liability management strategy.
Transaction account balances, which consist of deposits that may be
withdrawn by depositors without notice and exchange balances, totaled
$1.70 billion at December 31, 2005, an increase of $473.0 million or
38% from $1.23 billion December 31, 2004, respectively. The growth of
the transaction account balances was the most significant factor in
the increase in total liabilities to $4.77 billion at December 31,
2005, as compared to $4.40 billion at December 31, 2004.
   On October 20, 2005, the Company announced it had entered into a
definitive agreement to acquire Calnet Business Bank, National
Association. The all-stock transaction is valued at approximately $40
million and is expected to close in the first quarter of 2006. At
December 31, 2005, Calnet had total assets of $176.6 million, total
loans of $107.4 million, total deposits of $152.9 million and total
shareholders' equity of $22.7 million. For the fourth quarter of 2005,
Calnet's net interest margin expanded to 5.70%. Calnet conducts its
Greater Sacramento Valley, relationship-driven deposit gathering and
lending business from a single location in Sacramento. Calnet's
lending programs focus on commercial real estate, construction and
business loans within the Greater Sacramento Valley region. The
closing of the Calnet acquisition by the Company is subject to
approval by Calnet shareholders and the Office of Thrift Supervision,
the Company's primary regulator.
   Gordon commented, "The expansion of our funding strategies
reflects the Company's commitment to cost effective funds management
and remains a primary focus of our core business strategy. We will be
employing several strategies to achieve our objective. We will further
mature and expand our commercial, relationship and retail banking
efforts. We expect to expand our retail branch network and exchange
accommodator business through organic and de novo growth and
opportunistic acquisitions. The TIMCOR, North American and Calnet
acquisitions are good examples of the type of acquisitions that the
Company will focus on in the future. The recently announced signing of
a definitive agreement to acquire Oakland, California based Lawyers
Asset Management, with over $100 million of exchange balances,
demonstrates our commitment to and success with this strategy."

   SHAREHOLDERS' EQUITY

   Stockholders' equity totaled $698.1 million at December 31, 2005,
an increase of 11.7% from $625.2 million at December 31, 2004. Growth
in the level of shareholders' equity has been driven by retained
earnings and by shares used in the acquisition of TIMCOR. As part of
the strategy to manage its shares outstanding, on October 12, 2005 the
Company's Board of Directors approved a stock repurchase program which
allows for up to $20 million of shares to be repurchased. This plan
will begin upon the conclusion of the repurchase program authorized in
January 2005, which has remaining authorization to repurchase 532,463
shares. During 2005, the Company repurchased 1,036,400 shares. The
Company's Board of Directors declared a cash dividend of $0.075 per
share for shareholders of record on February 15, 2006 to be paid on
March 1, 2006.
   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 8.75%, 11.72% and 12.48% at
December 31, 2005, respectively

   FORWARD GUIDANCE

   Stephen H. Gordon stated, "We view 2005 as a transition year for
the Company; a year in which the Company restructured its portfolio,
acquired new business lines and expanded its commercial banking
efforts. We believe the successful maturation of these initiatives,
when combined with our relationship and retail banking focus will
improve the Company's franchise value. Looking forward to 2006, we
will continue to look for strategic opportunities that provide
synergistic, low cost transaction account balances and expand our
depository franchise. We will look to build a nationwide platform for
our 1031 exchange accommodator businesses and hope to build
efficiencies from further growth. During 2006, we expect to grow our
loan portfolio without compromising asset quality. We recognize the
challenges of operating in a relatively flat or inverted yield curve
environment. These and other factors lower the precision of accurately
forecasting our businesses. We will continue to focus our core
origination expertise on adjustable rate multifamily and commercial
real estate lending and we have established an internal goal of
growing total assets in the range of 20% to 25% during 2006. Despite
the challenges, we remain confident in our business strategy and in
our ability to continue to grow our lines of business profitably."

   CONFERENCE CALL AND WEBCAST INFORMATION

   Analysts, investors, and the general public may listen to the
Company's discussion of its fourth quarter's earnings and performance
and participate in the question/answer session by using the phone
number listed below, or through a live video webcast of the conference
available through a link on the home page of the Company's website at
www.commercialcapital.com. The multimedia webcast enables conference
participants to experience the conference with greater impact by
simultaneously viewing the video broadcast as well as tables, charts,
and speaker's notes. The webcast also allows participants to interact
with the speakers through a live web-based question and answer
session. Windows Media player is required for viewing the video
webcast. It is recommended that participants dial into the conference
call, or log into the webcast, approximately 5 to 10 minutes prior to
the call.
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Conference Call                                 
Date: Monday, January 23, 2006                  
Time: 7:00 a.m. PST (10:00 a.m. EST)            
Phone Number [phone]                     
International Dial In [phone]            
Access Code: 65748596

Webcast                                 
Date: Monday, January 23, 2006          
Time: 7:00 a.m. PST (10:00 a.m. EST)    
Webcast URL: www.commercialcapital.com  
Windows Media player is required        
*T

   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. A replay of the
call will be available approximately 2 hours after the call's
conclusion. To listen to the call replay dial [phone], or for
international callers dial [phone], the access code for either
replay number is 56896605. The webcast archive and call replay will be
available until March 7, 2006.

   Commercial Capital Bancorp, Inc. is a diversified financial
services company with $5.46 billion of total assets, at December 31,
2005. 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 and North American Exchange Company
brand names.

   This release and the aforementioned conference call and webcast
may include forward-looking statements related to the Company's plans,
beliefs and goals, and its proposed acquisition of Calnet 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. With
respect to its proposed Calnet acquisition, these risks and
uncertainties include, but are not limited to governmental approval of
the merger may not be obtained or adverse regulatory conditions may be
imposed in connection with governmental approvals of the merger and
that the stockholders of Calnet may fail to provide the required
approval to consummate the merger. The Company undertakes no
obligation to revise or publicly release any revision to these
forward-looking statements.
   This press release may be deemed to be solicitation material with
respect to the proposed acquisition of Calnet and the issuance of
shares of common stock by the Company pursuant to the merger. In
connection with the proposed transaction, a registration statement on
Form S-4 has been filed with the SEC. The registration statement
contains a proxy statement/prospectus that has been distributed to the
shareholders of Calnet in connection with their vote on the merger.
SHAREHOLDERS OF CALNET ARE ENCOURAGED TO READ THE REGISTRATION
STATEMENT AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC,
INCLUDING THE PROXY STATEMENT/PROSPECTUS THAT IS PART OF THE
REGISTRATION STATEMENT, BECAUSE THEY CONTAIN IMPORTANT INFORMATION
ABOUT THE PROPOSED MERGER. Investors and security holders may 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 Company by contacting: Investor Relations, Commercial
Capital Bancorp, Inc., 8105 Irvine Center Drive, 15th Floor Irvine, CA
92618, telephone: [phone] or by visiting the Company's website at
www.commercialcapital.com, or from Calnet by contacting Kevin R.
Watson, Chief Financial Officer, Calnet Business Bank, 1565 Exposition
Blvd., Sacramento, CA 95815, telephone: [phone] or by visiting
Calnet's website at www.Calnetbank.com.

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*T
(i) Total revenue is defined as interest income plus noninterest
 income.
(ii) Net interest margin, Non-GAAP excludes purchase accounting
 adjustments related to the acquisition of Hawthorne Financial
 Corporation.
(iii) 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.
(iv) The Company defines total loan fundings to include loans that
 are originated or purchased by the Company during the period.



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

                          Dec. 31, 2005  Sept. 30, 2005 June 30, 2005
----------------------------------------------------------------------
         ASSETS
Cash and Cash Equivalents  $     33,735   $     69,112   $     33,812
Securities Available For
 Sale                           384,144        408,338        444,456
FHLB Stock                       84,788         84,314         98,943
Loans Held for Investment
  Single Family                 394,678        246,400        196,605
  Multifamily                 3,050,931      2,897,778      2,807,503
  Commercial Real Estate        601,665        534,599        518,106
  Construction                  202,237        186,583        190,302
  Land                           74,948         48,414         43,946
                          --------------------------------------------
    Total Real Estate
     Loans                    4,324,459      3,913,774      3,756,462
  Business and Other
   Loans                         12,396         18,085         18,723
                          --------------------------------------------
    Total Loans Held for
     Investment               4,336,855      3,931,859      3,775,185
  Net Deferred Fees,
   Premiums and Discounts         3,427            319         (1,815)
  Allowance for Loan
   Losses                       (28,705)       (28,723)       (28,731)
                          --------------------------------------------
    Total Loans Held for
     Investment, Net          4,311,577      3,903,455      3,744,639
Loans Held for Sale              23,961        165,760        304,723
                          --------------------------------------------
    Total Loans               4,335,538      4,069,215      4,049,362
Fixed Assets - Net               15,838         16,624         16,905
Foreclosed Assets                     -              -              -
Accrued Interest
 Receivable                      21,909         19,652         18,872
Goodwill                        397,164        394,080        394,080
Core Deposit Intangible           5,251          5,414          5,576
Bank-Owned Life Insurance       114,409         93,290         47,525
Affordable Housing
 Investments                     33,035         33,956         34,877
Other Assets                     37,738         41,664         35,593
----------------------------------------------------------------------
TOTAL ASSETS               $  5,463,549   $  5,235,659   $  5,180,001
======================================================================

  LIABILITIES AND STOCKHOLDERS' EQUITY

Deposits
  Demand Deposits -
   Noninterest-Bearing     $    141,597   $    140,185   $    127,300
  Demand Deposits -
   Interest-Bearing              71,386         74,063         74,941
  Money Market Checking         348,137        212,637        243,337
  Money Market Savings          372,230        438,313        313,158
  Savings                       147,386        173,481        218,573
                         ---------------------------------------------
     Total Transaction
      Deposits                1,080,736      1,038,679        977,309
  Retail Time Deposits        1,028,546      1,001,281        939,410
  Broker Time Deposits          150,800         55,845        115,895
                         ---------------------------------------------
     Total Time Deposits      1,179,346      1,057,126      1,055,305
                         ---------------------------------------------
        Total Deposits        2,260,082      2,095,805      2,032,614
Borrowings
 FHLB Advances                1,597,806      1,510,917      1,521,028
 Exchange Balances              623,284        679,526        685,551
 Junior Subordinated
  Debentures                    149,962        150,107        150,253
 Other Borrowings                72,000         69,000         65,000
                         ---------------------------------------------
        Total Borrowings      2,443,052      2,409,550      2,421,832
Other Liabilities                62,298         49,578         57,098
----------------------------------------------------------------------
TOTAL LIABILITIES             4,765,432      4,554,933      4,511,544

STOCKHOLDERS' EQUITY            698,117        680,726        668,457
----------------------------------------------------------------------
TOTAL LIABILITIES AND
 STOCKHOLDERS' EQUITY      $  5,463,549   $  5,235,659   $  5,180,001
======================================================================


                          Mar. 31, 2005   Dec. 31, 2004
--------------------------------------------------------
         ASSETS
Cash and Cash Equivalents  $     78,775   $      16,961
Securities Available For
 Sale                           464,689         491,265
FHLB Stock                       97,007          96,046
Loans Held for Investment
  Single Family                 209,480         841,818
  Multifamily                 2,633,004       2,396,788
  Commercial Real Estate        440,088         420,015
  Construction                  225,650         225,058
  Land                           50,182          56,308
                         -------------------------------
    Total Real Estate
     Loans                    3,558,404       3,939,987
  Business and Other
   Loans                         19,364          16,360
                         -------------------------------
    Total Loans Held for
     Investment               3,577,768       3,956,347
  Net Deferred Fees,
   Premiums and Discounts        (4,798)         (5,708)
  Allowance for Loan
   Losses                       (28,743)        (36,835)
                         -------------------------------
    Total Loans Held for
     Investment, Net          3,544,227       3,913,804
Loans Held for Sale             612,549             976
                         -------------------------------
    Total Loans               4,156,776       3,914,780
Fixed Assets - Net               16,419          10,318
Foreclosed Assets                     -               -
Accrued Interest
 Receivable                      19,374          17,120
Goodwill                        377,726         357,367
Core Deposit Intangible           5,739           5,902
Bank-Owned Life Insurance        47,081          46,277
Affordable Housing
 Investments                     35,798          36,719
Other Assets                     33,961          31,169
--------------------------------------------------------
TOTAL ASSETS               $  5,333,345   $   5,023,924
========================================================

  LIABILITIES AND STOCKHOLDERS' EQUITY

Deposits
  Demand Deposits -
   Noninterest-Bearing     $    110,741   $     97,931
  Demand Deposits -
   Interest-Bearing              78,611         78,003
  Money Market Checking         316,639        473,344
  Money Market Savings          195,875        245,306
  Savings                       281,766        336,474
                         ------------------------------
     Total Transaction
      Deposits                  983,632      1,231,058
  Retail Time Deposits          933,209        932,562
  Broker Time Deposits          115,199         93,161
                         ------------------------------
     Total Time Deposits      1,048,408      1,025,723
                         ------------------------------
        Total Deposits        2,032,040      2,256,781
Borrowings
 FHLB Advances                2,015,338      1,856,349
 Exchange Balances              370,202              -
 Junior Subordinated
  Debentures                    150,398        135,079
 Other Borrowings                61,000        101,000
                         ------------------------------
        Total Borrowings      2,596,938      2,092,428
Other Liabilities                51,589         49,499
-------------------------------------------------------
TOTAL LIABILITIES             4,680,567      4,398,708

STOCKHOLDERS' EQUITY            652,778        625,216
-------------------------------------------------------
TOTAL LIABILITIES AND
 STOCKHOLDERS' EQUITY      $  5,333,345   $  5,023,924
=======================================================


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

                                      Three Months Ended
                         ---------------------------------------------
                         Dec. 31, Sept. 30, June 30, Mar. 31, Dec. 31,
                           2005      2005     2005     2005     2004
----------------------------------------------------------------------
Interest Income
  Loans                  $63,579   $60,148  $58,540  $55,905  $54,221
  Securities               4,431     4,698    4,990    5,219    5,285
  FHLB Stock               1,003       935    1,086    1,034      860
  Fed Funds and Other         75        83       62       83       27
                        ----------------------------------------------
    Total Interest
     Income               69,088    65,864   64,678   62,241   60,393
Interest Expense
  Deposits                15,175    12,852   10,861    9,874    9,174
  FHLB Advances           11,656    10,139   10,923   11,145   10,717
  Exchange Balances        1,527     1,552    1,147      341        -
  Junior Subordinated
   Debentures              2,644     2,481    2,307    2,043    1,770
  Other Borrowings           683       575      515      504      264
                        ----------------------------------------------
    Total Interest
     Expense              31,685    27,599   25,753   23,907   21,925
                        ----------------------------------------------
Net Interest Income       37,403    38,265   38,925   38,334   38,468
Recapture of Allowance
 for Loan Losses               -         -        -   (8,109)       -
                        ----------------------------------------------
Net Interest Income
 after Recapture of
 Allowance for Loan
 Losses                   37,403    38,265   38,925   46,443   38,468
Noninterest Income
  Loan Related Fees        1,311     1,380    1,519    1,058    1,591
  Retail Banking Fees        513       558      509      531      546
  Mortgage Banking Fees      131       136      108       40      122
  1031 Exchange Fees       1,301     1,620    1,347      374        -
  Gain on Sale of Loans      534     1,494    2,757      645    3,809
  Gain on Sale of
   Securities                  -         -        -        -        -
  Other Income             2,276     2,246      658    1,100      622
                        ----------------------------------------------
    Total Noninterest
     Income                6,066     7,434    6,898    3,748    6,690

Noninterest Expenses
  Compensation and
   Benefits               10,544     9,251    7,235    6,619    6,120
  Non-Cash Stock
   Compensation              548       865      393      241       29
  Occupancy and
   Equipment               2,206     2,219    2,052    2,159    2,096
  Marketing                  311       393      619      654      498
  Technology                 770       746      646      612      538
  Professional and
   Consulting              1,847     2,482      694      498      440
  Insurance Premiums and
   Assessment Costs          620       602      574      568      579
  Merger-Related              13         -        -        -      282
  (Recapture of)
   Provision for Reserve
   for Unfunded
   Commitments                (2)       56        -   (1,490)    (416)
  Other Expenses           3,675     3,251    3,055    2,793    2,539
                        ----------------------------------------------
    Total G&A Expenses    20,532    19,865   15,268   12,654   12,705
  Early Extinguishment
   of Debt                     -         -        -        -        -
  Amortization of Core
   Deposit Intangible        163       163      162      163      203
                        ----------------------------------------------
    Total Noninterest
     Expenses             20,695    20,028   15,430   12,817   12,908
                        ----------------------------------------------
Income Before Taxes       22,774    25,671   30,393   37,374   32,250
Income Tax Expense         7,673     8,835   11,068   14,287   12,016
                        ----------------------------------------------
Net Income               $15,101   $16,836  $19,325  $23,087  $20,234
                        ==============================================


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

                                             Twelve Months Ended
                                        Dec. 31, 2005   Dec. 31, 2004
----------------------------------------------------------------------
Interest Income
  Loans                                 $     238,173   $     146,685
  Securities                                   19,338          23,058
  FHLB Stock                                    4,058           2,811
  Fed Funds and Other                             302              82
                                      --------------------------------
    Total Interest Income                     261,871         172,636
Interest Expense
  Deposits                                     48,762          26,137
  FHLB Advances                                43,863          27,731
  Exchange Balances                             4,566               -
  Junior Subordinated Debentures                9,475           5,005
  Other Borrowings                              2,278             741
                                      --------------------------------
    Total Interest Expense                    108,944          59,614
                                      --------------------------------
Net Interest Income                           152,927         113,022
Recapture of Allowance for Loan Losses         (8,109)              -
                                      --------------------------------
Net Interest Income after Recapture of
 Allowance for Loan Losses                    161,036         113,022
Noninterest Income
  Loan Related Fees                             5,268           5,194
  Retail Banking Fees                           2,112           1,347
  Mortgage Banking Fees                           416             566
  1031 Exchange Fees                            4,641               -
  Gain on Sale of Loans                         5,429           4,022
  Gain on Sale of Securities                        -           2,152
  Other Income                                  6,281           1,806
                                      --------------------------------
    Total Noninterest Income                   24,147          15,087

Noninterest Expenses
  Compensation and Benefits                    33,649          17,930
  Non-Cash Stock Compensation                   2,047             117
  Occupancy and Equipment                       8,637           5,301
  Marketing                                     1,977           1,602
  Technology                                    2,774           1,375
  Professional and Consulting                   5,521           1,220
  Insurance Premiums and Assessment
   Costs                                        2,365           1,697
  Merger-Related                                   13           1,196
  Recapture of Reserve for Unfunded
   Commitments                                 (1,436)              -
  Other Expenses                               12,773           5,546
                                      --------------------------------
    Total G&A Expenses                         68,320          35,984
  Early Extinguishment of Debt                      -           1,204
  Amortization of Core Deposit
   Intangible                                     651             464
                                      --------------------------------
    Total Noninterest Expenses                 68,971          37,652
                                      --------------------------------
Income Before Taxes                           116,212          90,457
Income Tax Expense                             41,863          34,195
                                      --------------------------------
Net Income                              $      74,349   $      56,262
                                      ================================


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

                                      Three Months Ended
                         ---------------------------------------------
                         Dec. 31, Sept. 30, June 30, Mar. 31, Dec. 31,
                           2005      2005     2005     2005     2004
                         ---------------------------------------------
Interest-Earning Assets
  Loans                     6.10%     5.88%    5.61%    5.46%    5.47%
  Securities                4.40      4.39     4.37     4.33     4.29
  FHLB Stock                4.75      4.23     4.42     4.28     3.72
  Cash and Cash
   Equivalents              3.37      3.46     2.69     2.37     2.21
                         ---------------------------------------------
Total Yield on Interest-
 Earning Assets             5.93      5.70     5.46     5.31     5.30

Interest-Bearing
 Liabilities
  Transaction Accounts      2.48      2.17     1.85     1.69     1.66
  Certificates of
   Deposits                 3.45      3.03     2.62     2.24     1.76
  FHLB Advances             3.19      2.74     2.51     2.33     2.19
  Exchange Balances         0.86      0.88     0.85     0.76        -
  Junior Subordinated
   Debentures               6.99      6.55     6.15     5.71     5.21
  Other Borrowings          4.06      3.52     2.99     2.51     2.01
                         ---------------------------------------------
Cost on Interest-Bearing
 Liabilities                2.87      2.54     2.34     2.21     2.04
Cost of Funds               2.78      2.46     2.27     2.16     2.00
Interest Rate Spread        3.06      3.16     3.12     3.10     3.26
Net Interest Margin         3.21      3.31     3.28     3.27     3.38


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

                                         Three Months Ended
                               ---------------------------------------
                                            Dec. 31, 2005
                               ---------------------------------------
                                 Average      Interest     Average
                                  Balance                  Yield/Cost
                               ---------------------------------------
Interest-Earning Assets:
Total Loans(1)                 $ 4,167,744  $    63,579          6.10%
Securities(2)                      402,661        4,431          4.40
FHLB Stock                          84,456        1,003          4.75
Cash and Cash Equivalents(3)         8,904           75          3.37
                               -------------------------
Total Interest-Earning Assets    4,663,765       69,088          5.93
Noninterest-Earning Assets         602,356
                               ------------
Total Assets                   $ 5,266,121
                               ============

Interest-Bearing Liabilities:
Deposits:
Transaction Accounts(4)        $   918,067        5,730          2.48
Certificates of Deposits         1,087,314        9,445          3.45
                               -------------------------
Total Deposits                   2,005,381       15,175          3.00
FHLB Advances                    1,450,059       11,656          3.19
Exchange Balances                  701,815        1,527          0.86
Junior Subordinated Debentures     150,057        2,644          6.99
Other Borrowings (5)                66,818          683          4.06
                               -------------------------
Total Interest-Bearing
 Liabilities                     4,374,130       31,685          2.87
                                            ------------
Noninterest-Bearing Deposits       147,346
Other Noninterest-Bearing
 Liabilities                        49,887
                               ------------
Total Liabilities                4,571,363
Stockholders' Equity               694,758
                               ------------
Total Liabilities and
 Stockholders' Equity          $ 5,266,121
                               ============
Net Interest-Earning Assets    $   289,635
                               ============
Net Interest Income/Interest
 Rate Spread                                $    37,403          3.06%
                                            ==========================
Net Interest Margin                                              3.21%
                                                         =============

                                         Three Months Ended
                              ----------------------------------------
                                           Dec. 31, 2004
                              ----------------------------------------
                                 Average      Interest     Average
                                  Balance                  Yield/Cost
                               ---------------------------------------
Interest-Earning Assets:
Total Loans(1)                 $ 3,965,200  $    54,221          5.47%
Securities(2)                      492,297        5,285          4.29
FHLB Stock                          92,491          860          3.72
Cash and Cash Equivalents(3)         4,880           27          2.21
                               -------------------------
Total Interest-Earning Assets    4,554,868       60,393          5.30
Noninterest-Earning Assets         475,741
                               ------------
Total Assets                   $ 5,030,609
                               ============

Interest-Bearing Liabilities:
Deposits:
Transaction Accounts(4)        $ 1,084,645        4,534          1.66
Certificates of Deposits         1,049,900        4,640          1.76
                               -------------------------
Total Deposits                   2,134,545        9,174          1.71
FHLB Advances                    1,945,610       10,717          2.19
Exchange Balances                        -            -             -
Junior Subordinated Debentures     135,175        1,770          5.21
Other Borrowings (5)                52,248          264          2.01
                               -------------------------
Total Interest-Bearing
 Liabilities                     4,267,578       21,925          2.04
                                            ------------
Noninterest-Bearing Deposits        98,828
Other Noninterest-Bearing
 Liabilities                        44,302
                               ------------
Total Liabilities                4,410,708
Stockholders' Equity               619,901
                               ------------
Total Liabilities and
 Stockholders' Equity          $ 5,030,609
                               ============
Net Interest-Earning Assets    $   287,290
                               ============
Net Interest Income/Interest
 Rate Spread                                $    38,468          3.26%
                                            ==========================
Net Interest Margin                                              3.38%
                                                         =============

(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.


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

                                         Twelve Months Ended
                               ---------------------------------------
                                            Dec. 31, 2005
                               ---------------------------------------
                                 Average      Interest     Average
                                  Balance                  Yield/Cost
                               ---------------------------------------
Interest-Earning Assets:
Total Loans(1)                 $ 4,133,437  $   238,173          5.76%
Securities(2)                      442,145       19,338          4.37
FHLB Stock                          91,914        4,058          4.41
Cash and Cash Equivalents(3)        10,423          302          2.90
                               -------------------------
Total Interest-Earning Assets    4,677,919      261,871          5.60
Noninterest-Earning Assets         547,836
                               ------------
Total Assets                   $ 5,225,755
                               ============

Interest-Bearing Liabilities:
Deposits:
Transaction Accounts(4)        $   912,564       18,654          2.04
Certificates of Deposits         1,058,664       30,108          2.84
                               -------------------------
Total Deposits                   1,971,228       48,762          2.47
FHLB Advances                    1,649,162       43,863          2.66
Exchange Balances                  533,120        4,566          0.86
Junior Subordinated Debentures     148,918        9,475          6.36
Other Borrowings (5)                70,555        2,278          3.23
                               -------------------------
Total Interest-Bearing
 Liabilities                     4,372,983      108,944          2.49
                                            ------------
Noninterest-Bearing Deposits       130,913
Other Noninterest-Bearing
 Liabilities                        51,299
                               ------------
Total Liabilities                4,555,195
Stockholders' Equity               670,560
                               ------------
Total Liabilities and
 Stockholders' Equity          $ 5,225,755
                               ============
Net Interest-Earning Assets    $   304,936
                               ============
Net Interest Income/Interest
 Rate Spread                                $   152,927          3.11%
                                            ==========================
Net Interest Margin                                              3.27%
                                                         =============

                                        Twelve Months Ended
                              ----------------------------------------
                                            Dec. 31, 2004
                               ---------------------------------------
                                 Average      Interest     Average
                                  Balance                  Yield/Cost
                               ---------------------------------------
Interest-Earning Assets:
Total Loans(1)                 $ 2,706,840  $   146,685          5.42%
Securities(2)                      537,505       23,058          4.29
FHLB Stock                          70,565        2,811          3.98
Cash and Cash Equivalents(3)         5,703           82          1.44
                               -------------------------
Total Interest-Earning Assets    3,320,613      172,636          5.20
Noninterest-Earning Assets         300,211
                                -----------
Total Assets                   $ 3,620,824
                               ============

Interest-Bearing Liabilities:
Deposits:
Transaction Accounts(4)        $   818,594       13,864          1.69
Certificates of Deposits           757,734       12,273          1.62
                               -------------------------
Total Deposits                   1,576,328       26,137          1.66
FHLB Advances                    1,398,274       27,731          1.98
Exchange Balances                        -            -             -
Junior Subordinated Debentures     102,372        5,005          4.89
Other Borrowings (5)                49,467          741          1.50
                               -------------------------
Total Interest-Bearing
 Liabilities                     3,126,441       59,614          1.91
                                            ------------
Noninterest-Bearing Deposits        71,884
Other Noninterest-Bearing
 Liabilities                        27,678
                               ------------
Total Liabilities                3,226,003
Stockholders' Equity               394,821
                               ------------
Total Liabilities and
 Stockholders' Equity          $ 3,620,824
                               ============
Net Interest-Earning Assets    $   194,172
                               ============
Net Interest Income/Interest
 Rate Spread                                $   113,022          3.29%
                                            ==========================
Net Interest Margin                                              3.40%
                                                         =============

(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.


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

                                              Twelve Months Ended
                                          ----------------------------
                                          Dec. 31, 2005  Dec. 31, 2004
----------------------------------------------------------------------
           Operational Ratios
Earnings per Share - Basic                $        1.35  $       1.29
Earnings per Share - Diluted                       1.29          1.21
Return on Average Assets                           1.42%         1.55%
Return on Average Tangible Assets                  1.54          1.65
Return on Average Stockholders' Equity            11.09         14.25
Return on Average Tangible Stockholders'
 Equity                                           26.61         31.14

Common Shares Outstanding at End of
 Period                                      56,487,280    54,519,579
Weighted Average Shares Outstanding --
 Basic                                       55,209,991    43,749,774
Weighted Average Shares Outstanding --
 Diluted                                     57,491,258    46,351,889
Shares Repurchased During the Period          1,036,400       831,700

Efficiency Ratio                                  38.58         28.09
G&A to Average Assets                              1.31          0.99
Effective Tax Rate                                36.02         37.80

Core Loan Fundings                        $   2,449,284  $  1,689,702
Total Loan Fundings                           2,558,472     1,850,029
Multifamily Fundings as a % of Total
 Fundings                                            50%           62%
Adjustable Rate Core Loan Fundings        $   2,375,940  $  1,670,805
12MAT Core Loan Fundings                      1,339,048     1,084,701
Fixed Rate Core Loan Fundings                    73,344        18,897
Loans Sold                                      748,288       182,109
Net Charge-Offs (Recoveries)                         21  $         (8)


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

                                        Three Months Ended
                            ------------------------------------------
                            Dec. 31, 2005 Sept. 30, 2005 June 30, 2005
----------------------------------------------------------------------
    Operational Ratios
Earnings per Share - Basic   $      0.27   $       0.30   $      0.35
Earnings per Share -
 Diluted                            0.26           0.29          0.34
Return on Average Assets            1.15%          1.30%         1.47%
Return on Average Tangible
 Assets                             1.24           1.41          1.59
Return on Average
 Stockholders' Equity               8.69           9.89         11.62
Return on Average Tangible
 Stockholders' Equity              20.59          23.93         28.11

Common Shares Outstanding
 at End of Period             56,487,280     55,640,363    55,388,061
Weighted Average Shares
 Outstanding -- Basic         55,578,219     55,244,376    55,186,788
Weighted Average Shares
 Outstanding -- Diluted       57,590,506     57,565,159    57,522,870
Shares Repurchased During
 the Period                            -         72,000       260,000

Efficiency Ratio                   47.23%         43.47%        33.32%
G&A to Average Assets               1.56           1.53          1.16
Effective Tax Rate                 33.69          34.42         36.42

Core Loan Fundings           $   684,656   $    570,196   $   599,303
Total Loan Fundings              716,039        609,894       624,715
Multifamily Fundings as a %
 of Total Fundings                    47%            49%           51%
Adjustable Rate Core Loan
 Fundings                    $   647,593   $    557,175   $   578,354
12MAT Core Loan Fundings         372,322        349,711       304,268
Fixed Rate Core Loan
 Fundings                         37,063         13,021        20,949
Loans Sold                        45,794        160,507       386,144

    Balance Sheet Ratios & Data
Tangible Assets                5,061,134      4,836,165     4,780,345
Tangible Equity                  295,702        281,232       268,801

Equity to Assets at End of
 Period                            12.78%         13.00%        12.90%
Tangible Equity to Assets
 at End of Period                   5.41           5.37          5.19
Tangible Equity to Tangible
 Assets at End of Period            5.84           5.82          5.62

Nonperforming Assets         $     8,581   $      8,935   $    12,098
Nonperforming Assets to
 Total Assets                       0.16%          0.17%         0.23%
Allowance for Loan Losses
 to Loans Held for
 Investment at End of
 Period                             0.66           0.73          0.76
Allowance for Loan Losses
 to Nonaccrual Loans                 335            321           237
Net Charge-Offs
 (Recoveries)                $        18   $          8   $        12

Per Share Data
Book value Per Share               12.36          12.23         12.07
Tangible Book Value per
 Share                              5.23           5.05          4.85


                                 Three Months Ended
---------------------------------------------------------
                            Mar. 31, 2005  Dec. 31, 2004
---------------------------------------------------------
    Operational Ratios
Earnings per Share - Basic   $      0.42   $        0.37
Earnings per Share -
 Diluted                            0.40            0.36
Return on Average Assets            1.78%           1.61%
Return on Average Tangible
 Assets                             1.92            1.73
Return on Average
 Stockholders' Equity              14.41           13.06
Return on Average Tangible
 Stockholders' Equity              34.49           31.55

Common Shares Outstanding
 at End of Period             55,416,348      54,519,579
Weighted Average Shares
 Outstanding -- Basic         54,821,891      54,399,694
Weighted Average Shares
 Outstanding -- Diluted       57,277,806      56,947,525
Shares Repurchased During
 the Period                      704,400         174,300

Efficiency Ratio                   30.07%          28.13%
G&A to Average Assets               0.98            1.01
Effective Tax Rate                 38.23           37.26

Core Loan Fundings           $   595,129   $     495,730
Total Loan Fundings              607,824         540,783
Multifamily Fundings as a %
 of Total Fundings                    56%             59%
Adjustable Rate Core Loan
 Fundings                    $   592,818   $     487,234
12MAT Core Loan Fundings         312,747         281,089
Fixed Rate Core Loan
 Fundings                          2,311           8,496
Loans Sold                       155,843         166,257

    Balance Sheet Ratios & Data
Tangible Assets                4,949,880       4,660,655
Tangible Equity                  269,313         261,947

Equity to Assets at End of
 Period                            12.24%          12.44%
Tangible Equity to Assets
 at End of Period                   5.05            5.21
Tangible Equity to Tangible
 Assets at End of Period            5.44            5.62

Nonperforming Assets         $     6,475   $       6,601
Nonperforming Assets to
 Total Assets                       0.12%           0.13%
Allowance for Loan Losses
 to Loans Held for
 Investment at End of
 Period                             0.80            0.93
Allowance for Loan Losses
 to Nonaccrual Loans                 444             558
Net Charge-Offs
 (Recoveries)                $       (17)  $          11

Per Share Data
Book value Per Share               11.78           11.47
Tangible Book Value per
 Share                              4.86            4.80


                   COMMERCIAL CAPITAL BANCORP, INC.
                     Loans Funded by Product Type
                        (Dollars in Thousands)

                                    Three Months Ended
                     -------------------------------------------------
                     Dec. 31,  Sept. 30, June 30,  Mar. 31,  Dec. 31,
                        2005      2005      2005      2005      2004
                     -------------------------------------------------
Real Estate
 Originations
Multifamily          $253,989  $297,477  $290,604  $338,313  $320,383
Commercial Real
 Estate                80,664    54,277    38,371    45,435    18,706
                     -------------------------------------------------
  Total Income
   Property           334,653   351,754   328,975   383,748   339,089
Single Family
 Residential           81,884    96,644   122,669   146,539   110,065
Construction & Land   150,669   103,347    43,270    47,908    44,226
                     -------------------------------------------------
Total Real Estate
 Loan Originations    567,206   551,745   494,914   578,195   493,380
                     -------------------------------------------------

Real Estate Loans
 Purchased
Multifamily            80,201     1,136    28,965         -         -
Commercial Real
 Estate                23,592         -    71,124         -         -
                     -------------------------------------------------
  Total Income
   Property           103,793     1,136   100,089         -         -
Construction & Land    10,482     8,815         -    10,685         -
                     -------------------------------------------------
  Total Real Estate
   Loans Purchased    114,275     9,951   100,089    10,685         -
                     -------------------------------------------------

Total Real Estate
 Fundings             681,481   561,696   595,003   588,880   493,380

                     -------------------------------------------------
Bank Business and
 Other Originations     3,175     8,500     4,300     6,249     2,350
                     -------------------------------------------------
Total Core Loan
 Fundings             684,656   570,196   599,303   595,129   495,730

   Broker/Conduit
    Originations       31,383    39,698    25,412    12,695    45,053
                     -------------------------------------------------
Total Loan Fundings  $716,039  $609,894  $624,715  $607,824  $540,783
                     =================================================


                   COMMERCIAL CAPITAL BANCORP, INC.
                    LOAN FUNDINGS by INTEREST TYPE
                   Three Months Ended December 2005
                        (Dollars in Thousands)

                             Fixed      12mat       CMT       LIBOR
                           -------------------------------------------
Real Estate Originations
Multifamily                  $10,285   $198,548         $-    $13,758
Commercial Real Estate        11,741     21,898     43,210      3,815
                           -------------------------------------------
  Total Income Property       22,026    220,446     43,210     17,573
Single Family Residential        430     75,927      4,479          -
Construction & Land            7,000      1,740          -      3,500
                           -------------------------------------------
  Total Real Estate Loan
   Originations               29,456    298,113     47,689     21,073


Real Estate Loans
 Purchased
Multifamily                        -     74,209          -      3,823
Commercial Real Estate             -          -          -          -
                           -------------------------------------------
  Total Income Property            -     74,209          -      3,823
Construction & Land            7,607          -          -          -
                           -------------------------------------------
  Total Real Estate Loans
   Purchased                   7,607     74,209          -      3,823

                           -------------------------------------------
Total Real Estate Fundings    37,063    372,322     47,689     24,896

Bank Business and Other
 Originations                      -          -          -          -
                           -------------------------------------------
Total Core Loan Fundings     $37,063   $372,322    $47,689    $24,896

   Broker/Conduit
    Originations
Total  Loan Fundings

                              COFI      Prime      Other      Total
                           -------------------------------------------
Real Estate Originations
Multifamily                $  30,398  $   1,000  $       -  $ 253,989
Commercial Real Estate             -          -          -     80,664
                           -------------------------------------------
  Total Income Property       30,398      1,000          -    334,653
Single Family Residential          -      1,048          -     81,884
Construction & Land                -    138,429          -    150,669
                           -------------------------------------------
  Total Real Estate Loan
   Originations               30,398    140,477          -    567,206


Real Estate Loans
 Purchased                                                          -
Multifamily                        -      2,169          -     80,201
Commercial Real Estate             -     23,592          -     23,592
                           -------------------------------------------
  Total Income Property            -     25,761          -    103,793
Construction & Land                -      2,875          -     10,482
                           -------------------------------------------
  Total Real Estate Loans
   Purchased                       -     28,636          -    114,275

                           -------------------------------------------
Total Real Estate Fundings    30,398    169,113          -    681,481

Bank Business and Other
 Originations                      -          -      3,175      3,175
                           -------------------------------------------
Total Core Loan Fundings   $  30,398  $ 169,113  $   3,175  $ 684,656

   Broker/Conduit
    Originations                                               31,383
                                                            ----------
Total  Loan Fundings                                        $ 716,039
                                                            ==========

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:

                        Q4 2005 As Reported            Excluding
                                                    Premium/Discount
                                                          Effect
                 -------------------------------- --------------------
                   Average   Interest    Avg.      Average    Interest
                    Balance            Yield/Cost   Balance
                 -------------------------------- --------------------

Total Interest-
 Earning Assets  $4,663,765  $69,088        5.93% $   3,001  $   (572)

Total Interest-
 Bearing
 Liabilities      4,374,130   31,685        2.87%    (2,875)      309

                             --------                       ---------
Net Interest
 Income/Interest
 Rate Spread                 $37,403        3.06%           $   (881)
Net Interest
 Margin                                     3.21%

                         Q4 2005 Adjusted
                 --------------------------------
                   Average   Interest    Avg.
                    Balance            Yield/Cost
                 --------------------------------

Total Interest-
 Earning Assets  $4,666,766  $68,516        5.87%

Total Interest-
 Bearing
 Liabilities     $4,371,255   31,994        2.90%

                             --------
Net Interest
 Income/Interest
 Rate Spread                 $36,522        2.97%
Net Interest
 Margin                                     3.13%


                        Q4 2004 As Reported            Excluding
                                                    Premium/Discount
                                                          Effect
                 -------------------------------- --------------------
                  Average    Interest    Avg.      Average    Interest
                   Balance             Yield/Cost   Balance
                 -------------------------------- --------------------

Total Interest-
 Earning Assets  $4,554,868  $60,393        5.30% $  11,643  $ (2,400)

Total Interest-
 Bearing
 Liabilities      4,267,578   21,925        2.04%    (4,893)      962

                             --------                       ---------
Net Interest
 Income/Interest
 Rate Spread                 $38,468        3.26%           $ (3,362)
Net Interest
 Margin                                     3.38%

                         Q4 2004 Adjusted
                 --------------------------------
                   Average   Interest    Avg.
                    Balance            Yield/Cost
                 --------------------------------

Total Interest-
 Earning Assets   4,566,511  $57,993        5.08%

Total Interest-
 Bearing
 Liabilities      4,262,685   22,887        2.14%

                             --------
Net Interest
 Income/Interest
 Rate Spread                 $35,106        2.94%
Net Interest
 Margin                                     3.08%

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.
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, start-up and litigation costs related to the Division 
will provide a more meaningful presentation of the Company's fourth 
quarter results of operations.

                                             Three Months Ended
Net Income                                     Dec. 31, 2005
                                              ----------------
Net Income - as Reported                              $15,101
Adjustments Related to the Commercial Banking
 Division:
Add: Reversal of Compensation Expenses                  1,015
Add: Reversal of Professional Expenses                  1,188
Add: Reversal of Other Operating Expenses                  71
Less: Tax Effect (42%)                                   (955)
                                              ----------------
Net Income - Non-GAAP                                 $16,420
                                              ================


                                            Three Months Ended
Total General and Administrative Expense       Dec. 31, 2005
                                              ----------------
Total General and Administrative Expense - as
 Reported                                             $20,532
Adjustments Related to the Commercial Banking
 Division:
Less: Compensation Expenses                            (1,015)
Less: Professional Expenses                            (1,188)
Less: Other operating Expenses                            (71)
                                              ----------------
 Total General and Administrative Expense -
  Non-GAAP                                            $18,258
                                              ================

Selected Financial Highlights:
                                      Three Months     Three Months
                                         Ended            Ended
                                      Dec. 31, 2005    Dec. 31, 2005
                                     ---------------- ----------------
                                         Non-GAAP           GAAP
                                     ---------------- ----------------
Basic EPS                                      $0.30            $0.27
Diluted EPS                                     0.29             0.26
Return on Average Assets(1)                     1.25%            1.15%
Return on Tangible Assets(1)                    1.35             1.24
Return on Average Equity(1)                     9.45             8.69
Return on Average Tangible Equity(1)           22.39            20.59
Efficiency Ratio                               42.00            47.23
G&A to Average Assets(1)                        1.39             1.56

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


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

                                         Dec. 31, 2005  Dec. 31, 2004
----------------------------------------------------------------------
                 ASSETS
  Cash and Cash Equivalents              $      32,843  $      16,609
  Securities Available for Sale                382,642        489,371
  FHLB Stock                                    84,788         96,046
  Loans Held For Investment
       Single Family                           394,678        841,818
       Multifamily                           3,050,139      2,396,788
       Commercial Real Estate                  601,665        420,015
       Construction                            202,237        225,058
       Land                                     74,948         56,308
                                         -----------------------------
         Total Real Estate Loans             4,323,667      3,939,987
       Business & Other Loans                   12,283         16,360
                                         -----------------------------
         Total Loans Held for Investment     4,335,950      3,956,347
       Net Deferred Fees, Premiums and
        Discounts                                4,779         (3,326)
       Allowance for Loan Losses               (28,705)       (36,835)
                                         -----------------------------
         Total Loans Held for Investment,
          Net                                4,312,024      3,916,186
   Loans Held For Sale                          22,999              -
                                         -----------------------------
         Total Loans                         4,335,023      3,916,186
   Other Assets                                562,060        489,183
----------------------------------------------------------------------
  TOTAL ASSETS                           $   5,397,356  $   5,007,395
======================================================================
LIABILITIES AND STOCKHOLDER'S EQUITY
  Deposits
     Demand Deposits - Noninterest-
      Bearing                            $     178,139  $     101,119
     Demand Deposits - Interest-Bearing         71,386         78,003
     Money Market Checking                     749,689        478,505
     Money Market Savings                      553,561        245,306
     Savings                                   147,401        336,474
                                         -----------------------------
        Total Transaction Deposits           1,700,176      1,239,407
        Total Time Deposits                  1,179,346      1,025,723
                                         -----------------------------
           Total Deposits                    2,879,522      2,265,130
  Borrowings                                 1,669,806      1,957,349
  Other Liabilities                             54,239         55,530
----------------------------------------------------------------------
  TOTAL LIABILITIES                          4,603,567      4,278,009
   STOCKHOLDER'S EQUITY                        793,789        729,386
----------------------------------------------------------------------
   TOTAL LIABILITIES AND STOCKHOLDER'S
    EQUITY                               $   5,397,356  $   5,007,395
======================================================================
*T