ITLA Capital Corp. (ITLA)

ITLA Capital Corporation operates as the holding company for Imperial Capital Bank, which provides commercial banking services. The bank offers various deposit products, including certificates of deposits, money market, passbook, and demand deposit accounts. Imperial Capital Bank’s lending activities consist of the origination and purchase of real estate loans, including construction loans, secured by income producing properties; origination of entertainment finance loans; and origination and purchase of real estate loans secured primarily by first trust deeds on income producing properties. As of December, 31, 2005, the bank operated 6 retail branches located in California; 1 branch located in Carson City, Nevada; and 27 loan production offices serving the western United States, the southeast region, the MidAtlantic region, the Ohio Valley, the Metro New York area, and New England. The company was founded in 1973 and is headquartered in San Diego, California.

For the nine months ended 30 September 2006, ITLA Capital Corporation's total interest income rose 31% to $166.3M. Net interest income after LLP rose 5% to $67.4M. Net income rose 12% to $19.9M. Net interest income reflects an increase in income on loans and investment securities, partially offset by higher interest expense on deposits. Net income reflects a decrease in compensation & benefits expense and an increase in late and collection fees.