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Proxy



Nasdaq , ITLA

ITLA Capital Corp. is a financial services company that conducts and manages its business through a wholly owned subsidiary, Imperial Capital Bank. Imperial Capital has six retail branches in California (Beverly Hills, Costa Mesa, Encino, Glendale, San Diego and San Francisco) and one branch in Carson City, Nev. Imperial Capital Bank has 26 loan production offices serving the western United States, the Southeast region, the Mid-Atlantic region, the Ohio Valley, the metro New York area and New England. ITLA Capital is engaged in originating and purchasing real estate loans secured by income producing properties for retention in its loan portfolio; originating film finance loans and franchise loans, and accepting customer deposits through the products, such as certificates of deposit, money market, passbook and demand deposit accounts.


Value

Total number of shares outstanding as of Oct. 14 5,800,000

Price of each share of common stock on Oct. 14 $49.43

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Aggregate market value as of Oct. 14 $286,694,000


Performance Record

For year ended Dec. 31, in thousands, except per-share data.

2004 2003 2002

Total revenues $124,954 $115,977 $110,608

Net income (loss) $30,625 $29,634 $20,005

Net income (loss) per share $4.75 $4.55 $3.16

Total assets $2,318,071 $1,818,215 $1,721,965


Directors

George Haligowski, 50, chairman since 1992.

Norval Bruce, 63, vice chairman since 1999.

Timothy Doyle, 48, senior managing director since 2000.

Don Nickbarg, 52, senior managing director since 2002.

Maria Kunac, 52, senior managing director since 2004.


Executive Compensation

Officer 2004 Cash Compensation

George Haligowski, chief executive officer $1,678,500

Norval Bruce, chief credit officer $396,519

Timothy Doyle, chief financial officer $456,504

Don Nickbarg, chief banking officer $286,278

Maria Kunac, chief lending officer $117,000

Scott Wallace, finance and treasurer $231,000


Significant Stock Ownership

Number of shares Percent

Jan. 31

Franklin Mutual Advisors, LLC 445,796 7.72

Dimensional Fund Advisors 421,300 7.3

Wellington Management Co., LLP 414,230 7.18

Eubel Brady & Suttman Asset Management Inc. 398,238 6.9

Thomson Horstmann & Bryant, Inc. 371,505 6.44

Barclays Global Investors 367,763 6.37

Friedman, Billings, Ramsey Group, Inc. 351,319 6.09

Granite Capital, L.P. 318,100 5.51

George W. Haligowski 298,376 5.07

Directors and officers as a group (11 people) 545,915 9.04


Other Information

Headquarters: 888 Prospect St., Suite 110, La Jolla, CA 92037; (858) 551-0511; fax (858) 551-4334.

Web site: www.itlacapital.com.

Auditors: Ernst & Young LLP.

Employees: 250.

Industry: Savings and loan.

Information was compiled from the company’s annual and proxy reports.

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