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
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.
