2005 ANNUAL REPORT

IndyMacBank™
2005 Highlights
Letter to Shareholders
Our Business
Financial Statements
Corporate Overview

Corporate Profile

IndyMac Bancorp, Inc. (NYSE: NDE) (Indymac®) is the holding company for IndyMac Bank F.S.B. (Indymac Bank®), the largest savings and loan in Los Angeles County, and the ninth largest mortgage originator in the nation. Indymac Bank, operating as a hybrid thrift/mortgage banker, provides cost-efficient financing for the acquisition, development, and improvement of single-family homes. Indymac also provides financing secured by single-family homes and other banking products to facilitate consumers’ personal financial goals.

With this exclusive and disciplined focus on home financing, Indymac expects to out-execute its peers and become the preeminent provider of such products in the USA. Indymac’s total annualized return to shareholders of 23 percent for the period 1993 through 2005, under its current management team, has exceeded the comparable returns of 12 percent and 10 percent for the Dow Jones Industrial Average and S&P 500, respectively, for the same period.

 

Directors

IndyMac Bancorp &
IndyMac Bank

Michael W. Perry*
Chairman &
Chief Executive Officer

Hugh M. Grant
Presiding Director
Retired Vice Chairman
Ernst & Young, LLP

Louis E. Caldera
President & Professor of Law
University of New Mexico

Lyle E. Gramley*
Senior Economic Adviser
Stanford Washington
Research Group

Patrick C. Haden
General Partner
Riordan, Lewis & Haden
Equity Investments

Terrance G. Hodel
Former President &
Chief Operating Officer
North American Mortgage Company

Robert L. Hunt II
Former President &
Chief Operating Officer
Coast Savings Financial, Inc.

Senator John Seymour (ret.)
Former Chief Executive Officer
Southern California Housing Development Corporation

James R. Ukropina
Chief Executive Officer
Directions, LLC

Bruce G. Willison
Dean Emeritus &
Professor of Management
University of California at Los Angeles, Anderson
School of Management

IndyMac Bank

Stuart A. Gabriel
Director & Lusk Chair
in Real Estate at the
University of Southern
California Lusk Center
for Real Estate

Lydia H. Kennard
Executive Director
Los Angeles World Airports

Richard H. Wohl*
President
Indymac Bank

Directors Emeritus

Thomas J. Kearns

Frederick J. Napolitano

Executive Committee

Michael W. Perry*
Chairman &
Chief Executive Officer

Richard H. Wohl*
President
Indymac Bank

Scott Keys
Executive Vice President
Chief Financial Officer

S. Blair Abernathy*
Executive Vice President
Chief Investment Officer

Ashwin Adarkar
Executive Vice President
Incubator and Mergers & Acquisitions

James M. Banks
Executive Vice President
Conduit Division

Gary D. Clark*
Chief Executive Officer
Home Equity Division

Anthony L. Ebers
Executive Vice President
Chief Executive Officer
Indymac Consumer Bank

James A. Fraser
Executive Vice President
Chief Executive Officer
Consumer Construction Lending

Gulshan Garg*
Executive Vice President
Chief Technology Officer, MBPAT

Kenneth R. Horner
Executive Vice President
Chief Administrative Officer

Terrence O. Hughes
Executive Vice President
General Counsel

Patrick A. Hymel*
Executive Vice President
Retained Assets

R. Patterson Jackson III
Executive Vice President
Chief Executive Officer
Specialty Products

James R. Mahoney
Executive Vice President
Chief Executive Officer
Financial Freedom

Raymond D. Matsumoto*
Executive Vice President
Enterprise Process & Technology

Ruthann K. Melbourne
Executive Vice President
Chief Risk Officer

Michelle Minier*
Executive Vice President
Centralized Mortgage Operations

Francisco Nebot
Executive Vice President
Corporate Finance

Grosvenor G. Nichols
Executive Vice President
Director, Corporate
Communications & Culture

John D. Olinski
Executive Vice President
Secondary Marketing &
Retained Assets

Frank M. Sillman
Executive Vice President
Chief Executive Officer
Indymac Mortgage Bank

Scott W. Van Dellen
Executive Vice President
Chief Executive Officer
Homebuilder Division

Charles A. Williams
Executive Vice President
Chief Audit Executive

 

*Asterisk denotes managers and directors who have more than 10 years of service with Indymac.