IndyMac Bank | 2001 Annual Report download PDF site map back to Shareholder Relations
Corporate Information Letter to Shareholders Financial Statements Our Business Risk Management
A Strong Year for IndyMac Key Financial Goals Business Fundmentals Solid Internal Controls Execution Remains Key In Closing
We are in a growing business; yet our business is cyclical. We believe we are positioned to perform well relative to the overall mortgage industry.
Our key financial goals for 2002 are as follows:
  • Achieve 15% growth in mortgage production. Our mortgage loan production grew 78% last year, following 48% growth during 2000, a year during which the overall industry production declined 20%. We believe if we execute well on our growth strategies and metrics in 2002, we can again achieve mortgage loan growth during an overall industry decline.
  • Achieve 15% to 20% growth in earnings per share.
  • Optimize our financing sources (deposits, FHLB advances, committed repurchase lines of credit and syndicated bank facility) to increase our net interest margin.
  • Continue effective management of our interest rate and credit risk. We expect to see improved returns from loan servicing as loan prepayments are expected to slow to more normal levels.
  • Be effective stewards of our shareholders’ capital. We began 2002 with excess capital of approximately $250 million, and we expect to create additional new capital throughout the year with retained earnings. This excess capital provides us with the financial flexibility to grow our core mortgage banking operations, expand our investment portfolio and/or strategically repurchase our shares as opportunities arise.


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