IndyMac Bank | 2001 Annual Report download PDF site map back to Shareholder Relations
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Year in review
As a mortgage banker in 2001's environment, we had really had the wind at our backs.
  • 2001 was our first full year as a depository institution
  • Our Company posted record earnings (recurring basis(1))
  • We achieved a record EPS (earnings per share) for our shareholders (recurring basis(1))
  • It was a year of record loan production as well
  • Our consumer Website maintained its Number 1 “Gomez rating” during all of 2001
  • IndyMac received the “Most Innovative Use of Technology in Lending” Award from Inman News Services, for its B2B Website
  • We effectively managed interest rate risk in a very volatile interest rate environment
  • Our non-performing assets ratio improved to 1.55% from 1.98%
  • Deposits grew four-fold from $798 million to $3.2 billion
  • We demonstrated solid execution in diversifying our financing structure
  • We issued $175 million units of trust-preferred securities and common stock warrants to generate capital to continue to grow core operations and facilitate opportunistic asset growth in the investment portfolio
(1) 2001 net recurring earnings and EPS primarily exclude a cumulative change in accounting principle of $10.2 million or $0.16 per share. 2000 net recurring earnings and EPS exclude the non-recurring net gain of $25.5 million or $0.37 per share primarily related to a one-time tax benefit associated with the Company’s transition from a real estate investment trust to a depository institution holding company.