With this milestone, we have examined our strategic mission and the core strategies of our business foundation, with an eye to refining them and setting our goals higher, while remaining focused on the execution of our hybrid thrift/mortgage banking business model.

Our original three core strategies were: 1) leverage our mortgage banking platform to gain share through geographic expansion and niche product development; 2) balance earnings and enhance franchise value with a hybrid business model and the establishment of a Southern California retail banking franchise; and 3) support these strategies by investing in a strong team, while fostering a culture of meritocracy that pays for performance.

Strong execution of these strategies brought us a great deal of success and we believe we are on track to meet or exceed our original mission. Continuing to focus on our strategic direction, we have refined our previous strategic mission to provide for an increased emphasis on the growth of our consumer franchise and strengthening our customer relationships. We believe this will result in increased opportunities to cross-sell additional banking products and services, leading to improved loyalty to the Indymac brand and the expansion of our customer base. We have also extended our longer term goals out to 2010, setting our sights on being a Top 6 mortgage lender, while maintaining annualized earnings per share growth in excess of 15 percent.