At Irwin Financial, our strategy is to position the Corporation as an interrelated group of specialized financial services companies serving niche markets of small businesses and consumers while optimizing the productivity of our capital.
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Commercial
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Consumer
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| Our Lines of Business |
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Commerical Banking
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Commercial Finance
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Home Equity Lending
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Provides credit, cash management and personal banking products to small businesses and business owners in Midwest and Western states.
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Provides franchisee equipment, leashold improvement, and professional practice financing in the United States and small-ticket lease financing in the United State and Canada.
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Originates and services first and second mortgages nationwide.
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| Strategy |
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Provides personalized banking services to small businesses and their owners, using personal relationships and non-conventional means of creating convenience to add value.
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Provides service-oriented financing alternatives to small businesses generally and to franchisees, utilizing direct and indirect sales forces to distribute our products.
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Offers mortgage loans with combined loan-to-value (CLTV) ratios up to 95% of their collateral value to prime-quality borrowers.
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| Our Niche Focus |
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Focuses on serving small businesses and their owners.
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Focuses on serving small businesses, professional practices, franchises, vendors and manufacturers.
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We seek to serve creditworthy homeowners who are active credit users with debt consolidation products.
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Commercial Banking |
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2007
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2006
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% Change
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Net Income |
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$16 MM
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$31 MM
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-49%
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Loan Portfolio |
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$2.9 B
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$2.9 B
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2%
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Core Deposits |
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$2.2 B
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$2.4 B
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-7%
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Charge-off Rate |
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0.35% |
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0.13%
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169%
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ALLL* to Total Loans and Leases |
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1.19%
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0.93%
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28%
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* Allowance for Loan and Lease Losses
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Commercial Finance |
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2007
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2006
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% Change
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Net Income |
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$14 MM
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$13 MM
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8%
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Loan and Lease Portfolio |
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$1.3 B
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$1.1 B
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22%
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Charge-off Rate |
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0.74%
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0.28%
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164%
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ALLL* to Total Loans and Leases |
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1.38%
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1.28%
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8%
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* Allowance for Loan and Lease Losses
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Home Equity Lending |
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2007
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2006
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% Change
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Net Income |
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$(47) MM
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$2 MM
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NM
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Loan Originations |
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$0.5 B
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$1 B
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-55%
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Managed Portfolio |
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$1.6 B
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$1.7 B
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-6%
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Charge-off Rate |
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3.24%
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1.00%
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224%
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ALLL* to Total Loans and Leases |
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6.29%
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2.63%
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139%
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* Allowance for Loan and Lease Losses
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| Consolidated Graphs |
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Consolidated
Net Income and ROE*
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Consolidated
Loans and Leases
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Consolidated
Net Interest Income*
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Click table to enlarge
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Click table to enlarge
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Click table to enlarge
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