At Irwin Financial, our strategy is to position the Corporation as an interrelated group of specialized financial services companies serving niche markets of consumers and small businesses 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 commercial banking services to small businesses in select metropolitan markets in Midwest and Western states. Founded in 1871.
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Provides loan and equipment lease financing to small businesses throughout the United States and Canada.
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Originates and services high loan-to-value first and second mortgages nationwide.
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| Strategy |
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Provides customers with highly personalized, flexible services through experienced local management and staff.
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Specializes in high quality service to selected vendors of equipment and franchises of quick service restaurants based on expertise in their equipment type or business model.
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Leverages expertise in credit underwriting and servicing to serve the financial needs of homeowners.
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| Our Niche Focus |
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Focuses on serving the commercial and private banking needs of small businesses and their owners.
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Targets under-served niches with a full range of equipment leasing, franchise, and professional practice financing solutions.
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Originates, purchases, sells, and services prime and near-prime quality high loan-to-value first and second mortgages, including home equity lines of credit and fixed rate home equity loans principally through broker and correspondent partnerships.
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| 2006 Highlights |
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Record net income $30.9 million, a 13% increase over 2005 |
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Loan portfolio at $2.9 billion, an 8% increase over 2005 |
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Core deposits of $2.4 billion, a 4% decline year-over-year |
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2006 charge-off rate of 0.13%, up slightly from 0.12% in 2005 |
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Record net income of $12.6 million, a 70% increase over 2005 |
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Lease and loan portfolio totaled $1.1 billion at year end, a 29% increase |
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2006 charge-off rate of 0.40%, down from 0.69% in 2005 |
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Net income of $1.5 million, compared to $2.3 million in 2005 |
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Loan originations of $1.0 billion, down 41% from 2005 |
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Managed portfolio increased by 7% to $1.7 billion at year end |
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2006 charge-off rate of 1.00%, up from 0.60% in 2005 |
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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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 * Continuing Operations
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 * Continuing Operations
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