Solera National Bancorp, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2019
January 24, 2020 at 12:21 pm EST
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Solera National Bancorp, Inc. announced earnings results for the fourth quarter ended December 31, 2019. For the fourth quarter, the company announced net interest income was USD 2.517 million compared to USD 2.004 million a year ago. Net income was USD 872,000 compared to USD 741,000 a year ago. Basic earnings per share was USD 0.21 compared to USD 0.18 a year ago. For the full year, net interest income was USD 9.282 million compared to USD 7.026 million a year ago. Net income was USD 3.562 million compared to USD 2.233 million a year ago. Basic earnings per share was USD 0.87 compared to USD 0.63 a year ago.
Solera National Bancorp, Inc. is the holding company for Solera National Bank (Bank). The Bank is a business-focused bank located in the Denver metropolitan area. The Bank serves the needs of emerging businesses and real estate investors. The Bank offers a range of commercial and consumer banking services. The Bank aggregates loans into five portfolio segments: commercial real estate, residential real estate, commercial and industrial, construction and land development, and consumer. The Bank's personal banking services include checking accounts, savings accounts, certificates of deposits (CDs), other products and services, certificate of deposit account registry service (CDARS) and others. The Bank's business banking services include checking accounts, savings accounts, business loans, CDs, remote deposit, CDARS, telephone banking, loans, treasury management and additional business services.
SOLERA NATIONAL BANCORP, INC. 
