Solera National Bancorp, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2018
January 24, 2019 at 09:00 am EST
Share
Solera National Bancorp, Inc. announced earnings results for the fourth quarter ended December 31, 2018. For the fourth quarter, the company announced net interest income was USD 2.004 million compared to USD 1.353 million a year ago. Net income was USD 741,000 compared to net loss of USD 279,000 a year ago. Basic earnings per share was USD 0.18 compared to basic loss per share of USD 0.1 a year ago. For the full year, net interest income was USD 7.026 million compared to USD 4.845 million a year ago. Net income was USD 2.233 million compared to USD 509,000 a year ago. Basic earnings per share was USD 0.63 compared to USD 0.19 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. 
