Solera National Bancorp, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
January 27, 2021 at 09:00 am EST
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Solera National Bancorp, Inc. announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced net interest income was USD 4.043 million compared to USD 2.517 million a year ago. Net income was USD 1.848 million compared to USD 872,000 a year ago. Basic earnings per share from continuing operations was USD 0.43 compared to USD 0.21 a year ago. For the full year, net interest income was USD 13.169 million compared to USD 9.282 million a year ago. Net income was USD 5.934 million compared to USD 3.562 million a year ago. Basic earnings per share from continuing operations was USD 1.42 compared to USD 0.87 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. 
