Solera National Bancorp, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
July 23, 2020 at 09:00 am EDT
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Solera National Bancorp, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced net interest income was USD 3.054 million compared to USD 2.256 million a year ago. Net income was USD 1.246 million compared to USD 901,000 a year ago. Basic earnings per share was USD 0.3 compared to USD 0.22 a year ago. For the half year, net interest income was USD 5.748 million compared to USD 4.387 million a year ago. Net income was USD 1.969 million compared to USD 1.738 million a year ago. Basic earnings per share was USD 0.48 compared to USD 0.43 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. 
