Solera National Bancorp, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2020
May 07, 2020 at 10:00 am EDT
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Solera National Bancorp, Inc. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced net interest income was USD 2.694 million compared to USD 2.131 million a year ago. Net income was USD 723,000 compared to USD 837,000 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.