Solera National Bancorp, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2012
January 28, 2013 at 09:00 am EST
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Solera National Bancorp, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2012. For the quarter, total interest income was $1.314 million against $1.310 million a year ago. Net interest income was $1.003 million against $0.945 million a year ago. Net income was $0.113 million or $0.04 per share against $0.166 million or $0.07 per share a year ago.
For the year, total interest income was $5.335 million against $5.749 million a year ago. Net interest income was $4.059 million against $4.152 million a year ago. Net income was $0.281 million or $0.11 per share against $0.242 million or $0.09 per share a year ago. As on December 31, 2012, tangible book value per share was $7.39 against $7.26 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. 
