Solera National Bancorp, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2011
January 30, 2012 at 07:01 pm
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Solera National Bancorp, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2011. For the quarter, the company reported net income of $0.166 million or $0.07 per share compared with a net income of $0.416 million or $0.16 per share a year ago. Total interest income was $1.310 million compared to $1.586 million a year ago. Net interest income was $0.945 million compared to $1.093 million a year ago.
For the year, the company reported net income of $0.242 million or $0.09 per share, compared to a net income of $0.134 million or $0.05 per share for 2010. Total interest income was $5.749 million compared to $6.391 million a year ago. Net interest income was $4.152 million compared to $4.208 million a year ago. Tangible book value per share was $7.26 up against $7.10 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. 
