Solera National Bancorp, Inc. reported unaudited consolidated financial results for the fourth quarter and year ended December 31, 2015. For the quarter, the company reported net income of $319,000 compared to $401,000 in the fourth quarter of 2014. Earnings per common share were $0.12 for the fourth quarter of 2015, compared to $0.15 for the prior year quarter. Net interest income after provision for loan and lease losses was $1.05 million, compared to $1.07 million for the quarter ended December 31, 2014. Total interest income was $1.357 million against $1.383 million a year ago. Net interest income was $1.052 million against $1.096 million a year ago. Return on average assets was 0.89% against 1.10% a year ago. Return on average equity was 6.43% against 8.83% a year ago.

For the year, the company's net income was $1.78 million or $0.65 per share compared to a net loss of $433,000 or $0.16 per share for the twelve months ended December 31, 2014. Net interest income after provision for loan and lease losses was $4.26 million compared to $4.42 million for the twelve months of 2014. Total interest income was $5.342 million against $6.050 million a year ago. Net interest income was $4.207 million against $4.841 million a year ago. Return on average assets was 1.25% against negative return on average assets of 0.28% a year ago. Return on average equity was 9.12% against negative return on average equity of 2.40% a year ago. Tangible book value per share, including accumulated other comprehensive income, was $7.18 at December 31, 2015, compared to $6.67 at December 31, 2014.