Solera National Bancorp Announces Third Quarter 2025 Financial Results

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Solera National Bancorp Announces Third Quarter 2025 Financial Results

ECONOMY 29.10.2025

Net income of $6.5 million ($1.52 per share), a NEW RECORD!

Q3 2025 pre-tax and pre-provision income of $8.5 million.

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LAKEWOOD, CO / ACCESS Newswire / October 29, 2025 / Solera National Bancorp, Inc. (OTC:SLRK) ("Company"), the holding company for Solera National Bank ("Bank"), a business-focused bank located in the Denver metropolitan area, today reported financial results for the three months ended September 30, 2025. See highlights below.

3Q25 Financial Highlights

Net income of $6.5 million ($1.52 per share), a $1.0 million or 19% increase from Q3 2024.
Tier 1 leverage ratio of 11%, 187 BPS increase from Q3 2024.
Non-interest income of $4.0 million, a $1.6 million increase, or a 67% increase from Q3 2024.
Return on assets was 2.17%, a 33 bps improvement from Q3 2024.
Return on equity was 26.46%, a 109 bps improvement from Q3 2024.

Steve Snailum, COO, commented: "Another record quarter! The bank's agility and strategic execution have enabled us to capitalize on market opportunities. This quarter, we rolled out enhanced business online and digital banking, which enhanced and modernized our suite of business products and services. We also completed integrations with all major data aggregators, thereby allowing our customers to seamlessly connect their preferred software solutions to their Solera bank accounts. Solera remains committed to growing the business bank by offering cutting-edge products and services to help you run your business effectively. The time is now to move your business to Solera."

Avram Shabanyan, EVP, commented: "Our proactive engagement with provider partners and clients has been instrumental in strengthening Solera Bank's presence in the self-directed space. By visiting our partners and attending key industry events, we're strengthening relationships, expanding collaboration, and reinforcing our commitment to helping clients confidently manage their alternative investments through self-directed retirement accounts. At Solera, we believe our clients should have the freedom to take control of their retirement by investing in alternative assets-empowering them to break free from Wall Street, minimize high brokerage and custodian fees, and grow their retirement accounts."

Cole Kent, Commercial Relationship Manager: "The commercial credit team maintains a high standard of service, fortifying current relationships and expertly navigating customers' ever-more complex financial challenges. Solera continues to prioritize the acquisition of strategic customer-partners, offering them the same dependable banking relationship that current SNB customers have come to trust."

About Solera National Bancorp, Inc.

Solera National Bancorp, Inc. was incorporated in 2006 to organize and serve as the holding company for Solera National Bank, which opened for business in September 2007. Solera National Bank is a community bank serving the needs of emerging businesses and real estate investors. At the core of Solera National Bank is welcoming, attentive, and respectful customer service, a focus on supporting a growing and diverse economy, and a passion to serve our community through service, education, and volunteerism. For more information, please visit http://www.SoleraBank.com.

This press release contains statements that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements contained in this release, which are not historical facts and that relate to future plans or projected results of Solera National Bancorp, Inc. and its wholly-owned subsidiary, Solera National Bank, are forward-looking statements. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected, anticipated, or implied. We undertake no obligation to update or revise any forward-looking statement. Readers of this release are cautioned not to put undue reliance on forward-looking statements.

Contacts: Jay Hansen, CFO (303) 209-8600

FINANCIAL TABLES FOLLOW

SOLERA NATIONAL BANCORP, INC.
CONSOLIDATED BALANCE SHEET
(unaudited)

($000s)	9/30/2025		6/30/2025		3/31/2025		12/31/2024		9/30/2024
ASSETS
Cash and due from banks	$	1,378	$	1,969	$	2,401	$	1,576	$	2,193
Federal funds sold	23,900	-	-	800	400
Interest-bearing deposits with banks	1,872	2,963	1,033	148	595
Investment securities, available-for-sale	324,376	422,112	290,397	322,375	317,180
FHLB and Federal Reserve Bank stocks, at cost	3,171	5,004	5,525	7,457	3,204
Paycheck Protection Program (PPP) loans, gross	-	-	5	20	35
Net PPP loans	-	-	5	20	35
Traditional loans, gross	764,433	754,518	766,687	792,753	797,516
Allowance for loan and lease losses	(11,218	)	(11,219	)	(10,914	)	(10,913	)	(10,912	)
Net traditional loans	753,215	743,299	755,773	781,840	786,604
Premises and equipment, net	36,911	35,128	33,236	33,476	32,289
Accrued interest receivable	8,148	10,244	7,153	7,750	6,940
Bank-owned life insurance	5,223	5,190	5,159	5,127	5,095
Other assets	11,032	13,433	11,103	8,820	8,734
TOTAL ASSETS	$	1,169,226	$	1,239,342	$	1,111,785	$	1,169,389	$	1,163,269

LIABILITIES AND STOCKHOLDERS' EQUITY
Noninterest-bearing demand deposits	$	452,965	$	463,861	$	466,455	$	484,604	$	497,661
Interest-bearing demand deposits	88,048	65,761	60,507	54,734	64,606
Savings and money market deposits	121,868	138,964	104,560	100,987	103,118
Time deposits	358,976	436,547	287,378	294,338	353,405
Total deposits	1,021,857	1,105,133	918,900	934,663	1,018,790

Accrued interest payable	1,587	2,528	1,808	2,587	2,618
Short-term borrowings	-	-	60,191	104,607	13,300
Long-term FHLB borrowings	34,000	34,000	34,000	34,000	34,000
Accounts payable and other liabilities	6,392	5,336	6,087	4,576	5,395
TOTAL LIABILITIES	1,063,836	1,146,997	1,020,987	1,080,434	1,074,104

Common stock	43	43	43	43	43
Additional paid-in capital	38,793	38,778	38,763	38,748	38,748
Retained earnings	89,549	83,008	77,076	72,455	67,163
Accumulated other comprehensive (loss) gain	(22,995	)	(29,484	)	(25,084	)	(22,291	)	(16,789	)
TOTAL STOCKHOLDERS' EQUITY	105,390	92,345	90,798	88,955	89,165
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	1,169,226	$	1,239,342	$	1,111,785	$	1,169,389	$	1,163,269

SOLERA NATIONAL BANCORP, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited)
Three Months Ended

($000s, except per share data)	9/30/2025		6/30/2025		3/31/2025		12/31/2024		9/30/2024
Interest and dividend income
Interest and fees on traditional loans	$	12,802	$	12,791	$	13,101	$	13,615	$	13,854
Investment securities	4,275	4,831	3,490	3,297	3,544
Dividends on bank stocks	91	180	175	131	160
Other	26	21	49	13	19
Total interest income	$	17,194	$	17,823	$	16,815	$	17,056	$	17,577
Interest expense
Deposits	6,463	6,235	4,959	5,564	6,312
FHLB & Fed borrowings	550	1,410	1,550	1,223	1,332
Total interest expense	7,013	7,645	6,509	6,787	7,644
Net interest income	10,181	10,178	10,306	10,269	9,933
Provision for loan and lease losses	6	310	7	6	105
Net interest income after provision for loan and lease losses	10,175	9,868	10,299	10,263	9,828
Noninterest income
Customer service and other fees	284	291	300	470	389
Other income	711	677	807	954	1,138
Gain on sale of securities	2,986	2,709	-	-	858
Total noninterest income	3,981	3,677	1,107	1,424	2,385
Noninterest expense
Employee compensation and benefits	2,838	2,827	2,656	2,611	2,472
Occupancy	538	553	448	492	393
Professional fees	677	330	259	309	122
Other general and administrative	1,629	1,593	1,694	1,437	1,423
Total noninterest expense	5,682	5,303	5,057	4,849	4,410
Net Income Before Taxes	$	8,474	$	8,242	$	6,349	$	6,838	$	7,803
Income Tax Expense	1,934	2,309	1,711	1,526	2,294
Net Income	$	6,540	$	5,933	$	4,638	$	5,312	$	5,509

Income Per Share	$	1.52	$	1.38	$	1.08	$	1.24	$	1.28
Tangible Book Value Per Share	$	24.51	$	21.48	$	21.12	$	20.69	$	20.74
WA Shares outstanding	4,299,953	4,299,953	4,299,953	4,299,953	4,299,953
Pre-Tax Pre-Provision Income	$	8,480	$	8,552	$	6,356	$	6,844	$	7,908
Net Interest Margin	3.70	%	3.56	%	3.93	%	3.81	%	3.67	%
Cost of Funds	2.54	%	2.66	%	2.49	%	2.51	%	2.72	%
Efficiency Ratio	50.84	%	47.58	%	44.31	%	41.47	%	38.48	%
Return on Average Assets	2.17	%	2.02	%	1.63	%	1.82	%	1.84	%
Return on Average Equity	26.46	%	25.92	%	20.64	%	23.86	%	25.37	%
Leverage Ratio	11.0	%	9.8	%	10.4	%	9.5	%	9.1	%

Asset Quality:
Non-performing loans to gross loans	0.59	%	0.60	%	0.42	%	0.52	%	0.65	%
Non-performing assets to total assets	0.39	%	0.37	%	0.29	%	0.35	%	0.45	%
Allowance for loan losses to gross traditional loans	1.47	%	1.49	%	1.42	%	1.38	%	1.37	%
* Not meaningful due to the insignificant amount of non-performing loans.


Criticized loans/assets:
Special mention	$	19,306	$	2,842	$	11,103	$	10,730	$	29,145
Substandard: Accruing	35,447	39,971	19,641	14,911	22,410
Substandard: Nonaccrual	8,281	4,526	3,251	4,142	5,180
Doubtful	-	-	-	-	-
Total criticized loans	$	63,034	$	47,339	$	33,995	$	29,782	$	56,735
Other real estate owned	-	-	-	-	-
Investment securities	-	-	-	-	-
Total criticized assets	$	63,034	$	47,339	$	33,995	$	29,782	$	56,735
Criticized assets to total assets	5.39	%	3.82	%	3.06	%	2.55	%	4.88	%

SOURCE: Solera National Bancorp, Inc.

View the original press release on ACCESS Newswire

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Arizona Tribune - Solera National Bancorp Announces Third Quarter 2025 Financial Results

Solera National Bancorp Announces Third Quarter 2025 Financial Results

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