Solera National Bancorp Announces First Quarter 2026 Financial Results

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Solera National Bancorp Announces First Quarter 2026 Financial Results

ECONOMY 28.04.2026

Q1 2026 pre-tax and pre-provision income of $10.3 million, a NEW RECORD!

Net income of $6.7 million ($1.55 per share).

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LAKEWOOD, CO / ACCESS Newswire / April 28, 2026 / 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 March 31, 2026. See highlights below.

1Q26 Financial Highlights

Pre-tax pre-provision pre-legal income of $12.4 million, a $5.9 million or 92% increase from Q1 2025.
Non-interest income of $5.2 million, a $4.1 million increase, or a 371% increase from Q1 2025.
Tangible book value per share was $25.41/share, a $4.29 or 20% increase from Q1 2025.
Return on assets was 1.69%.
Return on equity was 24.73%.
Efficiency ratio was 53.31%.

Jordan Wright, Board Member, commented: "Healthy earnings growth over time. Seeing our core revenue opportunities continue to grow as the bank continues to scale. These are exciting times to be in the same orbit as Solera, and we're just getting started."

Joey Warmenhoven, Board Member, commented: "These results are a true testament to the hard work of all our team. We continue to produce at a very high level. Our book value continues to compound at a fast rate."

Avram Shabanyan, Board Member, commented: "Our Executive Chairman continues to lead Solera National Bank in generating consistent year-over-year earnings. This is a testament to our relationship-driven approach with our customers and banking partners. Solera continues to focus on growing earnings, strengthening our core business lines, and capitalizing on market opportunities to drive shareholder value."

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)	3/31/2026		12/31/2025		9/30/2025		6/30/2025		3/31/2025
ASSETS
Cash and due from banks	$	2,057	$	2,280	$	1,378	$	1,969	$	2,401
Federal funds sold	-	-	23,900	-	-
Interest-bearing deposits with banks	1,694	1,706	1,872	2,963	1,033
Investment securities, available-for-sale	624,921	650,464	324,376	422,112	290,397
FHLB and Federal Reserve Bank stocks, at cost	14,069	16,144	3,171	5,004	5,525
Paycheck Protection Program (PPP) loans, gross	-	-	-	-	5
Net PPP loans	-	-	-	-	5
Traditional loans, gross	916,277	829,057	764,433	754,518	766,687
Allowance for loan and lease losses	(13,178	)	(12,225	)	(11,218	)	(11,219	)	(10,914	)
Net traditional loans	903,099	816,832	753,215	743,299	755,773
Premises and equipment, net	35,228	36,469	36,911	35,128	33,236
Accrued interest receivable	11,249	12,609	8,148	10,244	7,153
Bank-owned life insurance	5,288	5,256	5,223	5,190	5,159
Other assets	13,162	11,094	11,032	13,433	11,103
TOTAL ASSETS	$	1,610,767	$	1,552,854	$	1,169,226	$	1,239,342	$	1,111,785
LIABILITIES AND STOCKHOLDERS' EQUITY
Noninterest-bearing demand deposits	$	443,661	$	471,977	$	452,965	$	463,861	$	466,455
Interest-bearing demand deposits	93,520	97,338	88,048	65,761	60,507
Savings and money market deposits	127,259	134,847	121,868	138,964	104,560
Time deposits	569,484	421,479	358,976	436,547	287,378
Total deposits	1,233,924	1,125,641	1,021,857	1,105,133	918,900
Accrued interest payable	2,282	1,531	1,587	2,528	1,808
Short-term borrowings	223,414	278,525	-	-	60,191
Long-term FHLB borrowings	34,000	34,000	34,000	34,000	34,000
Accounts payable and other liabilities	8,896	6,267	6,392	5,336	6,087
TOTAL LIABILITIES	1,502,516	1,445,964	1,063,836	1,146,997	1,020,987
Common stock	43	43	43	43	43
Additional paid-in capital	38,763	38,748	38,793	38,778	38,763
Retained earnings	102,143	95,461	89,549	83,008	77,076
Accumulated other comprehensive (loss) gain	(31,698	)	(27,362	)	(22,995	)	(29,484	)	(25,084	)
TOTAL STOCKHOLDERS' EQUITY	109,251	106,890	105,390	92,345	90,798
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	1,611,767	$	1,552,854	$	1,169,226	$	1,239,342	$	1,111,785

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

Three Months Ended
($000s, except per share data)	3/31/2026		12/31/2025		9/30/2025		6/30/2025		3/31/2025
Interest and dividend income
Interest and fees on traditional loans	$	14,473	$	13,632	$	12,802	$	12,791	$	13,101
Investment securities	7,215	5,515	4,275	4,831	3,490
Dividends on bank stocks	239	194	91	180	175
Other	18	28	26	21	49
Total interest income	$	21,945	$	19,369	$	17,194	$	17,823	$	16,815
Interest expense
Deposits	7,631	6,867	6,463	6,235	4,959
FHLB & Fed borrowings	1,869	1,588	550	1,410	1,550
Total interest expense	9,500	8,455	7,013	7,645	6,509
Net interest income	12,445	10,914	10,181	10,178	10,306
Provision for loan and lease losses	1,008	1,010	6	310	7
Net interest income after provision for loan and lease losses	11,437	9,904	10,175	9,868	10,299
Noninterest income
Customer service and other fees	279	262	284	291	300
Other income	1,128	310	711	677	807
Gain on sale of securities	3,803	3,297	2,986	2,709	-
Total noninterest income	5,210	3,869	3,981	3,677	1,107
Noninterest expense
Employee compensation and benefits	2,956	2,560	2,838	2,827	2,656
Occupancy	496	550	538	553	448
Professional fees	2,299	1,137	677	330	259
Other general and administrative	1,634	1,560	1,629	1,593	1,694
Total noninterest expense	7,385	5,807	5,682	5,303	5,057
Net Income Before Taxes	$	9,262	$	7,966	$	8,474	$	8,242	$	6,349
Income Tax Expense	2,580	2,054	1,934	2,309	1,711
Net Income	$	6,682	$	5,912	$	6,540	$	5,933	$	4,638

Income Per Share	$	1.55	$	1.37	$	1.52	$	1.38	$	1.08
Tangible Book Value Per Share	$	25.41	$	24.86	$	24.51	$	21.48	$	21.12
WA Shares outstanding	4,299,953	4,299,953	4,299,953	4,299,953	4,299,953
Pre-Tax Pre-Provision Income	$	10,270	$	8,976	$	8,480	$	8,552	$	6,356
Net Interest Margin	3.54	%	3.55	%	3.70	%	3.56	%	3.93	%
Cost of Funds	2.72	%	2.72	%	2.54	%	2.66	%	2.49	%
Efficiency Ratio	53.31	%	50.56	%	50.84	%	47.58	%	44.31	%
Return on Average Assets	1.69	%	1.74	%	2.17	%	2.02	%	1.63	%
Return on Average Equity	24.73	%	22.28	%	26.46	%	25.92	%	20.64	%
Leverage Ratio	8.7	%	8.6	%	11.0	%	9.8	%	10.4	%
Asset Quality:
Non-performing loans to gross loans	0.49	%	0.55	%	0.59	%	0.60	%	0.42	%
Non-performing assets to total assets	0.34	%	0.29	%	0.39	%	0.37	%	0.29	%
Allowance for loan losses to gross traditional loans	1.44	%	1.47	%	1.47	%	1.49	%	1.42	%
* Not meaningful due to the insignificant amount of non-performing loans.
Criticized loans/assets:
Special mention	$	12,499	$	18,986	$	19,306	$	2,842	$	11,103
Substandard: Accruing	42,577	44,873	35,447	39,971	19,641
Substandard: Nonaccrual	4,125	4,757	8,281	4,526	3,251
Doubtful	-	-	-	-	-
Total criticized loans	$	59,201	$	68,616	$	63,034	$	47,339	$	33,995
Other real estate owned	998	-	-	-	-
Investment securities	-	-	-	-	-
Total criticized assets	$	60,199	$	68,616	$	63,034	$	47,339	$	33,995
Criticized assets to total assets	3.74	%	4.42	%	5.39	%	3.82	%	3.06	%

SOURCE: Solera National Bancorp, Inc.

View the original press release on ACCESS Newswire

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Solera National Bancorp Announces First Quarter 2026 Financial Results

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