Solera National Bancorp Announces Revised First & Second Quarter 2026 Financial Results

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Solera National Bancorp Announces Revised First & Second Quarter 2026 Financial Results

ECONOMY 25.09.2026

Q2 2026 pre-tax and pre-provision income of $9.0 million.

Q1 2026 pre-tax and pre-provision income of $5.0 million.

Q2 2026 net income of $6.1 million ($1.42 per share).

Q1 2026 net income of $2.7 million ($0.63 per share).

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LAKEWOOD, CO / ACCESS Newswire / September 25, 2026 / Solera National Bancorp, Inc. (OTC PINK:SLRK) ("Company"), the holding company for Solera National Bank ("Bank"), a business-focused bank located in the Denver metropolitan area, today reported REVISED financial results for the three months ended June 30, 2026 and three months ended March 31, 2026. See highlights below.

2Q26 Financial Highlights

Pre-tax pre-provision pre-legal income of $9.6 million, an $861 thousand or 10% increase from Q2 2025.
Total interest income of $23.8 million, a $6.0 million increase, or a 34% increase from Q2 2025.
Tangible book value per share was $27.92/share, a $6.44, or 30% increase from Q2 2025.
Return on assets was 1.54%.
Return on equity was 21.26%.
Efficiency ratio was 46.04%.

Michael Quagliano, Executive Chairman of the Board, commented: "I welcome the accounting change because it allows Solera to be more tax efficient."

Jay Hansen, Chief Financial Officer, commented: "Our treasury activity from 2025 continued to expand in 2026. After a thorough review with our internal and external auditors, including discussions with our regulators, we determined that classifying these activities as trading is more appropriate. We believe this treatment is more conservative because market changes are reflected directly in earnings rather than recorded on the balance sheet through accumulated other comprehensive income. Our core earnings have not changed."

American Banker again recognized Solera National Bank among the nation's top publicly traded banks with less than $2 billion in assets. The ranking, based on year-end 2025 data, uses each institution's three-year average return on average equity. For 2025, Solera was ranked third in its peer group, an achievement of which our entire team is very proud.

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

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

($000s)	6/30/2026		3/31/2026		12/31/2025		9/30/2025		6/30/2025
ASSETS	Revised		Revised
Cash and due from banks	$	1,358	$	2,059	$	2,280	$	1,378	$	1,969
Federal funds sold	-	-	-	23,900	-
Interest-bearing deposits with banks	1,498	1,694	1,706	1,872	2,963
Investment securities, available-for-sale	586,869	624,921	650,464	324,376	422,112
FHLB and Federal Reserve Bank stocks, at cost	8,413	14,069	16,144	3,171	5,004
Paycheck Protection Program (PPP) loans, gross	-	-	-	-	-
Traditional loans, gross	899,753	916,277	829,057	764,433	754,518
Allowance for loan and lease losses	(13,592	)	(13,178	)	(12,225	)	(11,218	)	(11,219	)
Net traditional loans	886,161	903,099	816,832	753,215	743,299
Premises and equipment, net	34,347	35,227	36,469	36,911	35,128
Accrued interest receivable	15,127	11,249	12,609	8,148	10,244
OREO	998	998
Bank-owned life insurance	5,321	5,288	5,256	5,223	5,190
Other assets	14,047	13,162	11,094	11,032	13,433
TOTAL ASSETS	$	1,554,139	$	1,611,766	$	1,552,854	$	1,169,226	$	1,239,342

LIABILITIES AND STOCKHOLDERS' EQUITY
Noninterest-bearing demand deposits	$	439,080	$	443,661	$	471,977	$	452,965	$	463,861
Interest-bearing demand deposits	89,791	93,520	97,338	88,048	65,761
Savings and money market deposits	150,861	127,259	134,847	121,868	138,964
Time deposits	612,089	569,484	421,479	358,976	436,547
Total deposits	1,291,821	1,233,924	1,125,641	1,021,857	1,105,133

Accrued interest payable	2,255	2,282	1,531	1,587	2,528
Short-term borrowings	98,939	223,414	278,525	-	-
Long-term FHLB borrowings	34,000	34,000	34,000	34,000	34,000
Accounts payable and other liabilities	7,090	8,892	6,267	6,392	5,336
TOTAL LIABILITIES	1,434,105	1,502,512	1,445,964	1,063,836	1,146,997

Common stock	43	43	43	43	43
Additional paid-in capital	38,778	38,763	38,748	38,793	38,778
Retained earnings	104,283	98,188	95,461	89,549	83,008
Accumulated other comprehensive (loss) gain	(23,070	)	(27,740	)	(27,362	)	(22,995	)	(29,484	)
TOTAL STOCKHOLDERS' EQUITY	120,034	109,254	106,890	105,390	92,345
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	1,554,139	$	1,611,766	$	1,552,854	$	1,169,226	$	1,239,342

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

Three Months Ended
($000s, except per share data)	6/30/2026		3/31/2026		12/31/2025		9/30/2025		6/30/2025
Interest and dividend income	Revised		Revised
Interest and fees on traditional loans	$	15,251	$	14,473	$	13,632	$	12,802	$	12,791
Investment securities	8,282	7,215	5,515	4,275	4,831
Dividends on bank stocks	261	239	194	91	180
Other	17	18	28	26	21
Total interest income	$	23,811	$	21,945	$	19,369	$	17,194	$	17,823
Interest expense
Deposits	9,008	7,631	6,867	6,463	6,235
FHLB & Fed borrowings	2,003	1,869	1,588	550	1,410
Total interest expense	11,011	9,500	8,455	7,013	7,645
Net interest income	12,800	12,445	10,914	10,181	10,178
Provision for loan and lease losses	605	1,008	1,010	6	310
Net interest income after provision for loan and lease losses	12,195	11,437	9,904	10,175	9,868
Noninterest income
Customer service and other fees	251	279	262	284	291
Other income	506	1,128	310	711	677
Gain on sale of securities	1,633	(1,492	)	3,297	2,986	2,709
Total noninterest income	2,390	(85	)	3,869	3,981	3,677
Noninterest expense
Employee compensation and benefits	2,966	2,956	2,560	2,838	2,827
Occupancy	520	496	550	538	553
Professional fees	905	2,299	1,137	677	330
Other general and administrative	1,850	1,634	1,560	1,629	1,593
Total noninterest expense	6,241	7,385	5,807	5,682	5,303
Net Income Before Taxes	$	8,344	$	3,967	$	7,966	$	8,474	$	8,242
Income Tax Expense	2,250	1,239	2,054	1,934	2,309
Net Income	$	6,094	$	2,728	$	5,912	$	6,540	$	5,933

Income Per Share	$	1.42	$	0.63	$	1.37	$	1.52	$	1.38
Tangible Book Value Per Share	$	27.92	$	25.41	$	24.86	$	24.51	$	21.48
WA Shares outstanding	4,299,953	4,299,953	4,299,953	4,299,953	4,299,953
Pre-Tax Pre-Provision Income	$	8,949	$	4,975	$	8,976	$	8,480	$	8,552
Net Interest Margin	3.30	%	3.54	%	3.55	%	3.70	%	3.56	%
Cost of Funds	2.84	%	2.72	%	2.72	%	2.54	%	2.66	%
Efficiency Ratio	46.04	%	53.31	%	50.56	%	50.84	%	47.58	%
Return on Average Assets	1.54	%	0.69	%	1.74	%	2.17	%	2.02	%
Return on Average Equity	21.26	%	10.10	%	22.28	%	26.46	%	25.92	%
Leverage Ratio	9.2	%	8.5	%	8.6	%	11.0	%	9.8	%

Asset Quality:
Non-performing loans to gross loans	0.50	%	0.49	%	0.55	%	0.59	%	0.60	%
Non-performing assets to total assets	0.36	%	0.34	%	0.29	%	0.39	%	0.37	%
Allowance for loan losses to gross traditional loans	1.51	%	1.44	%	1.47	%	1.47	%	1.49	%
* Not meaningful due to the insignificant amount of non-performing loans.


Criticized loans/assets:
Special mention	$	12,775	$	12,499	$	18,986	$	19,306	$	2,842
Substandard: Accruing	45,787	42,577	44,873	35,447	39,971
Substandard: Nonaccrual	12,267	4,125	4,757	8,281	4,526
Doubtful	-	-	-	-	-
Total criticized loans	$	70,829	$	59,201	$	68,616	$	63,034	$	47,339
Other real estate owned	998	998	-	-	-
Investment securities	-	-	-	-	-
Total criticized assets	$	71,827	$	60,199	$	68,616	$	63,034	$	47,339
Criticized assets to total assets	4.62	%	3.73	%	4.42	%	5.39	%	3.82	%

SOURCE: Solera National Bancorp, Inc.

View the original press release on ACCESS Newswire

L.Davis--AMWN

American Marconi Wireless News - Solera National Bancorp Announces Revised First & Second Quarter 2026 Financial Results

Solera National Bancorp Announces Revised First & Second Quarter 2026 Financial Results

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