Solera National Bancorp, Inc.: Solera National Bancorp Announces Revised First & Second Quarter 2026 Financial Results

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).

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 [phone]

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:
https://www.accessnewswire.com/newsroom/en/banking-and-financial-services/solera-national-bancorp-announces-revised-first-and-second-quarter-2-1227361