Solera National Bancorp Announces Third Quarter 2026 Financial Results

Stockholders’ equity fell to $86.105 million from $120.034 million at June 30, while tangible book value per share declined.

Rhea-AI Summary

Solera National Bancorp (SLRK) reported a third-quarter 2026 net loss of $8.910 million, reversing a profit a year earlier. The loss was $2.07 per share, versus earnings of $1.52 per share in Q3 2025. Securities-sale losses totaled $17.651 million, compared with a $2.986 million gain a year earlier.

Net interest income rose to $12.379 million from $10.181 million, while the loan-loss provision increased to $1.901 million from $6,000. Income before taxes, provisions and treasury activity reached $7.559 million, versus $5.494 million. Net interest margin was 3.43%, down from 3.70% a year earlier but above 3.30% in Q2 2026.

At September 30, gross traditional loans totaled $945.691 million and deposits were $1,261.803 million. During 2026, Solera reclassified some treasury securities from available-for-sale, with changes recorded in equity, to trading, with changes recorded directly in income.

10 points · 0 major

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Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

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1 major · 16 points

How the balance works

Positive

• Moderate pointNet interest income reached $12.379 million, versus $10.181 million a year earlier and $12.800 million in Q2.
• Moderate pointIncome before taxes, provisions and treasury activity rose to $7.559 million from $5.494 million a year earlier.
• Moderate pointEfficiency ratio improved to 42.65%, from 46.04% in Q2 and 50.84% a year earlier.
• Moderate pointGross traditional loans rose to $945.691 million, from $899.753 million in June and $764.433 million a year earlier.
• Moderate pointTotal assets reached $1,554.428 million, versus $1,169.226 million at September 30, 2025.

5 minor points

• Minor pointTotal interest income reached $22.235 million, versus $17.194 million a year earlier and $23.811 million in Q2.
• Minor pointNoninterest expenses fell to $5.621 million, from $6.241 million in Q2 and $5.682 million a year earlier.
• Minor pointNon-performing loans to gross loans fell to 0.48%, from 0.50% in June and 0.59% a year earlier.
• Minor pointCriticized assets declined to $52.350 million, or 3.37% of assets, from $54.357 million and 3.50% in June.
• Minor pointAllowance coverage of gross traditional loans increased to 1.53%, from 1.51% in June and 1.47% a year earlier.

Negative

• Major pointQ3 net loss was $8.910 million, or $2.07 per share, versus year-earlier profit of $6.540 million, or $1.52.
• Moderate pointStockholders’ equity fell to $86.105 million, from $120.034 million in June and $105.390 million a year earlier.
• Moderate pointLeverage ratio declined to 8.6%, from 9.2% in June and 11.0% a year earlier.
• Moderate pointShort-term borrowings increased to $158.049 million, from $98.939 million in June and none a year earlier.
• Moderate pointNet interest margin was 3.43%, below 3.70% a year earlier but above 3.30% in Q2.
• Moderate pointSubstandard nonaccrual loans increased to $21.038 million, from $12.267 million in June and $8.281 million a year earlier.

10 minor points

• Minor pointSecurities-sale losses totaled $17.651 million, versus a $2.986 million gain in Q3 2025.
• Minor pointLoan-loss provision increased to $1.901 million, from $605,000 in Q2 and $6,000 a year earlier.
• Minor pointAccumulated other comprehensive loss widened to $48.099 million, from $23.070 million in June.
• Minor pointTangible book value per share declined to $20.02, from $27.92 in June and $24.51 a year earlier.
• Minor pointDeposits totaled $1,261.803 million, below June’s $1,291.821 million but above $1,021.857 million a year earlier.
• Minor pointInterest expense totaled $9.856 million, above $7.013 million a year earlier but below $11.011 million in Q2.
• Minor pointCost of funds was 2.73%, above 2.54% a year earlier but below 2.84% in Q2.
• Minor pointReturn on average assets fell to negative 2.29%, versus positive 2.17% a year earlier.
• Minor pointReturn on average equity fell to negative 34.58%, versus positive 26.46% a year earlier.
• Minor pointSpecial-mention loans increased to $17.595 million, from $12.775 million in June, but remained below $19.306 million a year earlier.

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LAKEWOOD, CO / ACCESS Newswire / October 30, 2026 / Solera National Bancorp, Inc. (OTCID: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, 2026. See highlights below.

3Q26 Financial Highlights

• Pre-tax pre-provision pre-treasury income of $7.6 million, a $2.1 million or 38% increase from Q3 2025.
• Total interest income of $22.2 million, a $5.0 million increase, or a 34% increase from Q3 2025.
• Total net interest income of $12.4 million, a $2.2 million increase or 22% from Q3 2025.
• Solera has reclassified some of its treasury trading securities from ‘available-for-sale' (held in capital AOCI) to ‘trading' (taken directly to income) during 2026. Our core earnings have remained strong.

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)		9/30/2026			6/30/2026			3/31/2026			12/31/2025			9/30/2025
ASSETS					Revised			Revised
Cash and due from banks		$	1,586		$	1,358		$	2,059		$	2,280		$	1,378
Federal funds sold			4,000			-			-			-			23,900
Interest-bearing deposits with banks			1,792			1,498			1,694			1,706			1,872
Investment securities, available-for-sale			524,791			586,869			624,921			650,464			324,376
FHLB and Federal Reserve Bank stocks, at cost			10,919			8,413			14,069			16,144			3,171
Traditional loans, gross			945,691			899,753			916,277			829,057			764,433
Allowance for loan and lease losses			(14,491	)		(13,592	)		(13,178	)		(12,225	)		(11,218	)
Net traditional loans			931,200			886,161			903,099			816,832			753,215
Premises and equipment, net			38,133			34,347			35,227			36,469			36,911
Accrued interest receivable			11,283			15,127			11,249			12,609			8,148
OREO			998			998			998
Bank-owned life insurance			5,355			5,321			5,288			5,256			5,223
Other assets			24,371			14,047			13,162			11,094			11,032
TOTAL ASSETS		$	1,554,428		$	1,554,139		$	1,611,766		$	1,552,854		$	1,169,226
LIABILITIES AND STOCKHOLDERS' EQUITY
Noninterest-bearing demand deposits		$	443,777		$	439,080		$	443,661		$	471,977		$	452,965
Interest-bearing demand deposits			130,210			89,791			93,520			97,338			88,048
Savings and money market deposits			260,127			150,861			127,259			134,847			121,868
Time deposits			427,689			612,089			569,484			421,479			358,976
Total deposits			1,261,803			1,291,821			1,233,924			1,125,641			1,021,857
Accrued interest payable			1,837			2,255			2,282			1,531			1,587
Short-term borrowings			158,049			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			12,634			7,090			8,892			6,267			6,392
TOTAL LIABILITIES			1,468,323			1,434,105			1,502,512			1,445,964			1,063,836
Common stock			43			43			43			43			43
Additional paid-in capital			38,788			38,778			38,763			38,748			38,793
Retained earnings			95,373			104,283			98,188			95,461			89,549
Accumulated other comprehensive (loss) gain			(48,099	)		(23,070	)		(27,740	)		(27,362	)		(22,995	)
TOTAL STOCKHOLDERS' EQUITY			86,105			120,034			109,254			106,890			105,390
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY		$	1,554,428		$	1,554,139		$	1,611,766		$	1,552,854		$	1,169,226

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

	Three Months Ended
($000s, except per share data)		9/30/2026			6/30/2026			3/31/2026			12/31/2025			9/30/2025
Interest and dividend income					Revised			Revised
Interest and fees on traditional loans		$	15,144		$	15,251		$	14,473		$	13,632		$	12,802
Investment securities			6,878			8,282			7,215			5,515			4,275
Dividends on bank stocks			200			261			239			194			91
Other			13			17			18			28			26
Total interest income		$	22,235		$	23,811		$	21,945		$	19,369		$	17,194
Interest expense
Deposits			8,158			9,008			7,631			6,867			6,463
FHLB & Fed borrowings			1,698			2,003			1,869			1,588			550
Total interest expense			9,856			11,011			9,500			8,455			7,013
Net interest income			12,379			12,800			12,445			10,914			10,181
Provision for loan and lease losses			1,901			605			1,008			1,010			6
Net interest income after provision for loan and lease losses			10,478			12,195			11,437			9,904			10,175
Noninterest income
Customer service and other fees			227			251			279			262			284
Other income			574			506			1,128			310			711
Gain on sale of securities			(17,651	)		1,633			(1,492	)		3,297			2,986
Total noninterest income			(16,850	)		2,390			(85	)		3,869			3,981
Noninterest expense
Employee compensation and benefits			3,118			2,966			2,956			2,560			2,838
Occupancy			564			520			496			550			538
Professional fees			335			905			2,299			1,137			677
Other general and administrative			1,604			1,850			1,634			1,560			1,629
Total noninterest expense			5,621			6,241			7,385			5,807			5,682
Net Income Before Taxes		$	(11,993	)	$	8,344		$	3,967		$	7,966		$	8,474
Income Tax Expense			(3,083	)		2,250			1,239			2,054			1,934
Net Income		$	(8,910	)	$	6,094		$	2,728		$	5,912		$	6,540
Income Per Share		$	(2.07	)	$	1.42		$	0.63		$	1.37		$	1.52
Tangible Book Value Per Share		$	20.02		$	27.92		$	25.41		$	24.86		$	24.51
WA Shares outstanding			4,299,953			4,299,953			4,299,953			4,299,953			4,299,953
Pre-Tax, Pre-Provision, Pre-Treasury Income		$	7,559		$	7,316		$	6,467		$	5,679		$	5,494
Net Interest Margin			3.43	%		3.30	%		3.54	%		3.55	%		3.70	%
Cost of Funds			2.73	%		2.84	%		2.72	%		2.72	%		2.54	%
Efficiency Ratio			42.65	%		46.04	%		53.31	%		50.56	%		50.84	%
Return on Average Assets			(2.29	)%		1.54	%		0.69	%		1.74	%		2.17	%
Return on Average Equity			(34.58	)%		21.26	%		10.10	%		22.28	%		26.46	%
Leverage Ratio			8.6	%		9.2	%		8.5	%		8.6	%		11.0	%
Asset Quality:
Non-performing loans to gross loans			0.48	%		0.50	%		0.49	%		0.55	%		0.59	%
Non-performing assets to total assets			0.36	%		0.36	%		0.34	%		0.29	%		0.39	%
Allowance for loan losses to gross traditional loans			1.53	%		1.51	%		1.44	%		1.47	%		1.47	%
* Not meaningful due to the insignificant amount of non-performing loans.
Criticized loans/assets:
Special mention		$	17,595		$	12,775		$	12,499		$	18,986		$	19,306
Substandard: Accruing			12,719			28,317			42,577			44,873			35,447
Substandard: Nonaccrual			21,038			12,267			4,125			4,757			8,281
Doubtful			-			-			-			-			-
Total criticized loans		$	51,352		$	53,359		$	59,201		$	68,616		$	63,034
Other real estate owned			998			998			998			-			-
Investment securities			-			-			-			-			-
Total criticized assets		$	52,350		$	54,357		$	60,199		$	68,616		$	63,034
Criticized assets to total assets			3.37	%		3.50	%		3.73	%		4.42	%		5.39	%

SOURCE: Solera National Bancorp, Inc.

View the original press release on ACCESS Newswire

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Solera National Bancorp’s Q3 2026 earnings?

Solera reported a $8.910 million net loss, or $2.07 per share, for the three months ended September 30, 2026. A year earlier, it earned $6.540 million, or $1.52 per share. The quarter included a $17.651 million loss on sales of securities.

How did Solera National Bancorp’s substandard accruing loans change in Q3 2026?

Substandard loans still accruing interest declined to $12.719 million at September 30, 2026, from $28.317 million at June 30, 2026. They totaled $35.447 million at September 30, 2025.