Solera National Bancorp, Inc. (SLRK)

Solera National Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	54.76	54.94	45.87	25	18.45	12.54
Interest Income on Investments	14.98	15.21	15.56	10.28	2.77	1.67
Total Interest Income	69.74	70.15	61.43	35.28	21.22	14.21
Interest Paid on Deposits	22.12	23	20	3.91	0.76	0.96
Interest Paid on Borrowings	6.97	7.62	6.26	0.98	0.1	0.09
Total Interest Expense	29.09	30.61	26.26	4.89	0.86	1.04
Net Interest Income	40.65	39.54	35.17	30.39	20.36	13.17
Net Interest Income Growth (YoY)	12.29%	12.41%	15.71%	49.27%	54.62%	41.88%
Gain (Loss) on Sale of Assets	0.11	0.11	0.03	0.94	-	-
Gain (Loss) on Sale of Investments	0.86	0.92	0.31	1.75	2.18	1.48
Other Non-Interest Income	4.12	4.07	3.42	2.9	1.54	0.87
Total Non-Interest Income	5.09	5.11	3.76	5.6	3.72	2.43
Non-Interest Income Growth (YoY)	46.18%	35.81%	-32.86%	50.59%	53.00%	250.14%
Revenues Before Loan Losses	45.74	44.64	38.93	35.99	24.08	15.6
Provision for Loan Losses	0.12	1.32	1.53	1.58	1.6	2.15
Revenue	45.62	43.32	37.4	34.42	22.48	13.45
Revenue Growth (YoY)	20.98%	15.84%	8.66%	53.07%	67.14%	42.56%
Salaries and Employee Benefits	10.25	10.02	8.12	7.09	4.36	3.58
Occupancy Expenses	1.08	1.08	0.87	0.9	0.67	0.42
Selling, General & Administrative	7.54	7.69	7.15	4.44	2.78	1.78
Total Non-Interest Expense	18.87	18.79	16.14	12.43	7.81	5.78
EBT Excluding Unusual Items	26.75	24.54	21.26	21.99	14.68	7.67
Pretax Income	26.75	24.54	21.26	21.99	14.68	7.67
Income Tax Expense	7.09	6.5	4.61	3.82	3.59	1.74
Net Income	19.65	18.04	16.66	18.17	11.09	5.93
Net Income to Common	19.65	18.04	16.66	18.17	11.09	5.93
Net Income Growth	30.24%	8.28%	-8.32%	63.81%	86.91%	66.59%
Basic Shares Outstanding	4	4	4	4	4	4
Diluted Shares Outstanding	4	4	4	4	4	4
Shares Change (YoY)	-	-	0.54%	-0.47%	2.38%	0.78%
EPS (Basic)	4.57	4.19	3.87	4.25	2.58	1.42
EPS (Diluted)	4.57	4.19	3.87	4.25	2.58	1.41
EPS Growth	30.37%	8.38%	-8.90%	64.65%	82.98%	63.95%
Effective Tax Rate	26.52%	26.50%	21.67%	17.37%	24.43%	22.67%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.