Solera National Bancorp, Inc. (SLRK)

Solera National Bancorp Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	54.02	45.87	25	18.45	12.54	9.34
Interest Income on Investments	15.85	15.56	10.28	2.77	1.67	1.46
Total Interest Income	69.87	61.43	35.28	21.22	14.21	10.8
Interest Paid on Deposits	23.5	20	3.91	0.76	0.96	1.44
Interest Paid on Borrowings	8.02	6.26	0.98	0.1	0.09	0.07
Total Interest Expense	31.52	26.26	4.89	0.86	1.04	1.52
Net Interest Income	38.35	35.17	30.39	20.36	13.17	9.28
Net Interest Income Growth (YoY)	14.29%	15.71%	49.27%	54.62%	41.88%	32.11%
Gain (Loss) on Sale of Assets	0.03	0.03	0.94	-	-	-
Gain (Loss) on Sale of Investments	0.99	0.31	1.75	2.18	1.48	0.28
Other Non-Interest Income	3.48	3.42	2.9	1.54	0.87	0.42
Total Non-Interest Income	4.49	3.76	5.6	3.72	2.43	0.69
Non-Interest Income Growth (YoY)	-11.96%	-32.86%	50.59%	53.00%	250.14%	171.09%
Revenues Before Loan Losses	42.84	38.93	35.99	24.08	15.6	9.98
Provision for Loan Losses	1.52	1.53	1.58	1.6	2.15	0.54
Revenue	41.33	37.4	34.42	22.48	13.45	9.44
Revenue Growth (YoY)	10.73%	8.66%	53.07%	67.14%	42.56%	40.79%
Salaries and Employee Benefits	9.45	8.12	7.09	4.36	3.58	2.86
Occupancy Expenses	0.87	0.87	0.9	0.67	0.42	0.22
Selling, General & Administrative	7.77	7.15	4.44	2.78	1.78	1.76
Other Non-Interest Expense	0	-	-	-	-	-
Total Non-Interest Expense	18.09	16.14	12.43	7.81	5.78	4.85
EBT Excluding Unusual Items	23.24	21.26	21.99	14.68	7.67	4.59
Pretax Income	23.24	21.26	21.99	14.68	7.67	4.59
Income Tax Expense	6.94	4.61	3.82	3.59	1.74	1.03
Net Income	16.3	16.66	18.17	11.09	5.93	3.56
Net Income to Common	16.3	16.66	18.17	11.09	5.93	3.56
Net Income Growth	-9.94%	-8.32%	63.81%	86.91%	66.59%	59.52%
Basic Shares Outstanding	4	4	4	4	4	4
Diluted Shares Outstanding	4	4	4	4	4	4
Shares Change (YoY)	-1.21%	0.54%	-0.47%	2.38%	0.78%	14.76%
EPS (Basic)	3.82	3.87	4.25	2.58	1.42	0.87
EPS (Diluted)	3.82	3.87	4.25	2.58	1.41	0.86
EPS Growth	-8.92%	-8.90%	64.65%	82.98%	63.95%	38.71%
Effective Tax Rate	29.87%	21.67%	17.37%	24.43%	22.67%	22.38%

Source: S&P Capital IQ. Banks template. Financial Sources.