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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	54.28	54.94	45.87	25	18.45	12.54
Interest Income on Investments	16.02	15.21	15.56	10.28	2.77	1.67
Total Interest Income	70.3	70.15	61.43	35.28	21.22	14.21
Interest Paid on Deposits	23.07	23	20	3.91	0.76	0.96
Interest Paid on Borrowings	5.55	7.62	6.26	0.98	0.1	0.09
Total Interest Expense	28.62	30.61	26.26	4.89	0.86	1.04
Net Interest Income	41.68	39.54	35.17	30.39	20.36	13.17
Net Interest Income Growth (YoY)	12.89%	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	3.57	0.92	0.31	1.75	2.18	1.48
Other Non-Interest Income	3.88	4.07	3.42	2.9	1.54	0.87
Total Non-Interest Income	7.56	5.11	3.76	5.6	3.72	2.43
Non-Interest Income Growth (YoY)	129.14%	35.81%	-32.86%	50.59%	53.00%	250.14%
Revenues Before Loan Losses	49.25	44.64	38.93	35.99	24.08	15.6
Provision for Loan Losses	0.43	1.32	1.53	1.58	1.6	2.15
Revenue	48.82	43.32	37.4	34.42	22.48	13.45
Revenue Growth (YoY)	25.80%	15.84%	8.66%	53.07%	67.14%	42.56%
Salaries and Employee Benefits	10.57	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	7.97	7.69	7.15	4.44	2.78	1.78
Total Non-Interest Expense	19.62	18.79	16.14	12.43	7.81	5.78
EBT Excluding Unusual Items	29.2	24.54	21.26	21.99	14.68	7.67
Pretax Income	29.2	24.54	21.26	21.99	14.68	7.67
Income Tax Expense	7.84	6.5	4.61	3.82	3.59	1.74
Net Income	21.36	18.04	16.66	18.17	11.09	5.93
Net Income to Common	21.36	18.04	16.66	18.17	11.09	5.93
Net Income Growth	36.15%	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)	0.88%	-	0.54%	-0.47%	2.38%	0.78%
EPS (Basic)	4.97	4.19	3.87	4.25	2.58	1.42
EPS (Diluted)	4.97	4.19	3.87	4.25	2.58	1.41
EPS Growth	35.09%	8.28%	-8.81%	64.65%	82.98%	63.95%
Effective Tax Rate	26.85%	26.50%	21.67%	17.37%	24.43%	22.67%

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