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Solera National Bancorp

OTCPK:SLRK
Snowflake Description

Flawless balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SLRK
OTCPK
$46M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

Solera National Bancorp, Inc. operates as the bank holding company for Solera National Bank that provides commercial and consumer banking services to small and medium-sized businesses, licensed professionals, and individuals in the United States. The last earnings update was 27 days ago. More info.


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SLRK Share Price and Events
7 Day Returns
0.2%
OTCPK:SLRK
-2.6%
US Banks
-1%
US Market
1 Year Returns
11.2%
OTCPK:SLRK
-14.2%
US Banks
-0.4%
US Market
SLRK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Solera National Bancorp (SLRK) 0.2% 0.8% 4.1% 11.2% 82.4% 145.2%
US Banks -2.6% -5.5% -3.5% -14.2% 32.4% 36.7%
US Market -1% -3.3% 0.4% -0.4% 30.4% 37.1%
1 Year Return vs Industry and Market
  • SLRK outperformed the Banks industry which returned -14.2% over the past year.
  • SLRK outperformed the Market in United States of America which returned -0.4% over the past year.
Price Volatility
SLRK
Industry
5yr Volatility vs Market

Value

 Is Solera National Bancorp undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Solera National Bancorp to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Solera National Bancorp.

OTCPK:SLRK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $8.73 * 9.3%
$0.81
Book Value of Equity per Share Median Book Value from the past 5 years. $8.73
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:SLRK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.57
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.566 (1 + (1- 21%) (8.63%))
0.735
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%)
7.5%

Discounted Cash Flow Calculation for OTCPK:SLRK using Excess Returns Model Model

The calculations below outline how an intrinsic value for Solera National Bancorp is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

OTCPK:SLRK Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (9.3% – 7.5%) * $8.73)
$0.15
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.15 / (7.5% - 2.73%)
$3.21
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $8.73 + $3.21
$11.94
OTCPK:SLRK Discount to Share Price
Calculation Result
Value per share (USD) From above. $11.94
Current discount Discount to share price of $11.40
= -1 x ($11.40 - $11.94) / $11.94
4.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Solera National Bancorp is available for.
Intrinsic value
5%
Share price is $11.4 vs Future cash flow value of $11.94
Current Discount Checks
For Solera National Bancorp to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Solera National Bancorp's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Solera National Bancorp's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Solera National Bancorp's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Solera National Bancorp's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:SLRK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $0.78
OTCPK:SLRK Share Price ** OTCPK (2019-08-16) in USD $11.4
United States of America Banks Industry PE Ratio Median Figure of 597 Publicly-Listed Banks Companies 12.29x
United States of America Market PE Ratio Median Figure of 3,095 Publicly-Listed Companies 17.23x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Solera National Bancorp.

OTCPK:SLRK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OTCPK:SLRK Share Price ÷ EPS (both in USD)

= 11.4 ÷ 0.78

14.69x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Solera National Bancorp is overvalued based on earnings compared to the US Banks industry average.
  • Solera National Bancorp is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Solera National Bancorp's expected growth come at a high price?
Raw Data
OTCPK:SLRK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.69x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
9.7%per year
United States of America Banks Industry PEG Ratio Median Figure of 274 Publicly-Listed Banks Companies 1.12x
United States of America Market PEG Ratio Median Figure of 2,124 Publicly-Listed Companies 1.4x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Solera National Bancorp, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Solera National Bancorp's assets?
Raw Data
OTCPK:SLRK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $9.30
OTCPK:SLRK Share Price * OTCPK (2019-08-16) in USD $11.4
United States of America Banks Industry PB Ratio Median Figure of 600 Publicly-Listed Banks Companies 1.16x
United States of America Market PB Ratio Median Figure of 5,265 Publicly-Listed Companies 1.7x
OTCPK:SLRK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OTCPK:SLRK Share Price ÷ Book Value per Share (both in USD)

= 11.4 ÷ 9.30

1.23x

* Primary Listing of Solera National Bancorp.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Solera National Bancorp is overvalued based on assets compared to the US Banks industry average.
X
Value checks
We assess Solera National Bancorp's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Solera National Bancorp has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Solera National Bancorp expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Solera National Bancorp, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
9.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Solera National Bancorp expected to grow at an attractive rate?
  • Solera National Bancorp's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Solera National Bancorp's earnings growth is positive but not above the United States of America market average.
  • Unable to compare Solera National Bancorp's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:SLRK Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:SLRK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 9.7%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 1.5%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:SLRK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:SLRK Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 8 3
2019-03-31 7 3
2018-12-31 7 3 2
2018-09-30 6 1
2018-06-30 6 1
2018-03-31 5 1
2017-12-31 5 1 1
2017-09-30 5 1 3
2017-06-30 5 3
2017-03-31 5 3
2016-12-31 5 2 3
2016-09-30 5 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Solera National Bancorp's earnings are expected to grow by 9.7% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Solera National Bancorp is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:SLRK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Solera National Bancorp Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:SLRK Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 0.78
2019-03-31 0.68
2018-12-31 0.63
2018-09-30 0.37
2018-06-30 0.29
2018-03-31 0.26
2017-12-31 0.19
2017-09-30 1.05
2017-06-30 1.05
2017-03-31 1.04
2016-12-31 1.15
2016-09-30 0.49

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Solera National Bancorp will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Solera National Bancorp's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Solera National Bancorp has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Solera National Bancorp performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Solera National Bancorp's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Solera National Bancorp has delivered over 20% year on year earnings growth in the past 5 years.
  • Solera National Bancorp's 1-year earnings growth exceeds its 5-year average (263.7% vs 32.8%)
  • Solera National Bancorp's earnings growth has exceeded the US Banks industry average in the past year (263.7% vs 33.2%).
Earnings and Revenue History
Solera National Bancorp's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Solera National Bancorp Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:SLRK Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 8.40 3.13 4.05
2019-03-31 7.39 2.67 3.86
2018-12-31 6.70 2.23 3.74
2018-09-30 6.14 1.21 3.66
2018-06-30 5.63 0.86 3.54
2018-03-31 5.35 0.71 3.40
2017-12-31 5.07 0.51 3.33
2017-09-30 4.83 2.87 3.72
2017-06-30 4.70 2.84 3.78
2017-03-31 4.57 2.87 3.76
2016-12-31 4.70 3.13 3.75
2016-09-30 4.66 1.36 3.28
2016-06-30 5.02 1.74 3.25
2016-03-31 5.06 1.76 3.28
2015-12-31 5.00 1.78 3.20
2015-09-30 5.10 1.86 3.20
2015-06-30 5.03 0.77 4.23
2015-03-31 6.73 0.41 6.28
2014-12-31 7.81 -0.43 8.20
2014-09-30 9.17 -1.47 9.73
2014-06-30 10.60 -1.67 11.29
2014-03-31 11.59 -1.21 11.77
2013-12-31 12.00 -0.66 12.65
2013-09-30 10.77 0.10 10.66
2013-06-30 9.27 0.81 8.41
2013-03-31 6.71 0.50 6.20
2012-12-31 5.11 0.28 4.81
2012-09-30 5.01 0.33 4.66

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Solera National Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Solera National Bancorp used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if Solera National Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Solera National Bancorp's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Solera National Bancorp has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Solera National Bancorp's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Solera National Bancorp's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Solera National Bancorp Company Filings, last reported 1 month ago.

OTCPK:SLRK Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 38.10 4.00 21.07
2019-03-31 36.69 5.50 5.15
2018-12-31 35.48 4.00 6.39
2018-09-30 34.53 5.00 7.83
2018-06-30 33.93 5.00 17.93
2018-03-31 26.98 14.24 3.51
2017-12-31 23.83 12.12 1.55
2017-09-30 24.14 8.36 3.75
2017-06-30 23.78 7.43 2.57
2017-03-31 23.40 4.87 2.57
2016-12-31 23.07 5.82 1.06
2016-09-30 21.49 5.13 1.09
2016-06-30 21.37 4.00 2.69
2016-03-31 20.82 5.00 4.40
2015-12-31 19.84 5.00 3.24
2015-09-30 19.84 5.95 1.76
2015-06-30 19.08 11.35 1.31
2015-03-31 19.26 6.50 7.97
2014-12-31 18.44 6.50 3.69
2014-09-30 17.91 6.50 2.86
2014-06-30 18.28 20.64 1.24
2014-03-31 17.55 17.18 1.43
2013-12-31 16.98 18.31 2.66
2013-09-30 18.26 25.45 2.22
2013-06-30 18.73 25.31 1.58
2013-03-31 20.27 24.63 1.49
2012-12-31 19.94 8.55 3.00
2012-09-30 19.97 8.75 2.30
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Solera National Bancorp has an acceptable proportion of non-loan assets held.
  • Solera National Bancorp's liabilities are made up of primarily low risk sources of funding.
  • Loans at Solera National Bancorp are broadly funded by customer deposits.
  • Solera National Bancorp's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Solera National Bancorp has a sufficient allowance for bad loans.
  • Solera National Bancorp has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Solera National Bancorp's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Solera National Bancorp has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Solera National Bancorp's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Solera National Bancorp dividends.
If you bought $2,000 of Solera National Bancorp shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Solera National Bancorp's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Solera National Bancorp's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:SLRK Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 480 Stocks 3.3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2009 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Solera National Bancorp has not reported any payouts.
  • Unable to verify if Solera National Bancorp's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Solera National Bancorp's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Solera National Bancorp has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Solera National Bancorp's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Solera National Bancorp afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Solera National Bancorp has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Solera National Bancorp's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Marty May
COMPENSATION $161,540
AGE 54
TENURE AS CEO 3.8 years
CEO Bio

Mr. Martin P. May, also known as Marty, has been the Chief Executive Officer and President of Solera National Bancorp, Inc. and Solera National Bank since November 2015. Mr. May has more than twenty years of banking experience, having started his career in California and having worked for the last twelve years in Denver. He served as the President of Cherry Creek at First Western Trust Bank and First Western Financial, Inc., since January 2014 August 2015. He served as Senior Vice President, where he oversaw business strategies and helped develop valuable solutions and experiences for clients at First Western’s Cherry Creek office. Mr. May served as Senior Vice President at Front Range Bank, where he helped it grow core deposits, improve credit quality and achieve stable profitability. He served as Market President of Front Range Bank from March 2011 to December 2013. He also worked at American National Bank as market President where he managed commercial and consumer lending, treasury management and branch operations. He also served in senior executive roles at American National Bank, Colorado Capital Bank, and Commercial Federal Bank. He has been a Director of Solera National Bancorp, Inc., and Solera National Bank since November 2015. Mr. May’s qualifications to serve on the Board include his 27 years of experience in the banking industry, coupled with his extensive experience in leadership positions. He serves as Board Member of the Denver Dumb Friends League and Treasurer on the executive committee of the Denver Sailing Association. Mr. May holds a Bachelor of Science in Applied Economics from the University of California and the University of San Francisco Graduate School of Banking at Colorado.

CEO Compensation
  • Marty's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Marty's remuneration is lower than average for companies of similar size in United States of America.
Management Team

Marty May

TITLE
President
COMPENSATION
$162K
AGE
54
TENURE
3.8 yrs

Melissa Larkin

TITLE
Executive VP
COMPENSATION
$162K
AGE
40
TENURE
5.1 yrs

Peter Lindquist

TITLE
Executive VP & Chief Credit Officer of Solera National Bank
COMPENSATION
$160K
AGE
56

Scott Hovey

TITLE
Senior Vice President of Commercial Lending
Board of Directors Tenure

Average tenure and age of the Solera National Bancorp board of directors in years:

3.8
Average Tenure
58.5
Average Age
  • The tenure for the Solera National Bancorp board of directors is about average.
Board of Directors

Mike Quagliano

TITLE
Chairman of the Board
AGE
57

Marty May

TITLE
President
COMPENSATION
$162K
AGE
54
TENURE
3.8 yrs

Melissa Larkin

TITLE
Executive VP
COMPENSATION
$162K
AGE
40
TENURE
2.2 yrs

Richie Thorne

TITLE
Director
AGE
52
TENURE
1.7 yrs

Bob Fenton

TITLE
Director
COMPENSATION
$128K
AGE
62
TENURE
5.1 yrs

Rene Morin

TITLE
Director
AGE
65
TENURE
5.1 yrs

Al Weel

TITLE
Director
AGE
60
TENURE
4.1 yrs

Phil Randell

TITLE
Director
AGE
63
TENURE
2.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Solera National Bancorp's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Solera National Bancorp has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Solera National Bancorp, Inc. operates as the bank holding company for Solera National Bank that provides commercial and consumer banking services to small and medium-sized businesses, licensed professionals, and individuals in the United States. The company offers deposit products, including checking and savings accounts, and certificates of deposits; and business loan products, such as real estate secured loans, construction loans, small business administration loans, business lines of credit, and equipment financing. It also provides online banking, account analysis, combined account analysis, commercial sweep, remote deposit, ACH origination, payroll direct deposit, merchant, fraud, business debit card, and cash management services. The company was founded in 2006 and is headquartered in Lakewood, Colorado.

Details
Name: Solera National Bancorp, Inc.
SLRK
Exchange: OTCPK
Founded: 2006
$46,325,268
4,063,620
Website: http://www.solerabank.com
Address: Solera National Bancorp, Inc.
319 South Sheridan Boulevard,
Lakewood,
Colorado, 80226,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OTCPK SLRK Common Stock Pink Sheets LLC US USD 02. Oct 2007
Number of employees
Current staff
Staff numbers
0
Solera National Bancorp employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/08/18 00:14
End of day share price update: 2019/08/16 00:00
Last earnings filing: 2019/07/22
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.