Solera National Bancorp
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
1 Year Returns
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.
Value
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Solera National Bancorp.
| 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.
| 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.
| 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 |
| 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
Current Discount Checks
- 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?
| 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.
| 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?
| 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?
| 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 |
| 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.
Value checks
We assess Solera National Bancorp's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check) 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
- 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!
Earnings growth vs Low Risk Savings
- 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
| 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
| 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 |
| 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.
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.
| 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.
Future performance checks
We assess Solera National Bancorp's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
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
Past Earnings growth analysis
- 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
All data from Solera National Bancorp Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| 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.
Past performance checks
We assess Solera National Bancorp's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
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
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.
Balance sheet
Assets
Liabilities and shares
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.
All data from Solera National Bancorp Company Filings, last reported 1 month ago.
| 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.
- 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%).
Financial health checks
We assess Solera National Bancorp's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Solera National Bancorp has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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
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
- 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.
| 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.
Income/ dividend checks
We assess Solera National Bancorp's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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
CEO
| 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
President
$162K
54
3.8 yrs
Melissa Larkin
Executive VP
$162K
40
5.1 yrs
Peter Lindquist
Executive VP & Chief Credit Officer of Solera National Bank
$160K
56
Scott Hovey
Senior Vice President of Commercial Lending
Board of Directors Tenure
Average tenure and age of the Solera National Bancorp board of directors in years:
- The tenure for the Solera National Bancorp board of directors is about average.
Board of Directors
Mike Quagliano
Chairman of the Board
57
Marty May
President
$162K
54
3.8 yrs
Melissa Larkin
Executive VP
$162K
40
2.2 yrs
Richie Thorne
Director
52
1.7 yrs
Bob Fenton
Director
$128K
62
5.1 yrs
Rene Morin
Director
65
5.1 yrs
Al Weel
Director
60
4.1 yrs
Phil Randell
Director
63
2.9 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Solera National Bancorp's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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.
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
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.
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