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Solera National Bancorp Announces First Quarter 2021 Financial Results Thursday , April 22 , 2021 9:00 AM Earnings Total assets pass $ 500 million milestone LAKEWOOD , CO / ACCESSWIRE / April 22 , 2021 / Solera National Bancorp , Inc. ( OTC PINK : SLRK ) ( " Company " ) , the holding company for Solera National Bank ( " Bank " ) , a business - focused bank located in the Denver metropolitan area , today reported financial results for the three months ended March 31 , 2021 . Highlights for the quarter ended March 31 , 2021 include : • • • . . Pre - tax , pre - provision income remained steady during first quarter 2021 at $ 3.2 million compared to $ 3.3 million for fourth quarter 2020 . Net interest income of $ 4.3 million for first quarter 2021 represents a 61 % increase over the $ 2.7 million earned in first quarter 2020 . Tangible book value per share reached $ 11.40 per share as of March 31 , 2021 compared to $ 10.06 per share as of March 31 , 2020 . The Company's impressive efficiency ratio of 32 % held constant throughout fourth quarter 2020 and first quarter 2021 . Net interest margin declined 25bps from the linked - quarter to 3.79 % for the three months ended March 31 , 2021. A significant portion of the Bank's loan growth for the quarter was Paycheck Protection Program ( PPP ) loans that yield below the Bank's commercial loan portfolio . The Bank funded 518 new PPP loans during the first quarter totaling $ 78.7 million in new originations .