Lakewood-based Solera National Bancorp Inc. reported on Thursday its third consecutive quarter of profitable operations.
Solera said its second-quarter net income was $335,000, or $0.12 per share, compared to a net loss of $23,000, or $0.01 per share in the same period a year ago.
“Recording the company’s third consecutive profitable quarter was a rewarding accomplishment, reflecting steady contributions from interest income with sound asset quality and no provision for loan losses in the first half of the year,” said CEO Robert Fenton in a statement.
Fenton cited “significant operational changes in 2014 and a re-focusing on our core capabilities as a business-oriented bank.”
Solera said that for the first six months of 2015, net income was $810,000, or $0.30 per share, compared to a net loss of $392,000, or $0.15 per share, in the first half of 2014.
Solera shareholders last year that resulted in the resignation of most of the company’s directors and
