Performance Highlights    --  Strong Loan Production: The loan portfolio grew 84% to $39.3 million       at June 30, 2009 compared to $21.4 million at December 31, 2008.        Compared to June 30, 2008, the loan portfolio grew $27.8 million, or       242%.   --  Credit Quality Remains Strong:  Solera National Bank continues to have       no non-performing assets and has not experienced net credit losses       since opening in September 2007.  The Bank has an allowance for loan       losses at 1.32% of gross loans as of June 30, 2009.   --  Customer Deposits: Customer deposits grew 76% to $66.3 million at June       30, 2009 compared to $37.7 million at December 31, 2008 and were up       260% from $18.4 million at June 30, 2008.   --  Number of Accounts: The number of loan and deposit accounts grew 138%       to 1,279 accounts at June 30, 2009 from 538 accounts as of June 30,       2008.   --  Revenue Growth / Margin Expansion:  Net Interest and Dividend Income       increased 89% to $667,000 in second quarter 2009 compared with       $352,000 in second quarter 2008.  Net interest margin increased 15       basis points from the previous quarter to 3.08%.    --  Continued Capital Strength: Solera National Bank substantially       exceeded the regulatory requirements of a well-capitalized bank with a       Tier 1 Leverage Capital Ratio of 16.9% and a Total Risk-Based Capital       Ratio of 26.9% at June 30, 2009.    

Solera National Bancorp, Inc. (BULLETIN BOARD: SLRK) , the holding company for Solera National Bank, reported second quarter 2009 financial results which reflect continued strong customer acquisition and balance sheet growth. The Company reported a net loss of $523,000 or ($0.20) per share compared with a net loss of $533,000 or ($0.21) per share a year ago. The Bank has steadily been narrowing losses as it moves toward profitability. The results were negatively impacted by a $41,000 one-time FDIC assessment to build insurance reserves.

During the second quarter 2009, total interest and dividend income was $1.13 million, the best in the Company's history, growing 127% over the second quarter 2008. Interest and fee income on loans was $469,000, also the highest in the Bank's history, growing 233% over the second quarter 2008.

"We capitalized on our strength as a relationship bank, winning market share as businesses, professionals and individuals continue to seek a personalized, service-oriented approach to fulfilling their banking needs," said President and CEO Douglas Crichfield. "We were very encouraged by the significant growth in interest income and strong core deposit growth, which is contributing to lower cost of funds and meaningful net interest margin expansion."

The Company recorded net interest and dividend income of $667,000 in second quarter 2009, 26% higher than the prior quarter and 89% higher than second quarter 2008. The Company generated noninterest income of $101,000 in second quarter 2009, compared with $150,000 and $22,000, respectively, in first quarter 2009 and second quarter 2008. Noninterest expense in the second quarter totaled $1.16 million, and remained relatively flat compared with the two previous quarters.

"This is exactly the kind of growth one would hope to see at a young bank, but it was exceptionally gratifying to register this performance in a difficult economy," said Crichfield. "We believe our continuing success underscores the strength of our service and our particular ability to serve Denver's growing Hispanic market and business community."

The Company reported record total assets of $96.4 million at the close of the second quarter 2009, compared with $48.6 million in second quarter 2008 and a $9.0 million increase from March 31, 2009. Loans of $39.3 million increased $8.2 million over the trailing quarter.

At the end of the second quarter of 2009, the Company had no non-performing assets. To reflect growth in Solera's loan portfolio and show regard for the soft economic conditions, the Company increased its allowance for loan losses by $134,500 from the trailing quarter to $520,000, representing 1.32% of gross loans. "We had another strong quarter, growing our loan portfolio 27% while increasing customer deposits 19%," remarked Robert J. Fenton, Executive Vice President and Chief Financial Officer. "We generated solid growth in savings and money market account balances during the quarter - balances that should be relatively sticky over the long-term. Additionally, net interest margin increased by 15 basis points during the quarter and is forecasted to widen further over the balance of the year."

Customer deposits totaled $66.3 million at the end of the second quarter, an increase of $10.8 million and $47.8 million compared to first quarter 2009 and second quarter 2008, respectively.