Solera National Bancorp, Inc. · OTC:SLRK
Solera National Bancorp — Shareholder Meeting (June 2012)
29 slides from Solera National Bancorp's shareholder meeting presentation, Jun 22, 2012
Slide 1: Solera National Bancorp, Inc. 2012 Annual Meeting
Solera National Bancorp, Inc. 2012 Annual Meeting
Slide 2: Safe Harbor Statement
This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements contained in this release, which are not historical facts and that relate to future plans or projected results of Solera National Bancorp, Inc. (“Company”)
Slide 3: Mission and Vision
Mission and Vision Mission Solera National Bank is committed to providing exceptional value and service to our customers, shareholders, employees and the communities we serve. We are dedicated to delivering high-quality financial products and services that meet the unique needs of small to medium-si
Slide 4: Core Values
Core Values Best Employees — To attract and retain educated, motivated and qualified people who are excited to come to work and fully embrace the mission and vision of Solera National Bank. Satisfied Customers — We achieve satisfaction for our customers and earn their loyalty by adding value to each
Slide 5: Overview
Overview Solera is expanding and moving forward. Loan activity is picking up. Solera came through the recession as a very strong company. We are building on our “Community Spirit.” Best of all, quoted share price is improving. Page 5
Slide 6: Solera is Expanding and Moving Forward
Solera is Expanding and Moving Forward We are adding Residential Mortgage Lending as a major line of business in addition to Small Business Lending. This winter we launched a new residential mortgage loan product to be held in our portfolio. We intend to significantly expand this business line. Page
Slide 7: Loan Activity is Picking Up
Loan Activity is Picking Up Volume of loans booked is increasing and we expect to show growth during the second quarter 2012. Booking Small Business Administration 7(a) loans for the first time this year. Loan portfolio and total asset growth has exceeded the median of our Colorado peers for four of
Slide 8: Peer Group Comparison - Loan Growth
Peer Group Comparison - Loan Growth Data Source: Independent Firm of Banker’s Caddy Page 8 -6 -4 -2 0 2 4 6 8 1q10 2q10 3q10 4q10 1q11 2q11 3q11 4q11 1q12 Solera National Bank Upper Quartile Median Lower Quartile
Slide 9: Peer Group Comparison - Asset Growth
Peer Group Comparison - Asset Growth Data Source: Independent Firm of Banker’s Caddy Page 9 -5 -4 -3 -2 -1 0 1 2 3 4 5 1q10 2q10 3q10 4q10 1q11 2q11 3q11 4q11 1q12 Solera National Bank Upper Quartile Median Lower Quartile
Slide 10: Solera Remains a Very Strong Company Despite the Economic Recession
Solera Remains a Very Strong Company Despite the Economic Recession Extremely well capitalized: Preserved capital without resorting to a dilutive capital raise in a severely depressed market for community bank stocks Ample liquidity Well capitalized and ample liquidity = platform for growth Asset qu
Slide 11: Peer Group Comparison - Core Capital Ratio
Peer Group Comparison - Core Capital Ratio Data Source: Independent Firm of Banker’s Caddy Page 11 8.00 8.50 9.00 9.50 10.00 10.50 11.00 11.50 1q10 2q10 3q10 4q10 1q11 2q11 3q11 4q11 1q12 Solera National Bank Upper Quartile Median Lower Quartile
Slide 12: Peer Group Comparison - Liquid Assets/Total Assets
Peer Group Comparison Liquid Assets/Total Assets Data Source: Independent Firm of Banker’s Caddy Page 12 15.00 25.00 35.00 45.00 55.00 1q10 2q10 3q10 4q10 1q11 2q11 3q11 4q11 1q12 Solera National Bank Upper Quartile Median Lower Quartile
Slide 13: Peer Group Comparison - Nonperforming Assets to Total Assets
Page 13 Peer Group Comparison - Nonperforming Assets to Total Assets Data Source: Independent Firm of Banker’s Caddy 0.00 1.00 2.00 3.00 4.00 5.00 6.00 7.00 1q10 2q10 3q10 4q10 1q11 2q11 3q11 4q11 1q12 Solera National Bank Upper Quartile Median Lower Quartile
Slide 14: Peer Group Comparison - Texas Ratio
Peer Group Comparison - Texas Ratio Data Source: Independent Firm of Banker’s Caddy Page 14 0.00 10.00 20.00 30.00 40.00 50.00 60.00 70.00 1q10 2q10 3q10 4q10 1q11 2q11 3q11 4q11 1q12 Solera National Bank Upper Quartile Median Lower Quartile
Slide 15: Loan Portfolio Mix
Page 15 Loan Portfolio Mix As of March 31, 2012
Slide 16: We are Building on our Community Spirit
We are Building on our “Community Spirit” Launching “Community Spirit” campaign in July. Expands our support of non-profit community and financial literacy programs. Our social media effort, events, and sponsorships help to build community spirit. Page 16
Slide 17: 2012 Community Spirit Campaign
2012 Community Spirit Campaign Cash for Grants Financial Literacy Program Organization Sponsorships /Events/5th Anniversary Products & Services COMMUNITY SPIRIT: What SOLERA is all about – being a part of and giving back to the community. COMMUNITY becomes the spirit of SOLERA. Page 17
Slide 18: Community Support
Page 18 COMMUNITY SUPPORT Extensive support for community based organizations President’s Community Advisory Council Sponsoring financial literacy Banking expertise for non-profits Promoting volunteerism Building reputation Generating community goodwill
Slide 19: Positive Trends
Positive Trends Board and Management took aggressive and decisive action to satisfy all elements of our Consent Order with regulators. The regulatory environment is improving and the number of consent orders being lifted is outpacing new enforcement actions. Our stock price has rebounded from a low
Slide 20: Stock Price Change Solera vs. SNL Index
Page 20 Stock Price Change Solera vs. SNL Index of US Banks with less than $250 Million in Assets Data source: SNL Analytics
Slide 21: 2011 Highlights
2011 Highlights Second consecutive full year of profitability. Total assets increased 4% to $145.4 million. Improvement in asset quality, with a $1.6 million decrease in non-performing assets. Total deposits increased 7%, with noninterest-bearing deposits growing 88% from December 31, 2010. Capital
Slide 22: First Quarter 2012 Highlights
Page 22 First Quarter 2012 Highlights Continued improvement in asset quality, with NPAs at 1.88% of total assets versus 3.24% a year ago. Total deposits increased 4% year-over-year to $119.1 million, with noninterest-bearing demand deposits growing 36% from a year ago. Net interest margin improved 1
Slide 23: Financial Highlights
Financial Highlights Page 23 ($Millions) Quarter 1 2012 FY 2011 FY 2010 FY 2009 FY 2008 Total Assets 146.2 $ 145.4 $ 140.1 $ 132.8 $ 67.7 $ Gross Loans 55.1 $ 55.6 $ 58.9 $ 50.5 $ 21.4 $ Customer Deposits 119.1 $ 119.0 $ 111.0 $ 104.4 $ 37.7 $ Key Growth Drivers
Slide 24: Financial Highlights
Financial Highlights Page 24 ($Millions, except per share data) Quarter 1 2012 FY 2011 FY 2010 FY 2009 FY 2008 Net Interest Income 1.0 $ 4.2 $ 4.2 $ 2.9 $ 1.5 $ Net Earnings/(Loss) - $ 0.2 $ 0.1 $ (1.3) $ (2.2) $ Earnings/(Loss) per Share (0.02) $ 0.09 $ 0.05 $ (0.50) $ (0.87) $ Key Profit and Loss
Slide 25: Deposit Market Share
Page 25 Deposit Market Share Based on the FDIC’s most recent (June 30, 2011) assessment of which banks have the most deposits in our six zip-code area, Solera maintained its fourth position for the second consecutive year. We have gone from 12th amongst our competitors (as of June 30, 2008), to 8th
Slide 26: 3-Mile Radius from Solera Zip Codes
Page 26 3-Mile Radius from Solera Zip Codes* 80204, 80214, 80219, 80223, 80226, 80232 2010 2009 2008 Institution Name $ of Deposits FIRSTBANK OF LAKEWOOD 356,080 26.37% 25.24% 26.66% 24.92% WELLS FARGO BANK NA 223,660 16.57% 16.88% 11.83% 12.76% U S BANK NATIONAL ASSN 120,218 8.90% 8.65% 4.01% 4.29%
Slide 27: Deposit Portfolio Mix
Page 27 Deposit Portfolio Mix As of March 31, 2012
Slide 28: Key Strengths: Investment Highlights
Page 28 Key Strengths: Investment Highlights Compelling value proposition; market value at approximately 60% of March 31, 2012 tangible book value. Well positioned for organic and non-organic growth: Significant capital and liquidity levels; Strong credit metrics. Preservation of capital through rec
Slide 29: The Light of a New Banking Era - Thank you
Page 29 The Light of a New Banking Era® Thank you for your time and interest!
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