INTERVEST BANCSHARES CORP (IBCA) [Rocket]

In millions, except per share items	Dec-31-14	Dec-31-13	Dec-31-12	Dec-31-11	Dec-31-10	Dec-31-09	Dec-31-08	Dec-31-07
	8-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Interest income:
Interest income on loans		59.1	69.7	81.2	94.7	106.1
Interest income on investments		4.5	7.6	11.6	12.4	17.5
		63.6	77.3	92.8	107.1	123.6	128.5	131.9
Interest expense:
Interest on deposits		25.4	35.8	47.6	59.0	75.5	80.6	78.5
Interest on borrowings		0.0	0.4	0.9	1.6	2.0
		27.1	38.1	50.5	62.7	78.3	80.6	78.5
Net interest income		90.7	115.4	143.4	169.8	201.9	209.1	210.5
Provision for loan losses		-0.6		0.3	101.5	10.9	11.2	3.8
Net interest income after provision for loan losses	0.0	91.3	115.4	143.1	68.3	191.0	198.0	206.7
Gain on sale of investments, net		1.5	-0.6	-0.2	-0.5	-2.3
Other non-interest income	6.1	4.1	6.3	4.0	5.2	2.6	5.0
Total non-interest income	6.1	5.6	5.7	3.8	4.7	0.3	5.0	8.8
Non-interest expenses		6.8	7.7	8.5	38.7	27.1	18.9	12.9
Pre-tax income	31.9	-2.3	-2.4	-2.7	-93.7	4.9	13.2	34.5
Income taxes	14.2	-1.1	-1.1	-1.2	-40.3	1.8	5.9	15.0
Tax rate	44.5%	45.9%	45.9%	45.9%	43.1%	36.7%	44.8%	43.6%
Net income	17.7	13.4	10.4	9.5	-55.0	1.5	0.0	0.0
Net margin	288.7%	13.9%	8.6%	6.5%	-75.3%	0.8%	0.0%	0.0%

Basic EPS	$0.80	$0.61	$0.48	$0.45	($4.95)	$0.18	$0.87	$2.35
Diluted EPS	$0.80	$0.61	$0.48	$0.45	($4.95)	$0.18	$0.87	$2.31

Shares outstanding (basic)	22.0	21.9	21.6	21.1	11.1	8.3	0.0	0.0
Shares outstanding (diluted)	22.0	22.0	21.6	21.1	11.1	8.3	0.0	0.0

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.