In millions, except per share items | Jun-30-23 | Dec-31-22 | Jun-30-22 | Dec-31-21 | Jun-30-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 |
| 8-K | 10-K | 8-K | 10-K | 8-K | 10-K | 10-K | 10-K |
Interest income: |
Interest income on loans | | 115.4 | | 91.8 | | 89.2 | 96.2 | 86.2 |
Interest income on investments | | 4.5 | | 3.4 | | 4.2 | | |
| 89.2 | 121.4 | 51.3 | 96.0 | 48.4 | 94.2 | 102.0 | 91.3 |
Interest on deposits | | 13.2 | | 3.6 | | 8.9 | 23.0 | 15.5 |
Total interest expense | 34.8 | 22.9 | 6.2 | 11.3 | 5.9 | 17.1 | 32.2 | 23.9 |
Net interest income | 54.5 | 98.4 | 45.1 | 84.7 | 42.5 | 77.1 | 69.9 | 67.3 |
Provision for loan losses | | -3.9 | | -5.8 | -3.0 | 16.8 | 2.1 | 5.5 |
Net interest income after provision for loan losses | 54.5 | 102.3 | 45.1 | 90.5 | 45.5 | 60.3 | 67.8 | 61.9 |
Deposit and loan fees | 1.7 | 3.0 | 1.3 | 2.5 | 1.1 | 1.8 | 1.8 | 1.8 |
Gain on sale of investments, net | | | | | 0.0 | | 0.0 | 0.0 |
Other non-interest income | 14.1 | 26.4 | 12.9 | 25.6 | 12.4 | 25.1 | 21.7 | 16.4 |
Total non-interest income | 15.8 | 29.4 | 14.3 | 28.1 | 13.5 | 26.9 | 23.4 | 18.2 |
Non-interest expenses | 43.8 | 79.5 | 38.3 | 71.5 | 35.5 | 68.9 | 66.7 | 62.4 |
Pre-tax income before non-recurring items | 21.7 | 52.2 | 24.1 | 47.0 | 21.3 | 18.3 | 24.5 | 17.7 |
Non-recurring items | -0.9 | | -1.5 | | -2.3 | | | |
Pre-tax income | 22.6 | 52.2 | 25.6 | 47.0 | 23.5 | 18.3 | 24.5 | 17.7 |
Income taxes | 5.3 | 11.4 | 5.8 | 11.3 | 5.6 | 1.3 | 1.2 | 1.4 |
Tax rate | 23.5% | 21.8% | 22.5% | 24.0% | 23.7% | 7.2% | 4.8% | 7.7% |
Net income | 16.9 | 40.2 | 19.6 | 35.8 | 18.0 | 17.0 | 23.3 | 16.3 |
Net margin | 24.0% | 30.5% | 33.1% | 30.2% | 30.4% | 19.5% | 25.6% | 20.4% |
|
Basic EPS | $2.07 | $4.88 | $2.38 | $4.30 | $2.14 | $2.02 | $2.74 | $1.89 |
Diluted EPS | $2.07 | $4.88 | $2.38 | $4.30 | $2.14 | $2.02 | $2.74 | $1.89 |
|
Shares outstanding (basic) | 8.1 | 8.2 | 8.2 | 8.3 | 8.4 | 8.4 | 8.5 | 8.6 |
Shares outstanding (diluted) | 8.1 | 8.2 | 8.2 | 8.3 | 8.4 | 8.4 | 8.5 | 8.6 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |