| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 |
| | 10-K | 10-K | 10-K | S-1/A |
| Interest income: |
| Interest income on loans | 111.8 | 78.9 | 71.4 | 58.3 |
| Interest income on investments | 2.4 | 2.1 | 1.8 | |
| | 117.9 | 81.6 | 74.4 | 58.3 |
| Interest expense: |
| Interest on deposits | 10.9 | 2.2 | 7.4 | |
| Interest on borrowings | 0.2 | | | |
| | 40.6 | 10.1 | 25.8 | 10.0 |
| Net interest income | 103.1 | 77.6 | 65.2 | 53.0 |
| Provision for loan losses | 6.7 | 1.7 | 9.0 | 5.5 |
| Net interest income after provision for loan losses | 96.4 | 75.9 | 56.2 | 47.5 |
| Deposit and loan fees | 0.5 | 0.4 | 0.4 | 0.5 |
| Gain on sale of investments, net | 0.0 | 0.7 | 1.4 | |
| Other non-interest income | 6.7 | 6.1 | 7.5 | |
| Total non-interest income | 7.2 | 7.3 | 9.3 | 0.5 |
| Non-interest expenses | 40.7 | 36.0 | 28.3 | |
| Pre-tax income before non-recurring items | 62.9 | 47.1 | 37.3 | 26.5 |
| Non-recurring items | | | | -3.8 |
| Pre-tax income | 62.9 | 47.1 | 37.3 | 30.4 |
| Income taxes | 18.1 | 4.7 | 1.3 | 1.1 |
| Tax rate | 28.7% | 10.0% | 3.6% | 3.5% |
| Net income | 44.8 | 42.4 | 35.9 | 29.3 |
| Net margin | 43.3% | 51.0% | 54.8% | 61.0% |
| |
| Basic EPS | $2.62 | $2.83 | $3.57 | $3.40 |
| Diluted EPS | $2.61 | $2.83 | $3.57 | $3.40 |
| |
| Shares outstanding (basic) | 17.1 | 15.0 | 10.1 | 8.6 |
| Shares outstanding (diluted) | 17.2 | 15.0 | 10.1 | 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. |