In millions, except per share items | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Interest income: |
Interest income on loans | 70.1 | 62.9 | 53.6 | 46.6 | 48.1 | 61.8 | 69.3 | 69.5 |
Interest income on investments | | | | 1.9 | 0.4 | 0.0 | 7.8 | 7.1 |
Interest income on repurchase agreements | 0.4 | 0.1 | 0.2 | 0.6 | | | | |
| 77.7 | 72.8 | 65.1 | 59.7 | 60.4 | 75.4 | 86.3 | 87.0 |
Interest expense: |
Interest on deposits | | | | 1.7 | | | | |
Interest on borrowings | | | | | | 0.7 | | |
| 3.9 | 3.2 | 2.5 | 2.9 | 3.7 | 5.9 | 9.7 | 12.7 |
Net interest income | 73.8 | 69.5 | 62.5 | 56.7 | 56.7 | 69.5 | 76.6 | 74.3 |
Provision for loan losses | -0.5 | 0.6 | 1.0 | 1.3 | 8.5 | 24.9 | 32.1 | 4.3 |
Net interest income after provision for loan losses | 74.3 | 68.9 | 61.5 | 55.5 | 48.2 | 44.6 | 44.5 | 70.1 |
Deposit and loan fees | 2.4 | 3.0 | 3.7 | 3.8 | 3.9 | 3.9 | 4.8 | 5.3 |
Gain on sale of investments, net | 0.6 | 0.3 | 0.0 | 0.4 | -0.2 | 1.6 | 0.4 | 0.4 |
Other non-interest income | 5.4 | 5.2 | 7.2 | 15.3 | 7.2 | 15.3 | 6.1 | 5.4 |
Total non-interest income | 8.5 | 8.6 | 10.9 | 19.5 | 10.9 | 20.9 | 11.3 | 11.1 |
Non-interest expenses | 55.3 | 54.0 | 53.4 | 58.6 | 61.6 | 59.0 | 50.8 | 48.8 |
Pre-tax income before non-recurring items | 29.9 | 25.0 | 19.8 | 21.3 | -0.1 | -2.8 | 5.7 | 32.4 |
Non-recurring items | 2.4 | 1.4 | 0.8 | 4.9 | 2.4 | 1.5 | 0.8 | |
Pre-tax income | 27.5 | 23.6 | 19.0 | 16.4 | -2.5 | -4.3 | 5.0 | 32.4 |
Income taxes | 7.6 | 5.9 | 3.7 | 3.7 | -0.7 | -4.2 | -1.3 | 9.8 |
Tax rate | 27.8% | 25.0% | 19.6% | 22.6% | 29.0% | 98.2% | | 30.4% |
Net income | 19.8 | 17.7 | 15.3 | 12.7 | -1.7 | -0.1 | 6.3 | 22.5 |
Net margin | 24.0% | 22.8% | 21.1% | 17.0% | -3.0% | -0.1% | 11.2% | 27.8% |
|
Basic EPS | $1.67 | $1.50 | $1.32 | $1.10 | ($0.17) | ($0.01) | $0.65 | $2.35 |
Diluted EPS | $1.66 | $1.49 | $1.31 | $1.10 | ($0.17) | ($0.01) | $0.65 | $2.34 |
|
Shares outstanding (basic) | 11.9 | 11.8 | 11.6 | 11.6 | 10.2 | 9.7 | 9.7 | 9.6 |
Shares outstanding (diluted) | 12.0 | 11.8 | 11.7 | 11.6 | 10.2 | 9.7 | 9.7 | 9.6 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |