In millions, except per share items | Dec-31-09 | Dec-31-08 | Dec-31-07 | Dec-31-06 | Dec-31-05 | Dec-31-04 | Dec-31-03 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | S-1/A |
Interest income on loans | 84.2 | 66.4 | 54.7 | 56.2 | 57.6 | 56.1 | 57.4 |
Total interest income | 84.2 | 66.4 | 54.7 | 56.2 | 57.6 | 56.1 | 61.5 |
Interest expense: |
Interest on deposits | 34.4 | 35.5 | 37.1 | 28.9 | 21.0 | 16.1 | 17.9 |
Interest on borrowings | 14.1 | 10.3 | 4.0 | 2.4 | 2.4 | 2.2 | 1.7 |
| 48.4 | 45.9 | 41.1 | 31.3 | 23.3 | 18.3 | 19.6 |
Net interest income | 59.0 | 51.1 | 43.1 | 41.3 | 41.1 | 41.1 | 41.9 |
Provision for loan losses | 7.7 | 6.2 | 3.3 | 2.6 | 6.1 | 6.2 | 8.0 |
Net interest income after provision for loan losses | 51.4 | 44.9 | 39.8 | 38.8 | 35.0 | 34.9 | 33.9 |
Deposit and loan fees | 18.9 | 19.8 | 22.4 | 20.6 | 20.4 | 21.7 | 16.9 |
Gain on sale of investments, net | 19.0 | 9.4 | 1.3 | | | | |
Other non-interest income | 0.5 | 1.1 | 0.5 | | | | 5.2 |
Total non-interest income | 38.4 | 30.3 | 24.1 | 22.4 | 21.8 | 21.7 | 22.2 |
Non-interest expenses | | | | | | | 46.1 |
Pre-tax income before non-recurring items | 4.9 | -5.6 | 8.0 | 6.1 | 2.7 | 9.0 | 9.9 |
Non-recurring items | 1.2 | 0.0 | 0.2 | | | | |
Pre-tax income | 3.6 | -5.6 | 7.8 | 6.1 | 2.7 | 9.0 | 9.9 |
Income taxes | 1.0 | -2.3 | 2.7 | -3.6 | 0.0 | 0.0 | 0.0 |
Tax rate | 26.4% | 40.7% | 35.1% | | 0.0% | 0.0% | 0.0% |
Net income | 2.7 | -3.3 | 5.1 | 9.7 | 2.7 | 9.0 | 9.9 |
Net margin | 3.0% | -4.4% | 7.9% | 15.8% | 4.8% | 15.9% | 17.7% |
|
Basic EPS | $0.11 | ($0.14) | $0.20 | $0.08 | | | |
Diluted EPS | $0.11 | ($0.14) | $0.20 | $0.08 | | | |
|
Shares outstanding (basic) | 24.3 | 23.7 | 25.3 | 119.6 | | | |
Shares outstanding (diluted) | 24.3 | 23.7 | 25.3 | 119.6 | | | |
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EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |