In millions, except per share items | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Interest income: |
Interest income on loans | 68.9 | 59.3 | 51.6 | 44.3 | 26.6 | 22.8 |
Interest income on investments | 4.4 | 3.3 | 3.0 | 2.2 | 1.4 | 1.6 |
| 73.8 | 63.2 | 55.1 | 46.8 | 28.2 | 24.4 |
Interest on deposits | 8.7 | 6.4 | 5.4 | 4.8 | 4.1 | 4.1 |
Total interest expense | 12.5 | 9.2 | 7.2 | 6.1 | 4.9 | 5.0 |
Net interest income | 61.4 | 54.0 | 47.9 | 40.7 | 23.3 | 19.4 |
Provision for loan losses | 3.9 | 3.6 | 3.0 | 4.8 | 3.2 | 2.3 |
Net interest income after provision for loan losses | 57.5 | 50.4 | 44.9 | 35.9 | 20.0 | 17.1 |
Deposit and loan fees | 0.3 | 0.4 | 0.5 | 0.5 | 0.5 | 0.5 |
Gain on sale of investments, net | 1.3 | 0.0 | 0.2 | -1.5 | | 0.0 |
Other non-interest income | 25.9 | 7.4 | 1.4 | 2.1 | 3.1 | 0.7 |
Total non-interest income | 27.5 | 7.9 | 2.0 | 1.1 | 3.5 | 1.2 |
Non-interest expenses | 56.9 | 39.6 | 33.1 | 28.1 | 20.2 | 13.8 |
Pre-tax income before non-recurring items | 28.2 | 19.3 | 14.0 | 9.0 | 8.3 | 4.4 |
Non-recurring items | 0.0 | 0.5 | 0.2 | 0.0 | 4.9 | |
Pre-tax income | 28.1 | 18.7 | 13.8 | 9.0 | 3.4 | 4.4 |
Income taxes | 10.1 | 6.5 | 4.4 | 2.6 | 1.2 | 1.8 |
Tax rate | 36.0% | 34.5% | 31.6% | 29.3% | 34.4% | 40.8% |
Net income | 18.0 | 12.2 | 9.3 | 6.2 | 2.1 | 1.9 |
Net margin | 21.2% | 20.9% | 19.8% | 16.6% | 8.7% | 10.6% |
|
Basic EPS | $1.40 | $1.15 | $1.09 | $0.77 | $0.57 | $0.67 |
Diluted EPS | $1.37 | $1.13 | $1.06 | $0.76 | $0.56 | $0.65 |
|
Shares outstanding (basic) | 12.9 | 10.6 | 8.5 | 8.0 | 3.6 | 2.9 |
Shares outstanding (diluted) | 13.1 | 10.8 | 8.7 | 8.1 | 3.7 | 3.0 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |