In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Interest income: |
Interest income on loans | 24.8 | 26.6 | 24.8 | 22.0 | 19.9 | 16.4 | 15.6 | 14.8 |
Interest income on investments | 2.2 | 1.1 | 1.0 | 1.1 | 1.1 | 0.8 | 0.4 | 0.6 |
Interest income on repurchase agreements | 0.5 | 0.1 | 0.1 | 0.3 | 0.1 | 0.1 | 0.1 | 0.1 |
| 27.5 | 27.7 | 25.8 | 23.5 | 21.1 | 17.3 | 16.0 | 15.5 |
Interest expense: |
Interest on deposits | 1.1 | 1.6 | 3.1 | 3.9 | 2.8 | 2.4 | 2.4 | 2.5 |
| 1.8 | 2.2 | 4.4 | 5.3 | 3.9 | 2.7 | 2.6 | 2.9 |
Net interest income | 25.7 | 25.5 | 21.4 | 18.2 | 17.2 | 14.6 | 13.4 | 12.6 |
Provision for loan losses | -0.3 | -0.5 | 1.0 | 0.1 | | | | -2.0 |
Net interest income after provision for loan losses | 26.0 | 26.0 | 20.4 | 18.0 | 17.2 | 14.6 | 13.4 | 14.6 |
Gain on sale of investments, net | | | | | | -0.1 | | |
Other non-interest income | 6.6 | 12.3 | 12.2 | 7.9 | 6.2 | 6.7 | 10.9 | 10.1 |
Total non-interest income | 6.6 | 12.3 | 12.2 | 7.9 | 6.2 | 6.6 | 10.9 | 10.1 |
Non-interest expenses | 22.3 | 22.5 | 21.6 | 20.3 | 19.6 | 19.7 | 21.9 | 24.0 |
Pre-tax income before non-recurring items | 10.3 | 15.9 | 11.0 | 5.7 | 3.8 | 1.7 | 3.1 | 3.3 |
Non-recurring items | | | 0.0 | | | | 0.7 | |
Asset impairment | | | | 0.0 | 0.1 | 0.2 | | 2.6 |
Pre-tax income | 10.3 | 15.9 | 11.0 | 5.6 | 3.7 | 1.5 | 2.3 | 0.6 |
Income taxes | 2.0 | 3.4 | 2.5 | 1.2 | 0.7 | 4.6 | -11.2 | 0.0 |
Tax rate | 19.3% | 21.5% | 22.5% | 20.6% | 18.6% | 310.5% | | 0.0% |
Net income | 8.3 | 12.5 | 8.6 | 4.5 | 2.9 | -3.6 | 12.8 | 6.6 |
Net margin | 25.5% | 32.5% | 26.2% | 17.3% | 12.5% | -17.0% | 52.7% | 26.7% |
|
Basic EPS | $5.62 | $8.48 | $5.86 | $3.10 | $2.04 | ($2.55) | $8.99 | $5.65 |
Diluted EPS | $5.62 | $8.48 | $5.86 | $3.10 | $2.04 | ($2.55) | $8.99 | $5.49 |
|
Shares outstanding (basic) | 1.5 | 1.5 | 1.5 | 1.4 | 1.4 | 1.4 | 1.4 | 1.2 |
Shares outstanding (diluted) | 1.5 | 1.5 | 1.5 | 1.4 | 1.4 | 1.4 | 1.4 | 1.2 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |