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 | 12.2 | 11.3 | 10.6 | 9.2 | 8.7 | 10.4 |
Interest income on investments | 0.6 | 0.6 | 0.6 | 0.4 | 0.3 | 0.3 |
Interest income on repurchase agreements | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| 12.8 | 11.9 | 11.2 | 9.6 | 9.0 | 10.7 |
Interest expense: |
Interest on deposits | 1.9 | 1.1 | 0.8 | 0.6 | 0.9 | 1.5 |
Interest on borrowings | 0.5 | 0.6 | 0.5 | 0.5 | 0.8 | 0.9 |
| 2.5 | 1.7 | 1.4 | 1.2 | 1.7 | 2.4 |
Net interest income | 10.3 | 10.2 | 9.7 | 8.5 | 7.4 | 8.3 |
Provision for loan losses | 0.2 | 0.2 | 0.1 | 0.7 | 0.2 | 0.9 |
Net interest income after provision for loan losses | 10.1 | 10.0 | 9.6 | 7.8 | 7.2 | 7.3 |
Deposit and loan fees | 0.7 | 0.7 | 0.7 | 0.7 | 0.6 | 0.5 |
Other non-interest income | 0.3 | 0.5 | 0.4 | 1.0 | 1.5 | 0.5 |
Total non-interest income | 1.0 | 1.2 | 1.1 | 1.7 | 2.0 | 1.0 |
Non-interest expenses | 10.5 | 8.7 | 8.4 | 8.3 | 7.7 | 6.7 |
Pre-tax income before non-recurring items | 1.1 | 2.3 | 2.3 | 1.2 | 1.5 | 1.6 |
Non-recurring items | 0.5 | -0.1 | | | | |
Pre-tax income | 0.6 | 2.4 | 2.3 | 1.2 | 1.5 | 1.6 |
Income taxes | 0.4 | 0.9 | 0.9 | 0.4 | 0.6 | 0.6 |
Tax rate | 68.2% | 38.0% | 36.5% | 36.4% | 37.1% | 36.6% |
Net income | 0.2 | 1.5 | 1.5 | 0.7 | 0.9 | 1.0 |
Net margin | 1.7% | 13.6% | 13.8% | 7.8% | 10.3% | 12.1% |
|
Basic EPS | $0.11 | $0.87 | $0.85 | $0.41 | $0.51 | $0.53 |
Diluted EPS | $0.11 | $0.86 | $0.85 | $0.41 | $0.51 | $0.53 |
|
Shares outstanding (basic) | 1.8 | 1.7 | 1.7 | 1.8 | 1.9 | 1.9 |
Shares outstanding (diluted) | 1.8 | 1.8 | 1.7 | 1.8 | 1.9 | 1.9 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |