In millions, except per share items | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 |
| 10-K | 10-K | 10-K | 10-K | S-1/A |
Interest income: |
Interest income on loans | 236.4 | 179.4 | 5.5 | 5.6 | 6.2 |
Interest income on investments | 1.0 | 0.7 | 0.7 | 0.4 | |
| 20.9 | 11.8 | 6.3 | 6.1 | 6.6 |
Interest expense: |
Interest on deposits | 1.4 | 0.7 | 0.3 | 0.4 | |
| 2.0 | 0.8 | 0.3 | 0.4 | |
Net interest income | 18.9 | 11.1 | 6.0 | 5.7 | 6.0 |
Provision for loan losses | 0.4 | | 2.5 | | |
Net interest income after provision for loan losses | 18.6 | 11.1 | 3.5 | 5.7 | 6.0 |
Deposit and loan fees | 1.4 | 0.8 | 0.6 | 0.7 | |
Gain on sale of investments, net | 0.2 | 0.2 | | | |
Other non-interest income | 1.6 | 0.7 | 1.1 | 0.3 | 0.9 |
Total non-interest income | 3.2 | 1.6 | 1.7 | 0.9 | 0.9 |
Non-interest expenses | 21.6 | 17.3 | 8.3 | 6.4 | 7.0 |
Pre-tax income before non-recurring items | 3.7 | -1.1 | -4.1 | 0.2 | -0.1 |
Non-recurring items | 3.5 | | | | |
Pre-tax income | 0.1 | -1.1 | -4.1 | 0.2 | -0.1 |
Income taxes | 0.2 | -0.3 | -1.6 | 0.1 | 0.0 |
Tax rate | 132.1% | 28.6% | 39.2% | 42.7% | 37.3% |
Net income | 0.0 | -0.8 | -2.5 | 0.1 | 0.0 |
Net margin | -0.2% | -751.9% | -47.4% | 2.1% | -0.5% |
|
Basic EPS | ($0.01) | ($198.81) | ($630.00) | | |
Diluted EPS | ($0.01) | ($198.81) | ($630.00) | | |
|
Shares outstanding (basic) | 5.4 | 0.0 | 0.0 | | |
Shares outstanding (diluted) | 5.4 | 0.0 | 0.0 | | |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |