| In millions, except per share items | Dec-31-20 | Dec-31-19 | Dec-31-18 |
| | 10-K | 10-K | 10-K |
| Interest income: |
| Interest income on loans | 52.8 | 37.0 | 31.4 |
| Interest income on investments | 2.6 | 1.5 | 1.2 |
| Interest income on repurchase agreements | 0.1 | 0.2 | 0.1 |
| | 55.5 | 38.6 | 32.7 |
| Interest expense: |
| Interest on deposits | 9.4 | 6.4 | 3.8 |
| | 33.9 | 23.0 | 14.5 |
| Net interest income | 43.9 | 31.1 | 27.8 |
| Provision for loan losses | 6.9 | 1.4 | 1.2 |
| Net interest income after provision for loan losses | 37.0 | 29.7 | 26.6 |
| Deposit and loan fees | 0.8 | 1.2 | 1.3 |
| Other non-interest income | 7.6 | 2.7 | 2.2 |
| Total non-interest income | 8.5 | 3.9 | 3.5 |
| Non-interest expenses | 37.4 | 25.0 | 22.3 |
| Pre-tax income before non-recurring items | 8.6 | 9.7 | 8.1 |
| Non-recurring items | 0.5 | 1.2 | 0.3 |
| Pre-tax income | 8.0 | 8.5 | 7.8 |
| Income taxes | 1.7 | 2.6 | 2.4 |
| Tax rate | 21.4% | 30.9% | 30.1% |
| Minority interest | 0.7 | 0.0 | |
| Net income | 5.7 | 5.9 | 5.5 |
| Net margin | 12.5% | 17.5% | 18.2% |
| |
| Basic EPS | $0.32 | $0.54 | $0.57 |
| Diluted EPS | $0.32 | $0.54 | $0.57 |
| |
| Shares outstanding (basic) | 17.8 | 10.9 | 9.7 |
| Shares outstanding (diluted) | 17.8 | 10.9 | 9.7 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |