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 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | S-1/A |
Interest income: |
Interest income on loans | 44.4 | 41.4 | 42.2 | 38.3 | 31.3 | 25.4 | 22.9 |
Interest income on investments | 3.8 | 2.2 | 2.1 | 2.7 | 2.4 | 2.5 | |
| 48.6 | 43.7 | 44.4 | 41.0 | 33.7 | 27.9 | 25.6 |
Interest on deposits | 5.6 | 3.6 | 6.7 | 7.0 | 4.2 | 3.1 | |
Total interest expense | 6.8 | 4.3 | 8.0 | 8.7 | 5.3 | 3.3 | |
Net interest income | 41.8 | 39.4 | 36.4 | 32.2 | 28.4 | 24.6 | 22.5 |
Provision for loan losses | 1.4 | -3.7 | 7.1 | 2.5 | 2.1 | 0.9 | 1.2 |
Net interest income after provision for loan losses | 40.4 | 43.1 | 29.2 | 29.8 | 26.3 | 23.7 | 21.3 |
Deposit and loan fees | | | | | | | 2.3 |
Other non-interest income | 5.9 | 7.4 | 8.3 | 5.6 | 5.2 | 8.1 | 4.7 |
Total non-interest income | 5.9 | 7.4 | 8.3 | 5.6 | 5.2 | 8.1 | 7.0 |
Non-interest expenses | 37.4 | 35.5 | 30.1 | 27.9 | 26.1 | 25.1 | 24.3 |
Pre-tax income before non-recurring items | 8.9 | 15.0 | 7.5 | 7.5 | 5.5 | 8.0 | 4.0 |
Non-recurring items | 0.0 | 0.0 | 0.0 | | 0.1 | 1.4 | |
Pre-tax income | 8.9 | 15.0 | 7.5 | 7.5 | 5.4 | 6.6 | 4.0 |
Income taxes | 1.9 | 3.4 | 1.6 | 1.5 | 1.0 | 3.6 | 1.3 |
Tax rate | 21.3% | 22.9% | 20.9% | 20.4% | 18.9% | 54.5% | 32.9% |
Net income | 7.0 | 11.6 | 5.9 | 6.0 | 4.4 | 3.0 | 2.7 |
Net margin | 15.1% | 22.9% | 15.8% | 16.8% | 13.8% | 9.5% | 9.5% |
|
Basic EPS | $0.65 | $1.07 | $0.55 | $0.56 | | | |
Diluted EPS | $0.64 | $1.06 | $0.55 | $0.56 | | | |
|
Shares outstanding (basic) | 10.8 | 10.8 | 10.7 | 10.7 | | | |
Shares outstanding (diluted) | 11.0 | 11.0 | 10.7 | 10.7 | | | |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |