In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 |
| 10-K | 10-K | 10-K | 10-K/A | 10-K | S-1/A |
Interest income: |
Interest income on loans | 30.9 | 28.4 | 19.9 | 17.2 | 13.9 | 7.1 |
Interest income on investments | 1.9 | 1.0 | 0.8 | 0.8 | 0.8 | |
Interest income on repurchase agreements | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
| 33.4 | 29.4 | 20.9 | 18.3 | 15.0 | 7.7 |
Interest expense: |
Interest on deposits | 4.9 | 2.5 | 4.2 | 5.0 | 3.1 | |
Interest on borrowings | | | | | | 0.6 |
| 5.9 | 3.6 | 5.3 | 6.2 | 4.4 | 1.7 |
Net interest income | 18.8 | 25.8 | 15.6 | 12.1 | 10.6 | 6.0 |
Provision for loan losses | 1.3 | 2.2 | 1.7 | 1.6 | 0.7 | 0.7 |
Net interest income after provision for loan losses | 17.5 | 23.5 | 13.9 | 10.5 | 9.9 | 5.2 |
Total non-interest income | 40.0 | 36.6 | 33.7 | 29.8 | 25.3 | 6.7 |
Non-interest expenses | 2.2 | 38.3 | 33.7 | 30.5 | 24.5 | 9.6 |
Pre-tax income before non-recurring items | 16.6 | 21.8 | 13.9 | 9.8 | 10.6 | 2.1 |
Non-recurring items | | | | | | -0.2 |
Pre-tax income | 16.6 | 21.8 | 13.9 | 9.8 | 10.6 | 2.3 |
Income taxes | -0.5 | 4.8 | 3.0 | 1.9 | 1.0 | 0.4 |
Tax rate | | 22.0% | 21.5% | 19.4% | 9.5% | 17.5% |
Net income | 17.0 | 15.5 | 9.4 | 6.5 | 8.8 | 1.9 |
Net margin | 90.6% | 25.7% | 19.7% | 16.0% | 25.1% | 15.9% |
|
Basic EPS | | $2.28 | $1.43 | $0.98 | $1.34 | $0.29 |
Diluted EPS | | $2.20 | $1.42 | $0.98 | $1.34 | $0.29 |
|
Shares outstanding (basic) | | 6.8 | 6.6 | 6.6 | 6.6 | 6.5 |
Shares outstanding (diluted) | | 7.0 | 6.6 | 6.6 | 6.6 | 6.5 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |