In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 |
| 10-K | 10-K | 10-K | 10-K | S-1/A |
Interest income: |
Interest income on loans | 10.3 | 9.8 | 10.0 | 9.2 | 7.8 |
Interest income on investments | 1.0 | 1.2 | 1.2 | 1.3 | 1.1 |
| 11.4 | 11.1 | 11.2 | 10.6 | 9.0 |
Interest expense: |
Interest on deposits | 0.9 | 1.4 | 2.4 | 1.7 | |
Interest on borrowings | | | | | 0.2 |
| 1.0 | 1.6 | 2.8 | 2.1 | 1.6 |
Net interest income | 10.4 | 9.5 | 8.4 | 8.5 | 7.4 |
Provision for loan losses | | 0.5 | 0.2 | 0.5 | 0.4 |
Net interest income after provision for loan losses | 10.4 | 9.0 | 8.2 | 8.0 | 7.0 |
Gain on sale of investments, net | | | | | 0.3 |
Other non-interest income | 1.2 | 1.1 | 2.1 | 1.6 | 0.6 |
Total non-interest income | 1.2 | 1.1 | 2.1 | 1.6 | 0.9 |
Non-interest expenses | 9.0 | 7.7 | 7.2 | 7.3 | 7.8 |
Pre-tax income | 2.6 | 2.4 | 2.1 | 1.4 | 0.1 |
Income taxes | 0.6 | 0.6 | 0.5 | 0.3 | 0.3 |
Tax rate | 24.6% | 23.6% | 24.4% | 23.1% | 338.5% |
Net income | 2.0 | 1.8 | 1.6 | 1.1 | -0.2 |
Net margin | 17.1% | 18.1% | 15.0% | 11.0% | -2.4% |
|
Basic EPS | $0.31 | $0.26 | $0.21 | $0.17 | $20.00 |
Diluted EPS | $0.31 | $0.26 | $0.20 | $0.17 | ($0.03) |
|
Shares outstanding (basic) | 6.4 | 7.0 | 7.5 | 6.4 | 0.0 |
Shares outstanding (diluted) | 6.5 | 7.0 | 7.7 | 6.4 | 6.2 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |