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 | Dec-31-15 |
| 8-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Interest income: |
Interest income on loans | | 71.2 | 79.0 | 63.7 | 59.6 | 47.5 | 36.3 | 35.1 |
Interest income on investments | | 6.0 | 5.4 | 4.3 | 4.0 | 3.8 | 3.8 | 4.0 |
| 87.0 | 78.2 | 85.3 | 69.6 | 64.5 | 51.8 | 40.5 | 39.5 |
Interest expense: |
Interest on deposits | | 5.0 | 10.3 | 8.1 | 5.3 | 3.5 | 2.4 | 2.1 |
Interest on borrowings | | 1.9 | 1.8 | 1.9 | 2.1 | 1.8 | 1.5 | 1.7 |
| 3.6 | 6.9 | 12.2 | 10.1 | 7.4 | 5.4 | 3.9 | 3.9 |
Net interest income | 83.4 | 71.2 | 73.1 | 59.4 | 57.1 | 46.4 | 36.6 | 35.6 |
Provision for loan losses | | | | 0.6 | 1.6 | | | |
Net interest income after provision for loan losses | 83.4 | 71.2 | 73.1 | 58.8 | 55.5 | 46.4 | 36.6 | 35.6 |
Deposit and loan fees | | | | | | | 2.4 | 2.3 |
Gain on sale of investments, net | | | | | | | 0.0 | 0.3 |
Other non-interest income | 21.8 | 22.8 | 20.1 | 18.2 | 15.9 | 14.1 | 10.8 | 9.8 |
Total non-interest income | 21.8 | 22.8 | 20.1 | 18.2 | 15.9 | 14.1 | 13.2 | 12.4 |
Non-interest expenses | | 59.0 | 61.3 | 47.6 | 44.7 | 44.1 | 35.1 | 33.2 |
Pre-tax income before non-recurring items | 45.0 | 35.0 | 28.7 | 30.1 | 26.7 | 21.2 | 15.6 | 14.8 |
Non-recurring items | | | 6.0 | 0.8 | | 4.7 | 0.9 | |
Pre-tax income | 45.0 | 35.0 | 22.7 | 29.4 | 26.7 | 16.4 | 14.6 | 14.8 |
Income taxes | 9.2 | 7.2 | 4.3 | 5.6 | 5.0 | 6.6 | 3.8 | 3.8 |
Tax rate | 20.5% | 20.5% | 19.0% | 19.2% | 18.6% | 40.4% | 25.7% | 25.4% |
Net income | 35.8 | 27.8 | 18.4 | 23.7 | 21.7 | 9.8 | 10.9 | 11.0 |
Net margin | 34.0% | 27.8% | 18.5% | 30.8% | 30.4% | 16.2% | 21.8% | 22.9% |
|
Basic EPS | $4.15 | $3.19 | $2.13 | $3.36 | $3.09 | $1.50 | $1.80 | $1.83 |
Diluted EPS | $4.15 | $3.19 | $2.13 | $3.36 | $3.09 | $1.50 | $1.80 | $1.83 |
|
Shares outstanding (basic) | 8.6 | 8.7 | 8.6 | 7.1 | 7.0 | 6.5 | 6.1 | 6.0 |
Shares outstanding (diluted) | 8.6 | 8.7 | 8.6 | 7.1 | 7.0 | 6.5 | 6.1 | 6.0 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |