| In millions, except per share items | Dec-31-21 | Dec-31-20 |
| | 10-K | 10-K |
| Interest income: |
| Interest income on loans | 53.1 | 48.6 |
| Interest income on investments | 1.7 | 1.4 |
| | 54.8 | 50.0 |
| Interest expense: |
| Interest on deposits | 3.3 | 7.4 |
| Interest on borrowings | 0.0 | 0.0 |
| | 13.4 | 24.5 |
| Net interest income | 49.9 | 41.7 |
| Provision for loan losses | 1.3 | 3.1 |
| Net interest income after provision for loan losses | 48.6 | 38.6 |
| Deposit and loan fees | 1.2 | 1.0 |
| Other non-interest income | 2.6 | 1.6 |
| Total non-interest income | 3.8 | 2.6 |
| Non-interest expenses | 31.1 | 30.0 |
| Pre-tax income before non-recurring items | 21.3 | 11.5 |
| Non-recurring items | 0.0 | 0.4 |
| Pre-tax income | 21.3 | 11.1 |
| Income taxes | 5.2 | 2.5 |
| Tax rate | 24.3% | 22.4% |
| Net income | 16.0 | 8.5 |
| Net margin | 30.5% | 20.8% |
| |
| Basic EPS | $3.10 | $1.64 |
| Diluted EPS | $3.02 | $1.62 |
| |
| Shares outstanding (basic) | 5.2 | 5.2 |
| Shares outstanding (diluted) | 5.3 | 5.3 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |