In millions, except per share items | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 | Dec-31-07 |
| 10-K | 10-K | 10-K | 10-K | 10-K |
Interest income: |
Interest income on loans | 6.2 | 6.4 | 7.0 | | |
Interest income on investments | 0.9 | 1.4 | 1.1 | | |
| 8.0 | 8.6 | 9.6 | | |
Interest expense: |
Interest on deposits | 1.9 | 2.5 | 3.4 | | |
Interest on borrowings | 0.9 | 1.2 | | | |
| 1.9 | 2.5 | 5.0 | | |
Net interest income | 9.9 | 11.1 | 4.5 | | |
Provision for loan losses | 0.0 | 0.0 | 0.0 | | |
Net interest income after provision for loan losses | 9.9 | 11.1 | 4.5 | 0.0 | |
Gain on sale of investments, net | 0.1 | 0.2 | | | |
Other non-interest income | 1.2 | 1.1 | | | |
Total non-interest income | 1.4 | 1.3 | | | |
Non-interest expenses | 6.7 | 5.9 | | | |
Pre-tax income | -0.2 | 0.3 | 0.0 | 0.1 | |
Income taxes | -0.1 | 0.0 | 0.0 | 0.0 | |
Tax rate | 61.3% | 17.0% | | 63.8% | |
Net income | -0.1 | 0.2 | 0.1 | 0.0 | |
Net margin | -0.6% | 1.8% | 0.2% | 0.1% | |
|
Basic EPS | ($0.04) | $0.13 | $0.04 | $0.00 | |
Diluted EPS | ($0.04) | $0.13 | $0.04 | $0.00 | |
|
Shares outstanding (basic) | 1.8 | 1.7 | 1.7 | 2.5 | |
Shares outstanding (diluted) | 1.8 | 1.7 | 1.7 | 2.5 | |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |