In millions, except per share items | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 | Dec-31-07 | Dec-31-06 | Dec-31-05 | Dec-31-04 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Interest income: |
Interest income on loans | 67.2 | 73.1 | 75.6 | | | | | 44.4 |
Interest income on investments | 13.2 | 10.7 | 10.1 | | | | | |
| 80.5 | 84.1 | 85.9 | 108.1 | 104.0 | | | 50.9 |
Interest expense: |
Interest on deposits | 15.5 | 20.4 | 28.0 | 40.0 | 44.0 | | | 10.0 |
Interest on borrowings | 1.0 | 1.0 | 1.0 | 0.1 | 0.1 | | | 0.3 |
| 18.3 | 23.7 | 32.1 | 40.1 | 44.1 | | | 11.9 |
Net interest income | 62.2 | 60.4 | 53.9 | 60.9 | 53.8 | | | 39.0 |
Provision for loan losses | 32.1 | 12.3 | 37.4 | | | | | 3.9 |
Net interest income after provision for loan losses | 30.1 | 48.1 | 16.5 | 60.9 | 53.8 | | | 35.1 |
Deposit and loan fees | 6.2 | 7.2 | 9.2 | 11.1 | 7.0 | | | 4.4 |
Gain on sale of investments, net | 1.8 | 2.4 | 2.3 | 0.2 | 0.0 | | | 0.6 |
Other non-interest income | 12.4 | 10.8 | 11.8 | 11.5 | 8.2 | | | 5.5 |
Total non-interest income | 20.4 | 20.4 | 23.3 | 22.7 | 15.2 | | | 10.5 |
Non-interest expenses | 91.0 | 63.7 | 176.1 | 67.4 | 48.3 | | | 31.8 |
Pre-tax income before non-recurring items | -39.5 | 6.8 | -37.0 | -0.2 | 8.2 | 19.6 | 20.0 | 13.8 |
Non-recurring items | 1.0 | 2.0 | 99.3 | -1.1 | | | | |
Pre-tax income | -40.5 | 4.8 | -136.3 | 1.0 | 8.2 | 19.6 | 20.0 | 13.8 |
Income taxes | 7.4 | 0.9 | -15.0 | -0.3 | 2.0 | 6.3 | 7.9 | 3.9 |
Tax rate | | 19.3% | 11.0% | | 24.5% | 32.2% | 39.5% | 28.2% |
Earnings from continuing ops | -50.9 | 0.8 | -124.3 | 0.0 | 0.0 | 13.3 | 13.3 | 9.9 |
Earnings from discontinued ops | | | | | | | | 11.3 |
Net income | -50.9 | 0.8 | -124.3 | 0.0 | 0.0 | 13.3 | 15.1 | 21.2 |
Net margin | -100.8% | 1.2% | -312.4% | 0.0% | 0.0% | 6.0% | 8.5% | 46.5% |
|
Basic EPS | ($2.85) | $0.05 | ($7.06) | $0.07 | $0.49 | $1.19 | $1.20 | $0.90 |
Diluted EPS | ($2.85) | $0.05 | ($7.06) | $0.06 | $0.49 | $1.17 | $1.19 | $0.90 |
|
Shares outstanding (basic) | 17.9 | 17.6 | 17.6 | 0.0 | 0.0 | 11.2 | 11.1 | 11.0 |
Shares outstanding (diluted) | 17.9 | 17.7 | 17.6 | 0.0 | 0.0 | 11.3 | 11.2 | 11.1 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |