In millions, except per share items | Dec-31-06 | Dec-31-05 | Dec-31-04 | Dec-31-03 |
| 10-K/A | 10-K/A | 10-K/A | 10-K |
Interest income on loans | 42.3 | 34.5 | 29.7 | 28.7 |
Total interest income | 52.2 | 43.2 | 36.5 | 33.8 |
Interest expense: |
Interest on deposits | 18.7 | 12.3 | 9.0 | 9.3 |
Interest on borrowings | 6.0 | 3.9 | 3.2 | 2.3 |
| 24.6 | 16.2 | 12.1 | 11.6 |
Net interest income | 143.8 | 110.2 | 90.5 | 85.7 |
Provision for loan losses | 1.0 | 0.9 | 1.0 | 0.3 |
Net interest income after provision for loan losses | 142.9 | 109.3 | 89.5 | 85.4 |
Gain on sale of investments, net | -0.2 | 0.0 | 0.1 | 0.5 |
Other non-interest income | 5.6 | 5.0 | 5.0 | 5.2 |
Total non-interest income | 5.4 | 5.0 | 5.1 | 5.7 |
Non-interest expenses | 24.0 | 24.1 | 19.2 | 17.8 |
Pre-tax income | 7.9 | 7.0 | 9.4 | 9.8 |
Income taxes | 3.0 | 2.6 | 3.8 | 3.9 |
Tax rate | 38.0% | 37.7% | 40.9% | 39.9% |
Net income | 4.9 | 4.4 | 5.5 | 5.9 |
Net margin | 3.3% | 3.8% | 5.8% | 6.5% |
|
Basic EPS | $0.30 | $0.34 | $0.60 | |
Diluted EPS | $0.30 | $0.34 | $0.60 | |
|
Shares outstanding (basic) | 16.5 | 12.7 | 9.2 | |
Shares outstanding (diluted) | 16.5 | 12.7 | 9.2 | |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |