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 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Interest income: |
Interest income on loans | 112.7 | 101.6 | 99.1 | 94.4 | 94.3 | 69.2 | 63.7 | 54.5 |
Interest income on investments | 10.1 | 4.6 | 4.6 | 6.4 | 6.7 | 4.5 | 3.7 | 3.7 |
| 125.9 | 106.9 | 104.1 | 102.2 | 102.3 | 74.4 | 67.7 | 58.4 |
Interest expense: |
Interest on deposits | 5.2 | 5.2 | 11.0 | 15.1 | 9.1 | 5.2 | 3.7 | 3.1 |
Interest on borrowings | 0.4 | 0.5 | 0.6 | 0.9 | 1.1 | 1.3 | 1.4 | 0.7 |
| 7.9 | 5.9 | 11.9 | 16.2 | 10.3 | 6.5 | 5.3 | 3.9 |
Net interest income | 118.0 | 101.0 | 92.2 | 86.0 | 92.0 | 67.8 | 62.4 | 54.5 |
Net interest income after provision for loan losses | 118.0 | 101.0 | 92.2 | 86.0 | 92.0 | 67.8 | 62.4 | 54.5 |
Deposit and loan fees | | | | | | | | 3.9 |
Credit and debit card fees | | | | | | | | 2.4 |
Gain on sale of investments, net | | | | | | | | 0.0 |
Other non-interest income | 13.9 | 16.3 | 14.3 | 14.4 | 13.4 | 10.0 | 11.2 | 11.7 |
Total non-interest income | 13.9 | 16.3 | 14.3 | 14.4 | 13.4 | 10.0 | 11.2 | 18.0 |
Non-interest expenses | 81.9 | 67.0 | 63.0 | 63.6 | 63.2 | 46.2 | 46.8 | 42.0 |
Pre-tax income before non-recurring items | 42.5 | 59.9 | 30.8 | 33.5 | 38.2 | 29.2 | 24.2 | 18.7 |
Non-recurring items | 0.0 | -0.5 | 0.0 | -0.3 | -0.1 | -0.2 | 0.6 | -0.5 |
Pre-tax income | 42.5 | 60.4 | 30.8 | 33.8 | 38.3 | 29.3 | 23.6 | 19.2 |
Income taxes | 8.4 | 11.8 | 6.0 | 5.9 | 6.7 | 12.5 | 7.6 | 6.7 |
Tax rate | 19.8% | 19.6% | 19.6% | 17.3% | 17.5% | 42.6% | 32.1% | 34.7% |
Net income | 34.1 | 48.6 | 24.8 | 27.9 | 31.6 | 16.8 | 16.0 | 12.5 |
Net margin | 25.8% | 41.5% | 23.3% | 27.8% | 30.0% | 21.6% | 21.8% | 17.3% |
|
Basic EPS | $4.19 | $5.80 | $2.86 | $3.08 | $3.48 | $2.36 | $2.34 | $1.87 |
Diluted EPS | $4.16 | $5.77 | $2.85 | $3.05 | $3.40 | $2.28 | $2.25 | $1.79 |
|
Shares outstanding (basic) | 8.1 | 8.4 | 8.7 | 9.1 | 9.1 | 7.1 | 6.8 | 6.7 |
Shares outstanding (diluted) | 8.2 | 8.4 | 8.7 | 9.1 | 9.3 | 7.4 | 7.1 | 7.0 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |