In millions, except per share items | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 |
| 10-K/A | 10-K/A | 10-K/A | 10-K | 10-K | 10-K | 10-K | 10-K |
Interest income: | | | | | | | | |
Loans, including fees | 58.7 | 59.3 | 57.6 | 49.0 | 38.6 | 36.7 | 36.3 | 33.8 |
Securities available for sale and stock | 0.9 | 1.1 | 1.2 | 1.2 | 1.6 | | | |
Interest-bearing deposits with financial institutions | 1.0 | 5.3 | 3.8 | 1.4 | 0.8 | 0.4 | 0.3 | 0.2 |
Total interest income | 60.6 | 65.7 | 62.5 | 51.6 | 41.0 | 38.8 | 38.3 | 35.7 |
|
Interest expense: | | | | | | | | |
Deposits | 7.5 | 14.3 | 12.1 | 7.0 | 4.8 | 4.6 | 4.8 | 4.4 |
Borrowings | 1.1 | 1.8 | 1.6 | 0.9 | 0.7 | 0.7 | 1.0 | 0.9 |
Total interest expense | 8.6 | 16.1 | 13.6 | 7.8 | 5.5 | 5.3 | 5.8 | 5.3 |
Net interest income | 52.0 | 49.6 | 48.9 | 43.7 | 35.5 | 33.5 | 32.5 | 30.3 |
Provision for loan and lease losses | 9.1 | 9.2 | | | 19.9 | | 1.5 | 4.5 |
Net interest income after provision for loan and lease losses | 42.9 | 40.4 | 48.9 | 43.7 | 15.7 | 33.5 | 31.0 | 25.8 |
|
Noninterest income | | | | | | | | |
Service fees on deposits and other banking services | 3.1 | 1.8 | 1.5 | 1.3 | 1.1 | | | |
Net gain on sale of securities available for sale | 0.2 | | 0.0 | 0.0 | | | | |
Net gain on sale of loans | 0.5 | 1.0 | | | 0.0 | | 2.1 | |
Other noninterest income | 2.6 | 2.8 | 3.0 | 3.1 | 2.3 | 1.8 | 1.4 | 0.3 |
Total noninterest income | 6.3 | 5.6 | 4.6 | 4.4 | 2.9 | 5.4 | 4.4 | 1.2 |
|
Noninterest expense | | | | | | | | |
Salaries and employee benefits | 22.4 | 23.4 | 23.7 | 23.0 | 21.8 | 22.0 | 22.6 | 19.6 |
Occupancy | 2.7 | 2.6 | 2.4 | 2.6 | 3.1 | 2.9 | 2.5 | 2.2 |
Equipment and depreciation | 2.0 | 1.9 | 1.8 | 1.7 | 1.8 | 1.7 | 1.5 | 1.6 |
Data processing | 2.6 | 2.2 | 1.7 | 1.5 | 1.3 | 1.0 | 0.9 | 0.8 |
FDIC expense | 1.0 | 0.4 | 0.9 | | | | | |
Professional fees | 3.0 | 4.0 | 2.5 | 4.2 | 4.0 | 2.5 | 2.4 | 2.9 |
Business development | 0.6 | 0.8 | 0.9 | 0.7 | 0.8 | 0.5 | 0.3 | 0.3 |
Loan related expense | 0.6 | 0.6 | 0.8 | 0.5 | 0.4 | 0.4 | 0.5 | 0.4 |
Insurance | 0.3 | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 | 0.5 | 0.6 |
Other operating expense | 1.8 | 2.0 | 1.9 | 2.3 | 2.1 | 2.4 | 2.3 | 2.9 |
Total noninterest expense | 36.8 | 38.2 | 37.0 | 37.8 | 36.4 | 35.3 | 36.8 | 36.3 |
Income (loss) before income taxes | 12.4 | 7.8 | 16.6 | 10.4 | -17.8 | 0.9 | -1.5 | -9.3 |
Income tax expense (benefit) | 4.1 | 2.1 | -10.8 | -0.1 | 16.8 | -11.6 | -0.6 | 5.6 |
Tax rate | 32.9% | 27.3% | | | | | 41.2% | |
Net income (loss) allocable to common shareholders | 8.3 | 5.7 | 27.3 | 10.4 | -34.6 | 12.4 | 0.4 | -22.2 |
|
Basic income per common share: | | | | | | | | |
Net income (loss) allocable to common shareholders (in dollars per share) | $0.35 | $0.24 | $1.17 | $0.45 | ($1.51) | $0.54 | ($0.04) | ($1.28) |
|
Diluted income per common share: | | | | | | | | |
Net income (loss) allocable to common shareholders (in dollars per share) | $0.35 | $0.24 | $1.16 | $0.45 | ($1.51) | $0.53 | ($0.04) | ($1.28) |
|
Weighted average number of common shares outstanding: | | | | | | | | |
Basic (in shares) | 0.0 | 0.0 | 0.0 | 23.1 | 22.8 | 20.5 | 19.2 | 18.2 |
Diluted (in shares) | 0.0 | 0.0 | 0.0 | 23.3 | 23.0 | 20.7 | 19.2 | 18.2 |