In millions, except per share items | Jun-30-23 | Mar-31-23 | Dec-31-22 | Sep-30-22 | Jun-30-22 | Mar-31-22 | Dec-31-21 | Sep-30-21 |
| 10-Q | 10-Q | 8-K | 10-Q | 10-Q | 10-Q | 8-K | 10-Q |
Interest income: |
Interest income on loans | 32.7 | 30.8 | 27.7 | 25.9 | 23.5 | 22.1 | 20.6 | 15.5 |
Interest income on investments | 3.7 | 4.1 | 4.0 | 3.2 | 2.4 | 2.0 | 1.7 | 1.3 |
| 36.6 | 35.1 | 32.3 | 30.6 | 26.7 | 24.3 | 22.4 | 16.9 |
Interest expense: |
Interest on deposits | 9.9 | 7.3 | 4.6 | 2.6 | 1.5 | 1.4 | 1.3 | 0.9 |
Interest on borrowings | | | 0.8 | | | | 0.5 | |
| 14.1 | 9.4 | 5.3 | 3.3 | 2.1 | 1.9 | 1.8 | 1.3 |
Net interest income | 22.5 | 25.7 | 26.9 | 27.3 | 24.6 | 22.4 | 20.6 | 15.6 |
Provision for loan losses | 0.6 | 1.1 | 0.5 | 0.7 | 0.2 | 0.6 | -1.7 | 0.3 |
Net interest income after provision for loan losses | 21.9 | 24.6 | 26.5 | 26.6 | 24.4 | 21.8 | 22.4 | 15.3 |
Deposit and loan fees | | | 1.3 | | | | 1.2 | |
Gain on sale of investments, net | | | | | | | | 0.0 |
Other non-interest income | 5.3 | 5.3 | 4.5 | 5.3 | 5.8 | 6.0 | 3.9 | 2.9 |
Total non-interest income | 5.3 | 5.3 | 5.9 | 5.3 | 5.8 | 6.0 | 5.1 | 2.9 |
Non-interest expenses | 21.6 | 20.9 | 21.0 | 18.9 | 20.1 | 20.3 | 23.5 | 11.9 |
Pre-tax income before non-recurring items | 6.7 | 9.6 | 12.3 | 13.2 | 10.4 | 8.3 | 11.6 | 6.8 |
Non-recurring items | 1.2 | 0.7 | 1.0 | 0.2 | 0.2 | 0.7 | 7.6 | 0.5 |
Pre-tax income | 5.5 | 8.9 | 11.4 | 13.1 | 10.2 | 7.5 | 4.0 | 6.3 |
Income taxes | 1.5 | 2.4 | 2.9 | 3.4 | 2.7 | 1.9 | 1.3 | 1.7 |
Tax rate | 27.1% | 27.4% | 26.0% | 26.2% | 26.2% | 25.6% | 31.8% | 26.4% |
Net income | 4.0 | 6.5 | 8.4 | 9.7 | 7.5 | 5.6 | 2.7 | 4.6 |
Net margin | 14.8% | 21.6% | 26.0% | 30.2% | 24.8% | 20.1% | 9.9% | 25.4% |
|
Basic EPS | $0.20 | $0.32 | $0.42 | $0.49 | $377.84 | $0.28 | $0.16 | $0.39 |
Diluted EPS | $0.20 | $0.32 | $0.42 | $0.49 | $0.38 | $0.28 | $0.16 | $0.39 |
|
Shares outstanding (basic) | 19.9 | 19.9 | 19.9 | 19.9 | 0.0 | 19.8 | 17.2 | 11.8 |
Shares outstanding (diluted) | 19.9 | 19.9 | 19.9 | 19.9 | 19.8 | 19.8 | 17.2 | 11.8 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |