In millions, except per share items | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 | Dec-31-07 | Dec-31-06 | Dec-31-05 |
| 10-K/A | 10-K/A | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Interest income: |
Interest income on loans | 11.8 | 11.9 | 11.5 | 11.7 | 13.0 | 14.7 | 13.6 | 10.2 |
Interest income on investments | 1.3 | 1.6 | 1.8 | | | | | |
| 13.2 | 13.6 | 13.5 | 13.9 | 15.0 | 17.9 | 15.8 | 11.6 |
Interest expense: |
Interest on deposits | 1.0 | 1.5 | 1.8 | 3.0 | 3.9 | 7.1 | 5.8 | 3.1 |
Interest on borrowings | | | 0.4 | 0.4 | 0.4 | 0.0 | 0.3 | 0.1 |
| 1.0 | 1.5 | 1.8 | 3.4 | 4.3 | 7.1 | 6.1 | 3.2 |
Net interest income | 14.2 | 15.1 | 15.3 | 10.5 | 10.7 | 10.7 | 9.7 | 8.4 |
Provision for loan losses | 0.3 | 0.2 | 0.1 | 1.0 | 0.5 | 1.0 | 0.2 | 0.4 |
Net interest income after provision for loan losses | 13.9 | 14.9 | 15.2 | 9.5 | 10.2 | 9.7 | 9.5 | 8.0 |
Deposit and loan fees | 0.3 | 0.3 | 0.3 | | | | | |
Gain on sale of investments, net | 0.5 | 0.0 | | | | | | |
Other non-interest income | 2.0 | 1.7 | 1.9 | 2.9 | 1.7 | | | |
Total non-interest income | 2.8 | 2.0 | 2.2 | 2.9 | 1.7 | 2.4 | 2.9 | 2.9 |
Non-interest expenses | 9.3 | 9.6 | 9.6 | 10.1 | 9.8 | 11.2 | 9.0 | 8.4 |
Asset impairment | | | | | | 1.2 | | |
Pre-tax income | 5.2 | 4.0 | 3.7 | 2.3 | 2.2 | 0.9 | 3.4 | 2.5 |
Income taxes | 1.8 | 1.2 | 1.2 | 0.4 | 0.6 | 0.5 | 1.2 | 0.4 |
Tax rate | 35.1% | 29.7% | 32.7% | 18.9% | 27.7% | 58.5% | 34.9% | 16.9% |
Net income | 3.4 | 2.8 | 2.5 | 0.0 | 0.0 | 0.4 | 2.2 | 2.1 |
Net margin | 20.1% | 16.7% | 14.4% | 0.0% | 0.0% | 3.2% | 17.7% | 19.3% |
|
Basic EPS | $0.63 | $0.52 | $0.46 | $0.28 | $0.30 | $0.07 | $0.56 | $0.59 |
Diluted EPS | $0.63 | $0.52 | $0.46 | $0.28 | $0.30 | $0.07 | $0.48 | $0.51 |
|
Shares outstanding (basic) | 5.3 | 5.4 | 5.4 | 0.0 | 0.0 | 5.2 | 4.0 | 3.6 |
Shares outstanding (diluted) | 5.4 | 5.5 | 5.5 | 0.0 | 0.0 | 5.4 | 4.6 | 4.1 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |