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 | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Interest income: |
Interest income on loans | 30.7 | 35.0 | 37.6 | 40.2 | 50.4 | 58.0 | 55.1 | 50.2 |
| 31.6 | 36.2 | 40.8 | 44.7 | 56.8 | 64.9 | 62.1 | 57.1 |
Interest expense: |
Interest on deposits | 5.3 | 7.5 | 10.6 | 15.3 | 22.7 | 25.4 | 21.2 | 15.4 |
Interest on borrowings | | | | 5.2 | 8.2 | 11.0 | 11.5 | 11.1 |
| 5.3 | 7.5 | 10.6 | 15.3 | 31.0 | 36.4 | 32.8 | 26.5 |
Net interest income | 36.9 | 43.7 | 51.4 | 60.1 | 25.8 | 28.5 | 29.3 | 30.5 |
Provision for loan losses | 0.1 | 2.3 | 18.5 | | | | | |
Net interest income after provision for loan losses | 36.8 | 41.4 | 32.9 | 60.1 | | | | |
Deposit and loan fees | 2.0 | 2.1 | 2.3 | 2.3 | | | | |
Gain on sale of investments, net | 0.1 | | | | | | | |
Other non-interest income | 5.9 | 4.4 | 5.1 | 6.0 | | | | |
Total non-interest income | 8.0 | 6.5 | 7.4 | 8.3 | | | | |
Non-interest expenses | 27.6 | 29.3 | 29.3 | 28.1 | 27.5 | 20.3 | | |
Pre-tax income before non-recurring items | 4.1 | 0.8 | -14.0 | -17.5 | -8.4 | 5.9 | 8.3 | 12.2 |
Non-recurring items | 0.0 | 0.0 | 0.0 | | 6.9 | -0.4 | -0.3 | -0.7 |
Pre-tax income | 4.1 | 0.8 | -14.0 | -17.5 | -15.3 | 6.3 | 8.6 | 12.9 |
Income taxes | -0.1 | 0.5 | 0.5 | -6.3 | 0.0 | 1.8 | 2.7 | 4.1 |
Tax rate | | 71.8% | | 36.0% | 0.0% | 28.2% | 31.7% | 32.1% |
Net income | 4.2 | 0.2 | -14.6 | -11.2 | -15.3 | 4.5 | 5.9 | 8.8 |
Net margin | 9.3% | 0.4% | -36.1% | -16.0% | -7.9% | 15.8% | 20.0% | 28.7% |
|
Basic EPS | $0.50 | $0.03 | ($2.02) | ($1.56) | ($2.14) | $0.61 | $0.78 | $1.15 |
Diluted EPS | $0.50 | $0.03 | ($2.02) | ($1.56) | ($2.14) | $0.61 | $0.78 | $1.15 |
|
Shares outstanding (basic) | 8.2 | 7.2 | 7.2 | 7.2 | 7.2 | 7.4 | 7.5 | 7.6 |
Shares outstanding (diluted) | 8.2 | 7.2 | 7.2 | 7.2 | 7.2 | 7.4 | 7.5 | 7.6 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |