In millions, except per share items | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Interest income on loans | 94.7 | 76.7 | 59.0 | 45.3 | 37.4 | 21.9 | 16.5 |
Total interest income | 7.6 | 7.1 | 8.9 | 8.8 | 7.9 | 8.8 | 12.3 |
Interest on deposits | 23.2 | 15.2 | 10.5 | 7.5 | 5.8 | 6.8 | 7.3 |
Total interest expense | 26.7 | 17.7 | 12.6 | 8.7 | 6.9 | 8.0 | 8.4 |
Net interest income | 76.8 | 67.0 | 57.0 | 49.6 | 42.4 | 25.1 | 23.4 |
Provision for loan losses | -1.1 | 2.1 | 4.9 | 4.1 | 3.4 | 4.1 | 2.4 |
Net interest income after provision for loan losses | 77.9 | 64.9 | 52.1 | 45.5 | 39.0 | 21.0 | 21.1 |
Gain on sale of investments, net | 1.6 | 2.8 | 2.4 | 2.1 | 0.4 | 1.3 | 11.9 |
Other non-interest income | 12.0 | 14.3 | 9.8 | 6.6 | 9.3 | 11.7 | 4.2 |
Total non-interest income | 13.6 | 17.1 | 12.1 | 8.7 | 9.6 | 13.0 | 16.2 |
Non-interest expenses | 58.1 | 54.3 | 51.7 | 44.1 | 49.4 | 31.7 | 26.3 |
Pre-tax income before non-recurring items | 36.4 | 27.6 | 13.7 | 12.0 | 0.5 | 7.5 | 11.0 |
Non-recurring items | 3.0 | -0.1 | 1.3 | 2.0 | 1.3 | 5.1 | |
Pre-tax income | 33.4 | 27.7 | 12.5 | 10.1 | -0.8 | 2.4 | 11.0 |
Income taxes | 8.9 | 11.2 | 3.8 | 2.8 | -0.6 | -0.3 | 3.1 |
Tax rate | 26.5% | 40.5% | 30.5% | 28.2% | 77.3% | | 28.4% |
Net income | 24.6 | 16.5 | 8.7 | 7.2 | -0.2 | 2.7 | 7.9 |
Net margin | 26.8% | 20.1% | 13.5% | 13.3% | -0.4% | 7.8% | 21.1% |
|
Basic EPS | $1.01 | $0.69 | $0.35 | $0.28 | | | |
Diluted EPS | $0.98 | $0.67 | $0.35 | $0.28 | | | |
|
Shares outstanding (basic) | 24.3 | 24.0 | 24.4 | 26.1 | | | |
Shares outstanding (diluted) | 25.1 | 24.5 | 24.5 | 26.1 | | | |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |