In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| 10-K | 10-K | 10-K | 10-K/A | 10-K/A | 10-K | 10-K | 10-K |
Interest income: |
Interest income on loans | 40.9 | 38.3 | 36.5 | 38.2 | 34.9 | 29.7 | 25.5 | 24.4 |
Interest income on investments | 11.4 | 8.3 | 7.1 | 8.1 | 8.1 | 8.2 | 7.4 | 7.2 |
Interest income on trading account | | | | | | 0.0 | 0.1 | 0.2 |
| 52.4 | 46.8 | 43.7 | 46.4 | 43.2 | 38.1 | 33.2 | 31.9 |
Interest expense: |
Interest on borrowings | | | | 0.7 | 0.7 | | | |
| 7.9 | 4.6 | 6.4 | 10.1 | 8.2 | 5.7 | 4.7 | 4.5 |
Net interest income | 44.5 | 42.1 | 37.2 | 36.3 | 35.0 | 32.4 | 28.5 | 27.4 |
Provision for loan losses | -0.9 | 0.5 | 1.3 | 1.3 | 1.1 | 1.4 | 0.0 | 0.2 |
Net interest income after provision for loan losses | 45.3 | 41.7 | 36.0 | 35.0 | 33.9 | 31.0 | 28.5 | 27.2 |
Deposit and loan fees | | | | | | | | 1.7 |
Gain on sale of investments, net | | | | 0.2 | 0.1 | -0.1 | -0.2 | -0.1 |
Other non-interest income | 5.7 | 9.8 | 7.6 | 8.1 | 4.8 | 7.0 | 5.9 | 4.4 |
Total non-interest income | 5.7 | 9.8 | 7.6 | 8.3 | 4.9 | 6.9 | 5.7 | 6.0 |
Non-interest expenses | 31.5 | 31.0 | 29.0 | 28.1 | 25.9 | 23.7 | 22.2 | 22.4 |
Pre-tax income before non-recurring items | 19.6 | 20.5 | 14.6 | 15.2 | 12.9 | 14.2 | 12.0 | 11.6 |
Non-recurring items | | | | | | | | 0.8 |
Pre-tax income | 19.6 | 20.5 | 14.6 | 15.2 | 12.9 | 14.2 | 12.0 | 10.8 |
Income taxes | 3.7 | 4.0 | 2.6 | 2.9 | 1.6 | 5.9 | 3.1 | 2.6 |
Tax rate | 18.7% | 19.4% | 17.5% | 18.7% | 12.1% | 41.6% | 25.5% | 23.8% |
Net income | 15.9 | 16.5 | 12.1 | 12.4 | 11.3 | 8.3 | 8.9 | 8.2 |
Net margin | 31.2% | 32.1% | 27.7% | 28.5% | 29.2% | 21.9% | 26.1% | 24.8% |
|
Basic EPS | $4.47 | $4.64 | $3.42 | $3.53 | $3.27 | $2.42 | $2.63 | $2.47 |
Diluted EPS | $4.47 | $4.64 | $3.42 | $3.53 | $3.25 | $2.41 | $2.63 | $2.46 |
|
Shares outstanding (basic) | 3.6 | 3.6 | 3.5 | 3.5 | 3.5 | 3.4 | 3.4 | 3.3 |
Shares outstanding (diluted) | 3.6 | 3.6 | 3.5 | 3.5 | 3.5 | 3.4 | 3.4 | 3.4 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |