In millions, except per share items | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| 10-K | 10-K | 10-K | 10-K |
Interest income: |
Interest income on loans | 3.7 | 3.4 | 3.3 | 3.2 |
Interest income on investments | 0.3 | 0.4 | 0.3 | 0.2 |
| 4.0 | 3.8 | 3.6 | 3.4 |
Interest expense: |
Interest on deposits | 1.2 | 1.1 | 1.0 | 0.8 |
Interest on borrowings | 0.2 | 0.2 | 0.2 | 0.4 |
| 4.0 | 3.6 | 3.5 | 1.2 |
Net interest income | 2.6 | 2.6 | 2.3 | 4.5 |
Provision for loan losses | | | | 0.3 |
Net interest income after provision for loan losses | 2.6 | 2.6 | 2.3 | 4.3 |
Gain on sale of investments, net | | | 0.0 | 0.0 |
Other non-interest income | 0.3 | 0.2 | 0.1 | 0.3 |
Total non-interest income | 0.3 | 0.2 | 0.1 | 0.3 |
Non-interest expenses | 3.9 | 3.2 | 2.9 | 2.9 |
Pre-tax income | -1.0 | -0.5 | -0.5 | -0.7 |
Income taxes | 0.0 | 0.0 | 0.0 | 0.0 |
Tax rate | 0.0% | | 0.0% | 0.0% |
Net income | -1.0 | -0.5 | -0.5 | -0.7 |
Net margin | -35.5% | -19.4% | -18.7% | -15.5% |
|
Basic EPS | ($1.31) | ($0.70) | ($1.19) | |
Diluted EPS | ($1.22) | ($0.65) | ($1.10) | |
|
Shares outstanding (basic) | 0.8 | 0.8 | 0.4 | |
Shares outstanding (diluted) | 0.8 | 0.8 | 0.4 | |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |