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 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Interest income: |
Interest income on loans | 47.4 | 47.0 | 40.0 | 31.3 | 28.9 | 27.4 | 24.7 |
Interest income on investments | | | | | 16.9 | 15.4 | 14.1 |
| 66.3 | 73.6 | 66.4 | 54.8 | 48.1 | 45.8 | 40.9 |
Interest expense: |
Interest on deposits | 12.5 | 18.0 | 17.7 | 19.2 | 18.1 | 17.3 | 14.7 |
Interest on borrowings | | | | | 1.6 | 0.5 | 0.5 |
| 12.5 | 18.0 | 17.7 | 19.2 | 19.7 | 17.8 | 15.2 |
Net interest income | 78.8 | 91.6 | 84.1 | 74.0 | 28.4 | 28.0 | 25.7 |
Provision for loan losses | 6.7 | 4.5 | 6.9 | 3.3 | 0.8 | 0.5 | 0.3 |
Net interest income after provision for loan losses | 72.1 | 87.1 | 77.3 | 70.7 | 27.6 | 27.5 | 25.4 |
Deposit and loan fees | | | | | 1.5 | 1.3 | 0.8 |
Gain on sale of investments, net | 0.5 | 0.1 | 2.2 | -2.1 | 0.0 | 0.0 | 0.0 |
Other non-interest income | 7.0 | 5.1 | 12.6 | | 2.7 | 2.7 | |
Total non-interest income | 7.5 | 5.2 | 14.8 | 2.8 | 4.2 | 4.1 | 3.5 |
Non-interest expenses | 49.9 | 43.0 | 38.5 | 29.0 | 25.1 | 20.3 | 21.2 |
Pre-tax income before non-recurring items | 3.6 | 10.4 | 9.1 | 3.6 | 6.7 | 11.2 | 7.6 |
Non-recurring items | 1.9 | | 0.9 | | | | |
Pre-tax income | 1.7 | 10.4 | 8.2 | 3.6 | 6.7 | 11.2 | 7.6 |
Income taxes | 0.9 | 3.3 | 3.0 | 1.0 | 2.2 | 4.1 | 2.4 |
Tax rate | 54.9% | 31.7% | 36.5% | 28.4% | 32.7% | 36.8% | 31.3% |
Minority interest | -0.1 | -0.1 | -0.1 | | | | |
Net income | 0.7 | 7.1 | 5.2 | 2.6 | 4.7 | 7.2 | 5.2 |
Net margin | 0.9% | 7.7% | 5.6% | 3.6% | 14.7% | 22.9% | 18.2% |
|
Basic EPS | $0.03 | $0.24 | $0.17 | $85.23 | $0.15 | $0.23 | $0.19 |
Diluted EPS | $0.03 | $0.24 | $0.17 | $85.23 | $0.15 | $0.23 | $0.19 |
|
Shares outstanding (basic) | 29.8 | 29.8 | 30.6 | 0.0 | 30.6 | 31.6 | 27.3 |
Shares outstanding (diluted) | 29.8 | 29.8 | 30.6 | 0.0 | 30.6 | 31.6 | 27.3 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |