In millions, except per share items | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Interest income on loans | 61.3 | 59.6 | 56.1 | 39.6 | 39.3 | 41.3 | 44.1 | 45.5 |
Total interest income | 71.3 | 68.1 | 64.1 | 45.4 | 46.3 | 48.2 | 50.8 | 49.6 |
Interest on deposits | | | | 2.9 | 3.0 | 4.5 | | |
Total interest expense | 5.7 | 5.8 | 5.2 | 3.9 | 3.8 | 5.0 | 8.0 | 10.0 |
Net interest income | 65.6 | 62.3 | 58.9 | 41.5 | 42.5 | 43.2 | 42.7 | 39.5 |
Provision for loan losses | -1.5 | | | | 7.7 | 6.1 | 31.5 | 24.1 |
Net interest income after provision for loan losses | 67.1 | 62.3 | 58.9 | 41.5 | 34.8 | 37.1 | 11.2 | 15.4 |
Deposit and loan fees | 5.2 | 5.2 | 5.6 | 4.5 | 4.4 | 4.1 | 2.4 | 3.0 |
Credit and debit card fees | | | | | | | 1.4 | 1.2 |
Gain on sale of investments, net | 0.9 | 0.6 | 0.6 | 3.9 | 2.6 | 2.0 | -0.6 | 0.0 |
Other non-interest income | 6.2 | 4.3 | 3.3 | 4.4 | 5.6 | 13.9 | 7.5 | 11.0 |
Total non-interest income | 12.2 | 10.1 | 9.6 | 12.9 | 12.5 | 20.0 | 10.7 | 15.1 |
Non-interest expenses | 51.3 | 48.2 | 54.8 | 36.6 | 36.1 | 37.3 | 41.3 | 35.7 |
Pre-tax income before non-recurring items | 28.0 | 24.2 | 13.7 | 18.9 | 11.2 | 9.6 | -19.3 | -12.9 |
Non-recurring items | | | | 1.1 | | | | |
Pre-tax income | 28.0 | 24.2 | 13.7 | 17.8 | 11.2 | 9.6 | -19.3 | -12.9 |
Income taxes | 11.1 | 8.9 | 4.7 | 7.0 | -1.8 | 1.8 | -1.8 | -5.8 |
Tax rate | 39.5% | 36.7% | 34.6% | 39.2% | | 19.1% | 9.1% | 45.2% |
Net income | 16.9 | 15.3 | 8.8 | 9.9 | 11.6 | 6.4 | -22.6 | -8.0 |
Net margin | 21.3% | 21.1% | 12.8% | 18.3% | 24.4% | 11.1% | -102.8% | -26.2% |
|
Basic EPS | $0.50 | $0.45 | $0.27 | $0.38 | $0.44 | $0.25 | ($1.30) | ($1.04) |
Diluted EPS | $0.50 | $0.45 | $0.27 | $0.37 | $0.44 | $0.24 | ($1.30) | ($1.04) |
|
Shares outstanding (basic) | 34.1 | 34.1 | 32.6 | 26.3 | 26.3 | 25.0 | 17.3 | 7.7 |
Shares outstanding (diluted) | 34.2 | 34.3 | 32.7 | 26.5 | 26.4 | 26.3 | 17.3 | 7.7 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |