In millions, except per share items | Sep-30-11 | Jun-30-11 | Mar-31-11 | Dec-31-10 | Sep-30-10 | Jun-30-10 | Mar-31-10 | Dec-31-09 |
| 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q | 10-Q | 10-K |
Interest income: |
Interest income on loans | 15.9 | 15.6 | 15.1 | 15.4 | 15.4 | 15.1 | 15.6 | |
Interest income on investments | 2.5 | 2.8 | | | 3.5 | 3.8 | | |
Interest income on repurchase agreements | | | | | | 0.0 | | |
| 18.6 | 18.6 | 18.0 | 18.6 | 19.0 | 18.9 | 20.1 | |
Interest on deposits | 1.8 | 1.8 | 1.9 | 2.3 | 2.5 | 2.5 | 2.6 | |
Total interest expense | 2.3 | 2.3 | 2.4 | 2.8 | 3.0 | 3.0 | 3.1 | |
Net interest income | 16.3 | 16.4 | 15.6 | 15.8 | 16.0 | 15.9 | 17.0 | |
Provision for loan losses | -3.5 | 1.1 | 1.9 | 2.7 | 2.5 | 5.5 | 2.3 | |
Net interest income after provision for loan losses | 19.8 | 15.3 | 13.7 | 13.1 | 13.5 | 10.4 | 14.7 | |
Deposit and loan fees | 0.4 | 0.4 | 0.4 | 0.5 | 0.5 | 0.5 | 0.5 | |
Gain on sale of investments, net | 0.9 | 0.0 | | | 0.7 | 2.5 | | |
Other non-interest income | 0.4 | 0.5 | 0.7 | -4.1 | 0.8 | 0.4 | 0.7 | |
Total non-interest income | 1.7 | 1.0 | 1.1 | -3.6 | 2.0 | 3.4 | 1.2 | |
Non-interest expenses | 9.6 | 11.6 | | | 10.6 | 11.2 | | |
Pre-tax income before non-recurring items | 12.1 | 6.0 | 4.8 | 5.5 | 5.0 | 2.6 | 4.9 | |
Non-recurring items | 0.2 | 1.4 | | | | | | |
Pre-tax income | 12.0 | 4.7 | 4.8 | 5.5 | 5.0 | 2.6 | 4.9 | |
Income taxes | 4.8 | 1.8 | 1.8 | 1.9 | 1.8 | 1.0 | 1.9 | |
Tax rate | 40.4% | 38.3% | 37.4% | 35.1% | 35.7% | 37.2% | 38.4% | |
Net income | 6.6 | 2.4 | 0.0 | 0.0 | 2.7 | 1.1 | 0.0 | |
Net margin | 30.6% | 14.5% | 0.0% | 0.0% | 17.3% | 8.3% | 0.0% | |
|
Basic EPS | $0.40 | $0.14 | $0.15 | $0.19 | $0.17 | $0.07 | $0.15 | |
Diluted EPS | $0.40 | $0.14 | $0.15 | $0.19 | $0.16 | $0.07 | $0.15 | |
|
Shares outstanding (basic) | 16.6 | 16.5 | 0.0 | 0.0 | 16.3 | 16.3 | 0.0 | |
Shares outstanding (diluted) | 16.7 | 16.7 | 0.0 | 0.0 | 16.4 | 16.4 | 0.0 | |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |