In millions, except per share items | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 |
| 8-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Interest income: |
Interest income on loans | 81.8 | 71.2 | 56.6 | 57.7 | 65.9 | 74.8 | 84.1 | 101.6 |
Interest income on investments | | 14.5 | 12.2 | 13.4 | 13.5 | 15.0 | 14.2 | |
| 99.3 | 85.8 | 68.8 | 71.1 | 79.4 | 89.9 | 98.5 | 117.3 |
Interest expense: |
Interest on deposits | 5.1 | 4.0 | 3.1 | 5.1 | 9.5 | 15.0 | 31.9 | 44.7 |
Interest on borrowings | | | | | | | 4.7 | |
| 9.0 | 7.1 | 5.6 | 7.5 | 12.3 | 20.5 | 39.2 | 53.9 |
Net interest income | 90.2 | 78.7 | 63.2 | 63.6 | 67.1 | 69.5 | 59.3 | 63.4 |
Provision for loan losses | 0.1 | 0.9 | 2.7 | 35.9 | 16.8 | 21.3 | 35.7 | 25.3 |
Net interest income after provision for loan losses | 90.1 | 77.8 | 60.5 | 27.7 | 50.3 | 48.2 | 23.6 | 38.2 |
Deposit and loan fees | | 10.4 | 10.2 | 9.7 | 9.9 | 11.6 | 14.2 | 9.3 |
Gain on sale of investments, net | | | 0.7 | 0.0 | 2.0 | 3.6 | 0.4 | |
Other non-interest income | 17.6 | 6.3 | 6.5 | 7.1 | 6.4 | 21.9 | 23.7 | 11.3 |
Total non-interest income | 17.6 | 16.7 | 17.5 | 16.9 | 18.4 | 37.1 | 38.2 | 20.6 |
Non-interest expenses | 83.2 | 72.7 | 60.4 | 72.4 | 62.6 | 60.9 | 68.8 | 122.6 |
Pre-tax income before non-recurring items | 29.2 | 26.9 | 19.8 | -27.9 | 6.1 | 3.1 | -26.8 | -13.4 |
Non-recurring items | 4.6 | 5.1 | 2.2 | | | | | |
Asset impairment | | | | | | | | 50.4 |
Pre-tax income | 24.6 | 21.8 | 17.6 | -27.9 | 6.1 | 3.1 | -26.8 | -63.8 |
Income taxes | 8.8 | 7.8 | -3.2 | -2.6 | 1.4 | -0.2 | -11.6 | -6.9 |
Tax rate | 35.8% | 35.9% | | 9.3% | 23.6% | | 43.5% | 10.8% |
Net income | 15.8 | 13.6 | 18.9 | -28.2 | 1.8 | 0.5 | -18.1 | -0.1 |
Net margin | 14.6% | 14.4% | 24.3% | -63.2% | 2.6% | 0.5% | -29.2% | -0.1% |
|
Basic EPS | $0.41 | $0.39 | $0.71 | ($1.80) | $0.11 | $0.03 | ($1.15) | ($3.64) |
Diluted EPS | $0.40 | $0.38 | $0.65 | ($1.80) | $0.11 | $0.03 | ($1.15) | ($3.64) |
|
Shares outstanding (basic) | 38.5 | 34.9 | 26.6 | 15.7 | 15.7 | 15.7 | 15.7 | 0.0 |
Shares outstanding (diluted) | 39.4 | 35.5 | 29.1 | 15.7 | 16.6 | 16.1 | 15.7 | 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. |