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: |
Interest income on loans | 28.8 | 24.3 | 21.6 | 21.7 | 25.3 | 29.7 | 42.6 | 45.8 |
Interest income on investments | | | | | 6.7 | | | 20.1 |
| 33.4 | 30.0 | 28.8 | 27.5 | 32.0 | 39.4 | 57.3 | 66.0 |
Interest expense: |
Interest on deposits | 4.3 | 3.8 | 3.6 | 4.0 | 5.9 | 9.0 | 16.9 | 25.3 |
Interest on borrowings | | | 2.9 | 3.3 | 4.0 | | | 11.9 |
| 7.3 | 6.5 | 6.5 | 7.4 | 9.9 | 14.1 | 26.0 | 37.4 |
Net interest income | 26.1 | 23.5 | 22.3 | 20.2 | 22.1 | 25.3 | 31.3 | 28.6 |
Provision for loan losses | 1.2 | -0.7 | -0.9 | -0.9 | 6.0 | 7.7 | 22.1 | 20.6 |
Net interest income after provision for loan losses | 24.9 | 24.3 | 23.2 | 21.0 | 16.1 | 17.6 | 9.1 | 8.0 |
Deposit and loan fees | 1.4 | 1.1 | 1.0 | 1.3 | 1.2 | 1.1 | 1.3 | 1.4 |
Gain on sale of investments, net | 1.2 | 0.9 | 0.3 | 0.2 | 1.0 | 0.0 | 0.8 | -9.1 |
Other non-interest income | 1.7 | 1.1 | 2.2 | 5.4 | 7.0 | 5.7 | 5.7 | 0.9 |
Total non-interest income | 4.3 | 3.1 | 3.5 | 6.9 | 9.2 | 6.8 | 7.8 | -6.9 |
Non-interest expenses | 20.0 | 21.0 | 21.9 | 26.3 | 36.3 | 32.1 | 40.7 | 37.7 |
Pre-tax income before non-recurring items | 9.2 | 6.7 | 4.9 | 4.5 | -16.6 | -2.2 | -18.1 | -26.8 |
Non-recurring items | | 0.3 | 0.1 | 2.9 | | | 5.7 | |
Asset impairment | | | | | | 5.5 | | 4.5 |
Pre-tax income | 9.2 | 6.4 | 4.8 | 1.6 | -16.6 | -7.7 | -23.9 | -31.4 |
Income taxes | -1.8 | -5.1 | -0.7 | 0.0 | 0.0 | 0.0 | 0.0 | 0.5 |
Tax rate | | | | 2.7% | 0.0% | 0.0% | 0.0% | |
Minority interest | 0.6 | 0.5 | 0.4 | -0.6 | -1.0 | 0.9 | 0.2 | 1.4 |
Net income | 9.2 | 9.3 | 3.0 | 0.0 | -17.7 | -10.6 | -26.1 | -34.9 |
Net margin | 31.7% | 33.9% | 11.4% | 0.1% | -69.8% | -43.3% | -154.3% | -3080.3% |
|
Basic EPS | $0.31 | $0.31 | $0.14 | $0.00 | ($1.33) | ($0.80) | ($1.97) | ($2.64) |
Diluted EPS | $0.31 | $0.31 | $0.14 | $0.00 | ($1.33) | ($0.80) | ($1.97) | ($2.64) |
|
Shares outstanding (basic) | 30.1 | 30.0 | 21.1 | 13.3 | 13.3 | 13.3 | 13.3 | 13.2 |
Shares outstanding (diluted) | 30.1 | 30.1 | 21.1 | 13.3 | 13.3 | 13.3 | 13.3 | 13.2 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |