In millions, except per share items | Mar-31-13 | Mar-31-12 | Mar-31-11 | Mar-31-10 | Mar-31-09 | Mar-31-08 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Interest income: |
Interest income on loans | 19.4 | 20.8 | 22.7 | 24.6 | 24.0 | 22.1 |
Interest income on investments | | | | | 16.2 | 8.5 |
| 35.4 | 41.1 | 44.9 | 45.0 | 44.4 | 38.6 |
Interest on deposits | 9.5 | 12.6 | 14.9 | 17.7 | 20.1 | 22.1 |
Total interest expense | 9.5 | 12.6 | 14.9 | 17.7 | 25.9 | 24.5 |
Net interest income | 44.9 | 53.7 | 59.8 | 62.6 | 18.5 | 14.1 |
Provision for loan losses | 0.8 | 0.2 | 0.1 | 0.4 | 0.3 | 0.1 |
Net interest income after provision for loan losses | 44.1 | 53.5 | 59.7 | 62.2 | 18.2 | 14.0 |
Deposit and loan fees | | | | | 0.2 | 0.2 |
Gain on sale of investments, net | 0.6 | | 0.9 | | | |
Other non-interest income | 2.1 | 0.9 | 1.0 | 1.1 | 0.9 | 0.9 |
Total non-interest income | 2.7 | 0.9 | 1.9 | 1.1 | 1.2 | 1.1 |
Non-interest expenses | 13.9 | 13.5 | 13.8 | 13.3 | 11.9 | 12.1 |
Pre-tax income before non-recurring items | 10.2 | 12.6 | 14.2 | 9.7 | 7.5 | 3.0 |
Non-recurring items | 0.2 | 0.6 | 0.5 | 0.3 | | |
Pre-tax income | 10.0 | 12.1 | 13.7 | 9.4 | 7.5 | 3.0 |
Income taxes | 3.4 | 4.2 | 4.9 | 3.1 | 2.4 | 0.6 |
Tax rate | 34.1% | 34.6% | 35.6% | 33.3% | 31.5% | 21.1% |
Net income | 6.6 | 7.9 | 8.8 | 6.3 | 5.1 | 2.4 |
Net margin | 14.1% | 14.5% | 14.3% | 9.9% | 26.5% | 15.7% |
|
Basic EPS | $0.26 | $0.31 | $0.34 | $0.24 | $0.20 | $0.09 |
Diluted EPS | $0.26 | $0.31 | $0.34 | $0.24 | $0.20 | $0.09 |
|
Shares outstanding (basic) | 25.7 | 25.6 | 25.6 | 25.9 | 26.1 | 27.1 |
Shares outstanding (diluted) | 25.8 | 25.6 | 25.6 | 25.9 | 26.2 | 27.1 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |