In millions, except per share items | Dec-31-13 | Sep-30-13 | Jun-30-13 | Mar-31-13 | Dec-31-12 | Sep-30-12 | Jun-30-12 | Mar-31-12 |
| 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q | 10-Q | 10-K |
Interest income: |
Interest income on loans | 20.2 | 19.5 | 19.3 | 19.4 | 19.7 | 20.1 | 20.4 | 20.8 |
Interest income on investments | 7.8 | 8.4 | 9.1 | | 9.8 | 6.7 | 7.0 | |
| 23.8 | 23.2 | 23.0 | 23.2 | 24.8 | 30.1 | 35.4 | 41.1 |
Interest on deposits | 8.0 | 8.3 | 8.8 | 9.5 | 10.4 | 11.3 | 12.0 | 12.6 |
Total interest expense | 8.0 | 8.3 | 8.8 | 9.5 | 10.4 | 11.3 | 12.0 | 12.6 |
Net interest income | 31.8 | 31.5 | 31.8 | 32.6 | 35.2 | 41.3 | 47.5 | 53.7 |
Provision for loan losses | 0.7 | 1.0 | 0.8 | 0.8 | 0.9 | 0.5 | 0.3 | 0.2 |
Net interest income after provision for loan losses | 31.1 | 30.5 | 31.0 | 31.9 | 34.3 | 40.9 | 47.2 | 53.5 |
Deposit and loan fees | 0.2 | 0.2 | 0.2 | | 0.2 | 0.1 | 0.1 | |
Gain on sale of investments, net | | | 1.2 | | | 0.6 | | |
Other non-interest income | 1.3 | 1.3 | 1.6 | 1.7 | 1.3 | 1.5 | 1.1 | 1.0 |
Total non-interest income | 2.1 | 2.1 | 3.0 | 2.5 | 2.1 | 2.3 | 1.3 | 1.1 |
Non-interest expenses | 14.6 | 14.4 | 14.2 | 13.9 | 13.6 | 13.2 | 13.1 | 13.5 |
Pre-tax income before non-recurring items | 10.0 | 9.5 | 10.1 | 10.2 | 10.8 | 11.8 | 12.3 | 12.6 |
Non-recurring items | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.6 |
Pre-tax income | 9.8 | 9.4 | 9.9 | 10.0 | 10.6 | 11.6 | 12.1 | 12.1 |
Income taxes | 3.4 | 3.2 | 3.4 | 3.4 | 3.6 | 4.0 | 4.2 | 4.2 |
Tax rate | 34.6% | 33.9% | 34.2% | 34.1% | 33.7% | 34.4% | 34.5% | 34.6% |
Net income | 6.4 | 6.2 | 6.5 | 6.6 | 7.0 | 7.6 | 7.9 | 7.9 |
Net margin | 19.4% | 19.0% | 19.2% | 19.2% | 19.2% | 17.6% | 16.3% | 14.4% |
|
Basic EPS | $0.25 | $0.24 | $0.25 | $0.26 | $0.27 | $0.30 | $0.31 | $0.31 |
Diluted EPS | $0.25 | $0.24 | $0.25 | $0.26 | $0.27 | $0.30 | $0.31 | $0.31 |
|
Shares outstanding (basic) | 25.8 | 25.8 | 25.7 | 25.7 | 25.7 | 25.6 | 25.6 | 25.6 |
Shares outstanding (diluted) | 26.0 | 25.9 | 25.8 | 25.7 | 25.7 | 25.7 | 25.6 | 25.6 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |