In millions, except per share items | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 |
| 10-K | 10-K | 10-K | 10-K/A | 10-K | 10-K | 10-K | 10-K |
Interest income on loans | 95.6 | 108.5 | 108.5 | 77.0 | 66.6 | 58.9 | 51.8 | 41.2 |
Total interest income | 110.7 | 119.0 | 115.4 | 84.0 | 72.8 | 64.6 | 58.2 | 45.7 |
Interest on deposits | 7.0 | 9.1 | 7.2 | 3.3 | 2.9 | 3.0 | 3.3 | 3.3 |
Total interest expense | 7.0 | 9.1 | 7.2 | 3.3 | 2.9 | 3.0 | 3.3 | 3.3 |
Net interest income | 103.7 | 109.9 | 108.2 | 80.6 | 69.9 | 61.6 | 54.9 | 42.3 |
Provision for loan losses | | | | 2.8 | 0.9 | 1.0 | 1.7 | 1.5 |
Net interest income after provision for loan losses | 103.7 | 109.9 | 108.2 | 77.9 | 69.0 | 60.6 | 53.2 | 40.8 |
Deposit and loan fees | 3.2 | 2.8 | 2.8 | 2.4 | 2.2 | 2.4 | 2.8 | 2.6 |
Other non-interest income | 19.2 | 12.4 | 12.3 | 11.9 | 12.4 | 13.6 | 12.4 | 11.6 |
Total non-interest income | 22.4 | 15.2 | 15.1 | 14.4 | 14.6 | 16.0 | 15.2 | 14.3 |
Non-interest expenses | 66.1 | 60.3 | 62.0 | 56.0 | 46.7 | 46.8 | 45.3 | 36.9 |
Pre-tax income before non-recurring items | 57.2 | 57.8 | 52.9 | 41.1 | 36.9 | 29.9 | 23.9 | 19.1 |
Non-recurring items | | | 0.2 | 4.8 | | | 0.7 | 0.9 |
Pre-tax income | 57.2 | 57.8 | 52.7 | 36.3 | 36.9 | 29.9 | 23.2 | 18.2 |
Income taxes | 13.7 | 13.5 | 12.1 | 16.5 | 13.3 | 10.3 | 8.2 | 6.3 |
Tax rate | 24.0% | 23.4% | 22.9% | 45.4% | 36.0% | 34.3% | 35.6% | 34.8% |
Net income | 43.5 | 44.3 | 40.6 | 19.8 | 23.6 | 19.6 | 14.9 | 11.9 |
Net margin | 30.8% | 32.7% | 31.2% | 21.5% | 28.2% | 25.6% | 21.8% | 21.6% |
|
Basic EPS | $2.31 | $2.35 | $2.18 | $1.10 | $1.33 | $1.21 | $1.02 | $0.92 |
Diluted EPS | $2.29 | $2.33 | $2.14 | $1.08 | $1.30 | $1.17 | $0.98 | $0.89 |
|
Shares outstanding (basic) | 18.8 | 18.8 | 18.7 | 18.0 | 17.7 | 16.3 | 14.7 | 12.9 |
Shares outstanding (diluted) | 19.0 | 19.0 | 19.0 | 18.4 | 18.2 | 16.8 | 15.1 | 13.4 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |