In millions, except per share items | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 |
| 10-K | 10-K | 10-K | S-1/A | 10-K | 10-K | 10-K | 10-K |
Interest income: |
Interest income on loans | 28.6 | 25.6 | 25.0 | | 34.2 | 41.8 | 53.2 | 63.0 |
Interest income on investments | 3.0 | 3.1 | 2.5 | | 4.8 | 7.0 | 9.9 | 9.0 |
Interest income on repurchase agreements | 0.1 | 0.1 | 0.1 | | | | | |
| 31.7 | 28.8 | 27.6 | | 39.2 | 48.8 | 63.2 | 73.5 |
Interest expense: |
Interest on deposits | 1.4 | 1.2 | 2.0 | | 8.2 | 14.6 | 20.6 | 27.6 |
Interest on borrowings | 0.7 | 0.5 | 0.5 | | 1.5 | 2.3 | 2.3 | 4.3 |
| 2.7 | 2.5 | 3.5 | | 11.2 | 18.3 | 24.6 | 33.9 |
Net interest income | 29.0 | 26.3 | 24.1 | | 27.9 | 30.5 | 38.7 | 39.6 |
Provision for loan losses | 0.3 | 0.4 | 7.2 | | 11.4 | 34.6 | 52.0 | 8.1 |
Net interest income after provision for loan losses | 28.7 | 25.9 | 16.9 | | 16.6 | -4.1 | -13.4 | 31.5 |
Deposit and loan fees | 3.9 | 4.1 | 4.3 | | 4.6 | 5.3 | 6.4 | 7.3 |
Credit and debit card fees | 2.5 | 2.5 | 2.5 | | | | | |
Gain on sale of investments, net | 0.1 | 0.3 | 0.9 | | 0.7 | -7.8 | -28.2 | 0.8 |
Other non-interest income | 6.1 | 5.5 | 5.0 | | 6.7 | 13.3 | 5.1 | 3.5 |
Total non-interest income | 12.7 | 12.4 | 12.8 | | 11.9 | 10.8 | -16.6 | 11.6 |
Non-interest expenses | 31.5 | 33.2 | 34.2 | | 40.4 | 55.9 | 46.7 | |
Pre-tax income before non-recurring items | 11.9 | 5.1 | -3.8 | | -10.6 | -31.6 | -50.7 | 0.3 |
Non-recurring items | 2.0 | | 0.8 | | 1.3 | 17.6 | 8.6 | 0.3 |
Pre-tax income | 9.9 | 5.1 | -4.5 | | -11.9 | -49.1 | -59.3 | 0.0 |
Income taxes | 3.6 | -37.5 | 0.0 | | -1.4 | 16.7 | -21.2 | 0.0 |
Tax rate | 36.3% | | 0.0% | | 11.4% | | 35.8% | |
Net income | 6.0 | 54.8 | -8.1 | | -12.6 | -67.7 | -39.9 | 0.0 |
Net margin | 14.5% | 142.8% | -27.2% | | -44.2% | -1004.0% | 133.0% | 0.0% |
|
Basic EPS | $0.92 | $11.08 | ($44.81) | | ($2.08) | ($11.20) | ($6.61) | |
Diluted EPS | $0.92 | $11.08 | ($44.81) | | ($2.08) | ($11.20) | ($6.61) | |
|
Shares outstanding (basic) | 6.5 | 4.9 | 0.2 | | 6.1 | 6.0 | 6.0 | |
Shares outstanding (diluted) | 6.5 | 4.9 | 0.2 | | 6.1 | 6.0 | 6.0 | |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |