In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Interest income: |
Interest income on loans | 34.3 | 32.4 | 34.1 | 35.5 | 34.7 | 32.5 | 29.8 | 28.0 |
Interest income on repurchase agreements | 0.2 | 0.1 | 0.3 | 0.4 | 0.1 | 0.2 | 0.0 | 0.0 |
| 42.2 | 35.6 | 36.8 | 38.2 | 36.4 | 34.1 | 32.2 | 29.4 |
Interest expense: |
Interest on deposits | 5.7 | 3.3 | 4.6 | 5.2 | 3.4 | 2.7 | 2.4 | 2.2 |
| 7.2 | 4.3 | 5.7 | 6.8 | 4.8 | 3.9 | 3.6 | 2.9 |
Net interest income | 34.9 | 31.3 | 31.1 | 31.4 | 31.5 | 30.2 | 28.6 | 26.5 |
Provision for loan losses | 0.9 | -2.8 | | | | | | |
Net interest income after provision for loan losses | 34.1 | 34.1 | 31.1 | 31.4 | 31.5 | 30.2 | 28.6 | 26.5 |
Deposit and loan fees | 1.1 | 1.1 | 1.2 | 1.7 | 1.5 | 1.4 | 1.2 | |
Gain on sale of investments, net | | | | | | 0.0 | | |
Other non-interest income | 8.6 | 10.2 | 11.0 | 8.2 | 6.5 | 6.6 | 4.4 | 4.8 |
Total non-interest income | 9.6 | 11.3 | 12.2 | 9.9 | 8.0 | 7.9 | 5.6 | 4.8 |
Non-interest expenses | 34.9 | 33.3 | 29.9 | 29.5 | 26.7 | 24.7 | 21.3 | 19.6 |
Pre-tax income before non-recurring items | 9.6 | 13.3 | 10.7 | 5.2 | 10.5 | 13.7 | 13.3 | 11.5 |
Non-recurring items | 0.8 | 1.2 | 0.7 | 0.8 | 0.6 | 0.4 | 0.4 | |
Pre-tax income | 8.8 | 12.1 | 10.0 | 4.4 | 9.9 | 13.4 | 12.9 | 11.5 |
Income taxes | 0.5 | 1.3 | 1.1 | -0.3 | 1.0 | 4.3 | 3.1 | 2.9 |
Tax rate | 5.5% | 11.0% | 11.4% | | 10.5% | 32.4% | 24.1% | 25.2% |
Minority interest | | | -0.1 | -0.1 | 0.0 | 0.0 | 0.2 | 0.2 |
Net income | 8.3 | 10.5 | 8.5 | 4.2 | 8.4 | 8.6 | 9.1 | 7.9 |
Net margin | 19.0% | 23.2% | 19.4% | 9.8% | 18.2% | 19.4% | 23.4% | 21.8% |
|
Basic EPS | $2.41 | $3.25 | $2.66 | $1.32 | $2.60 | $2.63 | $2.77 | $2.40 |
Diluted EPS | $2.41 | $3.06 | $2.49 | $1.21 | $2.34 | $2.37 | $2.44 | $2.12 |
|
Shares outstanding (basic) | 3.4 | 3.2 | 3.2 | 3.2 | 3.2 | 3.3 | 3.3 | 3.3 |
Shares outstanding (diluted) | 3.4 | 3.4 | 3.4 | 3.5 | 3.6 | 3.6 | 3.7 | 3.7 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |