TOWER FINANCIAL CORP (TOFC) [Rocket]

In millions, except per share items	Dec-31-13	Dec-31-12	Dec-31-11	Dec-31-10	Dec-31-09	Dec-31-08	Dec-31-07	Dec-31-06
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Interest income:
Interest income on loans	19.4	22.1	24.8	26.8	28,035.9	33.8	43.0	37.6
Interest income on investments	4.1	3.9	4.0	3.6	4,018.2
	23.5	26.0	28.9	30.5	32,067.4	37.8	46.9	41.1
Interest expense:
Interest on deposits	2.4	3.2	5.1	6.6	10,315.1	14.5	22.8	18.6
Interest on borrowings					0.0	0.0	0.0
	2.8	3.8	6.1	8.2	12,246.6	16.8	25.4	20.8
Net interest income	20.7	22.2	22.8	22.3	19,820.8	21.0	21.5	20.3
Provision for loan losses	-2.0	2.5	4.2	4.7	10,735.0	4.4	11.0	2.2
Net interest income after provision for loan losses	22.7	19.7	18.5	17.5	9,085.8	16.6	10.6	18.1
Deposit and loan fees	1.1	1.1	1.1	1.1	1,121.4	1.2	1.0	0.7
Gain on sale of investments, net	1.3	0.1	0.6	1.0	264.1	0.1
Other non-interest income	7.8	7.3	6.4	5.7	11,243.9	5.0	4.8
Total non-interest income	10.3	8.5	8.2	7.8	12,629.4	6.3	5.8	5.1
Non-interest expenses	21.5	20.9	21.6	21.2	22,997.6	21.0	20.7	18.1
Asset impairment		0.0	-0.1	-0.2
Pre-tax income	11.4	7.4	5.1	4.1	-7,824.0	1.9	-4.4	5.1
Income taxes	3.3	1.6	-1.6	0.9	-2,216.6	0.0	-1.8	1.4
Tax rate	29.1%	21.9%		22.6%	28.3%	1.2%	40.6%	27.9%
Net income	8.1	5.7	6.6	3.2	-5,608.9	1.9	0.0	3.7
Net margin	24.6%	20.4%	24.8%	12.5%	-25.8%	8.2%	0.0%	15.9%

Basic EPS	$1.73	$1.18	$1.37	$0.73	($1,371.23)		($0.64)
Diluted EPS	$1.73	$1.18	$1.36	$0.69	($1,371.23)		($0.64)

Shares outstanding (basic)	4.7	4.9	4.8	4.3	4.1		0.0
Shares outstanding (diluted)	4.7	4.9	4.9	4.6	4.1		0.0

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.