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 | 10-K | 10-K | 10-K | 10-K |
Interest income: |
Interest income on loans | 40.0 | 34.8 | 31.7 | 29.1 | 27.5 | 22.1 | 22.0 | 21.4 |
Interest income on investments | 5.6 | 5.9 | 5.6 | 4.5 | | | | |
Interest income on repurchase agreements | 0.1 | 0.2 | 0.2 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 |
| 46.1 | 42.6 | 40.2 | 35.2 | 32.3 | 26.0 | 25.9 | 25.1 |
Interest expense: |
Interest on deposits | 1.1 | 1.6 | 1.6 | 1.1 | 0.8 | 0.6 | 0.6 | 0.8 |
| 3.4 | 4.7 | 1.6 | 1.1 | 0.8 | 0.6 | 0.6 | 0.8 |
Net interest income | 45.0 | 41.0 | 38.6 | 34.2 | 31.5 | 25.4 | 25.3 | 24.3 |
Provision for loan losses | 2.2 | 0.5 | 0.6 | 0.4 | 0.5 | | | |
Net interest income after provision for loan losses | 42.8 | 40.5 | 38.0 | 33.8 | 31.0 | 25.4 | 25.3 | 24.3 |
Deposit and loan fees | | | | | 1.4 | 1.2 | 1.3 | 1.2 |
Gain on sale of investments, net | | | | | 0.1 | 0.2 | 0.2 | 0.1 |
Other non-interest income | 4.8 | 5.0 | 4.7 | 6.0 | 3.0 | 2.7 | 2.2 | 2.0 |
Total non-interest income | 4.8 | 5.0 | 4.7 | 6.0 | 4.4 | 4.1 | 3.8 | 3.3 |
Non-interest expenses | 29.9 | 28.8 | 27.4 | 24.6 | 24.3 | 22.7 | 20.2 | 18.7 |
Pre-tax income | 17.7 | 16.7 | 15.3 | 15.2 | 11.1 | 7.0 | 10.7 | 8.6 |
Income taxes | 4.1 | 4.2 | 3.8 | 6.1 | 3.5 | 2.1 | 3.6 | 2.7 |
Tax rate | 22.9% | 25.2% | 24.8% | 40.3% | 31.2% | 29.5% | 33.4% | 31.5% |
Net income | 13.7 | 12.5 | 11.5 | 9.1 | 7.7 | 4.9 | 7.1 | 5.8 |
Net margin | 28.7% | 27.4% | 27.0% | 22.8% | 21.6% | 16.6% | 24.5% | 21.1% |
|
Basic EPS | $1.68 | $1.54 | $1.43 | $1.13 | $0.95 | $0.61 | $0.90 | $0.75 |
Diluted EPS | $1.68 | $1.54 | $1.42 | $1.13 | $0.95 | $0.61 | $0.89 | $0.74 |
|
Shares outstanding (basic) | 8.1 | 8.1 | 8.1 | 8.1 | 8.0 | 8.0 | 7.9 | 7.8 |
Shares outstanding (diluted) | 8.1 | 8.1 | 8.1 | 8.1 | 8.1 | 8.0 | 8.0 | 7.8 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |