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 |
| 8-K | 8-K | 10-K | 10-K | 10-K | 10-K | 10-K/A | 10-K/A |
Interest income: |
Interest income on loans | 99.1 | 64.8 | 56.4 | 55.4 | 51.3 | 43.6 | 37.2 | 35.1 |
Interest income on investments | 11.5 | 5.0 | 3.0 | 3.6 | 4.3 | 4.0 | 3.2 | 3.6 |
| 113.8 | 70.2 | 59.7 | 59.8 | 55.9 | 48.0 | 40.7 | 38.9 |
Interest expense: |
Interest on deposits | 10.0 | 4.5 | 6.4 | 8.7 | 3.5 | 2.2 | 2.4 | 3.3 |
Interest on borrowings | 2.6 | 1.6 | | | | | 0.0 | 0.0 |
| 12.5 | 6.0 | 7.1 | 9.6 | 5.3 | 2.3 | 2.4 | 3.3 |
Net interest income | 101.3 | 64.1 | 52.6 | 50.1 | 50.6 | 45.7 | 38.2 | 35.5 |
Provision for loan losses | 1.9 | -0.4 | 3.9 | 0.7 | 1.7 | 2.3 | 1.8 | 2.1 |
Net interest income after provision for loan losses | 99.4 | 64.5 | 48.7 | 49.4 | 49.0 | 43.4 | 36.4 | 33.5 |
Deposit and loan fees | 5.7 | 3.4 | | | | 3.6 | 3.5 | 2.9 |
Gain on sale of investments, net | | | 0.3 | | | 0.0 | | |
Other non-interest income | 17.4 | 10.1 | 10.4 | 10.0 | 9.0 | 4.6 | 13.2 | 12.5 |
Total non-interest income | 23.1 | 13.5 | 10.7 | 10.0 | 9.0 | 8.2 | 16.6 | 15.4 |
Non-interest expenses | 80.3 | 56.8 | 38.4 | 37.6 | 36.8 | 33.6 | 37.1 | 37.4 |
Pre-tax income before non-recurring items | 44.2 | 29.7 | 21.0 | 21.9 | 33.9 | 18.2 | 15.9 | 11.5 |
Non-recurring items | 2.1 | 8.5 | | | 12.7 | | | |
Asset impairment | | | | | | 0.3 | | |
Pre-tax income | 42.1 | 21.2 | 21.0 | 21.9 | 21.1 | 18.0 | 15.9 | 11.5 |
Income taxes | 11.0 | 5.8 | 5.3 | 5.6 | 5.4 | 8.7 | 6.3 | 4.4 |
Tax rate | 26.0% | 27.4% | 25.3% | 25.6% | 25.4% | 48.6% | 39.4% | 38.3% |
Earnings from continuing ops | 31.2 | 15.4 | 15.7 | 16.4 | 6.5 | 7.2 | 9.6 | 7.1 |
Earnings from discontinued ops | | | 0.0 | -0.1 | 9.2 | 2.0 | | |
Net income | 31.2 | 15.4 | 15.7 | 16.3 | 15.8 | 9.2 | 9.6 | 7.1 |
Net margin | 25.5% | 19.7% | 26.5% | 27.4% | 27.2% | 17.9% | 18.2% | 14.5% |
|
Basic EPS | $1.57 | $1.17 | $1.27 | $1.29 | $0.51 | $0.57 | $0.76 | $0.56 |
Diluted EPS | $1.57 | $1.17 | $1.27 | $1.29 | $0.51 | $0.57 | $0.76 | $0.56 |
|
Shares outstanding (basic) | 19.8 | 13.1 | 12.4 | 12.7 | 12.7 | 12.7 | 12.7 | 12.7 |
Shares outstanding (diluted) | 19.8 | 13.1 | 12.4 | 12.7 | 12.8 | 12.7 | 12.7 | 12.7 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |