In millions, except per share items | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Interest income: |
Interest income on loans | 104.5 | 68.1 | 56.0 | 47.9 | 41.7 | 40.2 | 33.8 | 28.4 |
Interest income on investments | 2.0 | 1.8 | 1.6 | 1.2 | | | | |
Interest income on repurchase agreements | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| 111.3 | 73.6 | 60.5 | 51.5 | 45.6 | 44.3 | 38.2 | 32.3 |
Interest expense: |
Interest on deposits | 14.6 | 7.3 | 5.5 | 4.2 | 3.4 | 3.7 | 4.2 | 4.4 |
Interest on borrowings | | | | | | 0.5 | 0.8 | 0.8 |
| 21.3 | 11.5 | 7.5 | 4.9 | 3.9 | 4.2 | 5.1 | 5.2 |
Net interest income | 89.9 | 62.1 | 52.9 | 46.6 | 41.7 | 40.1 | 33.2 | 27.1 |
Provision for loan losses | 1.8 | 1.0 | 1.6 | 1.3 | 2.8 | 1.5 | 1.5 | 1.8 |
Net interest income after provision for loan losses | 88.1 | 61.2 | 51.4 | 45.3 | 38.9 | 38.6 | 31.6 | 25.3 |
Deposit and loan fees | | | | 1.7 | 1.9 | 1.6 | 1.3 | 1.2 |
Gain on sale of investments, net | | | | 0.1 | 0.1 | 0.6 | 1.2 | 0.1 |
Other non-interest income | 12.0 | 7.8 | 8.3 | 5.1 | 3.9 | 15.6 | 1.3 | 1.1 |
Total non-interest income | 12.0 | 7.8 | 8.3 | 6.8 | 6.0 | 17.8 | 3.7 | 2.5 |
Non-interest expenses | 62.7 | 44.8 | 39.6 | 36.3 | 35.0 | 36.1 | 25.2 | 20.6 |
Pre-tax income before non-recurring items | 47.1 | 28.4 | 20.9 | 17.6 | 10.2 | 15.2 | 11.0 | 7.7 |
Non-recurring items | 9.7 | 4.3 | 0.9 | 1.8 | 0.5 | 3.8 | 0.9 | 0.6 |
Pre-tax income | 37.4 | 24.1 | 20.0 | 15.8 | 9.8 | 11.3 | 10.2 | 7.2 |
Income taxes | 10.2 | 8.2 | 6.8 | 5.4 | 2.7 | 3.6 | 2.7 | 1.9 |
Tax rate | 27.2% | 33.8% | 34.1% | 34.0% | 27.5% | 31.7% | 26.7% | 26.9% |
Minority interest | | | 0.0 | 0.0 | 0.0 | -0.1 | -0.1 | -0.1 |
Net income | 27.2 | 16.0 | 13.2 | 10.5 | 7.1 | 7.8 | 7.5 | 5.4 |
Net margin | 27.2% | 23.1% | 22.1% | 20.1% | 15.9% | 13.9% | 21.3% | 19.4% |
|
Basic EPS | $1.73 | $1.38 | $1.21 | $0.98 | $0.66 | $0.87 | $1.10 | $0.86 |
Diluted EPS | $1.71 | $1.35 | $1.20 | $0.97 | $0.65 | $0.86 | $1.09 | $0.86 |
|
Shares outstanding (basic) | 15.7 | 11.6 | 10.8 | 10.6 | 10.8 | 9.0 | 6.8 | 6.2 |
Shares outstanding (diluted) | 15.9 | 11.8 | 11.0 | 10.8 | 10.9 | 9.1 | 6.9 | 6.3 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |