In millions, except per share items | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Interest income: |
Interest income on loans | 79.1 | 70.9 | 57.0 | 39.5 | 16.2 | 17.6 | 20.0 | 25.0 |
Interest income on investments | 6.5 | 4.1 | 3.5 | 2.6 | 1.7 | 1.6 | 2.7 | 4.7 |
| 86.3 | 75.4 | 60.8 | 42.5 | 18.4 | 19.8 | 23.1 | 29.8 |
Interest expense: |
Interest on deposits | 7.0 | 6.5 | 5.3 | 4.5 | 3.3 | 4.3 | 6.4 | 9.2 |
| 10.7 | 7.9 | 6.4 | 5.1 | 3.4 | 4.4 | 6.7 | 9.8 |
Net interest income | 75.5 | 67.5 | 54.5 | 37.4 | 15.0 | 15.4 | 16.4 | 20.0 |
Provision for loan losses | 4.5 | 2.5 | 1.8 | 1.6 | | 0.0 | 0.9 | 7.0 |
Net interest income after provision for loan losses | 71.0 | 65.0 | 52.7 | 35.8 | 15.0 | 15.4 | 15.5 | 13.0 |
Deposit and loan fees | 10.0 | 9.0 | 7.9 | 5.3 | 3.1 | 4.0 | 4.9 | 5.0 |
Gain on sale of investments, net | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.5 | -0.4 | 1.2 |
Other non-interest income | 7.7 | 7.7 | 5.6 | 4.7 | 2.3 | 2.1 | 1.9 | 3.3 |
Total non-interest income | 17.7 | 16.7 | 13.5 | 10.0 | 5.4 | 6.6 | 6.3 | 9.5 |
Non-interest expenses | 54.5 | 57.3 | 51.0 | 42.1 | 19.7 | 21.2 | 40.9 | 27.0 |
Pre-tax income | 34.3 | 24.3 | 15.2 | 3.7 | 0.7 | 0.8 | -19.0 | -5.0 |
Income taxes | 13.0 | 6.9 | 4.6 | -20.6 | 0.0 | 0.0 | 0.0 | -0.5 |
Tax rate | 37.9% | 28.2% | 30.5% | | 1.5% | 0.0% | 0.0% | 9.5% |
Net income | 21.3 | 17.5 | 10.6 | 24.3 | 0.7 | 0.8 | -8.5 | -4.9 |
Net margin | 24.0% | 21.4% | 16.0% | 53.1% | 3.6% | 3.4% | -39.1% | -21.9% |
|
Basic EPS | $0.57 | $0.46 | $0.31 | $0.86 | $0.03 | $0.04 | ($0.67) | ($5.08) |
Diluted EPS | $0.56 | $0.46 | $0.30 | $0.84 | $0.03 | $0.04 | ($0.67) | ($5.08) |
|
Shares outstanding (basic) | 37.7 | 37.6 | 34.5 | 28.4 | 22.1 | 19.3 | 12.7 | 1.0 |
Shares outstanding (diluted) | 37.9 | 37.8 | 34.7 | 28.9 | 23.2 | 20.6 | 12.7 | 1.0 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |