XML 50 R29.htm IDEA: XBRL DOCUMENT v3.10.0.1
EARNINGS PER COMMON SHARE
 12 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
EARNINGS PER COMMON SHARE
EARNINGS PER COMMON SHARE
See Note 1 for the Company’s accounting policy on earnings per common share. Earnings per common share and related information are summarized as follows.
 
Years Ended December 31,
(in thousands, except per share data)
2018
 
2017
 
2016
Net income attributable to Nicolet Bankshares, Inc.
$
41,036

 
$
33,150

 
$
18,462

Less preferred stock dividends
—

 
—

 
633

Net income available to common shareholders
$
41,036

 
$
33,150

 
$
17,829

Weighted average common shares outstanding
9,640

 
9,440

 
7,158

Effect of dilutive common stock awards
316

 
518

 
356

Diluted weighted average common shares outstanding
9,956

 
9,958

 
7,514

Basic earnings per common share
$
4.26

 
$
3.51

 
$
2.49

Diluted earnings per common share
$
4.12

 
$
3.33

 
$
2.37


Options to purchase approximately 0.1 million shares outstanding for the years ended December 31, 2018 and 2017, are excluded from the calculation of diluted earnings per common share as the effect of their exercise would have been anti-dilutive. There were no options to purchase shares that were excluded from the calculation of diluted earnings per share for the year ended December 31, 2016.