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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest income:    
Loans, including loan fees $ 33,778 $ 29,968
Investment securities:    
Taxable 2,072 1,633
Tax-exempt 491 549
Other interest income 662 1,009
Total interest income 37,003 33,159
Interest expense:    
Deposits 4,957 4,777
Short-term borrowings 27 0
Long-term borrowings 756 907
Total interest expense 5,740 5,684
Net interest income 31,263 27,475
Provision for credit losses 3,000 200
Net interest income after provision for credit losses 28,263 27,275
Noninterest income:    
Mortgage income, net 2,327 1,203
BOLI income 703 459
Asset gains (losses), net (654) 172
Other income 521 1,484
Total noninterest income 9,585 9,186
Noninterest expense:    
Personnel 13,323 12,537
Occupancy, equipment and office 4,204 3,750
Business development and marketing 1,359 1,281
Data processing 2,563 2,355
Intangibles amortization 993 1,053
Other expense 1,412 1,783
Total noninterest expense 23,854 22,759
Income before income tax expense 13,994 13,702
Income tax expense 3,321 3,352
Net income 10,673 10,350
Less: Net income attributable to noncontrolling interest 118 83
Net income attributable to Nicolet Bankshares, Inc. $ 10,555 $ 10,267
Earnings per common share:    
Basic (in dollars per share) $ 1.00 $ 1.09
Diluted (in dollars per share) $ 0.98 $ 1.05
Weighted average common shares outstanding:    
Basic (in shares) 10,515,778 9,461,485
Diluted (in shares) 10,800,636 9,758,351
Trust services fee income    
Noninterest income:    
Fees and commissions $ 1,579 $ 1,468
Brokerage fee income    
Noninterest income:    
Fees and commissions 2,322 1,810
Service charges on deposit accounts    
Noninterest income:    
Fees and commissions 1,225 1,170
Card interchange income    
Noninterest income:    
Fees and commissions $ 1,562 $ 1,420