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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Interest income:        
Loans, including loan fees $ 33,766 $ 31,209 $ 67,544 $ 61,177
Investment securities:        
Taxable 2,042 2,041 4,114 3,674
Tax-exempt 509 522 1,000 1,071
Other interest income 575 798 1,237 1,807
Total interest income 36,892 34,570 73,895 67,729
Interest expense:        
Deposits 4,455 4,730 9,412 9,507
Short-term borrowings 38 0 65 0
Long-term borrowings 902 896 1,658 1,803
Total interest expense 5,395 5,626 11,135 11,310
Net interest income 31,497 28,944 62,760 56,419
Provision for credit losses 3,000 300 6,000 500
Net interest income after provision for credit losses 28,497 28,644 56,760 55,919
Noninterest income:        
Mortgage income, net 9,963 2,059 12,290 3,262
BOLI income 540 880 1,243 1,339
Asset gains (losses), net (748) 7,572 (1,402) 7,744
Other income 1,487 1,624 2,008 3,108
Total noninterest income 17,471 18,560 27,056 27,746
Noninterest expense:        
Personnel 14,482 15,358 27,805 27,895
Occupancy, equipment and office 4,361 3,757 8,565 7,507
Business development and marketing 2,514 1,579 3,873 2,860
Data processing 2,399 2,350 4,962 4,705
Intangibles amortization 880 969 1,873 2,022
Other expense 3,177 1,714 4,589 3,497
Total noninterest expense 27,813 25,727 51,667 48,486
Income before income tax expense 18,155 21,477 32,149 35,179
Income tax expense 4,576 2,833 7,897 6,185
Net income 13,579 18,644 24,252 28,994
Less: Net income attributable to noncontrolling interest 101 95 219 178
Net income attributable to Nicolet Bankshares, Inc. $ 13,478 $ 18,549 $ 24,033 $ 28,816
Earnings per common share:        
Basic (in dollars per share) $ 1.29 $ 1.98 $ 2.30 $ 3.06
Diluted (in dollars per share) $ 1.28 $ 1.91 $ 2.25 $ 2.97
Weighted average common shares outstanding:        
Basic (in shares) 10,417,226 9,374,348 10,466,590 9,417,676
Diluted (in shares) 10,519,739 9,692,378 10,659,318 9,710,827
Trust services fee income        
Noninterest income:        
Fees and commissions $ 1,510 $ 1,569 $ 3,089 $ 3,037
Brokerage fee income        
Noninterest income:        
Fees and commissions 2,269 2,002 4,591 3,812
Service charges on deposit accounts        
Noninterest income:        
Fees and commissions 813 1,194 2,038 2,364
Card interchange income        
Noninterest income:        
Fees and commissions $ 1,637 $ 1,660 $ 3,199 $ 3,080