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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Interest income:        
Loans, including loan fees $ 10,783 $ 11,616 $ 22,762 $ 22,623
Investment securities:        
Taxable 365 415 759 833
Non-taxable 264 170 535 343
Other interest income 119 128 219 263
Total interest income 11,531 12,329 24,275 24,062
Interest expense:        
Money market and NOW accounts 558 572 1,124 1,165
Savings and time deposits 750 793 1,493 1,481
Short-term borrowings   4   7
Junior subordinated debentures 219 218 436 435
Subordinated notes 125   176  
Notes payable 166 246 330 498
Total interest expense 1,818 1,833 3,559 3,586
Net interest income 9,713 10,496 20,716 20,476
Provision for loan losses 450 675 900 1,350
Net interest income after provision for loan losses 9,263 9,821 19,816 19,126
Noninterest income:        
Service charges on deposit accounts 612 544 1,121 1,038
Trust services fee income 1,236 1,119 2,440 2,224
Mortgage income 985 431 1,859 646
Brokerage fee income 169 166 339 326
Bank owned life insurance 255 220 497 434
Rent income 282 288 566 588
Investment advisory fees 85 102 203 212
Gain (loss) on sale or writedown of assets, net 740 (442) 951 308
Other 530 452 988 864
Total noninterest income 4,894 2,880 8,964 6,640
Noninterest expense:        
Salaries and employee benefits 5,668 5,384 11,359 10,679
Occupancy, equipment and office 1,733 1,737 3,518 3,635
Business development and marketing 550 537 1,035 1,072
Data processing 890 775 1,721 1,529
FDIC assessments 163 203 327 387
Core deposit intangible amortization 260 315 535 650
Other 460 533 1,031 1,120
Total noninterest expense 9,724 9,484 19,526 19,072
Income before income tax expense 4,433 3,217 9,254 6,694
Income tax expense 1,463 641 3,171 1,873
Net income 2,970 2,576 6,083 4,821
Less: net income attributable to noncontrolling interest 35 22 68 53
Net income attributable to Nicolet Bankshares, Inc. 2,935 2,554 6,015 4,768
Less: preferred stock dividends 61 61 122 122
Net income available to common shareholders $ 2,874 $ 2,493 $ 5,893 $ 4,646
Basic earnings per common share (in dollars per share) [1] $ 0.72 $ 0.59 $ 1.47 $ 1.10
Diluted earnings per common share (in dollars per share) [1] $ 0.66 $ 0.58 $ 1.36 $ 1.08
Weighted average common shares outstanding:        
Basic (in shares) 4,007,368 4,212,174 4,019,279 4,227,446
Diluted (in shares) 4,366,295 4,332,016 4,337,780 4,312,005
[1] Cumulative quarterly per share performance may not equal annual per share totals due to the effects of the amount and timing of capital increases. When computing earnings per share for an interim period, the denominator is based on the weighted-average shares outstanding during the interim period, and not on an annualized weighted-average basis. Accordingly, the sum of the quarters' earnings per share data will not necessarily equal the year to date earnings per share data.