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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Interest income:        
Loans, including loan fees $ 31,334 $ 28,997 $ 92,511 $ 84,644
Investment securities:        
Taxable 1,904 1,564 5,578 4,503
Tax-exempt 503 572 1,574 1,737
Other interest income 926 747 2,733 2,326
Total interest income 34,667 31,880 102,396 93,210
Interest expense:        
Deposits 4,596 4,055 14,103 11,012
Short-term borrowings 0 0 0 8
Long-term borrowings 881 883 2,684 2,571
Total interest expense 5,477 4,938 16,787 13,591
Net interest income 29,190 26,942 85,609 79,619
Provision for loan losses 400 340 900 1,360
Net interest income after provision for loan losses 28,790 26,602 84,709 78,259
Noninterest income:        
Mortgage income, net 3,700 1,902 6,962 4,510
BOLI income 495 1,019 1,834 1,929
Asset gains (losses), net 286 146 8,030 1,322
Other income 1,166 1,484 4,274 4,243
Total noninterest income 12,312 10,649 40,058 29,712
Noninterest expense:        
Personnel 12,914 12,983 40,809 38,149
Occupancy, equipment and office 3,454 3,660 10,961 10,901
Business development and marketing 1,428 1,334 4,288 4,139
Data processing 2,515 2,375 7,220 7,094
Intangibles amortization 914 1,054 2,936 3,336
Other expense 1,662 1,638 5,159 4,518
Total noninterest expense 22,887 23,044 71,373 68,137
Income before income tax expense 18,215 14,207 53,394 39,834
Income tax expense 4,603 3,268 10,788 9,431
Net income 13,612 10,939 42,606 30,403
Less: Net income attributable to noncontrolling interest 82 80 260 230
Net income attributable to Nicolet Bankshares, Inc. $ 13,530 $ 10,859 $ 42,346 $ 30,173
Earnings per common share:        
Basic (in dollars per share) $ 1.45 $ 1.13 $ 4.51 $ 3.12
Diluted (in dollars per share) $ 1.40 $ 1.09 $ 4.36 $ 3.02
Weighted average common shares outstanding:        
Basic (in shares) 9,346,814 9,633,158 9,393,795 9,678,726
Diluted (in shares) 9,696,850 9,949,295 9,706,795 10,004,316
Trust services fee income        
Noninterest income:        
Fees and commissions $ 1,594 $ 1,638 $ 4,631 $ 4,915
Brokerage fee income        
Noninterest income:        
Fees and commissions 2,113 1,732 5,925 5,074
Service charges on deposit accounts        
Noninterest income:        
Fees and commissions 1,223 1,247 3,587 3,637
Card interchange income        
Noninterest income:        
Fees and commissions $ 1,735 $ 1,481 $ 4,815 $ 4,082