XML 15 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Interest income:        
Loans, including loan fees $ 34,047 $ 31,334 $ 101,591 $ 92,511
Investment securities:        
Taxable 2,001 1,904 6,115 5,578
Tax-exempt 542 503 1,542 1,574
Other interest income 680 926 1,917 2,733
Total interest income 37,270 34,667 111,165 102,396
Interest expense:        
Deposits 3,784 4,596 13,196 14,103
Short-term borrowings 0 0 65 0
Long-term borrowings 926 881 2,584 2,684
Total interest expense 4,710 5,477 15,845 16,787
Net interest income 32,560 29,190 95,320 85,609
Provision for credit losses 3,000 400 9,000 900
Net interest income after provision for credit losses 29,560 28,790 86,320 84,709
Noninterest income:        
Mortgage income, net 9,675 3,700 21,965 6,962
BOLI income 531 495 1,774 1,834
Asset gains (losses), net 217 286 (1,185) 8,030
Other income 1,237 1,166 3,245 4,274
Total noninterest income 18,691 12,312 45,747 40,058
Noninterest expense:        
Personnel 14,072 12,914 41,877 40,809
Occupancy, equipment and office 4,051 3,454 12,616 10,961
Business development and marketing 810 1,428 4,683 4,288
Data processing 2,658 2,515 7,620 7,220
Intangibles amortization 834 914 2,707 2,936
Other expense 1,260 1,662 5,849 5,159
Total noninterest expense 23,685 22,887 75,352 71,373
Income before income tax expense 24,566 18,215 56,715 53,394
Income tax expense 6,434 4,603 14,331 10,788
Net income 18,132 13,612 42,384 42,606
Less: Net income attributable to noncontrolling interest 30 82 249 260
Net income attributable to Nicolet Bankshares, Inc. $ 18,102 $ 13,530 $ 42,135 $ 42,346
Earnings per common share:        
Basic (in dollars per share) $ 1.75 $ 1.45 $ 4.04 $ 4.51
Diluted (in dollars per share) $ 1.72 $ 1.40 $ 3.97 $ 4.36
Weighted average common shares outstanding:        
Basic (in shares) 10,348,862 9,346,814 10,426,228 9,393,795
Diluted (in shares) 10,498,552 9,696,850 10,604,732 9,706,795
Trust services fee income        
Noninterest income:        
Fees and commissions $ 1,628 $ 1,594 $ 4,717 $ 4,631
Brokerage fee income        
Noninterest income:        
Fees and commissions 2,489 2,113 7,080 5,925
Service charges on deposit accounts        
Noninterest income:        
Fees and commissions 1,037 1,223 3,075 3,587
Card interchange income        
Noninterest income:        
Fees and commissions $ 1,877 $ 1,735 $ 5,076 $ 4,815