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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Interest income:      
Loans, including loan fees $ 136,372 $ 125,524 $ 113,953
Investment securities:      
Taxable 8,118 7,584 6,068
Tax-exempt 2,101 2,075 2,296
Other interest income 2,611 3,405 3,220
Total interest income 149,202 138,588 125,537
Interest expense:      
Deposits 16,641 18,965 15,420
Short-term borrowings 66 5 9
Long-term borrowings 3,157 3,540 3,460
Total interest expense 19,864 22,510 18,889
Net interest income 129,338 116,078 106,648
Provision for credit losses 10,300 1,200 1,600
Net interest income after provision for credit losses 119,038 114,878 105,048
Noninterest income:      
Mortgage income, net 29,807 11,878 6,344
BOLI income 2,710 2,369 2,418
Asset gains (losses), net (1,805) 7,897 1,169
Other income 4,492 5,559 5,528
Total noninterest income 62,626 53,367 39,509
Noninterest expense:      
Personnel 57,121 54,437 49,476
Occupancy, equipment and office 16,718 14,788 14,574
Business development and marketing 5,396 5,685 5,324
Data processing 10,694 9,950 9,514
Intangibles amortization 3,567 3,872 4,389
Other expense 7,223 8,067 6,481
Total noninterest expense 100,719 96,799 89,758
Income before income tax expense 80,945 71,446 54,799
Income tax expense 20,476 16,458 13,446
Net income 60,469 54,988 41,353
Less: Net income attributable to noncontrolling interest 347 347 317
Net income attributable to Nicolet Bankshares, Inc. $ 60,122 $ 54,641 $ 41,036
Earnings per common share:      
Basic (in dollars per share) $ 5.82 $ 5.71 $ 4.26
Diluted (in dollars per share) $ 5.70 $ 5.52 $ 4.12
Weighted average common shares outstanding:      
Basic (in shares) 10,337,138 9,561,978 9,640,258
Diluted (in shares) 10,541,251 9,900,319 9,956,353
Trust services fee income      
Noninterest income:      
Fees and commissions $ 6,463 $ 6,227 $ 6,498
Brokerage fee income      
Noninterest income:      
Fees and commissions 9,753 8,115 7,042
Service charges on deposit accounts      
Noninterest income:      
Fees and commissions 4,208 4,824 4,845
Card interchange income      
Noninterest income:      
Fees and commissions $ 6,998 $ 6,498 $ 5,665