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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest income:    
Loans, including loan fees $ 33,862 $ 33,778
Investment securities:    
Taxable 1,814 2,072
Tax-exempt 545 491
Other interest income 655 662
Total interest income 36,876 37,003
Interest expense:    
Deposits 2,922 4,957
Short-term borrowings 0 27
Long-term borrowings 313 756
Total interest expense 3,235 5,740
Net interest income 33,641 31,263
Provision for credit losses 500 3,000
Net interest income after provision for credit losses 33,141 28,263
Noninterest income:    
Mortgage income, net 7,230 2,327
BOLI income 527 703
Asset gains (losses), net 711 (654)
Other income 1,072 521
Total noninterest income 17,126 9,585
Noninterest expense:    
Personnel 15,116 13,323
Occupancy, equipment and office 4,137 4,204
Business development and marketing 989 1,359
Data processing 2,658 2,563
Intangibles amortization 852 993
FDIC assessments 595 0
Other expense 1,734 1,412
Total noninterest expense 26,081 23,854
Income before income tax expense 24,186 13,994
Income tax expense 5,947 3,321
Net income 18,239 10,673
Less: Net income attributable to noncontrolling interest 0 118
Net income attributable to Nicolet Bankshares, Inc. $ 18,239 $ 10,555
Earnings per common share:    
Basic (in dollars per share) $ 1.82 $ 1.00
Diluted (in dollars per share) $ 1.75 $ 0.98
Weighted average common shares outstanding:    
Basic (in shares) 9,997,634 10,515,778
Diluted (in shares) 10,403,309 10,800,636
Trust services fee income    
Noninterest income:    
Fees and commissions $ 1,775 $ 1,579
Brokerage fee income    
Noninterest income:    
Fees and commissions 2,793 2,322
Service charges on deposit accounts    
Noninterest income:    
Fees and commissions 1,091 1,225
Card interchange income    
Noninterest income:    
Fees and commissions $ 1,927 $ 1,562