Nicolet bankshares inc (NCBS)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12
Interest income:
Loans, including loan fees

125,524

113,953

100,541

69,425

45,638

46,081

41,000

27,145

Investment securities:
Taxable

7,584

6,068

4,728

3,029

1,460

1,606

1,107

625

Tax-exempt

2,075

2,296

2,360

1,686

1,056

793

745

792

Other interest income

3,405

3,220

1,624

1,327

443

469

344

233

Total interest income

138,588

125,537

109,253

75,467

48,597

48,949

43,196

28,795

Interest expense:
Deposits

18,965

15,420

7,686

5,144

-

-

-

-

Money market and NOW accounts

-

-

-

-

2,260

2,275

2,065

1,705

Savings and time deposits

-

-

-

-

2,930

3,067

2,328

2,999

Short-term borrowings

5

9

84

0

-

-

25

4

Long-term borrowings

3,540

3,460

2,741

2,190

-

-

-

-

Notes payable

-

-

-

-

648

850

1,144

1,319

Junior subordinated debentures

-

-

-

-

881

875

730

503

Subordinated notes

-

-

-

-

494

-

-

-

Total interest expense

22,510

18,889

10,511

7,334

7,213

7,067

6,292

6,530

Net interest income

116,078

106,648

98,742

68,133

41,384

41,882

36,904

22,265

Provision for credit losses

1,200

1,600

2,325

1,800

1,800

2,700

6,200

4,325

Net interest income after provision for credit losses

114,878

105,048

96,417

66,333

39,584

39,182

30,704

17,940

Noninterest income:
Mortgage income, net

11,878

6,344

5,361

5,494

3,258

1,926

2,336

3,090

BOLI income

2,369

2,418

1,778

1,284

996

933

825

710

Rent income

-

-

-

-

1,156

1,239

1,036

1,003

Investment advisory fees

-

-

-

-

408

440

348

343

Asset gains (losses), net

7,897

1,169

2,029

54

1,726

539

1,669

448

Bargain purchase gain

-

-

-

-

-

-

11,915

-

Other income

5,559

5,528

4,454

4,045

758

1,780

1,309

693

Total noninterest income

53,367

39,509

34,639

26,674

17,708

14,185

25,736

10,744

Noninterest expense:
Personnel

54,437

49,476

44,458

34,030

22,523

21,472

19,615

13,146

Occupancy, equipment and office

14,788

14,574

13,308

10,276

6,928

7,086

6,407

4,415

Business development and marketing

5,685

5,324

4,700

3,488

2,244

2,267

2,348

1,649

Data processing

9,950

9,514

8,715

6,370

3,565

3,178

2,477

1,689

FDIC expense

-

-

-

-

615

715

700

566

Intangibles amortization

3,872

4,389

4,695

3,458

1,027

1,209

1,111

639

Other expense

8,067

6,481

5,480

7,320

2,746

2,782

3,773

1,958

Total noninterest expense

96,799

89,758

81,356

64,942

39,648

38,709

36,431

24,062

Income before income tax expense

71,446

54,799

49,700

28,065

17,644

14,658

20,009

4,622

Income tax expense

16,458

13,446

16,267

9,371

6,089

4,607

3,837

1,529

Net income

54,988

41,353

33,433

18,694

11,555

10,051

16,172

3,093

Less: Net income attributable to noncontrolling interest

347

317

283

232

127

102

31

57

Net income attributable to Nicolet Bankshares, Inc.

54,641

41,036

33,150

18,462

11,428

9,949

16,141

3,036

Preferred Stock Dividends and Other Adjustments

-

-

-

633

212

244

976

1,220

Net Income (Loss) Available to Common Stockholders, Basic

-

-

-

17,829

11,216

9,705

15,165

1,816

Earnings per common share:
Basic (in dollars per share)

5.71

4.26

3.51

2.49

2.80

2.33

3.81

0.53

Diluted (in dollars per share)

5.52

4.12

3.33

2.37

2.57

2.25

3.80

0.53

Weighted average common shares outstanding:
Basic (in shares)

9,561

9,640

9,439

7,158

4,003

4,165

3,976

3,440

Diluted (in shares)

9,900

9,956

9,958

7,514

4,362

4,311

3,988

3,441

Trust services fee income
Fees and commissions

6,227

6,498

6,031

5,435

4,822

4,569

4,028

2,975

Brokerage fee income
Fees and commissions

8,115

7,042

5,736

3,624

670

631

477

323

Service charges on deposit accounts
Fees and commissions

4,824

4,845

4,604

3,571

2,348

2,128

1,793

1,159

Card interchange income
Fees and commissions

6,498

5,665

4,646

3,167

1,566

-

-

-