NICOLET BANKSHARES INC NCBS Income Statement

Nicolet bankshares inc (NCBS)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12
Interest income:
Loans, including loan fees
33,778	33,013	31,334	31,209	29,968	29,309	28,997	27,193	28,454	27,444	27,329	24,673	21,095	19,970	21,049	16,836	11,570	11,717	11,159	10,783	11,979	11,513	11,945	11,616	11,007	11,535	12,856	9,828	6,781	7,344	6,815	6,530	6,456
Investment securities:
Taxable
2,072	2,006	1,904	2,041	1,633	1,565	1,564	1,597	1,342	1,306	1,114	1,239	1,069	961	902	762	404	362	339	365	394	394	379	415	418	393	309	278	127	157	149	157	162
Tax-exempt
491	501	503	522	549	559	572	577	588	599	604	592	565	540	493	391	262	268	253	264	271	242	208	170	173	190	195	187	173	172	201	205	214
Federal funds sold
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1
Other interest income
662	672	926	798	1,009	894	747	1,178	401	487	407	376	354	421	351	362	193	116	108	119	100	115	91	128	135	122	77	65	80	64	47	51	71
Total interest income
37,003	36,192	34,667	34,570	33,159	32,327	31,880	30,545	30,785	29,836	29,454	26,880	23,083	21,892	22,795	18,351	12,429	12,463	11,859	11,531	12,744	12,264	12,623	12,329	11,733	12,240	13,437	10,358	7,161	7,736	7,212	6,943	6,904
Interest expense:
Deposits
4,957	4,862	4,596	4,730	4,777	4,408	4,055	3,868	3,089	2,470	2,364	1,665	1,187	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Money market and NOW accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	631	605	490	567	569	558	566	566	544	572	593	563	525	463	514	483	418	398	406
Savings and time deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	719	718	665	705	732	750	743	796	790	793	688	661	618	562	487	592	694	747	966
Short-term borrowings and notes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	150	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short-term borrowings
27	5	0	0	0	1	0	5	3	12	0	51	21	-	-	5	-	-	2	-	0	-	2	4	3	7	11	6	1	1	1	1	1
Long-term borrowings
756	856	881	896	907	889	883	869	819	847	699	637	558	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Notes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	6	74	-	160	158	166	164	178	174	246	252	258	259	344	283	322	322	338	337
Junior subordinated debentures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	376	324	226	223	222	219	217	220	220	218	217	220	221	165	124	126	127	125	125
Subordinated notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	159	159	159	159	159	125	51	-	-	-	-	-	-	-	-	-	-	-	-
Total interest expense
5,740	5,723	5,477	5,626	5,684	5,298	4,938	4,742	3,911	3,329	3,063	2,353	1,766	1,868	1,891	1,885	1,690	1,812	1,842	1,818	1,741	1,751	1,730	1,833	1,753	1,709	1,634	1,540	1,409	1,524	1,562	1,609	1,835
Net interest income
31,263	30,469	29,190	28,944	27,475	27,029	26,942	25,803	26,874	26,507	26,391	24,527	21,317	20,024	20,904	16,466	10,739	10,651	10,017	9,713	11,003	10,513	10,893	10,496	9,980	10,531	11,803	8,818	5,752	6,212	5,650	5,334	5,069
Provision for credit losses
3,000	300	400	300	200	240	340	510	510	450	975	450	450	450	450	450	450	450	450	450	450	675	675	675	675	2,275	1,975	975	975	975	975	1,125	1,250
Net interest income after provision for credit losses
28,263	30,169	28,790	28,644	27,275	26,789	26,602	25,293	26,364	26,057	25,416	24,077	20,867	19,574	20,454	16,016	10,289	10,201	9,567	9,263	10,553	9,838	10,218	9,821	9,305	8,256	9,828	7,843	4,777	5,237	4,675	4,209	3,819
Noninterest income:
Mortgage income, net
2,327	4,916	3,700	2,059	1,203	1,834	1,902	1,528	1,080	1,339	1,774	1,406	842	1,781	2,010	1,132	571	588	811	985	874	775	505	431	215	397	353	714	872	836	846	671	737
BOLI income
703	535	495	880	459	489	1,019	468	442	464	459	454	401	404	318	312	250	247	252	255	242	249	250	220	214	220	224	212	169	188	186	183	153
Rent income
-	-	-	-	-	-	-	-	-	-	285	295	272	-	285	273	262	266	324	282	284	359	292	288	300	308	204	274	250	259	264	240	240
Investment advisory fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	146	95	100	107	98	85	118	124	104	102	110	104	82	76	86	89	83	85	86
Asset gains (losses), net
-654	-133	286	7,572	172	-153	146	972	204	-42	1,305	772	-6	-494	453	100	-5	684	91	740	211	91	140	-442	750	287	1,333	45	4	60	5	237	146
Bargain purchase gain
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,480	10,435	-	-	-	-	-
Other income
521	1,285	1,166	1,624	1,484	1,285	1,484	1,304	1,455	2,063	899	946	546	171	1,904	1,335	635	-842	612	530	458	457	459	452	412	389	382	351	187	184	172	176	161
Total noninterest income
9,585	13,309	12,312	18,560	9,186	9,797	10,649	10,239	8,824	8,621	10,164	9,085	6,769	7,894	8,532	6,370	3,878	4,559	4,185	4,894	4,070	3,900	3,645	2,880	3,760	3,472	5,742	13,766	2,756	2,758	2,685	2,677	2,624
Noninterest expense:
Personnel
13,323	13,628	12,914	15,358	12,537	11,327	12,983	12,674	12,492	12,054	11,488	10,983	9,933	9,282	10,516	8,884	5,348	5,527	5,637	5,668	5,691	5,427	5,366	5,384	5,295	5,168	5,333	5,555	3,559	3,155	3,325	3,393	3,273
Occupancy, equipment and office
4,204	3,827	3,454	3,757	3,750	3,673	3,660	3,454	3,787	3,695	3,559	3,223	2,831	2,952	3,018	2,508	1,798	1,665	1,745	1,733	1,785	1,716	1,735	1,737	1,898	2,015	1,822	1,466	1,104	1,080	1,094	1,102	1,139
Business development and marketing
1,359	1,397	1,428	1,579	1,281	1,185	1,334	1,463	1,342	1,341	1,113	1,317	929	1,135	985	790	578	660	549	550	485	647	548	537	535	877	573	473	425	515	437	352	345
Data processing
2,563	2,730	2,515	2,350	2,355	2,420	2,375	2,399	2,320	2,287	2,238	2,207	1,983	1,962	1,831	1,421	1,156	980	864	890	831	833	816	775	754	758	724	572	423	433	444	410	402
FDIC expense
-	-	-	-	-	-	-	-	-	-	205	145	232	-	247	239	143	146	142	163	164	168	160	203	184	220	240	130	110	158	134	138	136
Intangibles amortization
993	936	914	969	1,053	1,053	1,054	1,100	1,182	1,181	1,173	1,178	1,163	1,163	1,172	874	249	244	248	260	275	275	284	315	335	335	342	286	148	148	155	168	168
Other expense
1,412	2,908	1,662	1,714	1,783	1,963	1,638	1,361	1,519	1,882	1,086	1,260	1,252	2,521	1,250	2,803	746	1,051	664	460	571	1,048	614	533	587	908	1,190	1,104	571	850	340	446	322
Total noninterest expense
23,854	25,426	22,887	25,727	22,759	21,621	23,044	22,451	22,642	21,858	20,862	20,313	18,323	18,386	19,019	17,519	10,018	10,273	9,849	9,724	9,802	10,114	9,523	9,484	9,588	10,281	10,224	9,586	6,340	6,339	5,929	6,009	5,785
Income before income tax expense
13,994	18,052	18,215	21,477	13,702	14,965	14,207	13,081	12,546	12,820	14,718	12,849	9,313	9,082	9,967	4,867	4,149	4,487	3,903	4,433	4,821	3,624	4,340	3,217	3,477	1,447	5,346	12,023	1,193	1,656	1,431	877	658
Income tax expense
3,321	5,670	4,603	2,833	3,352	4,015	3,268	3,255	2,908	3,662	5,133	4,440	3,032	2,939	3,438	1,545	1,449	1,637	1,281	1,463	1,708	1,182	1,552	641	1,232	450	2,421	547	419	701	453	232	143
Net income
10,673	12,382	13,612	18,644	10,350	10,950	10,939	9,826	9,638	9,158	9,585	8,409	6,281	6,143	6,529	3,322	2,700	2,850	2,622	2,970	3,113	2,442	2,788	2,576	2,245	997	2,925	11,476	774	955	978	645	515
Less: Net income attributable to noncontrolling interest
118	87	82	95	83	87	80	89	61	55	74	81	73	56	65	65	46	31	28	35	33	26	23	22	31	15	-22	19	19	18	13	13	13
Net income attributable to Nicolet Bankshares, Inc.
10,555	12,295	13,530	18,549	10,267	10,863	10,859	9,737	9,577	9,103	9,511	8,328	6,208	6,087	6,464	3,257	2,654	2,819	2,594	2,935	3,080	2,416	2,765	2,554	2,214	982	2,947	11,457	755	937	965	632	502
Preferred Stock Dividends and Other Adjustments
-	-	-	-	-	-	-	-	-	-	-	-	-	0	247	274	112	30	60	61	61	61	61	61	61	61	305	305	305	305	305	305	305
Net Income (Loss) Available to Common Stockholders, Basic
-	-	-	-	-	-	-	-	-	-	-	-	-	6,087	6,217	2,983	2,542	2,789	2,534	2,874	3,019	2,355	2,704	2,493	2,153	921	2,642	11,152	450	632	660	327	197
Earnings per common share:
Basic (in dollars per share)
1.00	1.19	1.45	1.98	1.09	1.14	1.13	1.01	0.98	0.94	0.97	0.88	0.72	0.75	0.72	0.41	0.61	0.69	0.64	0.72	0.75	0.57	0.66	0.59	0.51	0.27	0.62	2.79	0.13	0.19	0.19	0.09	0.06
Diluted (in dollars per share)
0.98	1.16	1.40	1.91	1.05	1.11	1.09	0.98	0.94	0.90	0.91	0.83	0.69	0.72	0.69	0.39	0.57	0.63	0.58	0.66	0.70	0.54	0.63	0.58	0.50	0.27	0.62	2.78	0.13	0.19	0.19	0.09	0.06
Weighted average common shares outstanding:
Basic (in shares)
10,515	10,065	9,346	9,374	9,461	9,523	9,633	9,639	9,765	9,822	9,837	9,515	8,584	8,585	8,607	7,257	4,181	4,016	3,961	4,007	4,031	4,087	4,118	4,212	4,242	4,246	4,228	3,999	3,432	3,413	3,414	3,452	3,480
Diluted (in shares)
10,801	10,454	9,697	9,692	9,758	9,681	9,949	9,970	10,224	10,473	10,408	9,991	8,958	9,000	8,969	7,629	4,456	4,377	4,397	4,366	4,307	4,309	4,319	4,332	4,283	4,260	4,238	4,008	3,445	3,377	3,431	3,463	3,494
Trust services fee income
Fees and commissions
1,579	1,596	1,594	1,569	1,468	1,583	1,638	1,671	1,606	1,600	1,479	1,485	1,467	1,435	1,373	1,465	1,162	1,186	1,196	1,236	1,204	1,166	1,179	1,119	1,105	1,092	1,060	1,074	802	762	759	724	730
Brokerage fee income
Fees and commissions
2,322	2,190	2,113	2,002	1,810	1,968	1,732	1,738	1,604	1,544	1,500	1,433	1,259	1,534	992	788	310	161	170	169	170	153	152	166	160	146	114	115	102	81	77	81	84
Service charges on deposit accounts
Fees and commissions
1,225	1,237	1,223	1,194	1,170	1,208	1,247	1,200	1,190	1,237	1,238	1,121	1,008	1,057	1,051	870	593	596	631	612	509	526	564	544	494	529	510	470	284	299	293	280	287
Card interchange income
Fees and commissions
1,562	1,683	1,735	1,660	1,420	1,583	1,481	1,358	1,243	1,268	1,225	1,173	980	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-