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Consolidated Balance Sheets - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Assets    
Cash and due from banks $ 88,460,000 $ 75,433,000
Interest-earning deposits 714,399,000 106,626,000
Federal funds sold 0 0
Cash and cash equivalents [1] 802,859,000 182,059,000
Certificates of deposit in other banks 29,521,000 19,305,000
Securities available for sale (“AFS”), at fair value 539,337,000 449,302,000
Other investments 27,619,000 24,072,000
Loans held for sale 21,450,000 2,706,000
Loans 2,789,101,000 2,573,751,000
Allowance for credit losses - loans (“ACL-Loans”) (32,173,000) (13,972,000)
Loans, net 2,756,928,000 2,559,779,000
Premises and equipment, net 59,944,000 56,469,000
Bank owned life insurance (“BOLI”) 83,262,000 78,140,000
Goodwill and other intangibles, net 175,353,000 165,967,000
Accrued interest receivable and other assets 55,516,000 39,461,000
Total assets 4,551,789,000 3,577,260,000
Liabilities:    
Noninterest-bearing demand deposits 1,212,787,000 819,055,000
Interest-bearing deposits 2,697,612,000 2,135,398,000
Total deposits 3,910,399,000 2,954,453,000
Short-term borrowings 0 0
Long-term borrowings 53,869,000 67,629,000
Accrued interest payable and other liabilities 48,332,000 38,188,000
Total liabilities 4,012,600,000 3,060,270,000
Stockholders’ Equity:    
Common stock 100,000 106,000
Additional paid-in capital 273,390,000 312,733,000
Retained earnings 252,952,000 199,005,000
Accumulated other comprehensive income (loss) 12,747,000 4,418,000
Total Nicolet Bankshares, Inc. stockholders’ equity 539,189,000 516,262,000
Noncontrolling interest 0 728,000
Total stockholders’ equity and noncontrolling interest 539,189,000 516,990,000
Total liabilities, noncontrolling interest and stockholders’ equity $ 4,551,789,000 $ 3,577,260,000
Preferred shares authorized (no par value) (in shares) 10,000,000 10,000,000
Preferred shares issued and outstanding (in shares) 0 0
Common shares authorized (par value $0.01 per share) (in shares) 30,000,000 30,000,000
Common shares outstanding (in shares) 10,011,342 10,587,738
Common shares issued (in shares) 10,030,267 10,610,259
[1] Cash and cash equivalents at December 31, 2020 include restricted cash of $1.9 million pledged as collateral on interest rate swaps and no reserve balance was required with the Federal Reserve. At December 31, 2019 cash and cash equivalents included restricted cash of $1.3 million pledged as collateral on interest rate swaps and $6.0 million for the reserve balance required with the Federal Reserve, while at December 31, 2018, cash and cash equivalents included $6.3 million for the reserve balance required with the Federal Reserve and no cash was pledged as collateral on interest rate swaps.