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Short and Long-Term Borrowings (Tables)
 6 Months Ended
Jun. 30, 2022
Debt Disclosure [Abstract]  
Schedule of components of long-term borrowings The components of long-term borrowings were as follows.
(in thousands)June 30, 2022December 31, 2021
FHLB advances$5,000 $25,000 
Junior subordinated debentures39,305 38,885 
Subordinated notes152,658 153,030 
Total long-term borrowings
$196,963 $216,915 
Schedule of junior subordinated debentures and subordinated notes
The following table shows the breakdown of junior subordinated debentures and subordinated notes.
As of June 30, 2022
As of December 31, 2021
(in thousands)Maturity
Date		Interest
 Rate		Par
Unamortized Premium /(Discount) / Debt Issue Costs (1)

Carrying
Value		Interest
 Rate
Carrying
Value
Junior Subordinated Debentures:
Mid-Wisconsin Statutory Trust I (2)
12/15/20353.26 %$10,310 $(2,674)$7,636 1.63 %$7,537 
Baylake Capital Trust II (3)
9/30/20363.60 %16,598 (3,292)13,306 1.57 %13,187 
First Menasha Statutory Trust (4)
3/17/20344.82 %5,155 (509)4,646 3.01 %4,624 
County Bancorp Statutory Trust II (5)
9/15/20353.36 %6,186 (1,044)5,142 1.73 %5,061 
County Bancorp Statutory Trust III (6)
6/15/20363.52 %6,186 (987)5,199 1.89 %5,121 
Fox River Valley Capital Trust (7)
5/30/20336.40 %3,610 (234)3,376 6.40 %3,355 
Total$48,045 $(8,740)$39,305 $38,885 
Subordinated Notes:
Subordinated Notes due 20317/15/20313.13 %$100,000 $(838)$99,162 3.13 %$99,057 
County Subordinated Notes due 20286/1/20285.88 %30,000 280 30,280 5.88 %30,402 
County Subordinated Notes due 20306/30/20307.00 %22,400 816 23,216 7.00 %23,571 
Total$152,400 $258 $152,658 $153,030 
(1) Represents the remaining unamortized premium or discount on debt issuances assumed in acquisitions, and represents the unamortized debt issue costs for the debt issued directly by Nicolet.
(2) The debentures, assumed in April 2013 as the result of an acquisition, have a floating rate of three-month LIBOR plus 1.43%, adjusted quarterly.
(3) The debentures, assumed in April 2016 as a result of an acquisition, have a floating rate of three-month LIBOR plus 1.35%, adjusted quarterly.
(4) The debentures, assumed in April 2017 as the result of an acquisition, have a floating rate of three-month LIBOR plus 2.79%, adjusted quarterly.
(5) The debentures, assumed in December 2021 as the result of an acquisition, have a floating rate of three-month LIBOR plus 1.53%, adjusted quarterly.
(6) The debentures, assumed in December 2021 as the result of an acquisition, have a floating rate of three-month LIBOR plus 1.69%, adjusted quarterly.
(7) The debentures, assumed in December 2021 as the result of an acquisition, have a floating rate of 5-year LIBOR plus 3.40%, which resets every five years.