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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Assets    
Cash and due from banks $ 85,896 $ 86,191
Interest-earning deposits 163,630 68,008
Federal funds sold 0 734
Cash and cash equivalents [1] 249,526 154,933
Certificates of deposit in other banks 993 1,746
Securities available for sale (“AFS”), at fair value 400,144 405,153
Other investments 17,997 14,837
Loans held for sale 1,639 4,666
Loans 2,166,181 2,087,925
Allowance for loan losses (13,153) (12,653)
Loans, net 2,153,028 2,075,272
Premises and equipment, net 48,173 47,151
Bank owned life insurance (“BOLI”) 66,310 64,453
Goodwill and other intangibles, net 124,307 128,406
Accrued interest receivable and other assets 34,418 35,816
Total assets 3,096,535 2,932,433
Noninterest-bearing Deposit Liabilities 753,065 631,831
Liabilities:    
Interest-bearing Deposit Liabilities 1,861,073 1,839,233
Total deposits 2,614,138 2,471,064
Short-term borrowings 0 0
Long-term borrowings 77,305 78,046
Accrued interest payable and other liabilities 17,740 18,444
Total liabilities 2,709,183 2,567,554
Stockholders’ Equity:    
Common stock 95 98
Additional paid-in capital 247,790 263,835
Retained earnings 144,364 102,391
Accumulated other comprehensive loss (5,640) (2,146)
Total Nicolet Bankshares, Inc. stockholders’ equity 386,609 364,178
Noncontrolling interest 743 701
Total stockholders’ equity and noncontrolling interest 387,352 364,879
Total liabilities, noncontrolling interest and stockholders’ equity $ 3,096,535 $ 2,932,433
Preferred shares authorized (no par value) 10,000,000 10,000,000
Preferred shares issued and outstanding 0 0
Common shares authorized (par value $0.01 per share) 30,000,000 30,000,000
Common shares outstanding 9,495,265 9,818,247
Common shares issued 9,524,777 9,849,167
[1] Cash and cash equivalents include restricted cash of $6.3 million and $5.4 million at December 31, 2018 and 2017, respectively, for the reserve balance required with the Federal Reserve Bank. There was no reserve balance required at December 31, 2016.