Nicolet National Bank
Nicolet National Bank reported total assets of $15.4 bn at Q2 2026, up 72.6% on a year earlier, the 124th largest of 497 banks in our US coverage. The CET1 capital ratio at Nicolet National Bank was 11.08%, and the uninsured share of Nicolet National Bank was 33.24%. Source: FDIC Call Reports.
Key takeaways
- On efficiency ratio, Nicolet National Bank slipped from 118th to 351st among 500 US banks between and (1 = lowest; FDIC Call Reports).
- Since , Nicolet National Bank has taken over 8 institutions; the latest was MidWestOne Bank on (FDIC Call Reports).
- Nicolet National Bank reports one of the lowest common equity tier 1 (CET1) ratio readings among banks of $10 bn to $100 bn: 11.08% at , where the median of the 126 banks is 12.97% (FDIC Call Reports).
What sets Nicolet National Bank apart
- Over the year to , the bank equity capital of Nicolet National Bank rose by 96.3% to $2.3 bn, a bigger rise than at 99% of covered banks.
- Over the year to , the total deposits of Nicolet National Bank rose by 68.6% to $13.0 bn, a bigger rise than at 99% of covered banks.
- Over the year to , the total assets of Nicolet National Bank rose by 72.6% to $15.4 bn, a bigger rise than at 99% of covered banks.
How large is Nicolet National Bank?
The balance sheet of Nicolet National Bank at : assets $15.4 bn, deposits $13.0 bn, net loans $11.1 bn (loans equal to 85.99% of deposits). Securities make up 13.1% of total assets at Nicolet National Bank. Since , when Nicolet National Bank held $1.2 bn, its assets grew 1,154.3%. In the year to , deposits at Nicolet National Bank rose 68.6% while its total assets rose 72.6%. At , Nicolet National Bank employed 1,632 full-time equivalent staff across 119 offices, about $9.4 mn of assets per employee and $108.8 mn of deposits per office.
How much funding at Nicolet National Bank is uninsured?
At Nicolet National Bank, uninsured deposits (above the FDIC limit) made up 33.24% of domestic deposits at (+3.03 pp on a year earlier); Nicolet National Bank ranks 269th of 500 on this measure. In dollars, Nicolet National Bank estimated $4.3 bn of uninsured deposits.
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total deposits | $13.0 bn | +68.6% | 125th of 499 |
| Net loans and leases | $11.1 bn | +64.2% | 121st of 500 |
| Loan-to-deposit ratio | 85.99% | -2.28 pp | 264th of 500 |
| Tier 1 leverage ratio | 9.64% | -0.03 pp | 353rd of 500 |
| Total risk-based capital ratio | 12.20% | +0.15 pp | 400th of 448 |
| Net interest margin | 4.33% | +0.53 pp | 81st of 500 |
| Return on assets (ROA) | 1.17% | -0.37 pp | 322nd of 500 |
| Efficiency ratio | 61.51% | +11.23 pp | 351st of 500 (1 = lowest) |
| Unrealized gain/loss on available-for-sale securities | Loss of $51.1 mn | Narrowed by $452,000 | |
| Noncurrent loans to total loans | 0.63% | +0.23 pp | 263rd of 500 (1 = lowest) |
| Net charge-offs to average loans | 0.03% | +0.01 pp | 158th of 500 (1 = lowest) |
US rank of Nicolet National Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
Nicolet National Bank: assets, deposits and loans
- Total assets $15.4bn
- Deposits $13.0bn
- Net loans $11.1bn
Capital and securities
The CET1 ratio of Nicolet National Bank stood at 11.08% in , -0.01 pp year on year. Low and high at Nicolet National Bank since : 10.29% () to 12.70% (). Equity capital of Nicolet National Bank at : $2.3 bn, or 15.0% of total assets. Nicolet National Bank also reported a total capital ratio of 12.20% for , and a tier 1 leverage ratio of 9.64%.
The available-for-sale portfolio of Nicolet National Bank showed an unrealized loss of $51.1 mn at ; the loss narrowed by $452,000 over the year.
Nicolet National Bank: capital ratios
- Total capital 12%
- CET1 11%
- Tier 1 leverage 9.6%
Nicolet National Bank: unrealized securities gains and losses
- Available for sale -$51mn
- Held to maturity $0
Profitability and loan quality
For the year to , Nicolet National Bank earned a return on equity of 8.08%; return on assets: 1.17%. Net interest margin at Nicolet National Bank: 4.33%, +0.53 pp in a year. Nicolet National Bank net income: $78.1 mn, up 14.5% year on year. The efficiency ratio of Nicolet National Bank was 61.51%: about 62 cents cost per revenue dollar, against 57 cents at the median peer.
At , noncurrent loans were 0.63% of total loans at Nicolet National Bank; net charge-offs: 0.03% of average loans. Gross loans and leases at Nicolet National Bank: $11.3 bn, up 64.5% in a year.
Nicolet National Bank: profitability
- Return on equity 8.1%
- Net interest margin 4.3%
- Return on assets 1.2%
Peer group of Nicolet National Bank
The peer group of Nicolet National Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 2 share the charter type of Nicolet National Bank (national bank), 6 sit in the same size group ($10 bn to $100 bn) and 0 have head offices in Wisconsin. Against them, Nicolet National Bank shows CET1 ratio 11.08% against a peer median of 13.87%, return on equity 8.08% against a peer median of 9.39% and uninsured deposit share 33.24% against a peer median of 38.00%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Live Oak Banking Company | State nonmember bank | NC | $16.0 bn | 10.46% | 12.59% | 16.60% | |
| Safra National Bank of New York | National bank | NY | $15.7 bn | 23.40% | 9.25% | 53.69% | |
| Sunflower Bank | National bank | TX | $15.7 bn | 12.98% | 2.63% | 31.30% | |
| Nicolet National Bank | National bank | WI | $15.4 bn | 11.08% | 8.08% | 33.24% | |
| First Financial Bank | State member bank | TX | $15.2 bn | 18.36% | 15.35% | 44.70% | |
| Bell Bank | State nonmember bank | ND | $15.2 bn | 11.33% | 9.53% | 25.29% | |
| Dime Commercial Bank | State member bank | NY | $15.0 bn | 14.76% | 8.95% | 49.27% | |
. FDIC Call Reports.
Last eight quarters
Two years at Nicolet National Bank, to : assets +78.4%, deposits +74.6%, equity +102.3%. Staff 953 to 1,632; offices 62 to 119.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $8.6 bn | $8.8 bn | $9.0 bn | $8.9 bn | $9.0 bn | $9.2 bn | $15.5 bn | $15.4 bn |
| Total deposits | $7.4 bn | $7.6 bn | $7.7 bn | $7.7 bn | $7.8 bn | $7.9 bn | $13.1 bn | $13.0 bn |
| Bank equity capital | $1.1 bn | $1.1 bn | $1.2 bn | $1.2 bn | $1.2 bn | $1.2 bn | $2.3 bn | $2.3 bn |
| CET1 ratio | 10.71% | 10.79% | 11.29% | 11.09% | 11.12% | 11.16% | 11.10% | 11.08% |
| Return on equity (ROE) | 10.54% | 10.91% | 11.26% | 11.79% | 12.46% | 12.75% | 4.33% | 8.08% |
| Uninsured share of domestic deposits | 28.33% | 28.98% | 29.72% | 30.21% | 29.73% | 31.09% | 33.87% | 33.24% |
| Full-time equivalent employees | 953 | 949 | 957 | 957 | 967 | 955 | 1,628 | 1,632 |
| Number of offices | 62 | 61 | 61 | 61 | 61 | 60 | 119 | 119 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of Nicolet National Bank, oldest first; figures before and after each event are not like for like.
- . Absorbed Baylake Bank (FDIC certificate 13060).
- . Absorbed The First National Bank - Fox Valley (FDIC certificate 5307).
- . Absorbed Choice Bank (FDIC certificate 58244).
- . Absorbed Advantage Community Bank (FDIC certificate 10375).
- . Absorbed mBank (FDIC certificate 14816).
- . Absorbed Investors Community Bank (FDIC certificate 34295).
- . Absorbed Charter Bank (FDIC certificate 23137).
- . Absorbed MidWestOne Bank (FDIC certificate 14843).
Large one-quarter moves at Nicolet National Bank
- Total assets at Nicolet National Bank changed by +83.7% in the quarter to 2016-06-30: Absorbtion - Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from Baylake Bank.
- Total assets at Nicolet National Bank changed by +39.8% in the quarter to 2021-09-30: Absorbtion - Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from mBank.
- Total assets at Nicolet National Bank changed by +69.5% in the quarter to 2026-03-31: Merger -Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from MidWestOne Bank.
Questions and identifiers
What were the total assets of Nicolet National Bank?
Nicolet National Bank reported $15.4 bn at in its Call Report. That makes Nicolet National Bank the 124th largest of 497 banks in our US coverage.
Is Nicolet National Bank the same as its holding company?
No. This page covers Nicolet National Bank, FDIC certificate 57038; NICOLET BANKSHARES INC (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Nicolet National Bank profitable?
Nicolet National Bank reported net income of $78.1 mn for the year to ; annualized return on equity: 8.08%. So yes: Nicolet National Bank made a profit over these months.
When is data for Nicolet National Bank next updated?
Figures from Nicolet National Bank for are due after .
Where can I check the figures for Nicolet National Bank?
In the FDIC BankFind Suite record for certificate 57038, and in the Call Reports of Nicolet National Bank (RSSD ID 2941068) at the FFIEC Central Data Repository.