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August 31, 2015 5:53 AM ET

Banks

Company Overview of Nicolet Bankshares Inc.

Company Overview

Nicolet Bankshares, Inc. operates as the holding company for Nicolet National Bank that provides commercial and retail banking services for businesses and individuals in northeast and central Wisconsin, and the upper peninsula of Michigan. The company accepts checking, savings, and money market accounts; various certificates of deposit; and individual retirement accounts. It also offers commercial loans, including commercial, industrial, and business loans and lines of credit, as well as owner-occupied commercial real estate and agricultural production, and real estate loans; commercial real estate loans consisting of investment real estate, and construction and land development loans; resid...

111 North Washington Street

Green Bay, WI 54301

United States

Founded in 2000

284 Employees

Phone:

920-430-1400

Key Executives for Nicolet Bankshares Inc.

Chairman, Chief Executive Officer, President, Member of Executive Committee, Chief Executive Officer of Nicolet National Bank, Chairman of Nicolet National Bank and Director of Nicolet National Bank
Age: 57
Total Annual Compensation: $560.0K
Chief Financial Officer and Chief Financial Officer of Nicolet National Bank
Age: 54
Total Annual Compensation: $231.5K
Secretary, Director, Member of Executive Committee, Chief Operating Officer of Nicolet National Bank, President of Nicolet National Bank and Director of Nicolet National Bank
Age: 50
Total Annual Compensation: $472.0K
Compensation as of Fiscal Year 2013.

Nicolet Bankshares Inc. Key Developments

Nicolet Bankshares Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Nicolet Bankshares Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net interest income of $9,713,000 compared to $10,496,000 a year ago. Net income was $2,935,000 compared to $2,554,000 a year ago. Net income available to common shareholders was $2,874,000 or $0.66 per diluted share compared to $2,493,000 or $0.58 per diluted share a year ago. Net interest income was down $0.8 million between the second quarter periods, largely due to stronger purchased loan discount income in the prior year, partly offset by an improved earning asset mix and 3% increase in quarterly average loans. For the six months, the company reported net interest income of $20,716,000 compared to $20,476,000 a year ago. Net income was $6,015,000 compared to $4,768,000 a year ago. Net income available to common shareholders was $5,893,000 or $1.36 per diluted share compared to $4,646,000 or $1.08 per diluted share a year ago. Book value per common share was $22.55 at June 30, 2015, $1.21 or 6% higher than $21.34 at year end 2014, and $2.38 or 12% higher than a year ago, benefiting from both retained earnings and lower outstanding shares.

Ambassador Financial Group, Inc. Announces Additional $2 Million Private Placement of Subordinated Debt on Behalf of Nicolet Bankshares, Inc

Ambassador Financial Group Inc. announced the successful completion of a $2 million follow on private placement of subordinated notes for Nicolet Bankshares Inc. The interest bearing notes, placed with accredited institutional investors, have a maturity date of June 29, 2025, carry a 5% interest rate, to be paid quarterly, with a right of prepayment on or after June 29, 2020. Since February 17, 2015, Nicolet has issued an aggregate of $12 million in principal with similar terms and Ambassador as its sole placement agent.

Nicolet Bankshares Issues Additional $2 Million in Subordinated Note in Private Placement

Nicolet Bankshares Inc. on April 28 issued $2 million in principal amount of a subordinated note to an accredited institutional investor in a private placement. The note matures April 28, 2025, and bears a fixed interest rate of 5% per year, payable quarterly on March 31, June 30, Sept. 30 and Dec. 31 of each year, beginning June 30. The notes are not convertible into common stock or preferred stock and are intended to qualify as Tier 2 capital for regulatory purposes. Pursuant to the terms of agreement, the company has the right to prepay the note, in whole or in part, without premium or penalty, at any time on or after April 28, 2020, and prior to the maturity date, plus all accrued and unpaid interest. The company intends to use the proceeds from the private placement, net of commissions and expenses, for general corporate purposes, which may include the redemption of preferred stock, repurchases of common stock and expansion of the company's franchise through acquisition. The terms of the note are comparable to previously issued notes dated Feb. 17.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 21, 2015
Nicolet Bankshares Inc., Neillsville and Fairchild Branches
Private Placement
April 28, 2015
--
Private Placement
February 17, 2015
--
 

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