# NICOLET NATIONAL BANK
GREEN BAY, WI · FDIC certificate 57038 · asset band $10-100B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *ordinary*. Composite score 0 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $15.39B | |
| Deposits | $12.95B | |
| Loans and leases | $11.27B | |
| Total equity | $2.30B | |
| Loans / deposits | 85.99% (p51 of band) | 85.78% |
| Liquid assets / assets | 16.12% (p20 of band) | |
| Uninsured deposits / deposits | 33.24% (p36 of band) | 38.39% |
| Brokered deposits | 3.15% | |
| Wholesale funding | 3.21% (p23 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 9.64% (p33 of band) | 10.17% |
| Unrealized securities loss / equity | -2.53% (p80 of band) | -7.43% |
| AOCI / equity | -0.58% (p35 of band) | |
| ROA (annualized) | 1.17% (p41 of band) | 1.24% |
| Net interest margin | 4.33% (p86 of band) | 3.57% |
| Efficiency ratio | 61.51% (p77 of band) | |
| Noncurrent loans | 0.63% (p48 of band) | 0.66% |
| Net charge-offs (annualized) | 0.02% (p21 of band) | |
| Reserve coverage of noncurrent | 186.71% | |
| Real estate % of loans | 73% | |
| Construction % of loans | 31.77% (p54 of band) | |
| Auto loans | $17.2M (0.15% of loans; DQ 0.46%, NCO 0.00%) | |
| Loans to nondepository financials | $16.9M (1% of equity) (p24 of band) | |
| Deposits YoY | 68.6% | |
| Employees | 1632 | |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | brokered >10%, wholesale funding >15%, reserve under noncurrent |  |
| 2011-06 | 3 | charge-offs p90 | wholesale funding >15% |
| 2011-09 | 2 |  | brokered >10% |
| 2011-12 | 2 |  |  |
| 2012-03 | 2 | capital falling | charge-offs p90 |
| 2012-06 | 1 |  | capital falling |
| 2012-09 | 1 |  |  |
| 2012-12 | 1 | capital falling | reserve under noncurrent |
| 2013-03 | 0 |  | capital falling |
| 2013-06 | 1 | reserve under noncurrent |  |
| 2013-09 | 2 | capital falling |  |
| 2013-12 | 2 |  |  |
| 2014-03 | 1 |  | reserve under noncurrent |
| 2014-06 | 0 |  | capital falling |
| 2014-09 | 1 | uninsured deposits leaving |  |
| 2014-12 | 0 |  | uninsured deposits leaving |
| 2015-03 | 0 |  |  |
| 2015-06 | 0 |  |  |
| 2015-09 | 0 |  |  |
| 2015-12 | 0 |  |  |
| 2016-03 | 1 | capital falling |  |
| 2016-06 | 1 | reserve under noncurrent | capital falling |
| 2016-09 | 1 |  |  |
| 2016-12 | 2 | capital falling |  |
| 2017-03 | 1 |  | capital falling |
| 2017-06 | 1 |  |  |
| 2017-09 | 1 |  |  |
| 2017-12 | 2 | capital falling |  |
| 2018-03 | 0 |  | reserve under noncurrent, capital falling |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 3 | deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2019-06 | 0 |  | deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2019-09 | 0 |  |  |
| 2019-12 | 1 | reserve under noncurrent |  |
| 2020-03 | 0 |  | reserve under noncurrent |
| 2020-06 | 1 | capital falling |  |
| 2020-09 | 1 |  |  |
| 2020-12 | 1 |  |  |
| 2021-03 | 0 |  | capital falling |
| 2021-06 | 0 |  |  |
| 2021-09 | 0 |  |  |
| 2021-12 | 0 |  |  |
| 2022-03 | 0 |  |  |
| 2022-06 | 0 |  |  |
| 2022-09 | 0 |  |  |
| 2022-12 | 0 |  |  |
| 2023-03 | 1 | losing money |  |
| 2023-06 | 0 |  | losing money |
| 2023-09 | 1 | assets shrinking |  |
| 2023-12 | 1 | capital falling | assets shrinking |
| 2024-03 | 0 |  | capital falling |
| 2024-06 | 0 |  |  |
| 2024-09 | 1 | capital falling |  |
| 2024-12 | 1 |  |  |
| 2025-03 | 0 |  | capital falling |
| 2025-06 | 0 |  |  |
| 2025-09 | 1 | capital falling |  |
| 2025-12 | 1 |  |  |
| 2026-03 | 1 | expense ratio p90 | capital falling |
| 2026-06 | 0 |  | expense ratio p90 |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-08-25 [Embattled bank names next CEO after investor challenge - Banking Dive](https://news.google.com/rss/articles/CBMiggFBVV95cUxNQktHTzQ5RkNsWnJuaXVUWUQ2ZUpKZGxzVWxzLWMxdC1zT2JTa3FsUVNFQlBpN2l6bGpfR1RnbmRxX3Z2TEZra05ES0kyTVZieUpZUjN5YUllSG00c0Q2OUtLOFFMRzlCbDU3dG1QU2NjT2g2RkdHMkpkWVc2cWtfWGVB?oc=5) · Banking Dive
- 2026-04-21 [Sunwest Bank Has Entered into a Definitive Agreement to Acquire the Former MidWestOne and Bank of Denver Branches from Nicolet National Bank - PR Newswire](https://news.google.com/rss/articles/CBMiogJBVV95cUxPOW1KOHhoYnhVcjBDb2o0TndJOXBQR25Ed1NvclZXamd0NUtRd2kyY20yOE5zT3VtaXk2dFJfd3BBN09QVW1ELTFxTTNacUQ3b180Z1Mxelp2RTN4Vy1POXUtakJ5WjFGeGROYmlJSUl4SkhkVUt0Q0dzM3FXZUtmV2F2VEtuZUFRQ2R2NS1CZmxIeERNa1ZTM0ctSm1rVlFvVTJUZUJCaWdZd0JxdFc4U2lNUlFUR01rR2QzLTdTRUZqa1B4QThxaFRlMUhuNzRDd2w5d25JMDNFeDh5Zkx2eVg1bnBRLUNza2l6dHZMQ2ZqcVVkU29KVGdMcTRmZl9tRFZDVno3RW5lOG0yRVRKdWttbmQxYVNZNnQ0cl9KQlplUQ?oc=5) · PR Newswire
- 2026-02-17 [Nicolet National Bank expands after completing merger with Iowa-based company - WLUK](https://news.google.com/rss/articles/CBMivAJBVV95cUxQQS1kNE1aekpPNFB0X1lkbndMS0ZDN21IbVpKSWducll3YWVPTlhpTXFhdzk0WVZkQnh1djFycElibE8taUxVZGptUjlpOWo3R2hzNDhjZTVZYnp2dk93RHkzdXBtdlh2MVBmZ1pCbkJfSG5YRjVuMk95Sm0zZzJkRGpkVF9XcUhDWDJ6UnRFMlNhNnBQYk1xT0xQNGdQTnVXdHZ1SkI0eElfekdzY3ZGNmwwelRoeTV6dTJvQlN5dzVBbV9kX1gzUG9UdGd5UUF4d0ZTRTJBNzJWQjItc1ppcTRBUmhUZWd1UEQzdG1xMVVHbjNuTDktcUtXcWdEOE5zaDBsMVhuVDFHbFNOOGFQNURuOGpnTGlhendTWC1PNTlvb2NCS2VoakZoenFjazdwZkZ2UEJuQ01uUHZz?oc=5) · WLUK
- 2026-01-02 [Wisconsin bank to target small businesses in Twin Cities expansion - The Business Journals](https://news.google.com/rss/articles/CBMipAFBVV95cUxNMDZOZFp1WjNzQnh2eDlVb053UDE2YWdKNV9iVXhIbmRmX1cyZlpja29wdHpVc0M2eWVXbXhRc3RiUnlRQ1BsZ3pGSTN4SFJEUkJqT1VzRFBhM3NYSVpab1ozbUVxNnkwSkd6Skt3NDZpeG9MZ2VGVEZiQmk2NkI0VVM5N1dzWHpkd0hEM0RzVnh0cFpMOUg3MUMyblJtc2EtYlgyTA?oc=5) · The Business Journals
- 2026-02-19 [Nicolet National Bank Completes Merger with MidWestOne Financial Group - Seehafer News](https://news.google.com/rss/articles/CBMipAFBVV95cUxNOUoxMkYtMEMzbk8tZ1Rfb2V6WjFKeHAwVTM0WG94cUZ0NzdpTy1CNFYzQkFRTzBFUWwyZVQxSGltSnRqa2VWWmlCeGpEeEZMMFEyV0Z0UzdkZzBTZ3g3SWpEcU5rOG82Sk9DUWpqaTh4Q1dCSEJfVjh2VTEtMTJiTnR1alJkVVBSYVVZWU42ZzFtT1piNWxiQ2VZMXVFaG5DNFItVg?oc=5) · Seehafer News
- 2026-02-18 [Nicolet Bankshares completes merger with MidWestOne Financial Group - Corridor Business Journal](https://news.google.com/rss/articles/CBMingFBVV95cUxPa0pKUlMwTmREQWtxOU5ycVdUWnRwbm1tU2NYU0FHUHJnTk0tSFdSaVY0MGItTnoyVTg3bVRJZXIyeDMweExhdjBoR0V0bUlmMEg2OVBBQTNLSVFCOHdHMGFUSmQxcDZFVzBaenYyYWZOcEtQN3pNZDIxVjVTcWNwUjNadVlqMDF6NGF6My1aWDB4ZHBGZG1PMnR3REcxZw?oc=5) · Corridor Business Journal
- 2026-04-22 [Nicolet sells Denver locations to Sunwest - Banking Dive](https://news.google.com/rss/articles/CBMilAFBVV95cUxPbWV0Wm9vLUY5cl9HVnlub1dXWlFGSm5UZEZqN1JONnhOM0M0NzFDWVFUYnVVSFJlT3RWeEhCcElpS1BkV0ZCMFh5dmowNS10WlYxU0FrUUlhR0JHYm81TGRsempKeGxLSzdDQ2JoWGtXYlhGMEprX0dBVk5GTVBUR2pkUmFobDhrMWRub3paVW84Umpt?oc=5) · Banking Dive
- 2026-02-17 [Nicolet Bankshares, Inc. Completes Merger with MidWestOne Financial Group, Inc. - Business Wire](https://news.google.com/rss/articles/CBMizwFBVV95cUxNOXNSd0pjeEhxQUF2eFBrYUxkR3hwOU1WbVZqRmVveUFLSnNwWUtaX1lpM0p0bTI4OEFtSGxuV0dPYklkbUFWZklxaUk3NmtGNjNIWlBFcmFJRjhobGp1cGh5X0JFNC1tUHpXOFR2Z1RRLW56dThLRTRNR3hQT0t5dk5neHZjOENZaXRjVld5RlRpanRyN3diTTROMTZZeHdJcXNJTXM0UXZ6ZkZ5RndJcDN6MnJPMmktSG96aFVRMkNaNkRtaGVOM21LaVVldG8?oc=5) · Business Wire

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=57038 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/14.json (key "57038", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide