Nicolet bankshares inc (NCBS)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12
Cash Flows From Operating Activities:
Cash Flows From Operating Activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

54,988

41,353

33,433

18,694

11,555

10,051

16,172

3,093

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization, and accretion

7,311

6,282

7,067

5,132

3,322

3,848

3,411

2,417

Provision for credit losses

1,200

1,600

2,325

1,800

1,800

2,700

6,200

4,325

Provision for deferred taxes

-2,652

-1,521

6,962

2,966

1,589

68

2,601

-273

Increase in cash surrender value of life insurance

1,967

1,857

1,778

1,284

996

933

825

710

Stock-based compensation expense

5,038

4,901

3,064

1,608

1,202

959

709

511

Gain (Loss) on Disposition of Assets for Financial Service Operations

7,897

1,169

2,029

54

1,726

539

1,669

448

Gain on sale of loans held for sale, net

11,244

5,499

4,777

5,248

3,046

1,926

2,336

3,090

Proceeds from sale of loans held for sale

425,530

241,739

222,879

255,704

178,295

87,912

141,046

196,418

Origination of loans held for sale

418,229

234,416

219,696

252,771

172,657

91,772

132,873

189,278

Income from branch sale, net

-

-

-

-

122

-

-

-

Bargain purchase gain

-

-

-

-

-

-

11,915

-

Net change in:
Accrued interest receivable and other assets

2,951

666

5,360

-301

1,995

-528

-1,105

-583

Accrued interest payable and other liabilities

-9,010

-242

1,377

2,042

-2,170

-144

1,446

-1,394

Net cash provided by (used in) operating activities

58,137

50,989

40,713

24,806

15,051

11,040

20,180

14,942

Cash Flows From Investing Activities:
Net (increase) decrease in loans

57,156

71,629

160,624

-2,805

6,179

39,699

16,932

84,723

Cash Flows From Investing Activities:
Net (increase) decrease in certificates of deposit in other banks

1,924

-753

-2,238

-1,432

-6,969

8,425

-

-248

Purchases of securities AFS

95,627

76,564

63,117

82,448

41,419

60,046

13,600

17,352

Proceeds from sales of securities AFS

23,405

5,280

10,798

31,442

13,929

4,821

46,389

5,415

Proceeds from calls and maturities of securities AFS

53,933

66,706

47,569

35,641

22,175

16,988

21,788

13,252

Purchases of other investments

2,669

1,550

3,320

3,447

70

83

797

9

Proceeds from sales of other investments

17,144

807

6,678

-

-

-

-

-

Net (increase) decrease in premises and equipment

4,392

4,260

2,018

4,048

1,181

5,765

3,032

1,938

Proceeds from sales of other real estate and other assets

-457

-2,824

-1,724

-1,999

3,632

3,990

4,939

1,961

Proceeds from sales of premises and equipment

-

-

-

-

376

10

19

18

Purchase of BOLI

5,000

0

-

20,000

-

2,750

-

3,750

Proceeds from redemption of BOLI

1,348

561

-

21,549

-

-

-

-

Net cash used in branch sale

-

-

-

-

19,865

-

-

-

Net cash received in business combinations

7,331

0

9,119

66,517

-

-

37,622

-

Net cash provided by (used in) investing activities

-63,150

-77,072

-150,953

51,442

-21,633

-90,959

76,396

-86,878

Cash Flows From Financing Activities:
Cash Flows From Financing Activities:
Net increase (decrease) in deposits

49,259

143,153

126,782

91,236

30,508

25,199

31,062

64,557

Net decrease in short-term borrowings

-4,233

0

0

-49,087

-

7,116

23,024

-97

Proceeds from long-term borrowings

0

0

30,000

0

-

-

-

-

Repayments of long-term borrowings

87,237

1,253

9,549

56,519

-

-

-

-

Capitalized issuance costs, net

163

0

186

260

0

-

401

-

Purchase and retirement of common stock

28,460

22,749

15,007

5,201

4,381

5,770

92

1,332

Proceeds from notes payable

-

-

-

-

-

-

5,000

5,000

Repayments of notes payable

-

-

-

-

5,763

11,247

46,311

5,218

Proceeds from issuance of subordinated notes, net

-

-

-

-

11,820

-

-

-

Proceeds from issuance of common stock

8,742

1,800

4,030

1,900

1,721

887

3,444

-

Noncontrolling interest in joint venture

-

-

-

-

-

60

59

-

Proceeds from exercise of stock options

-

-

-

-

-

-

-

322

Distribution to noncontrolling interest

362

275

0

0

-

-

-

202

Redemption of preferred stock

-

-

-

12,200

12,200

-

-

-

Cash dividends paid on preferred stock

-

-

-

633

212

244

1,220

1,220

Net cash provided by (used in) financing activities

-62,454

120,676

136,070

-30,764

21,493

1,649

-31,601

61,810

Net increase (decrease) in cash and cash equivalents

-67,467

94,593

25,830

45,484

14,911

-78,270

64,975

-10,126

Supplemental Disclosures of Cash Flow Information:
Cash paid for interest

22,334

18,537

10,932

7,508

7,290

7,324

6,677

6,798

Cash paid for taxes

16,140

10,821

12,789

7,150

2,890

3,535

2,364

930

Transfer of loans and bank premises to other real estate owned

1,025

607

828

237

986

-

-

-

Capitalized mortgage servicing rights

2,876

1,203

876

1,023

201

-

-

-

Transfer of loans from held for sale to held for investment

0

0

3,236

0

-

3,127

3,280

1,506

Acquisitions:
Fair value of assets acquired

412,000

0

439,000

1,039,000

-

-

483,446

-

Fair value of liabilities assumed

377,000

0

398,000

939,000

-

-

462,269

-

Net assets acquired

35,000

0

41,000

100,000

-

-

21,177

-

Common stock issued in acquisitions

79,797

0

62,246

165,295

-

-

9,721

-