Nicolet bankshares inc (NCBS)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12
Cash Flows From Operating Activities:
Cash Flows From Operating Activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

10,673

12,382

13,612

18,644

10,350

10,950

10,939

9,826

9,638

9,158

9,585

8,409

6,281

6,143

6,529

3,322

2,700

2,850

2,622

2,970

3,113

2,442

2,788

2,576

2,245

997

2,925

11,476

774

955

978

645

515

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

2,156

2,051

2,066

2,086

1,108

1,639

1,522

1,380

1,741

29

3,361

2,079

1,598

905

1,061

2,668

498

239

863

1,142

1,078

1,055

997

967

829

262

1,164

1,349

636

592

592

626

607

Provision for credit losses

3,000

300

400

300

200

240

340

510

510

450

975

450

450

450

450

450

450

450

450

450

450

675

675

675

675

2,275

1,975

975

975

975

975

1,125

1,250

Provision for deferred taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-19

-

-

-

348

-

-

-

-

-

-

-

0

Increase in cash surrender value of life insurance

525

535

494

479

459

490

457

468

442

464

459

454

401

404

318

312

250

247

252

255

242

249

250

220

214

220

224

212

169

187

187

183

153

Stock-based compensation expense

1,299

1,395

1,144

1,391

1,108

1,288

1,299

1,094

1,220

1,193

952

535

384

485

355

356

412

295

314

303

290

500

153

152

154

229

138

144

198

135

135

172

69

Asset (gains) losses, net

-654

-

-

-

172

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-153

146

972

204

-42

1,305

772

-6

-494

453

100

-5

684

91

740

211

91

140

-442

750

287

1,333

45

4

60

5

237

146

Gain on sale of loans held for sale, net

3,017

4,202

3,796

2,144

1,102

1,473

1,791

1,330

905

1,163

1,609

1,452

553

1,535

2,071

1,125

517

376

811

985

874

775

505

431

215

397

353

714

872

836

846

671

737

Proceeds from sale of loans held for sale

103,950

169,755

135,022

83,415

37,338

57,425

68,799

68,119

47,396

58,153

70,355

55,102

39,269

75,737

90,955

59,884

29,128

28,786

39,083

61,723

48,703

32,260

24,330

20,480

10,842

20,800

24,281

47,627

48,338

51,702

54,450

41,372

48,894

Origination of loans held for sale

102,715

158,764

138,027

84,691

36,747

55,505

63,985

65,118

49,808

54,890

69,407

56,542

38,857

73,190

90,751

60,716

28,114

29,898

37,504

56,262

48,993

36,187

22,806

19,642

13,137

18,556

24,119

47,447

42,751

54,706

52,845

36,454

45,273

Net change in:
Accrued interest receivable and other assets

5,567

-2,069

-1,575

4,847

1,748

-4,286

1,729

2,238

985

5,599

1,490

-2,106

377

881

-1,574

652

-260

1,751

-197

-282

723

-233

-25

-429

159

1,480

-2,219

-785

419

-626

299

-182

-74

Accrued interest payable and other liabilities

-2,257

300

-6,175

-2,714

-421

6,556

-5,744

-1,159

105

3,110

-3,573

936

904

-1,846

1,091

266

2,531

160

-1,302

-2,160

1,132

-783

-497

-342

1,478

1,415

1,385

-1,923

569

-1,074

2,169

-3,493

1,004

Net cash provided by (used in) operating activities

12,165

21,632

17,391

8,817

10,297

10,436

20,535

11,962

8,056

10,761

14,531

8,525

6,896

13,016

6,240

3,509

2,041

-3,246

6,050

10,807

1,440

714

5,764

5,422

-860

4,809

3,808

5,426

6,137

-3

779

10,070

4,096

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

32,238

-16,975

39,672

12,731

21,728

20,926

13,245

26,145

11,313

34,125

42,114

39,590

44,795

12,777

-8,771

-17,925

11,114

-8,209

13,681

3,771

-3,064

20,524

5,375

10,283

3,517

-23,060

20,303

27,661

-7,972

7,239

29,583

34,926

12,975

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

-501

-2,478

-1

4,404

-1

-2

-252

-1

-498

-748

-491

-250

-749

-1,193

251

-1,237

747

-743

-9

-3,233

-2,984

-

-

-

-

-

-

-

-

0

0

0

-248

Purchases of securities AFS

74,759

37,752

28,788

10,023

19,064

18,673

24,194

17,796

15,901

13,998

683

214

48,222

24,938

21,772

30,830

4,908

7,181

18,778

4,363

11,097

26,396

10,543

16,626

6,481

3,992

897

2,719

5,992

5,522

0

5,979

5,851

Proceeds from sales of securities AFS

0

10,165

0

5,164

8,076

5,280

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

4,306

0

-16

531

1,556

888

43,945

0

0

0

2,498

2,917

Proceeds from calls and maturities of securities AFS

17,931

15,805

15,073

12,419

10,636

26,404

12,645

15,822

11,835

13,143

9,424

13,869

11,133

12,679

8,635

8,945

5,382

4,532

3,780

7,278

6,585

295

4,911

5,309

6,473

7,303

6,396

6,128

1,961

6,177

3,383

1,769

1,923

Purchases of other investments

3,673

728

568

1,310

63

916

5

593

36

-

-

-

-

-298

3,660

46

39

9

9

37

15

9

0

41

33

0

789

0

8

0

7

0

2

Proceeds from sales of other investments

-

-

-

-

-

-

-

-

-

159

373

317

5,829

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (increase) decrease in premises and equipment

4,961

863

392

769

2,368

1,286

2,160

414

400

-940

1,063

2,239

-344

246

803

2,066

933

703

-25

92

411

1,653

3,341

258

513

917

869

770

476

218

88

85

1,547

Proceeds from sales of other real estate and other assets

-

-

-

-

-

-1,338

0

-1,501

15

746

321

-2,567

-224

-3,660

1,347

287

27

1,162

314

965

1,191

722

1,109

397

1,762

2,052

1,894

884

109

482

602

133

744

Purchase of BOLI

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

3,750

Payments to Acquire Businesses, Net of Cash Acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

206

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

-97,199

13,853

-56,426

3,933

-24,510

-8,777

-25,725

-27,238

-15,332

-33,943

-36,258

-6,014

-74,738

-22,330

-13,263

99,573

-12,538

7,175

-48,205

17,096

2,301

-45,006

-14,723

-29,452

-1,778

29,066

10,059

33,705

3,566

-6,302

-25,693

-36,590

-18,293

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

69,143

78,950

47,808

-1,847

-75,652

91,982

66,620

-309,554

294,105

104,728

-23,020

68,789

-23,715

35,904

39,847

-9,570

25,055

44,236

46,236

-40,839

-19,125

48,394

388

-31,123

7,540

74,842

10,372

-1,257

-52,895

61,235

14,963

25,758

-37,399

Net decrease in short-term borrowings

-

-

-

-

-

-

-

-

-

-

-

-

6,000

0

-11,170

-37,917

0

-

-

-

-

0

3,399

8,039

-4,322

10,577

9,356

3,997

-906

-279

2,633

-3,739

1,288

Net increase in short-term borrowings

75,000

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from long-term borrowings

20,000

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of long-term borrowings

5,000

67,044

20,064

65

64

64

63

64

1,062

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase and retirement of common stock

15,197

8,729

939

13,110

5,682

5,539

4,553

4,593

8,064

7,545

3,567

3,816

79

2,155

2,765

251

30

103

484

2,173

1,621

1,772

1,494

2,094

410

29

0

44

19

-

-

-

-

Repayments of notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,000

51,451

68

68

5,565

64

66

1,063

5,061

5,061

62

444

58

35,750

10,059

56

5,054

54

54

Proceeds from issuance of subordinated notes, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

3,940

7,880

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of common stock

215

8,293

166

135

148

1,633

59

-370

478

3,855

61

-698

812

-

-

-

-

1,599

68

-334

388

662

196

13

16

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

851

-

1,200

2,484

698

-

262

962

0

-

-

-

-

-

1,275

92

135

-

-

-

-

-

82

0

298

-

0

144

62

-

-

-

-

Distribution to noncontrolling interest

77

87

87

188

0

76

49

51

99

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncontrolling interest in joint venture

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-100

Cash dividends paid on preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

0

491

111

31

-1

91

61

61

61

61

61

61

305

305

305

305

305

305

305

305

Net cash provided by (used in) financing activities

144,935

2,605

28,084

-12,591

-80,552

86,712

62,276

-313,670

285,358

82,012

6,188

64,852

-16,982

34,046

9,531

-99,402

25,061

45,055

18,024

-28,981

-12,605

45,780

-9,409

-46,365

11,643

63,603

-513

-30,569

-64,122

60,756

12,978

24,646

-36,570

Net increase (decrease) in cash and cash equivalents

59,901

38,090

-10,951

159

-94,765

88,371

57,086

-328,946

278,082

58,830

-15,539

67,363

-84,824

24,732

2,508

3,680

14,564

48,984

-24,131

-1,078

-8,864

1,488

-18,368

-70,395

9,005

97,478

13,354

8,562

-54,419

54,451

-11,936

-1,874

-50,767

Supplemental Disclosures of Cash Flow Information:
Cash paid for interest

6,077

5,652

5,591

5,625

5,466

5,243

4,720

4,618

3,956

3,815

3,034

2,145

1,938

1,721

2,412

1,692

1,683

1,832

1,879

1,813

1,766

1,762

1,801

1,831

1,930

1,918

2,518

867

1,374

1,723

1,598

1,588

1,889

Cash paid for taxes

0

4,450

5,350

6,340

0

1,496

4,000

5,271

54

-

-

-

-

0

4,000

1,300

1,850

460

390

440

1,600

0

1,475

1,935

125

351

995

248

770

-

-

-

-

Transfer of loans and bank premises to other real estate owned

-

-

-

-

-

20

50

505

32

0

0

315

513

204

0

0

33

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capitalized mortgage servicing rights

559

1,069

936

552

319

507

421

172

103

197

266

228

185

531

301

148

43

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transfer of loans from held for sale to held for investment

-

-

-

-

-

-

-

-

-

0

0

0

3,236

-

-

-

0

-

40

254

576

1,836

230

460

601

183

981

166

1,950

0

337

744

425

Acquisitions:
Fair value of assets acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

4,000

0

1,033,637

1,363

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in AOCI for unrealized gains on AFS, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-202