Nicolet bankshares inc (NCBS)
CashFlow / TTM
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

55,311

54,988

53,556

50,883

42,065

41,353

39,561

38,207

36,790

33,433

30,418

27,362

22,275

18,694

15,401

11,494

11,142

11,555

11,147

11,313

10,919

10,051

8,606

8,743

17,643

16,172

16,130

14,183

3,352

3,093

0

0

0

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

8,359

7,311

6,899

6,355

5,649

6,282

4,672

6,511

7,210

7,067

7,943

5,643

6,232

5,132

4,466

4,268

2,742

3,322

4,138

4,272

4,097

3,848

3,055

3,222

3,604

3,411

3,741

3,169

2,446

2,417

0

0

0

Provision for credit losses

4,000

1,200

1,140

1,080

1,290

1,600

1,810

2,445

2,385

2,325

2,325

1,800

1,800

1,800

1,800

1,800

1,800

1,800

2,025

2,250

2,475

2,700

4,300

5,600

5,900

6,200

4,900

3,900

4,050

4,325

0

0

0

Provision for deferred taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

0

Increase in cash surrender value of life insurance

2,033

1,967

1,922

1,885

1,874

1,857

1,831

1,833

1,819

1,778

1,718

1,577

1,435

1,284

1,127

1,061

1,004

996

998

996

961

933

904

878

870

825

792

755

726

710

0

0

0

Stock-based compensation expense

5,229

5,038

4,931

5,086

4,789

4,901

4,806

4,459

3,900

3,064

2,356

1,759

1,580

1,608

1,418

1,377

1,324

1,202

1,407

1,246

1,095

959

688

673

665

709

615

612

640

511

0

0

0

Asset (gains) losses, net

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

1,169

1,280

2,439

2,239

2,029

1,577

725

53

54

1,232

870

1,510

1,726

1,133

1,182

0

539

735

1,928

2,415

1,669

1,442

114

306

448

0

0

0

Gain on sale of loans held for sale, net

13,159

11,244

8,515

6,510

5,696

5,499

5,189

5,007

5,129

4,777

5,149

5,611

5,284

5,248

4,089

2,829

2,689

3,046

3,445

3,139

2,585

1,926

1,548

1,396

1,679

2,336

2,775

3,268

3,225

3,090

0

0

0

Proceeds from sale of loans held for sale

492,142

425,530

313,200

246,977

231,681

241,739

242,467

244,023

231,006

222,879

240,463

261,063

265,845

255,704

208,753

156,881

158,720

178,295

181,769

167,016

125,773

87,912

76,452

76,403

103,550

141,046

171,948

202,117

195,862

196,418

0

0

0

Origination of loans held for sale

484,197

418,229

314,970

240,928

221,355

234,416

233,801

239,223

230,647

219,696

237,996

259,340

263,514

252,771

209,479

156,232

151,778

172,657

178,946

164,248

127,628

91,772

74,141

75,454

103,259

132,873

169,023

197,749

186,756

189,278

0

0

0

Net change in:
Accrued interest receivable and other assets

6,770

2,951

734

4,038

1,429

666

10,551

10,312

5,968

5,360

642

-2,422

336

-301

569

1,946

1,012

1,995

11

183

36

-528

1,185

-1,009

-1,365

-1,105

-3,211

-693

-90

-583

0

0

0

Accrued interest payable and other liabilities

-10,846

-9,010

-2,754

-2,323

-768

-242

-3,688

-1,517

578

1,377

-3,579

1,085

415

2,042

4,048

1,655

-771

-2,170

-3,113

-2,308

-490

-144

2,054

3,936

2,355

1,446

-1,043

-259

-1,829

-1,394

0

0

0

Net cash provided by (used in) operating activities

60,005

58,137

46,941

50,085

53,230

50,989

51,314

45,310

41,873

40,713

42,968

34,677

29,661

24,806

8,544

8,354

15,652

15,051

19,011

18,725

13,340

11,040

15,135

13,179

13,183

20,180

15,368

12,339

16,983

14,942

0

0

0

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

67,666

57,156

95,057

68,630

82,044

71,629

84,828

113,697

127,142

160,624

139,276

88,391

30,876

-2,805

-23,791

-1,339

20,357

6,179

34,912

26,606

33,118

39,699

-3,885

11,043

28,421

16,932

47,231

56,511

63,776

84,723

0

0

0

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

1,424

1,924

4,400

4,149

-256

-753

-1,499

-1,738

-1,987

-2,238

-2,683

-1,941

-2,928

-1,432

-982

-1,242

-3,238

-6,969

0

0

0

-

-

-

-

-

-

-

-

-248

0

0

0

Purchases of securities AFS

151,322

95,627

76,548

71,954

79,727

76,564

71,889

48,378

30,796

63,117

74,057

95,146

125,762

82,448

64,691

61,697

35,230

41,419

60,634

52,399

64,662

60,046

37,642

27,996

14,089

13,600

15,130

14,233

17,493

17,352

0

0

0

Proceeds from sales of securities AFS

15,329

23,405

18,520

18,520

13,356

5,280

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

4,821

2,071

2,959

46,920

46,389

44,833

43,945

2,498

5,415

0

0

0

Proceeds from calls and maturities of securities AFS

61,228

53,933

64,532

62,104

65,507

66,706

53,445

50,224

48,271

47,569

47,105

46,316

41,392

35,641

27,494

22,639

20,972

22,175

17,938

19,069

17,100

16,988

23,996

25,481

26,300

21,788

20,662

17,649

13,290

13,252

0

0

0

Purchases of other investments

6,279

2,669

2,857

2,294

1,577

1,550

0

0

0

-

-

-

-

3,447

3,754

103

94

70

70

61

65

83

74

863

822

797

797

15

15

9

0

0

0

Proceeds from sales of other investments

-

-

-

-

-

-

-

-

-

6,678

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (increase) decrease in premises and equipment

6,985

4,392

4,815

6,583

6,228

4,260

2,034

937

2,762

2,018

3,204

2,944

2,771

4,048

4,505

3,677

1,703

1,181

2,131

5,497

5,663

5,765

5,029

2,557

3,069

3,032

2,333

1,552

867

1,938

0

0

0

Proceeds from sales of other real estate and other assets

-

-

-

-

-

-2,824

-740

-419

-1,485

-1,724

-6,130

-5,104

-2,250

-1,999

2,823

1,790

2,468

3,632

3,192

3,987

3,419

3,990

5,320

6,105

6,592

4,939

3,369

2,077

1,326

1,961

0

0

0

Purchase of BOLI

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,750

0

0

0

Payments to Acquire Businesses, Net of Cash Acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

-135,839

-63,150

-85,780

-55,079

-86,250

-77,072

-102,238

-112,771

-91,547

-150,953

-139,340

-116,345

-10,758

51,442

80,947

46,005

-36,472

-21,633

-73,814

-40,332

-86,880

-90,959

-16,887

7,895

71,052

76,396

41,028

5,276

-65,019

-86,878

0

0

0

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

194,054

49,259

62,291

81,103

-226,604

143,153

155,899

66,259

444,602

126,782

57,958

120,825

42,466

91,236

99,568

105,957

74,688

30,508

34,666

-11,182

-1,466

25,199

51,647

61,631

91,497

31,062

17,455

22,046

49,061

64,557

0

0

0

Net decrease in short-term borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-43,087

-49,087

0

0

0

-

-

-

-

7,116

17,693

23,650

19,608

23,024

12,168

5,445

-2,291

-97

0

0

0

Net increase in short-term borrowings

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from long-term borrowings

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of long-term borrowings

92,173

87,237

20,257

256

255

1,253

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase and retirement of common stock

37,975

28,460

25,270

28,884

20,367

22,749

24,755

23,769

22,992

15,007

9,617

8,815

5,250

5,201

3,149

868

2,790

4,381

6,050

7,060

6,981

5,770

4,027

2,533

483

92

0

0

0

-

-

-

-

Repayments of notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

56,587

57,152

5,765

5,763

6,758

6,254

11,251

11,247

10,628

5,625

36,314

46,311

45,923

50,919

15,223

5,218

0

0

0

Proceeds from issuance of subordinated notes, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,820

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of common stock

8,809

8,742

2,082

1,975

1,470

1,800

4,022

4,024

3,696

4,030

0

0

0

-

-

-

-

1,721

784

912

1,259

887

0

0

0

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

0

-

0

0

0

-

0

0

0

-

-

-

-

-

0

0

0

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

Distribution to noncontrolling interest

439

362

351

313

176

275

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncontrolling interest in joint venture

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Cash dividends paid on preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

633

632

232

182

212

274

244

244

244

488

732

976

1,220

1,220

1,220

1,220

1,220

0

0

0

Net cash provided by (used in) financing activities

163,033

-62,454

21,653

55,845

-245,234

120,676

115,976

59,888

438,410

136,070

88,104

91,447

-72,807

-30,764

-19,755

-11,262

59,159

21,493

22,218

-5,215

-22,599

1,649

19,472

28,368

44,164

-31,601

-34,448

-20,957

34,258

61,810

0

0

0

Net increase (decrease) in cash and cash equivalents

87,199

-67,467

-17,186

50,851

-278,254

94,593

65,052

-7,573

388,736

25,830

-8,268

9,779

-53,904

45,484

69,736

43,097

38,339

14,911

-32,585

-26,822

-96,139

-78,270

17,720

49,442

128,399

64,975

21,948

-3,342

-13,778

-10,126

0

0

0

Supplemental Disclosures of Cash Flow Information:
Cash paid for interest

22,945

22,334

21,925

21,054

20,047

18,537

17,109

15,423

12,950

10,932

8,838

8,216

7,763

7,508

7,619

7,086

7,207

7,290

7,220

7,142

7,160

7,324

7,480

8,197

7,233

6,677

6,482

5,562

6,283

6,798

0

0

0

Cash paid for taxes

16,140

16,140

13,186

11,836

10,767

10,821

0

0

0

-

-

-

-

7,150

7,610

4,000

3,140

2,890

2,430

3,515

5,010

3,535

3,886

3,406

1,719

2,364

0

0

0

-

-

-

-

Transfer of loans and bank premises to other real estate owned

-

-

-

-

-

607

587

537

347

828

1,032

1,032

717

237

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capitalized mortgage servicing rights

3,116

2,876

2,314

1,799

1,419

1,203

893

738

794

876

1,210

1,245

1,165

1,023

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transfer of loans from held for sale to held for investment

-

-

-

-

-

-

-

-

-

3,236

0

0

0

-

-

-

410

-

2,706

2,896

3,102

3,127

1,474

2,225

1,931

3,280

3,097

2,453

3,031

1,506

0

0

0

Acquisitions:
Fair value of assets acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

1,039,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0