Nicolet National Bank
Green Bay, Wisconsin, Brown County
$15.4B in total assets, the 129th largest of 4,309 US banks and 2nd of 155 headquartered in Wisconsin.
- FDIC certificate
- 57038
- Established
- 2000
- Owned by
- Nicolet Bankshares Inc
- Primary regulator
- OCC
- Website
- www.nicoletbank.com
At a glance
Compared with 132 US banks with $10 billion to $100 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $15.4B | 27% | $22.5B | |
| Loans | $11.3B | 30% | $14.5B | |
| Deposits | $13.0B | 27% | $18.4B | |
| Return on assets | 1.37% | 61% | 1.29% | |
| Net interest margin | 4.33% | 85% | 3.61% | |
| Efficiency ratio | 61.5% | 76% | 55.1% | |
| Equity to assets | 14.96% | 90% | 11.57% | |
| Loans to deposits | 87% | 50% | 87% |
Growth
Total assets grew 27.5% a year over the last 5 years and 21.2% a year over 10 years, including 7 acquisitions in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Feb 2026 | MidWestOne Bank Iowa City, IA | $6.3B |
| Aug 2022 | Charter Bank Eau Claire, WI | $1.1B |
| Dec 2021 | Investors Community Bank Manitowoc, WI | $1.5B |
| Sep 2021 | mBank Manistique, MI | $1.5B |
| Aug 2020 | Advantage Community Bank Dorchester, WI | $160M |
| Nov 2019 | Choice Bank Oshkosh, WI | $436M |
| Apr 2017 | The First National Bank - Fox Valley Neenah, WI | $457M |
| Apr 2016 | Baylake Bank Sturgeon Bay, WI | $1.1B |
| Aug 2013 | Bank of Wausau Wausau, WI | $44M |
| Apr 2013 | Mid-Wisconsin Bank Medford, WI | $448M |
Where they operate
117 branches in 61 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Brown County, WI | $2.4B | 17.3% | 2 of 16 |
| Johnson County, IA | $898M | 18.4% | 2 of 17 |
| Dubuque County, IA | $869M | 24.5% | 2 of 9 |
| Door County, WI | $829M | 64.1% | 1 of 5 |
| Winnebago County, WI | $513M | 19.4% | 1 of 17 |
| Outagamie County, WI | $486M | 11.6% | 3 of 17 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 94 branches since 2016 (23 to 117, +408.7%). 9 opened, 115 acquired, 30 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 23 | |||
| 2016 | Acquired Baylake BankBought 3 branches from Union State Bank, sold 2 branches to Unity Bank, closed 7 in Wisconsin | 22 | 9 | +13 | 36 |
| 2017 | Acquired The First National Bank - Fox ValleyClosed 3 in Wisconsin | 5 | 3 | +2 | 38 |
| 2019 | Acquired Choice BankClosed Oshkosh | 2 | 1 | +1 | 39 |
| 2020 | Acquired Advantage Community BankOpened Appleton, closed 8 in Wisconsin | 5 | 8 | −3 | 36 |
| 2021 | Acquired mBank and Investors Community BankOpened 4 in Wisconsin, closed 5 in 2 states | 24 | 5 | +19 | 55 |
| 2022 | Acquired Charter BankClosed Eau Claire | 4 | 1 | +3 | 58 |
| 2023 | Opened Chippewa Falls | 1 | 0 | +1 | 59 |
| 2024 | Opened 3 in 3 statesClosed Wausau | 3 | 2 | +1 | 60 |
| 2025 | Closed Sheboygan | 0 | 1 | −1 | 59 |
| 2026 through Q2 | Acquired MidWestOne Bank | 58 | 0 | +58 | 117 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 30% | 25% | |
| 1-4 family residential | 19% | 21% | |
| Business (C&I) | 18% | 17% | |
| Farmland | 11% | 1% | |
| Multifamily | 7% | 8% | |
| Construction and land | 6% | 6% | |
| Agricultural | 5% | 0% | |
| Consumer | 1% | 10% | |
| Other | 3% | 13% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 56% | 62% | |
| Noninterest-bearing | 22% | 20% | |
| Time deposits | 22% | 18% |
Brokered deposits are 3.7% of deposits (peers 7.3%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.48% | 0.63% |
| Net charge-offs, annualized | 0.03% | 0.14% |
| Reserves to loans | 1.19% | 1.14% |
| Leverage ratio | 9.64% | 10.26% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Wisconsin
Largest competitors in Brown County, WI
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/nicolet