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Nicolet National Bank

$10B-$250B Specialty: Commercial WI FDIC cert 57038

Green Bay, WI

117 branches across WI · IA · MI · MN · CO · FL

NEW · Q2 2026 RECAP

Your Quarter, Wrapped

A 35-second highlight reel of your Q2 — the wins worth celebrating and the one signal worth watching, pulled straight from your scorecard data.

Q2 2026 at a glance

  • 1 of 139 banks in the $10B-$250B peer group nationwide — 1 of 2 in WI.
  • Deposits +68.6% year over year ($13.0B on the books).
  • Delinquency rate 0.64%.
  • Return on assets 1.17%.
  • Efficiency ratio 61.51% vs a 53.67% peer average.
  • Loan-to-deposit ratio 85.99% vs a 82.61% peer average.

Animation disabled (reduced-motion preference). Full details in the Core Metrics table below.

139 banks in the $10B-$250B peer group nationally 2 in WI
View $10B-$250B leaderboard (WI) →

Nicolet National Bank has 2 strengths but faces 3 concerns

Key Strengths include matched growth signatures, metrics ranked in the top 10%, and values meaningfully above the tier average.
Key Concerns include matched risk or decline signatures, metrics ranked in the bottom 10%, and values meaningfully below the tier average.

Key Strengths

Areas where this bank excels compared to peers

  • + Net Interest Margin 0.41% above tier average
  • + Delinquency Rate 0.37% below tier average

Key Concerns

Areas that may need attention

  • - Cost Spiral: Bottom 50.0% in tier
  • - Margin Compression: Bottom 50.0% in tier
  • - NIB Deposit Bleed: Bottom 66.7% in tier
Get updates when Nicolet National Bank releases new data →

Core Metrics

As of 2026-Q2

Metric Current vs Tier Tier Avg State Avg (WI) National Avg Tier Percentile
Total Assets ? $15.4B
+72.6% YoY -1.0% QoQ
-$28.2B $43.6B
-13.8% YoY
$1.2B
+13.5% YoY
$6.3B
+7.7% YoY
24%
Total Loans ? $11.1B
+64.2% YoY -0.2% QoQ
-$16.8B $28.0B
-8.6% YoY
$860.4M
+13.3% YoY
$3.2B
+9.4% YoY
27%
Total Deposits ? $13.0B
+68.6% YoY -1.3% QoQ
-$22.5B $35.4B
-14.0% YoY
$935.5M
+13.1% YoY
$4.9B
+7.3% YoY
24%
Return on Assets ? 1.17%
-23.9% YoY +90.7% QoQ
-0.22% 1.39%
+25.9% YoY
1.56%
+18.6% YoY
1.30%
+12.1% YoY
39%
Net Interest Margin ? 4.33%
+14.0% YoY +6.1% QoQ
+0.41% 3.92%
+8.9% YoY
3.83%
+8.5% YoY
3.95%
+4.9% YoY
85%
Efficiency Ratio ? 61.51%
+22.3% YoY -17.1% QoQ
+7.84% 53.67%
-1.9% YoY
62.90%
-5.1% YoY
70.05%
+2.5% YoY
24%
Delinquency Rate ? 0.64%
+57.1% YoY -2.5% QoQ
-0.37% 1.01%
-2.8% YoY
0.85%
+12.5% YoY
0.98%
+16.3% YoY
57%
Loan-to-Deposit Ratio ? 85.99%
-2.6% YoY +1.1% QoQ
+3.38% 82.61%
+3.1% YoY
87.22%
+0.9% YoY
79.03%
+2.3% YoY
47%
Non-Interest-Bearing Deposit Share ? 22.04%
-12.7% YoY +6.3% QoQ
+1.46% 20.58%
+4.9% YoY
18.65%
-1.9% YoY
21.98%
-0.6% YoY
47%
Nonperforming Asset Ratio ? 0.49%
+52.1% YoY -4.7% QoQ
-0.24% 0.73%
+5.8% YoY
0.63%
+16.4% YoY
0.69%
+15.8% YoY
51%
Tier 1 Capital Ratio ? 11.08%
-0.2% YoY -0.2% QoQ
-4.27% 15.35%
-0.4% YoY
15.02%
+1.5% YoY
17.09%
+0.8% YoY
Bottom 6.5% in tier
Non-Interest Income / Assets ? 0.32%
-7.5% YoY +146.1% QoQ
-0.18% 0.50%
+10.5% YoY
2.21%
+12.7% YoY
0.66%
+5.2% YoY
45%

Additional Detail

Deposit mix, loan mix, capital, efficiency, asset quality & profitability · As of 2026-Q2

Deposit Composition

% of total deposits

Metric Current vs Tier Tier Avg State Avg (WI) National Avg Tier Percentile
Noninterest-Bearing 22.0%
-3.2pp YoY
+1.3pp QoQ
 +1.0pp 21.0% 18.9% 22.2% 45%
Brokered Deposits 3.7%
-3.9pp YoY
-0.7pp QoQ
 -5.5pp 9.2% 9.2% 8.5% 38%

Loan Composition

% of total loans & leases

Metric Current vs Tier Tier Avg State Avg (WI) National Avg Tier Percentile
C&I 18.7%
-0.9pp YoY
+0.1pp QoQ
 +1.5pp 17.2% 10.5% 12.5% 63%
CRE 44.0%
+5.9pp YoY
-0.4pp QoQ
 +2.0pp 42.0% 46.4% 41.4% 51%
1-4 Family 19.0%
-2.6pp YoY
+0.1pp QoQ
 -4.1pp 23.1% 32.3% 31.3% 40%
Consumer 0.8%
+0.2pp YoY
0.0pp QoQ
 -12.1pp 12.9% 2.6% 5.0% 33%

Capital

Metric Current vs Tier Tier Avg State Avg (WI) National Avg Tier Percentile
CET1 Ratio 11.1%
0.0pp YoY
0.0pp QoQ
 -4.2pp 15.3% 15.5% 19.7% 6%
Leverage Ratio 9.6%
0.0pp YoY
-2.8pp QoQ
 -0.8pp 10.4% 12.6% 12.6% 33%
Total Capital Ratio 12.2%
+0.1pp YoY
0.0pp QoQ
 -4.3pp 16.5% 16.6% 20.8% 6%

Efficiency & Staffing

Metric Current vs Tier Tier Avg State Avg (WI) National Avg Tier Percentile
Full-Time Employees 1,632
+675 (+70.5%) YoY
+4 (+0.2%) QoQ
 -1,626 3,258 134 482 38%
Assets per Employee ($) $9.4M
+1.2% YoY
-1.3% QoQ
 -$17.6M $27.0M $8.2M $8.8M 28%
Branch Count 119
+58 (+95.1%) YoY
0 QoQ
 -19 137 9 18 61%

Asset Quality

Metric Current vs Tier Tier Avg State Avg (WI) National Avg Tier Percentile
Past Due 90+ Days n/a n/a 0.4% 0.4% 0.4% n/a
Nonaccrual 0.6%
+0.2pp YoY
0.0pp QoQ
 -0.1pp 0.7% 0.9% 1.0% 50%
Allowance Coverage 1.87x
-24.3% YoY
+2.8% QoQ
 -0.94x 2.81x 56.89x 20.23x 54%
Net Charge-off Rate (YTD) 0.0%
0.0pp YoY
0.0pp QoQ
 -0.4pp 0.4% 0.0% 0.2% 13%

Profitability

Metric Current vs Tier Tier Avg State Avg (WI) National Avg Tier Percentile
ROE 8.1%
-3.7pp YoY
+3.8pp QoQ
 -4.6pp 12.6% 11.8% 11.6% 17%
Cost of Funds (YTD) 1.8%
-0.3pp YoY
+0.1pp QoQ
 -0.2pp 2.0% 1.8% 1.7% 42%
Net Income ($, YTD) $78.1M
+14.5% YoY
— QoQ
 -$218.7M $296.8M $7.9M $40.4M 20%

Signature Analysis

Composite behavioral patterns that combine multiple metrics to identify what stands out about this bank. Matched signatures only; metric-level callouts appear in the Key Strengths / Key Concerns summary above.

Strengths are growth signatures this bank matches (e.g. Revenue Diversifier, Profitability Leader).
Concerns are risk or decline signatures this bank matches (e.g. Margin Compression, Credit Quality Pressure).

Strengths (0)

No matched strength signatures this quarter

Concerns (3)

Cost Spiral

risk
#7 of 12 • Bottom 50.0% in tier

Historically lean operator (efficiency < 75%) now seeing 5+ point efficiency ratio increase YoY despite strong profitability. Efficiency advantage eroding.

Why this signature
Efficiency Ratio: 61.51%
(Tier: 53.67%, National: 70.05%)
worse than tier avg
12 of 12 Large banks match · 184 nationally
→ Stable +9 banks QoQ | QoQ rank improving

Margin Compression

decline
#10 of 18 • Bottom 50.0% in tier

Profitability above 0.75% ROA but margins eroding by at least 0.10pp YoY. Something changed - rising costs or falling yields need addressing.

Why this signature
Return on Assets: 1.17%
(Tier: 1.39%, National: 1.30%)
worse than tier avg
18 of 18 Large banks match · 413 nationally
→ Stable +8 banks QoQ

NIB Deposit Bleed

decline
#3 of 3 • Bottom 66.7% in tier

Non-interest-bearing deposit share dropped 2+ pp YoY and now below the tier median. Cheap funding leaving for higher-yield competitors.

Why this signature
Noninterest-Bearing Deposit Share: 22.04%
(Tier: 20.58%, National: 21.98%)
better than tier avg
3 of 3 Large banks match · 211 nationally
↓ Shrinking -26 banks QoQ

Metric Rankings

See how this bank ranks across all tracked metrics compared to peers.

Strengths are metrics in the top 25% (75th percentile or higher).
Concerns are metrics in the bottom 25% (25th percentile or lower).
Comparing against 139 peers in $10B-$250B

Top Strengths (1 metrics)

22
Net Interest Margin
profitability
Value: 4.33%
Peer Median: 3.92%
#22 of 139 Top 15.1% in $10B-$250B

Top Weaknesses (4 metrics)

131
Tier 1 Capital Ratio
capital
Value: 11.08%
Peer Median: 15.35%
#131 of 139 Bottom 6.5% in $10B-$250B
107
Efficiency Ratio
profitability
Value: 61.51%
Peer Median: 53.67%
#107 of 139 Bottom 23.7% in $10B-$250B
107
Total Deposits
size
Value: $12.95B
Peer Median: $35.42B
#107 of 139 Bottom 23.7% in $10B-$250B
106
Total Assets
size
Value: $15.39B
Peer Median: $43.60B
#106 of 139 Bottom 24.5% in $10B-$250B
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