Nicolet(US:NIC)2020-01-24 13:40Financial Performance & Strategy - County Bancorp achieved a record year of net income in 2019 [7] - The company aims for a loan growth of 4% and client deposit growth of 5% in 2020 [38] - The company plans to shift cash to investments/BOLI (Bank-Owned Life Insurance) [38] - The company projects an 8% growth in loans serviced [38] - The company intends to invest in technology and data in 2020 [36] Asset Quality & Risk Management - The company's adverse asset coverage ratio improved to under 40% [7] - Two classified loans totaling $10.2 million were moved to nonaccrual status [8] - Watch and Worse Rated Loans totaled $311.329 thousand as of 12/31/19 [12] - The company's total assets were $1.4 billion as of December 31, 2019 [42] Lending & Funding - Total loans and loans serviced amounted to $1.8 billion [42] - Client Deposits accounted for 32.7% of the funding composition [103]