 MANISTIQUE, Mich., July 22, 2021 GLOBE NEWSWIRE -- Mackinac Financial Corporation Nasdaq: MFNC we, or the Corporation the bank holding company for mBank the Bank today announced 2021 second quarter net income of 2.94 million, or .28 per share, compared to 2020 second quarter net income of 3.45 million, or .33 per share. The 2021 second quarter results included expenses related to the pending merger with Nicolet Bankshares, Inc. Green Bay, WI Nicolet, which had an estimated after-tax impact of 391 thousand on earnings. Adjusted net income net of transaction related expenses for the second quarter of 2021 was 3.34 million, or .32 per share. Weighted average shares outstanding for the second quarter of 2021 were 10,550,393 compared to 10,533,589 for the same period of 2020. 