Company: ASB
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000007789-25-000116
Chunk: 291

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 8
Chunk 291
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)(40)Residential mortgage— (1)(2)1 (1)(1)(1)Auto finance(15)(29)(9)(22)(26)(19)(24)Home equity16 16 14 18 17 26 15 Other consumer(256)(226)(244)(268)(208)(216)(221)Total consumer(11)(12)(10)(11)(11)(8)(10)Total net charge offs(14)(30)(17)(12)(16)(18)(29)(a) Annualized ratio of net charge offs to average loans by loan type.

Notable Contributions to the Change in the Allowance for Credit Losses on Loans

•Total nonaccrual loans decreased $10.3 million, or 8%, from December 31, 2024, and decreased $41.4 million, or 27%, from June 30, 2024. The decrease from December 31, 2024 was driven by a decrease in commercial and business lending, partially offset by an increase in residential mortgage lending. The decrease from June 30, 2024 was driven by decreases in commercial real estate - investor and commercial and business lending, partially offset by an increase in residential mortgage lending. See Note 6 Loans of the notes to consolidated financial statements and Table 10 for additional disclosures on the changes in asset quality.

•YTD net charge offs decreased $21.7 million from June 30, 2024, primarily driven by a decrease within commercial and industrial lending, partially offset by an increase in commercial real estate - investor lending. See Table 11 and Table 12 for additional information on the activity in the ACLL.

Management believes the level of ACLL to be appropriate at June 30, 2025.

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Deposits and Customer Funding

The following table summarizes the composition of our deposits and customer funding:

Table 13 Period End Deposit and Customer Funding Composition(a)Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024 (Dollars in thousands)Amount% ofTotalAmount% ofTotalAmount% ofTotalAmount% ofTotalAmount% ofTotalNoninterest-bearing demand$5,782,487 17 %$6,135,946 17 %$5,775,657 17 %$5,857,421 17 %$5,815,045