Company: ASB
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000007789-25-000116
Chunk: 236

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 8
Chunk 236
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Three Months Ended Jun 30,Six Months Ended Jun 30,(in thousands)2025202420252024Interest rate-related instruments designated as cash flow hedging instrumentsAmount of income (loss) recognized in OCI on cash flow hedge derivatives(a)$1,264 $(6,787)$8,532 $(26,248)Amount of loss reclassified from accumulated other comprehensive income (loss) into interest income(a)1,437 4,769 2,555 9,592 (a) The entirety of gains (losses) recognized in OCI as well as the losses reclassified from accumulated other comprehensive income (loss) into interest income were included components in the assessment of hedge effectiveness.Amounts reported in accumulated other comprehensive income (loss) related to cash flow hedge derivatives are reclassified to interest income as interest payments are made on the hedged variable interest rate assets. The Corporation estimates that $2.2 million will be reclassified as an increase to interest income over the next 12 months. This amount could differ from amounts actually recognized due to changes in interest rates, hedge de-designations, or the addition of other hedges subsequent to June 30, 2025. The maximum length of time over which the Corporation is hedging its exposure to the variability in future cash flows is 30 months as of June 30, 2025.The table below identifies the effect of derivatives not designated as hedging instruments on the Corporation's consolidated statements of income:Consolidated Statements of Income Category of Gain / (Loss) Recognized in IncomeThree Months Ended Jun 30,Six Months Ended Jun 30,(in thousands)2025202420252024Derivative instrumentsInterest rate-related and other instruments — customer and mirror, netCapital markets, net$(42)$13 $(90)$(58)Interest rate-related instruments — MSRs hedgeMortgage banking, net(308)(1,374)1,158 (4,311)Foreign currency exchange forwardsCapital markets, net(1,075)(140)(575)605 Interest rate lock commitments (mortgage)Mortgage banking, net933 100 1,594 327 Forward commitments (mortgage)Mortgage banking, net(779)127 (1,616)578 

Note 10 Balance Sheet Offsetting 

Interest Rate-Related Instruments and Foreign Exchange Forwards (“Interest and Foreign Exchange Agreements”)The Corporation is permitted to present derivative receiv