Company: ASB
Filing Date: 2025-02-12
Form Type: 10-K
Source: 0000007789-25-000013
Chunk: 114

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-02-12
Form: 10-K
Item: Item 8
Chunk 114
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(a)9,025 — — 9,025 Other assets / accrued expenses and other liabilities— (13,254)— (13,254)Interest income— 13,930 — 13,930 Personnel expense— — (326)(326)Other expense— — (29)(29)Income tax (expense)(30,560)(956)(6,304)(37,820)Net other comprehensive income (loss) during period84,550 (280)17,432 101,703 Balance, December 31, 2023$(148,641)$3,080 $(25,535)$(171,096)Other comprehensive (loss) income before reclassifications$(23,978)$— $2,210 $(21,768)Amounts reclassified from accumulated other comprehensive income (loss):Investment securities losses, net148,380 — — 148,380 HTM investment securities, net, at amortized cost(a)8,360 — — 8,360 Other assets / accrued expenses and other liabilities— (21,537)— (21,537)Interest income— 16,478 — 16,478 Personnel expense— — (290)(290)Other expense— — (28)(28)Income tax (expense) benefit(33,114)710 (511)(32,915)Net other comprehensive income (loss) during period99,648 (4,348)1,381 96,681 Balance, December 31, 2024$(48,993)$(1,268)$(24,154)$(74,416)(a) Amortization of net unrealized losses on AFS securities transferred to HTM securities.

Note 22 Revenue from Contracts with Customers 

Revenue from contracts with customers is recognized when obligations under the terms of a contract with the Corporation's customer are satisfied. Revenue is measured as the amount of consideration we expect to receive in exchange for transferring goods or providing services. We do not have any material significant payment terms as payment is received at or shortly after the satisfaction of the performance obligation.

147

The Corporation's disaggregated revenue by major source is presented below:For the Year Ended December 31, 2024($ in thousands)Corporate and Commercial SpecialtyCommunity, Consumer and BusinessRisk Management and Shared ServicesConsolidated CorporationWealth management fees$— $92