Company: ASB
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000007789-25-000179
Chunk: 99

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 1
Chunk 99
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 loans modified(6)%(7)%(7)%(8)%(a) Some interest rate concessions may involve an increase in rate that was lower in comparison to prevailing market rates.Term ExtensionFinancial Effect, Weighted Average Term Increase(a)Three Months Ended Sep 30,Nine Months Ended Sep 30,Loan Type2025202420252024Residential mortgage122 months105 months138 months116 monthsHome equity60 months64 months60 months64 monthsWeighted average of total loans modified120 months100 months135 months111 months(a) During the three months ended September 30, 2025 and September 30, 2024, term extensions changed the weighted average term on modified loans from 294 to 414 months and 273 to 373 months, respectively. During the nine months ended September 30, 2025 and September 30, 2024, term extensions changed the weighted average term on modified loans from 281 to 416 months and 272 to 383 months, respectively.The Corporation closely monitors the performance of loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. The following table depicts the performance of loans that have been modified in the twelve months ended September 30, 2025:Payment Status (Amortized Cost Basis)(in thousands)Current30-89 Days Past Due90+ Days Past DueCommercial and industrial$458 $— $— Residential mortgage4,424 880 433 Home equity221 — — Other consumer2,220 — — Total loans modified$7,324 $880 $433 

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The following table depicts the performance of loans that have been modified in the twelve months ended September 30, 2024:Payment Status (Amortized Cost Basis)(in thousands)Current30-89 Days Past DueCommercial and industrial$424 $— Residential mortgage1,462 568 Auto finance22 21 Home equity235 33 Other consumer1,642 — Total loans modified$3,783 $622 The following table provides the amortized cost of loan modifications by loan portfolio and type of concession for loans that were modified in the previous twelve months and subsequently had a payment default during the nine months ended September 30, 2025:Amortized Cost of Loan Modifications that Subsequently Defaulted(in thousands)Interest Rate ConcessionTerm ExtensionCombination Interest Rate Reduction and Term ExtensionHome equity$— $—