Company: ASB
Filing Date: 2025-02-12
Form Type: 10-K
Source: 0000007789-25-000013
Chunk: 30

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-02-12
Form: 10-K
Item: Item 8
Chunk 30
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 losses on HTM securities was approximately $60,000 and $75,000 at December 31, 2024 and 2023, respectively, attributable entirely to the Corporation's municipal securities, included in HTM investment securities, net, at amortized cost on the consolidated balance sheets. The Corporation also holds U.S. Treasury, municipal, and mortgage-related securities issued by the U.S. government or a GSE which are backed by the full faith and credit of the U.S. government and private-label residential mortgage-related securities that have credit enhancement which covers the first 15% of losses and, as a result, no allowance for credit losses has been recorded related to these securities.The following represents gross unrealized losses and the related fair value of AFS and HTM securities, aggregated by investment category and length of time individual securities have been in a continuous unrealized loss position, at December 31, 2024: Less than 12 months12 months or moreTotal($ in thousands)NumberofSecuritiesUnrealized(Losses)FairValueNumberofSecuritiesUnrealized(Losses)FairValueUnrealized (Losses)FairValueAFS investment securitiesObligations of state and political subdivisions (municipal securities)1 $(3)$542 2 $(55)$828 $(58)$1,370 Residential mortgage-related securities:FNMA/FHLMC23 (607)31,983 14 (8,927)61,596 (9,534)93,579 GNMA116 (13,706)1,660,642 4 (145)3,945 (13,851)1,664,587 Commercial mortgage-related securities:FNMA/FHLMC— — — 1 (1,332)17,000 (1,332)17,000 GNMA— — — 16 (4,800)111,475 (4,800)111,475 Asset backed securities:FFELP— — — 12 (604)62,830 (604)62,830 SBA— — — 4 (24)464 (24)464 Other debt securities1 (7)993 1 (3)997 (11)1,989 Total141 $(14,323)$1,694,159 54 $(15,