Company: ASB
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000007789-25-000116
Chunk: 81

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 1
Chunk 81
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. 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. 

17

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 June 30, 2025: 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 $— $545 2 $(71)$812 $(71)1,357 Residential mortgage-related securities:FNMA/FHLMC19 (216)25,111 14 (6,509)60,428 (6,725)85,538 GNMA11 (81)60,239 5 (81)4,956 (162)65,195 Commercial mortgage-related securities:FNMA/FHLMC— — — 1 (1,210)16,937 (1,210)16,937 GNMA— — — 16 (4,495)110,386 (4,495)110,386 Asset backed securities:FFELP3 (389)41,906 12 (1,300)58,583 (1,689)100,489 SBA— — — 4 (17)369 (17)369 Other debt securities1 (2)998 — — — (2)998 Total35 $(688)$128,798 54 $(13,682)$252,471 $(14,370)$381,269 HTM investment securitiesObligations of state and political subdivisions (municipal securities)343 $(16,718)$486,300 651 $(184,912)$863,436 $(201,630)$1