Company: ASB
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000007789-25-000116
Chunk: 229

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 8
Chunk 229
---
 of the MSRs asset. These assumptions are considered significant unobservable inputs. See Note 11 for a discussion of the recourse provisions on sold residential mortgage loans. See Note 12 which further discusses fair value measurement relative to the MSRs asset.A summary of changes in the balance of the MSRs asset under the fair value measurement method is as follows:(in thousands)Six Months Ended Jun 30, 2025Year Ended Dec 31, 2024Mortgage servicing rightsMortgage servicing rights at beginning of period$87,683 $84,390 Additions3,256 6,707 Decay(4,062)(8,060)Valuation:Changes in fair value of asset(1,632)4,646 Mortgage servicing rights at end of period$85,245 $87,683 Portfolio of residential mortgage loans serviced for others (“servicing portfolio”)$6,185,631 $6,285,018 Mortgage servicing rights to servicing portfolio1.38 %1.40 %The projections of amortization expense for CDIs and decay for MSRs are based on existing asset balances, the current interest rate environment, and prepayment speeds as of June 30, 2025. The actual expense the Corporation recognizes in any given period may be significantly different depending upon acquisition or sale activities, changes in interest rates, prepayment speeds, market conditions, regulatory requirements, and events or circumstances that indicate the carrying amount of an asset may not be recoverable. The following table shows the estimated future yearly amortization expense for CDIs and decay for MSRs:(in thousands)Core Deposit IntangiblesMortgage Servicing RightsSix months ended December 31, 2025$4,405 $4,695 20268,811 10,817 20278,811 11,309 20283,485 10,955 20291,681 9,945 203061 8,840 Beyond 2030— 28,684 Total estimated amortization expense and MSRs decay(a)$27,255 $85,245  (a) Includes the decrease in value due to passage of time, including the impact from both regularly scheduled principal payments and partial loan paydowns.

31

Note 8 Short and Long-Term Funding 

The following table presents the components of short-term funding (funding with original contractual maturities of one year or less), and long