Company: ASB
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000007789-25-000116
Chunk: 249

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 8
Chunk 249
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34,648,434 34,648,434 — 7,976,827 26,671,607 Federal funds purchased and securities sold under agreements to repurchase470,369 470,370 — 470,370 — FHLB advances1,853,807 1,852,685 — 1,852,685 — Other long-term funding837,635 823,991 — 823,991 — Standby letters of credit(b)2,546 2,546 — 2,546 — Interest rate-related instruments designated as hedging instruments(c)2,976 2,976 — 2,976 — Foreign currency exchange forwards designated as hedging instruments(c)563 563 — 563 — Interest rate-related and other instruments not designated as hedging instruments(c)170,928 170,928 — 170,928 — Foreign currency exchange forwards not designated as hedging instruments(c)4,106 4,106 — 4,106 — Total selected liabilities at fair value$37,991,364 $37,976,599 $— $11,304,992 $26,671,607 (a) When the estimated fair value is less than the carrying value, the carrying value is reported as the fair value.(b) The commitment on standby letters of credit was $253.7 million at December 31, 2024. See Note 11 for additional information on the standby letters of credit and for information on the fair value of lending-related commitments.(c) Figures are presented gross before netting. See Note 9 and Note 10 for information relating to the impact of offsetting derivative assets and liabilities and cash collateral with the same counterparty where there is a legally enforceable master netting agreement in place.The table below presents a rollforward of the consolidated balance sheets amounts for the Corporation's mortgage derivatives measured on a recurring basis and classified within Level 3 of the fair value hierarchy:(in thousands)Interest rate lock commitments to originate residential mortgage loans held for saleForward commitments to sell residential mortgage loansTotalBalance December 31, 2023$439 $673 $(234)New production11,771 (4,000)15,771 Closed loans / settlements(8,816)3,512 (12,328)Other(3,068)(438)(2,630)Change