Company: ASB
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000007789-25-000116
Chunk: 261

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 8
Chunk 261
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 capitalization. The discount rate used to capitalize the operating leases is the FHLB borrowing rate on the date of lease commencement. When determining the rate to discount specific lease obligations, the repayment period and term are considered. Operating and finance lease costs and cash flows resulting from these leases are presented below:Three Months Ended Jun 30,Six Months Ended Jun 30,(in thousands)2025202420252024Operating lease costs$1,682 $1,551 $3,384 $3,096 Finance lease costs1 23 2 46 Operating lease cash flows1,653 1,592 3,328 3,436 Finance lease cash flows23 23 46 46 The right-of-use asset and lease liability by lease classifications on the consolidated balance sheets were as follows:(in thousands)Consolidated Balance Sheets CategoryJun 30, 2025Dec 31, 2024Operating lease right-of-use assetPremises and equipment$31,795 $33,202 Operating lease liabilityAccrued expenses and other liabilities34,246 35,596 Finance lease liabilityOther long-term funding250 295 

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The lease payment obligations, weighted-average remaining lease term, and weighted-average original discount rate were as follows:Jun 30, 2025Dec 31, 2024(in thousands)Lease PaymentsWeighted-average Lease Term (in years)Weighted-average Discount RateLease PaymentsWeighted-average Lease Term (in years)Weighted-average Discount RateOperating leasesRetail and corporate offices$36,813 7.914.29 %$39,072 8.304.26 %Land3,567 6.363.82 %3,228 6.633.52 %Equipment204 1.004.62 %204 1.504.62 %Total operating leases$40,584 7.734.25 %$42,505 8.134.20 %Finance leasesRetail and corporate offices$255 2.751.32 %$301 3.251.32 %Contractual lease payment obligations for each of the next five years and thereafter, in addition to a reconciliation to the Corporation’s lease liability, were as follows:(in thousands)Operating LeasesFinance LeasesTotal LeasesSix months ended December 31, 2025$3,523 $46 $3,570 20266,638