Company: ASB
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000007789-25-000049
Chunk: 23

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 2
Chunk 23
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30,294,127 $29,768,586 $29,990,897 $29,618,271 $29,494,263 

60

Table 12 Annualized Net (Charge Offs) Recoveries(a)Quarter Ended(In basis points)Mar 31,2025Dec 31,2024Sep 30,2024Jun 30,2024Mar 31,2024Net loan (charge offs) recoveriesCommercial and industrial(18)(9)(43)(55)(77)Commercial real estate — owner occupied— — — — — Commercial and business lending(16)(8)(39)(50)(69)Commercial real estate — investor(7)(51)— (37)— Real estate construction1 — — — 1 Commercial real estate lending(5)(37)— (25)— Total commercial(12)(19)(23)(40)(41)Residential mortgage1 (1)(1)(1)— Auto finance(22)(26)(19)(24)(35)Home equity18 17 26 15 14 Other consumer(268)(208)(216)(221)(232)Total consumer(11)(11)(8)(10)(13)Total net charge offs(12)(16)(18)(29)(30)

(a) Annualized ratio of net charge offs to average loans by loan type.

Notable Contributions to the Change in the Allowance for Credit Losses on Loans

•Total nonaccrual loans increased $12 million, or 9%, from December 31, 2024, and decreased $44 million, or 24%, from March 31, 2024. The increase from December 31, 2024 was driven by increases in CRE - investor lending and residential mortgage lending, partially offset by a decrease in commercial and industrial lending. The decrease from March 31, 2024 was driven by a decrease in commercial and industrial lending, partially offset by increases in CRE - investor lending and residential mortgage lending. See Note 6 Loans of the notes to consolidated financial statements and Table 10 for additional disclosures on the changes in asset quality.

•YTD net charge offs decreased $13 million from March 31, 2024, primarily driven by a decrease within commercial and industrial lending, partially offset by an increase in CRE - investor lending. See Table 11 and Table 12 for additional information on the activity in the ACLL.

Management