Company: ASB
Filing Date: 2025-02-12
Form Type: 10-K
Source: 0000007789-25-000013
Chunk: 232

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-02-12
Form: 10-K
Item: Item 7
Chunk 232
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 of the notes to consolidated financial statements for additional information on loans.

•At December 31, 2024, total deposits of $34.6 billion were up $1.2 billion, or 4%, from December 31, 2023, driven by increases in other time deposits of $832 million, or 29%, money market of $307 million, or 5%, savings of $298 million, or 6%, and interest-bearing demand of $281 million, or 3%, partially offset by decreases in noninterest-bearing demand of $344 million, or 6%, and brokered CDs of $171 million, or 4%. See section Deposits and Customer Funding and Note 7 Deposits of the notes to consolidated financial statements for additional information on deposits.

•At December 31, 2024, other long-term funding of $838 million was up $296 million, or 55%, as a result of the issuance of senior debt. See section Other Funding Sources and Note 8 Short and Long-Term Funding of the notes to consolidated financial statements for additional details on funding.

55

Loans

Table 5 Period End Loan Composition  As of December 31, 20242023202220212020 ($ in thousands)Amount% ofTotalAmount% ofTotalAmount% ofTotalAmount% ofTotalAmount% ofTotalCommercial and industrial$10,573,741 36 %$9,731,555 33 %$9,759,454 34 %$8,452,385 35 %$8,469,179 35 %Commercial real estate — owner occupied1,143,741 4 %1,061,700 4 %991,722 3 %971,326 4 %900,912 4 %Commercial and business lending11,717,483 39 %10,793,255 37 %10,751,176 37 %9,423,711 39 %9,370,091 38 %Commercial real estate — investor5,227,975 18 %5,124,245 18 %5,080,344 18 %4,384,569 18 %4,342,584 18 %Real estate construction1,982,632 7 %2,271,398 8 %2,155,222 7 %1,808,