Company: ASB
Filing Date: 2025-02-12
Form Type: 10-K
Source: 0000007789-25-000013
Chunk: 62

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-02-12
Form: 10-K
Item: Item 8
Chunk 62
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 202647,925 202717,814 20286,204 20296,550 Thereafter5 Total$7,976,827 

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-term funding (funding with original contractual maturities greater than one year):($ in thousands)December 31, 2024December 31, 2023Short-term fundingFederal funds purchased$370,325 $220,160 Securities sold under agreements to repurchase100,044 106,620 Federal funds purchased and securities sold under agreements to repurchase$470,369 $326,780 Long-term fundingCorporation senior notes, at par$300,000 $— Corporation subordinated notes, at par550,000 550,000 Discount and capitalized costs(8,664)(7,748)Subordinated debt fair value hedge(a)(3,996)(1,366)Finance leases295 383 Total long-term funding$837,635 $541,269 Total short and long-term funding, excluding FHLB advances$1,308,004 $868,049 FHLB advancesShort-term FHLB advances$1,250,000 $740,000 Long-term FHLB advances611,551 1,209,907 FHLB advances fair value hedge(a)(7,744)(9,713)Total FHLB advances$1,853,807 $1,940,194 Total short and long-term funding$3,161,811 $2,808,243 (a) For additional information on the fair value hedges, see Note 13.Securities Sold Under Agreement to RepurchaseThe Corporation enters into agreements under which it sells securities subject to an obligation to repurchase the same or similar securities. Under these arrangements, the Corporation may transfer legal control over the assets but still retain effective control through an agreement that both entitles and obligates the Corporation to repurchase the assets. The obligation to repurchase the securities is reflected as a liability on the Corporation’s consolidated balance sheets, while the securities underlying the 

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repurchase agreements remain in the respective investment securities asset accounts (i.e., there is no offsetting or netting of the investment securities assets with the repurchase agreement liabilities).The Corporation utilizes rep