Company: ASB
Filing Date: 2025-02-12
Form Type: 10-K
Source: 0000007789-25-000013
Chunk: 55

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-02-12
Form: 10-K
Item: Item 8
Chunk 55
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 1.35 %

110

The following table presents a summary of the changes in the ACLL by portfolio segment for the year ended December 31, 2023:($ in thousands)Dec 31, 2022Charge OffsRecoveriesNet Charge OffsProvision for Credit LossesDec 31, 2023ACLL / LoansAllowance for loan lossesCommercial and industrial$119,076 $(45,687)$3,015 $(42,672)$51,859 $128,263 Commercial real estate — owner occupied9,475 (25)11 (15)1,150 10,610 Commercial and business lending128,551 (45,713)3,026 (42,687)53,009 138,873 Commercial real estate — investor54,398 (252)3,016 2,763 10,697 67,858 Real estate construction45,589 (25)80 55 7,910 53,554 Commercial real estate lending99,986 (277)3,095 2,819 18,607 121,412 Total commercial228,538 (45,989)6,121 (39,868)71,616 260,285 Residential mortgage38,298 (952)541 (411)(79)37,808 Auto finance19,619 (5,950)1,241 (4,709)10,051 24,961 Home equity14,875 (424)1,262 837 (310)15,403 Other consumer11,390 (5,453)978 (4,475)5,723 12,638 Total consumer84,182 (12,779)4,021 (8,758)15,384 90,809 Total loans$312,720 $(58,768)$10,142 $(48,626)$87,000 $351,094 Allowance for unfunded commitmentsCommercial and industrial$12,997 $— $— $— $321 $13,319 Commercial real estate — owner occupied103 — — — 46 149 Commercial and business lending13,101 — — — 367 13,468 Commercial real estate — investor710 — — — (230)480