Company: ASB
Filing Date: 2025-02-12
Form Type: 10-K
Source: 0000007789-25-000013
Chunk: 79

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-02-12
Form: 10-K
Item: Item 8
Chunk 79
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 AmountFairValueNotional AmountFairValueDesignated as hedging instruments:Interest rate-related instruments(a)$1,950,000 $2,960 $1,150,000 $2,976 $2,300,000 $8,075 $550,000 $930 Foreign currency exchange forwards127,518 2,457 216,665 563 231,566 632 189,212 2,946 Total designated as hedging instruments5,418 3,539 8,707 3,876 Not designated as hedging instruments:Interest rate-related and other instruments3,858,867 88,541 6,992,894 170,928 3,603,513 111,623 6,528,471 195,662 Foreign currency exchange forwards68,028 4,315 74,199 4,106 87,526 2,954 135,654 2,746 Mortgage banking(b)(c)28,580 580 85,000 — 29,490 439 51,500 673 Total not designated as hedging instruments93,436 175,034 115,016 199,082 Gross derivatives before netting98,854 178,573 123,723 202,958 Less: Legally enforceable master netting agreements12,667 12,667 18,234 18,234 Less: Cash collateral pledged/received35,190 250 35,855 — Total derivative instruments, after netting$50,997 $165,656 $69,634 $184,724 (a) The notional amounts of the interest rate-related instruments designated as hedging instruments include forward starting interest rate swaps with an effective date ranging from February 1, 2025 to March 1, 2025. The asset notional amount and fair value on such swaps were $100 million and approximately $333,000, respectively. The liability notional amount and fair value on such swaps were $300 million and $1 million, respectively.(b) The notional amount of the mortgage derivative asset includes interest rate lock commitments, while the notional amount of the mortgage derivative liability includes forward commitments.(c) At December 31, 2024, the mortgage derivative asset included approximately $254,000 of forward commitments fair value.The following table presents amounts that were recorded