Company: ASB
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000007789-25-000116
Chunk: 250

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 8
Chunk 250
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 in mortgage derivative(113)(927)814 Balance December 31, 2024327 (254)580 New production6,409 (1,716)8,125 Closed loans / settlements(5,300)1,755 (7,055)Other486 1,577 (1,092)Change in mortgage derivative1,594 1,616 (21)Balance June 30, 2025$1,921 $1,362 $559 The following table presents a rollforward of the fair value of Level 3 equity securities that are measured under the measurement alternative, and the related adjustments recorded during the periods presented for those securities with observable price changes: (in thousands)Fair value as of December 31, 2023$24,769 Gains recognized in investment securities gains, net4,054 Purchases22 Sales(28,772)Fair value as of December 31, 2024$72 Purchases10 Sales(23)Fair value as of June 30, 2025$59 

43

The table below presents the Corporation’s assets measured at fair value on a nonrecurring basis, aggregated by the level in the fair value hierarchy within which those measurements fall:(in thousands)Fair Value HierarchyFair ValueConsolidated Statements of Income Category of Adjustment Recognized in IncomeAdjustment Recognized on the Consolidated Statements of Income(a)Jun 30, 2025AssetsIndividually evaluated loansLevel 3$16,913 Provision for credit losses$1,559 OREO(a)Level 28,802 Other noninterest expense / provision for credit losses(b)7,046 Dec 31, 2024AssetsIndividually evaluated loansLevel 3$31,483 Provision for credit losses$17,454 OREO(a)Level 2276 Other noninterest expense / provision for credit losses(b)1,067 (a) If the fair value of the collateral exceeds the carrying amount of the asset, no charge off or adjustment is necessary, the asset is not considered to be carried at fair value and is therefore not included in the table. (b) When a property's value is written down at the time it is transferred to OREO, the charge off is booked to the provision for credit losses. When a property is already in OREO and subsequently written down, the charge off is booked to other