Company: ASB
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000007789-25-000049
Chunk: 4

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 2
Chunk 4
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 3,622 3.91%310,370 3,203 4.11%263,979 2,863 4.36%Other short-term funding31,312 408 5.28%88,415 1,135 5.11%449,999 5,603 5.01%FHLB advances1,595,972 16,090 4.09%1,456,087 17,908 4.89%1,540,247 21,671 5.66%Other long-term funding627,658 11,085 7.06%840,880 13,769 6.55%539,106 10,058 7.46%Total short and long-term funding2,630,852 31,205 4.79%2,695,752 36,015 5.33%2,793,331 40,194 5.78%Total interest-bearing liabilities31,824,193 $240,345 3.06%31,294,664 $258,903 3.29%30,178,337 $266,425 3.55%Noninterest-bearing demand deposits5,640,123 5,738,557 5,882,052 Other liabilities535,732 510,000 527,437 Stockholders’ equity4,630,578 4,528,342 4,181,381 Total liabilities and stockholders’ equity$42,630,627 $42,071,562 $40,769,206 Interest rate spread2.39%2.17%2.09%Net free funds0.58%0.64%0.70%Fully tax-equivalent net interest income and net interest margin$290,195 2.97%$273,968 2.81%$261,628 2.79%Fully tax-equivalent adjustment4,254 3,680 3,770 Net interest income$285,941 $270,289 $257,858 

(a) The average yield on tax-exempt loans and securities is computed on a fully tax-equivalent basis using a tax rate of 21%.

(b) Loans held for sale have been included in the average balances.

51

Notable Contributions to the Change in Net Interest Income

•Fully tax-equivalent net interest income and net interest