Company: ASB
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000007789-25-000116
Chunk: 79

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 1
Chunk 79
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 Total debt securities6,063 5,991 1,644,015 1,442,982 Residential mortgage-related securities:FNMA/FHLMC126,138 119,914 854,777 707,296 GNMA4,640,079 4,682,415 42,028 39,136 Private-label— — 313,439 262,536 Commercial mortgage-related securities:FNMA/FHLMC18,147 16,937 768,503 644,422 GNMA114,881 110,386 49,399 43,959 Asset backed securities:FFELP 102,177 100,489 — — SBA394 377 — — Total investment securities$5,007,880 $5,036,508 $3,672,161 $3,140,331 Ratio of fair value to amortized cost100.6 %85.5 %

16

On a quarterly basis, the Corporation refreshes the credit quality of each HTM security. The following table summarizes the credit quality indicators of HTM securities at amortized cost at June 30, 2025:(in thousands)AAAAAANot RatedTotalU.S. Treasury securities$994 $994 Obligations of state and political subdivisions (municipal securities)759,281 869,223 8,913 5,605 1,643,021 Residential mortgage-related securities:FNMA/FHLMC854,777 854,777 GNMA42,028 42,028 Private-label313,439 313,439 Commercial mortgage-related securities:FNMA/FHLMC768,503 768,503 GNMA 49,399 49,399 Total HTM securities$2,788,421 $869,223 $8,913 $5,605 $3,672,161 The following table summarizes the credit quality indicators of HTM securities at amortized cost at December 31, 2024:(in thousands)AAAAAANot RatedTotalU.S. Treasury securities$1,000 $— $— $— $1,000 Obligations of state and political subdivisions (municipal securities)767,151 883,438 4,911 4,221 1,659,722