Company: ASB
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000007789-25-000116
Chunk: 222

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 8
Chunk 222
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219 $670 The following tables summarize, by loan portfolio, the financial effect of the Corporation's loan modifications on the modified loans.Interest Rate ConcessionFinancial Effect, Weighted Average Contractual Interest Rate (Decrease) Increase(a) Three Months Ended Jun 30,Six Months Ended Jun 30,Loan Type2025202420252024Commercial and industrial(23)%(19)%(24)%(17)%Residential mortgage2 %— %1 %3 %Auto finance— %(8)%— %(8)%Home equity— %— %(2)%(3)%Other consumer(21)%(22)%(21)%(22)%Weighted average of total loans modified(10)%(18)%(8)%(13)%(a) Some interest rate concessions may involve an increase in rate that was lower in comparison to prevailing market rates.Term ExtensionFinancial Effect, Weighted Average Term Increase(a)Three Months Ended Jun 30,Six Months Ended Jun 30,Loan Type2025202420252024Residential mortgage165 months0 months152 months158 monthsHome equity60 months0 months60 months64 monthsWeighted average of total loans modified158 months0 months147 months153 months

(a) During the three months ended June 30, 2025 term extensions changed the weighted average term on modified loans from 268 to 426 months. During the three months ended June 30, 2024, there were no term extensions. During the six months ended June 30, 2025 and June 30, 2024, term extensions changed the weighted average term on modified loans from 267 to 414 months and 254 to 407 months, respectively.

The Corporation closely monitors the performance of loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. The following table depicts the performance of loans that have been modified in the twelve months ended June 30, 2025:

Payment Status (Amortized Cost Basis)(in thousands)Current30-89 Days Past Due90+ Days Past DueCommercial and industrial$431 $— $— Residential mortgage3,406 605 702 Home equity288 31 — Other consumer2,303 — — Total loans modified$6,427 $635 $702 

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The following table depicts the performance of loans that have been modified in the twelve months ended June 30, 2024:Payment Status (Am