Company: ASB
Filing Date: 2025-02-12
Form Type: 10-K
Source: 0000007789-25-000013
Chunk: 83

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-02-12
Form: 10-K
Item: Item 8
Chunk 83
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 payable by the counterparty.See Note 13 for additional information on the Corporation’s derivative and hedging activities. The following tables present the interest rate and foreign exchange assets and liabilities subject to an enforceable master netting arrangement. The interest rate and foreign exchange agreements the Corporation has with its commercial customers are not subject to an enforceable master netting arrangement and are therefore excluded from these tables: Gross Amounts Subject to Master Netting Arrangements Offset on the Consolidated Balance SheetsNet Amounts Presented on the Consolidated Balance SheetsGross Amounts Not Offset on the Consolidated Balance Sheets ($ in thousands)Gross Amounts RecognizedDerivative Liabilities OffsetCash Collateral ReceivedSecurity Collateral ReceivedNetAmountDerivative assetsDecember 31, 2024$79,807 $(12,667)$(35,190)$31,950 $(31,950)$— December 31, 202387,075 (18,234)(35,855)32,985 (32,985)— Gross Amounts Subject to Master Netting Arrangements Offset on the Consolidated Balance SheetsNet Amounts Presented on the Consolidated Balance SheetsGross Amounts Not Offset on the Consolidated Balance Sheets ($ in thousands)Gross Amounts RecognizedDerivative Assets OffsetCash Collateral Pledged Security Collateral PledgedNetAmountDerivative liabilitiesDecember 31, 2024$14,369 $(12,667)$(250)$1,452 $— $1,452 December 31, 202318,767 (18,234)— 533 — 533 

128

Note 15 Commitments, Off-Balance Sheet Arrangements, and Legal Proceedings 

The Corporation utilizes a variety of financial instruments in the normal course of business to meet the financial needs of its customers and to manage its own exposure to fluctuations in interest rates. These financial instruments include lending-related and other commitments (see below) as well as derivative instruments (see Note 13). The following is a summary of lending-related commitments:($ in thousands)December 31, 2024December 31, 2023Commitments to extend credit, excluding commitments to originate residential mortgage loans held for sale(a)(b)$11,173,438 $11,170,147 Commercial letters of credit(a)875 3,697 Standby letters of credit(c)253,709 212,029 (a) These off-balance sheet financial