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

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 2
Chunk 29
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 Allowance for Credit Losses on Loans

•Total nonaccrual loans decreased $10.3 million, or 8%, from December 31, 2024, and decreased $41.4 million, or 27%, from June 30, 2024. The decrease from December 31, 2024 was driven by a decrease in commercial and business lending, partially offset by an increase in residential mortgage lending. The decrease from June 30, 2024 was driven by decreases in commercial real estate - investor and commercial and business lending, partially offset by an increase in residential mortgage lending. See Note 6 Loans of the notes to consolidated financial statements and Table 10 for additional disclosures on the changes in asset quality.

•YTD net charge offs decreased $21.7 million from June 30, 2024, primarily driven by a decrease within commercial and industrial lending, partially offset by an increase in commercial real estate - investor lending. See Table 11 and Table 12 for additional information on the activity in the ACLL.

Management believes the level of ACLL to be appropriate at June 30, 2025.

66

Deposits and Customer Funding

The following table summarizes the composition of our deposits and customer funding:

Table 13 Period End Deposit and Customer Funding Composition(a)Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024 (Dollars in thousands)Amount% ofTotalAmount% ofTotalAmount% ofTotalAmount% ofTotalAmount% ofTotalNoninterest-bearing demand$5,782,487 17 %$6,135,946 17 %$5,775,657 17 %$5,857,421 17 %$5,815,045 18 %Savings5,291,674 15 %5,247,291 15 %5,133,295 15 %5,072,508 15 %5,157,103 16 %Interest-bearing demand7,490,772 22 %7,870,965 22 %7,994,475 23 %7,302,239 22 %7,193,485 22 %Money market5,915,867 17 %6,141,275 17 %6,009,793 17 %5,831,637