Company: ASB
Filing Date: 2025-02-12
Form Type: 10-K
Source: 0000007789-25-000013
Chunk: 1

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-02-12
Form: 10-K
Item: Item 8
Chunk 1
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ITEM 8.Financial Statements and Supplementary Data

ASSOCIATED BANC-CORP

Consolidated Balance Sheets December 31, (In thousands, except share and per share data)20242023AssetsCash and due from banks$544,059 $484,384 Interest-bearing deposits in other financial institutions453,590 425,089 Federal funds sold and securities purchased under agreements to resell21,955 14,350 AFS investment securities, at fair value4,581,434 3,600,892 HTM investment securities, net, at amortized cost3,738,687 3,860,160 Equity securities23,242 41,651 FHLB and Federal Reserve Bank stocks, at cost179,665 229,171 Residential loans held for sale646,687 33,011 Commercial loans held for sale32,634 90,303 Loans29,768,586 29,216,218 Allowance for loan losses(363,545)(351,094)Loans, net29,405,041 28,865,124 Tax credit and other investments258,886 258,067 Premises and equipment, net379,093 372,978 Bank and corporate owned life insurance689,000 682,649 Goodwill1,104,992 1,104,992 Other intangible assets, net31,660 40,471 Mortgage servicing rights, net87,683 84,390 Interest receivable167,772 169,569 Other assets676,987 658,604 Total assets$43,023,068 $41,015,855 Liabilities and stockholders' equityNoninterest-bearing demand deposits$5,775,657 $6,119,956 Interest-bearing deposits28,872,777 27,326,093 Total deposits34,648,434 33,446,049 Short-term funding470,369 326,780 FHLB advances1,853,807 1,940,194 Other long-term funding837,635 541,269 Allowance for unfunded commitments38,776 34,776 Accrued expenses and other liabilities568,485 552,814 Total liabilities$38,417,506 $36,841,882 Stockholders’ equityPreferred equity$194,112 $194,