Company: ASB
Filing Date: 2025-02-12
Form Type: 10-K
Source: 0000007789-25-000013
Chunk: 113

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-02-12
Form: 10-K
Item: Item 8
Chunk 113
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 maker utilizes net interest income, net income and average total loans and deposits in allocating resources for each segment predominantly in the annual budget and forecasting process.  The chief operating decision maker considers budget-to-actual variances on a monthly basis for both profit measures when making decisions about allocating capital and personnel to the segments. Based on the reviews of these two segments and other company-wide initiatives, the chief operating decision maker is informed about allocation of resources to the Risk Management and Shared Services segment.

146

Note 21 Accumulated Other Comprehensive Income (Loss)

The following table summarizes the components of accumulated other comprehensive income (loss), including changes during the years presented as well as any reclassifications out of accumulated other comprehensive income (loss):($ in thousands)AFS Investment SecuritiesCash Flow Hedge DerivativesDefined BenefitPension andPostretirementObligationsAccumulatedOtherComprehensiveIncome (Loss)Balance, December 31, 2021$(5,266)$— $(5,051)$(10,317)Other comprehensive (loss) before reclassifications(250,273)— (51,745)(302,018)Unrealized (losses) on AFS securities transferred to HTM securities(67,604)— — (67,604)Amounts reclassified from accumulated other comprehensive income (loss):Investment securities losses, net1,922 — — 1,922 HTM investment securities, net, at amortized cost(a)9,870 — — 9,870 Other assets / accrued expenses and other liabilities— 3,626 — 3,626 Interest income— (212)— (212)Personnel expense— — (325)(325)Other expense— — 658 658 Income tax benefit (expense)78,159 (54)13,495 91,601 Net other comprehensive (loss) income during period(227,926)3,360 (37,917)(262,483)Balance, December 31, 2022$(233,192)$3,360 $(42,968)$(272,799)Other comprehensive income before reclassifications$41,145 $— $24,091 $65,236 Amounts reclassified from accumulated other comprehensive income (loss):Investment securities losses, net64,940 — — 64,940 HTM investment securities, net, at amortized cost