Company: ASB
Filing Date: 2025-02-12
Form Type: 10-K
Source: 0000007789-25-000013
Chunk: 246

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-02-12
Form: 10-K
Item: Item 7
Chunk 246
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— — 179 Balance at end of period$38,776 $34,776 $38,776 $39,776 $47,776 Allowance for credit losses on loans$402,322 $385,870 $351,496 $319,791 $431,478 Provision for credit losses on loans85,000 83,000 33,000 (88,000)174,000 

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Table 11 Allowance for Credit Losses on Loans (continued) Years Ended December 31,($ in thousands)20242023202220212020Net loan (charge offs) recoveriesCommercial and industrial$(45,369)$(42,672)$791 $(13,000)$(73,316)Commercial real estate — owner occupied4 (15)13 120 (272)Commercial and business lending(45,365)(42,687)804 (12,880)(73,588)Commercial real estate — investor(11,187)2,763 — (11,184)(22,277)Real estate construction65 55 58 121 31 Commercial real estate lending(11,122)2,819 58 (11,063)(22,246)Total commercial(56,487)(39,868)862 (23,943)(95,834)Residential mortgage(750)(411)341 (38)(1,367)Auto finance(6,637)(4,709)(943)9 19 Home equity1,150 837 798 2,186 259 Other consumer(5,826)(4,475)(2,353)(1,901)(3,707)Total consumer(12,062)(8,758)(2,157)256 (4,797)Total net (charge offs)$(68,549)$(48,626)$(1,294)$(23,687)$(100,631)RatiosAllowance for credit losses on loans to total loans1.35 %1.32 %1.22 %1.32 %1.76 %Allowance for credit losses on loans to net charge offs5.9x7.9xN/M13.5x4.3xLoan evaluation method for ACLLIndividually evaluated for impairment$5,689 $15,492 $10,324