Company: ASB
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000007789-25-000179
Chunk: 225

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 8
Chunk 225
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4Mortgage servicing rightsMortgage servicing rights at beginning of period$87,683 $84,390 Additions6,162 6,707 Decay(6,318)(8,060)Valuation:Changes in fair value of asset(2,464)4,646 Mortgage servicing rights at end of period$85,063 $87,683 Portfolio of residential mortgage loans serviced for others (“servicing portfolio”)$6,212,005 $6,285,018 Mortgage servicing rights to servicing portfolio1.37 %1.40 %The projections of amortization expense for CDIs and decay for MSRs are based on existing asset balances, the current interest rate environment, and prepayment speeds as of September 30, 2025. The actual expense the Corporation recognizes in any given period may be significantly different depending upon acquisition or sale activities, changes in interest rates, prepayment speeds, market conditions, regulatory requirements, and events or circumstances that indicate the carrying amount of an asset may not be recoverable. The following table shows the estimated future yearly amortization expense for CDIs and decay for MSRs:(in thousands)Core Deposit IntangiblesMortgage Servicing RightsThree Months Ended December 31, 2025$2,203 $2,587 20268,811 12,435 20278,811 11,912 20283,485 10,872 20291,681 9,732 203061 8,533 Beyond 2030— 28,992 Total estimated amortization expense and MSRs decay(a)$25,052 $85,063  (a) Includes the decrease in value due to passage of time, including the impact from both regularly scheduled principal payments and partial loan paydowns.

32

Note 8 Short and Long-Term Funding 

The following table presents the components of short-term funding (funding with original contractual maturities of one year or less), and long-term funding (funding with original contractual maturities greater than one year):(in thousands)Sep 30, 2025Dec 31, 2024Short-term fundingFederal funds purchased$335,095 $370,325 Securities sold under agreements to repurchase64,570 100,044 Federal funds purchased and securities sold under agreements to repurchase$399,665 $470,369 Long-term fundingCorpor