Company: ASB
Filing Date: 2025-02-12
Form Type: 10-K
Source: 0000007789-25-000013
Chunk: 50

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-02-12
Form: 10-K
Item: Item 8
Chunk 50
---
cessionAmortized CostTwelve Months Ended December 31,($ in thousands)20242023Commercial and industrial$475 $306 Residential mortgage295 — Auto finance10 255 Home equity— 77 Other consumer2,239 1,449 Total loans modified$3,019 $2,087 Term ExtensionAmortized CostTwelve Months Ended December 31,($ in thousands)20242023Residential mortgage$— $208 Home equity— 25 Total loans modified$— $233 Combination - Interest Rate Concession and Term ExtensionAmortized CostTwelve Months Ended December 31,($ in thousands)20242023Residential mortgage$2,849 $865 Home equity244 339 Total loans modified$3,093 $1,204 The following tables summarize, by loan portfolio, the financial effect of the Corporation's loan modifications on the modified loans:Interest Rate ConcessionFinancial Effect, Weighted Average Contractual Interest Rate (Decrease) Increase(a)Twelve Months Ended December 31,Loan Type20242023Commercial and industrial(18)%(19)%Residential mortgage2 %1 %Auto finance(7)%(9)%Home equity(3)%— %Other consumer(21)%(21)%Weighted average of total loans modified(8)%(11)%(a) Due to market conditions, some interest rate concessions on floating rate loans may involve an increase in rate that was lower in comparison to the rate of increase for floating rate loans not modified. Term ExtensionFinancial Effect, Weighted Average Term Increase(a)Twelve Months Ended December 31,Loan Type20242023Residential mortgage108 months65 monthsHome equity63 months85 monthsWeighted average of total loans modified105 months71 months(a) During the twelve months ended December 31, 2024 and December 31, 2023, term extensions changed the weighted average term on modified loans from 282 to 386 months and 175 to 245 months, respectively.

107

The Corporation closely monitors the performance of loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. The following table depicts the performance of loans that have been modified in the twelve months ended December 31, 2024:Payment Status (Amortized Cost Basis)($ in thousands)Current30-89 Days Past Due90+ Days Past DueCommercial and industrial$475 $— $