Company: ASB
Filing Date: 2025-02-12
Form Type: 10-K
Source: 0000007789-25-000013
Chunk: 226

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-02-12
Form: 10-K
Item: Item 7
Chunk 226
---
 a decrease in FHLB advances of $1.9 billion, or 52%, as a result of using brokered CDs to pay down higher interest sources of funding, partially offset by an increase of $395 million in other short-term funding related to the utilization of the BTFP. Average noninterest-bearing demand deposits decreased $875 million, or 13%, compared to 2023. 

51

Table 2 Rate/Volume Analysis(a)  2024 Compared to 2023Increase (Decrease) Due to2023 Compared to 2022Increase (Decrease) Due to ($ in thousands)VolumeRateNetVolumeRateNetInterest income Loans(b)Commercial and business lending$16,486 $30,460 $46,946 $41,522 $314,340 $355,862 Commercial real estate lending(3,174)21,374 18,200 33,560 204,983 238,544 Total commercial13,312 51,834 65,146 75,082 519,323 594,405 Residential mortgage(27,413)12,771 (14,641)20,578 26,892 47,470 Auto finance42,899 12,539 55,438 47,003 11,702 58,705 Other retail(2,251)5,448 3,197 161 27,761 27,923 Total loans26,548 82,592 109,140 142,825 585,679 728,504 Investment securitiesTaxable13,226 40,191 53,418 17,557 53,005 70,562 Tax-exempt(b)(6,029)(2,186)(8,215)(4,539)1,442 (3,098)Other short-term investments5,616 3,267 8,883 (134)17,067 16,933 Investments and other12,813 41,272 54,086 12,883 71,513 84,397 Total earning assets$39,361 $123,865 $163,226 $155,708 $657,192 $812,900 Interest expenseSavings $4,319 $17,186 $21,505 $134 $58,777 $58,