Company: ASB
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000007789-25-000179
Chunk: 226

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 8
Chunk 226
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ation senior notes, at par$300,000 $300,000 Corporation subordinated notes, at par300,000 550,000 Discount and capitalized costs(7,779)(8,664)Subordinated debt fair value hedge(a)1,626 (3,996)Finance leases228 295 Total long-term funding$594,074 $837,635    Total short and long-term funding, excluding FHLB advances$993,739 $1,308,004 FHLB advancesShort-term FHLB advances$2,810,000 $1,250,000 Long-term FHLB advances412,251 611,551 FHLB advances fair value hedge(a)(1,573)(7,744)Total FHLB advances$3,220,679 $1,853,807 Total short and long-term funding$4,214,418 $3,161,811 (a) For additional information on the fair value hedges, see Note 9.Securities Sold Under Agreements to RepurchaseThe Corporation enters into agreements under which it sells securities subject to an obligation to repurchase the same or similar securities. Under these arrangements, the Corporation may transfer legal control over the assets but still retain effective control through an agreement that both entitles and obligates the Corporation to repurchase the assets. The obligation to repurchase the securities is reflected as a liability on the Corporation’s consolidated balance sheets, while the securities underlying the repurchase agreements remain in the respective investment securities asset accounts (i.e., there is no offsetting or netting of the investment securities assets with the repurchase agreement liabilities). The Corporation utilizes repurchase agreements to facilitate the needs of its customers. The fair value of securities pledged to secure repurchase agreements may decline. At September 30, 2025, the Corporation had pledged securities valued at 261% of the gross outstanding balance of repurchase agreements to manage this risk.The remaining contractual maturity of the securities sold under agreements to repurchase on the consolidated balance sheets is presented in the following table:Overnight and Continuous(in thousands)Sep 30, 2025Dec 31, 2024Repurchase agreementsAgency mortgage-related securities$64,570 $100,044 Long-Term FundingSenior NotesIn August 2024, the Corporation issued $300.0 million in aggregate principal amount of 6.455% Fixed Rate / Floating Rate Senior Notes due August 29,