Company: ASB
Filing Date: 2025-02-12
Form Type: 10-K
Source: 0000007789-25-000013
Chunk: 247

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-02-12
Form: 10-K
Item: Item 7
Chunk 247
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$15,194 $79,831 Collectively evaluated for impairment396,632 370,378 341,172 304,597 351,646 Total ACLL$402,322 $385,870 $351,496 $319,791 $431,478 Loan balanceIndividually evaluated for impairment$37,172 $62,712 $76,577 $115,643 $259,497 Collectively evaluated for impairment29,731,414 29,153,505 28,722,992 24,109,306 24,192,227 Total loan balance$29,768,586 $29,216,218 $28,799,569 $24,224,949 $24,451,724 

Table 12 Net (Charge Offs) Recoveries(a)Years Ended December 31,(In basis points)20242023202220212020Net loan (charge offs) recoveriesCommercial and industrial(46)(44)1 (16)(86)Commercial real estate — owner occupied— — — 1 (3)Commercial and business lending(41)(39)1 (14)(78)Commercial real estate — investor(22)5 — (26)(54)Real estate construction— — — 1 — Commercial real estate lending(15)4 — (18)(38)Total commercial(31)(22)1 (16)(63)Residential mortgage(1)— — — (2)Auto finance(26)(26)(12)4 14 Home equity19 14 13 34 3 Other consumer(219)(161)(79)(65)(117)Total consumer(11)(8)(2)— (5)Total net (charge offs) (23)(16)— (10)(41)(a) Ratio of net charge offs to average loans by loan type.

64

Notable Contributions to the Change in the Allowance for Credit Losses on Loans

•Total loans increased $552 million, or 2%, from December 31, 2023, driven by increases in commercial and industrial lending, auto finance, and CRE-investor lending, partially offset by a decrease in residential mortgage lending, mainly due to the Corporation's balance sheet repositioning in December 2024, and real estate construction lending. See also Note 3