Company: ASB
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000007789-25-000049
Chunk: 114

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 1
Chunk 114
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31, 2024$72 Purchases10 Sales(11)Fair value as of March 31, 2025$71 

42

The table below presents the Corporation’s assets measured at fair value on a nonrecurring basis, aggregated by the level in the fair value hierarchy within which those measurements fall:($ in thousands)Fair Value HierarchyFair ValueConsolidated Statements of Income Category of Adjustment Recognized in IncomeAdjustment Recognized on the Consolidated Statements of Income(a)Mar 31, 2025AssetsIndividually evaluated loansLevel 3$20,151 Provision for credit losses$5,096 OREO(b)Level 22,059 Other noninterest expense / provision for credit losses(c)4,407 Dec 31, 2024AssetsIndividually evaluated loansLevel 3$31,483 Provision for credit losses$17,454 OREO(b)Level 2276 Other noninterest expense / provision for credit losses(c)1,067 (a) Includes the YTD impact on the consolidated statements of income.(b) If the fair value of the collateral exceeds the carrying amount of the asset, no charge off or adjustment is necessary, the asset is not considered to be carried at fair value and is therefore not included in the table. (c) When a property's value is written down at the time it is transferred to OREO, the charge off is booked to the provision for credit losses. When a property is already in OREO and subsequently written down, the charge off is booked to other noninterest expense. The table below presents the unobservable inputs that are readily quantifiable pertaining to Level 3 measurements:Mar 31, 2025Valuation TechniqueSignificant Unobservable InputRange of InputsWeighted Average Input AppliedMortgage servicing rightsDiscounted cash flowOption adjusted spread5%-8%5%Mortgage servicing rightsDiscounted cash flowConstant prepayment rate—%-100%5%Individually evaluated loansAppraisals / discounted cash flowCollateral / discount factor—%-38%32%Interest rate lock commitments to originate residential mortgage loans held for saleDiscounted cash flowClosing ratio61%-100%91%

Note 13 Retirement Plans 

The Corporation has a noncontributory defined benefit RAP, covering substantially all employees who meet participation requirements. The benefits are based primarily on years of service and the employee’s compensation paid. Employees of acquired entities generally participate in the R