Company: ASB
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000007789-25-000049
Chunk: 113

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 1
Chunk 113
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)170,928 170,928 — 170,928 — Foreign currency exchange forwards not designated as hedging instruments(c)4,106 4,106 — 4,106 — Total selected liabilities at fair value$37,991,364 $37,976,599 $— $11,304,992 $26,671,607 (a) When the estimated fair value is less than the carrying value, the carrying value is reported as the fair value.(b) The commitment on standby letters of credit was $254 million at December 31, 2024. See Note 11 for additional information on the standby letters of credit and for information on the fair value of lending-related commitments.(c) Figures are presented gross before netting. See Note 9 and Note 10 for information relating to the impact of offsetting derivative assets and liabilities and cash collateral with the same counterparty where there is a legally enforceable master netting agreement in place.The table below presents a rollforward of the consolidated balance sheets amounts for the Corporation's mortgage derivatives measured on a recurring basis and classified within Level 3 of the fair value hierarchy:($ in thousands)Interest rate lock commitments to originate residential mortgage loans held for saleForward commitments to sell residential mortgage loansTotalBalance December 31, 2023$439 $673 $(234)New production11,771 (4,000)15,771 Closed loans / settlements(8,816)3,512 (12,328)Other(3,068)(438)(2,630)Change in mortgage derivative(113)(927)814 Balance December 31, 2024$327 $(254)$580 New production$2,410 $(812)$3,221 Closed loans / settlements(1,989)653 (2,642)Other240 995 (755)Change in mortgage derivative661 837 (176)Balance March 31, 2025$988 $583 $404 The following table presents a rollforward of the fair value of Level 3 equity securities that are measured under the measurement alternative, and the related adjustments recorded during the periods presented for those securities with observable price changes: ($ in thousands)Fair value as of December 31, 2023$24,769 Gains recognized in investment securities gains, net4,054 Purchases22 Sales(28,772)Fair value as of December