Company: ASB
Filing Date: 2025-02-12
Form Type: 10-K
Source: 0000007789-25-000013
Chunk: 97

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-02-12
Form: 10-K
Item: Item 8
Chunk 97
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 Brokered CDs(a)4,276,309 4,276,309 — 4,276,309 — Other time deposits(a)3,700,518 3,700,518 — 3,700,518 — Total deposits34,648,434 34,648,434 — 7,976,827 26,671,607 Federal funds purchased and securities sold under agreements to repurchase470,369 470,370 — 470,370 — FHLB advances1,853,807 1,852,685 — 1,852,685 — Other long-term funding837,635 823,991 — 823,991 — Standby letters of credit(b)2,546 2,546 — 2,546 — Interest rate-related instruments designated as hedging instruments(c)2,976 2,976 — 2,976 — Foreign currency exchange forwards designated as hedging instruments(c)563 563 — 563 — Interest rate-related and other instruments not designated as hedging instruments(c)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 15 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 13 and Note 14 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.

137

December 31, 2023($ in thousands)Carrying AmountFair ValueLevel 1Level 2Level 3AssetsCash and due from banks$484,384 $484,384 $484,384 $— $— Interest-bearing deposits in other financial institutions425,089