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

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-02-12
Form: 10-K
Item: Item 8
Chunk 25
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 entity's expenses to help investors (a) better understand the entity's performance, (b) better assess the entity's prospects for future cash flows, and (c) compare an entity's performance over time and with that of other entities. The  amendments  in  this  update  are  effective  for  annual  reporting  periods beginning  after  December  15,  2026,  and  interim  reporting  periods  beginning after December 15, 2027. Early adoption is permitted.Fiscal year 2027 and interim periods beginning in 1st quarter 2028The Corporation is currently evaluating the impact on its disclosures.

94

Note 2 Investment Securities 

Investment securities are classified as AFS, HTM, or equity on the consolidated balance sheets. The amortized cost and fair values of AFS and HTM securities at December 31, 2024 were as follows:($ in thousands)AmortizedCostGrossUnrealizedGainsGrossUnrealized(Losses)Fair ValueAFS investment securitiesObligations of state and political subdivisions (municipal securities)$3,063 $— $(58)$3,005 Residential mortgage-related securities:FNMA/FHLMC120,272 190 (9,534)110,928 GNMA4,236,199 5,379 (13,851)4,227,727 Commercial mortgage-related securities:FNMA/FHLMC18,332 — (1,332)17,000 GNMA116,275 — (4,800)111,475 Asset backed securities:FFELP108,319 123 (604)107,839 SBA495 — (24)471 Other debt securities3,000 — (11)2,989 Total AFS investment securities$4,605,954 $5,693 $(30,213)$4,581,434 HTM investment securitiesU.S. Treasury securities$1,000 $— $(1)$999 Obligations of state and political subdivisions (municipal securities)1,659,722 1,122 (174,202)1,486,642 Residential mortgage-related securities:FNMA/FHLMC885,476 22,934 (186,464)721,946 GNMA43,693 9 (