Company: ASB
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000007789-25-000049
Chunk: 217

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 8
Chunk 217
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 the carrying value, the carrying value is reported as the fair value.(b) The commitment on standby letters of credit was $260 million at March 31, 2025. 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.

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Dec 31, 2024($ in thousands)Carrying AmountFair ValueLevel 1Level 2Level 3AssetsCash and due from banks$544,059 $544,059 $544,059 $— $— Interest-bearing deposits in other financial institutions453,590 453,590 453,590 — — Federal funds sold and securities purchased under agreements to resell21,955 21,955 21,955 — — AFS investment securities:Obligations of state and political subdivisions (municipal securities)3,005 3,005 — 3,005 — Residential mortgage-related securities:FNMA / FHLMC110,928 110,928 — 110,928 — GNMA4,227,727 4,227,727 — 4,227,727 — Commercial mortgage-related securities:FNMA / FHLMC17,000 17,000 — 17,000 — GNMA111,475 111,475 — 111,475 — Asset backed securities:FFELP107,839 107,839 — 107,839 — SBA471 471 — 471 — Other debt securities2,989 2,989 — 2,989 — Total AFS investment securities4,581,434 4,581,434 — 4,581,434 — HTM investment securities:U.S. Treasury securities1,000 999 999 — — Obligations of state and political subdivisions (municipal securities), net1,659,662 1,486,582 — 1,486,582 — Residential mortgage-related securities:FNMA / FHLMC885,476 721,946