Company: ASB
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000007789-25-000116
Chunk: 130

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 1
Chunk 130
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 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:Jun 30, 2025Valuation TechniqueSignificant Unobservable InputRange of InputsWeighted Average Input AppliedMortgage servicing rightsDiscounted cash flowOption adjusted spread5%-8%5%Mortgage servicing rightsDiscounted cash flowConstant prepayment rate1%-100%7%Individually evaluated loansAppraisalsCollateral46%-80%76%Individually evaluated loansDiscounted cash flowDiscount factor45%45%45%Interest rate lock commitments to originate residential mortgage loans held for saleDiscounted cash flowClosing ratio52%-100%90%

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 RAP after consummation of the business combinations. Any retirement plans of acquired entities are typically merged into the RAP after completion of the mergers, and credit is usually given to employees for years of service at the acquired institution for vesting and eligibility purposes. The Corporation also provides legacy healthcare access to a limited group of retired employees from a previous acquisition in the Postretirement Plan. There are no other active retiree healthcare plans. The components of net periodic pension cost and net periodic benefit cost for the RAP and Postretirement Plan were as follows:Three Months Ended Jun 30,Six Months Ended Jun 30,(in thousands)2025202420252024RAPService cost$810 $881 $1,619 $1,755 Interest cost2,814 2,719 5,628 5,438 Expected return on plan assets(9,809)(8,650)(19,619)(17,301)Amortization of prior service cost(44)(54)(89)(107)Total net periodic pension cost$(6,230)$(5,104)$(12,460)$(10,215)Postretirement PlanInterest cost$26 $18 $53 $37 Amortization of prior service cost(19)(19)(38)(38)Amortization of act