Company: ASB
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000007789-25-000116
Chunk: 117

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 1
Chunk 117
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 thousands)Derivative Liabilities OffsetCash Collateral ReceivedSecurity Collateral ReceivedNet AmountDerivative assetsJune 30, 2025$53,989 $(16,720)$(13,871)$23,398 $(23,398)$— December 31, 202479,807 (12,667)(35,190)31,950 (31,950)— Gross Amounts RecognizedGross Amounts Subject to Master Netting Arrangements Offset on the Consolidated Balance SheetsNet Amounts Presented on the Consolidated Balance SheetsGross Amounts Not Offset on the Consolidated Balance Sheets(in thousands)Derivative  Assets OffsetCash Collateral PledgedSecurity Collateral PledgedNet AmountDerivative liabilitiesJune 30, 2025$26,096 $(16,720)$(5,671)$3,705 $— $3,705 December 31, 202414,369 (12,667)(250)1,452 — 1,452 

Note 11 Commitments, Off-Balance Sheet Arrangements, Legal Proceedings, and Regulatory Matters 

The Corporation utilizes a variety of financial instruments in the normal course of business to meet the financial needs of its customers and to manage its own exposure to fluctuations in interest rates. These financial instruments include lending-related and other commitments (see below) as well as derivative instruments (see Note 9). The following is a summary of lending-related commitments:(in thousands)Jun 30, 2025Dec 31, 2024Commitments to extend credit(a), excluding commitments to originate residential mortgage loans held for sale(b)$11,072,466 $11,173,438 Commercial letters of credit(a)636 875 Standby letters of credit(c)237,979 253,709 (a) These off-balance sheet financial instruments are exercisable at the market rate prevailing at the date the underlying transaction will be completed and, thus, are deemed to have no current fair value, or the fair value is based on fees currently charged to enter into similar agreements and was not material at June 30, 2025 or December 31, 2024.(b) Interest rate lock commitments to originate residential mortgage loans held for sale are considered derivative instruments and are disclosed in Note 9.(c) Standby letters of credit are presented excluding participations. The Corporation has established a liability of $2.4 million at June 30,