Company: ASB
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000007789-25-000049
Chunk: 144

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 1
Chunk 144
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 reflected in the loss factors, and other relevant considerations. The total allowance is available to absorb losses from any segment of the loan portfolio. 

Table 11 Allowance for Credit Losses on Loans Quarter Ended($ in thousands)Mar 31,2025Dec 31,2024Sep 30,2024Jun 30,2024Mar 31,2024Allowance for loan lossesBalance at beginning of period$363,545 $361,765 $355,844 $356,006 $351,094 Provision for loan losses16,500 14,000 19,000 21,000 27,000 Charge offs(13,714)(13,770)(15,337)(23,290)(24,018)Recoveries5,017 1,551 2,258 2,127 1,930 Net charge offs(8,698)(12,220)(13,078)(21,163)(22,088)Balance at end of period$371,348 $363,545 $361,765 $355,844 $356,006 Allowance for unfunded commitmentsBalance at beginning of period$38,776 $35,776 $33,776 $31,776 $34,776 Provision for unfunded commitments(3,500)3,000 2,000 2,000 (3,000)Balance at end of period$35,276 $38,776 $35,776 $33,776 $31,776 Allowance for credit losses on loans$406,624 $402,322 $397,541 $389,620 $387,782 Provision for credit losses on loans13,000 17,000 21,000 23,000 24,000 Net loan (charge offs) recoveriesCommercial and industrial$(4,726)$(2,406)$(10,649)$(13,676)$(18,638)Commercial real estate — owner occupied— — — 1 2 Commercial and business lending(4,726)(2,406)(10,649)(13,674)(18,636)Commercial real estate — investor(892)(6,617)(1)(4,569)— Real estate construction30 4 2 28 30 Commercial real estate lending(863)(6,612)2