Company: ASB
Filing Date: 2025-02-12
Form Type: 10-K
Source: 0000007789-25-000013
Chunk: 249

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-02-12
Form: 10-K
Item: Item 7
Chunk 249
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 levels, or to take advantage of relative value opportunities in the marketplace. Investment securities classified as AFS and equity are carried at fair value on the consolidated balance sheets, while investment securities classified as HTM are carried at amortized cost on the consolidated balance sheets.

Table 13 Investment Securities Portfolio At December 31,($ in thousands)2024% of Total2023% of Total2022% of TotalAFS investment securitiesAmortized costU.S. Treasury securities$— — %$39,984 1 %$124,441 4 %Agency securities— — %— — %15,000 1 %Obligations of state and political subdivisions (municipal securities)3,063 — %94,008 3 %235,693 8 %Residential mortgage-related securities:FNMA/FHLMC120,272 3 %1,274,052 34 %1,820,642 61 %GNMA4,236,199 92 %2,021,242 54 %502,537 17 %Commercial mortgage-related securities:FNMA/FHLMC18,332 — %18,691 — %19,038 1 %GNMA116,275 3 %161,928 4 %115,031 4 %Asset backed securities:FFELP108,319 2 %135,832 4 %157,138 5 %SBA495 — %1,077 — %4,512 — %Other debt securities3,000 — %3,000 — %3,000 — %Total amortized cost$4,605,954 100 %$3,749,814 100 %$2,997,032 100 %Fair valueU.S. Treasury securities$— — %$35,902 1 %$109,378 4 %Agency securities— — %— — %13,532 — %Obligations of state and political subdivisions (municipal securities)3,005 — %91,817 3 %230,714 8 %Residential mortgage-related securities:FNMA/FHLMC110,928 2 %1,120,794