Company: ASB
Filing Date: 2025-02-12
Form Type: 10-K
Source: 0000007789-25-000013
Chunk: 34

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-02-12
Form: 10-K
Item: Item 8
Chunk 34
---
11 million and $7 million, respectively.Equity securities without readily determinable fair values: The Corporation's portfolio of equity securities without readily determinable fair values primarily consists of an investment in a private loan fund. The Corporation had equity securities without readily determinable fair values carried at $13 million and $35 million at December 31, 2024 and 2023, respectively. During the first quarter of 2024, the Corporation sold all of its remaining Visa Class B restricted shares.

Note 3 Loans 

The period end loan composition was as follows:($ in thousands)Dec 31, 2024Dec 31, 2023Commercial and industrial$10,573,741 $9,731,555 Commercial real estate - owner occupied1,143,741 1,061,700 Commercial and business lending11,717,483 10,793,255 Commercial real estate - investor5,227,975 5,124,245 Real estate construction1,982,632 2,271,398 Commercial real estate lending7,210,607 7,395,644 Total commercial18,928,090 18,188,898 Residential mortgage7,047,541 7,864,891 Auto finance2,810,220 2,256,162 Home equity664,252 628,526 Other consumer318,483 277,740 Total consumer10,840,496 11,027,319 Total loans$29,768,586 $29,216,218 Accrued interest receivable on loans totaled $126 million at December 31, 2024, and $132 million at December 31, 2023, and is included in interest receivable on the consolidated balance sheets. Interest accrued but not received is reversed against interest income when a loan is placed on nonaccrual. The amount of accrued interest reversed totaled $2 million for the years ended December 31, 2024 and December 31, 2023, and approximately $491,000 for the year ended December 31, 2022.The Corporation has granted loans to its directors, executive officers, or their related interests. These loans were made on substantially the same terms, including rates and collateral, as those prevailing at the time for comparable transactions with other unrelated customers, and do not involve more than a normal risk of collection. These loans to related parties are summarized below:($