Company: ASB
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000007789-25-000179
Chunk: 30

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 2
Chunk 30
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 real estate — investor(45)(12)(67)(61)(7)(51)— Real estate construction1 — — 3 1 — — Commercial real estate lending(33)(8)(49)(45)(5)(37)— Total commercial(18)(35)(20)(21)(12)(19)(23)Residential mortgage(1)(1)(1)(2)1 (1)(1)Auto finance(17)(26)(20)(9)(22)(26)(19)Home equity12 20 3 14 18 17 26 Other consumer(229)(223)(173)(244)(268)(208)(216)Total consumer(11)(10)(11)(10)(11)(11)(8)Total net charge offs(15)(25)(17)(17)(12)(16)(18)

Notable Contributions to the Change in the Allowance for Credit Losses on Loans

•Total nonaccrual loans decreased $17.1 million, or 14%, from December 31, 2024, and decreased $22.3 million, or 17%, from September 30, 2024. The changes from both periods were primarily driven by decreases in commercial real estate - investor and commercial and business lending. See Note 6 Loans of the notes to consolidated financial statements and Table 10 for additional disclosures on the changes in asset quality.

•YTD net charge offs decreased $21.6 million from September 30, 2024, primarily driven by a decrease within commercial and industrial lending, partially offset by an increase in commercial real estate - investor lending. See Table 11 and Table 12 for additional information on the activity in the ACLL.

Management believes the level of ACLL to be appropriate at September 30, 2025.

Deposits and Customer Funding

The following table summarizes the composition of our deposits and customer funding:

Table 13 Period End Deposit and Customer Funding CompositionSep 30, 2025Jun 30, 2025Mar 31, 2025(a)Dec 31, 2024(a)Sep 30, 2024(a) (Dollars in thousands)Amount% ofTotalAmount% ofTotalAmount% ofTotalAmount% ofTotalAmount% ofTotalNoninterest-bearing demand$5,906,251 17 %$5,782,487 17 %$6,135,946 17 %$5,775,657