Company: ASB
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000007789-25-000049
Chunk: 86

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 1
Chunk 86
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 there were $24 million of nonaccrual loans for which there was no related ACLL at December 31, 2024.Loan ModificationsThe following tables show the composition of loan modifications made to borrowers experiencing financial difficulty by the loan portfolio and type of concessions granted. Each of the types of concessions granted comprised less than 1% of their respective classes of loan portfolios at March 31, 2025.Interest Rate ConcessionAmortized CostThree Months Ended Mar 31,($ in thousands)20252024Commercial and industrial$176 $159 Auto finance— 46 Other consumer887 534 Total loans modified$1,063 $739 

25

Combination - Interest Rate Concession and Term ExtensionAmortized CostThree Months Ended Mar 31,($ in thousands)20252024Residential mortgage$1,644 $643 Home equity61 31 Total loans modified$1,704 $674 The following tables summarize, by loan portfolio, the financial effect of the Corporation's loan modifications on the modified loans.Interest Rate ConcessionFinancial Effect, Weighted Average Contractual Interest Rate (Decrease) Increase(a) Three Months Ended Mar 31,Loan Type20252024Commercial and industrial(25)%(16)%Residential mortgage1 %3 %Auto finance— %(9)%Home equity(4)%(3)%Other consumer(21)%(21)%Weighted average of total loans modified(8)%(9)%(a) Some interest rate concessions may involve an increase in rate that was lower in comparison to prevailing market rates.Term ExtensionFinancial Effect, Weighted Average Term Increase(a)Three Months Ended Mar 31,Loan Type20252024Residential mortgage145 months158 monthsHome equity60 months64 monthsWeighted average of total loans modified141 months153 months(a) During the three months ended March 31, 2025 and March 31, 2024, term extensions changed the weighted average term on modified loans from 258 to 399 months and 254 to 407 months, respectively.The Corporation closely monitors the performance of loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. The following table depicts the performance of loans that have been modified in the twelve months ended March 31, 2025:Payment Status (Amortized Cost Basis)($ in thousands)Current30-89 Days Past Due90+ Days Past DueCommercial and industrial$459 $— $—