Company: ASB
Filing Date: 2025-02-12
Form Type: 10-K
Source: 0000007789-25-000013
Chunk: 81

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-02-12
Form: 10-K
Item: Item 8
Chunk 81
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 (125)(529)(16,163)Derivatives designated as hedging instruments(a)       (16,478)19,850 (13,930)12,451 — 266 16,497 (a) Includes net settlements on the derivatives.Location and Amount Recognized on the Consolidated Statements of Income in Fair Value Hedging RelationshipsFor the Years Ended December 31,202420232022($ in thousands)Capital Markets, NetCapital Markets, NetCapital Markets, NetTotal amounts of income/expense presented on the consolidated statements of income in which the effects of fair value hedges are recorded$(3)$— $(9)The effects of fair value hedging: Impact on fair value hedging relationships in Subtopic 815-20Foreign currency contracts:Hedged items(31,226)9,322 (26,686)Derivatives designated as hedging instruments31,223 (9,322)26,677 The following table presents the effect of cash flow hedge accounting on accumulated other comprehensive income (loss):For the Years Ended December 31,($ in thousands)202420232022Interest rate-related instruments designated as cash flow hedging instrumentsAmount of (loss) income recognized in OCI on cash flow hedge derivative(a)$(21,537)$(13,254)$3,626 Amount of loss (gain) reclassified from accumulated other comprehensive income (loss) into interest income(a)16,478 13,930 (266)(a) The entirety of gains (losses) recognized in OCI as well as those reclassified from accumulated other comprehensive income (loss) into interest income were included components in the assessment of hedge effectiveness.Amounts reported in accumulated other comprehensive income (loss) related to cash flow hedge derivatives are reclassified to interest income as interest payments are made on the hedged variable interest rate assets. The Corporation estimates that $1 million will be reclassified as a decrease to interest income over the next 12 months. This amount could differ from amounts actually recognized due to changes in interest rates, hedge de-designations, or the addition of other hedges subsequent to December 31, 2024. The maximum length of time over which the Corporation is hedging its exposure to the variability in future cash flows is 36 months as of December 31, 2024.

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The table below identifies the effect of derivatives not designated as hedging instruments on the Corporation's consolidated statements of income:Consolidated Statements of Income Category of