Company: ASB
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000007789-25-000116
Chunk: 112

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 1
Chunk 112
---
 Cash is often pledged as collateral for derivatives that are not centrally cleared. The Corporation's required cash collateral was $23.1 million at June 30, 2025 and $0.3 million at December 31, 2024. For fair value information and disclosures and for the Corporation's accounting policy for derivative and hedging activities, see the Fair Value Measurements and Summary of Significant Accounting Policies notes in the Corporation's 2024 Annual Report on Form 10-K.

33

The following table presents the total notional amounts and gross fair values of the Corporation's derivatives, as well as the balance sheet netting adjustments: Jun 30, 2025Dec 31, 2024AssetLiabilityAssetLiability(in thousands)Notional AmountFair ValueNotional AmountFair ValueNotional AmountFair ValueNotional AmountFair ValueDesignated as hedging instruments:Interest rate-related instruments(a)$2,350,000 $10,652 $425,000 $170 $1,950,000 $2,960 $1,150,000 $2,976 Foreign currency exchange forwards37,962 423 333,589 3,108 127,518 2,457 216,665 563 Total designated as hedging instruments11,076 3,278 5,418 3,539 Not designated as hedging instruments:Interest rate-related and other instruments4,746,901 77,258 6,268,703 123,694 3,858,867 88,541 6,992,894 170,928 Foreign currency exchange forwards71,948 3,078 76,003 2,912 68,028 4,315 74,199 4,106 Mortgage banking(b)83,223 1,921 174,013 1,362 28,580 580 85,000 — Total not designated as hedging instruments82,257 127,969 93,436 175,034 Gross derivatives before netting93,333 131,247 98,854 178,573 Less: Legally enforceable master netting agreements16,720 16,720 12,667 12,667 Less: Cash collateral pledged/received13,871 5,671 35,190 250 Total derivative instruments, after netting$62,742 $108