Company: ASB
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000007789-25-000049
Chunk: 21

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 2
Chunk 21
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 loss and delinquency experience, credit quality, and industry classifications. Loans that have been criticized are considered to have a higher risk of default than non-criticized loans, as circumstances were present to support the lower loan grade, warranting higher loss factors. Additionally, management allocates ACLL to absorb losses that may not be provided for by the other components due to qualitative factors evaluated by management, such as limitations within the credit risk grading process, known current economic or business conditions that may not yet show in trends, industry or other concentrations with current issues that impose higher inherent risks than are reflected in the loss factors, and other relevant considerations. The total allowance is available to absorb losses from any segment of the loan portfolio. 

Table 11 Allowance for Credit Losses on Loans Quarter Ended($ in thousands)Mar 31,2025Dec 31,2024Sep 30,2024Jun 30,2024Mar 31,2024Allowance for loan lossesBalance at beginning of period$363,545 $361,765 $355,844 $356,006 $351,094 Provision for loan losses16,500 14,000 19,000 21,000 27,000 Charge offs(13,714)(13,770)(15,337)(23,290)(24,018)Recoveries5,017 1,551 2,258 2,127 1,930 Net charge offs(8,698)(12,220)(13,078)(21,163)(22,088)Balance at end of period$371,348 $363,545 $361,765 $355,844 $356,006 Allowance for unfunded commitmentsBalance at beginning of period$38,776 $35,776 $33,776 $31,776 $34,776 Provision for unfunded commitments(3,500)3,000 2,000 2,000 (3,000)Balance at end of period$35,276 $38,776 $35,776 $33,776 $31,776 Allowance for credit losses on loans$406,624 $402,322 $397,541 $389,620 $387,782 Provision for credit losses on loans13,000 17,000 21,000 23,000 24,000 Net loan (charge offs)