Company: ASB
Filing Date: 2025-02-12
Form Type: 10-K
Source: 0000007789-25-000013
Chunk: 60

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-02-12
Form: 10-K
Item: Item 8
Chunk 60
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 $6,812 Finance lease costs373 92 119 Operating lease cash flows6,617 7,171 8,440 Finance lease cash flows93 92 125 

113

The right-of-use asset and lease liability by lease classifications on the consolidated balance sheets were as follows:Consolidated Balance Sheets Category($ in thousands)December 31, 2024December 31, 2023Operating lease right-of-use assetPremises and equipment$33,202 $24,712 Finance lease right-of-use assetOther assets— 368 Operating lease liabilityAccrued expenses and other liabilities35,596 27,311 Finance lease liabilityOther long-term funding295 383 The lease payment obligations, weighted-average remaining lease term, and weighted-average original discount rate were as follows:December 31, 2024December 31, 2023($ in thousands)Lease PaymentsWeighted-average Lease Term (in years)Weighted-average Discount RateLease PaymentsWeighted-average Lease Term (in years)Weighted-average Discount RateOperating leasesRetail and corporate offices$39,072 8.304.26 %$25,729 5.763.12 %Land3,228 6.633.52 %4,050 6.983.48 %Equipment204 1.504.62 %408 2.504.62 %Total operating leases$42,505 8.134.20 %$30,187 5.883.19 %Finance leasesRetail and corporate offices$301 3.251.32 %$394 4.251.32 %Total finance leases$301 3.251.32 %$394 4.251.32 %Contractual lease payment obligations for each of the next five years and thereafter, in addition to a reconciliation to the Corporation’s lease liability, were as follows:($ in thousands)Operating LeasesFinance LeasesTotal Leases2025$6,760 $93 $6,853 20266,228 93 6,321 20275,572 93 5,664 20284,845 23 4,868 20293,612 — 3,612 Beyond 202915,487 — 15,487 Total lease payments$42,505 $301 $42,806 Less: interest6,909 6 6