Company: ASB
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000007789-25-000116
Chunk: 219

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 8
Chunk 219
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 obligor or the collateral pledged, if any. These loans have a well-defined weakness, or weaknesses, that jeopardize the liquidation of the debt, and are characterized by the distinct possibility the Corporation will sustain some loss if the deficiencies are not corrected. Management has determined commercial loan relationships over $0.5 million in nonaccrual status, and commercial and consumer loan relationships with their terms restructured in a loan modification, meet the criteria to be individually evaluated. Commercial loans classified as special mention, substandard, and nonaccrual are reviewed at a minimum on a quarterly basis, while pass credits, which are performing rated credits, are generally reviewed on an annual basis or more frequently if the loan renewal is less than one year or if otherwise warranted. 

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The recorded investment of consumer loans secured by residential real estate properties for which foreclosure proceedings are in process totaled $24.4 million and $22.9 million at June 30, 2025 and December 31, 2024, respectively.

The following table presents loans by past due status at June 30, 2025:Accruing(in thousands)Current30-59 DaysPast Due60-89 DaysPast Due90+ DaysPast DueNonaccrual(a)(b)TotalCommercial and industrial$11,271,869 $555 $2,039 $558 $6,945 $11,281,964 Commercial real estate - owner occupied1,095,873 5,258 370 — — 1,101,501 Commercial and business lending12,367,742 5,813 2,409 558 6,945 12,383,465 Commercial real estate - investor5,342,011 587 455 11,565 15,805 5,370,422 Real estate construction1,950,031 90 — — 146 1,950,267 Commercial real estate lending7,292,042 677 455 11,565 15,950 7,320,689 Total commercial19,659,784 6,490 2,864 12,123 22,895 19,704,154 Residential mortgage6,866,825 8,710 34 — 73,817 6,949,387 Auto finance2,948,341 11,142 2,007 — 8,004