Company: ASB
Filing Date: 2025-02-12
Form Type: 10-K
Source: 0000007789-25-000013
Chunk: 27

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-02-12
Form: 10-K
Item: Item 8
Chunk 27
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 Commercial mortgage-related securities:FNMA/FHLMC780,995 12,699 (160,781)632,914 GNMA59,733 386 (7,500)52,619 Total HTM investment securities$3,860,235 $55,619 $(535,230)$3,380,624 Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. The expected maturities of AFS and HTM securities at December 31, 2024, are shown below: AFSHTM($ in thousands)AmortizedCostFairValueAmortizedCostFairValueDue in one year or less$1,000 $997 $17,800 $17,746 Due after one year through five years3,040 3,026 62,054 61,286 Due after five years through ten years1,390 1,387 187,803 179,653 Due after ten years633 585 1,393,065 1,228,957 Total debt securities6,063 5,994 1,660,722 1,487,641 Residential mortgage-related securities:FNMA/FHLMC120,272 110,928 885,476 721,946 GNMA4,236,199 4,227,727 43,693 39,927 Private-label— — 324,182 266,353 Commercial mortgage-related securities:FNMA/FHLMC18,332 17,000 772,456 623,595 GNMA116,275 111,475 52,219 46,032 Asset backed securities:FFELP108,319 107,839 — — SBA495 471 — — Total investment securities$4,605,954 $4,581,434 $3,738,747 $3,185,494 Ratio of fair value to amortized cost99.5 %85.2 %

96

On a quarterly basis, the Corporation refreshes the credit quality of each HTM security. The following table summarizes the credit quality indicators of HTM securities at amortized cost at December 31, 2024:($ in thousands)AAAAAANot RatedTotalU.S. Treasury securities