Company: ASB
Filing Date: 2025-02-12
Form Type: 10-K
Source: 0000007789-25-000013
Chunk: 74

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-02-12
Form: 10-K
Item: Item 8
Chunk 74
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 81,074 DeferredFederal(30,701)(8,371)12,531 State(5,775)(3,135)(97)Total deferred(36,475)(11,506)12,434 Total income tax expense$11,314 $23,097 $93,508 

122

Temporary differences between the amounts reported on the financial statements and the tax bases of assets and liabilities resulted in deferred taxes. DTAs and liabilities, included in other assets and accrued expenses and other liabilities on the consolidated balance sheets, respectively, were as follows:($ in thousands)December 31, 2024December 31, 2023Deferred tax assetsAllowance for loan losses$89,295 $83,378 Allowance for other losses9,840 8,933 Accrued liabilities26,109 14,089 Deferred compensation30,404 28,429 Federal tax credits carryforward18,160 8,849 Benefit of state tax losses and credit carryforwards4,187 9,068 Capital loss29,325 — Nonaccrual interest1,269 901 Partnerships37,781 2,365 Lease liability8,881 6,785 Net unrealized losses on AFS securities16,228 48,632 Net unrealized losses on pension and postretirement benefits7,995 8,506 Other3,353 9,403 Total deferred tax assets$282,828 $229,338 Valuation allowance for deferred tax assets(32,702)— Total deferred tax assets after valuation allowance$250,126 $229,338 Deferred tax liabilitiesPrepaid expenses$83,251 $66,381 Goodwill22,376 22,161 Mortgage banking activities21,877 20,799 Deferred loan fee income7,836 8,097 State deferred taxes— 1,387 Lease financing13,213 15,297 Bank premises and equipment30,534 20,389 Purchase accounting6,246 7,898 Basis difference from equity securities and other investments3,104 7,593 Other— 1,207 Total deferred tax liabilities$188,437 $171,209 Net deferred tax assets$61,689 $58,129 At December 31, 2024, the valuation allowance for DTAs was