Company: ASB
Filing Date: 2025-02-12
Form Type: 10-K
Source: 0000007789-25-000013
Chunk: 259

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-02-12
Form: 10-K
Item: Item 7
Chunk 259
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520,809 679,089 446,513 138,512 Unsecured debt capacity(c)1,000,000 1,000,000 1,000,000 1,000,000 1,000,000      Total available liquidity$12,909,210 $12,473,336 $11,087,865 $11,835,827 $11,051,865 Uninsured and uncollateralized deposits$7,954,259 $7,492,684 $7,174,369 $7,710,911 $7,586,047 Coverage ratio of uninsured and uncollateralized deposits with secured funding available within one business day130 %127 %112 %115 %110 %Coverage ratio of uninsured and uncollateralized deposits with total funding162 %166 %155 %153 %146 %(a) Estimated based on normal course of operations with indicated institution.

(b) Availability based on internal policy limitations. The Corporation includes outstanding deposits that have received a primary purpose exemption in the brokered deposit classification as they have similar funding characteristics and risk as brokered deposits. 

(c) Estimated availability based on the Corporation's current internal funding considerations. 

Based on contractual obligations and ongoing operations, the Corporation's sources of liquidity are sufficient to meet present and future liquidity needs. See Table 20 for information about the Corporation's contractual obligations and other commitments. See section Deposits and Customer Funding for information about uninsured deposits and concentrations.

Credit ratings impact the Corporation’s ability to issue debt securities and the cost to borrow money. Adverse changes in credit ratings impact not only the ability to raise funds in the capital markets but also the cost of these funds. For additional information regarding risks related to adverse changes in our credit ratings, see Part I, Item 1A, Risk Factors.

For the year ended December 31, 2024, net cash provided by operating and financing activities was $580 million and $1.7 billion, respectively, while investing activities used net cash of $2.2 billion, for a net increase in cash and cash equivalents of $96 million since year-end 2023. During 2024, total assets increased to $43.0 billion, up $2.0 billion compared to year-end 2023, primarily due to increases in AFS investment securities, at fair value of $981 million, residential loans held for sale of $614