Company: ASB
Filing Date: 2025-02-12
Form Type: 10-K
Source: 0000007789-25-000013
Chunk: 244

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-02-12
Form: 10-K
Item: Item 7
Chunk 244
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 risk of default than non-criticized loans, as circumstances were present to support the lower loan grade, warranting higher loss factors. Additionally, management allocates ACLL to absorb losses that may not be provided for by the other components due to qualitative factors evaluated by management, such as limitations within the credit risk grading process, known current economic or business conditions that may not yet show in trends, industry or other concentrations with current issues that impose higher inherent risks than are reflected in the loss factors, and other relevant considerations. The total allowance is available to absorb losses from any segment of the loan portfolio.

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Table 11 Allowance for Credit Losses on Loans Years Ended December 31,($ in thousands)20242023202220212020Allowance for loan lossesBalance at beginning of period$351,094 $312,720 $280,015 $383,702 $201,371 Cumulative effect of ASU 2016-13 adoption (CECL) N/A N/AN/AN/A112,457 Balance at beginning of period, adjusted351,094 312,720 280,015 383,702 313,828 Provision for loan losses81,000 87,000 34,000 (80,000)164,457 Provision for loan losses recorded at acquisition— — — — 2,543 Gross up of allowance for PCD loans at acquisition— — — — 3,504 Loans charged offCommercial and industrial(47,517)(45,687)(4,491)(21,564)(80,320)Commercial real estate — owner occupied(3)(25)— — (419)Commercial and business lending(47,520)(45,713)(4,491)(21,564)(80,739)Commercial real estate — investor(11,187)(252)(50)(14,346)(22,920)Real estate construction— (25)(48)(5)(19)Commercial real estate lending(11,187)(277)(98)(14,351)(22,938)Total commercial(58,707)(45,989)(4,588)(35,915)(103,677)Residential mortgage(1,029)(952)(567)(880)(1,867)Auto finance(9,541)(5,950)(1,041)(22)(7)Home equity(216)(424)(587)(668)(1,719)