Company: ASB
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000007789-25-000049
Chunk: 206

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 8
Chunk 206
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 Cash Flow Hedging RelationshipsThree Months Ended Mar 31,20252024($ in thousands)Interest Income Interest ExpenseInterest IncomeInterest ExpenseTotal amounts of income/expense presented on the consolidated statements of income in which the effects of the fair value or cash flow hedges are recorded(a)$(1,149)$2,219 $(4,863)$5,322 The effects of fair value and cash flow hedging: Impact on fair value hedging relationships in Subtopic 815-20Interest contracts:Hedged items        (32)6,997 (40)(10,210)Derivatives designated as hedging instruments(a)(1,118)(4,778)(4,823)15,532 (a) Includes net settlements on the derivatives.Location and Amount Recognized on the Consolidated Statements of Income in Fair Value Hedging RelationshipsThree Months Ended Mar 31,20252024($ in thousands)Capital Markets, NetCapital Markets, NetTotal amounts of income/expense presented on the consolidated statements of income in which the effects of the fair value hedges are recorded$1 $— The effects of fair value hedging: Impact on fair value hedging relationships in Subtopic 815-20Foreign currency contracts:Hedged items553 (9,070)Derivatives designated as hedging instruments(551)9,070 The following table presents the effect of cash flow hedge accounting on accumulated other comprehensive income (loss):Three Months Ended Mar 31,($ in thousands)20252024Interest rate-related instruments designated as cash flow hedging instrumentsAmount of income (loss) recognized in OCI on cash flow hedge derivatives(a)$7,268 $(19,461)Amount of loss reclassified from accumulated other comprehensive income (loss) into interest income(a)1,118 4,823 (a) The entirety of gains (losses) recognized in OCI as well as the losses reclassified from accumulated other comprehensive income (loss) into interest income were included components in the assessment of hedge effectiveness.Amounts reported in accumulated other comprehensive income (loss) related to cash flow hedge derivatives are reclassified to interest income as interest payments are made on the hedged variable interest rate assets. The Corporation estimates that $1 million will be reclassified as an increase to interest income over the next 12 months. This amount could differ from amounts actually recognized due to changes in interest rates, hedge de-designations, or the addition of other hedges subsequent to March 31, 2025. The