Company: ASB
Filing Date: 2025-02-12
Form Type: 10-K
Source: 0000007789-25-000013
Chunk: 61

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-02-12
Form: 10-K
Item: Item 8
Chunk 61
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,915 Present value of lease payments$35,596 $295 $35,891 At  December 31, 2024 and 2023, additional operating leases, primarily retail and corporate offices, that had not yet commenced totaled $2 million and $3 million, respectively. The leases that had not yet commenced as of December 31, 2024 will commence between January 2025 and April 2025 with lease terms of 1 year to 7 years.The Corporation conducts a portion of its business through certain facilities and equipment under non-cancelable operating leases. The Corporation also leases a subdivision of some of its facilities and receives rental income from such lease agreements, included within occupancy expense on the consolidated statements of income. The approximate minimum annual rental payments and rental receipts under non-cancelable agreements and leases are as follows:($ in thousands)PaymentsReceipts2025$6,565 $3,628 20266,293 3,475 20275,636 3,170 20284,855 2,510 20293,604 2,454 Beyond 202915,650 11,493 Total$42,603 $26,730 

Total rental expense from leases, net of lease income, totaled $3 million in 2024,  $2 million in 2023, and $3 million in 2022.

114

Note 7 Deposits 

The distribution of deposits is as follows:($ in thousands)December 31, 2024December 31, 2023Noninterest-bearing demand$5,775,657 $6,119,956 Savings 5,133,295 4,835,701 Interest-bearing demand 9,124,741 8,843,967 Money market6,637,915 6,330,453 Brokered CDs4,276,309 4,447,479 Other time deposits3,700,518 2,868,494 Total deposits$34,648,434 $33,446,049 Time deposits in excess of $250,000 were $758 million and $523 million at December 31, 2024 and 2023, respectively. Aggregate annual maturities of all time deposits at December 31, 2024, are as follows:Maturities During Year Ending December 31,($ in thousands)2025$7,898,330