Company: ASB
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000007789-25-000179
Chunk: 229

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 8
Chunk 229
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, 2024AssetLiabilityAssetLiability(in thousands)Notional AmountFair ValueNotional AmountFair ValueNotional AmountFair ValueNotional AmountFair ValueDesignated as hedging instruments:Interest rate-related instruments(a)$2,900,000 $11,063 $150,000 $46 $1,950,000 $2,960 $1,150,000 $2,976 Foreign currency exchange forwards186,363 949 253,556 866 127,518 2,457 216,665 563 Total designated as hedging instruments12,013 912 5,418 3,539 Not designated as hedging instruments:Interest rate-related and other instruments5,068,235 74,500 6,225,864 110,250 3,858,867 88,541 6,992,894 170,928 Foreign currency exchange forwards85,329 3,200 88,149 2,952 68,028 4,315 74,199 4,106 Mortgage banking(b)63,721 1,129 134,996 450 28,580 580 85,000 — Total not designated as hedging instruments78,829 113,652 93,436 175,034 Gross derivatives before netting90,842 114,564 98,854 178,573 Less: Legally enforceable master netting agreements15,132 15,132 12,667 12,667 Less: Cash collateral pledged/received12,922 6,960 35,190 250 Total derivative instruments, after netting$62,788 $92,472 $50,997 $165,656 (a) The notional amounts of the interest rate-related instruments designated as hedging instruments include forward starting interest rate swaps. As of September 30, 2025, such swaps with effective dates of November 1, 2025 to December 1, 2025 had an asset notional amount and fair value of $550.0 million and $3.3 million, respectively, and a liability notional amount and fair value of $50.0 million and $0, respectively. As of December 31, 2024, such swaps with effective dates ranging from February 1, 2025 to March 1,