Company: ASB
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000007789-25-000179
Chunk: 246

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 8
Chunk 246
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 periods presented for those securities with observable price changes: (in thousands)Fair value as of December 31, 2023$24,769 Gains recognized in investment securities gains, net4,054 Purchases22 Sales(28,772)Fair value as of December 31, 2024$72 Purchases10 Sales(23)Fair value as of September 30, 2025$58 

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The table below presents the Corporation’s assets measured at fair value on a nonrecurring basis, aggregated by the level in the fair value hierarchy within which those measurements fall:(in thousands)Fair Value HierarchyFair ValueConsolidated Statements of Income Category of Adjustment Recognized in IncomeAdjustment Recognized on the Consolidated Statements of IncomeSep 30, 2025AssetsIndividually evaluated loansLevel 3$14,764 Provision for credit losses$12,304 OREO(a)Level 22,435 Other noninterest expense / provision for credit losses(b)4,391 Dec 31, 2024AssetsIndividually evaluated loansLevel 3$31,483 Provision for credit losses$17,454 OREO(a)Level 2276 Other noninterest expense / provision for credit losses(b)1,067 (a) If the fair value of the collateral exceeds the carrying amount of the asset, no charge off or adjustment is necessary, the asset is not considered to be carried at fair value and is therefore not included in the table. (b) When a property's value is written down at the time it is transferred to OREO, the charge off is booked to the provision for credit losses. When a property is already in OREO and subsequently written down, the charge off is booked to other noninterest expense. The table below presents the unobservable inputs that are readily quantifiable pertaining to Level 3 measurements:Sep 30, 2025Valuation TechniqueSignificant Unobservable InputRange of InputsWeighted Average Input AppliedMortgage servicing rightsDiscounted cash flowOption adjusted spread5%-8%5%Mortgage servicing rightsDiscounted cash flowConstant prepayment rate—%-100%7%Individually evaluated loansAppraisalsCollateral100%-100%100%Individually evaluated loans(a)Discounted cash flowDiscount factor20%-90%62%Interest rate lock commitments to originate residential mortgage loans held for saleDiscounted cash flowClosing ratio67%-100%