Associated Reports First Quarter Earnings of $0.27 per share

         Associated Reports First Quarter Earnings of $0.27 per share

Record Commercial loan growth

PR Newswire

GREEN BAY, Wis., April 17, 2014

GREEN BAY, Wis., April 17, 2014 /PRNewswire/ --Associated Banc-Corp (NASDAQ:
ASBC) today reported net income to common shareholders of $44 million, or
$0.27 per common share, for the quarter ended March 31, 2014.

"We are pleased with our solid results this quarter and remain optimistic
about our long-term prospects. This quarter's strong performance was driven
by robust loan growth, particularly in our Commercial lines of business." said
President and CEO Philip B. Flynn. "In this environment, we remain focused on
our strategies to enhance efficiency and manage expenses. We will continue to
look for opportunities to deploy capital which are consistent with our
commitment of building long-term shareholder value at Associated."

HIGHLIGHTS

  oAverage loans grew $416 million or 3% from the fourth quarter

       oAverage total commercial loan balances grew a record $420 million, or
         4% from the fourth quarter, and accounted for the majority of this
         quarter's average loan growth

  oNoninterest expenses of $168 million declined $12 million or 6% from the
    fourth quarter
  oNet interest income of $165 million increased $7 million or 5% from the
    comparable year ago period

       oNet interest income, net of interest recoveries, increased $1 million
         from the fourth quarter

  oPretax income of $66 million increased $4 million or 7% from the fourth
    quarter
  oCredit quality continued to improve with net charge offs, nonaccrual
    loans, past due loans and potential problem loans all declining quarter
    over quarter
  oDuring the first quarter, the Company repurchased $39 million, or
    approximately 2.3 million shares, of common stock at an average cost of
    $17.20 per share
  oReturn on Tier 1 common equity was 9.4% for the first quarter
  oCapital ratios remain very strong with a Tier 1 common equity ratio of
    11.20% at March 31, 2014

FIRST QUARTER 2014 FINANCIAL RESULTS

Loans

Average loans of $16.2 billion increased $416 million, or 3% from the fourth
quarter, and have increased $716 million on average or 5%, from the year ago
quarter. Record total commercial average loan growth of $420 million from the
fourth quarter was attributed to increased line utilization, more origination
activity, and fewer loan payoffs. Commercial and business lending average
balances grew $249 million, or 4% on a linked-quarter basis. Commercial real
estate lending average balances grew by $171 million, or 5% from the fourth
quarter. Total average consumer loans were essentially flat compared to the
prior quarter as the growth in residential mortgage average balances of $70
million was entirely offset by continued, but slower, run off in home equity
and installment loan average balances of $73 million during the quarter.

Deposits

As anticipated, first quarter average deposits of $17.0 billion declined $891
million, or 5% compared to the fourth quarter and have declined $156 million,
or 1%, from the year ago quarter. As part of the Company's previously
announced funding strategy to reduce collateralized municipal deposits and
replace them with lower cost, longer term FHLB borrowings, average money
market balances declined $576 million or 7% from the fourth quarter. Seasonal
outflows led average checking balances to decline $243 million or 3% from the
fourth quarter. Average time deposits continued to decline during the
quarter, and have declined $335 million or 17% from the year ago quarter.

Net Interest Income and Net Interest Margin

First quarter net interest income of $165 million was down $2 million from the
fourth quarter. However, net interest income, net of interest recoveries,
actually increased $1 million from the fourth quarter. In addition, the first
quarter had approximately $2 million less interest income due to the day count
difference between the quarters.

First quarter net interest margin was 3.12%, a decrease of 11 basis points
from the 3.23% reported in the fourth quarter. Asset yields declined 14
basis points from the fourth quarter. The first quarter had $4 million less in
interest recoveries compared to the fourth quarter which accounted for
approximately 7 basis points of the decline, with the remainder coming from
continued loan yield compression. Liability cost management actions reduced
total funding costs to 31 basis points, and total interest-bearing deposit
costs to 19 basis points, for the first quarter.

Noninterest Income and Expense

Noninterest income for the first quarter was $74 million, down $2 million or
3% from the fourth quarter and down $8 million or 10% from the year ago
quarter. The decrease from the year ago quarter was driven by an $11 million
decline in net mortgage banking income as refinancing activity has drastically
slowed. Mortgage banking income decreased $2 million from the prior quarter
related to a decline in the gain on sales of mortgage loans. First quarter
asset gains and losses declined $2 million from the prior quarter, primarily
related to fourth quarter real estate gains. Core fee-based revenue was
relatively flat compared to the prior quarter, as increases in insurance and
brokerage commissions were offset by declines in service charges, trust
service fees and other non-deposit fees. 

Total noninterest expense for the quarter ended March 31, 2014 was $168
million, down $12 million from the fourth quarter. With the decline in
expenses, the efficiency ratio improved to 69% for the first quarter.
Personnel expense declined $4 million from the fourth quarter as the Company
continues to reduce full time equivalent employees. Business development and
advertising expenses declined by $3 million from the previous quarter,
primarily related to increased brand advertising during the fourth quarter.
Legal and professional fees declined $2 million from the prior quarter related
to lower consultant expenses.

Taxes

First quarter income taxes of $21 million were up $7 million from the prior
quarter reflecting the recognition of a $6 million tax benefit in the fourth
quarter related to a settlement of a tax issue and the expiration of various
statutes of limitations. The effective tax rate for the first quarter was
31%.

Credit

The Company reported another quarter of improving credit quality with
nonaccrual loans down 4%, to $178 million compared to the fourth quarter, and
down 21% from a year ago. The ratio of nonaccrual loans to total loans now
stands at 1.08%.

Net charge offs of $5 million for the first quarter were flat from the fourth
quarter.

The first quarter provision for credit losses was $5 million, compared to $2
million in the fourth quarter. The Company's allowance for loan losses was
$268 million, representing an allowance equal to 1.63% of loans and a coverage
ratio of 151% of nonaccrual loans at March 31, 2014.

Capital Ratios

The Company's capital position remains very strong, with a Tier 1 common
equity ratio of 11.20% at March 31, 2014. The Company's capital ratios
continue to be well in excess of both current and proposed "well-capitalized"
regulatory benchmarks.

FIRST QUARTER 2014 EARNINGS RELEASE CONFERENCE CALL

The Company will host a conference call for investors and analysts at 4:00
p.m. Central Time (CT) today, April 17, 2014. Interested parties can listen
to the call live on the internet through the investor relations section of the
company's website, https://www.associatedbank.com/investor or by dialing
877-445-2557. The slide presentation for the call will be available on the
company's website just prior to the call. The number for international callers
is 973-935-2959. Participants should ask the operator for the Associated
Banc-Corp first quarter 2014 earnings call.

An audio archive of the webcast will be available on the company's website at
https://www.associatedbank.com/investor.

ABOUT ASSOCIATED BANC-CORP

Associated Banc-Corp (NASDAQ: ASBC) has total assets of $25 billion and is one
of the top 50, publicly traded, U.S. bank holding companies.Headquartered in
Green Bay, Wis., Associated is a leading Midwest banking franchise, offering a
full range of financial products and services in over 200 banking locations
serving more than 100 communities throughout Wisconsin, Illinois and
Minnesota, and commercial financial services in Indiana, Michigan, Missouri,
Ohio and Texas. Associated Bank, N.A. is an Equal Housing Lender, Equal
Opportunity Lender and Member FDIC. More information about Associated
Banc-Corp is available at www.associatedbank.com.

FORWARD LOOKING STATEMENTS

Statements made in this document which are not purely historical are
forward-looking statements, as defined in the Private Securities Litigation
Reform Act of 1995. This includes any statements regarding management's plans,
objectives, or goals for future operations, products or services, and
forecasts of its revenues, earnings, or other measures of performance. Such
forward-looking statements may be identified by the use of words such as
"believe", "expect", "anticipate", "plan", "estimate", "should", "will",
"intend", "outlook", or similar expressions. Forward-looking statements are
based on current management expectations and, by their nature, are subject to
risks and uncertainties. Actual results may differ materially from those
contained in the forward-looking statements. Factors which may cause actual
results to differ materially from those contained in such forward-looking
statements include those identified in the Company's most recent Form 10-K and
subsequent SEC filings. Such factors are incorporated herein by reference.

NON-GAAP FINANCIAL MEASURES

This press release contains references to measures which are not defined in
generally accepted accounting principles ("GAAP"), including "efficiency
ratio," "Tier 1 Common Equity", and "core fee-based revenue." Information
concerning these non-GAAP financial measures can be found on page 3 of the
attached tables.

Investor Contact:
Brian Klaus, Senior Vice President, Director of Investor Relations
920-491-7059

Media Contact:
Cliff Bowers, Senior Vice President, Director of Public Relations
920-491-7542 



Associated Banc-Corp
Consolidated Balance Sheets (Unaudited)
                    March 31,  December   Seql Qtr  September  June 30,   March 31,  Comp Qtr
                               31,                  30,
(in thousands)      2014       2013       $ Change  2013       2013       2013       $ Change
Assets
Cash and due from   $ 526,951  $ 455,482  $ 71,469  $ 526,009  $ 422,779  $ 336,247  $ 190,704
banks
Interest-bearing
deposits in other
financial          92,071     126,018    (33,947)  277,761    121,390    82,555     9,516
institutions
Federal funds sold
and securities
purchased
under agreements   4,400      20,745     (16,345)  25,400     10,800     8,600      (4,200)
to resell
Securities held to
maturity, at        193,759    175,210    18,549    125,095    75,946     54,123     139,636
amortized cost
Securities
available for sale, 5,277,908  5,250,585  27,323    4,840,035  4,854,319  4,950,317  327,591
at fair value
Federal Home Loan
Bank and Federal
 Reserve Bank     181,360    181,249    111       181,129    181,008    152,490    28,870
stocks, at cost
Loans held for sale 46,529     64,738     (18,209)  102,052    203,576    173,389    (126,860)
Loans               16,441,444 15,896,261 545,183   15,585,854 15,746,599 15,551,562 889,882
Allowance for loan  (267,916)  (268,315)  399       (271,724)  (277,218)  (286,923)  19,007
losses
 Loans, net      16,173,528 15,627,946 545,582   15,314,130 15,469,381 15,264,639 908,889
Premises and        269,257    270,890    (1,633)   265,636    258,903    254,674    14,583
equipment, net
Goodwill            929,168    929,168    -         929,168    929,168    929,168    -
Other intangible    72,629     74,464     (1,835)   75,730     74,612     66,294     6,335
assets, net
Trading assets      40,822     43,728     (2,906)   49,402     49,732     65,014     (24,192)
Other assets        997,815    1,006,697  (8,882)   977,128    965,330    940,258    57,557
 Total assets    $          $          $ 579,277 $          $          $          $
                    24,806,197 24,226,920           23,688,675 23,616,944 23,277,768 1,528,429
Liabilities and
Stockholders'
Equity
Noninterest-bearing $          $          $         $          $          $          $ 25,872
demand deposits     4,478,981  4,626,312  (147,331) 4,453,663  4,259,776  4,453,109
Interest-bearing    13,030,946 12,640,855 390,091   13,884,245 12,872,660 12,968,185 62,761
deposits
 Total deposits  17,509,927 17,267,167 242,760   18,337,908 17,132,436 17,421,294 88,633
Federal funds
purchased and
securities sold
under agreements   939,254    475,442    463,812   580,479    545,740    730,855    208,399
to repurchase
Other short-term    308,652    265,484    43,168    1,046,401  2,218,760  1,038,697  (730,045)
funding
Long-term funding   2,932,040  3,087,267  (155,227) 614,568    614,822    915,063    2,016,977
Trading liabilities 43,450     46,470     (3,020)   52,430     52,598     70,236     (26,786)
Accrued expenses
and other           171,850    193,800    (21,950)  184,607    175,612    165,358    6,492
liabilities
 Total           21,905,173 21,335,630 569,543   20,816,393 20,739,968 20,341,503 1,563,670
liabilities
Stockholders'
Equity
 Preferred equity  61,158     61,862     (704)     62,737     63,272     63,272     (2,114)
 Common stock      1,750      1,750      -         1,750      1,750      1,750      -
 Surplus           1,623,323  1,617,990  5,333     1,614,516  1,610,243  1,605,966  17,357
 Retained earnings 1,402,549  1,392,508  10,041    1,361,498  1,330,737  1,297,692  104,857
 Accumulated other
comprehensive
 income (loss)    (11,577)   (24,244)   12,667    (37,120)   (25,015)   42,991     (54,568)
 Treasury stock    (176,179)  (158,576)  (17,603)  (131,099)  (104,011)  (75,406)   (100,773)
 Total
stockholders'       2,901,024  2,891,290  9,734     2,872,282  2,876,976  2,936,265  (35,241)
equity
 Total
liabilities and     $          $          $ 579,277 $          $          $          $
stockholders'       24,806,197 24,226,920           23,688,675 23,616,944 23,277,768 1,528,429
equity







Associated Banc-Corp
Consolidated Statements of Income (Unaudited) - Quarterly Trend
                                 Sequential Qtr                           Comparable Qtr
(in thousands,                            %                                        %
except per share 1Q14    4Q13    $ Change Change  3Q13    2Q13    1Q13    $ Change Change
amounts)
Interest Income
Interest and     $       $       $        (3.7%)  $       $       $       $        (1.5%)
fees on loans    143,387 148,884 (5,497)          146,219 146,896 145,527 (2,140)
Interest and
dividends on
investment
securities:
 Taxable        26,257  24,316  1,941    8.0%    21,544  21,446  21,613  4,644    21.5%
 Tax-exempt     6,971   6,884   87       1.3%    6,711   6,785   6,965   6        0.1%
Other interest   1,449   1,453   (4)      (0.3%)  1,260   1,233   1,247   202      16.2%
 Total        178,064 181,537 (3,473)  (1.9%)  175,734 176,360 175,352 2,712    1.5%
interest income
Interest Expense
Interest on      6,159   7,340   (1,181)  (16.1%) 7,617   7,769   8,541   (2,382)  (27.9%)
deposits
Interest on
Federal funds
purchased and
securities
sold under       305     271     34       12.5%   308     333     410     (105)    (25.6%)
agreements to
repurchase
Interest on
other short-term 116     228     (112)    (49.1%) 434     525     332     (216)    (65.1%)
funding
Interest on
long-term        6,511   6,499   12       0.2%    6,866   7,551   8,416   (1,905)  (22.6%)
funding
 Total        13,091  14,338  (1,247)  (8.7%)  15,225  16,178  17,699  (4,608)  (26.0%)
interest expense
Net Interest     164,973 167,199 (2,226)  (1.3%)  160,509 160,182 157,653 7,320    4.6%
Income
Provision for    5,000   2,300   2,700    117.4%  (800)   5,300   3,300   1,700    51.5%
credit losses
Net interest
income after
provision for
credit losses    159,973 164,899 (4,926)  (3.0%)  161,309 154,882 154,353 5,620    3.6%
Noninterest
Income
Trust service    11,711  11,938  (227)    (1.9%)  11,380  11,405  10,910  801      7.3%
fees
Service charges
on deposit       16,400  17,330  (930)    (5.4%)  18,407  17,443  16,829  (429)    (2.5%)
accounts
Card-based and
other nondeposit 12,509  12,684  (175)    (1.4%)  12,688  12,591  11,950  559      4.7%
fees
Insurance        12,317  11,274  1,043    9.3%    11,356  9,631   11,763  554      4.7%
commissions
Brokerage and
annuity          4,033   3,881   152      3.9%    3,792   3,688   3,516   517      14.7%
commissions
 Total core
fee-based        56,970  57,107  (137)    (0.2%)  57,623  54,758  54,968  2,002    3.6%
revenue
Mortgage         6,361   8,277   (1,916)  (23.1%) 3,542   19,263  17,765  (11,404) (64.2%)
banking, net
Capital market   2,322   2,771   (449)    (16.2%) 2,652   5,074   2,583   (261)    (10.1%)
fees, net
Bank owned life  4,320   2,787   1,533    55.0%   2,817   3,281   2,970   1,350    45.5%
insurance income
Asset gains      728     2,687   (1,959)  (72.9%) 1,934   (44)    836     (108)    (12.9%)
(losses), net
Investment
securities gains 378     (18)    396      N/M     248     34      300     78       26.0%
(losses), net
Other            2,442   2,262   180      8.0%    2,100   1,944   2,578   (136)    (5.3%)
 Total
noninterest      73,521  75,873  (2,352)  (3.1%)  70,916  84,310  82,000  (8,479)  (10.3%)
income
Noninterest
Expense
Personnel        97,698  101,215 (3,517)  (3.5%)  98,102  99,791  97,907  (209)    (0.2%)
expense
Occupancy        15,560  14,684  876      6.0%    14,758  14,305  15,662  (102)    (0.7%)
Equipment        6,276   6,509   (233)    (3.6%)  6,213   6,462   6,167   109      1.8%
Technology       12,724  12,963  (239)    (1.8%)  12,323  12,651  11,508  1,216    10.6%
Business
development and  5,062   7,834   (2,772)  (35.4%) 5,947   5,028   4,537   525      11.6%
advertising
Other intangible 991     1,011   (20)     (2.0%)  1,010   1,011   1,011   (20)     (2.0%)
amortization
Loan expense     2,787   3,677   (890)    (24.2%) 3,157   3,044   3,284   (497)    (15.1%)
Legal and
professional     4,188   5,916   (1,728)  (29.2%) 3,482   5,483   5,345   (1,157)  (21.6%)
fees
Losses other     544     1,559   (1,015)  (65.1%) (600)   499     384     160      41.7%
than loans
Foreclosure/OREO 1,896   2,829   (933)    (33.0%) 2,515   2,302   2,422   (526)    (21.7%)
expense
FDIC expense     5,001   4,879   122      2.5%    4,755   4,395   5,432   (431)    (7.9%)
Other            14,931  16,091  (1,160)  (7.2%)  13,509  13,725  13,956  975      7.0%
 Total
noninterest      167,658 179,167 (11,509) (6.4%)  165,171 168,696 167,615 43       0.0%
expense
Income before    65,836  61,605  4,231    6.9%    67,054  70,496  68,738  (2,902)  (4.2%)
income taxes
Income tax       20,637  13,847  6,790    49.0%   21,396  22,608  21,350  (713)    (3.3%)
expense
Net income       45,199  47,758  (2,559)  (5.4%)  45,658  47,888  47,388  (2,189)  (4.6%)
Preferred stock  1,244   1,273   (29)     (2.3%)  1,285   1,300   1,300   (56)     (4.3%)
dividends
Net income       $       $       $                $       $       $       $
available to     43,955  46,485  (2,530)  (5.4%)  44,373  46,588  46,088  (2,133)  (4.6%)
common equity
Earnings Per
Common Share:
 Basic          $ 0.27  $ 0.28  $ (0.01) (3.6%)  $ 0.27  $ 0.28  $ 0.27  $ -      0.0%
 Diluted        $ 0.27  $ 0.28  $ (0.01) (3.6%)  $ 0.27  $ 0.28  $ 0.27  $ -      0.0%
Average Common
Shares
Outstanding:
 Basic          161,467 162,611 (1,144)  (0.7%)  164,954 166,605 168,234 (6,767)  (4.0%)
 Diluted        162,188 163,235 (1,047)  (0.6%)  165,443 166,748 168,404 (6,216)  (3.7%)

N/M = Not meaningful.





Associated Banc-Corp
Selected Quarterly Information
(in thousands,
except per share,
full time           1st Qtr     4th Qtr     3rd Qtr     2nd Qtr     1st Qtr
equivalent employee 2014        2013        2013        2013        2013
data and otherwise
noted)
Per Common Share
Data
Dividends           $ 0.09      $ 0.09      $ 0.08      $ 0.08      $ 0.08
Market Value:
 High              18.35       17.56       17.60       15.69       15.30
 Low               15.58       15.34       15.29       13.81       13.46
 Close             18.06       17.40       15.49       15.55       15.19
Book value          17.64       17.40       17.10       16.97       17.13
Tier 1 common       11.88       11.77       11.59       11.42       11.22
equity / share
Tangible book value $ 11.80     $ 11.62     $ 11.37     $ 11.28     $ 11.51
/ share
Performance Ratios
(annualized)
Return on average   0.76%       0.80%       0.78%       0.82%       0.83%
assets
Return on average
tangible common     9.45        9.87        9.48        9.76        9.81
equity
Return on average
Tier 1 common       9.38        9.78        9.31        9.94        10.07
equity (1)
Effective tax rate  31.35       22.48       31.91       32.07       31.06
Dividend payout     33.33       32.14       29.63       28.57       29.63
ratio (3)
Average Balances
Common                                                              $
stockholders'       $ 2,826,933 $ 2,810,130 $ 2,799,885 $ 2,857,722 2,850,227
equity
Average Tier 1      $ 1,899,535 $ 1,885,377 $ 1,890,398 $ 1,880,826 $
common equity (1)                                                   1,856,431
Selected Trend
Information
Average full time
equivalent          4,517       4,584       4,699       4,790       4,841
employees
Trust assets under
management, at      $ 7,535     $ 7,424     $ 7,078     $ 6,894     $ 6,913
market value ($ in
millions)
Total revenue (4)   $ 243,150   $ 248,110   $ 236,373   $ 249,488   $ 244,743
Core fee-based      $ 56,970    $ 57,107    $ 57,623    $ 54,758    $ 54,968
revenue (5)
Mortgage loans
originated for sale $ 203,764   $ 326,648   $ 513,549   $ 782,398   $ 681,410
during period
Mortgage portfolio
serviced for others $ 8,084     $ 8,084     $ 8,014     $ 7,794     $ 7,585
($ in millions)
Mortgage servicing
rights, net /       0.77%       0.78%       0.79%       0.79%       0.69%
Portfolio serviced
for others
At Period End
Loans / deposits    93.90%      92.06%      84.99%      91.91%      89.27%
Risk weighted
assets ($ in        $ 17,075    $ 16,694    $ 16,359    $ 16,479    $ 16,163
millions) (6) (7)
Tier 1 common       $ 1,912,083 $ 1,913,320 $ 1,904,060 $ 1,893,875 $
equity (1)                                                          1,881,410
Stockholders'       11.69%      11.93%      12.13%      12.18%      12.61%
equity / assets
Tangible common
equity / tangible   7.96%       8.11%       8.21%       8.25%       8.64%
assets (8)
Tangible equity /   8.22%       8.38%       8.49%       8.53%       8.92%
tangible assets (8)
Tier 1 common
equity /            11.20%      11.46%      11.64%      11.49%      11.64%
risk-weighted
assets (6) (7)
Tier 1 leverage     8.46%       8.70%       8.76%       8.73%       8.78%
ratio (6) (7)
Tier 1 risk-based
capital ratio (6)   11.56%      11.83%      12.02%      11.88%      12.03%
(7)
Total risk-based
capital ratio (6)   12.81%      13.09%      13.44%      13.29%      13.45%
(7)
Shares outstanding, 161,012     162,623     164,303     165,837     167,673
end of period
Non-GAAP Financial
Measures
Reconciliation
Efficiency ratio    70.41%      73.70%      71.45%      69.01%      70.03%
(2)
Taxable equivalent  (1.35)      (1.49)      (1.50)      (1.38)      (1.46)
adjustment
Asset gains         0.22        0.80        0.59        (0.01)      0.24
(losses), net
Other intangible    (0.42)      (0.42)      (0.44)      (0.41)      (0.42)
amortization
Efficiency ratio,
fully taxable       68.86%      72.59%      70.10%      67.21%      68.39%
equivalent (2)

(1) Tier 1 common equity, a non-GAAP financial measure, is used by banking
regulators, investors and analysts to assess and compare the quality and
composition of our capital with the capital of other financial services
companies. Management uses Tier 1 common equity, along with other capital
measures, to assess and monitor our capital position. Tier 1 common equity
(period end and average) is Tier 1 capital excluding qualifying perpetual
preferred stock and qualifying trust preferred securities.
(2) Efficiency ratio is defined by the Federal Reserve guidance as noninterest
expense divided by the sum of net interest income plus noninterest income,
excluding investment securities gains / losses, net. Efficiency ratio, fully
taxable equivalent, is noninterest expense, excluding other intangible
amortization, divided by the sum of taxable equivalent net interest income
plus noninterest income, excluding investment securities gains / losses, net
and asset gains / losses, net. This efficiency ratio is presented on a
taxable equivalent basis, which adjusts net interest income for the
tax-favored status of certain loans and investment securities. Management
believes this measure to be the preferred industry measurement of net interest
income as it enhances the comparability of net interest income arising from
taxable and tax-exempt sources and it excludes certain specific revenue items
(such as investment securities gains / losses, net and asset gains / losses,
net).
(3) Ratio is based upon basic earnings per common share.
(4) Total revenue, a non-GAAP financial measure, is the sum of taxable
equivalent net interest income, core fee-based revenues, and other noninterest
income categories, as presented on Page 2 in the Consolidated Statements of
Income and Page 6 in the Net Interest Income Analysis.
(5) Core fee-based revenue, a non-GAAP financial measure, is the sum of trust
service fees, service charges on deposit accounts, card-based and other
nondeposit fees, insurance commissions, and brokerage and annuity commissions,
as presented on Page 2 in the Consolidated Statements of Income.
(6) March 31, 2014 data is estimated.
(7) The Federal Reserve establishes capital adequacy requirements, including
well-capitalized standards for the Corporation. The OCC establishes similar
capital adequacy requirements and standards for the Bank. Regulatory capital
primarily consists of Tier 1 risk-based capital and Tier 2 risk-based
capital. The sum of Tier 1 risk-based capital and Tier 2 risk-based capital
equals our total risk-based capital. Risk-based capital guidelines require a
minimum level of capital as a percentage of risk-weighted assets.
Risk-weighted assets consist of total assets plus certain off-balance sheet
and market items, subject to adjustment for predefined credit risk factors.
(8) Tangible equity, tangible common equity and tangible assets exclude
goodwill and other intangible assets, which is a non-GAAP financial measure.
These financial measures have been included as they are considered to be
critical metrics with which to analyze and evaluate financial condition and
capital strength.







Associated Banc-Corp
Selected Asset                   Mar14 vs                             Mar14 vs
Quality                          Dec13                                Mar13
Information
(in thousands) Mar 31,  Dec 31,  % Change  Sep 30,  Jun 30,  Mar 31,  % Change
               2014     2013               2013     2013     2013
Allowance for
Loan Losses
Beginning      $        $        (1.3%)    $        $        $        (9.8%)
balance        268,315  271,724            277,218  286,923  297,409
Provision for  5,000    2,000    150.0%    -        4,000    4,000    25.0%
loan losses
Charge offs    (11,361) (18,742) (39.4%)   (20,288) (21,904) (27,128) (58.1%)
Recoveries     5,962    13,333   (55.3%)   14,794   8,199    12,642   (52.8%)
Net charge     (5,399)  (5,409)  (0.2%)    (5,494)  (13,705) (14,486) (62.7%)
offs
Ending balance $        $        (0.1%)    $        $        $        (6.6%)
               267,916  268,315            271,724  277,218  286,923
Allowance for
Unfunded
Commitments
Beginning      $ 21,900 $ 21,600 1.4%      $ 22,400 $ 21,100 $ 21,800 0.5%
balance
Provision for
unfunded       -        300      N/M       (800)    1,300    (700)    N/M
commitments
Ending balance $ 21,900 $ 21,900 0.0%      $ 21,600 $ 22,400 $ 21,100 3.8%
Allowance for  $        $        (0.1%)    $        $        $        (5.9%)
credit losses  289,816  290,215            293,324  299,618  308,023
Net Charge                       Mar14 vs                             Mar14 vs
Offs                             Dec13                                Mar13
               Mar 31,  Dec 31,  % Change  Sep 30,  Jun 30,  Mar 31,  % Change
               2014     2013               2013     2013     2013
Commercial and $ 2,725  $ 4,555  (40.2%)   $ (447)  $ 1,477  $ 696    291.5%
industrial
Commercial
real estate -  (124)    967      (112.8%)  2,076    1,574    1,518    (108.2%)
owner occupied
Lease          -        (16)     N/M       -        16       (12)     N/M
financing
 Commercial
and business   2,601    5,506    (52.8%)   1,629    3,067    2,202    18.1%
lending
Commercial
real estate -  (1,031)  137      N/M       (414)    2,999    163      N/M
investor
Real estate    113      (3,130)  (103.6%)  (303)    (95)     1,392    (91.9%)
construction
 Commercial
real estate    (918)    (2,993)  (69.3%)   (717)    2,904    1,555    (159.0%)
lending
 Total      1,683    2,513    (33.0%)   912      5,971    3,757    (55.2%)
commercial
Home equity
revolving      1,182    966      22.4%     767      2,512    3,615    (67.3%)
lines of
credit
Home equity
loans 1st      406      372      9.1%      564      954      765      (46.9%)
liens
Home equity
loans junior   859      1,111    (22.7%)   800      2,034    1,957    (56.1%)
liens
 Home equity  2,447    2,449    (0.1%)    2,131    5,500    6,337    (61.4%)
Installment    113      (611)    (118.5%)  124      66       177      (36.2%)
Residential    1,156    1,058    9.3%      2,327    2,168    4,215    (72.6%)
mortgage
 Total        3,716    2,896    28.3%     4,582    7,734    10,729   (65.4%)
consumer
 Total
net charge     $ 5,399  $ 5,409  (0.2%)    $ 5,494  $ 13,705 $ 14,486 (62.7%)
offs
Net Charge
Offs to        Mar 31,  Dec 31,            Sep 30,  Jun 30,  Mar 31,
Average Loans  2014     2013               2013     2013     2013
(in basis
points) *
Commercial and 22       38                 (4)      13       6
industrial
Commercial
real estate -  (5)      34                 72       54       51
owner occupied
Lease          -        (12)               -        12       (8)
financing
 Commercial
and business   17       37                 11       21       16
lending
Commercial
real estate -  (14)     2                  (6)      41       2
investor
Real estate    5        (145)              (15)     (5)      82
construction
 Commercial
real estate    (10)     (32)               (8)      31       18
lending
 Total      7        10                 4        25       17
commercial
Home equity
revolving      55       44                 34       112      159
lines of
credit
Home equity
loans 1st      23       19                 27       42       32
liens
Home equity
loans junior   171      205                140      336      303
liens
 Home equity  55       52                 44       108      119
Installment    11       (59)               11       6        16
Residential    12       11                 25       24       47
mortgage
 Total        25       19                 30       50       70
consumer
 Total
net charge     14       14                 14       35       38
offs
Credit Quality                   Mar14 vs                             Mar14 vs
                                 Dec13                                Mar13
               Mar 31,  Dec 31,  % Change  Sep 30,  Jun 30,  Mar 31,  % Change
               2014     2013               2013     2013     2013
Nonaccrual     $        $        (4.0%)    $        $        $        (21.1%)
loans          177,978  185,428            207,594  217,493  225,436
Other real
estate owned   19,173   18,118   5.8%      25,077   27,407   35,156   (45.5%)
(OREO)
 Total      $        $                  $        $        $
nonperforming  197,151  203,546  (3.1%)    232,671  244,900  260,592  (24.3%)
assets
Loans 90 or
more days past $ 723    $ 2,350  (69.2%)   $ 2,063  $ 1,548  $ 5,690  (87.3%)
due and still
accruing
Allowance for
loan losses /  1.63%    1.69%              1.74%    1.76%    1.84%
loans
Allowance for
loan losses /  150.53   144.70             130.89   127.46   127.27
nonaccrual
loans
Nonaccrual
loans / total  1.08     1.17               1.33     1.38     1.45
loans
Nonperforming
assets / total 1.20     1.28               1.49     1.55     1.67
loans plus
OREO
Nonperforming
assets / total 0.79     0.84               0.98     1.04     1.12
assets
Net charge
offs / average 0.14     0.14               0.14     0.35     0.38
loans
(annualized)
Year-to-date
net charge     0.14     0.25               0.29     0.36     0.38
offs / average
loans
Nonaccrual
loans by type:
Commercial and $ 38,488 $ 37,719 2.0%      $ 36,105 $ 30,302 $ 33,242 15.8%
industrial
Commercial
real estate -  26,735   29,664   (9.9%)    28,301   24,003   23,199   15.2%
owner occupied
Lease          172      69       149.3%    99       72       2,165    (92.1%)
financing
 Commercial
and business   65,395   67,452   (3.0%)    64,505   54,377   58,606   11.6%
lending
Commercial
real estate -  33,611   37,596   (10.6%)   49,841   60,780   56,776   (40.8%)
investor
Real estate    6,667    6,467    3.1%      18,670   21,419   22,166   (69.9%)
construction
 Commercial
real estate    40,278   44,063   (8.6%)    68,511   82,199   78,942   (49.0%)
lending
 Total      105,673  111,515  (5.2%)    133,016  136,576  137,548  (23.2%)
commercial
Home equity
revolving      10,356   11,883   (12.9%)   11,991   12,940   15,914   (34.9%)
lines of
credit
Home equity
loans 1st      5,341    6,135    (12.9%)   6,131    7,898    8,626    (38.1%)
liens
Home equity
loans junior   6,788    7,149    (5.0%)    7,321    7,296    9,405    (27.8%)
liens
 Home equity  22,485   25,167   (10.7%)   25,443   28,134   33,945   (33.8%)
Installment    915      1,114    (17.9%)   1,269    1,533    1,762    (48.1%)
Residential    48,905   47,632   2.7%      47,866   51,250   52,181   (6.3%)
mortgage
 Total        72,305   73,913   (2.2%)    74,578   80,917   87,888   (17.7%)
consumer
 Total  $        $                  $        $        $
nonaccrual     177,978  185,428  (4.0%)    207,594  217,493  225,436  (21.1%)
loans
* Annualized.
N/M = Not
meaningful.







Associated Banc-Corp
Selected Asset
Quality                          Mar14 vs                             Mar14 vs
Information                      Dec13                                Mar13
(continued)
(in thousands) Mar 31,  Dec 31,  % Change  Sep 30,  Jun 30,  Mar 31,  % Change
               2014     2013               2013     2013     2013
Restructured
loans
(accruing)
Commercial and $ 27,776 $ 32,517 (14.6%)   $ 32,145 $ 30,970 $ 29,251 (5.0%)
industrial
Commercial
real estate -  11,579   13,009   (11.0%)   14,425   14,336   12,888   (10.2%)
owner occupied
 Commercial
and business   39,355   45,526   (13.6%)   46,570   45,306   42,139   (6.6%)
lending
Commercial
real estate -  46,020   44,946   2.4%      35,073   37,299   41,253   11.6%
investor
Real estate    2,954    3,793    (22.1%)   4,825    5,365    5,540    (46.7%)
construction
 Commercial
real estate    48,974   48,739   0.5%      39,898   42,664   46,793   4.7%
lending
 Total      88,329   94,265   (6.3%)    86,468   87,970   88,932   (0.7%)
commercial
Home equity
revolving      1,178    1,117    5.5%      1,118    1,130    880      33.9%
lines of
credit
Home equity
loans 1st      1,656    1,436    15.3%     1,628    1,684    1,783    (7.1%)
liens
Home equity
loans junior   6,738    7,080    (4.8%)    7,113    7,119    6,893    (2.2%)
liens
 Home equity  9,572    9,633    (0.6%)    9,859    9,933    9,556    0.2%
Installment    225      246      (8.5%)    416      570      664      (66.1%)
Residential    18,798   19,841   (5.3%)    20,300   20,593   20,941   (10.2%)
mortgage
 Total        28,595   29,720   (3.8%)    30,575   31,096   31,161   (8.2%)
consumer
 Total
restructured   $        $        (5.7%)    $        $        $        (2.6%)
loans          116,924  123,985            117,043  119,066  120,093
(accruing)
Restructured
loans in
nonaccrual     $ 74,231 $ 59,585 24.6%     $ 69,311 $ 70,354 $ 67,811 9.5%
loans (not
included
above)
Loans Past Due                   Mar14 vs                             Mar14 vs
30-89 Days                       Dec13                                Mar13
               Mar 31,  Dec 31,  % Change  Sep 30,  Jun 30,  Mar 31,  % Change
               2014     2013               2013     2013     2013
Commercial and $ 4,126  $ 6,826  (39.6%)   $ 6,518  $ 8,516  $ 10,263 (59.8%)
industrial
Commercial
real estate -  5,342    3,106    72.0%     8,505    8,105    6,804    (21.5%)
owner occupied
Lease          567      -        N/M       1,000    57       283      100.4%
financing
 Commercial
and business   10,035   9,932    1.0%      16,023   16,678   17,350   (42.2%)
lending
Commercial
real estate -  7,188    23,215   (69.0%)   21,747   18,269   25,201   (71.5%)
investor
Real estate    679      1,954    (65.3%)   820      797      2,287    (70.3%)
construction
 Commercial
real estate    7,867    25,169   (68.7%)   22,567   19,066   27,488   (71.4%)
lending
 Total      17,902   35,101   (49.0%)   38,590   35,744   44,838   (60.1%)
commercial
Home equity
revolving      5,344    6,728    (20.6%)   6,318    7,739    1,832    191.7%
lines of
credit
Home equity
loans 1st      1,469    1,110    32.3%     1,376    1,857    1,869    (21.4%)
liens
Home equity
loans junior   3,006    2,842    5.8%      2,206    2,709    2,848    5.5%
liens
 Home equity  9,819    10,680   (8.1%)    9,900    12,305   6,549    49.9%
Installment    1,269    1,150    10.3%     1,170    1,434    2,500    (49.2%)
Residential    4,498    6,118    (26.5%)   6,722    9,920    8,793    (48.8%)
mortgage
 Total        15,586   17,948   (13.2%)   17,792   23,659   17,842   (12.6%)
consumer
 Total
loans past due $ 33,488 $ 53,049 (36.9%)   $ 56,382 $ 59,403 $ 62,680 (46.6%)
30-89 days
Potential                        Mar14 vs                             Mar14 vs
Problem Loans                    Dec13                                Mar13
               Mar 31,  Dec 31,  % Change  Sep 30,  Jun 30,  Mar 31,  % Change
               2014     2013               2013     2013     2013
Commercial and $        $        (4.1%)    $        $        $        (14.4%)
industrial     109,027  113,669            112,947  127,382  127,367
Commercial
real estate -  64,785   56,789   14.1%     61,256   75,074   93,098   (30.4%)
owner occupied
Lease          3,065    1,784    71.8%     207      279      251      N/M
financing
 Commercial
and business   176,877  172,242  2.7%      174,410  202,735  220,716  (19.9%)
lending
Commercial
real estate -  34,790   52,429   (33.6%)   87,526   89,342   101,775  (65.8%)
investor
Real estate    4,870    5,263    (7.5%)    7,540    9,184    10,040   (51.5%)
construction
 Commercial
real estate    39,660   57,692   (31.3%)   95,066   98,526   111,815  (64.5%)
lending
 Total      216,537  229,934  (5.8%)    269,476  301,261  332,531  (34.9%)
commercial
Home equity
revolving      310      303      2.3%      170      308      450      (31.1%)
lines of
credit
Home equity
loans junior   741      1,810    (59.1%)   2,067    2,307    2,871    (74.2%)
liens
 Home equity  1,051    2,113    (50.3%)   2,237    2,615    3,321    (68.4%)
Installment    -        50       (100.0%)  67       83       99       (100.0%)
Residential    2,091    3,312    (36.9%)   5,342    5,917    7,882    (73.5%)
mortgage
 Total        3,142    5,475    (42.6%)   7,646    8,615    11,302   (72.2%)
consumer
 Total  $        $                  $        $        $
potential      219,679  235,409  (6.7%)    277,122  309,876  343,833  (36.1%)
problem loans
N/M = Not
meaningful.







Associated Banc-Corp
Net Interest Income Analysis - Taxable Equivalent Basis
Sequential Quarter   Three months ended March 31,  Three months ended December
                     2014                          31, 2013
                     Average    Interest Average  Average   Interest Average
(in thousands)       Balance    Income / Yield /  Balance   Income / Yield /
                                 Expense Rate               Expense Rate
Earning assets:
 Loans: (1) (2)
(3)
 Commercial and $ 6,131,185 $ 51,681 3.42%    $          $ 51,498 3.47%
business lending                                   5,882,438
 Commercial     3,907,363   35,591   3.69     3,736,314  40,241   4.28
real estate lending
 Total       10,038,548  87,272   3.52     9,618,752  91,739   3.79
commercial
 Residential    3,926,734   32,664   3.33     3,856,944  32,201   3.34
mortgage
 Retail         2,199,335   24,413   4.48     2,272,588  25,851   4.53
 Total loans 16,164,617  144,349  3.61     15,748,284 149,791  3.78
 Investment     5,450,066   36,922   2.71     5,188,616  35,331   2.72
securities
 Other
short-term           277,820     1,449    2.09     305,165    1,453    1.90
investments
 Investments 5,727,886   38,371   2.68     5,493,781  36,784   2.68
and other
Total earning assets 21,892,503  $        3.36     21,242,065 $        3.50
                                 182,720                      186,575
 Other assets, net 2,320,710                     2,316,660
Total assets         $                             $
                     24,213,213                    23,558,725
Interest-bearing
liabilities:
 Savings deposits  $ 1,195,337 $ 220    0.07%    $          $ 248    0.08%
                                                   1,200,338
 Interest-bearing  2,796,247   823      0.12     2,852,090  1,047    0.15
demand deposits
 Money market      7,173,106   2,825    0.16     7,748,650  3,399    0.17
deposits
 Time deposits     1,659,277   2,291    0.56     1,727,138  2,646    0.61
 Total
interest-bearing     12,823,967  6,159    0.19     13,528,216 7,340    0.22
deposits
 Federal funds
purchased and
securities sold
under
 agreements to     805,187     305      0.15     613,943    271      0.18
repurchase
 Other short-term  328,516     116      0.14     726,551    228      0.12
funding
 Long-term funding 3,004,520   6,511    0.87     1,266,464  6,499    2.05
 Total short
and long-term        4,138,223   6,932    0.67     2,606,958  6,998    1.07
funding
Total
interest-bearing     16,962,190  $ 13,091 0.31     16,135,174 $ 14,338 0.35
liabilities

Noninterest-bearing  4,166,305                     4,353,315
demand deposits
 Other liabilities 195,950                       197,598
 Stockholders'     2,888,768                     2,872,638
equity
Total liabilities    $                             $
and stockholders'    24,213,213                    23,558,725
equity
Net interest income              $        3.05%               $        3.15%
and rate spread (1)              169,629                      172,237
Net interest margin                       3.12%                        3.23%
(1)
Taxable equivalent               $ 4,656                      $ 5,038
adjustment
Net Interest Income Analysis -
Taxable Equivalent Basis
Comparable Quarter   Three months ended March 31,  Three months ended March
                     2014                          31, 2013
                     Average    Interest Average  Average   Interest Average
(in thousands)       Balance    Income / Yield /  Balance   Income / Yield /
                                 Expense Rate               Expense Rate
Earning assets:
 Loans: (1) (2)
(3)
 Commercial and $ 6,131,185 $ 51,681 3.42%    $          $ 50,712 3.66%
business lending                                   5,615,036
 Commercial     3,907,363   35,591   3.69     3,592,509  35,864   4.04
real estate lending
 Total       10,038,548  87,272   3.52     9,207,545  86,576   3.81
commercial
 Residential    3,926,734   32,664   3.33     3,622,455  30,481   3.37
mortgage
 Retail         2,199,335   24,413   4.48     2,618,152  29,381   4.53
 Total loans 16,164,617  144,349  3.61     15,448,152 146,438  3.83
 Investment     5,450,066   36,922   2.71     4,891,714  32,757   2.68
securities
 Other
short-term           277,820     1,449    2.09     341,053    1,247    1.47
investments
 Investments 5,727,886   38,371   2.68     5,232,767  34,004   2.60
and other
Total earning assets 21,892,503  $        3.36     20,680,919 $        3.52
                                 182,720                      180,442
 Other assets, net 2,320,710                     2,357,789
Total assets         $                             $
                     24,213,213                    23,038,708
Interest-bearing
liabilities:
 Savings deposits  $ 1,195,337 $ 220    0.07%    $          $ 208    0.07%
                                                   1,141,781
 Interest-bearing  2,796,247   823      0.12     2,779,929  1,179    0.17
demand deposits
 Money market      7,173,106   2,825    0.16     7,044,344  3,615    0.21
deposits
 Time deposits     1,659,277   2,291    0.56     1,994,406  3,539    0.72
 Total
interest-bearing     12,823,967  6,159    0.19     12,960,460 8,541    0.27
deposits
 Federal funds
purchased and
securities sold
under
 agreements to     805,187     305      0.15     779,550    410      0.21
repurchase
 Other short-term  328,516     116      0.14     1,018,553  332      0.13
funding
 Long-term funding 3,004,520   6,511    0.87     960,820    8,416    3.51
 Total short
and long-term        4,138,223   6,932    0.67     2,758,923  9,158    1.33
funding
Total
interest-bearing     16,962,190  $ 13,091 0.31     15,719,383 $ 17,699 0.45
liabilities

Noninterest-bearing  4,166,305                     4,185,924
demand deposits
 Other liabilities 195,950                       219,902
 Stockholders'     2,888,768                     2,913,499
equity
Total liabilities    $                             $
and stockholders'    24,213,213                    23,038,708
equity
Net interest income              $        3.05%               $        3.07%
and rate spread (1)              169,629                      162,743
Net interest margin                       3.12%                        3.17%
(1)
Taxable equivalent               $ 4,656                      $ 5,090
adjustment

(1) The yield on tax exempt loans and securities is computed on a taxable
equivalent basis using a tax rate of 35% for all periods presented and is net
of the effects of certain disallowed interest deductions.
(2) Nonaccrual loans and loans held for sale have been included in the average
balances.
(3) Interest income includes net loan fees.







Associated Banc-Corp
Financial Summary and Comparison
Period End Loan                             Mar14                                      Mar14 vs
Composition                                 vs                                          Mar13
                                            Dec13
                    Mar 31,     Dec 31,     %       Sep 30,     Jun 30,     Mar 31,     % Change
                    2014        2013        Change  2013        2013        2013
Commercial and      $ 5,222,141 $ 4,822,680 8.3%    $ 4,703,056 $ 4,752,838 $ 4,651,143 12.3%
industrial
Commercial real
estate - owner      1,098,089   1,114,715   (1.5%)  1,147,352   1,174,866   1,199,513   (8.5%)
occupied
Lease financing     52,500      55,483      (5.4%)  51,727      55,084      57,908      (9.3%)
 Commercial and    6,372,730   5,992,878   6.3%    5,902,135   5,982,788   5,908,564   7.9%
business lending
Commercial real     3,001,219   2,939,456   2.1%    2,847,152   3,010,992   2,900,167   3.5%
estate - investor
Real estate         969,617     896,248     8.2%    834,744     800,569     729,145     33.0%
construction
 Commercial real   3,970,836   3,835,704   3.5%    3,681,896   3,811,561   3,629,312   9.4%
estate lending
 Total commercial  10,343,566  9,828,582   5.2%    9,584,031   9,794,349   9,537,876   8.4%
Home equity
revolving lines of  856,679     874,840     (2.1%)  875,703     888,162     904,187     (5.3%)
credit
Home equity loans   705,835     742,120     (4.9%)  794,912     863,779     940,017     (24.9%)
1st liens
Home equity loans   199,488     208,054     (4.1%)  220,763     234,292     254,203     (21.5%)
junior liens
 Home equity       1,762,002   1,825,014   (3.5%)  1,891,378   1,986,233   2,098,407   (16.0%)
Installment         393,321     407,074     (3.4%)  420,268     434,029     447,445     (12.1%)
Residential         3,942,555   3,835,591   2.8%    3,690,177   3,531,988   3,467,834   13.7%
mortgage
 Total consumer  6,097,878   6,067,679   0.5%    6,001,823   5,952,250   6,013,686   1.4%
Total loans         $           $           3.4%    $           $           $           5.7%
                    16,441,444  15,896,261          15,585,854  15,746,599  15,551,562
Period End Deposit and Customer Funding     Mar14                                      Mar14 vs
Composition                                 vs                                          Mar13
                                            Dec13
                    Mar 31,     Dec 31,     %       Sep 30,     Jun 30,     Mar 31,     % Change
                    2014        2013        Change  2013        2013        2013
Noninterest-bearing $ 4,478,981 $ 4,626,312 (3.2%)  $ 4,453,663 $ 4,259,776 $ 4,453,109 0.6%
demand
Savings             1,252,669   1,159,512   8.0%    1,195,944   1,211,567   1,197,134   4.6%
Interest-bearing    3,084,457   2,889,705   6.7%    2,735,529   2,802,277   2,966,934   4.0%
demand
Money market        7,069,173   6,906,442   2.4%    8,199,281   7,040,317   6,836,678   3.4%
Brokered CDs        51,235      50,450      1.6%    56,024      59,206      49,919      2.6%
Other time          1,573,412   1,634,746   (3.8%)  1,697,467   1,759,293   1,917,520   (17.9%)
 Total deposits    17,509,927  17,267,167  1.4%    18,337,908  17,132,436  17,421,294  0.5%
Customer repo       548,179     419,247     30.8%   515,555     489,700     617,038     (11.2%)
sweeps
Customer repo term  -           -           N/M     -           -           4,882       (100.0%)
 Total customer    548,179     419,247     30.8%   515,555     489,700     621,920     (11.9%)
funding
 Total deposits              $                   $           $           $
and customer        $18,058,106 17,686,414  2.1%    18,853,463  17,622,136  18,043,214  0.1%
funding
Network transaction
deposits included
above in
 interest-bearing
demand and money    $ 2,141,976 $ 1,936,403 10.6%   $ 2,222,810 $ 2,135,306 $ 2,054,714 4.2%
market
Brokered CDs        51,235      50,450      1.6%    56,024      59,206      49,919      2.6%
 Total network
and brokered        2,193,211   1,986,853   10.4%   2,278,834   2,194,512   2,104,633   4.2%
funding
 Net customer    $           $                   $           $           $
deposits and        15,864,895  15,699,561  1.1%    16,574,629  15,427,624  15,938,581  (0.5%)
funding (1)
(1) Total deposits and customer funding excluding total network and brokered funding.
Quarter Average Loan                        Mar14                                      Mar14 vs
Composition                                 vs                                          Mar13
                                            Dec13
                    Mar 31,     Dec 31,     %       Sep 30,     Jun 30,     Mar 31,     % Change
                    2014        2013        Change  2013        2013        2013
Commercial and      $ 4,983,943 $ 4,709,435 5.8%    $ 4,680,582 $ 4,635,892 $ 4,358,486 14.4%
industrial
Commercial real
estate - owner      1,093,114   1,119,186   (2.3%)  1,142,919   1,169,124   1,196,912   (8.7%)
occupied
Lease financing     54,128      53,817      0.6%    53,244      55,400      59,638      (9.2%)
 Commercial and    6,131,185   5,882,438   4.2%    5,876,745   5,860,416   5,615,036   9.2%
business lending
Commercial real     2,993,046   2,878,176   4.0%    2,940,115   2,951,524   2,899,930   3.2%
estate - investor
Real estate         914,317     858,138     6.5%    828,780     770,584     692,579     32.0%
construction
 Commercial real   3,907,363   3,736,314   4.6%    3,768,895   3,722,108   3,592,509   8.8%
estate lending
 Total commercial  10,038,548  9,618,752   4.4%    9,645,640   9,582,524   9,207,545   9.0%
Home equity
revolving lines of  868,614     876,938     (0.9%)  882,478     896,931     922,084     (5.8%)
credit
Home equity loans   724,995     767,857     (5.6%)  826,653     902,554     976,466     (25.8%)
1st liens
Home equity loans   203,984     214,557     (4.9%)  227,021     242,796     262,193     (22.2%)
junior liens
 Home equity       1,797,593   1,859,352   (3.3%)  1,936,152   2,042,281   2,160,743   (16.8%)
Installment         401,742     413,236     (2.8%)  428,114     441,260     457,409     (12.2%)
Residential         3,926,734   3,856,944   1.8%    3,714,459   3,661,742   3,622,455   8.4%
mortgage
 Total consumer    6,126,069   6,129,532   (0.1%)  6,078,725   6,145,283   6,240,607   (1.8%)
Total loans         $           $           2.6%    $           $           $           4.6%
                    16,164,617  15,748,284          15,724,365  15,727,807  15,448,152
Quarter Average                             Mar14                                      Mar14 vs
Deposit Composition                         vs                                          Mar13
                                            Dec13
                    Mar 31,     Dec 31,     %       Sep 30,     Jun 30,     Mar 31,     % Change
                    2014        2013        Change  2013        2013        2013
Noninterest-bearing $ 4,166,305 $ 4,353,315 (4.3%)  $ 4,264,304 $ 4,191,704 $ 4,185,924 (0.5%)
demand
Savings             1,195,337   1,200,338   (0.4%)  1,204,743   1,207,959   1,141,781   4.7%
Interest-bearing    2,796,247   2,852,090   (2.0%)  2,810,962   2,867,524   2,779,929   0.6%
demand
Money market        7,173,106   7,748,650   (7.4%)  7,556,050   6,930,554   7,044,344   1.8%
Time deposits       1,659,277   1,727,138   (3.9%)  1,773,760   1,907,337   1,994,406   (16.8%)
 Total deposits    $16,990,272 $17,881,531 (5.0%)  $17,609,819 $17,105,078 $17,146,384 (0.9%)

SOURCE Associated Banc-Corp

Website: http://www.associatedbank.com
 
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