Associated Reports First Quarter Earnings of $0.30 per share

Earnings per share up 11% from prior year

News provided by

Apr 16, 2015, 04:05 ET

GREEN BAY, Wis., April 16, 2015 /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) today reported net income to common shareholders of $45 million, or $0.30 per common share, for the quarter ended March 31, 2015. This compares to net income to common shareholders of $44 million, or $0.27 per common share, for the quarter ended March 31, 2014.

"We are pleased to report another quarter of solid results. Continued loan growth, a strong boost in insurance revenues, and a benign credit environment all helped drive this quarter's performance," said President and CEO Philip B. Flynn. "We remain focused on our strategies to enhance efficiency and on opportunities for disciplined capital deployment."

HIGHLIGHTS

Average loans grew $428 million or 2% from the fourth quarter
- Average total commercial loan balances grew $309 million, or 3% from the fourth quarter, and accounted for the majority of this quarter's average loan growth
Average deposits grew $523 million or 3% from the fourth quarter
Net interest income of $168 million increased $3 million or 2% from the comparable year ago period
Noninterest income of $80 million increased $10 million or 15% from the fourth quarter
- Insurance commissions increased $9 million from the fourth quarter
Noninterest expenses of $174 million increased $2 million or 1% from the fourth quarter
Pretax income of $69 million increased $2 million or 2% from the fourth quarter
During the first quarter, the Company repurchased $30 million, or approximately 1.7 million shares, of common stock at an average cost of $17.27 per share
Return on average Tier 1 common equity was 10.22% for the first quarter
Capital ratios remain strong with a Tier 1 common equity ratio of 9.39% at March 31, 2015

FIRST QUARTER 2015 FINANCIAL RESULTS

Loans

Average loans of $17.8 billion increased $428 million, or 2% from the fourth quarter, and have increased $1.7 billion, or 10% from the year ago quarter. Total commercial loans grew $309 million on average from the fourth quarter and are up $1.1 billion from the prior year. Commercial and business lending average balances grew $272 million, or 4% on a linked-quarter basis. Commercial real estate lending average balances grew $37 million, or 1% from the fourth quarter. Total average consumer loans were up $119 million compared to the prior quarter as the growth in residential mortgage average balances of $174 million was partially offset by continued, but slower, run off in home equity and installment loans.

Deposits

Average deposits of $19.1 billion for the first quarter were up $523 million, or 3% compared to the fourth quarter and have increased $2.1 billion, or 12%, from the year ago quarter. Money market average balances increased $444 million, or 5% from the fourth quarter, and were up $1.5 billion, or 21% from the year ago quarter. Average checking balances have increased four consecutive quarters and were up slightly from the fourth quarter. Average time deposits increased $45 million during the quarter marking a reversal of recent trends.

Net Interest Income and Net Interest Margin

First quarter net interest income of $168 million was up $3 million, or 2% from the year ago quarter, but down $7 million from the fourth quarter. First quarter interest recoveries and prepayments were down $2 million relative to the fourth quarter. In addition, long-term funding costs increased $2 million from the fourth quarter. Lastly, the day count difference between the first and fourth quarters resulted in expected lower net interest income of approximately $2 million.

First quarter net interest margin was 2.89%, a decrease of 15 basis points from the 3.04% reported in the fourth quarter. The first quarter yield on earning assets declined 12 basis points from the prior quarter. The majority of this decline is attributed to continued loan yield compression. In addition, lower interest recoveries and prepayments accounted for 3 basis points of the decline in earning asset yields. The majority of the 4 basis point, quarter over quarter increase in total funding costs is related to the full effect of the carrying cost of the Company's $500 million debt issued in November 2014.

Noninterest Income and Expense

Noninterest income for the first quarter was $80 million, up $10 million or 15% from the fourth quarter, and up $7 million or 9% from the year ago quarter. The Ahmann & Martin Co. acquisition closed during the first quarter and largely contributed to a $9 million increase in insurance commissions from the fourth quarter. Mortgage banking income increased $4 million from the prior quarter. First quarter net asset gains of $1 million were down $3 million from the prior quarter.

Total noninterest expense for the quarter ended March 31, 2015 was $174 million, up $2 million or 1% from the fourth quarter. Personnel expense increased $3 million from the fourth quarter, largely attributed to the Ahmann & Martin Co. acquisition which added approximately 120 colleagues. Occupancy expenses increased by $3 million from the previous quarter, primarily related to a lease termination charge, as we further consolidated office space in Chicago. Business development and advertising expenses declined $3 million from the previous quarter, predominantly related to seasonal advertising during the fourth quarter.

Taxes

First quarter income taxes were $22 million with an effective tax rate of 32%, compared to $21 million with an effective tax rate of 31% in the year ago period.

Credit

Net charge offs of $6 million for the first quarter were up $1 million from the fourth quarter, and were up slightly from the year ago quarter. Potential problem loans of $219 million increased $28 million from the prior quarter. The first quarter provision for credit losses was essentially flat from the prior quarter at $5 million.

The Company's allowance for loan losses was $265 million, equal to 1.48% of loans and reflects a coverage ratio of 152% of nonaccrual loans at March 31, 2015.

Nonaccrual loans of $174 million were down 2% compared to both the fourth quarter and the year ago quarter. The ratio of nonaccrual loans to total loans was down from the previous quarter and stands at 0.97%.

Capital Ratios

During the first quarter, the Company repurchased $30 million of common stock in several open market transactions.

The Company's capital position remains strong, with a Tier 1 common equity ratio of 9.39% at March 31, 2015. The Company's capital ratios continue to be in excess of the Basel III "well-capitalized" regulatory benchmarks on a fully phased in basis.

FIRST QUARTER 2015 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 16, 2015. 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 877-407-8037. 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 201-689-8037. Participants should ask the operator for the Associated Banc-Corp first quarter 2015 earnings call.

An audio archive of the webcast will be available on the company's website at https://www.associatedbank.com/investor approximately fifteen minutes after the call is over.

ABOUT ASSOCIATED BANC-CORP

Associated Banc-Corp (NYSE: ASB) has total assets of $27 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 in 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)
(in thousands)	March 31, 2015		December 31, 2014		Seql Qtr $ Change		September 30, 2014		June 30, 2014		March 31, 2014		Comp Qtr $ Change
*Assets*
Cash and due from banks	$	355,541	$	444,113	$	(88,572)	$	381,287	$	549,883	$	526,951	$	(171,410)
Interest-bearing deposits in other financial institutions	488,426		571,924		(83,498)		74,945		78,233		92,071		396,355
Federal funds sold and securities purchased under agreements to resell	3,380		16,030		(12,650)		18,320		18,135		4,400		(1,020)
Securities held to maturity, at amortized cost	438,047		404,455		33,592		301,941		246,050		193,759		244,288
Securities available for sale, at fair value	5,358,310		5,396,812		(38,502)		5,345,422		5,506,379		5,277,908		80,402
Federal Home Loan Bank and Federal Reserve Bank stocks, at cost	189,222		189,107		115		188,875		186,247		181,360		7,862
Loans held for sale	159,963		154,935		5,028		141,672		78,657		46,529		113,434
Loans	17,979,032		17,593,846		385,186		17,159,090		17,045,052		16,441,444		1,537,588
Allowance for loan losses	(265,268)		(266,302)		1,034		(266,262)		(271,851)		(267,916)		2,648
Loans, net	17,713,764		17,327,544		386,220		16,892,828		16,773,201		16,173,528		1,540,236
Premises and equipment, net	274,591		274,688		(97)		272,283		264,735		269,257		5,334
Goodwill	968,774		929,168		39,606		929,168		929,168		929,168		39,606
Other intangible assets, net	77,984		67,582		10,402		69,201		70,538		72,629		5,355
Trading assets	42,336		35,163		7,173		34,005		40,630		40,822		1,514
Other assets	998,402		1,010,253		(11,851)		1,003,875		985,930		997,815		587
*Total assets*	$	27,068,740	$	26,821,774	$	246,966	$	25,653,822	$	25,727,786	$	24,806,197	$	2,262,543
*Liabilities and Stockholders' Equity*
Noninterest-bearing demand deposits	$	4,570,872	$	4,505,272	$	65,600	$	4,302,454	$	4,211,057	$	4,478,981	$	91,891
Interest-bearing deposits	15,280,720		14,258,232		1,022,488		13,898,804		13,105,202		13,030,946		2,249,774
Total deposits	19,851,592		18,763,504		1,088,088		18,201,258		17,316,259		17,509,927		2,341,665
Federal funds purchased and securities sold under agreements to repurchase	587,272		493,991		93,281		765,641		959,051		939,254		(351,982)
Other short-term funding	75,265		574,297		(499,032)		664,539		1,378,120		308,652		(233,387)
Long-term funding	3,429,925		3,930,117		(500,192)		2,931,547		2,931,809		2,932,040		497,885
Trading liabilities	44,730		37,329		7,401		36,003		43,311		43,450		1,280
Accrued expenses and other liabilities	197,818		222,285		(24,467)		185,256		169,290		171,850		25,968
Total liabilities	24,186,602		24,021,523		165,079		22,784,244		22,797,840		21,905,173		2,281,429
Stockholders' Equity
Preferred equity	59,727		59,727		—		61,024		61,024		61,158		(1,431)
Common stock	1,674		1,665		9		1,719		1,750		1,750		(76)
Surplus	1,505,170		1,484,933		20,237		1,583,032		1,628,356		1,623,323		(118,153)
Retained earnings	1,509,967		1,497,818		12,149		1,466,525		1,432,518		1,402,549		107,418
Accumulated other comprehensive income (loss)	24,800		(4,850)		29,650		(1,725)		10,494		(11,577)		36,377
Treasury stock	(219,200)		(239,042)		19,842		(240,997)		(204,196)		(176,179)		(43,021)
Total stockholders' equity	2,882,138		2,800,251		81,887		2,869,578		2,929,946		2,901,024		(18,886)
*Total liabilities and stockholders' equity*	$	27,068,740	$	26,821,774	$	246,966	$	25,653,822	$	25,727,786	$	24,806,197	$	2,262,543

Associated Banc-Corp Consolidated Statements of Income (Unaudited)—Quarterly Trend
					Sequential Qtr									Comparable Qtr
(in thousands, except per share amounts)	1Q15		4Q14		$ Change		% Change	3Q14		2Q14		1Q14		$ Change		% Change
*Interest Income*
Interest and fees on loans	$	151,945	$	156,536	$	(4,591)	(2.9)%	$	152,030	$	146,629	$	143,387	$	8,558	6.0%
Interest and dividends on investment securities:
Taxable	25,092		25,061		31		0.1%	25,037		26,109		26,257		(1,165)		(4.4)%
Tax-exempt	7,887		7,580		307		4.1%	7,483		7,030		6,971		916		13.1%
Other interest	1,692		1,821		(129)		(7.1)%	1,503		1,862		1,449		243		16.8%
Total interest income	186,616		190,998		(4,382)		(2.3)%	186,053		181,630		178,064		8,552		4.8%
*Interest Expense*
Interest on deposits	7,619		7,319		300		4.1%	6,621		6,195		6,159		1,460		23.7%
Interest on Federal funds purchased and securities sold under agreements to repurchase	231		218		13		6.0%	390		306		305		(74)		(24.3)%
Interest on other short-term funding	81		156		(75)		(48.1)%	233		280		116		(35)		(30.2)%
Interest on long-term funding	10,872		8,644		2,228		25.8%	6,179		6,146		6,511		4,361		67.0%
Total interest expense	18,803		16,337		2,466		15.1%	13,423		12,927		13,091		5,712		43.6%
*Net Interest Income*	167,813		174,661		(6,848)		(3.9)%	172,630		168,703		164,973		2,840		1.7%
Provision for credit losses	4,500		5,000		(500)		(10.0)%	1,000		5,000		5,000		(500)		(10.0)%
Net interest income after provision for credit losses	163,313		169,661		(6,348)		(3.7)%	171,630		163,703		159,973		3,340		2.1%
*Noninterest Income*
Trust service fees	12,087		12,457		(370)		(3.0)%	12,218		12,017		11,711		376		3.2%
Service charges on deposit accounts	15,806		17,006		(1,200)		(7.1)%	17,961		17,412		16,400		(594)		(3.6)%
Card-based and other nondeposit fees	12,416		12,019		397		3.3%	12,407		12,577		12,509		(93)		(0.7)%
Insurance commissions	19,728		10,593		9,135		86.2%	7,860		13,651		12,317		7,411		60.2%
Brokerage and annuity commissions	3,683		3,496		187		5.3%	4,040		4,520		4,033		(350)		(8.7)%
Total core fee-based revenue	63,720		55,571		8,149		14.7%	54,486		60,177		56,970		6,750		11.8%
Mortgage banking, net	7,408		2,928		4,480		153.0%	6,669		5,362		6,361		1,047		16.5%
Capital market fees, net	2,467		2,613		(146)		(5.6)%	2,939		2,099		2,322		145		6.2%
Bank owned life insurance income	2,875		2,739		136		5.0%	3,506		3,011		4,320		(1,445)		(33.4)%
Asset gains, net	1,096		3,727		(2,631)		(70.6)%	4,934		899		728		368		50.5%
Investment securities gains, net	—		25		(25)		(100.0)%	57		34		378		(378)		(100.0)%
Other	2,510		2,040		470		23.0%	2,317		665		2,442		68		2.8%
Total noninterest income	80,076		69,643		10,433		15.0%	74,908		72,247		73,521		6,555		8.9%
*Noninterest Expense*
Personnel expense	100,152		97,258		2,894		3.0%	97,650		97,793		97,698		2,454		2.5%
Occupancy	17,683		14,589		3,094		21.2%	13,743		13,785		15,560		2,123		13.6%
Equipment	5,772		6,148		(376)		(6.1)%	6,133		6,227		6,276		(504)		(8.0)%
Technology	15,558		14,581		977		6.7%	13,573		14,594		12,724		2,834		22.3%
Business development and advertising	5,327		8,538		(3,211)		(37.6)%	7,467		5,077		5,062		265		5.2%
Other intangible amortization	801		775		26		3.4%	990		991		991		(190)		(19.2)%
Loan expense	2,996		3,646		(650)		(17.8)%	3,813		3,620		2,787		209		7.5%
Legal and professional fees	4,538		4,257		281		6.6%	4,604		4,436		4,188		350		8.4%
Foreclosure / OREO expense	1,425		1,168		257		22.0%	2,083		1,575		1,896		(471)		(24.8)%
FDIC expense	6,500		6,956		(456)		(6.6)%	6,859		4,945		5,001		1,499		30.0%
Other	13,503		13,889		(386)		(2.8)%	14,938		14,882		15,475		(1,972)		(12.7)%
Total noninterest expense	174,255		171,805		2,450		1.4%	171,853		167,925		167,658		6,597		3.9%
*Income before income taxes*	69,134		67,499		1,635		2.4%	74,685		68,025		65,836		3,298		5.0%
Income tax expense	22,462		18,761		3,701		19.7%	24,478		21,660		20,637		1,825		8.8%
*Net income*	46,672		48,738		(2,066)		(4.2)%	50,207		46,365		45,199		1,473		3.3%
Preferred stock dividends	1,228		1,225		3		0.2%	1,255		1,278		1,244		(16)		(1.3)%
*Net income available to common equity*	$	45,444	$	47,513	$	(2,069)	(4.4)%	$	48,952	$	45,087	$	43,955	$	1,489	3.4%
*Earnings Per Common Share:*
Basic	$	0.30	$	0.31	$	(0.01)	(3.2)%	$	0.31	$	0.28	$	0.27	$	0.03	11.1%
Diluted	$	0.30	$	0.31	$	(0.01)	(3.2)%	$	0.31	$	0.28	$	0.27	$	0.03	11.1%
*Average Common Shares Outstanding:*
Basic	150,070		151,931		(1,861)		(1.2)%	155,925		159,940		161,467		(11,397)		(7.1)%
Diluted	151,164		153,083		(1,919)		(1.3)%	156,991		160,838		162,188		(11,024)		(6.8)%

Associated Banc-Corp Selected Quarterly Information
($ in millions, except per share and full time equivalent employee data)	1Q15		4Q14		3Q14		2Q14		1Q14
*Per Common Share Data*
Dividends	$	0.10	$	0.10	$	0.09	$	0.09	$	0.09
Market Value:
High	19.07		19.37		18.90		18.39		18.35
Low	16.62		16.75		17.42		16.82		15.58
Close	18.60		18.63		17.42		18.08		18.06
Book value	18.38		18.32		18.15		17.99		17.64
Tier 1 common equity / share (1)	11.97		12.09		12.10		12.04		11.88
Tangible book value / share	$	11.95	$	12.06	$	12.09	$	12.11	$	11.80
*Performance Ratios (annualized)*
Return on average assets	0.71%		0.75%		0.78%		0.75%		0.76%
Return on average tangible common equity	10.16		10.27		10.35		9.56		9.45
Return on average Tier 1 common equity (1)	10.22		10.35		10.38		9.56		9.38
Effective tax rate	32.49		27.79		32.77		31.84		31.35
Dividend payout ratio (2)	33.33		32.26		29.03		32.14		33.33
*Average Balances*
Common stockholders' equity	$	2,785	$	2,772	$	2,815	$	2,830	$	2,827
Average Tier 1 common equity (1)	$	1,804	$	1,821	$	1,871	$	1,892	$	1,900
*Selected Trend Information*
Average full time equivalent employees	4,422		4,320		4,359		4,431		4,517
Trust assets under management, at market value	$	8,138	$	7,993	$	7,700	$	7,720	$	7,535
Total revenue (3)	$	253	$	249	$	252	$	246	$	243
Core fee-based revenue (4)	$	64	$	56	$	54	$	60	$	57
Mortgage loans originated for sale during period	$	268	$	292	$	298	$	276	$	204
Mortgage portfolio serviced for others	$	7,920	$	7,999	$	8,012	$	8,052	$	8,084
Mortgage servicing rights, net / Portfolio serviced for others	0.75%		0.75%		0.76%		0.76%		0.77%
*At Period End*
Loans / deposits	90.57%		93.77%		94.27%		98.43%		93.90%
Stockholders' equity / assets	10.65%		10.44%		11.19%		11.39%		11.69%
Tangible common equity / tangible assets (5)	7.04%		6.97%		7.57%		7.79%		7.96%
Tangible equity / tangible assets (5)	7.27%		7.20%		7.82%		8.03%		8.22%
Shares outstanding, end of period	153,567		149,560		154,743		159,480		161,012
*Capital (6)*
Risk weighted assets (7) (8)	$	19,565	$	18,568	$	18,031	$	17,911	$	17,075
Tier 1 common equity (1)	$	1,838	$	1,808	$	1,873	$	1,920	$	1,912
Tier 1 common equity / risk-weighted assets (7) (8)	9.39%		9.74%		10.39%		10.72%		11.20%
Tier 1 leverage ratio (7) (8)	7.39%		7.48%		7.87%		8.26%		8.46%
Tier 1 risk-based capital ratio (7) (8)	9.70%		10.06%		10.73%		11.06%		11.56%
Total risk-based capital ratio (7) (8)	12.21%		12.66%		11.98%		12.31%		12.81%
*Non-GAAP Financial Measures Reconciliation*
Efficiency ratio (9)	70.30%		70.33%		69.44%		69.70%		70.41%
Taxable equivalent adjustment	(1.42)%		(1.40)%		(1.36)%		(1.32)%		(1.35)%
Asset gains, net	0.30%		1.05%		1.36%		0.26%		0.22%
Other intangible amortization	(0.32)%		(0.32)%		(0.40)%		(0.41)%		(0.42)%
Efficiency ratio, fully taxable equivalent (9)	68.86%		69.66%		69.04%		68.23%		68.86%


(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)	Ratio is based upon basic earnings per common share.
(3)	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.
(4)	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.
(5)	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.
(6)	Prior to 2015, the regulatory capital requirements effective for the Corporation followed the Capital Accord of the Basel Committee on Banking Supervision ("Basel I"). Beginning January 1, 2015, the regulatory capital requirements effective for the Corporation follow Basel III, subject to certain transition provisions from Basel I over the next three years to full implementation by January 1, 2018.
(7)	March 31, 2015 data is estimated.
(8)	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.
(9)	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).

Associated Banc-Corp Selected Asset Quality Information
(in thousands)	Mar 31, 2015		Dec 31, 2014		Mar15 vs Dec14 % Change	Sep 30, 2014		Jun 30, 2014		Mar 31, 2014		Mar15 vs Mar14 % Change
*Allowance for Loan Losses*
Beginning balance	$	266,302	$	266,262	—%	$	271,851	$	267,916	$	268,315	(0.8)%
Provision for loan losses	4,500		4,500		—%	(3,000)		6,500		5,000		(10.0)%
Charge offs	(13,270)		(8,778)		51.2%	(14,850)		(9,107)		(11,361)		16.8%
Recoveries	7,736		4,318		79.2%	12,261		6,542		5,962		29.8%
Net charge offs	(5,534)		(4,460)		24.1%	(2,589)		(2,565)		(5,399)		2.5%
Ending balance	$	265,268	$	266,302	(0.4)%	$	266,262	$	271,851	$	267,916	(1.0)%
*Allowance for Unfunded Commitments*
Beginning balance	$	24,900	$	24,400	2.0%	$	20,400	$	21,900	$	21,900	13.7%
Provision for unfunded commitments	—		500		(100.0)%	4,000		(1,500)		—		N/M
Ending balance	$	24,900	$	24,900	—%	$	24,400	$	20,400	$	21,900	13.7%
Allowance for credit losses	$	290,168	$	291,202	(0.4)%	$	290,662	$	292,251	$	289,816	0.1%
*Net Charge Offs*	Mar 31, 2015		Dec 31, 2014		Mar15 vs Dec14 % Change	Sep 30, 2014		Jun 30, 2014		Mar 31, 2014		Mar15 vs Mar14 % Change
Commercial and industrial	$	4,650	$	1,323	251.5%	$	572	$	(1,377)	$	2,725	70.6%
Commercial real estate—owner occupied	739		134		N/M	2,210		(550)		(124)		N/M
Lease financing	—		9		(100.0)%	(6)		29		—		N/M
Commercial and business lending	5,389		1,466		267.6%	2,776		(1,898)		2,601		107.2%
Commercial real estate—investor	(2,529)		(132)		N/M	(4,065)		(239)		(1,031)		145.3%
Real estate construction	(743)		(116)		N/M	350		795		113		N/M
Commercial real estate lending	(3,272)		(248)		N/M	(3,715)		556		(918)		256.4%
Total commercial	2,117		1,218		73.8%	(939)		(1,342)		1,683		25.8%
Home equity revolving lines of credit	1,220		1,094		11.5%	1,098		1,380		1,182		3.2%
Home equity loans 1st liens	362		206		75.7%	118		448		406		(10.8)%
Home equity loans junior liens	423		457		(7.4)%	728		948		859		(50.8)%
Home equity	2,005		1,757		14.1%	1,944		2,776		2,447		(18.1)%
Installment and credit cards	769		990		(22.3)%	910		247		113		N/M
Residential mortgage	643		495		29.9%	674		884		1,156		(44.4)%
Total consumer	3,417		3,242		5.4%	3,528		3,907		3,716		(8.0)%
Total net charge offs	$	5,534	$	4,460	24.1%	$	2,589	$	2,565	$	5,399	2.5%
Net Charge Offs to Average Loans (in basis points) *	Mar 31, 2015		Dec 31, 2014			Sep 30, 2014		Jun 30, 2014		Mar 31, 2014
Commercial and industrial	32		9			4		(10)		22
Commercial real estate—owner occupied	30		5			84		(20)		(5)
Lease financing	—		7			(5)		22		—
Commercial and business lending	31		9			17		(12)		17
Commercial real estate—investor	(33)		(2)			(54)		(3)		(14)
Real estate construction	(30)		(5)			14		33		5
Commercial real estate lending	(32)		(2)			(37)		6		(10)
Total commercial	8		4			(3)		(5)		7
Home equity revolving lines of credit	56		49			50		64		55
Home equity loans 1st liens	26		14			7		26		23
Home equity loans junior liens	108		107			159		196		171
Home equity	51		42			45		64		55
Installment and credit cards	70		86			78		25		11
Residential mortgage	6		4			6		9		12
Total consumer	21		19			22		25		25
Total net charge offs	13		10			6		6		14
*Credit Quality*	Mar 31, 2015		Dec 31, 2014		Mar15 vs Dec14 % Change	Sep 30, 2014		Jun 30, 2014		Mar 31, 2014		Mar15 vs Mar14 % Change
Nonaccrual loans	$	174,346	$	177,413	(1.7)%	$	184,138	$	179,226	$	177,978	(2.0)%
Other real estate owned (OREO)	14,926		16,732		(10.8)%	16,840		17,729		19,173		(22.2)%
Total nonperforming assets	$	189,272	$	194,145	(2.5)%	$	200,978	$	196,955	$	197,151	(4.0)%
Loans 90 or more days past due and still accruing	$	1,715	$	1,623	5.7%	$	1,690	$	1,776	$	723	137.2%
Allowance for loan losses / loans	1.48%		1.51%			1.55%		1.59%		1.63%
Allowance for loan losses / nonaccrual loans	152.15		150.10			144.60		151.68		150.53
Nonaccrual loans / total loans	0.97		1.01			1.07		1.05		1.08
Nonperforming assets / total loans plus OREO	1.05		1.10			1.17		1.15		1.20
Nonperforming assets / total assets	0.70		0.72			0.78		0.77		0.79
Net charge offs / average loans (annualized)	0.13		0.10			0.06		0.06		0.14
Year-to-date net charge offs / average loans	0.13		0.09			0.08		0.10		0.14
*Nonaccrual loans by type:*
Commercial and industrial	$	61,620	$	49,663	24.1%	$	51,143	$	40,846	$	38,488	60.1%
Commercial real estate—owner occupied	21,861		25,825		(15.3)%	24,340		31,725		26,735		(18.2)%
Lease financing	1,720		1,801		(4.5)%	1,947		1,541		172		N/M
Commercial and business lending	85,201		77,289		10.2%	77,430		74,112		65,395		30.3%
Commercial real estate—investor	13,742		22,685		(39.4)%	25,106		28,135		33,611		(59.1)%
Real estate construction	5,423		5,399		0.4%	8,187		6,988		6,667		(18.7)%
Commercial real estate lending	19,165		28,084		(31.8)%	33,293		35,123		40,278		(52.4)%
Total commercial	104,366		105,373		(1.0)%	110,723		109,235		105,673		(1.2)%
Home equity revolving lines of credit	9,171		9,853		(6.9)%	10,154		10,056		10,356		(11.4)%
Home equity loans 1st liens	5,111		5,290		(3.4)%	4,664		4,634		5,341		(4.3)%
Home equity loans junior liens	6,145		6,598		(6.9)%	6,443		6,183		6,788		(9.5)%
Home equity	20,427		21,741		(6.0)%	21,261		20,873		22,485		(9.2)%
Installment and credit cards	515		613		(16.0)%	653		771		915		(43.7)%
Residential mortgage	49,038		49,686		(1.3)%	51,501		48,347		48,905		0.3%
Total consumer	69,980		72,040		(2.9)%	73,415		69,991		72,305		(3.2)%
Total nonaccrual loans	$	174,346	$	177,413	(1.7)%	$	184,138	$	179,226	$	177,978	(2.0)%
* Annualized
N/M = Not meaningful.

Associated Banc-Corp Selected Asset Quality Information (continued)
(in thousands)	Mar 31, 2015		Dec 31, 2014		Mar15 vs Dec14 % Change	Sep 30, 2014		Jun 30, 2014		Mar 31, 2014		Mar15 vs Mar14 % Change
*Restructured loans (accruing)*
Commercial and industrial	$	26,466	$	33,892	(21.9)%	$	36,955	$	28,849	$	27,776	(4.7)%
Commercial real estate—owner occupied	9,780		10,454		(6.4)%	11,574		12,168		11,579		(15.5)%
Commercial and business lending	36,246		44,346		(18.3)%	48,529		41,017		39,355		(7.9)%
Commercial real estate—investor	22,775		23,127		(1.5)%	24,440		41,758		46,020		(50.5)%
Real estate construction	717		727		(1.4)%	805		1,224		2,954		(75.7)%
Commercial real estate lending	23,492		23,854		(1.5)%	25,245		42,982		48,974		(52.0)%
Total commercial	59,738		68,200		(12.4)%	73,774		83,999		88,329		(32.4)%
Home equity revolving lines of credit	1,251		1,508		(17.0)%	1,531		1,527		1,178		6.2%
Home equity loans 1st liens	1,846		1,857		(0.6)%	1,867		1,674		1,656		11.5%
Home equity loans junior liens	6,642		6,701		(0.9)%	7,184		7,243		6,738		(1.4)%
Home equity	9,739		10,066		(3.2)%	10,582		10,444		9,572		1.7%
Installment and credit cards	891		974		(8.5)%	1,106		1,185		225		296.0%
Residential mortgage	18,449		18,976		(2.8)%	19,141		18,753		18,798		(1.9)%
Total consumer	29,079		30,016		(3.1)%	30,829		30,382		28,595		1.7%
Total restructured loans (accruing)	$	88,817	$	98,216	(9.6)%	$	104,603	$	114,381	$	116,924	(24.0)%
Restructured loans in nonaccrual loans (not included above)	$	53,553	$	57,656	(7.1)%	$	63,314	$	72,388	$	74,231	(27.9)%
*Loans Past Due 30-89 Days*	Mar 31, 2015		Dec 31, 2014		Mar15 vs Dec14 % Change	Sep 30, 2014		Jun 30, 2014		Mar 31, 2014		Mar15 vs Mar14 % Change
Commercial and industrial	$	1,717	$	14,747	(88.4)%	$	3,947	$	2,519	$	4,126	(58.4)%
Commercial real estate—owner occupied	1,849		10,628		(82.6)%	2,675		6,323		5,342		(65.4)%
Lease financing	—		—		N/M	—		556		567		(100.0)%
Commercial and business lending	3,566		25,375		(85.9)%	6,622		9,398		10,035		(64.5)%
Commercial real estate—investor	2,215		1,208		83.4%	15,869		2,994		7,188		(69.2)%
Real estate construction	317		984		(67.8)%	399		258		679		(53.3)%
Commercial real estate lending	2,532		2,192		15.5%	16,268		3,252		7,867		(67.8)%
Total commercial	6,098		27,567		(77.9)%	22,890		12,650		17,902		(65.9)%
Home equity revolving lines of credit	7,150		6,725		6.3%	6,739		6,986		5,344		33.8%
Home equity loans 1st liens	953		1,800		(47.1)%	1,503		1,685		1,469		(35.1)%
Home equity loans junior liens	1,905		2,058		(7.4)%	2,496		2,138		3,006		(36.6)%
Home equity	10,008		10,583		(5.4)%	10,738		10,809		9,819		1.9%
Installment and credit cards	1,818		1,932		(5.9)%	1,818		1,734		1,269		43.3%
Residential mortgage	3,403		3,046		11.7%	3,231		7,070		4,498		(24.3)%
Total consumer	15,229		15,561		(2.1)%	15,787		19,613		15,586		(2.3)%
Total loans past due 30-89 days	$	21,327	$	43,128	(50.5)%	$	38,677	$	32,263	$	33,488	(36.3)%
*Potential Problem Loans*	Mar 31, 2015		Dec 31, 2014		Mar15 vs Dec14 % Change	Sep 30, 2014		Jun 30, 2014		Mar 31, 2014		Mar15 vs Mar14 % Change
Commercial and industrial	$	138,403	$	108,522	27.5%	$	133,416	$	187,251	$	109,027	26.9%
Commercial real estate—owner occupied	43,114		48,695		(11.5)%	49,008		57,757		64,785		(33.5)%
Lease financing	2,009		2,709		(25.8)%	3,787		2,280		3,065		(34.5)%
Commercial and business lending	183,526		159,926		14.8%	186,211		247,288		176,877		3.8%
Commercial real estate—investor	26,026		24,043		8.2%	28,474		31,903		34,790		(25.2)%
Real estate construction	1,487		1,776		(16.3)%	2,227		4,473		4,870		(69.5)%
Commercial real estate lending	27,513		25,819		6.6%	30,701		36,376		39,660		(30.6)%
Total commercial	211,039		185,745		13.6%	216,912		283,664		216,537		(2.5)%
Home equity revolving lines of credit	247		204		21.1%	224		277		310		(20.3)%
Home equity loans junior liens	711		676		5.2%	687		822		741		(4.0)%
Home equity	958		880		8.9%	911		1,099		1,051		(8.8)%
Installment and credit cards	—		2		(100.0)%	4		844		—		N/M
Residential mortgage	6,621		3,781		75.1%	2,166		2,445		2,091		216.6%
Total consumer	7,579		4,663		62.5%	3,081		4,388		3,142		141.2%
Total potential problem loans	$	218,618	$	190,408	14.8%	$	219,993	$	288,052	$	219,679	(0.5)%

N/M = Not meaningful.

Associated Banc-Corp Net Interest Income Analysis—Taxable Equivalent Basis Sequential Quarter
	Three months ended March 31, 2015					Three months ended December 31, 2014
(in thousands)	Average Balance		Interest Income /Expense		Average Yield /Rate	Average Balance		Interest Income /Expense		Average Yield /Rate
Earning assets:
Loans: (1) (2) (3)
Commercial and business lending	$	6,993,169	$	55,915	3.24%	$	6,720,893	$	59,197	3.50%
Commercial real estate lending	4,102,733		36,403		3.60	4,066,143		37,122		3.62
Total commercial	11,095,902		92,318		3.37	10,787,036		96,319		3.54
Residential mortgage	4,663,849		36,885		3.17	4,490,075		36,228		3.23
Retail	2,055,364		23,668		4.64	2,110,144		24,942		4.71
Total loans	17,815,115		152,871		3.46	17,387,255		157,489		3.60
Investment securities (1)	5,754,747		37,159		2.58	5,697,598		36,658		2.57
Other short-term investments	578,164		1,692		1.18	407,644		1,821		1.78
Investments and other	6,332,911		38,851		2.45	6,105,242		38,479		2.52
Total earning assets	24,148,026		$	191,722	3.20	23,492,497		$	195,968	3.32
Other assets, net	2,458,899					2,388,268
Total assets	$	26,606,925				$	25,880,765
Interest-bearing liabilities:
Savings deposits	$	1,277,469	$	238	0.08%	$	1,264,195	$	253	0.08%
Interest-bearing demand deposits	3,203,727		1,050		0.13	3,142,537		1,220		0.15
Money market deposits	8,653,260		3,785		0.18	8,209,091		3,547		0.17
Time deposits	1,594,183		2,546		0.65	1,549,565		2,299		0.59
Total interest-bearing deposits	14,728,639		7,619		0.21	14,165,388		7,319		0.20
Federal funds purchased and securities sold under agreements to repurchase	585,498		231		0.16	600,969		218		0.14
Other short-term funding	119,240		81		0.27	464,866		156		0.13
Long-term funding	3,735,602		10,872		1.17	3,221,574		8,644		1.07
Total short and long-term funding	4,440,340		11,184		1.01	4,287,409		9,018		0.84
Total interest-bearing liabilities	19,168,979		$	18,803	0.39	18,452,797		$	16,337	0.35
Noninterest-bearing demand deposits	4,326,557					4,367,031
Other liabilities	266,660					228,600
Stockholders' equity	2,844,729					2,832,337
Total liabilities and stockholders' equity	$	26,606,925				$	25,880,765
Net interest income and rate spread			$	172,919	2.81%			$	179,631	2.97%
Net interest margin					2.89%					3.04%
Taxable equivalent adjustment			$	5,106				$	4,970

Net Interest Income Analysis—Taxable Equivalent Basis Comparable Quarter
	Three months ended March 31, 2015					Three months ended March 31, 2014
(in thousands)	Average Balance		Interest Income /Expense		Average Yield /Rate	Average Balance		Interest Income /Expense		Average Yield /Rate
Earning assets:
Loans: (1) (2) (3)
Commercial and business lending	$	6,993,169	$	55,915	3.24%	$	6,131,185	$	51,681	3.42%
Commercial real estate lending	4,102,733		36,403		3.60	3,907,363		35,591		3.69
Total commercial	11,095,902		92,318		3.37	10,038,548		87,272		3.52
Residential mortgage	4,663,849		36,885		3.17	3,926,734		32,664		3.33
Retail	2,055,364		23,668		4.64	2,199,335		24,413		4.48
Total loans	17,815,115		152,871		3.46	16,164,617		144,349		3.61
Investment securities (1)	5,754,747		37,159		2.58	5,450,066		36,922		2.71
Other short-term investments	578,164		1,692		1.18	277,820		1,449		2.09
Investments and other	6,332,911		38,851		2.45	5,727,886		38,371		2.68
Total earning assets	24,148,026		$	191,722	3.20	21,892,503		$	182,720	3.36
Other assets, net	2,458,899					2,320,710
Total assets	$	26,606,925				$	24,213,213
Interest-bearing liabilities:
Savings deposits	$	1,277,469	$	238	0.08%	$	1,195,337	$	220	0.07%
Interest-bearing demand deposits	3,203,727		1,050		0.13	2,796,247		823		0.12
Money market deposits	8,653,260		3,785		0.18	7,173,106		2,825		0.16
Time deposits	1,594,183		2,546		0.65	1,659,277		2,291		0.56
Total interest-bearing deposits	14,728,639		7,619		0.21	12,823,967		6,159		0.19
Federal funds purchased and securities sold under agreements to repurchase	585,498		231		0.16	805,187		305		0.15
Other short-term funding	119,240		81		0.27	328,516		116		0.14
Long-term funding	3,735,602		10,872		1.17	3,004,520		6,511		0.87
Total short and long-term funding	4,440,340		11,184		1.01	4,138,223		6,932		0.67
Total interest-bearing liabilities	19,168,979		$	18,803	0.39	16,962,190		$	13,091	0.31
Noninterest-bearing demand deposits	4,326,557					4,166,305
Other liabilities	266,660					195,950
Stockholders' equity	2,844,729					2,888,768
Total liabilities and stockholders' equity	$	26,606,925				$	24,213,213
Net interest income and rate spread			$	172,919	2.81%			$	169,629	3.05%
Net interest margin					2.89%					3.12%
Taxable equivalent adjustment			$	5,106				$	4,656


(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 Composition*	Mar 31, 2015		Dec 31, 2014		Mar15 vs Dec14 % Change	Sep 30, 2014		Jun 30, 2014		Mar 31, 2014		Mar15 vs Mar14 % Change
Commercial and industrial	$	6,140,420	$	5,905,902	4.0%	$	5,603,899	$	5,616,205	$	5,222,141	17.6%
Commercial real estate—owner occupied	1,003,885		1,007,937		(0.4)%	1,014,335		1,070,463		1,098,089		(8.6)%
Lease financing	49,496		51,529		(3.9)%	52,600		51,873		52,500		(5.7)%
Commercial and business lending	7,193,801		6,965,368		3.3%	6,670,834		6,738,541		6,372,730		12.9%
Commercial real estate—investor	3,086,980		3,056,485		1.0%	3,043,361		2,990,732		3,001,219		2.9%
Real estate construction	1,019,571		1,008,956		1.1%	982,426		1,000,421		969,617		5.2%
Commercial real estate lending	4,106,551		4,065,441		1.0%	4,025,787		3,991,153		3,970,836		3.4%
Total commercial	11,300,352		11,030,809		2.4%	10,696,621		10,729,694		10,343,566		9.3%
Home equity revolving lines of credit	879,827		887,779		(0.9)%	880,435		866,042		856,679		2.7%
Home equity loans 1st liens	549,667		584,131		(5.9)%	619,774		659,598		705,835		(22.1)%
Home equity loans junior liens	154,120		164,148		(6.1)%	176,316		187,732		199,488		(22.7)%
Home equity	1,583,614		1,636,058		(3.2)%	1,676,525		1,713,372		1,762,002		(10.1)%
Installment and credit cards	436,492		454,219		(3.9)%	459,682		469,203		393,321		11.0%
Residential mortgage	4,658,574		4,472,760		4.2%	4,326,262		4,132,783		3,942,555		18.2%
Total consumer	6,678,680		6,563,037		1.8%	6,462,469		6,315,358		6,097,878		9.5%
Total loans	$	17,979,032	$	17,593,846	2.2%	$	17,159,090	$	17,045,052	$	16,441,444	9.4%
*Period End Deposit and Customer Funding Composition*	Mar 31, 2015		Dec 31, 2014		Mar15 vs Dec14 % Change	Sep 30, 2014		Jun 30, 2014		Mar 31, 2014		Mar15 vs Mar14% Change
Noninterest-bearing demand	$	4,570,872	$	4,505,272	1.5%	$	4,302,454	$	4,211,057	$	4,478,981	2.1%
Savings	1,337,643		1,235,277		8.3%	1,256,567		1,275,493		1,252,669		6.8%
Interest-bearing demand	3,525,870		3,126,854		12.8%	3,637,411		2,918,900		3,084,457		14.3%
Money market	8,781,206		8,324,646		5.5%	7,491,460		7,348,650		7,069,173		24.2%
Brokered CDs	40,699		42,556		(4.4)%	9,242		44,809		51,235		(20.6)%
Other time	1,595,302		1,528,899		4.3%	1,504,124		1,517,350		1,573,412		1.4%
Total deposits	19,851,592		18,763,504		5.8%	18,201,258		17,316,259		17,509,927		13.4%
Customer repo sweeps	528,572		384,221		37.6%	493,451		489,886		548,179		(3.6)%
Total deposits and customer funding	$	20,380,164	$	19,147,725	6.4%	$	18,694,709	$	17,806,145	$	18,058,106	12.9%
Network transaction deposits included above in interest-bearing demand & money market	$	2,900,325	$	2,852,943	1.7%	$	2,207,055	$	2,238,923	$	2,141,976	35.4%
Brokered CDs	40,699		42,556		(4.4)%	9,242		44,809		51,235		(20.6)%
Total network and brokered funding	2,941,024		2,895,499		1.6%	2,216,297		2,283,732		2,193,211		34.1%
Net customer deposits and funding (1)	$	17,439,140	$	16,252,226	7.3%	$	16,478,412	$	15,522,413	$	15,864,895	9.9%

(1) Total deposits and customer funding excluding total network and brokered funding.
*Quarter Average Loan Composition*	Mar 31, 2015		Dec 31, 2014		Mar15 vs Dec14 % Change	Sep 30, 2014		Jun 30, 2014		Mar 31, 2014		Mar15 vs Mar14 % Change
Commercial and industrial	$	5,944,152	$	5,665,396	4.9%	$	5,558,135	$	5,335,488	$	4,983,943	19.3%
Commercial real estate—owner occupied	998,293		1,003,179		(0.5)%	1,043,001		1,081,552		1,093,114		(8.7)%
Lease financing	50,724		52,318		(3.0)%	51,091		51,804		54,128		(6.3)%
Commercial and business lending	6,993,169		6,720,893		4.1%	6,652,227		6,468,844		6,131,185		14.1%
Commercial real estate—investor	3,106,965		3,062,427		1.5%	3,013,210		3,014,827		2,993,046		3.8%
Real estate construction	995,768		1,003,716		(0.8)%	1,006,076		953,021		914,317		8.9%
Commercial real estate lending	4,102,733		4,066,143		0.9%	4,019,286		3,967,848		3,907,363		5.0%
Total commercial	11,095,902		10,787,036		2.9%	10,671,513		10,436,692		10,038,548		10.5%
Home equity revolving lines of credit	882,869		883,580		(0.1)%	875,388		866,952		868,614		1.6%
Home equity loans 1st liens	567,849		601,719		(5.6)%	638,592		681,607		724,995		(21.7)%
Home equity loans junior liens	159,378		169,845		(6.2)%	181,880		193,727		203,984		(21.9)%
Home equity	1,610,096		1,655,144		(2.7)%	1,695,860		1,742,286		1,797,593		(10.4)%
Installment and credit cards	445,268		455,000		(2.1)%	464,467		389,794		401,742		10.8%
Residential mortgage	4,663,849		4,490,075		3.9%	4,309,121		4,077,617		3,926,734		18.8%
Total consumer	6,719,213		6,600,219		1.8%	6,469,448		6,209,697		6,126,069		9.7%
Total loans	$	17,815,115	$	17,387,255	2.5%	$	17,140,961	$	16,646,389	$	16,164,617	10.2%
*Quarter Average Deposit Composition*	Mar 31, 2015		Dec 31, 2014		Mar15 vs Dec14 % Change	Sep 30, 2014		Jun 30, 2014		Mar 31, 2014		Mar15 vs Mar14 % Change
Noninterest-bearing demand	$	4,326,557	$	4,367,031	(0.9)%	$	4,239,654	$	4,073,310	$	4,166,305	3.8%
Savings	1,277,469		1,264,195		1.0%	1,269,994		1,267,297		1,195,337		6.9%
Interest-bearing demand	3,203,727		3,142,537		1.9%	3,096,712		2,894,446		2,796,247		14.6%
Money market	8,653,260		8,209,091		5.4%	7,721,167		7,340,244		7,173,106		20.6%
Time deposits	1,594,183		1,549,565		2.9%	1,545,851		1,597,535		1,659,277		(3.9)%
Total deposits	$	19,055,196	$	18,532,419	2.8%	$	17,873,378	$	17,172,832	$	16,990,272	12.2%