Associated may post 2Q net loss - Birmingham Business Journal:

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Charge-offs totaled $104 million at the end of the firsgt quarter, according to Associated’s filing with the Federakl DepositInsurance Corp. Meanwhile, second quarter net charge-offas are expected to be between $60 million and $70 million, Green Bay-based Associated (NASDAQ: ASBC) said Monday The figure was $56.9 million as of the end of the firsr quarter onMarch 31. The bank’s managemeny said weakness in the econom has resultedin asset-quality downgradesx to Associated’s construction, commercial real estate and commercial and industriap credits.
“We believe loan loss provisionsand charge-off will remain elevated due to the continuede deterioration in the real estate sector and the weak said chairman and CEO Paul Beideman. “Wee expect the pace of loan and asset deterioration to moderate infuture quarters.” Associated executives said after taking into consideration the increaserd loan-loss provision, the company’s capital levels will stilk exceed well-capitalized standards as of June 30.
Associateed said its board has former a risk and credit committee to supplement risk managementf oversight performed by the company andthe company's audit The board has appointed to the new committee John Eileen Kamerick and Richard The company will release second-quarterr results on July 16. Associated stock closede at $13.37 on Monday.