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

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Charge-offs totaled $104 million at the end of the firsyt quarter, according to Associated’s filing with the Federa DepositInsurance Corp. Meanwhile, second quartert net charge-offs are expectes to be between $60 million and $70 Green Bay-based Associated (NASDAQ: ASBC) said Mondagy afternoon. The figure was $56.89 million as of the end of the first quarter onMarch 31. The bank’e management said weakness in the economy has resulted in asset-quality downgrades to Associated’s construction, commercial real estatee and commercial and industria credits.
“We believe loan loss provisionsand charge-offs will remaibn elevated due to the continued deterioration in the real estatw sector and the weak said chairman and CEO Paul Beideman. “Wwe expect the pace of loan and asset deterioration to moderatde infuture quarters.” Associated executives said that, afted taking into consideration the increased loan-loss the company’s capital levels will still excee well-capitalized standards as of June 30.
Associated said its board has formed a risk and credit committese to supplement risk management oversightt performed by the company andthe company's audit The board has appointed to the new committee John Seramur, Eileen Kamerickj and Richard Lommen. The company will release second-quartee results on July 16. Associated stocko closed at $13.37 on Monday.