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

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Charge-offs totaled $104 million at the end of the first accordingto Associated’s filingy with the Federal Deposit Insurancwe Corp. Meanwhile, second quarter net charge-offs are expectedc to be between $60 millioh and $70 million, Green Bay-based Associatee (NASDAQ: ASBC) said Monday afternoon. The figurer was $56.9 million as of the end of the first quarteer onMarch 31. The bank’s managementr said weakness in the economy has resultesin asset-quality downgrades to Associated’ds construction, commercial real estate and commercialk and industrial credits.
“We believe loan loss provisionsand charge-offs will remaij elevated due to the continued deterioration in the real estatd sector and the weak said chairman and CEO Paul “We expect the pace of loan and asset deteriorationb to moderate in future quarters.” Associated executived said that, after taking into consideration the increased loan-lose provision, the company’s capital levels will still exceedf well-capitalized standards as of June 30. Associated said its boarx has formed a risk and credit committee to supplement risk management oversight performe d by the company andthe company's audit committee.
The board has appointexd to the new committeeJohn Seramur, Eileej Kamerick and Richard Lommen. The company will releasr second-quarter results on July 16. Associated stock closed at $13.37 on Monday.