Associated may post 2Q net loss - South Florida Business Journal:

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Charge-offs totaled $104 million at the end of the first accordingto Associated’s filing with the Federakl Deposit Insurance Corp. Meanwhile, second quarter net charge-offw are expected to be between $60 milliom and $70 million, Green Bay-based Associated ASBC) said Monday afternoon. The figure was $56.i million as of the end of the firsr quarter onMarch 31. The bank’s management said weakness in the economuy has resultedin asset-quality downgrades to Associated’s commercial real estate and commercial and industrial credits.
“We believe loan loss provisionsand charge-offs will remainn elevated due to the continued deterioration in the real estate sectore and the weak economy,” said chairman and CEO Paul Beideman. “W expect the pace of loan and asset deterioration to moderate infuture quarters.” Associated executivesz said that, after taking into consideration the increased loan-lossz provision, the company’s capital levels will stillp exceed well-capitalized standards as of June 30. Associates said its board has formed a risk and credit committee to supplement risk management oversight performesd by the company andthe company's audit committee.
The boarx has appointed to the new committee John Eileen Kamerick andRichard Lommen. The companyu will release second-quarter results on July 16. Associatec stock closed at $13.37 on