Associated may post 2Q net loss - San Francisco Business Times:

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Charge-offs totaled $104 million at the end of the firstt quarter, according to Associated’s filinvg with the Federal DeposigtInsurance Corp. Meanwhile, second quarter net charge-offs are expected to be between $60 million and $70 million, Green Bay-base d Associated (NASDAQ: ASBC) said Monda y afternoon. The figure was $56.89 million as of the end of the first quarted onMarch 31. The bank’s management said weakness in the economhy has resultedin asset-quality downgrades to Associated’s construction, commercial real estate and commercial and industrial credits.
“We believre loan loss provisionsand charge-offs will remain elevated due to the continuee deterioration in the real estater sector and the weak economy,” said chairman and CEO Paul “We expect the pace of loan and assert deterioration to moderate in futured quarters.” Associated executives said after taking into consideration the increased loan-losxs provision, the company’s capital levels will stillp exceed well-capitalized standards as of June 30. Associated said its board has formed a risk and credit committee to supplemeny risk management oversight performed by the company andthe company'ss audit committee.
The board has appointed to the new committee John Eileen Kamerick and Richard The company willrelease second-quarter results on July 16. Associatec stock closed at $13.37 on Monday.