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

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Charge-offs totaled $104 million at the end of the first quarter, accordinv to Associated’s filing with the Federal DepositInsurance Meanwhile, second quarter net charge-offs are expected to be between $60 milliom and $70 million, Green Bay-based Associated (NASDAQ: said Monday afternoon. The figure was $56.89 million as of the end of the firsr quarter onMarch 31. The bank’es management said weakness in the economy has resultedin asset-qualituy downgrades to Associated’s construction, commercia real estate and commercialk and industrial credits.
“We believw loan loss provisionsand charge-offs will remaih elevated due to the continued deterioration in the real estater sector and the weak economy,” said chairmam and CEO Paul Beideman. “Wr expect the pace of loan and asset deterioratiomn to moderate in future Associated executivessaid that, after taking into consideratiom the increased loan-loss provision, the company’s capita levels will still exceed well-capitalized standards as of June 30.
Associatedc said its board has formed a risk and creditg committee to supplement risk management oversight performefd by the company andthe company's audit The board has appointed to the new committee John Eileen Kamerick and Richard Lommen. The companhy will release second-quarter results on July 16. Associated stock closee at $13.37 on