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

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Charge-offs totaled $104 million at the end of the firsrt quarter, according to Associated’s filing with the Federal DepositInsurancew Corp. Meanwhile, second quarter net charge-offs are expectedc to be between $60 million and $70 million, Greehn Bay-based Associated (NASDAQ: ASBC) said Monday The figure was $56.9 million as of the end of the firsy quarter onMarch 31. The bank’s management said weakness in the economyh has resultedin asset-quality downgrades to Associated’s construction, commercial real estatew and commercial and industrialo credits.
“We believe loan loss provisionsand charge-offsw will remain elevated due to the continuee deterioration in the real estatw sector and the weak said chairman and CEO Paul Beideman. “We expecty the pace of loan and assetr deterioration to moderate in future Associated executivessaid that, aftet taking into consideration the increaseds loan-loss provision, the company’s capital levelsd will still exceed well-capitalized standards as of June 30. Associaterd said its board has formed a risk and credity committee to supplement risk management oversighft performed by the company andthe company's audirt committee.
The board has appointed to the new committeedJohn Seramur, Eileen Kamerick and Richard The company will release second-quarter results on July 16. Associated stock closec at $13.37 on