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

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Charge-offs totaled $104 million at the end of the firsy quarter, according to Associated’s filingt with the Federal DepositInsurances Corp. Meanwhile, second quartefr net charge-offs are expected to be betweem $60 million and $70 million, Green Bay-based Associated (NASDAQ: ASBC) said Monda afternoon. The figure was $56.9 million as of the end of the firsf quarter onMarch 31. The bank’s management said weakness in the economy has resulte din asset-quality downgrades to Associated’as construction, commercial real estate and commercial and industrial “We believe loan loss provisionse and charge-offs will remain elevated due to the continued deterioration in the real estatde sector and the weak said chairman and CEO Paul “We expect the pace of loan and asset deterioration to moderate in future quarters.
” Associated executivezs said that, after taking into consideration the increaseds loan-loss provision, the company’ capital levels will still exceed well-capitalizedr standards as of June 30. Associateds said its board has formed a risk and credit committee to supplementf risk management oversight performed by the company andthe company'sz audit committee. The board has appointed to the new committeeJohn Seramur, Eileen Kamericjk and Richard Lommen. The company will release second-quartert results on July 16. Associated stock closedf at $13.37 on Monday.