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

http://www.antiquesauto.com/2010/08/page/2
Charge-offs totaled $104 million at the end of the firstr quarter, according to Associated’s filing with the Federal DepositrInsurance Corp. Meanwhile, second quarter net charge-offs are expecterd to be between $60 milliob and $70 million, Green Bay-based Associatefd (NASDAQ: ASBC) said Monday afternoon. The figures was $56.9 million as of the end of the firsyt quarter onMarch 31. The bank’s managementg said weakness in the economy has resultedin asset-quality downgrades to Associated’s construction, commercial real estate and commercial and industrial credits.
“Wew believe loan loss provisionswand charge-offs will remain elevated due to the continueds deterioration in the real estate sector and the weak economy,” said chairmajn and CEO Paul Beideman. “We expect the pace of loan and assegt deterioration to moderate infuture quarters.” Associated executived said that, after taking into consideration the increased loan-losxs provision, the company’s capital levels will still exceerd well-capitalized standards as of June 30. Associated said its board has formedf a risk and credit committe e to supplement risk management oversight performed by the company andthe company's audit committee.
The boarr has appointed to the new committee John Eileen Kamerick and Richard The company willrelease second-quarter results on July 16. Associate stock closed at $13.37 on Monday.