Company: CMA
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000028412-25-000108
Chunk: 105

Company: COMERICA INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 1
Chunk 105
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$2,313 Other 3,234 3,878 Total dealer$5,513 10.9 %$6,191 11.9 %

F-25

Substantially all dealer loans are in the National Dealer Services business line and primarily include floor plan financing and other loans to automotive dealerships. Floor plan loans, included in commercial loans in the Consolidated Balance Sheets, totaled $2.3 billion at December 31, 2024, a decrease of $34 million compared to $2.3 billion at December 31, 2023. At December 31, 2024 and 2023, other loans in the National Dealer Services business line totaled $3.2 billion and $3.9 billion, respectively, including $1.8 billion and $2.2 billion of owner-occupied commercial real estate mortgage loans, respectively.

There were no nonaccrual dealer loans at December 31, 2024, and 2023. Additionally, there were no net charge-offs of dealer loans in either of the years ended December 31, 2024 and 2023.

Automotive Lending- Production:

The following table presents a summary of loans to borrowers involved with automotive production.

December 31, 2024December 31, 2023LoansOutstandingPercent ofTotal LoansLoansOutstandingPercent ofTotal Loans(in millions)Production:Domestic$499 $591 Foreign265 257 Total production$764 1.5 %$848 1.6 %

Loans to borrowers involved with automotive production, primarily Tier 1 and Tier 2 suppliers, totaled $764 million at December 31, 2024 and $848 million at December 31, 2023. These borrowers have faced, and could face in the future, financial difficulties due to disruptions in auto production, issues with supply chains and logistics operations and impacts resulting from labor union strikes. As such, management continues to monitor this portfolio. 

 There were no nonaccrual loans to borrowers involved with automotive production at December 31, 2024, compared to $17 million at December 31, 2023. Automotive production loan net recoveries totaled $1 million for the year ended December 31, 2024, compared to net charge-offs of $7 million for the year ended December 31, 2023.

For further information regarding significant group concentrations of credit risk, refer to