Company: USB-PA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000036104-25-000055
Chunk: 198

Company: US BANCORP \DE\
Filing Date: 2025-08-07
Form: 10-Q
Chunk 198
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 $ | 379,832 |       |
| Total outstanding commitments |     | $             | 789,563 |      | $          | 3,118 |     | $             | 9,644 |     | $          | 12,762 |     | $ | 802,325 |       | $                 | 778,155 |      | $          | 3,875 |     | $             | 10,441 |     | $          | 14,316 |     | $ | 792,471 |       |

Note: Year of origination is based on the origination date of a loan, or for existing loans the date when the maturity date, pricing or commitment amount is amended. Predominately all current year and nearer term loan origination years for criticized loans relate to existing loans that have had recent maturity date, pricing or commitment amount amendments.

(a) Classified rating on consumer loans primarily based on delinquency status.

(b) Includes an immaterial amount of revolving converted to term loans.

(c) At June 30, 2025, $ 2.2billion of GNMA loans 90 days or more past due and $ 1.4billion of modified GNMA loans whose repayments are insured by the Federal Housing Administration or guaranteed by the United States Department of Veterans Affairs were classified with a pass rating, compared with $ 2.3billion and $ 1.4billion at December 31, 2024, respectively.

(d) Predominately all credit card loans are considered revolving loans. Includes an immaterial amount of revolving converted to term loans.

| 46 |     | U.S. Bancorp |

Loan Modifications In certain circumstances, the Company may modify the terms of a loan to maximize the collection of amounts due when a borrower is experiencing financial difficulties or is expected to experience difficulties in the near-term. The Company recognizes interest on modified loans if full collection of contractual principal and interest is expected. The effects of modifications on credit loss expectations, such as improved payment capacity, longer expected lives and other factors, are considered when measuring the allowance for credit losses. Modification performance, including redefault rates and how these compare to historical losses, are also considered. Modifications generally do not result in significant changes to the Company’s allowance for credit losses.

The following table provides a summary of period-end balances of loans modified during the periods presented, by portfolio class and modification granted:

| Three Months Ended June 30                                      
 (Dollars in Millions