Company: CMA
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000028412-25-000108
Chunk: 491

Company: COMERICA INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 16
Chunk 491
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, largely maintained in the Corporate Banking line of business. Senior housing loans totaled $658 million at December 31, 2024, of which 57% were criticized, compared to $796 million at December 31, 2023, of which 11% were criticized. Commercial mortgage loan net charge-offs were $13 million in 2024, compared to net recoveries of $1 million in 2023.

Automotive Lending - Dealer:

The following table presents a summary of dealer loans.

December 31, 2024December 31, 2023(in millions)LoansOutstandingPercent ofTotal LoansLoansOutstandingPercent ofTotal LoansDealer:Floor plan$2,279 $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