Company: USB-PA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000036104-25-000055
Chunk: 21

Company: US BANCORP \DE\
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 7
Chunk 21
---
 accordance with modified terms and not accruing interest, modified loans that have not met the performance period required to return to accrual status, other real estate owned (“OREO”) and other nonperforming assets owned by the Company. Interest payments collected from assets on nonaccrual status are generally applied against the principal balance and not recorded as income. However, interest income may be recognized for interest payments received if the remaining carrying amount of the loan is believed to be collectible. At June 30, 2025, total nonperforming assets were $1.7 billion, compared to $1.8 billion at December 31, 2024. The $152 million (8.3 percent) decrease in nonperforming assets was primarily due to lower nonperforming commercial and commercial real estate loans. The ratio of total nonperforming assets to total loans and other real estate was 0.44 percent at June 30, 2025, compared with 0.48 percent at December 31, 2024. OREO was $21 million at June 30, 2025 and December 31, 2024, and was related to foreclosed properties that previously secured loan balances. These balances exclude foreclosed GNMA loans whose repayments are primarily insured by the Federal Housing Administration or guaranteed by the United States Department of Veterans Affairs. 

14U.S. Bancorp

TABLE 6Nonperforming Assets(a)

(Dollars in Millions)June 30,2025December 31,2024CommercialCommercial$548 $644 Lease financing27 26 Total commercial575 670 Commercial Real EstateCommercial mortgages732 789 Construction and development31 35 Total commercial real estate763 824 Residential Mortgages(b)145 152 Credit Card— — Other RetailRetail leasing7 7 Home equity and second mortgages127 121 Other20 19 Total other retail154 147 Total nonperforming loans(1)1,637 1,793 Other Real Estate(c)21 21 Other Assets22 18 Total nonperforming assets$1,680 $1,832 Accruing loans 90 days or more past due(b)$966 $810 Period-end loans(2)$380,243 $379,832 Nonperforming loans to total loans(1)/(2).43 %.47 %Nonperforming assets to total loans plus other real estate(c