Company: USB-PA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000036104-25-000055
Chunk: 85

Company: US BANCORP \DE\
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 85
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30, 2025, $413 million of loans 30-89 days past due and $239 million of loans 90 days or more past due purchased and that could be purchased from GNMA mortgage pools under delinquent loan repurchase options whose payments are insured by the Federal Housing Administration or guaranteed by the United States Department of Veterans Affairs, were classified as current, compared with $462 million and $196 million at June 30, 2024 respectively.

U.S. Bancorp49

The following table provides a summary of loans that defaulted (fully or partially charged-off or became 90 days or more past due) that were modified within twelve months prior to default:Three Months Ended June 30(Dollars in Millions)Interest Rate ReductionPayment DelayTerm ExtensionMultiple  Modifications(a)2025Commercial$9 $— $1 $— Commercial real estate36 — — — Residential mortgages— — — 3 Credit card34 — — — Other retail— — 5 — Total loans, excluding loans purchased from GNMA mortgage pools79 — 6 3 Loans purchased from GNMA mortgage pools— 61 29 50 Total loans$79 $61 $35 $53 2024Commercial$7 $— $— $— Commercial real estate— — 24 — Residential mortgages— 9 1 1 Credit card30 — — — Other retail1 — 5 — Total loans, excluding loans purchased from GNMA mortgage pools38 9 30 1 Loans purchased from GNMA mortgage pools— 58 24 29 Total loans$38 $67 $54 $30 Six Months Ended June 30(Dollars in Millions)Interest Rate  ReductionPayment DelayTerm ExtensionMultiple  Modifications(a)2025Commercial$19 $— $21 $— Commercial real estate36 — — — Residential mortgages— — — 3 Credit card69 — — — Other retail1 — 10 — Total loans, excluding loans purchased from GNMA mortgage pools125 — 31 3 Loans purchased from GNMA mortgage pools— 100 44 89 Total loans$125 $100 $75 $92 2024Commercial$13