Company: USB-PA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000036104-25-000064
Chunk: 83

Company: US BANCORP \DE\
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 83
---
8 million for the three months ended September 30, 2024, respectively. Includes $230 million of total loans receiving a payment delay and term extension, $208 million of total loans receiving an interest rate reduction and term extension and $57 million of total loans receiving an interest rate reduction, payment delay and term extension for the nine months ended September 30, 2025, compared with $251 million, $56 million and $20 million for the nine months ended September 30, 2024, respectively. (b)Percent of class total amounts expressed as a percent of total residential mortgage loan balances. 

U.S. Bancorp47

Loan modifications included in the table above exclude trial period arrangements offered to customers and secured loans to consumer borrowers that have had debt discharged through bankruptcy where the borrower has not reaffirmed the debt during the periods presented. At September 30, 2025 the balance of loans modified in trial period arrangements was $185 million, while the balance of secured loans to consumer borrowers that have had debt discharged through bankruptcy was not material. The following table summarizes the effects of loan modifications made to borrowers on loans modified:Three Months Ended September 30Weighted-Average Interest Rate Reduction Weighted-Average Months of Term Extension2025Commercial(a)8.7 %9Commercial real estate4.0 10Residential mortgages1.1 79Credit card16.0 —Other retail7.3 4Loans purchased from GNMA mortgage pools.4 1032024Commercial(a)20.5 %9Commercial real estate4.4 12Residential mortgages1.1 92Credit card16.2 —Other retail6.4 5Loans purchased from GNMA mortgage pools.4 109Nine Months Ended September 30Weighted-Average Interest Rate Reduction Weighted-Average Months of Term Extension2025Commercial(a)10.1 %11Commercial real estate3.3 9Residential mortgages1.3 88Credit card16.1 —Other retail5.8 8Loans purchased from GNMA mortgage pools.4 1022024Commercial(a)20.2 %9Commercial real estate3.1 12Residential mortgages.9 88Credit card16.3 —Other retail7.7 5Loans purchased from GNMA mortgage pools.5 113Note:  The weighted-average payment deferral for all portfolio classes was less than $1 million for the three and nine months ended September