Company: USB-PA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000036104-25-000064
Chunk: 76

Company: US BANCORP \DE\
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 76
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 of their credit card and other loan agreements modified to require only principal payments and, as such, are reported as nonaccrual. For all loan classes, interest payments received on nonaccrual loans are generally recorded as a reduction to a loan’s carrying amount while a loan is on nonaccrual and are recognized as interest income upon payoff of the loan. However, interest income may be recognized for interest payments if the remaining carrying amount of the loan is believed to be collectible. In certain circumstances, loans in any class may be restored to accrual status, such as when a loan has demonstrated sustained repayment performance or no amounts are past due and prospects for future payment are no longer in doubt, or when the loan becomes well secured and is in the process of collection. Loans where there has been a partial charge-off may be returned to accrual status if all principal and interest (including amounts previously charged-off) is expected to be collected and the loan is current. The following table provides a summary of loans by portfolio class, including the delinquency status of those that continue to accrue interest, and those that are nonperforming:Accruing(Dollars in Millions)Current30-89 Days Past Due90 Days or More Past DueNonperforming(b)TotalSeptember 30, 2025Commercial$147,310 $283 $88 $733 $148,414 Commercial real estate47,571 75 19 579 48,244 Residential mortgages(a)114,443 162 298 143 115,046 Credit card29,801 409 384 — 30,594 Other retail39,837 176 51 155 40,219 Total loans$378,962 $1,105 $840 $1,610 $382,517 December 31, 2024Commercial$138,362 $356 $96 $670 $139,484 Commercial real estate47,948 78 9 824 48,859 Residential mortgages(a)118,267 188 206 152 118,813 Credit card29,487 428 435 — 30,350 Other retail41,886 229 64 147 42,326 Total loans$375,950 $1,279 $810 $1,793 $379,832 (a)At September 30, 2025, $626