Company: USB-PA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000036104-25-000055
Chunk: 74

Company: US BANCORP \DE\
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 74
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 RetailTotal Loans2025Originated in 2025$20 $— $— $— $— $20 Originated in 202458 31 — — 23 112 Originated in 202338 21 — — 29 88 Originated in 202239 39 1 — 24 103 Originated in 20219 1 1 — 25 36 Originated prior to 202125 1 6 — 17 49 Revolving153 6 — 759 47 965 Total charge-offs$342 $99 $8 $759 $165 $1,373 2024Originated in 2024$3 $41 $— $— $2 $46 Originated in 202352 6 — — 21 79 Originated in 202284 24 1 — 28 137 Originated in 202115 — — — 21 36 Originated in 20206 — — — 13 19 Originated prior to 202021 1 6 — 19 47 Revolving138 — — 695 50 883 Total charge-offs$319 $72 $7 $695 $154 $1,247 Note:  Year of origination is based on the origination date of a loan, or for existing loans the date when the maturity date, pricing or commitment amount is amended. Predominantly all current year and near term loan origination years for gross charge-offs relate to existing loans that have had recent maturity date, pricing or commitment amount amendments.(a)Predominantly all credit card loans are considered revolving loans. Includes an immaterial amount of charge-offs related to revolving converted to term loans.Credit Quality The credit quality of the Company’s loan portfolios is assessed as a function of net credit losses, levels of nonperforming assets and delinquencies, and credit quality ratings as defined by the Company. For all loan portfolio classes, loans are considered past due based on the number of days delinquent except for monthly amortizing loans which are classified delinquent based upon the number of contractually required payments not made (for example, two missed payments is considered 30 days delinquent). When a loan is placed on nonacc