Company: USB-PA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000036104-25-000064
Chunk: 230

Company: US BANCORP \DE\
Filing Date: 2025-11-05
Form: 10-Q
Chunk 230
---
ollars in Millions) |     | Three Months Ended September 30 |     | 2025 |   |     | 2024 | Nine Months Ended September 30 |     | 2025 |   |     | 2024 |
|:----------------------|:----|:--------------------------------|----:|:-----|:--|----:|:-----|:-------------------------------|----:|:-----|:--|----:|:-----|
| Loans(a)              |     | $                               | 117 |      | $ | 116 |      | $                              | 315 |      | $ | 279 |      |
| Other assets(b)       |     |                                 |   2 |      |   |   1 |      |                                |   4 |      |   |   4 |      |

(a) Represents write-downs of loans which were based on the fair value of the collateral, excluding loans fully charged-off.

(b) Primarily represents related losses of foreclosed properties that were measured at fair value subsequent to their initial acquisition.

| U.S. Bancorp |     | 69 |

Fair Value Option

The following table summarizes the differences between the aggregate fair value carrying amount of the assets and liabilities for which the fair value option has been elected and the aggregate remaining contractual principal balance outstanding:

|                       |     |   | September 30, 2025 |                            |   |       |                                   |   |     |                                                                |   | December 31, 2024 |                            |   |       |                                   |   |     |                                                                |
|:----------------------|:----|:--|-------------------:|:---------------------------|:--|------:|:----------------------------------|:--|----:|:---------------------------------------------------------------|:--|------------------:|:---------------------------|:--|------:|:----------------------------------|:--|----:|:---------------------------------------------------------------|
| (Dollars in Millions) |     |   |                    | Fair Value Carrying Amount |   |       | Contractual Principal Outstanding |   |     | Carrying Amount Over (Under) Contractual Principal Outstanding |   |                   | Fair Value Carrying Amount |   |       | Contractual Principal Outstanding |   |     | Carrying Amount Over (Under) Contractual Principal Outstanding |
| Total loans(a)        |     | $ |              2,288 |                            | $ | 2,259 |                                   | $ |  29 |