Company: CMA
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000028412-25-000154
Chunk: 27

Company: COMERICA INC
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 2
Chunk 27
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 $219 million at December 31, 2024. Loans past due 30 days or more and still accruing interest as a percentage of total loans were 0.31 percent and 0.52 percent at March 31, 2025 and December 31, 2024, respectively. An aging analysis of loans included in Note 4 to the consolidated financial statements provides further information about the balances comprising past due loans.

The following table presents a summary of total criticized loans. 

(dollar amounts in millions)March 31, 2025December 31, 2024Total criticized loans$2,573 $2,530 As a percentage of total loans5.2 %5.0 %

The Corporation's criticized list is consistent with the Special Mention, Substandard and Doubtful categories defined by regulatory authorities. Criticized loans on nonaccrual status are individually subjected to quarterly credit quality reviews, and the Corporation may establish specific allowances for such loans. A table of loans by credit quality indicator included in Note 4 to the consolidated financial statements provides further information about the balances comprising total criticized loans. Criticized loans increased $43 million during the three months ended March 31, 2025.

Concentrations of Credit Risk

Concentrations of credit risk may exist when a number of borrowers are engaged in similar activities, or activities in the same geographic region, and have similar economic characteristics that would cause them to be similarly impacted by changes in economic or other conditions. The Corporation has concentrations of credit risk with the commercial real estate and 

50

automotive industries. All other industry concentrations, as defined by management, individually represented less than 10 percent of total loans at March 31, 2025.

Commercial Real Estate Lending

At March 31, 2025, the Corporation's commercial real estate portfolio represented 36 percent of total loans. The following table summarizes the Corporation's commercial real estate loan portfolio by loan category.

March 31, 2025December 31, 2024(in millions)Commercial Real Estate business line (a)Other (b)TotalCommercial Real Estate business line (a)Other (b)TotalReal estate construction loans$3,071 $322 $3,393 $3,358 $322 $3,680 Commercial mortgage loans6,324 8,464 14,788 6,044 8,449 14,493 Total commercial real estate$9,