Company: USB-PA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000036104-25-000064
Chunk: 9

Company: US BANCORP \DE\
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 7
Chunk 9
---
.8 billion ($5.1 billion net-of-tax) at December 31, 2024. The favorable change in net unrealized gains (losses) was primarily due to increases in the fair value of U.S. treasury and mortgage-backed securities as a result of changes in interest rates. Gross unrealized losses on available-for-sale investment securities totaled $5.4 billion at September 30, 2025, compared with $6.9 billion at December 31, 2024. When evaluating credit losses, the Company considers various factors such as the nature of the investment security, the credit ratings or financial condition of the issuer, the extent of the unrealized loss, expected cash flows of the underlying collateral, the existence of any government or agency guarantees, and market conditions. At September 30, 2025, the Company had no plans to sell securities with unrealized losses, and believed it was more likely than not that it would not be required to sell such securities before recovery of their amortized cost. Refer to Notes 3 and 14 in the Notes to Consolidated Financial Statements for further information on investment securities. 

U.S. Bancorp7

 TABLE 4Investment Securities

September 30, 2025December 31, 2024(Dollars in Millions)Amortized CostFair ValueWeighted- Average Maturity in YearsWeighted- Average Yield(e)Amortized CostFair ValueWeighted- Average Maturity in YearsWeighted- Average Yield(e)Held-to-MaturityU.S. Treasury and agencies$647 $641 1.63.00 %$1,296 $1,275 1.32.85 %Mortgage-backed securities(a)76,022 66,440 8.22.3177,094 64,753 8.82.19Other262 265 1.72.68244 247 2.22.73Total held-to-maturity$76,931 $67,346 8.12.31 %$78,634 $66,275 8.72.20 %Available-for-SaleU.S. Treasury and agencies$28,556 $27,068 4.32.54 %$30,467 $28,387 5.12.98 %Mortgage-backed securities(a)47,583 45,378 6.23.9444,238 40,638