Company: USB-PA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000036104-25-000055
Chunk: 76

Company: US BANCORP \DE\
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 76
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 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)TotalJune 30, 2025Commercial$146,424 $325 $92 $575 $147,416 Commercial real estate47,172 113 133 763 48,181 Residential mortgages(a)113,841 171 318 145 114,475 Credit card29,280 371 372 — 30,023 Other retail39,770 173 51 154 40,148 Total loans$376,487 $1,153 $966 $1,637 $380,243 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 June 30, 2025, $558 million of loans 30–89 days past due and $2.2 billion of loans 90 days or more past due purchased and that could be purchased from GNMA mortgage pools under delinquent loan repurchase options whose repayments are insured by the Federal Housing Administration or guaranteed by the United States Department of Veterans Affairs, were classified as current, compared with $660 million and $2.3 billion at December 31, 2024