Company: CMA
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000028412-25-000108
Chunk: 554

Company: COMERICA INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 16
Chunk 554
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rual loans. Special mention loans have potential credit weaknesses that deserve management’s close attention, such as loans to borrowers who may be experiencing financial difficulties that may result in deterioration of repayment prospects from the borrower at some future date. Accruing substandard loans have a well-defined weakness, or weaknesses, such as loans to borrowers who may be experiencing losses from operations or inadequate liquidity of a degree and duration that jeopardizes the orderly repayment of the loan. Substandard loans are also distinguished by the distinct possibility of loss in the future if these weaknesses are not corrected. Nonaccrual loans are loans for which the accrual of interest has been discontinued. For further information regarding nonaccrual loans, refer to the Nonperforming Assets subheading in Note 1 - Basis of Presentation and Accounting Policies. These categories are generally consistent with the "special mention" and "substandard" categories as defined by regulatory authorities. A minority of nonaccrual loans are consistent with the "doubtful" category.

F-64

Table of ContentsNOTES TO CONSOLIDATED FINANCIAL STATEMENTSComerica Incorporated and Subsidiaries

Loan interest receivable totaled $266 million and $313 million at December 31, 2024 and 2023, respectively, and was included in accrued income and other assets on the Consolidated Balance Sheets.Allowance for Credit LossesThe following table details the changes in the allowance for credit losses. 202420232022(in millions)Business LoansRetail LoansTotalBusiness LoansRetail LoansTotalBusiness LoansRetail LoansTotalYears Ended December 31,Balance at beginning of period:Allowance for loan losses$620 $68 $688 $541 $69 $610 $531 $57 $588 Allowance for credit losses on lending-related commitments31 9 40 40 11 51 24 6 30 Allowance for credit losses651 77 728 581 80 661 555 63 618 Loan charge-offs(93)(2)(95)(59)(3)(62)(65)(3)(68)Recoveries on loans previously charged-off41 2 43 38 2 40 47 4 51 Net loan (charge-offs) recoveries(52)— (52)(21)(1)(22)(18)1 (17)Provision for credit losses:Provision for loan losses57 (3)54 100 — 100 28