Company: USB-PA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000036104-25-000064
Chunk: 117

Company: US BANCORP \DE\
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 117
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4,924 Long-term debt— 1,408 — — 1,408 Derivative liabilities82 4,874 2,013 (3,838)3,131 Short-term borrowings and other liabilities(a)752 1,840 — — 2,592 Total$834 $13,046 $2,013 $(3,838)$12,055 December 31, 2024     Available-for-sale securities     U.S. Treasury and agencies$23,891 $4,496 $— $— $28,387 Mortgage-backed securities     Residential agency— 33,281 — — 33,281 Commercial     Agency— 7,351 — — 7,351 Non-agency— 6 — — 6 Asset-backed securities— 7,165 — — 7,165 Obligations of state and political subdivisions— 9,552 — — 9,552 Other— 250 — — 250 Total available-for-sale23,891 62,101 — — 85,992 Mortgage loans held for sale— 2,251 — — 2,251 Mortgage servicing rights— — 3,369 — 3,369 Derivative assets27 5,208 1,202 (2,979)3,458 Other assets420 1,769 — — 2,189 Total$24,338 $71,329 $4,571 $(2,979)$97,259 Time deposits$— $5,754 $— $— $5,754 Long-term debt— 391 — — 391 Derivative liabilities27 5,131 3,002 (2,949)5,211 Short-term borrowings and other liabilities(a)475 1,460 — — 1,935 Total$502 $12,736 $3,002 $(2,949)$13,291 Note:  Excluded from the table above are equity investments without readily determinable fair values. The Company has elected to carry these investments at historical cost, adjusted for impairment and any changes resulting from observable price changes for identical or similar investments of the issuer