Company: CMA
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000028412-25-000154
Chunk: 215

Company: COMERICA INC
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 8
Chunk 215
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 nonaccrual loans to borrowers involved with automotive production at both March 31, 2025 and December 31, 2024. There were no automotive production loan net charge-offs during the three months ended March 31, 2025, December 31, 2024 or March 31, 2024.

Residential Real Estate Lending

At March 31, 2025, residential real estate loans represented 7 percent of total loans. The following table summarizes the Corporation's residential mortgage and home equity loan portfolios by geographic market.

March 31, 2025December 31, 2024(dollar amounts in millions)ResidentialMortgageLoans% ofTotalHomeEquityLoans% ofTotalResidentialMortgageLoans% ofTotalHomeEquityLoans% ofTotalGeographic market:Michigan$599 31 %$410 23 %$576 30 %$420 23 %California865 45 928 52 889 46 931 52 Texas266 14 365 20 273 14 365 20 Other Markets186 10 83 5 191 10 86 5 Total$1,916 100 %$1,786 100 %$1,929 100 %$1,802 100 %

Residential real estate loans, which consist of traditional residential mortgages and home equity loans and lines of credit, totaled $3.7 billion at March 31, 2025. The residential real estate portfolio is principally located within the Corporation's primary geographic markets. Substantially all residential real estate loans past due 90 days or more are placed on nonaccrual status, and substantially all junior lien home equity loans that are current or less than 90 days past due are placed on nonaccrual 

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status if full collection of the senior position is in doubt. At no later than 180 days past due, such loans are charged off to current appraised values less costs to sell. 

Residential mortgages totaled $1.9 billion at March 31, 2025, and were primarily large, variable-rate mortgages originated and retained for certain private banking relationship customers. Of the $1.9 billion of residential mortgage loans outstanding, $35 million were on nonaccrual status at March 31, 2025, a decrease of $2 million compared to December 31, 2024. The home