Company: CMA
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000028412-25-000197
Chunk: 226

Company: COMERICA INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 8
Chunk 226
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, as defined by management, individually represented less than 10% of total loans at June 30, 2025.

Commercial Real Estate Lending

At June 30, 2025, the Corporation's commercial real estate portfolio represented 36% of total loans. The following table summarizes the Corporation's commercial real estate loan portfolio by loan category.

June 30, 2025December 31, 2024(in millions)Commercial Real Estate business line (a)Other (b)TotalCommercial Real Estate business line (a)Other (b)TotalReal estate construction loans$3,214 $344 $3,558 $3,358 $322 $3,680 Commercial mortgage loans6,277 8,448 14,725 6,044 8,449 14,493 Total commercial real estate$9,491 $8,792 $18,283 $9,402 $8,771 $18,173 

(a)Primarily loans to real estate developers.

(b)Primarily loans secured by owner-occupied real estate.

The Corporation limits risk inherent in its commercial real estate lending activities by monitoring borrowers directly involved in the commercial real estate markets and adhering to conservative policies on loan-to-value ratios for such loans, which are based on third-party appraisals that are performed at the time of origination in accordance with regulatory requirements as well as generally at the time of renewal. Per Interagency guidelines, the Corporation may also require an updated appraisal or valuation when economic, financial or market conditions may have resulted in deterioration of the prior appraisal's property value conclusions. Commercial real estate loans, consisting of real estate construction and commercial mortgage loans, totaled $18.3 billion at June 30, 2025. Commercial real estate loans made to borrowers in the Commercial Real Estate business line, which includes loans to real estate developers, totaled $9.5 billion, or 52% of total commercial real estate loans, an increase of $89 million compared to December 31, 2024. 

The Commercial Real Estate business line at June 30, 2025 was predominantly secured by multi-family and industrial properties, comprising 49% and 29% of the Corporation's portfolio, respectively, with only 4% secured by office properties. Commercial real estate loans in other business lines totaled $8.8 billion, or 48% of total commercial real estate loans, at June 30, 2025, an increase of