Company: USB-PA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000036104-25-000064
Chunk: 194

Company: US BANCORP \DE\
Filing Date: 2025-11-05
Form: 10-Q
Chunk 194
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 4.96 | % |
| Maturing after one year through five years            |     |           |    156 |     |            |    159 |     |                    |   |  2.3 |                           | 4.54 |   |
| Maturing after five years through ten years           |     |           |      — |     |            |      — |     |                    | — |      |                           |    — |   |
| Maturing after ten years                              |     |           |      — |     |            |      — |     |                    | — |      |                           |    — |   |
| Total                                                 |     | $         |    265 |     | $          |    268 |     |                    |   |  1.6 |                           | 4.71 | % |
| Total available-for-sale(b)(f)                        |     | $         | 93,817 |     | $          | 89,065 |     |                    |   |  6.0 |                           | 3.59 | % |

(a) Information related to asset and mortgage-backed securities included above is presented based upon weighted-average maturities that take into account anticipated future prepayments.

(b) The weighted-average maturity of total held-to-maturity investment securities was 8.7years at December 31, 2024, with a corresponding weighted-average yield of 2.20percent. The weighted-average maturity of total available-for-sale investment securities was 6.8years at December 31, 2024, with a corresponding weighted-average yield of 3.67percent.

(c) Information related to obligations of state and political subdivisions is presented based upon yield to first optional call date if the security is purchased at a premium, and yield to maturity if the security is purchased at par or a discount.

(d) Maturity calculations for obligations of state and political subdivisions are based on the first optional call date for securities with a fair value above par and the contractual maturity date for securities with a fair value equal to or below par.

(e) Weighted-average yields for obligations of state and political subdivisions are presented on a fully-taxable equivalent basis based on a federal income tax rate of 21percent. Yields on investment securities are computed based on amortized cost balances, excluding any premiums or discounts recorded related to the transfer of investment securities at fair value from available-for-sale to held-to-maturity.

(f) Amortized cost excludes portfolio level basis