Company: USB-PA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000036104-25-000064
Chunk: 86

Company: US BANCORP \DE\
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 86
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 Millions)Interest Rate  ReductionPayment DelayTerm ExtensionMultiple  Modifications(a)2025Commercial$29 $— $22 $— Commercial real estate36 — — — Residential mortgages— — 1 4 Credit card103 — — — Other retail2 — 13 — Total loans, excluding loans purchased from GNMA mortgage pools170 — 36 4 Loans purchased from GNMA mortgage pools— 108 71 104 Total loans$170 $108 $107 $108 2024Commercial$20 $— $13 $— Commercial real estate— — 204 — Residential mortgages— 12 3 4 Credit card92 — — — Other retail2 1 15 — Total loans, excluding loans purchased from GNMA mortgage pools114 13 235 4 Loans purchased from GNMA mortgage pools— 154 80 94 Total loans$114 $167 $315 $98 (a)Includes $34 million of total loans receiving a payment delay and term extension, $30 million of total loans receiving an interest rate reduction and term extension, and $3 million of total loans receiving an interest rate reduction, payment delay and term extension for the three months ended September 30, 2025, compared with $49 million, $5 million, and $1 million for the three months ended September 30, 2024, respectively. Includes $59 million of total loans receiving a payment delay and term extension, $44 million of total loans receiving an interest rate reduction and term extension, and $5 million of total loans receiving an interest rate reduction, payment delay and term extension for the nine months ended September 30, 2025, compared with $91 million, $6 million and $1 million for the nine months ended September 30, 2024, respectively.

 As of September 30, 2025 the Company had $368 million of commitments to lend additional funds to borrowers whose terms of their outstanding owed balances have been modified. 

50U.S. Bancorp

NOTE 5Accounting for Transfers and Servicing of Financial Assets and Variable Interest EntitiesThe Company transfers financial assets in the normal course of business. The majority of the Company’s financial asset transfers are residential mortgage loan sales primarily to GSEs, transfers of tax-advantaged investments, commercial