Company: CMA
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000028412-25-000108
Chunk: 559

Company: COMERICA INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 16
Chunk 559
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 activities, or activities in the same geographic region, and have similar economic characteristics that would cause them to be similarly impacted by changes in economic or other conditions. Concentrations of both on-balance sheet and off-balance sheet credit risk are controlled and monitored as part of credit policies. The Corporation is a regional financial services holding company with a geographic concentration of its on-balance-sheet and off-balance-sheet activities in five primary geographic markets - Texas, California, Michigan, Arizona and Florida - and secondarily in several mountain, southeastern and other states, and in Canada and Mexico.  At December 31, 2024, the Corporation's concentration of credit risk with the commercial real estate industry, which includes a portfolio of real estate construction and commercial mortgage loans, represented 36 percent of total loans. The following table summarizes the Corporation's commercial real estate loan portfolio by loan category.(in millions)  December 3120242023Real estate construction loans:Commercial Real Estate business line (a)$3,358 $4,570 Other business lines (b)322 513 Total real estate construction loans3,680 5,083 Commercial mortgage loans:Commercial Real Estate business line (a)6,044 4,727 Other business lines (b)8,449 8,959 Total commercial mortgage loans14,493 13,686 Total commercial real estate loans$18,173 $18,769 Total unused commitments on commercial real estate loans$3,130 $4,382 (a)Primarily loans to real estate developers.(b)Primarily loans secured by owner-occupied real estate.The Corporation also has a concentration of credit risk with the automotive industry, which represented 12 percent of total loans at December 31, 2024. Outstanding loans, included in commercial loans on the Consolidated Balance Sheets, and total exposure (outstanding loans, unused commitments and standby letters of credit) to companies related to the automotive industry were as follows:(in millions)  December 3120242023Automotive loans:Production$764 $848 Dealer5,513 6,191 Total automotive loans$6,277 $7,039 Total automotive exposure:Production$1,661 $1,744 Dealer8,675 10,418 Total automotive exposure$10,336 $12,162 

NOTE 6 - PREMISES AND EQUIPMENT

A summary of premises and equipment by major category follows:(in