Company: CMA
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000028412-25-000108
Chunk: 488

Company: COMERICA INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 16
Chunk 488
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 12 35 13 6 12 Manufacturing26 9 32 11 7 13 Retail Trade22 6 42 16 22 43 Utilities16 5 17 6 — — Services10 3 15 5 6 12 Wholesale Trade7 2 11 4 8 15 Arts, Entertainment & Recreation5 2 — — — — Management of Companies and Enterprises3 1 — — — — Mining, Quarrying and Oil & Gas Extraction— — — — (10)(20)Other (b)29 10 17 6 — — Total$308 100 %$280 100 %$52 100 %

(a)Based on an analysis of nonaccrual loans with book balances greater than $2 million.

(b)Other category includes other industry categories with smaller impacts, as well as consumer, excluding residential mortgage and certain personal purpose nonaccrual loans and net charge-offs.

Loans past due 90 days or more and still accruing interest generally represent loans that are well-collateralized and in the process of collection. Loans past due 90 days or more increased $24 million to $44 million at December 31, 2024, compared to $20 million at December 31, 2023. Loans past due 30-89 days increased $21 million to $219 million at December 31, 2024, compared to $198 million at December 31, 2023. Loans past due 30 days or more and still accruing interest as a percentage of total loans were 0.52 percent and 0.42 percent at December 31, 2024 and December 31, 2023, respectively. An aging analysis of loans included in Note 4 to the consolidated financial statements provides further information about the balances comprising past due loans.

The following table presents a summary of total criticized loans. The Corporation's criticized list is consistent with the Special Mention, Substandard and Doubtful categories defined by regulatory authorities. Criticized loans on nonaccrual status are individually subjected to quarterly credit quality reviews, and the Corporation may establish specific allowances for such loans. A table of loans by credit quality indicator included in Note 4 to the consolidated financial statements provides further information about the balances comprising total criticized loans.

(dollar amounts in