Company: USB-PA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000036104-25-000064
Chunk: 69

Company: US BANCORP \DE\
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 69
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 September 30, 2025December 31, 2024(Dollars in Millions)AmountPercent of Total AmountPercent of Total CommercialCommercial$144,106 37.7 %$135,254 35.6 %Lease financing4,308 1.1 4,230 1.1 Total commercial148,414 38.8 139,484 36.7 Commercial Real EstateCommercial mortgages38,316 10.0 38,619 10.2 Construction and development9,928 2.6 10,240 2.7 Total commercial real estate48,244 12.6 48,859 12.9 Residential MortgagesResidential mortgages109,730 28.7 112,806 29.7 Home equity loans, first liens5,316 1.4 6,007 1.6 Total residential mortgages115,046 30.1 118,813 31.3 Credit Card30,594 8.0 30,350 8.0 Other RetailRetail leasing3,627 1.0 4,040 1.0 Home equity and second mortgages13,858 3.6 13,565 3.6 Revolving credit4,274 1.1 3,747 1.0 Installment14,592 3.8 14,373 3.8 Automobile3,868 1.0 6,601 1.7 Total other retail40,219 10.5 42,326 11.1 Total loans$382,517 100.0 %$379,832 100.0 %The Company had loans of $126.3 billion at September 30, 2025, and $127.6 billion at December 31, 2024, pledged at the FHLB, and loans of $89.6 billion at September 30, 2025, and $85.1 billion at December 31, 2024, pledged at the Federal Reserve Bank. Originated loans are reported at the principal amount outstanding, net of unearned interest and deferred fees and costs, and any partial charge-offs recorded. Purchased loans are recorded at fair value at the date of purchase. Net unearned interest and deferred fees and costs on originated loans and