Company: USB-PA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000036104-25-000055
Chunk: 29

Company: US BANCORP \DE\
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 7
Chunk 29
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 25 49 51 Total recoveries129 114 272 221 Net Charge-OffsCommercialCommercial122 135 281 244 Lease financing6 8 10 15 Total commercial128 143 291 259 Commercial real estateCommercial mortgages57 35 52 50 Construction and development— 1 1 7 Total commercial real estate57 36 53 57 Residential mortgages(1)(4)(1)(4)Credit card317 315 642 611 Other retailRetail leasing10 3 23 8 Home equity and second mortgages— (1)(1)(1)Other43 46 94 96 Total other retail53 48 116 103 Total net charge-offs554 538 1,101 1,026 Provision for credit losses501 568 1,038 1,121 Balance at end of period$7,862 $7,934 $7,862 $7,934 ComponentsAllowance for loan losses$7,537 $7,549 Liability for unfunded credit commitments325 385 Total allowance for credit losses(1)$7,862 $7,934 Period-end loans(2)$380,243 $376,133 Nonperforming loans(3)1,637 1,810 Allowance for Credit Losses as a Percentage ofPeriod-end loans(1)/(2)2.07 %2.11 %Nonperforming loans(1)/(3)480 438 Nonperforming and accruing loans 90 days or more past due302 316 Nonperforming assets468 428 Annualized net charge-offs354 367 

U.S. Bancorp19

Residual Value Risk Management The Company manages its risk to changes in the residual value of leased vehicles, office and business equipment, and other assets through disciplined residual valuation at the inception of a lease, diversification of its leased assets, regular residual asset valuation reviews and monitoring of residual value gains or losses upon the disposition of assets. As of June 30, 2025, no significant change in the amount of residual values or concentration of the portfolios had occurred since December 31, 2024. Refer to “Management’s Discussion and Analysis — Residual Value Risk Management” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024,