Company: USB-PA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000036104-25-000064
Chunk: 195

Company: US BANCORP \DE\
Filing Date: 2025-11-05
Form: 10-Q
Chunk 195
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| Total other retail               |     |   |             40,219 |        |     |  10.5 |                  |   |            42,326 |        |     |  11.1 |                  |
| Total loans                      |     | $ |            382,517 |        |     | 100.0 | %                | $ |           379,832 |        |     | 100.0 | %                |

The Company had loans of $ 126.3billion at September 30, 2025, and $ 127.6billion at December 31, 2024, pledged at the FHLB, and loans of $ 89.6billion at September 30, 2025, and $ 85.1billion 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 unamortized premiums and discounts on purchased loans amounted to $ 2.0billion and $ 2.5billion at September 30, 2025 and December 31, 2024, respectively. The Company evaluates purchased loans for more-than-insignificant deterioration at the date of purchase in accordance with applicable authoritative accounting guidance. Purchased loans that have experienced more-than-insignificant deterioration from origination are considered purchased credit deteriorated loans. All other purchased loans are considered non-purchased credit deteriorated loans.

Allowance for Credit Losses The allowance for credit losses is established for current expected credit losses on the Company’s loan and lease portfolio, including unfunded credit commitments. The allowance considers expected losses for the remaining lives of the applicable assets, inclusive of expected recoveries. The allowance for credit losses is increased through provisions charged to earnings and reduced by net charge-offs. Management evaluates the appropriateness of the allowance for credit losses on a quarterly basis.

Multiple economic scenarios are considered over a three-yearreasonable and supportable forecast period, which includes increasing consideration of historical loss experience over years two and three. These economic scenarios are constructed with interrelated projections of multiple economic variables, and loss estimates are produced that consider the historical correlation of those economic variables with credit losses. After the forecast period, the Company fully reverts to long-term