Company: CMA
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000028412-25-000197
Chunk: 30

Company: COMERICA INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 2
Chunk 30
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 is generally considered primary collateral if the value of that collateral represents more than 50% of the commitment at loan approval. Loans in the commercial mortgage portfolio generally mature within three to five years. 

Criticized commercial mortgage loans in the Commercial Real Estate business line totaled $425 million and $379 million at June 30, 2025 and December 31, 2024, respectively. In other business lines, $657 million and $694 million of commercial mortgage loans were criticized at June 30, 2025 and December 31, 2024, respectively. For the three months ended June 30, 2025 and March 31, 2025, commercial mortgage net charge-offs were $2 million and $6 million, respectively, and $8 million for the six months ended June 30, 2025 compared to $5 million for the six months ended June 30, 2024.

56

Automotive Lending - Dealer

The following table presents a summary of automotive dealership loans.

June 30, 2025December 31, 2024(in millions)LoansOutstandingPercent ofTotal LoansLoansOutstandingPercent ofTotal LoansDealer:Floor plan$2,249 $2,279 Other 3,192 3,234 Total dealer$5,441 10.6  %$5,513 10.9  %

Substantially all dealer loans are in the National Dealer Services business line and primarily include floor plan financing and other loans to automotive dealerships. Floor plan loans, included in commercial loans in the Consolidated Balance Sheets, totaled $2.2 billion at June 30, 2025, a decrease of $30 million compared to $2.3 billion at December 31, 2024. At both June 30, 2025 and December 31, 2024, other loans to automotive dealers in the National Dealer Service business line totaled $3.2 billion, including $1.8 billion of owner-occupied commercial real estate mortgage loans for both June 30, 2025 and December 31, 2024.

There were no nonaccrual dealer loans at both June 30, 2025 and December 31, 2024. Additionally, there were no net charge-offs of dealer loans during the three months ended June 30, 2025 and March 31, 2025, nor during the six months ended June 30