Company: USB-PA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000036104-25-000064
Chunk: 63

Company: US BANCORP \DE\
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 63
---
’s held-to-maturity investment securities are carried at historical cost, adjusted for amortization of premiums and accretion of discounts. The Company’s available-for-sale investment securities are carried at fair value with unrealized net gains or losses reported within accumulated other comprehensive income (loss) in shareholders’ equity. The amortized cost, gross unrealized holding gains and losses, and fair value of held-to-maturity and available-for-sale investment securities were as follows:  September 30, 2025December 31, 2024(Dollars in Millions)Amortized Cost Unrealized GainsUnrealized Losses Fair ValueAmortized CostUnrealized GainsUnrealized Losses Fair ValueHeld-to-MaturityU.S. Treasury and agencies$647 $— $(6)$641 $1,296 $— $(21)$1,275 Mortgage-backed securitiesResidential agency74,326 61 (9,663)64,724 75,392 3 (12,317)63,078 Commercial agency1,696 22 (2)1,716 1,702 — (27)1,675 Other262 3 — 265 244 3 — 247 Total held-to-maturity$76,931 $86 $(9,671)$67,346 $78,634 $6 $(12,365)$66,275 Available-for-SaleU.S. Treasury and agencies$28,556 $10 $(1,498)$27,068 $30,467 $1 $(2,081)$28,387 Mortgage-backed securitiesResidential agency38,921 245 (1,489)37,677 35,558 13 (2,290)33,281 CommercialAgency8,655 — (961)7,694 8,673 — (1,322)7,351 Non-agency7 — — 7 7 — (1)6 Asset-backed securities6,842 23 — 6,865 7,136 30 (1)7,165 Obligations of state and political subdivisions10,571 14 (1,099)9,486 10,690 13 (1,151)9,552 Other265 3 — 268 249