Company: USB-PA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000036104-25-000055
Chunk: 69

Company: US BANCORP \DE\
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 69
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,484 36.7 Commercial Real EstateCommercial mortgages38,144 10.0 38,619 10.2 Construction and development10,037 2.7 10,240 2.7 Total commercial real estate48,181 12.7 48,859 12.9 Residential MortgagesResidential mortgages108,913 28.6 112,806 29.7 Home equity loans, first liens5,562 1.5 6,007 1.6 Total residential mortgages114,475 30.1 118,813 31.3 Credit Card30,023 7.9 30,350 8.0 Other RetailRetail leasing3,816 1.0 4,040 1.0 Home equity and second mortgages13,761 3.6 13,565 3.6 Revolving credit4,062 1.1 3,747 1.0 Installment14,220 3.7 14,373 3.8 Automobile4,289 1.1 6,601 1.7 Total other retail40,148 10.5 42,326 11.1 Total loans$380,243 100.0 %$379,832 100.0 %The Company had loans of $128.8 billion at June 30, 2025, and $127.6 billion at December 31, 2024, pledged at the FHLB, and loans of $90.3 billion at June 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 unamortized premiums and discounts on purchased loans amounted to $2.1 billion and $2.5 billion at June 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