Company: CMA
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000028412-25-000108
Chunk: 486

Company: COMERICA INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 16
Chunk 486
---
55 9 68 1.63 8 Total loans690 1.37 %100 %$688 1.32 %100 %Allowance for credit losses on lending-related commitmentsBusiness commitments28 31 Retail commitments7 9 Total commitments35 40 Allowance for credit losses$725 1.44 %$728 1.40 %

(a)Allocated allowance as a percentage of related loans outstanding.

(b)Loans outstanding as a percentage of total loans. 

For additional information regarding the allowance for credit losses, refer to the "Critical Accounting Estimates" section of this financial review and Notes 1 and 4 to the consolidated financial statements.

Nonperforming Assets

Nonperforming assets include loans on nonaccrual status and foreclosed assets. 

F-22

The following table presents a summary of nonperforming assets and past due loans.

Summary of Nonperforming Assets and Past Due Loans

(dollar amounts in millions)December 3120242023Total nonperforming loans and nonperforming assets$308 $178 Nonaccrual loans as a percentage of total loans0.61 %0.34 %Nonperforming loans as a percentage of total loans0.61 0.34 Nonperforming assets as a percentage of total loans and foreclosed property0.61 0.34 Loans past due 90 days or more and still accruing$44 $20 

Nonperforming assets increased $130 million to $308 million at December 31, 2024, from $178 million at December 31, 2023. The increase in nonperforming assets primarily reflected increases of $106 million in nonaccrual business loans and $24 million in nonaccrual retail loans. Nonperforming loans were 0.61 percent of total loans at December 31, 2024, compared to 0.34 percent at December 31, 2023. For further information regarding the composition of nonaccrual loans, refer to Note 4 to the consolidated financial statements.

The following table presents a summary of changes in nonaccrual loans.

(in millions)Years Ended December 3120242023Balance at beginning of period$178 $240 Loans transferred to nonaccrual (a)280 94 Nonaccrual loan gross charge-offs(95)(62)Loans transferred to accrual status (a)(