Company: USB-PA
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000036104-25-000028
Chunk: 72

Company: US BANCORP \DE\
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 8
Chunk 72
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 prior twelve months, by portfolio class and delinquency status: (Dollars in Millions)  Current30-89 Days Past Due90 Days or More Past DueTotal2025Commercial$472 $18 $130 $620 Commercial real estate755 13 238 1,006 Residential mortgages(a)1,414 3 7 1,424 Credit card310 68 38 416 Other retail107 16 6 129 Total loans$3,058 $118 $419 $3,595 2024Commercial$498 $16 $83 $597 Commercial real estate712 2 281 995 Residential mortgages(a)1,509 17 15 1,541 Credit card275 67 34 376 Other retail130 18 7 155 Total loans$3,124 $120 $420 $3,664 (a)At March 31, 2025, $322 million of loans 30-89 days past due and $289 million of loans 90 days or more past due purchased and that could be purchased from GNMA mortgage pools under delinquent loan repurchase options whose payments are insured by the Federal Housing Administration or guaranteed by the United States Department of Veterans Affairs, were classified as current, compared with $333 million and $198 million at March 31, 2024 respectively.

44U.S. Bancorp

The following table provides a summary of loans that defaulted (fully or partially charged-off or became 90 days or more past due) that were modified within twelve months prior to default:Three Months Ended March 31(Dollars in Millions)Interest Rate ReductionPayment DelayTerm ExtensionMultiple  Modifications(a)2025Commercial$9 $— $16 $— Commercial real estate— — — — Residential mortgages— 1 — — Credit card35 — — — Other retail1 — 4 — Total loans, excluding loans purchased from GNMA mortgage pools45 1 20 — Loans purchased from GNMA mortgage pools— 84 34 70 Total loans$45 $85 $54 $70 2024Commercial$6 $— $— $— Commercial real estate— — — — Residential mortgages— 5 3 2