Company: USB-PA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000036104-25-000055
Chunk: 86

Company: US BANCORP \DE\
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 86
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$— $— $— Commercial real estate— — 24 — Residential mortgages— 13 4 3 Credit card59 — — — Other retail1 1 10 — Total loans, excluding loans purchased from GNMA mortgage pools73 14 38 3 Loans purchased from GNMA mortgage pools— 96 43 57 Total loans$73 $110 $81 $60 (a)Includes $29 million of total loans receiving a payment delay and term extension, $20 million of total loans receiving an interest rate reduction and term extension, and $4 million of total loans receiving an interest rate reduction, payment delay and term extension for the three months ended June 30, 2025, compared with $29 million of total loans receiving a payment delay and term extension and $1 million of total loans receiving an interest rate reduction and term extension for the three months ended June 30, 2024. Includes $54 million of total loans receiving a payment delay and term extension, $33 million of total loans receiving an interest rate reduction and term extension, and $5 million of total loans receiving an interest rate reduction, payment delay and term extension for the six months ended June 30, 2025, compared with $58 million, $1 million and $1 million  for the six months ended June 30, 2024, respectively.

 As of June 30, 2025 the Company had $438 million of commitments to lend additional funds to borrowers whose terms of their outstanding owed balances have been modified. 

50U.S. Bancorp

NOTE 5Accounting for Transfers and Servicing of Financial Assets and Variable Interest EntitiesThe Company transfers financial assets in the normal course of business. The majority of the Company’s financial asset transfers are residential mortgage loan sales primarily to GSEs, transfers of tax-advantaged investments, commercial loan sales through participation agreements, and other individual or portfolio loan and securities sales. In accordance with the accounting guidance for asset transfers, the Company considers any ongoing involvement with transferred assets in determining whether the assets can be derecognized from the balance sheet. Guarantees provided to certain third parties in connection with the transfer of assets are further discussed in Note 15.For loans sold under participation agreements, the Company also considers whether the terms of the loan participation agreement meet the accounting definition of a participating interest. With the exception of servicing and certain performance-based guarantees,