Company: USB-PA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000036104-25-000055
Chunk: 119

Company: US BANCORP \DE\
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 119
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.(e)Approximately $52 million, $(1.0) billion and $6 million included in mortgage banking revenue, capital markets revenue and other noninterest income, respectively.(f)Approximately $17 million, $(19) million and $6 million included in mortgage banking revenue, capital markets revenue and other noninterest income, respectively.(g)Approximately $104 million, $(202) million and $(83) million included in mortgage banking revenue, capital markets revenue and other noninterest income, respectively.(h)Approximately $21 million, $1.4 billion and $(83) million included in mortgage banking revenue, capital markets revenue and other noninterest income, respectively.(i)Approximately $96 million, $(2.7) billion and $(69) million included in mortgage banking revenue, capital markets revenue and other noninterest income, respectively.(j)Approximately $17 million, $(624) million and $(69) million included in mortgage banking revenue, capital markets revenue and other noninterest income, respectively.The Company is also required periodically to measure certain other financial assets at fair value on a nonrecurring basis. These measurements of fair value usually result from the application of lower-of-cost-or-fair value accounting or write-downs of individual assets. The following table summarizes the balances as of the measurement date of assets measured at fair value on a nonrecurring basis, and still held as of the reporting date: June 30, 2025December 31, 2024(Dollars in Millions)Level 1Level 2Level 3TotalLevel 1Level 2Level 3TotalLoans(a)$— $— $587 $587 $— $— $636 $636 Other assets(b)— — 16 16 — — 25 25 (a)Represents the carrying value of loans for which adjustments were based on the fair value of the collateral, excluding loans fully charged-off.(b)Primarily represents the fair value of foreclosed properties that were measured at fair value based on an appraisal or broker price opinion of the collateral subsequent to their initial acquisition. The following table summarizes losses recognized related to nonrecurring fair value measurements of individual assets or portfolios: Three Months Ended June 30Six Months Ended June 30(Dollars in Millions)2025202420252024Loans(a)$99 $96 $198 $163 Other assets(b)1 1