Company: USB-PA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000036104-25-000055
Chunk: 151

Company: US BANCORP \DE\
Filing Date: 2025-08-07
Form: 10-Q
Chunk 151
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 of U.S. treasury and mortgage-backed securities as a result of changes in interest rates. Gross unrealized losses on available-for-sale investment securities totaled $6.2 billion at June 30, 2025, compared with $6.9 billion at December 31, 2024. When evaluating credit losses, the Company considers various factors such as the nature of the investment security, the credit ratings or financial condition of the issuer, the extent of the unrealized loss, expected cash flows of the underlying collateral, the existence of any government or agency guarantees, and market conditions. At June 30, 2025, the Company had no plans to sell securities with unrealized losses, and believed it was more likely than not that it would not be required to sell such securities before recovery of their amortized cost.

Refer to Notes 3 and 14 in the Notes to Consolidated Financial Statements for further information on investment securities.

| U.S. Bancorp |     | 7 |

| TABLE 4 |     | Investment Securities |

|                                                       |     |   | June 30, 2025 |                |   |        |            |     |                                     |                            |      |   |   | December 31, 2024 |                |   |        |            |     |                                     |                            |      |   |
|:------------------------------------------------------|:----|:--|--------------:|:---------------|:--|-------:|:-----------|:----|------------------------------------:|:---------------------------|-----:|:--|:--|------------------:|:---------------|:--|-------:|:-----------|:----|------------------------------------:|:---------------------------|-----:|:--|
| (Dollars in Millions)                                 |     |   |               | Amortized Cost |   |        | Fair Value |     | Weighted- Average Maturity in Years | Weighted- Average Yield(e) |      |   |   |                   | Amortized Cost |   |        | Fair Value |     | Weighted- Average Maturity in Years | Weighted- Average Yield(e) |      |   |
| Held-to-Maturity                                      |     |   |               |                |   |        |            |     |                                     |                            |      |   |   |                   |                |   |        |            |     |                                     |                            |      |   |
| U.S. Treasury and agencies                            |     | $ |           647 |