Company: USB-PA
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000036104-25-000028
Chunk: 166

Company: US BANCORP \DE\
Filing Date: 2025-05-06
Form: 10-Q
Chunk 166
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 weighted-average yield of 3.67percent.

(c) Information related to obligations of state and political subdivisions is presented based upon yield to first optional call date if the security is purchased at a premium, and yield to maturity if the security is purchased at par or a discount.

(d) Maturity calculations for obligations of state and political subdivisions are based on the first optional call date for securities with a fair value above par and the contractual maturity date for securities with a fair value equal to or below par.

(e) Weighted-average yields for obligations of state and political subdivisions are presented on a fully-taxable equivalent basis based on a federal income tax rate of 21percent. Yields on investment securities are computed based on amortized cost balances, excluding any premiums or discounts recorded related to the transfer of investment securities at fair value from available-for-sale to held-to-maturity.

(f) Amortized cost excludes portfolio level basis adjustments of $ 204million.

| U.S. Bancorp |     | 37 |

| NOTE 4 |     | Loans and Allowance for Credit Losses |

The composition of the loan portfolio, by class and underlying specific portfolio type, was as follows:

|                                  |     |   | March 31, 2025 |        |     |       |                  |   | December 31, 2024 |        |     |       |                  |
|:---------------------------------|:----|:--|---------------:|:-------|:----|------:|:-----------------|:--|------------------:|:-------|:----|------:|:-----------------|
| (Dollars in Millions)            |     |   |                | Amount |     |       | Percent of Total |   |                   | Amount |     |       | Percent of Total |
| Commercial                       |     |   |                |        |     |       |                  |   |                   |        |     |       |                  |
| Commercial                       |     | $ |        139,840 |        |     |  36.6 | %                | $ |           135,254 |        |     |  35.6 | %                |
| Lease financing                  |     |   |          4,241 |        |     |   1.1 |                  |   |             4,230 |        |     |   1.1 |                  |
| Total commercial                 |     |   |        144,081 |        |     |