Company: USB-PA
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000036104-25-000028
Chunk: 14

Company: US BANCORP \DE\
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 7
Chunk 14
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 of relevant automated valuation model and/or home price indices values, or lack of necessary valuation data on acquired loans. The following tables provide summary information of residential mortgages and home equity and second mortgages by LTV at March 31, 2025:Residential Mortgages (Dollars in Millions)Interest OnlyAmortizingTotalPercent of TotalLoan-to-ValueLess than or equal to 80%$13,721 $90,870 $104,591 88.0 %Over 80% through 90%291 5,466 5,757 4.8 Over 90% through 100%41 1,015 1,056 .9 Over 100%19 431 450 .4 No LTV available— 6 6 — Loans purchased from GNMA mortgage pools(a)— 7,047 7,047 5.9 Total$14,072 $104,835 $118,907 100.0 %(a)Represents loans purchased and loans that could be purchased from Government National Mortgage Association (“GNMA”) mortgage pools under delinquent loan repurchase options whose payments are primarily insured by the Federal Housing Administration or guaranteed by the United States Department of Veterans Affairs. Home Equity and Second Mortgages (Dollars in Millions)LinesLoansTotalPercent of TotalLoan-to-Value / Combined Loan-to-ValueLess than or equal to 80%$10,210 $2,536 $12,746 94.1 %Over 80% through 90%456 135 591 4.4 Over 90% through 100%90 17 107 .8 Over 100%70 5 75 .6 No LTV/CLTV available20 1 21 .1 Total$10,846 $2,694 $13,540 100.0 %Credit card and other retail loans are diversified across customer segments and geographies. Diversification in the credit card portfolio is achieved with broad customer relationship distribution through the Company’s and financial institution partners’ branches, retail and affinity partners, and digital channels. The following table provides a summary of the Company’s credit card loan balances disaggregated based upon updated credit score at March 31, 2025: Percent of Total(a)Credit score > 66087 %Credit score < 66013 No credit score—