Company: USB-PA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000036104-25-000055
Chunk: 22

Company: US BANCORP \DE\
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 7
Chunk 22
---
).44 %.48 %

Changes in Nonperforming Assets 

(Dollars in Millions)Commercial and Commercial Real EstateResidential Mortgages, Credit Card and Other RetailTotalBalance December 31, 2024$1,494 $338 $1,832 Additions to nonperforming assetsNew nonaccrual loans and foreclosed properties679 97 776 Advances on loans11 — 11 Total additions690 97 787 Reductions in nonperforming assetsPaydowns, payoffs(586)(23)(609)Net sales(21)(13)(34)Return to performing status(15)(44)(59)Charge-offs(d)(223)(14)(237)Total reductions(845)(94)(939)Net additions to (reductions in) nonperforming assets(155)3 (152)Balance June 30, 2025$1,339 $341 $1,680 

(a)Throughout this document, nonperforming assets and related ratios do not include accruing loans 90 days or more past due.

(b)Excludes $2.2 billion at June 30, 2025, and $2.3 billion at December 31, 2024, of loans purchased and loans that could be purchased from GNMA mortgage pools under delinquent loan repurchase options that are 90 days or more past due that continue to accrue interest, as their repayments are primarily insured by the Federal Housing Administration or guaranteed by the United States Department of Veterans Affairs.

(c)Foreclosed GNMA loans of $55 million at June 30, 2025, and $46 million at December 31, 2024, continue to accrue interest and are recorded as other assets and excluded from nonperforming assets because they are insured by the Federal Housing Administration or guaranteed by the United States Department of Veterans Affairs.

(d)Charge-offs exclude actions for certain card products and loan sales that were not classified as nonperforming at the time the charge-off occurred.

U.S. Bancorp15

TABLE 7Net Charge-offs as a Percent of Average Loans Outstanding

Three Months Ended June 3020252024(Dollars in Millions)Average Loan BalanceNet    Charge-offsPercentAverage Loan BalanceNet       Charge-offsPercentCommercialCommercial$139,606 $122 .35 %$130,162 $135 .42 %Lease financing4,211 6 .57