Company: USB-PA
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000036104-25-000028
Chunk: 199

Company: US BANCORP \DE\
Filing Date: 2025-05-06
Form: 10-Q
Chunk 199
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 Value Option

The following table summarizes the differences between the aggregate fair value carrying amount of the assets and liabilities for which the fair value option has been elected and the aggregate remaining contractual principal balance outstanding:

|                       |     |   | March 31, 2025 |                            |   |       |                                   |   |     |                                                                |   | December 31, 2024 |                            |   |       |                                   |   |     |                                                                |
|:----------------------|:----|:--|---------------:|:---------------------------|:--|------:|:----------------------------------|:--|----:|:---------------------------------------------------------------|:--|------------------:|:---------------------------|:--|------:|:----------------------------------|:--|----:|:---------------------------------------------------------------|
| (Dollars in Millions) |     |   |                | Fair Value Carrying Amount |   |       | Contractual Principal Outstanding |   |     | Carrying Amount Over (Under) Contractual Principal Outstanding |   |                   | Fair Value Carrying Amount |   |       | Contractual Principal Outstanding |   |     | Carrying Amount Over (Under) Contractual Principal Outstanding |
| Total loans(a)        |     | $ |          1,704 |                            | $ | 1,695 |                                   | $ |   9 |                                                                | $ |             2,251 |                            | $ | 2,243 |                                   | $ |   8 |                                                                |
| Time deposits         |     |   |          6,506 |                            |   | 6,517 |                                   |   | -11 |                                                                |   |             5,754 |                            |   | 5,762 |                                   |   |  -8 |                                                                |
| Long-term debt        |     |   |            645 |                            |   |   664 |                                   |   | -19 |                                                                |   |               391 |                            |   |   409 |                                   |   | -18 |                                                                |

(a) I ncludes nonaccrual loans of $ 1million carried at fair value with contractual principal outstanding of $ 1million at March 31, 2025 and $ 1million carried at fair value with contractual principal outstanding of $ 1million at December 31, 2024. Includes loans 90 days or more past due of $ 5million carried at fair value with contractual principal outstanding of $ 5million at March