Company: USB-PA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000036104-25-000055
Chunk: 81

Company: US BANCORP \DE\
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 81
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 a borrower is experiencing financial difficulties or is expected to experience difficulties in the near-term. The Company recognizes interest on modified loans if full collection of contractual principal and interest is expected. The effects of modifications on credit loss expectations, such as improved payment capacity, longer expected lives and other factors, are considered when measuring the allowance for credit losses. Modification performance, including redefault rates and how these compare to historical losses, are also considered. Modifications generally do not result in significant changes to the Company’s allowance for credit losses.The following table provides a summary of period-end balances of loans modified during the periods presented, by portfolio class and modification granted: Three Months Ended June 30 (Dollars in Millions)Interest Rate ReductionPayment DelayTerm ExtensionMultiple  Modifications(a)Total ModificationsPercent of Class Total 2025Commercial$24 $— $158 $69 $251 .2 %Commercial real estate— — 283 — 283 .6 Residential mortgages(b)— 77 3 12 92 .1 Credit card123 — — — 123 .4 Other retail2 4 25 3 34 .1 Total loans, excluding loans purchased from GNMA mortgage pools149 81 469 84 783 .2 Loans purchased from GNMA mortgage pools(b)— 375138172685.6 Total loans$149 $456 $607 $256 $1,468 .4 %2024Commercial$23 $— $253 $— $276 .2 %Commercial real estate78 — 391 7 476 .9 Residential mortgages(b)— 9 7 6 22 — Credit card116 — — — 116 .4 Other retail2 — 33 1 36 .1 Total loans, excluding loans purchased from GNMA mortgage pools219 9 684 14 926 .2 Loans purchased from GNMA mortgage pools(b)— 474 109 122 705 .6 Total loans$219 $483 $793 $136 $1,631 .4 %Six Months Ended June 30 (Dollars in Millions)Interest Rate  ReductionPayment  DelayTerm  ExtensionMultiple  Modifications(a)Total  ModificationsPercent of  Class Total2025Commercial$46 $2 $260 $87