Company: USB-PA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000036104-25-000055
Chunk: 18

Company: US BANCORP \DE\
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 7
Chunk 18
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 delinquencies of borrowers impacted by the Los Angeles area wildfires.

U.S. Bancorp11

 TABLE 5Delinquent Loan Ratios as a Percent of Ending Loan Balances

90 days or more past dueJune 30,2025December 31,2024CommercialCommercial.06 %.07 %Lease financing— — Total commercial.06 .07 Commercial Real EstateCommercial mortgages.33 — Construction and development.09 .09 Total commercial real estate.28 .02 Residential Mortgages(a).28 .17 Credit Card1.24 1.43 Other RetailRetail leasing.05 .05 Home equity and second mortgages.19 .25 Other.10 .11 Total other retail.13 .15 Total loans.25 %.21 %90 days or more past due and nonperforming loansJune 30,2025December 31,2024Commercial.45 %.55 %Commercial real estate1.86 1.70 Residential mortgages(a).40 .30 Credit card1.24 1.43 Other retail.51 .50 Total loans.68 %.69 %

(a)Delinquent loan ratios exclude $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 whose repayments are primarily insured by the Federal Housing Administration or guaranteed by the United States Department of Veterans Affairs. Including these loans, the ratio of residential mortgages 90 days or more past due and nonperforming to total residential mortgages was 2.31 percent at June 30, 2025, and 2.28 percent at December 31, 2024. 

12U.S. Bancorp

The following table provides summary delinquency information for residential mortgages, credit card and other retail loans included in the consumer lending segment: 

AmountAs a Percent of Ending Loan Balances(Dollars in Millions)June 30,2025December 31,2024June 30,2025December 31,2024Residential Mortgages(a)30-89 days$171 $188 .15 %.16 %90 days or more318 206 .28 .17 Nonperforming145 152 .