Company: USB-PA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000036104-25-000064
Chunk: 202

Company: US BANCORP \DE\
Filing Date: 2025-11-05
Form: 10-Q
Chunk 202
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The Company classifies its loan portfolio classes using internal credit quality ratings on a quarterly basis. These ratings include pass, special mention and classified, and are an important part of the Company’s overall credit risk management process and evaluation of the allowance for credit losses. Loans with a pass rating represent those loans not classified on the Company’s rating scale for problem credits, as minimal credit risk has been identified. Special mention loans are those loans that have a potential weakness deserving management’s close attention. Classified loans are those loans where a well-defined weakness has been identified that may put full collection of contractual cash flows at risk. It is possible that others, given the same information, may reach different reasonable conclusions regarding the credit quality rating classification of specific loans.

| U.S. Bancorp |     | 45 |

The following table provides a summary of loans by portfolio class and the Company’s internal credit quality rating:

|                               |     | September 30, 2025 |         |      |            |       |     |               |       |     |            |        |     |   |         |       | December 31, 2024 |         |      |            |       |     |               |        |     |            |        |     |   |         |       |
|:------------------------------|:----|:-------------------|--------:|:-----|:-----------|------:|:----|:--------------|------:|:----|:-----------|-------:|:----|:--|--------:|:------|:------------------|--------:|:-----|:-----------|------:|:----|:--------------|-------:|:----|:-----------|-------:|:----|:--|--------:|:------|
|                               |     |                    |         |      | Criticized |       |     |               |       |     |            |        |     |   |         |       |                   |         |      | Criticized |       |     |               |        |     |            |        |     |   |         |       |
| (Dollars in Millions)         |     |                    |         | Pass | Special    
 Mention    |       |     | Classified(a) |       |     | Total      
 Criticized |        |     |   |         | Total |                   |         | Pass | Special    
 Mention    |       |     | Classified(a) |        |     | Total      
 Criticized |        |     |   |