Company: CMA
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000028412-25-000108
Chunk: 558

Company: COMERICA INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 16
Chunk 558
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1— Consumer:Home equity117.0(3.97)Total consumer117.0(3.97)Total retail loans102.2 (3.97)Total loans15.9 (2.20)Year Ended December 31, 2023Business loans:Commercial10.4(2.01)%Real estate construction:Other business lines (a)9.3— Total real estate construction9.3— Commercial mortgage:Other business lines (a)17.6(0.68)Total commercial mortgage17.6(0.68)Total business loans11.7(1.35)Retail loans:Consumer:Home equity145.4(3.01)Total consumer145.4(3.01)Total retail loans145.4(3.01)Total loans13.1(1.49)%(a)Primarily loans secured by owner-occupied real estate.During the year ended December 31, 2024, modifications to borrowers experiencing financial difficulty included restructurings with other-than-insignificant payment delays of $4 million in the Commercial category, $2 million in the International category and $3 million in the Home Equity category, compared to $6 million in the Commercial category at December 31, 2023.On an ongoing basis, the Corporation monitors the performance of modified loans related to their restructured terms. Of the loans restructured during the year, $10 million were past due at December 31, 2024 compared to all being current at December 31, 2023. Nonperforming restructured loans are classified as nonaccrual loans and are individually evaluated in the allowance for loan losses.For restructured loans, a subsequent payment default is defined in terms of delinquency, when a principal or interest payment is 90 days past due or classified into nonaccrual status during the reporting period. Of the loans restructured during the 12 month period ended December 31, 2024, there were $13 million of Commercial loans that subsequently defaulted. There were no subsequent defaults as of December 31, 2023 of loans restructured during that 12 month period.

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Table of ContentsNOTES TO CONSOLIDATED FINANCIAL STATEMENTSComerica Incorporated and Subsidiaries

NOTE 5 - SIGNIFICANT GROUP CONCENTRATIONS OF CREDIT RISK

Concentrations of credit risk may exist when a number of borrowers are engaged in similar