Company: USB-PA
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000036104-25-000028
Chunk: 16

Company: US BANCORP \DE\
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 7
Chunk 16
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.50 Total loans.65 %.69 %

(a)Delinquent loan ratios exclude $2.5 billion at March 31, 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 2.40 percent at March 31, 2025, and 2.28 percent at December 31, 2024. 

U.S. Bancorp11

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)March 31,2025December 31,2024March 31,2025December 31,2024Residential Mortgages(a)30-89 days(b)$295 $188 .25 %.16 %90 days or more229 206 .19 .17 Nonperforming141 152 .12 .13 Total$665 $546 .56 %.46 %Credit Card30-89 days$382 $428 1.31 %1.41 %90 days or more409 435 1.40 1.43 Nonperforming— — — — Total$791 $863 2.71 %2.84 %Other RetailRetail Leasing30-89 days$20 $25 .51 %.62 %90 days or more2 2 .05 .05 Nonperforming7 7 .18 .17 Total$29 $34 .74 %.84 %Home Equity and Second Mortgages30-89 days$63 $61 .47 %.45 %90 days or more30 34 .22 .25 Nonperforming122 121 .90 .89 Total$215 $216 1.59 %1.59 %Other(c)30-89 days$124 $143 .52 %.58 %90 days or more25 28 .11