Company: USB-PA
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000036104-25-000028
Chunk: 56

Company: US BANCORP \DE\
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 8
Chunk 56
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 contractually prohibited from prepayment at less than par, and the Company did not pay significant purchase premiums for these investment securities. At March 31, 2025, the Company had no plans to sell investment securities with unrealized losses, and believes it is more likely than not it would not be required to sell such investment securities before recovery of their amortized cost. During the three months ended March 31, 2025 and 2024, the Company did not purchase any investment securities that had more-than-insignificant credit deterioration. Predominately all of the Company’s held-to-maturity investment securities are U.S. Treasury and agencies securities and highly rated agency mortgage-backed securities that are guaranteed or otherwise supported by the United States government and have no history of credit losses. Accordingly the Company does not expect to incur any credit losses on held-to-maturity investment securities and has no allowance for credit losses recorded for these securities. 

36U.S. Bancorp

The following table provides information about the amortized cost, fair value and yield by maturity date of the investment securities outstanding at March 31, 2025: (Dollars in Millions)Amortized CostFair ValueWeighted-  Average Maturity in YearsWeighted-Average Yield(e) Held-to-MaturityU.S. Treasury and agenciesMaturing in one year or less$650 $649 0.12.71 %Maturing after one year through five years647 635 2.13.00 Maturing after five years through ten years— — — — Maturing after ten years— — — — Total$1,297 $1,284 1.12.85 %Mortgage-backed securities(a)Maturing in one year or less$144 $144 0.84.70 %Maturing after one year through five years2,010 2,017 3.54.47 Maturing after five years through ten years74,273 63,367 8.72.16 Maturing after ten years45 45 11.44.23 Total$76,472 $65,573 8.52.22 %OtherMaturing in one year or less$— $— $— — %Maturing after one year through five years239 242 2.22.68 Maturing after five years through ten years— — — — Maturing after ten