Company: USB-PA
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000036104-25-000028
Chunk: 19

Company: US BANCORP \DE\
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 7
Chunk 19
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5 and December 31, 2024. The ratio of total nonperforming assets to total loans and other real estate was 0.45 percent at March 31, 2025, compared with 0.48 percent at December 31, 2024. OREO was $23 million at March 31, 2025, compared with $21 million at December 31, 2024, and was related to foreclosed properties that previously secured loan balances. These balances exclude foreclosed GNMA loans whose repayments are primarily insured by the Federal Housing Administration or guaranteed by the United States Department of Veterans Affairs. 

U.S. Bancorp13

TABLE 6Nonperforming Assets(a)

(Dollars in Millions)March 31,2025December 31,2024CommercialCommercial$589 $644 Lease financing27 26 Total commercial616 670 Commercial Real EstateCommercial mortgages745 789 Construction and development35 35 Total commercial real estate780 824 Residential Mortgages(b)141 152 Credit Card— — Other RetailRetail leasing7 7 Home equity and second mortgages122 121 Other19 19 Total other retail148 147 Total nonperforming loans(1)1,685 1,793 Other Real Estate(c)23 21 Other Assets19 18 Total nonperforming assets$1,727 $1,832 Accruing loans 90 days or more past due(b)$796 $810 Period-end loans(2)$381,819 $379,832 Nonperforming loans to total loans(1)/(2).44 %.47 %Nonperforming assets to total loans plus other real estate(c).45 %.48 %

Changes in Nonperforming Assets 

(Dollars in Millions)Commercial and Commercial Real EstateResidential Mortgages, Credit Card and Other RetailTotalBalance December 31, 2024$1,494 $338 $1,832 Additions to nonperforming assetsNew nonaccrual loans and foreclosed properties210 43 253 Advances on loans7 — 7 Total additions217 43 260 Reductions in nonperforming assetsPaydowns, payoffs(199)(17)(216)Net sales— (4)(4)Return to performing status(5)(22)(27)Charge-offs(d)(110)(8)(118)