Company: USB-PA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000036104-25-000055
Chunk: 19

Company: US BANCORP \DE\
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 7
Chunk 19
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13 .13 Total$634 $546 .55 %.46 %Credit Card30-89 days$371 $428 1.24 %1.41 %90 days or more372 435 1.24 1.43 Nonperforming— — — — Total$743 $863 2.47 %2.84 %Other RetailRetail Leasing30-89 days$20 $25 .52 %.62 %90 days or more2 2 .05 .05 Nonperforming7 7 .18 .17 Total$29 $34 .76 %.84 %Home Equity and Second Mortgages30-89 days$47 $61 .34 %.45 %90 days or more26 34 .19 .25 Nonperforming127 121 .92 .89 Total$200 $216 1.45 %1.59 %Other(b)30-89 days$106 $143 .47 %.58 %90 days or more23 28 .10 .11 Nonperforming20 19 .09 .08 Total$149 $190 .66 %.77 %

(a)Excludes $558 million of loans 30-89 days past due and $2.2 billion of loans 90 days or more past due at June 30, 2025, purchased and that could be purchased from GNMA mortgage pools under delinquent loan repurchase options that continue to accrue interest, compared with $660 million and $2.3 billion at December 31, 2024, respectively. 

(b)Includes revolving credit, installment and automobile loans. 

Modified Loans In certain circumstances, the Company may modify the terms of a loan to maximize the collection of amounts due when a borrower is experiencing financial difficulties or is expected to experience difficulties in the near-term. In most cases the modification is either a concessionary reduction in interest rate, extension of the maturity date or other concessionary modification of loan terms that would otherwise not be considered. Modified loans accrue interest if the borrower complies with the revised terms and conditions and has demonstrated repayment performance at a level commensurate with the modified terms over several payment cycles, which is generally six months or greater. The Company continues to work with borrowers who are experiencing financial difficulties to modify their loans