Company: USB-PA
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000036104-25-000028
Chunk: 70

Company: US BANCORP \DE\
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 8
Chunk 70
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 7 30 4 43 .1 Total loans, excluding loans purchased from GNMA mortgage pools163 293 417 33 906 .2 Loans purchased from GNMA mortgage pools(b)— 380104123607.5 Total loans$163 $673 $521 $156 $1,513 .4 %2024Commercial$25 $— $328 $— $353 .3 %Commercial real estate— — 282 50 332 .6 Residential mortgages(b)— 20 5 2 27 — Credit card126 — — — 126 .5 Other retail3 1 38 — 42 .1 Total loans, excluding loans purchased from GNMA mortgage pools154 21 653 52 880 .2 Loans purchased from GNMA mortgage pools(b)1 490 68 93 652 .6 Total loans$155 $511 $721 $145 $1,532 .4 % (a)Includes $76 million of total loans receiving a payment delay and term extension, $65 million of total loans receiving an interest rate reduction and term extension and $15 million of total loans receiving an interest rate reduction, payment delay and term extension for the three months ended March 31, 2025, compared with $88 million, $53 million and $4 million for the three months ended March 31, 2024, respectively.(b)Percent of class total amounts expressed as a percent of total residential mortgage loan balances. Loan modifications included in the table above exclude trial period arrangements offered to customers and secured loans to consumer borrowers that have had debt discharged through bankruptcy where the borrower has not reaffirmed the debt during the periods presented. At March 31, 2025 the balance of loans modified in trial period arrangements was $163 million, while the balance of secured loans to consumer borrowers that have had debt discharged through bankruptcy was not material. The following table summarizes the effects of loan modifications made to borrowers on loans modified:Three Months Ended March 31Weighted-Average Interest Rate Reduction Weighted-Average Months of Term Extension2025Commercial(a)11.5 %6Commercial real estate2.1 7Residential mortgages1.4 92Credit card16.1 —Other retail5.3 26Loans purchased from GNMA mortgage