Company: USB-PA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000036104-25-000064
Chunk: 85

Company: US BANCORP \DE\
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 85
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 Credit card318 74 39 431 Other retail87 14 6 107 Total loans$2,992 $112 $149 $3,253 2024Commercial$556 $55 $159 $770 Commercial real estate752 2 455 1,209 Residential mortgages(a)1,487 4 10 1,501 Credit card298 70 37 405 Other retail120 17 5 142 Total loans$3,213 $148 $666 $4,027 (a)At September 30, 2025, $410 million of loans 30-89 days past due and $288 million of loans 90 days or more past due purchased and that could be purchased from GNMA mortgage pools under delinquent loan repurchase options whose payments are insured by the Federal Housing Administration or guaranteed by the United States Department of Veterans Affairs, were classified as current, compared with $430 million and $265 million at September 30, 2024 respectively.

U.S. Bancorp49

The following table provides a summary of loans that defaulted (fully or partially charged-off or became 90 days or more past due) that were modified within twelve months prior to default:Three Months Ended September 30(Dollars in Millions)Interest Rate ReductionPayment DelayTerm ExtensionMultiple  Modifications(a)2025Commercial$10 $— $11 $— Commercial real estate— — — — Residential mortgages— — 1 1 Credit card34 — — — Other retail1 — 4 — Total loans, excluding loans purchased from GNMA mortgage pools45 — 16 1 Loans purchased from GNMA mortgage pools— 69 51 66 Total loans$45 $69 $67 $67 2024Commercial$8 $— $13 $— Commercial real estate— — 180 — Residential mortgages— 2 — 1 Credit card33 — — — Other retail1 — 5 — Total loans, excluding loans purchased from GNMA mortgage pools42 2 198 1 Loans purchased from GNMA mortgage pools— 97 50 54 Total loans$42 $99 $248 $55 Nine Months Ended September 30(Dollars in