Company: USB-PA
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000036104-25-000028
Chunk: 15

Company: US BANCORP \DE\
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 7
Chunk 15
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 (a)Credit score distribution excludes loans serviced by others.   Loan Delinquencies Trends in delinquency ratios are an indicator, among other considerations, of credit risk within the Company’s loan portfolios. The entire balance of a loan account is considered delinquent if the minimum payment contractually required to be made is not received by the date specified on the billing statement. Delinquent loans purchased and loans that could be purchased from GNMA mortgage pools under delinquent loan repurchase options, whose repayments are primarily insured by the Federal Housing Administration or guaranteed by the United States Department of Veterans Affairs, are excluded from delinquency statistics. Accruing loans 90 days or more past due totaled $796 million at March 31, 2025, compared with $810 million at December 31, 2024. Accruing loans 90 days or more past due are not included in nonperforming assets and continue to accrue interest because they are adequately secured by collateral, are in the process of collection and are reasonably expected to result in repayment or restoration to current status, or are managed in homogeneous portfolios with specified charge-off timeframes adhering to regulatory guidelines. The ratio of accruing loans 90 days or more past due to total loans was 0.21 percent at March 31, 2025 and December 31, 2024. 

10U.S. Bancorp

 TABLE 5Delinquent Loan Ratios as a Percent of Ending Loan Balances

90 days or more past dueMarch 31,2025December 31,2024CommercialCommercial.07 %.07 %Lease financing— — Total commercial.07 .07 Commercial Real EstateCommercial mortgages— — Construction and development.05 .09 Total commercial real estate.01 .02 Residential Mortgages(a).19 .17 Credit Card1.40 1.43 Other RetailRetail leasing.05 .05 Home equity and second mortgages.22 .25 Other.11 .11 Total other retail.14 .15 Total loans.21 %.21 %90 days or more past due and nonperforming loansMarch 31,2025December 31,2024Commercial.49 %.55 %Commercial real estate1.62 1.70 Residential mortgages(a).31 .30 Credit card1.40 1.43 Other retail.50