Company: USB-PA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000036104-25-000064
Chunk: 201

Company: US BANCORP \DE\
Filing Date: 2025-11-05
Form: 10-Q
Chunk 201
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   147 |     |   |  42,326 |       |
| Total loans              |     | $        | 375,950 |         | $          | 1,279 |     | $             | 810 |     | $                | 1,793 |     | $ | 379,832 |       |

(a) At September 30, 2025, $ 626million of loans 30–89 days past due and $ 2.4billion of loans 90 days or more past due purchased and that could be purchased from GNMA mortgage pools under delinquent loan repurchase options whose repayments are insured by the Federal Housing Administration or guaranteed by the United States Department of Veterans Affairs, were classified as current, compared with $ 660million and $ 2.3billion at December 31, 2024, respectively.

(b) Substantially all nonperforming loans at September 30, 2025 and December 31, 2024, had an associated allowance for credit losses. The Company recognized interest income on nonperforming loans of $ 4million and $ 5million for the three months ended September 30, 2025 and 2024, respectively, and $ 14million and $ 16million for the nine months ended September 30, 2025 and 2024, respectively

| 44 |     | U.S. Bancorp |

The amount of foreclosed residential real estate held by the Company, and included in OREO, was $ 23million and $ 21million at September 30, 2025 and December 31, 2024, respectively. These amounts excluded $ 63million and $ 46million at September 30, 2025 and December 31, 2024, respectively, of foreclosed residential real estate related to mortgage loans whose payments are primarily insured by the Federal Housing Administration or guaranteed by the United States Department of Veterans Affairs. In addition, the amount of residential mortgage loans secured by residential real estate in the process of foreclosure at September 30, 2025 and December 31, 2024, was $ 593million and $ 576million, respectively, of which $ 365million and $ 354million, respectively, related to loans purchased and that could be purchased from GNMA mortgage pools under delinquent loan repurchase options whose repayments are insured by the Federal Housing Administration or guaranteed by the United States Department of Veterans Affairs