Company: USB-PA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000036104-25-000064
Chunk: 74

Company: US BANCORP \DE\
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 74
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8 Originated prior to 202010 2 2 — 6 20 Revolving70 — — 347 27 444 Total charge-offs$165 $80 $3 $347 $74 $669 Nine Months Ended September 30 (Dollars in Millions)CommercialCommercial Real EstateResidential MortgagesCredit Card(a)Other RetailTotal Loans2025Originated in 2025$24 $— $— $— $3 $27 Originated in 202474 43 — — 34 151 Originated in 202350 55 — — 48 153 Originated in 202252 99 2 — 35 188 Originated in 202114 1 1 — 33 49 Originated prior to 202133 5 8 — 25 71 Revolving224 6 — 1,103 70 1,403 Total charge-offs$471 $209 $11 $1,103 $248 $2,042 2024Originated in 2024$13 $80 $— $— $6 $99 Originated in 202368 21 — — 34 123 Originated in 2022132 47 2 — 39 220 Originated in 202123 — — — 30 53 Originated in 20209 1 — — 17 27 Originated prior to 202031 3 8 — 25 67 Revolving208 — — 1,042 77 1,327 Total charge-offs$484 $152 $10 $1,042 $228 $1,916 Note:  Year of origination is based on the origination date of a loan, or for existing loans the date when the maturity date, pricing or commitment amount is amended. Predominantly all current year and near term loan origination years for gross charge-offs relate to existing loans that have had recent maturity date, pricing or commitment amount amendments.(a)Predominantly all credit card loans are considered revolving loans. Includes an immaterial amount of charge-offs related to revolving converted to term loans.Credit Quality The credit quality of the Company’s loan portfolios is assessed as