Company: CMA
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000028412-25-000197
Chunk: 227

Company: COMERICA INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 8
Chunk 227
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 $21 million compared to December 31, 2024. These loans consisted primarily of owner-occupied commercial mortgages, which bear credit characteristics similar to non-commercial real estate business loans. Generally, loans previously reported as real estate construction are classified as commercial mortgage loans upon receipt of a certificate of occupancy.

The real estate construction loan portfolio primarily contains loans made to long-tenured customers with satisfactory completion experience. Criticized real estate construction loans in the Commercial Real Estate business line totaled $93 million at June 30, 2025 compared to $36 million at December 31, 2024. In other business lines, there were no criticized real estate construction loans at June 30, 2025 compared to $2 million at December 31, 2024. There were no net charge-offs of real estate construction loans for the three months ended June 30, 2025, compared to $7 million at March 31, 2025. For the six months ended June 30, 2025, real estate construction loan net charge-offs were $7 million, compared to none for the six months ended June 30, 2024.

Commercial mortgage loans are loans where the primary collateral is a lien on any real property and are primarily loans secured by owner-occupied real estate. Real property is generally considered primary collateral if the value of that collateral represents more than 50% of the commitment at loan approval. Loans in the commercial mortgage portfolio generally mature within three to five years. 

Criticized commercial mortgage loans in the Commercial Real Estate business line totaled $425 million and $379 million at June 30, 2025 and December 31, 2024, respectively. In other business lines, $657 million and $694 million of commercial mortgage loans were criticized at June 30, 2025 and December 31, 2024, respectively. For the three months ended June 30, 2025 and March 31, 2025, commercial mortgage net charge-offs were $2 million and $6 million, respectively, and $8 million for the six months ended June 30, 2025 compared to $5 million for the six months ended June 30, 2024.

56

Automotive Lending - Dealer

The following table presents a summary of automotive dealership loans.

June 30, 2025December 31, 2024(in millions)LoansOutstandingPercent ofTotal LoansLoansOutstandingPercent ofTotal Loans