Company: USB-PA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000036104-25-000064
Chunk: 72

Company: US BANCORP \DE\
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 72
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 entire allowance for credit losses is available for the entire loan portfolio. 

U.S. Bancorp41

Activity in the allowance for credit losses by portfolio class was as follows: Three Months Ended September 30 (Dollars in Millions)CommercialCommercial Real EstateResidential MortgagesCredit CardOther RetailTotal Loans2025Balance at beginning of period$2,239 $1,384 $757 $2,665 $817 $7,862 AddProvision for credit losses111 46 28 311 75 571 DeductLoans charged-off129 110 3 344 83 669 Less recoveries of loans charged-off(37)(7)(4)(60)(25)(133)Net loan charge-offs (recoveries)92 103 (1)284 58 536 Balance at end of period$2,258 $1,327 $786 $2,692 $834 $7,897 2024Balance at beginning of period$2,180 $1,596 $836 $2,498 $824 $7,934 AddProvision for credit losses155 49 (36)349 40 557 DeductLoans charged-off165 80 3 347 74 669 Less recoveries of loans charged-off(18)(10)(6)(48)(23)(105)Net loan charge-offs (recoveries)147 70 (3)299 51 564 Balance at end of period$2,188 $1,575 $803 $2,548 $813 $7,927 Nine Months Ended September 30 (Dollars in Millions)CommercialCommercial Real EstateResidential MortgagesCredit CardOther RetailTotal Loans2025Balance at beginning of period$2,175 $1,508 $783 $2,640 $819 $7,925 AddProvision for credit losses466 (25)1 978 189 1,609 DeductLoans charged-off471 209 11 1,103 248 2,042 Less recoveries of loans charged-off(88)(53)(13)(177)(74)(405)Net loan charge-offs (recoveries)383 156 (2)926 174 1,637 Balance at end of period$2,258 $1,327 $786 $2,