Company: USB-PA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000036104-25-000055
Chunk: 73

Company: US BANCORP \DE\
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 73
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247 Less recoveries of loans charged-off(60)(15)(11)(84)(51)(221)Net loan charge-offs (recoveries)259 57 (4)611 103 1,026 Balance at end of period$2,180 $1,596 $836 $2,498 $824 $7,934 The decrease in the allowance for credit losses at June 30, 2025, compared with December 31, 2024, was primarily driven by the impact of loan portfolio sales during the second quarter of 2025, along with improved credit quality and portfolio mix. 

42U.S. Bancorp

The following table provides a summary of loans charged-off by portfolio class and year of origination: Three Months Ended June 30 (Dollars in Millions)CommercialCommercial Real EstateResidential  MortgagesCredit Card(a)Other RetailTotal Loans2025Originated in 2025$10 $— $— $— $— $10 Originated in 202427 25 — — 12 64 Originated in 20239 7 — — 14 30 Originated in 20227 35 1 — 11 54 Originated in 20215 — 1 — 10 16 Originated prior to 202116 1 2 — 8 27 Revolving81 6 — 373 22 482 Total charge-offs$155 $74 $4 $373 $77 $683 2024Originated in 2024$3 $36 $— $— $— $39 Originated in 202326 2 — — 11 39 Originated in 202266 — 1 — 14 81 Originated in 20217 — — — 10 17 Originated in 20202 — — — 5 7 Originated prior to 202011 — 2 — 8 21 Revolving65 — — 358 25 448 Total charge-offs$180 $38 $3 $358 $73 $652 Six Months Ended June 30 (Dollars in Millions)CommercialCommercial  Real EstateResidential  MortgagesCredit Card(a)Other