Company: CMA
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000028412-25-000197
Chunk: 128

Company: COMERICA INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 1
Chunk 128
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gageLoans% ofTotalHomeEquityLoans% ofTotalGeographic market:Michigan$614 32  %$405 23  %$576 30  %$420 23  %California878 45 929 51 889 46 931 52 Texas277 14 366 21 273 14 365 20 Other Markets185 9 81 5 191 10 86 5 Total$1,954 100  %$1,781 100  %$1,929 100  %$1,802 100  %

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Residential real estate loans, which consist of traditional residential mortgages and home equity loans and lines of credit, totaled $3.7 billion at June 30, 2025. The residential real estate portfolio is principally located within the Corporation's primary geographic markets. Substantially all residential real estate loans past due 90 days or more are placed on nonaccrual status, and substantially all junior lien home equity loans that are current or less than 90 days past due are placed on nonaccrual status if full collection of the senior position is in doubt. At no later than 180 days past due, such loans are charged off to current appraised values less costs to sell. 

Residential mortgages totaled $2.0 billion at June 30, 2025, and were primarily large, variable-rate mortgages originated and retained for certain private banking relationship customers. Of the $2.0 billion of residential mortgage loans outstanding, $42 million were on nonaccrual status at June 30, 2025, an increase of $5 million compared to December 31, 2024. The home equity portfolio totaled $1.8 billion at June 30, 2025, of which 95% was outstanding under primarily variable-rate, interest-only home equity lines of credit and 5% were in amortizing status. Of the $1.8 billion of home equity loans outstanding, $28 million were on nonaccrual status at June 30, 2025. A majority of the home equity portfolio was secured by junior liens at June 30, 2025. 

Energy Lending

The Corporation has a portfolio of Energy loans that are included entirely in commercial loans in the Consolidated Balance Sheets. Customers in the Corporation's Energy business line are engaged in exploration and production (E&P) and mid