Company: USB-PA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000036104-25-000055
Chunk: 17

Company: US BANCORP \DE\
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 7
Chunk 17
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 80%$10,432 $2,700 $13,132 95.4 %Over 80% through 90%403 99 502 3.7 Over 90% through 100%58 13 71 .5 Over 100%33 4 37 .3 No LTV/CLTV available18 1 19 .1 Total$10,944 $2,817 $13,761 100.0 %Credit card and other retail loans are diversified across customer segments and geographies. Diversification in the credit card portfolio is achieved with broad customer relationship distribution through the Company’s and financial institution partners’ branches, retail and affinity partners, and digital channels. The following table provides a summary of the Company’s credit card loan balances disaggregated based upon updated credit score at June 30, 2025: Percent of Total(a)Credit score > 66087 %Credit score < 66013 No credit score— (a)Credit score distribution excludes loans serviced by others.   Loan Delinquencies Trends in delinquency ratios are an indicator, among other considerations, of credit risk within the Company’s loan portfolios. The entire balance of a loan account is considered delinquent if the minimum payment contractually required to be made is not received by the date specified on the billing statement. Delinquent loans purchased and loans that could be purchased from GNMA mortgage pools under delinquent loan repurchase options, whose repayments are primarily insured by the Federal Housing Administration or guaranteed by the United States Department of Veterans Affairs, are excluded from delinquency statistics. Accruing loans 90 days or more past due totaled $966 million at June 30, 2025, compared with $810 million at December 31, 2024. Accruing loans 90 days or more past due are not included in nonperforming assets and continue to accrue interest because they are adequately secured by collateral, are in the process of collection and are reasonably expected to result in repayment or restoration to current status, or are managed in homogeneous portfolios with specified charge-off timeframes adhering to regulatory guidelines. The ratio of accruing loans 90 days or more past due to total loans was 0.25 percent at June 30, 2025, compared with 0.21 percent at December 31, 2024. Accruing loans 90 days or more past due include loan