Company: USB-PA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000036104-25-000064
Chunk: 21

Company: US BANCORP \DE\
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 7
Chunk 21
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performing assets to total loans and other real estate was 0.43 percent at September 30, 2025, compared with 0.48 percent at December 31, 2024. OREO was $23 million at September 30, 2025, compared with $21 million at December 31, 2024, and was related to foreclosed properties that previously secured loan balances. These balances exclude foreclosed GNMA loans whose repayments are primarily insured by the Federal Housing Administration or guaranteed by the United States Department of Veterans Affairs. 

14U.S. Bancorp

TABLE 6Nonperforming Assets(a)

(Dollars in Millions)September 30,2025December 31,2024CommercialCommercial$708 $644 Lease financing25 26 Total commercial733 670 Commercial Real EstateCommercial mortgages558 789 Construction and development21 35 Total commercial real estate579 824 Residential Mortgages(b)143 152 Credit Card— — Other RetailRetail leasing6 7 Home equity and second mortgages130 121 Other19 19 Total other retail155 147 Total nonperforming loans(1)1,610 1,793 Other Real Estate(c)23 21 Other Assets21 18 Total nonperforming assets$1,654 $1,832 Accruing loans 90 days or more past due(b)$840 $810 Period-end loans(2)$382,517 $379,832 Nonperforming loans to total loans(1)/(2).42 %.47 %Nonperforming assets to total loans plus other real estate(c).43 %.48 %

Changes in Nonperforming Assets 

(Dollars in Millions)Commercial and Commercial Real EstateResidential Mortgages, Credit Card and Other RetailTotalBalance December 31, 2024$1,494 $338 $1,832 Additions to nonperforming assetsNew nonaccrual loans and foreclosed properties1,055 130 1,185 Advances on loans56 1 57 Total additions1,111 131 1,242 Reductions in nonperforming assetsPaydowns, payoffs(790)(36)(826)Net sales(38)(17)(55)Return to performing status(83)(55)(138)Charge-offs(d)(382)(19)(401)Total reductions(1,293)(