Company: CFG-PE
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000759944-25-000013
Chunk: 241

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-02-13
Form: 10-K
Item: Item 5
Chunk 241
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ross Unrealized LossesFair ValueGross Unrealized LossesU.S. Treasury and other$49 $— $3,245 ($139)$3,294 ($139)Mortgage-backed securities:Federal agencies and U.S. government sponsored entities2,939 (24)16,398 (1,833)19,337 (1,857)Other/non-agency— — 255 (24)255 (24)Total mortgage-backed securities2,939 (24)16,653 (1,857)19,592 (1,881)Collateralized loan obligations56 — 607 (3)663 (3)Total$3,044 ($24)$20,505 ($1,999)$23,549 ($2,023)The Company does not currently have the intent to sell these debt securities, and it is not more likely than not that the Company will be required to sell these debt securities prior to recovery of their amortized cost bases. The Company determined that credit losses are not expected to be incurred on the AFS debt securities identified with unrealized losses as of December 31, 2024. The unrealized losses on these debt securities reflect non-credit-related factors driven by changes in interest rates. Therefore, the Company determined that these debt securities are not impaired.