Company: KEY-PI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000091576-25-000058
Chunk: 211

Company: KEYCORP /NEW/
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 8
Chunk 211
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19,886 Home equity loans6,232 26 8 3 89 126 6,358 Other consumer loans5,129 15 9 9 5 38 5,167 Credit cards928 6 5 12 7 30 958 Total consumer loans$32,055 $67 $30 $24 $193 $314 $32,369 Total loans$103,206 $120 $86 $90 $758 $1,054 $104,260 (a)Amounts in table represent amortized cost and exclude loans held for sale.(b)Accrued interest of $456 million presented in “Accrued income and other assets” on the Consolidated Balance Sheets is excluded from the amortized cost basis disclosed in this table.(c)Includes balances of $75 million in Commercial mortgage and $7 million in Real estate - residential mortgage associated with loans sold to GNMA that are 90 days or more past due where Key has the right but not the obligation to repurchase and whose payments are insured by the Federal Housing Administration or guaranteed by the United States Department of Veteran Affairs.(d)Net of unearned income, net of deferred fees and costs, and unamortized discounts and premiums.At March 31, 2025, the carrying amount of our commercial nonperforming loans outstanding represented 69% of their original contractual amount owed, total nonperforming loans outstanding represented 75% of their original contractual amount owed, and nonperforming assets in total were carried at 78% of their original contractual amount owed.Nonperforming loans reduced expected interest income by $13 million for the three months ended March 31, 2025, and $13 million for the three months ended March 31, 2024.The amortized cost basis of nonperforming loans on nonaccrual status for which there is no related allowance for credit losses was $423 million at March 31, 2025 and $381 million at December 31, 2024. As of March 31, 2025, 39% of our nonperforming loans were contractually current versus 43% as of December 31, 2024.

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Collateral-dependent Financial AssetsWe classify financial assets as collateral-dependent when our borrower is experiencing financial difficulty, and we expect repayment to be provided substantially through the operation or sale of the collateral. Our commercial loans have collateral that includes