Company: KEY-PI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000091576-25-000058
Chunk: 27

Company: KEYCORP /NEW/
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 2
Chunk 27
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 all consumer loan categories and reflective of the intentional run-off of lower yielding loans.

25

The residential mortgage portfolio is comprised of loans originated by our Consumer Bank and is the largest segment of our consumer loan portfolio as of March 31, 2025, representing 62% of consumer loans outstanding. This is followed by our home equity portfolio representing 19% of consumer loans outstanding at March 31, 2025. 

We held the first lien position for approximately 65% of the home equity portfolio at March 31, 2025, and 65% at December 31, 2024. For loans with real estate collateral, we track borrower performance monthly. Regardless of the lien position, credit metrics are refreshed quarterly, including recent FICO scores as well as updated loan-to-value ratios. This information is used in establishing the ALLL. Our methodology is described in Note 1 (“Summary of Significant Accounting Policies”) under the heading “Allowance for Loan and Lease Losses” of our 2024 Form 10-K.

Figure 10 presents our consumer loans by geography.

Figure 10. Consumer Loans by State 

Dollars in millionsReal estate — residential mortgageHome equity loansOther consumer loansCredit cardsTotalMarch 31, 2025Washington$4,242 $901 $209 $84 $5,436 Ohio2,652 863 88 174 3,777 New York701 1,698 731 316 3,446 Colorado2,857 250 127 29 3,263 California2,164 13 429 3 2,609 Oregon1,185 518 89 40 1,832 Pennsylvania396 435 319 59 1,209 Florida725 38 374 12 1,149 Utah794 223 57 17 1,091 Connecticut674 217 101 28 1,020 Other3,232 998 2,476 149 6,855 Total$19,622 $6,154 $5,000 $911 $31,687 December 31, 2024Washington$4,312 $929 $214 $85 $5,540 Ohio2,662 895 111 197 3,865 New York723 1,756 737 330 3,546 Colorado2,891