Company: KEY-PI
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000091576-25-000038
Chunk: 238

Company: KEYCORP /NEW/
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 238
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 our Consumer Bank and is the largest segment of our consumer loan portfolio as of December 31, 2024, representing approximately 61% of consumer loans. This is followed by our home equity portfolio comprising approximately 20% of consumer loans outstanding at year end. 

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We held the first lien position for approximately 65% of the home equity portfolio at December 31, 2024, and 64% at December 31, 2023. 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”. 

Figure 11 presents our consumer loans by geography.

Figure 11. Consumer Loans by State

Dollars in millionsReal estate — residential mortgageHome equity loansConsumer direct loansCredit cardsTotalDecember 31, 2024Washington$4,312 $929 $214 $85 $5,540 Ohio2,662 895 111 197 3,865 New York723 1,756 737 330 3,546 Colorado2,891 258 131 30 3,310 California2,191 12 442 3 2,648 Oregon1,195 532 92 40 1,859 Pennsylvania403 449 333 60 1,245 Florida733 41 384 13 1,171 Utah805 232 56 18 1,111 Connecticut684 223 105 28 1,040 Other3,287 1,031 2,562 154 7,034 Total$19,886 $6,358 $5,167 $958 $32,369 December 31, 2023Washington$4,520 $1,020 $227 $88 $5,855 Ohio2,704 1,029 251 203 4,187 New York805 1,993 775 347 3,920 Colorado3,001 277 149 32 3,459 California2,294 14 500 3 2,811 Oregon1,269 585 108