Company: KEY-PI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001628280-25-048757
Chunk: 244

Company: KEYCORP /NEW/
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 8
Chunk 244
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1 1 11 Other consumer loans6 — — 6 Credit cards3 — — 3 Total consumer loans$30 $2 $1 $33 Total loans$410 $8 $13 $431 

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The following table presents the amortized cost as of September 30, 2024, of loans modified during the 12 months then ended, by aging.As of September 30, 2024Current30-89 Days Past Due90 and GreaterDays Past DueTotalDollars in millionsLOAN TYPECommercial and Industrial$132 $18 $3 $153 Commercial real estateCommercial mortgage189 — 31 220 Construction27 — — 27 Total commercial real estate loans348 18 34 400 Commercial lease financing— — — — Total commercial loans$348 $18 $34 $400 Real estate — residential mortgage$9 $3 $— $12 Home equity loans9 1 1 11 Other consumer loans3 — — 3 Credit cards4 — — 4 Total consumer loans$25 $4 $1 $30 Total loans$373 $22 $35 $430 Liability for Credit Losses on Lending-related CommitmentsThe liability for credit losses on lending-related commitments is included in “accrued expense and other liabilities” on the balance sheet. This includes credit risk for recourse associated with loans sold under the Fannie Mae Delegated Underwriting and Servicing program and credit losses inherent in unfunded lending-related commitments, such as letters of credit and unfunded loan commitments, and certain financial guarantees. Changes in the liability for credit losses on lending-related commitments are summarized as follows: Three months ended September 30,Nine months ended September 30,Dollars in millions2025202420252024Balance at beginning of period$297 $286 $290 $296 Provision (credit) for losses on lending-related commitments(5)(6)2 (16)Balance at end of period$292 $280 $292 $280 

5. Fair Value MeasurementsIn accordance with GAAP, Key measures certain assets and liabilities at fair value. Fair value is defined as the price to sell an asset or transfer a liability in an orderly transaction between market participants in the principal market of the