Company: KEY-PI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000091576-25-000110
Chunk: 259

Company: KEYCORP /NEW/
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 8
Chunk 259
---
1 4,360 516 4,410 517 Held-to-maturity securities:Agency residential collateralized mortgage obligations569 18 3,387 314 3,956 332 Agency residential mortgage-backed securities— — 134 17 134 17 Agency commercial mortgage-backed securities — — 2,060 203 2,060 203 Asset-backed securities— — 300 8 300 8 Other securities7 — 8 1 15 1 Total securities in an unrealized loss position$15,728 $281 $22,010 $3,906 $37,738 $4,187 Based on our evaluation at June 30, 2025, an allowance for credit losses has not been recorded nor have unrealized losses been recognized into income. The issuers of the securities are of high credit quality and have a history of no credit losses, management does not intend to sell, and it is likely that management will not be required to sell the securities prior to their anticipated recovery, and the decline in fair value is largely attributed to changes in interest rates and other market conditions. The security issuers continue to make timely principal and interest payments.For the three months ended June 30, 2025, we had no gross realized gains or losses from the sale of securities available for sale. For the three months ended June 30, 2024, we recognized no gross realized gains and $10 million in gross realized losses from the sale of securities available for sale.For the six months ended June 30, 2025, we had no gross realized gains or losses from the sale of securities available for sale. For the six months ended June 30, 2024, we recognized no gross realized gains and $13 million in gross realized losses from the sale of securities available for sale.At June 30, 2025 and December 31, 2024, securities available for sale and held-to-maturity securities totaling $20.0 billion and $19.1 billion, respectively, were pledged to secure securities sold under repurchase agreements, to secure public and trust deposits, to facilitate access to secured funding, and for other purposes required or permitted by law.The following table shows our securities by remaining maturity at June 30, 2025. CMOs, other mortgage-backed securities, and asset-backed securities in the available for sale portfolio and held-to-maturity portfolio are presented based on their expected average