Company: KEY-PI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000091576-25-000110
Chunk: 174

Company: KEYCORP /NEW/
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 174
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 Real estate — residential mortgage14 2 — 16 Home equity loans10 — 1 11 Other consumer loans5 — — 5 Credit cards4 — — 4 Total consumer loans$33 $2 $1 $36 Total loans$426 $65 $25 $516 The following table presents the amortized cost as of June 30, 2024, of loans modified during the 12 months then ended, by aging.As of June 30, 2024Current30-89 Days Past Due90 and GreaterDays Past DueTotalDollars in millionsLOAN TYPECommercial and Industrial$134 $10 $2 $146 Commercial real estateCommercial mortgage11 28 3 42 Construction30 — — 30 Total commercial real estate loans175 38 5 218 Commercial lease financing— — — — Total commercial loans175 38 5 218 Real estate — residential mortgage10 — — 10 Home equity loans9 1 1 11 Other consumer loans3 1 — 4 Credit cards4 — — 4 Total consumer loans$26 $2 $1 $29 Total loans$201 $40 $6 $247 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. 

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Changes in the liability for credit losses on lending-related commitments are summarized as follows: Three months ended June 30,Six months ended June 30,Dollars in millions2025202420252024Balance at beginning of period$278 $281 $290 $296 Provision (credit) for losses on lending-related commitments19 4 7 (10)Other— 1 — — Balance at end of period$297 $286 $297 $286 

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