Company: KEY-PI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000091576-25-000110
Chunk: 188

Company: KEYCORP /NEW/
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 188
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 391 Held-to-maturity securities:Agency residential collateralized mortgage obligations184 1 3,300 223 3,484 224 Agency residential mortgage-backed securities— — 129 15 129 15 Agency commercial mortgage-backed securities — — 2,033 165 2,033 165 Asset-backed securities— — 170 3 170 3 Other securities— — 6 — 6 — Total securities in an unrealized loss position$10,706 $133 $21,330 $3,240 $32,036 $3,373 December 31, 2024Securities available for sale:U.S. Treasury, agencies, and corporations$3,647 $8 $508 $36 $4,155 $44 Agency residential collateralized mortgage obligations91 — 8,108 2,193 8,199 2,193 Agency residential mortgage-backed securities11,364 254 3,145 618 14,509 872 Agency commercial mortgage-backed securities 50 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