Company: KEY-PI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001628280-25-048757
Chunk: 108

Company: KEYCORP /NEW/
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 2
Chunk 108
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— 1 25 Total held-to-maturity securities$7,509 $13 358 $7,164 $7,395 $3 $561 $6,837 (a)Amortized cost amounts exclude accrued interest receivable which is recorded within “other assets” on the balance sheet. At September 30, 2025, accrued interest receivable on available for sale securities and held-to-maturity securities totaled $126 million and $22 million, respectively.  At December 31, 2024, accrued interest receivable on available for sale securities and held-to-maturity securities totaled $109 million and $21 million, respectively.(b)Excluded from the amortized cost of securities available for sale are basis adjustments for securities designated in active fair value hedges. Basis adjustments totaled $111 million and $(6) million as of September 30, 2025 and December 31, 2024, respectively. The securities being hedged are primarily U.S Treasuries, Agency RMBS, and Agency CMBS.(c)Amortized cost includes  $118 million of securities as of September 30, 2025, and $303 million of securities as of December 31, 2024, related to the purchase of senior notes from a securitization collateralized by sold indirect auto loans.

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The following table summarizes securities in an unrealized loss position for which an allowance for credit losses has not been recorded as of September 30, 2025, and December 31, 2024. Duration of Unrealized Loss Position   Less than 12 Months12 Months or LongerTotalDollars in millionsFairValueGrossUnrealizedLossesFairValueGrossUnrealizedLossesFairValueGrossUnrealizedLossesSeptember 30, 2025Securities available for sale:U.S Treasury, agencies, and corporations$50 $— $1,819 $21 $1,869 $21 Agency residential collateralized mortgage obligations41 — 7,877 1,779 7,918 1,779 Agency residential mortgage-backed securities555 2 7,701 504 8,256 506 Agency commercial mortgage-backed securities— — 3,868 355 3,868 355 Held-to-maturity securities:Agency residential collateralized mortgage obligations173 2 3,230 189 3