Company: KEY-PI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000091576-25-000058
Chunk: 32

Company: KEYCORP /NEW/
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 2
Chunk 32
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 $6,730 — %Weighted-average yield(b)3.81 %2.82 %2.95 %2.08 %4.35 %3.45 %— Weighted-average maturity7.2 years7.1 years8.4 years1.1 years1.8 years7.4 years— December 31, 2024Amortized cost$4,577 $151 $2,333 $308 $26 $7,395 3.43 %Fair value4,248 134 2,130 300 25 6,837 — 

(a)Maturity is based upon expected average lives rather than contractual terms.

(b)Weighted-average yields are calculated based on amortized cost. Such yields have been adjusted to a TE basis using the statutory federal income tax rate in effect that calendar year.

Deposits and other sources of funds

Figure 16. Breakdown of Deposits at March 31, 2025

The following presents the breakdown of our deposits by product for the noted periods.

Dollars in billionsMarch 31, 2025December 31, 2024Money market deposits$43.9 $41.0 Demand deposits57.6 57.6 Savings deposits4.7 4.6 Time deposits16.2 17.0 Noninterest bearing deposits28.5 29.6 Total$150.7 $149.8 

Our highly diversified deposit base is our primary source of funding. At March 31, 2025, our deposits totaled $150.7 billion, an increase of $977 million, compared to December 31, 2024.

29

Uninsured deposits totaled $65.2 billion and $64.4 billion at March 31, 2025 and December 31, 2024, respectively. Uninsured deposits are defined as the portion of deposit accounts in U.S. offices that exceed the FDIC insurance limit or similar state deposit insurance regimes and amounts in any other uninsured investment or deposit accounts that are classified as deposits and not subject to any federal or state deposit insurance regimes. 

Figure 17 presents estimated uninsured deposits for the noted periods which reflect amounts disclosed in KeyBank’s Call Report adjusted for intercompany deposits, which are not customer facing and are eliminated in consolidation, and accrued interest.

Figure 17