Company: KEY-PI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000091576-25-000110
Chunk: 187

Company: KEYCORP /NEW/
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 187
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 3 170 308 — 8 300 Other securities24 — — 24 26 — 1 25 Total held-to-maturity securities$6,914 $12 407 $6,519 $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 June 30, 2025, accrued interest receivable on available for sale securities and held-to-maturity securities totaled $129 million and $20 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 $109 million and $(6) million as of June 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  $169 million of securities as of June 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 June 30, 2025, and December 31, 2024. Duration of Unrealized Loss Position   Less than 12 Months12 Months or LongerTotalDollars in millionsFairValueGrossUnrealizedLossesFairValueGrossUnrealizedLossesFairValueGrossUnrealizedLossesJune 30, 2025Securities available for sale:U.S Treasury, agencies, and corporations$2,607 $4 $519 $24 $3,126 $28 Agency residential collateralized mortgage obligations96 — 8,022 1,916 8,118 1,916 Agency residential mortgage-backed securities7,772 128 3,055 503 10,827 631 Agency commercial mortgage-backed securities47 — 4,096 391 4,143