Company: KEY-PI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000091576-25-000110
Chunk: 186

Company: KEYCORP /NEW/
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 186
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230 million ($173 million at fair value) at June 30, 2025, and $257 million ($192 million at fair value) at December 31, 2024.These loans and securities are classified as Level 3 because we rely on unobservable inputs when determining fair value since observable market data is not available.

6. Securities The amortized cost, unrealized gains and losses, and approximate fair value of our securities available for sale and held-to-maturity securities are presented in the following tables. Gross unrealized gains and losses represent the difference between the amortized cost and the fair value of securities on the balance sheet as of the dates indicated. Accordingly, the amount of these gains and losses may change in the future as market conditions change.  June 30, 2025December 31, 2024Dollars in millionsAmortizedCost (a)(b)Gross Unrealized GainsGross Unrealized LossesFairValueAmortizedCost (a)(b)Gross Unrealized GainsGross Unrealized LossesFairValueSECURITIES AVAILABLE FOR SALEU.S. Treasury, agencies, and corporations$8,318 $53 $28 $8,343 $8,928 $20 $44 $8,904 Agency residential collateralized mortgage obligations10,840 6 1,916 8,930 11,409 8 2,193 9,224 Agency residential mortgage-backed securities19,812 73 631 19,254 16,038 3 872 15,169 Agency commercial mortgage-backed securities 4,533 — 391 4,142 4,927 — 517 4,410 Total securities available for sale $43,503 $132 $2,966 $40,669 $41,302 $31 $3,626 $37,707 HELD-TO-MATURITY SECURITIESAgency residential collateralized mortgage obligations$4,305 $11 $224 $4,092 $4,577 $3 $332 $4,248 Agency residential mortgage-backed securities144 — 15 129 151 — 17 134 Agency commercial mortgage-backed securities2,268 1 165 2,104 2,333 — 203 2,130 Asset-backed securities (c)173 —