Company: KEY-PI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000091576-25-000058
Chunk: 69

Company: KEYCORP /NEW/
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 2
Chunk 69
---
 2,736 Total commercial loans73,122 71,891 Residential — prime loans:Real estate — residential mortgage19,622 19,886 Home equity loans6,154 6,358 Total residential — prime loans25,776 26,244 Other consumer loans5,000 5,167 Credit cards911 958 Total consumer loans31,687 32,369 Total loans (d)$104,809 $104,260 (a)Accrued interest of $448 million and $456 million at March 31, 2025, and December 31, 2024, respectively, presented in "Accrued income and other assets" on the Consolidated Balance Sheets is excluded from the amortized cost basis disclosed in this table.(b)Loan balances include $218 million and $212 million of commercial credit card balances at March 31, 2025, and December 31, 2024, respectively.(c)Commercial and industrial includes receivables held as collateral for a secured borrowing of $192 million and $211 million at March 31, 2025, and December 31, 2024, respectively. Commercial lease financing includes receivables of $2 million and $3 million held as collateral for a secured borrowing at March 31, 2025, and December 31, 2024, respectively. Principal reductions are based on the cash payments received from these related receivables. Additional information pertaining to these secured borrowings is included in Note 20 (“Long-Term Debt”) beginning on page 170 of our 2024 Form 10-K.

(d)Total loans exclude loans of $243 million at March 31, 2025, and $257 million at December 31, 2024, related to the discontinued operations of the education lending business. These amounts are included within “Discontinued assets” on the Consolidated Balance Sheet. 

4. Asset Quality ALLLWe estimate the appropriate level of the ALLL on at least a quarterly basis. The methodology is described in Note 1 ("Summary of Significant Accounting Policies") under the heading "Allowance for Loan and Lease Losses" beginning on page 112 of our 2024 Form 10-K. The ALLL at March 31, 2025, represents our current estimate of lifetime credit losses inherent in the loan portfolio at that date. The changes in the ALLL by loan category for the periods indicated are as follows: