Company: CMA
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000028412-25-000154
Chunk: 152

Company: COMERICA INC
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 8
Chunk 152
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 to sell the investments before recovery of amortized costs. No allowance for credit losses was recorded on securities in an unrealized loss position at March 31, 2025 or December 31, 2024.Interest receivable on investment securities totaled $37 million at March 31, 2025 and $38 million at December 31, 2024 and was included in accrued income and other assets on the Consolidated Balance Sheets. The investment securities portfolio included floating-rate securities with a fair value of $3 million at both March 31, 2025 and December 31, 2024.There were no sales, calls or write-downs of investment securities available-for-sale during the three-month periods ended March 31, 2025 or March 31, 2024. 

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Table of ContentsNotes to Consolidated Financial Statements (unaudited)Comerica Incorporated and Subsidiaries

The following table summarizes the amortized cost and fair values of investment securities by contractual maturity. Securities with multiple maturity dates are classified in the period of final maturity. The actual cash flows of mortgage-backed securities may differ as borrowers of the underlying loans may exercise prepayment options. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.(in millions)March 31, 2025Amortized CostFair ValueContractual maturityOne year or less$308 $308 After one year through five years1,298 1,287 After five years through ten years5,101 4,655 After ten years10,934 8,852 Total investment securities$17,641 $15,102 At March 31, 2025, investment securities with a carrying value of $7.7 billion were pledged where permitted or required by law. Pledges included $5.9 billion to the Federal Home Loan Bank (FHLB) as collateral for current advances and potential future borrowings as well as $1.8 billion to secure $435 million of liabilities, consisting of trust deposits, deposits of public entities and state and local government agencies as well as derivative instruments. For information on FHLB borrowings, refer to Note 8.

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Table of ContentsNotes to Consolidated Financial Statements (unaudited)Comerica Incorporated and SubsidiariesNOTE 4 – CREDIT QUALITY AND ALLOWANCE FOR CREDIT LOSSESThe following table presents