Company: KEY-PI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000091576-25-000058
Chunk: 167

Company: KEYCORP /NEW/
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 167
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5, an allowance for credit losses has not been recorded nor have unrealized losses been recognized into income. The issuers of the securities are of high credit quality and have a history of no credit losses, management does not intend to sell, and it is likely that management will not be required to sell the securities prior to their anticipated recovery, and the decline in fair value is largely attributed to changes in interest rates and other market conditions. The security issuers continue to make timely principal and interest payments.For the three months ended March 31, 2025, we had no gross realized gains or losses from the sale of securities available for sale. For the three months ended March 31, 2024, we recognized no gross realized gains and $3 million in gross realized losses from the sale of securities available for sale.At March 31, 2025 and December 31, 2024, securities available for sale and held-to-maturity securities totaling $20.4 billion and $19.1 billion, respectively, were pledged to secure securities sold under repurchase agreements, to secure public and trust deposits, to facilitate access to secured funding, and for other purposes required or permitted by law.The following table shows our securities by remaining maturity at March 31, 2025. CMOs, other mortgage-backed securities, and asset-backed securities in the available for sale portfolio and held-to-maturity portfolio are presented based on their expected average lives. The remaining securities, in both the available-for-sale and held-to-maturity portfolios, are presented based on their remaining contractual maturity. Actual maturities may differ from expected or contractual maturities since borrowers have the right to prepay obligations with or without prepayment penalties.

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March 31, 2025Securities Available for SaleHeld to Maturity SecuritiesDollars in millionsAmortized CostFair ValueAmortized CostFair ValueDue in one year or less$2,995 $2,988 $77 $76 Due after one through five years10,639 10,305 2,599 2,505 Due after five through ten years20,811 19,092 2,640 2,487 Due after ten years9,341 8,366 1,844 1,662 Total$43,786 $40,751 $7,160 $6,730 

7. Derivatives and Hedging ActivitiesWe are a party to various derivative instruments,