KeyBank 2013 Annual Report Download - page 146
Download and view the complete annual report
Please find page 146 of the 2013 KeyBank annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136 -
137 -
138 -
139 -
140 -
141 -
142 -
143 -
144 -
145 -
146 -
147 -
148 -
149 -
150 -
151 -
152 -
153 -
154 -
155 -
156 -
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
-
215
-
216
-
217
-
218
-
219
-
220
-
221
-
222
-
223
-
224
-
225
-
226
-
227
-
228
-
229
-
230
-
231
-
232
-
233
-
234
-
235
-
236
-
237
-
238
-
239
-
240
-
241
-
242
-
243
-
244
-
245
 |
 |
4. Loans and Loans Held for Sale
Our loans by category are summarized as follows:
December 31,
in millions 2013 2012
Commercial, financial and agricultural (a) $ 24,963 $ 23,242
Commercial real estate:
Commercial mortgage 7,720 7,720
Construction 1,093 1,003
Total commercial real estate loans 8,813 8,723
Commercial lease financing (b) 4,551 4,915
Total commercial loans 38,327 36,880
Residential — Prime Loans:
Real estate — residential mortgage 2,187 2,174
Home equity:
Key Community Bank 10,340 9,816
Other 334 423
Total home equity loans 10,674 10,239
Total residential — prime loans 12,861 12,413
Consumer other — Key Community Bank 1,449 1,349
Credit cards 722 729
Consumer other:
Marine 1,028 1,358
Other 70 93
Total consumer other 1,098 1,451
Total consumer loans 16,130 15,942
Total loans (c) (d) $ 54,457 $ 52,822
(a) December 31, 2013, and December 31, 2012, loan balances include $94 million and $90 million of commercial credit card balances,
respectively.
(b) December 31, 2013, commercial lease financing includes receivables of $58 million held as collateral for a secured borrowing.
Additional information pertaining to this secured borrowing is included in Note 18 (“Long-Term Debt”).
(c) December 31, 2013, total loans include purchased loans of $166 million, of which $16 million were PCI loans. December 31, 2012, total
loans include purchased loans of $217 million, of which $23 million were PCI loans.
(d) Excludes loans in the amount of $4.5 billion at December 31, 2013, and $5.2 billion at December 31, 2012, related to the discontinued
operations of the education lending business.
We use interest rate swaps, which modify the repricing characteristics of certain loans, to manage interest rate
risk. For more information about such swaps, see Note 8 (“Derivatives and Hedging Activities”).
Our loans held for sale by category are summarized as follows:
December 31,
in millions 2013 2012
Commercial, financial and agricultural $ 278 $29
Real estate — commercial mortgage 307 477
Commercial lease financing 98
Real estate — residential mortgage 17 85
Total loans held for sale $ 611 $ 599
131