Company: FCNCB
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000798941-25-000050
Chunk: 416

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 8
Chunk 416
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 and effective as of November 20, 2023, providing total advances available through March 27, 2025 of up to $70 billion solely to provide liquidity to offset deposit withdrawal or runoff of former SVBB deposit accounts and to fund the unfunded commercial lending commitments acquired in the SVBB Acquisition. There were no amounts outstanding at the end of the draw period on March 27, 2025. 

Refer to Note 2—Business Combinations for further discussion.

Contractual Obligations and Commitments 

The following table includes significant contractual obligations and commitments as of September 30, 2025, representing required and potential cash outflows, including impacts from purchase accounting adjustments and deferred fees. Refer to Note 18—Commitments and Contingencies for additional information regarding commitments. Financing commitments, letters of credit and deferred purchase commitments are presented at contractual amounts and do not necessarily reflect future cash outflows, as many are expected to expire unused or partially used. 

Table 51Contractual Obligations and Commitments

dollars in millionsPayments Due by PeriodLess than 1 year1-3 years4-5 yearsThereafterTotalContractual obligations:Time deposits$10,820 $204 $50 $— $11,074 Short-term borrowings423 — — — 423 Long-term borrowings (1) (2)(40)36,325 (2)1,969 38,252 Total contractual obligations$11,203 $36,529 $48 $1,969 $49,749 Commitments:Financing commitments$25,857 $5,798 $9,050 $11,230 $51,935 Letters of credit1,840 335 266 195 2,636 Deferred purchase agreements1,870 — — — 1,870 Purchase and funding commitments232 — — — 232 Affordable housing partnerships (1)565 624 55 51 1,295 Total commitments$30,364 $6,757 $9,371 $11,476 $57,968 

(1)    Long-term borrowings are presented net of purchase accounting adjustments of $97 million. On-balance sheet commitments for affordable housing partnerships are included in other liabilities and presented net of a purchase accounting adjustment of $17 million.

(2)    Balance