Company: FCNCB
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000798941-25-000010
Chunk: 197

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 197
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December 31, 2023Affordable housing tax credit and other unconsolidated investments (1)$2,516 $2,052 Accrued interest receivable902 832 Fair value of derivative financial instruments660 640 Pension and other retirement plan assets658 568 Right of use assets for operating leases, net316 354 Income tax receivable505 209 Counterparty receivables69 114 Bank-owned life insurance106 105 Nonmarketable equity securities127 103 Other real estate owned56 58 Mortgage servicing rights27 25 Federal Home Loan Bank stock20 20 Other778 777 Total other assets$6,740 $5,857 (1)    Refer to Note 9—Variable Interest Entities for additional information.

NOTE 11 — DEPOSITSThe following table provides detail on deposit types: Deposit Types dollars in millionsDecember 31, 2024December 31, 2023Noninterest-bearing demand$38,633 $39,799 Checking with interest25,343 23,754 Money market35,722 30,625 Savings42,278 35,244 Time13,253 16,432 Total deposits$155,229 $145,854 At December 31, 2024, the scheduled maturities of time deposits were: Deposit Maturitiesdollars in millionsTwelve months ended December 31,2025$12,724 2026445 202739 202823 202922 Thereafter— Total time deposits$13,253 

Time deposits with a denomination of $250,000 or more were $3.80 billion and $4.16 billion at December 31, 2024 and 2023, respectively.  

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NOTE 12 — BORROWINGSShort-term BorrowingsSecurities Sold under Agreements to RepurchaseBancShares held $367 million and $485 million at December 31, 2024 and 2023, respectively, of securities sold under agreements to repurchase that have overnight contractual maturities and are collateralized by government agency securities. The weighted average interest rate for securities sold under agreements to repurchase was 0.59% and 0.43% at December 31, 2024 and 2023, respectively.BancShares utilizes securities sold under agreements to repurchase to facilitate the needs for collateralization of