Company: FCNCB
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000798941-25-000010
Chunk: 186

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 186
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 is reassessed or performed on the date of a modification. Since the effect of most modifications made to borrowers experiencing financial difficulty is already included in the ALLL because of the measurement methodologies used to estimate the ALLL, a change to the ALLL is generally not recorded upon modification. Upon BancShares’ determination that a modified loan (or portion of a loan) has subsequently been deemed uncollectible, the loan (or a portion of the loan) is charged off. At December 31, 2024, there were $62 million of loans modified in the twelve months ended December 31, 2024, which defaulted subsequent to modification. 

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The following tables present the amortized cost and performance of loans to borrowers experiencing financial difficulties for which the terms of the loan were modified during the referenced periods. The period of delinquency is based on the number of days the scheduled payment is contractually past due.Modified Loans Payment Status (year ended December 31, 2024)dollars in millionsCurrent30–59 Days Past Due60–89 Days Past Due90 Days or Greater Past DueTotalCommercialCommercial construction$12 $— $— $— $12 Owner occupied commercial mortgage51 3 — — 54 Non-owner occupied commercial mortgage220 5 — — 225 Commercial and industrial130 1 1 33 165 Total commercial413 9 1 33 456 ConsumerResidential mortgage8 2 1 3 14 Revolving mortgage9 — — 1 10 Total consumer17 2 1 4 24 SVBInvestor dependent - early stage29 11 — — 40 Investor dependent - growth stage59 — — — 59 Innovation C&I and cash flow dependent122 — — — 122 Total SVB210 11 — — 221 Total loans and leases$640 $22 $2 $37 $701 Modified Loans Payment Status (year ended December 31, 2023)dollars in millionsCurrent30–59 Days Past Due60–89 Days Past Due90 Days or Greater Past DueTotalCommercialCommercial construction$4 $— $— $— $4 Owner occupied commercial mortgage17 1 — — 18 Non-owner occupied commercial mortgage297 — — 1 298 Commercial and industrial116