Company: FCNCB
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000798941-25-000050
Chunk: 386

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 8
Chunk 386
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 securities held to maturity:U.S. Treasury— %1.43 %— %— %1.43 %Government agency1.32 1.62 1.94 — 1.55 Residential mortgage-backed securities (1)— — 1.03 2.81 2.66 Commercial mortgage-backed securities (1)— 1.84 4.65 2.49 2.49 Supranational securities1.24 1.64 — — 1.59 Other3.55 — — — 3.55 Total investment securities held to maturity1.32 %1.58 %1.40 %2.67 %2.37 %

(1) Residential mortgage-backed and commercial mortgage-backed securities, which are not due at a single maturity date, have been included in maturity groupings based on the contractual maturity at September 30, 2025. The expected life will differ from contractual maturities because borrowers have the right to prepay the underlying loans.

Assets Held for Sale

Assets held for sale at September 30, 2025 were $112 million, an increase of $27 million or 32% from $85 million at December 31, 2024. The composition of assets held for sale is included in the following table:   

Table 24Assets Held for Sale

Increase (Decrease) from:dollars in millionsSeptember 30, 2025June 30, 2025December 31, 2024June 30, 2025December 31, 2024Loans and leases:Commercial (1)$30$40$27$(10)(25)%$311 %Consumer808355(3)(4)%2546 %Loans and leases11012382(13)(11)%2834 %Operating lease equipment223—— %(1)(20)%Total assets held for sale$112$125$85$(13)(11)%$2732 %

(1) There were no nonaccrual loans held for sale at September 30, 2025 and December 31, 2024, and $22 million as of June 30, 2025. 

Loans and Leases

The loan and lease disclosures for 2024 periods presented in this Form 10-Q were recast to reflect the 2025 Loan Class Changes summarized in the “Recent