Company: FCNCB
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000798941-25-000050
Chunk: 220

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 1
Chunk 220
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42,752 $40,879 $38,633 $1,873 5 %$4,119 11 %Checking with interest23,731 23,283 25,343 448 2 (1,612)(6)Money market38,718 37,654 35,722 1,064 3 2,996 8 Savings46,915 46,877 42,278 38 — 4,637 11 Time11,074 11,242 13,253 (168)(2)(2,179)(16)Interest-bearing deposits120,438 119,056 116,596 1,382 1 3,842 3 Total deposits$163,190 $159,935 $155,229 $3,255 2 %$7,961 5 %Noninterest-bearing deposits to total deposits26.2 %25.6 %24.9 %

We strive to maintain a strong liquidity position, and therefore, deposit retention remains a key business objective. We believe traditional bank deposit products remain an attractive option for many customers. As economic conditions change, we recognize that our liquidity position could be adversely affected if bank deposits are withdrawn. Our ability to fund future loan growth is significantly dependent on our success in retaining existing deposits and generating new deposits at a reasonable cost. 

Deposit Concentrations 

BancShares operates a network of branches and offices, predominantly located in the Southeast, Mid-Atlantic, Midwest and Western United States, providing a broad range of financial services to individuals, businesses and professionals. Based on branch location, our top state deposit concentrations as of September 30, 2025 were in North Carolina, South Carolina, and California, which represented approximately 25.0%, 7.5%, and 7.0%, respectively, of total deposits. 

The Direct Bank had $45.15 billion or 27.7% of our total deposits as of September 30, 2025. The Direct Bank deposits mainly consist of savings deposit accounts. 

SVB Commercial segment deposits as of September 30, 2025 were $39.89 billion or 24.4% of total deposits and are primarily concentrated in online banking. Deposits in the SVB Commercial segment include large dollar accounts with private equity and venture capital clients, primarily in the technology, life science and healthcare industries. 

Deposit accounts with balances