Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 383

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 8
Chunk 383
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 U.S. Treasury Rate as of the day falling two business days prior to the notes reset date plus 197 bps per annum until the maturity date (or date of earlier redemption).

We continually monitor our capital needs and market conditions in an effort to diversify our borrowing base when appropriate. Additionally, we continue to monitor the status of the notice of proposed rulemaking (“NPR”) issued by the federal banking agencies discussing, among other items, the proposed requirement to maintain a certain level of long-term debt that would be available to absorb losses in the event of failure as further discussed in the “Regulatory Considerations” section in Item 1. Business of the 2024 Form 10-K. 

Refer to the “Liquidity Risk” section of this MD&A and Note 9—Borrowings for further information regarding liquidity and borrowings.

Other Assets and Liabilities    

The following table includes the components of other assets: 

Table 31

Other Assets

dollars in millionsIncrease (Decrease) from:June 30, 2025March 31, 2025December 31, 2024March 31, 2025December 31, 2024Affordable housing tax credit and other unconsolidated investments (1)$2,592 $2,578 $2,516 $14 1 %$76 3 %Accrued interest receivable902 920 902 (18)(2)— — Fair value of derivative financial instruments626 553 660 73 13 (34)(5)Pension and other retirement plan assets671 667 658 4 1 13 2 Right of use assets for operating leases, net318 300 316 18 6 2 1 Income tax receivable500 500 505 — — (5)(1)Counterparty receivables164 87 69 77 89 95 137 Bank-owned life insurance107 107 106 — 1 1 1 Nonmarketable equity securities140 136 127 4 3 13 11 Other real estate owned97 97 56 — — 41 74 Mortgage servicing rights29 28 27 1 4 2 7 Federal Home Loan Bank stock19 20 20 (1)(4)(1)(4)Other899 803 778 96 12