Company: FCNCB
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000798941-25-000024
Chunk: 160

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 8
Chunk 160
---
 24 2,567 Consumer auto12 3 — 15 1,500 1,515 8 1,523 Consumer other5 3 3 11 974 985 1 986 Total consumer209 37 10 256 27,791 28,047 181 28,228 SVBGlobal fund banking— — — — 27,904 27,904 — 27,904 Investor dependent - early stage8 1 — 9 947 956 41 997 Investor dependent - growth stage2 — — 2 2,148 2,150 46 2,196 Innovation C&I and cash flow dependent52 1 — 53 8,940 8,993 104 9,097 Total SVB62 2 — 64 39,939 40,003 191 40,194 Total loans and leases$516 $126 $109 $751 $138,286 $139,037 $1,184 $140,221 (1)    Accrued interest that was reversed when the loan went to nonaccrual status was $7 million for the three months ended March 31, 2025 and $14 million for year ended December 31, 2024.(2)    Nonaccrual loans for which there was no related ALLL totaled $419 million at March 31, 2025 and $303 million at December 31, 2024.Other real estate owned (“OREO”) and repossessed assets were $105 million as of March 31, 2025 and $64 million as of December 31, 2024. 

19

Credit Quality IndicatorsLoans and leases are monitored for credit quality on a recurring basis. Commercial loans and leases and consumer loans have different credit quality indicators as a result of the unique characteristics of the loan classes being evaluated. The credit quality indicators for commercial loans and leases are developed through a review of individual borrowers on an ongoing basis. Commercial loans are evaluated periodically with more frequent evaluations done on criticized loans. The indicators as of the date presented are based on the most recent assessment performed and are defined below:Pass – A pass rated asset is not adversely classified because it does not display any of the characteristics for adverse classification.Special mention – A special mention asset has potential weaknesses which