Company: FCNCB
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000798941-25-000010
Chunk: 48

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 48
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88 

Nonaccrual loans and leases at December 31, 2024 were $1.18 billion, an increase of $215 million from $969 million at December 31, 2023. The increase from December 31, 2023 was primarily due to non-owner occupied commercial mortgages, commercial and industrial loans, and innovation C&I and cash flow dependent loans. Refer to the “CRE Portfolio” discussion below for further information and Note 4—Loans and Leases for tabular presentation of nonaccrual loans by loan class. 

OREO and repossessed assets at December 31, 2024 and December 31, 2023 were $64 million and $62 million, respectively. Nonperforming assets as a percentage of total loans, leases, OREO and repossessed assets at December 31, 2024 and December 31, 2023 were 0.89% and 0.77%, respectively. 

Past Due Accounts

Accruing loans 30 days or more past due were 0.54% and 0.71% of total loans at December 31, 2024 and December 31, 2023, respectively. Delinquency status by loan class is presented in Note 4—Loans and Leases.  

CRE Portfolio

Our CRE portfolio is diversified across various property types. The following table provides an overview of the property type exposures within our CRE portfolio: 

Table 33

Commercial Real Estate Portfolio (1)

dollars in millionsDecember 31, 2024December 31, 2023Balance% to TotalLoans and LeasesBalance% to TotalLoans and LeasesMulti-Family$5,713 4.07 %$4,356 3.27 %Medical Office3,707 2.65 3,494 2.62 Industrial/Warehouse3,604 2.57 2,888 2.07 General Office2,476 1.77 2,927 2.20 Retail1,995 1.42 1,828 1.37 Hotel/Motel876 0.62 792 0.59 Other4,546 3.24 4,967 3.73 Total$22,917 16.34 %$21,252 15.94 %

(1) The definition of CRE in this table