Company: FCNCB
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000798941-25-000010
Chunk: 169

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 169
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,097 9,658 Total SVB40,194 39,511 Total loans and leases$140,221 $133,302 Refer to Note 1—Significant Accounting Policies and Basis of Presentation for discussion of the changes in loan classes.At December 31, 2024 and December 31, 2023, accrued interest receivable on loans included in other assets was $603 million and $625 million, respectively, and was excluded from the estimate of credit losses.   The discount on acquired loans is accreted to interest income over the contractual life of the loan using the effective interest method. Discount accretion income, which primarily related to the SVBB Acquisition, was $505 million for the year ended December 31, 2024, including $81 million for unfunded commitments. Discount accretion income, which primarily related to the SVBB Acquisition, was $733 million for the year ended December 31, 2023, including $128 million for unfunded commitments.The following table presents selected components of the amortized cost of loans, including the unamortized discount on acquired loans.Components of Amortized Cost dollars in millionsDecember 31, 2024December 31, 2023Deferred fees, including unamortized costs and unearned fees on non-PCD loans$(91)$(72)Net unamortized discount on acquired loansNon-PCD$1,504$1,860PCD94176 Total net unamortized discount$1,598$2,036The aging and nonaccrual status of the outstanding loans and leases by class at December 31, 2024 and December 31, 2023 are provided in the tables below. Loans and leases less than 30 days past due are considered current, as various grace periods allow borrowers to make payments within a stated period after the due date and remain in compliance with the respective agreement.

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Loans and Leases - Delinquency and Nonaccrual Status (1) (2)dollars in millionsDecember 31, 2024Accruing Loans30-59 DaysPast Due60-89 DaysPast Due90 Days orGreaterTotalPast DueCurrentTotal AccruingNonaccrual LoansTotalCommercialCommercial construction$21 $1 $1 $23 $5,077 $5,100 $9 $5,109 Owner occupied commercial mortgage30 9 2 41