Company: FCNCB
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000798941-25-000024
Chunk: 243

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 8
Chunk 243
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 category with ranges of contractual maturities. The weighted average yield on the portfolio was calculated using security-level annualized yields based on book yield to maturity and takes into account amortization of premiums and accretion of discounts, but does not include the effects of hedging. The total weighted average yields for investment securities available for sale and held to maturity are based on the underlying weighted average amortized cost.

Table 22

Weighted Average Yield on Investment Securities 

March 31, 2025Within One YearOne to Five YearsFive to 10 YearsAfter 10 YearsTotalInvestment securities available for sale:U.S. Treasury4.33 %4.31 %— %— %4.32 %Government agency1.95 4.16 4.22 — 4.19 Residential mortgage-backed securities (1)— 4.20 4.71 4.00 4.15 Commercial mortgage-backed securities (1)4.30 4.78 5.68 2.96 4.09 Corporate bonds6.53 7.89 5.39 6.13 6.00 Municipal bonds— — — 7.00 7.00 Total investment securities available for sale4.34 %4.44 %4.79 %3.90 %4.23 %Investment securities held to maturity:U.S. Treasury1.19 %1.42 %1.57 %— %1.38 %Government agency1.25 1.51 1.88 — 1.54 Residential mortgage-backed securities (1)— — 2.08 2.57 2.57 Commercial mortgage-backed securities (1)— 2.46 1.80 2.53 2.53 Supranational securities1.23 1.49 1.68 — 1.56 Other3.86 — — — 3.86 Total investment securities held to maturity1.24 %1.49 %1.79 %2.55 %2.32 %

(1) Residential mortgage-backed and commercial mortgage-backed securities, which are not due at a single maturity date, have been included in maturity groupings based on the contractual maturity at March 31, 2025. The expected life will differ from contractual m