Company: FCNCB
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000798941-25-000050
Chunk: 281

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 8
Chunk 281
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 of no credit losses on debt securities issued by government agencies and government sponsored entities, no allowance for credit loss was required for debt securities held to maturity as of September 30, 2025. There were no debt securities on nonaccrual status as of September 30, 2025 or December 31, 2024.Investment securities having an aggregate carrying value of $6.18 billion at September 30, 2025, and $3.94 billion at December 31, 2024, were pledged as collateral to secure public funds on deposit, the Purchase Money Note, certain short-term borrowings, and for other purposes as required by law.

Certain investments held by BancShares are reported in other assets, including FHLB stock and nonmarketable securities without readily determinable fair values that are recorded at cost, and investments in qualified affordable housing projects, all of which are accounted for under the proportional amortization method (the “PAM”). 

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NOTE 4 — LOANS AND LEASESUnless otherwise noted, loans held for sale are not included in the following tables. Leases in the following tables include finance leases, but exclude operating lease equipment. Loans by Class dollars in millionsSeptember 30, 2025December 31, 2024CommercialCommercial construction$5,926 $5,109 Owner occupied commercial mortgage17,232 16,842 Non-owner occupied commercial mortgage15,645 16,194 Commercial and industrial41,172 40,737 Leases2,066 2,014 Global fund banking31,615 27,904 Investor dependent2,772 3,193 Total commercial116,428 111,993 ConsumerResidential mortgage23,036 23,152 Revolving mortgage2,794 2,567 Consumer auto1,463 1,523 Consumer other1,037 986 Total consumer28,330 28,228 Total loans and leases$144,758 $140,221 Refer to Note 1—Significant Accounting Policies and Basis of Presentation for discussion related to changes in loan classes.At September 30, 2025 and December 31, 2024, accrued interest receivable on loans included in other assets was $637 million and $603 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