Company: FCNCB
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000798941-25-000010
Chunk: 46

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 46
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L to commercial loans and leases1.48 %1.70 %1.48 %Consumer loans:ALLL - consumer$158 $166 $133 Consumer loans$28,228 $27,559 $17,326 Consumer ALLL to consumer loans0.56 %0.60 %0.77 %SVB loans:ALLL - SVB$455 $455 $— SVB loans$40,194 $39,511 $— SVB ALLL to SVB loans1.13 %1.15 %— %

A reserve for off-balance sheet credit exposure is established for unfunded commitments and is included in other liabilities, presented in Note 14—Other Liabilities. BancShares estimates the expected funding amounts and applies its PD and LGD models to those expected funding amounts to estimate the reserve.

The reserve for off-balance sheet credit exposure was $278 million at December 31, 2024, a decrease of $38 million compared to $316 million at December 31, 2023. The decrease from December 31, 2023 primarily reflects declines in the volumes of SVB Commercial segment unfunded commitments. Refer to Note 23—Commitments and Contingencies for information relating to off-balance sheet commitments.  

The following table presents the ALLL by loan class:

Table 31

ALLL by Loan Class

dollars in millionsDecember 31, 2024December 31, 2023December 31, 2022ALLLALLL as a Percentage of LoansALLLALLL as a Percentage of LoansALLLALLL as a Percentage of LoansCommercialCommercial construction$53 1.03 %$44 1.12 %$40 1.43 %Owner occupied commercial mortgage51 0.30 47 0.31 61 0.42 Non-owner occupied commercial mortgage340 2.10 335 2.24 181 1.83 Commercial and industrial583 1.84 656 2.20 476 1.98 Leases36 1.80 44 2.12 31 1.41 Total commercial1,063 1.48 1,126 1.70 789 1.48 ConsumerResidential mortgage85 0.37 94 0.41 74 0.55