Company: FCNCB
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000798941-25-000010
Chunk: 54

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 54
---
 breakout below is based on total client balances (individually or in the aggregate) as of December 31, 2024:

Table 38

SVB Loans by Size and Class

dollars in millionsLess Than $5 Million$5 to < $10 Million$10 to < $20 Million$20 to < $30 Million> $30 MillionTotal SVB LoansGlobal fund banking$896 $1,308 $2,470 $2,353 $20,877 $27,904 Investor dependent - early stage727 180 90 — — 997 Investor dependent - growth stage536 559 662 124 315 2,196 Innovation C&I and cash flow dependent221 310 753 1,315 6,498 9,097 Total$2,380 $2,357 $3,975 $3,792 $27,690 $40,194 

82

SVB Loans - State Concentrations

The following table summarizes state concentrations greater than 5.0% within the SVB loans portfolio at December 31, 2024, based on borrower location:

Table 39

SVB Loans - Geography

dollars in millionsDecember 31, 2024December 31, 2023StateCalifornia$9,372 23.3 %$9,458 23.9 %Massachusetts7,180 17.9 5,213 13.2 New York4,691 11.7 7,338 18.6 Texas4,061 10.1 3,645 9.2 Connecticut3,972 9.9 3,246 8.2 All other states10,125 25.1 8,987 22.8 Total U.S.39,401 98.0 37,887 95.9 Total International793 2.0 1,624 4.1 Total$40,194 100.0 %$39,511 100.0 %

Counterparty Risk

We enter into interest rate and foreign exchange derivatives as part of our overall risk management practices and also on behalf of our clients. We establish risk metrics and evaluate and manage the counterparty risk associated with these derivative instruments in accordance with the comprehensive Risk Management Framework and Risk Appetite Framework and Statement. 

Counterparty credit