Company: FCNCB
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000798941-25-000024
Chunk: 337

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 2
Chunk 337
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 loans172 191 Total nonaccrual loans1,206 1,184 Other real estate owned and repossessed assets105 64 Total nonperforming assets$1,311 $1,248 ALLL to total loans and leases1.19 %1.20 %Ratio of total nonperforming assets to total loans, leases, other real estate owned and repossessed assets0.93 0.89 Ratio of nonaccrual loans and leases to total loans and leases0.85 0.84 Ratio of ALLL to nonaccrual loans and leases139.25 141.58 

Nonaccrual loans and leases at March 31, 2025 were $1.21 billion, an increase of $22 million from $1.18 billion at December 31, 2024. The increase from December 31, 2024 was mainly due to higher nonaccrual loans in the commercial and industrial, owner occupied commercial mortgage, and residential mortgage portfolios, partially offset by lower nonaccrual loans in the commercial real estate and investor dependent portfolios. Refer to the “CRE Portfolio” discussion below for further information and Note 4—Loans and Leases for tabular presentation of nonaccrual loans by loan class. 

OREO and repossessed assets at March 31, 2025 and December 31, 2024 were $105 million and $64 million, respectively. The increase reflects additional properties. Nonperforming assets as a percentage of total loans, leases, OREO and repossessed assets at March 31, 2025 and December 31, 2024 were 0.93% and 0.89%, respectively. 

Past Due Accounts

Accruing loans 30 days or more past due were 0.73% and 0.54% of total loans at March 31, 2025 and December 31, 2024, respectively. Delinquency status by loan class is presented in Note 4—Loans and Leases.  

CRE Portfolio

Our CRE portfolio is diversified across various property types. The following table provides an overview of the property type exposures within our CRE portfolio as of March 31, 2025 and December 31, 2024: 

Table 35

Commercial Real Estate Portfolio (1)

dollars in millionsMarch 31, 2025December 31,