Company: FCNCB
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000798941-25-000050
Chunk: 298

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 8
Chunk 298
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 during the period for such loan classes rounded to less than $1 million.Borrowers experiencing financial difficulties are typically identified in our credit risk management process before loan modifications occur. An assessment of whether a borrower is experiencing financial difficulty is reassessed or performed on the date of a modification. Since the effect of most modifications made to borrowers experiencing financial difficulty is already included in the ALLL because of the measurement methodologies used to estimate the ALLL, a change to the ALLL is generally not recorded upon modification. Upon BancShares’ determination that a modified loan (or portion of a loan) has subsequently been deemed uncollectible, the loan (or a portion of the loan) is charged off. At September 30, 2025, there were $113 million of loans modified in the twelve months ended September 30, 2025, which defaulted subsequent to modification.

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The following tables present the amortized cost and performance of loans to borrowers experiencing financial difficulties for which the terms of the loan were modified during the referenced periods. The period of delinquency is based on the number of days the scheduled payment is contractually past due.Modified Loans Payment Status (twelve months ended September 30, 2025)dollars in millionsCurrent30–59 Days Past Due60–89 Days Past Due90 Days or Greater Past DueTotalCommercialCommercial construction$22 $1 $— $— $23 Owner occupied commercial mortgage74 1 — 9 84 Non-owner occupied commercial mortgage241 4 1 60 306 Commercial and industrial404 2 1 24 431 Investor dependent90 — — 1 91 Total commercial831 8 2 94 935 ConsumerResidential mortgage35 3 3 6 47 Revolving mortgage7 — — — 7 Total consumer42 3 3 6 54 Total loans and leases$873 $11 $5 $100 $989 Modified Loans Payment Status (twelve months ended September 30, 2024) dollars in millionsCurrent30–59 Days Past Due60–89 Days Past Due90 Days or Greater Past DueTotalCommercialCommercial construction$3 $— $— $— $3 Owner occupied commercial mortgage50 — 9 2 61 Non-owner occupied commercial mortgage156 1 — 16 173 Commercial and industrial346 1 — 2