Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 66

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 2
Chunk 66
---
2025Balance% to TotalLoans and LeasesMulti-Family$5,151 3.65 %Medical Office3,829 2.71 Industrial/Warehouse3,697 2.62 General Office2,218 1.57 Retail1,714 1.21 Healthcare1,330 0.94 Hotel/Motel867 0.61 Other4,733 3.35 Total$23,539 16.66 %

(1) The definition of CRE in this table is aligned with the Federal Reserve and FDIC guidance on CRE and includes the following: construction loans, loans where the primary repayment is from third party rental income, and loans not secured by real estate but for the purpose of real estate. This table excludes the owner occupied commercial mortgage loan class.

Evolving macroeconomic and social conditions (including the shift to more hybrid work arrangements) may result in changes for General Office demand moving forward. Our General Office portfolio has experienced more negative credit quality trends relative to our other CRE portfolios. Select metrics for our General Office portfolio are summarized in the following table:

Table 40

Select General Office Loan Metrics

dollars in millionsJune 30, 2025March 31, 2025December 31, 2024% of total loans and leases1.57  %1.68  %1.77  %% of CRE loans9.42  %10.16  %10.81  %Average loan balance$2 $2 $2 Net charge-offs (YTD annualized %)4.09  %4.77  %3.95  %Delinquencies as a % of General Office loans6.59  %11.08  %10.92  %Non-performing loans as a % of General Office loans9.03  %10.87  %12.10  %ALLL ratio4.59  %4.35  %4.59  %

Concentration Risk

We strive to minimize the risks associated with large concentrations within specific geographic areas, collateral types or industries. Despite our focus on diversification, several characteristics of our loan portfolio subject us to risk, such as our concentrations of real estate secured loans, revolving mortgage loans and healthcare-related loans. Additionally, commercial loans may be concentrated in loans with large balances and loans in certain industries and customer groups, including