Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 124

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 1
Chunk 124
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 dependent7 — 5 Total commercial17 1.01 9 ConsumerResidential mortgage11 1.18 6 Revolving mortgage47 3.75 5 Consumer auto20 — — Consumer other60 9.20 — Total consumer12 1.67 6 Total loans and leases17 1.05 %9 Financial Effects of Loan Modifications made during the six months ended June 30, 2024Weighted Average Term Extension (in Months)Weighted Average Interest Rate ReductionWeighted Average Payment Delay    (in Months)CommercialCommercial construction19 — %— Owner occupied commercial mortgage39 1.42 20 Non-owner occupied commercial mortgage24 — 48 Commercial and industrial14 0.66 11 Leases— — 6 Investor dependent12 2.75 8 Total commercial21 0.77 14 ConsumerResidential mortgage73 1.51 — Revolving mortgage60 4.08 — Consumer auto30 0.26 — Consumer other46 8.79 — Total consumer68 2.45 — Total loans and leases23 0.86 %14 Note: The financial effects of loan modifications for certain loan classes reported in the tables above were not reported in the preceding tables as the total amortized cost of loans modified 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 June 30, 2025, there were $78 million of loans modified in the twelve months ended June 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 delinqu