Company: FCNCB
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000798941-25-000024
Chunk: 18

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 1
Chunk 18
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27,904 Investor dependent - early stage908 997 Investor dependent - growth stage2,050 2,196 Innovation C&I and cash flow dependent9,141 9,097 Total SVB (1)40,671 40,194 Total loans and leases$141,358 $140,221 (1) Total SVB Loans are irrespective of segment composition further described in Note 17—Segment Information.At March 31, 2025 and December 31, 2024, accrued interest receivable on loans included in other assets was $601 million and $603 million, respectively, and was excluded from the estimate of credit losses.   The discount on acquired loans is accreted to interest income over the contractual life of the loan using the effective interest method. Discount accretion income was $84 million for the three months ended March 31, 2025, including $8 million for unfunded commitments. Discount accretion income was $163 million for the three months ended March 31, 2024, including $35 million for unfunded commitments.The following table presents selected components of the amortized cost of loans, including the unamortized discount on acquired loans.Components of Amortized Cost dollars in millionsMarch 31, 2025December 31, 2024Deferred fees, including unamortized costs and unearned fees on non-PCD loans$(85)$(91)Net unamortized discount on acquired loansNon-PCD$1,449$1,504PCD7594 Total net unamortized discount$1,524$1,598The aging and nonaccrual status of the outstanding loans and leases by class at March 31, 2025 and December 31, 2024 are provided in the tables below. Loans and leases less than 30 days past due are considered current, as various grace periods allow borrowers to make payments within a stated period after the due date and remain in compliance with the respective agreement.

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Loans and Leases - Delinquency and Nonaccrual Status (1) (2)dollars in millionsMarch 31, 2025Accruing Loans30-59 DaysPast Due60-89 DaysPast Due90 Days orGreaterTotalPast DueCurrentTotal AccruingNonaccrual LoansTotalCommercialCommercial construction$21 $17 $41 $79 $5,441 $5,