Company: FCNCB
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000798941-25-000024
Chunk: 338

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 2
Chunk 338
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 2024Balance% to TotalLoans and LeasesBalance% to TotalLoans and LeasesMulti-Family$4,465 3.16 %$4,647 3.31 %Medical Office3,738 2.64 3,730 2.66 Industrial/Warehouse3,632 2.57 3,604 2.57 General Office2,376 1.68 2,476 1.77 Retail1,862 1.32 1,863 1.33 Healthcare1,277 0.90 1,162 0.83 Hotel/Motel861 0.61 876 0.62 Other5,173 3.66 4,559 3.25 Total$23,384 16.54 %$22,917 16.34 %

(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.

86

Evolving macroeconomic and social conditions (including the shift to more hybrid work arrangements) may result in changes for general office demand moving forward. Select metrics specific to our general office loan portfolio are as follows:

Table 36

Select General Office Loan Metrics

dollars in millionsMarch 31, 2025December 31, 2024% of total loans and leases1.68  %1.77  %% of CRE loans10.16  %10.81  %Average loan balance$2 $2 Net charge-offs (YTD annualized %)4.77  %3.95  %Delinquencies as a % of general office loans11.08  %10.92  %Non-performing loans as a % of general office loans10.87  %12.10  %ALLL ratio4.35  %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