Company: FCNCB
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000798941-25-000024
Chunk: 104

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 1
Chunk 104
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 — 2.08 2.57 2.57 Commercial mortgage-backed securities (1)— 2.46 1.80 2.53 2.53 Supranational securities1.23 1.49 1.68 — 1.56 Other3.86 — — — 3.86 Total investment securities held to maturity1.24 %1.49 %1.79 %2.55 %2.32 %

(1) Residential mortgage-backed and commercial mortgage-backed securities, which are not due at a single maturity date, have been included in maturity groupings based on the contractual maturity at March 31, 2025. The expected life will differ from contractual maturities because borrowers have the right to prepay the underlying loans.

Assets Held for Sale

Assets held for sale at March 31, 2025 were $185 million, an increase of $100 million or 119% from $85 million at December 31, 2024.   

Table 23

Assets Held for Sale

dollars in millionsMarch 31, 2025December 31, 2024Loans and leases:Commercial$113$27Consumer7055SVB——Loans and leases18382Operating lease equipment23Total assets held for sale$185$85

Loans and Leases

Loans and leases held for investment at March 31, 2025 were $141.36 billion, an increase of $1.14 billion or 1% from $140.22 billion at December 31, 2024. The increase from December 31, 2024 reflects growth in commercial and SVB loans. The increase of $741 million in commercial loans was spread across various industry verticals such as TMT and healthcare.  Within SVB loan classes, the $477 million growth was mostly attributed to the global fund banking portfolio, partially offset by declines in investor dependent portfolios as loan payments exceeded new originations. Consumer loans decreased $81 million, as we continue to originate and sell rather than hold for investment. 

Refer to Note 4—Loans and Leases for further information.

77

The following table presents loans and leases by loan segment and loan class, and the respective proportion to total loans:

Table 24

Loans and Leases 

dollars in millionsMarch 31, 2025December 31