Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 402

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 8
Chunk 402
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 borrowing capacity under agreements with the FRB through expansion of the eligible loan population to targeted loans historically not pledged to the FRB. As noted below, the draw period under the Advance Facility Agreement with the FDIC ended March 27, 2025, as of which date, FCB had no outstanding amounts under the facility. 

Table 49

Liquidity

dollars in millionsJune 30, 2025March 31, 2025December 31, 2024Available cash$25,332 $23,769 $20,545 High-quality liquid securities (1)38,284 39,018 38,794 High-quality liquid assets$63,616 $62,787 $59,339 Current Capacity (2) of Credit Facilities:FHLB facility (3)$17,852 $16,542 $16,423 FRB facility10,561 5,612 5,475 FDIC facility (4)— — 5,291 Line of credit100 100 100 Total contingent sources$28,513 $22,254 $27,289 Total liquid assets and contingent sources$92,129 $85,041 $86,628 Total uninsured deposits$57,805 $58,063 $59,510 Coverage ratio of total liquid assets and contingent sources to uninsured deposits159 %146 %146 %

(1)    Consists of readily marketable, unpledged securities, as well as securities pledged but not drawn against at the FHLB and available for sale, and generally is comprised of U.S. Treasury and U.S. agency investment securities held outright or via reverse repurchase agreements.

(2)    Current capacity is based on the amount of collateral pledged and available for use at June 30, 2025, March 31, 2025 and December 31, 2024.

(3)    Refer to Table 50 for additional details.

(4)    The Advance Facility Agreement with the FDIC was obtained in connection with SVBB Acquisition and the draw period ended on March 27, 2025.

We fund our operations through deposits and borrowings. Our primary source of liquidity is derived from our various deposit channels, including our Branch Network and Direct Bank. Total deposits at June 30, 2025 were $159.94 billion, an increase of $4.71 b