Company: FCNCB
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000798941-25-000024
Chunk: 157

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 8
Chunk 157
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 maturity as of March 31, 2025. There were no debt securities on nonaccrual status as of March 31, 2025 or December 31, 2024.Investment securities having an aggregate carrying value of $4.07 billion at March 31, 2025, and $3.94 billion at December 31, 2024, were pledged as collateral to secure public funds on deposit and certain short-term borrowings, and for other purposes as required by law.

Certain investments held by BancShares are reported in other assets, including FHLB stock and nonmarketable securities without readily determinable fair values that are recorded at cost, and investments in qualified affordable housing projects, all of which are accounted for under the proportional amortization method (“PAM”). 

17

NOTE 4 — LOANS AND LEASESUnless otherwise noted, loans held for sale are not included in the following tables. Leases in the following tables include finance leases, but exclude operating lease equipment. Loans by Class dollars in millionsMarch 31, 2025December 31, 2024CommercialCommercial construction$5,529 $5,109 Owner occupied commercial mortgage16,951 16,842 Non-owner occupied commercial mortgage16,139 16,194 Commercial and industrial31,899 31,640 Leases2,022 2,014 Total commercial72,540 71,799 ConsumerResidential mortgage23,060 23,152 Revolving mortgage2,635 2,567 Consumer auto1,487 1,523 Consumer other965 986 Total consumer28,147 28,228 SVBGlobal fund banking28,572 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