Company: FCNCB
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000798941-25-000010
Chunk: 37

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 37
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 1 — — Investor dependent - growth stage2,196 2 2,897 2 — — Innovation C&I and cash flow dependent9,097 6 9,658 7 — — Total SVB$40,194 29 %$39,511 29 %$— — %Total loans and leases$140,221 100 %$133,302 100 %$70,781 100 %Allowance for loan and lease losses(1,676)(1,747)(922)Net loans and leases$138,545 $131,555 $69,859 

The unamortized discount related to acquired loans was $1.60 billion at December 31, 2024, a decrease of $438 million from $2.04 billion at December 31, 2023. The decrease from December 31, 2023 reflects accretion of $505 million, including $81 million for unfunded commitments. 

Operating Lease Equipment, Net

As detailed in the following table, our operating lease portfolio mostly relates to the Rail segment, with the remainder included in the Commercial Bank segment. Refer to the “Results by Segment” section of this MD&A for further details on the operating lease equipment portfolio in Rail.

Table 25

Operating Lease Equipment

dollars in millionsDecember 31, 2024December 31, 2023December 31, 2022Railcars and locomotives$8,573 $7,966 $7,433 Other equipment750 780 723 Total (1)$9,323 $8,746 $8,156 

(1)    Includes off-lease rail equipment of $219 million at December 31, 2024, $253 million at December 31, 2023 and $457 million at December 31, 2022.

72

Interest-bearing Liabilities

Interest-bearing liabilities include interest-bearing deposits, securities sold under agreements to repurchase, and borrowings. Interest-bearing liabilities at December 31, 2024 totaled $153.65 billion, an increase of $9.94 billion or 7% from $143.71 billion at December 31, 2023, mainly due to deposit growth as further discussed below. 

Deposits

Total deposits at December 31, 2024 were