Company: FCNCB
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000798941-25-000024
Chunk: 127

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 1
Chunk 127
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Table 46

Liquidity

dollars in millionsMarch 31, 2025December 31, 2024Available cash$23,769 $20,545 High-quality liquid securities (1)39,018 38,794 High-quality liquid assets$62,787 $59,339 Credit Facilities:Current Capacity(2)Current Capacity(2)FHLB facility (3)$16,542 $16,423 FRB facility5,612 5,475 FDIC facility (4)— 5,291 Line of credit100 100 Total contingent sources$22,254 $27,289 Total liquid assets and contingent sources$85,041 $86,628 Total uninsured deposits$58,063 $59,510 Coverage ratio of total liquid assets and contingent sources to uninsured deposits146 %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 March 31, 2025 and December 31, 2024.

(3)    Refer to Table 47 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 March 31, 2025 were $159.33 billion, an increase of $4.10 billion or 3% from $155.23 billion at December 31, 2024. 

We use borrowings to diversify the funding of our business operations. In addition to the Purchase Money Note and FHLB advances, borrowings also include senior unsecured notes, securities sold under customer repurchase agreements, and subordinated notes. Total borrowings at March 31, 2025 were $38.41 billion, an increase of $1.36 billion from $37.05 billion at December 31, 2024. The increase is primarily due to the Current Quarter