Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 53

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 2
Chunk 53
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 June 30, 2025, compared to $59.51 billion or 38.3% of total deposits at December 31, 2024. 

Refer to the “Executive Overview—Funding, Liquidity and Capital Overview” and “Results by Segment” sections of this MD&A for further discussion of deposit composition, uninsured deposits, and recent deposit trends.

84

The following table provides the expected maturity of time deposits with balances in excess of $250,000 as of June 30, 2025:

Table 28

Maturities of Time Deposits In Excess of $250,000 

dollars in millionsJune 30, 2025Time deposits maturing in:Three months or less$659 Over three months through six months373 Over six months through 12 months300 More than 12 months14 Total$1,346 

Borrowings

Total borrowings at June 30, 2025 were $38.11 billion, an increase of $1.06 billion or 3% from $37.05 billion at December 31, 2024. The increase from December 31, 2024 primarily related to the Linked Quarter Debt Issuances (refer to the table below), as well as higher securities sold under agreements to repurchase, partially offset by the Current Quarter Debt Redemption.

The following table presents borrowings, net of the respective unamortized purchase accounting adjustments and issuance costs:

Table 29

Borrowings

dollars in millionsIncrease (Decrease) from:June 30, 2025March 31, 2025December 31, 2024March 31, 2025December 31, 2024Securities sold under agreements to repurchase$471 $450 $367 $21 5 %$104 28 %Federal Deposit Insurance Corporation   3.500% fixed rate note due March 2028(1)35,841 35,829 35,816 12 — 25 — Senior Unsecured Borrowings5.231% fixed-to-floating rate notes due March 2031(2)497 497 — — — 497 100    6.000% fixed rate notes due April 203658 58 58 — — — — Subordinated debt3.375% fixed-to-floating rate notes due March 2030(3)— 350