Company: FCNCB
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000798941-25-000010
Chunk: 183

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 183
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 to repay. BancShares’ modifications granted to debtors experiencing financial difficulties typically take the form of term extensions, interest rate reductions, payment delays, principal forgiveness, or a combination thereof. Modifications are made in accordance with internal policies and guidelines to conform to regulatory guidance. The following tables present the amortized cost of loan modifications made to debtors experiencing financial difficulty, disaggregated by class and type of loan modification. The tables also provide financial effects by type of such loan modifications for the respective loan class.Amortized Cost of Loans Modified during the year ended December 31, 2024dollars in millionsTerm Extension (1)Payment DelayInterest Rate ReductionTerm Extension(1) and Interest Rate ReductionTerm Extension(1) and Payment DelayOther Combinations(2)TotalPercent of Total Loan ClassCommercialCommercial construction$11 $1 $— $— $— $— $12 0.22 %Owner occupied commercial mortgage37 10 4 1 2 — 54 0.32 Non-owner occupied commercial mortgage184 6 — 9 26 — 225 1.39 Commercial and industrial88 31 30 14 2 — 165 0.52 Total commercial320 48 34 24 30 — 456 0.64 ConsumerResidential mortgage10 — 2 2 — — 14 0.06 Revolving mortgage9 — — 1 — — 10 0.38 Total consumer19 — 2 3 — — 24 0.08 SVBInvestor dependent - early stage— 27 — — 12 1 40 3.94 Investor dependent - growth stage7 37 — — 15 — 59 2.67 Innovation C&I and cash flow dependent55 67 — — — — 122 1.35 Total SVB62 131 — — 27 1 221 0.55 Total loans and leases$401 $179 $36 $27 $57 $1 $701 0.50 %(1) Term extensions include modifications in which the balloon principal payment was deferred to a later date or the loan amortization period was extended.(2) Consists of $1 million of Investor dependent - early stage loans modified with a