Company: FCNCB
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000798941-25-000024
Chunk: 174

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 8
Chunk 174
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53 2.41 — — SVBInvestor dependent - early stage6 — 7 — Investor dependent - growth stage19 — 10 — Innovation C&I and cash flow dependent12 — 6 — Total SVB14 — 9 — Total loans and leases21 1.52 %22 $— Borrowers experiencing financial difficulties are typically identified in our credit risk management process before loan modifications occur. An assessment of whether a borrower is experiencing financial difficulty is reassessed or performed on the date of a modification. Since the effect of most modifications made to borrowers experiencing financial difficulty is already included in the ALLL because of the measurement methodologies used to estimate the ALLL, a change to the ALLL is generally not recorded upon modification. Upon BancShares’ determination that a modified loan (or portion of a loan) has subsequently been deemed uncollectible, the loan (or a portion of the loan) is charged off. At March 31, 2025, there were $53 million of loans modified in the twelve months ended March 31, 2025, which defaulted subsequent to modification. 

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The following tables present the amortized cost and performance of loans to borrowers experiencing financial difficulties for which the terms of the loan were modified during the referenced periods. The period of delinquency is based on the number of days the scheduled payment is contractually past due.Modified Loans Payment Status (twelve months ended March 31, 2025)dollars in millionsCurrent30–59 Days Past Due60–89 Days Past Due90 Days or Greater Past DueTotalCommercialCommercial construction$25 $— $— $— $25 Owner occupied commercial mortgage61 3 1 — 65 Non-owner occupied commercial mortgage204 9 — 23 236 Commercial and industrial180 4 1 2 187 Total commercial470 16 2 25 513 ConsumerResidential mortgage12 1 1 3 17 Revolving mortgage8 — — — 8 Total consumer20 1 1 3 25 SVBInvestor dependent - early stage22 3 — — 25 Investor dependent - growth stage41 — — — 41 Innovation C&I and cash flow dependent143 — — 3 146 Total SVB206 3