Company: FCNCB
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000798941-25-000024
Chunk: 105

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 1
Chunk 105
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, 2024Balance% to Total LoansBalance% to Total LoansCommercial:Commercial construction$5,529 4 %$5,109 4 %Owner occupied commercial mortgage16,951 12 16,842 12 Non-owner occupied commercial mortgage16,139 11 16,194 12 Commercial and industrial31,899 23 31,640 22 Leases2,022 1 2,014 1 Total commercial$72,540 51 %$71,799 51 %Consumer:Residential mortgage$23,060 16 %$23,152 16 %Revolving mortgage2,635 2 2,567 2 Consumer auto1,487 1 1,523 1 Consumer other965 1 986 1 Total consumer$28,147 20 %$28,228 20 %SVB:Global fund banking$28,572 20 %$27,904 20 %Investor dependent - early stage908 1 997 1 Investor dependent - growth stage2,050 1 2,196 2 Innovation C&I and cash flow dependent9,141 6 9,097 6 Total SVB (1)$40,671 29 %$40,194 29 %Total loans and leases$141,358 100 %$140,221 100 %Allowance for loan and lease losses(1,680)(1,676)Net loans and leases$139,678 $138,545 

(1) Total SVB loans are irrespective of segment composition further described in Note 17—Segment Information.

The unamortized discount related to acquired loans was $1.52 billion at March 31, 2025, a decrease of $74 million from $1.60 billion at December 31, 2024. The decrease from December 31, 2024 reflects accretion of $84 million, including $8 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, Net

dollars in millionsMarch