Company: FCNCB
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000798941-25-000024
Chunk: 323

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 2
Chunk 323
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The following table presents the investment securities portfolio, segregated by major category:  

Table 21

Investment Securities 

dollars in millionsMarch 31, 2025December 31, 2024Amortized CostFair ValueComposition(1)Amortized CostFair ValueComposition(1)Investment securities available for sale:U.S. Treasury$13,105 $13,150 30.6 %$13,897 $13,903 32.7 %Government agency71 69 0.2 79 77 0.2 Residential mortgage-backed securities16,905 16,605 38.6 16,161 15,620 36.7 Commercial mortgage-backed securities3,759 3,594 8.4 3,869 3,666 8.6 Corporate bonds483 465 1.1 489 467 1.1 Municipal bonds17 17 — 17 17 — Total investment securities available for sale$34,340 $33,900 78.9 %$34,512 $33,750 79.3 %Investment in marketable equity securities$78 $95 0.2 %$79 $101 0.2 %Investment securities held to maturity:U.S. Treasury$484 $459 1.1 %$483 $452 1.1 %Government agency1,491 1,400 3.3 1,489 1,374 3.2 Residential mortgage-backed securities4,668 4,090 9.5 4,558 3,878 9.1 Commercial mortgage-backed securities3,378 2,748 6.4 3,407 2,729 6.5 Supranational securities301 274 0.6 300 267 0.6 Other2 2 — 2 2 — Total investment securities held to maturity$10,324 $8,973 20.9 %$10,239 $8,702 20.5 %Total investment securities$44,742 $42,968 100.0 %$44,830 $42,553 100.0 %(1) Calculated as a percentage of the total fair value of investment securities.

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