Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 76

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 2
Chunk 76
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 debt issued in conjunction with these transactions is collateralized by certain discrete receivables, securities, loans, leases and/or underlying equipment. Certain related cash balances are restricted.  

Table 50

FHLB Balances

dollars in millionsJune 30, 2025March 31, 2025December 31, 2024Total borrowing capacity$18,552 $17,992 $17,873 Less:Advances— — — Letters of credit (1)700 1,450 1,450 Available capacity$17,852 $16,542 $16,423 Pledged Non-PCD loans$30,835 $30,112 $30,421 

(1)    Letters of credit were established with the FHLB to collateralize public funds. One of the letters of credit expired during the Current Quarter and was replaced subsequent to June 30, 2025.

FRB Capacity

Under borrowing arrangements with the FRB, FCB has access to $10.56 billion on a secured basis. During the Current Quarter, we pledged additional loan collateral and increased our borrowing capacity under agreements with the FRB. There were no outstanding borrowings with the FRB Discount Window at June 30, 2025, March 31, 2025 and December 31, 2024. 

FDIC Credit Facility

FCB and the FDIC entered into the Advance Facility Agreement, dated as of March 27, 2023, and effective as of November 20, 2023, providing total advances available through March 27, 2025 of up to $70 billion solely to provide liquidity to offset deposit withdrawal or runoff of former SVBB deposit accounts and to fund the unfunded commercial lending commitments acquired in the SVBB Acquisition. There were no amounts outstanding at the end of the draw period on March 27, 2025. 

Refer to Note 2—Business Combinations for further discussion.

Contractual Obligations and Commitments 

The following table includes significant contractual obligations and commitments as of June 30, 2025, representing required and potential cash outflows, including impacts from purchase accounting adjustments and deferred fees. Refer to Note 18—Commitments and Contingencies for additional information regarding commitments. Financing commitments, letters of credit and deferred purchase commitments are presented at contractual amounts and do not necessarily reflect future cash outflows, as many are expected to expire unused