Company: FCNCB
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000798941-25-000010
Chunk: 34

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 34
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979 $8,503 49.2 %$10,279 $8,795 Total investment securities100.0 %$44,830 $42,553 100.0 %$30,742 $28,523 100.0 %$20,321 $17,885 (1) Calculated as a percentage of the total fair value of investment securities.

70

The following table presents the weighted average yields for investment securities available for sale and held to maturity at December 31, 2024, segregated by major category with ranges of contractual maturities. The weighted average yield on the portfolio was calculated using security-level annualized yields based on book yield to maturity and takes into account amortization of premiums and accretion of discounts, but does not include the effects of hedging. The total weighted average yields for investment securities available for sale and held to maturity are based on the underlying weighted average amortized cost.

Table 22

Weighted Average Yield on Investment Securities 

December 31, 2024Within One YearOne to Five YearsFive to 10 YearsAfter 10 YearsTotalInvestment securities available for sale:U.S. Treasury4.13 %4.35 %— %— %4.27 %Government agency— 4.58 4.67 — 4.63 Residential mortgage-backed securities (1)— 4.08 4.71 3.95 4.10 Commercial mortgage-backed securities (1)4.54 4.69 6.19 3.07 4.15 Corporate bonds6.40 7.67 5.39 6.13 6.00 Municipal bonds— — — 7.20 7.20 Total investment securities available for sale4.16 %4.45 %4.82 %3.86 %4.21 %Investment securities held to maturity:U.S. Treasury1.19 %1.42 %1.57 %— %1.38 %Government agency1.24 1.51 1.88 — 1.54 Residential mortgage-backed securities (1)— — 2.62 2.43 2.43 Commercial mortgage-backed securities (1)— 2.45 1.82 2.56 2.56 Supran