Company: FCNCB
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000798941-25-000024
Chunk: 36

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 1
Chunk 36
---
, 2024.

30

Loans Pledged The following table provides information regarding loans pledged as collateral for borrowing capacity through the FHLB of Atlanta, the Federal Reserve Bank (“FRB”) and FDIC. Loans Pledged dollars in millionsMarch 31, 2025December 31, 2024FHLB of AtlantaLendable collateral value of pledged non-PCD loans$17,992 $17,873 Less: advances— — Less: letters of credit1,450 1,450 Available borrowing capacity$16,542 $16,423 Pledged non-PCD loans$30,112 $30,421 FRBLendable collateral value of pledged non-PCD loans$5,612 $5,475 Less: advances— — Available borrowing capacity$5,612 $5,475 Pledged non-PCD loans$6,432 $6,309 FDIC Lendable collateral value of pledged loans$39,415 $41,282 Less: advances— — Less: Purchase Money Note35,991 35,991 Available borrowing capacity (1)$— $5,291 Pledged loans$39,173 $41,040 (1) The draw period ended on March 27, 2025, therefore there is no available borrowing capacity at March 31, 2025.As a member of the FHLB, FCB can access financing based on an evaluation of its creditworthiness, statement of financial position, size and eligibility of collateral. FCB may at any time grant a security interest in, sell, convey or otherwise dispose of any of the assets used for collateral, provided that FCB is in compliance with the collateral maintenance requirement immediately following such disposition.Under borrowing arrangements with the FRB, BancShares has access to the FRB Discount Window on a secured basis. There were no outstanding borrowings with the FRB Discount Window at March 31, 2025 or December 31, 2024. In connection with the SVBB Acquisition, FCB and the FDIC entered into financing agreements, including the five-year Purchase Money Note, and the Advance Facility Agreement, which allowed for advances through March 27, 2025. There were no amounts outstanding at the end of the draw period of the facility on March 27, 2025. Refer to Note 2—Business Combinations for further discussion of