Company: FCNCB
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000798941-25-000010
Chunk: 210

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 210
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 Accrued interest payable134 — 134 — 134 Derivative liabilities - qualifying hedges— — — — — Derivative liabilities - non-qualifying hedges625 — 624 1 625 December 31, 2023Estimated Fair ValueCarrying ValueLevel 1Level 2Level 3TotalFinancial AssetsCash and due from banks$908 $908 $— $— $908 Interest-earning deposits at banks33,609 33,609 — — 33,609 Securities purchased under agreements to resell473 — 473 — 473 Investment in marketable equity securities84 36 48 — 84 Investment securities available for sale19,936 — 19,779 157 19,936 Investment securities held to maturity9,979 — 8,503 — 8,503 Loans held for sale73 — 38 35 73 Net loans129,545 — 1,479 125,217 126,696 Accrued interest receivable832 — 832 — 832 Federal Home Loan Bank stock20 — 20 — 20 Mortgage servicing rights25 — — 42 42 Derivative assets - qualifying hedges— — — — — Derivative assets - non-qualifying hedges640 — 633 7 640 Financial LiabilitiesDeposits with no stated maturity129,427 — 129,427 — 129,427 Time deposits16,427 — 16,416 — 16,416 Credit balances of factoring clients1,089 — — 1,089 1,089 Securities sold under customer repurchase agreements485 — 485 — 485 Long-term borrowings37,160 — 36,816 — 36,816 Accrued interest payable137 — 137 — 137 Derivative liabilities - qualifying hedges— — — — — Derivative liabilities - non-qualifying hedges636 — 635 1 636 

162

The methods and assumptions used to estimate the fair value of each class of financial instruments not discussed elsewhere are as follows:Interest-earning Deposits at Banks. The carrying value of interest