Company: FCNCB
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000798941-25-000050
Chunk: 394

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 8
Chunk 394
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 date of earlier redemption).

We continually monitor our capital needs and market conditions in an effort to diversify our borrowing base and capital mix when appropriate. Additionally, we continue to monitor the status of the notice of proposed rulemaking (“NPR”) issued by the federal banking agencies discussing, among other items, the proposed requirement to maintain a certain level of long-term debt that would be available to absorb losses in the event of failure as further discussed in the “Regulatory Considerations” section in Item 1. Business of the 2024 Form 10-K. 

Refer to the “Liquidity Risk” section of this MD&A and Note 9—Borrowings for further information regarding liquidity and borrowings.

Other Assets and Liabilities    

The following table includes the components of other assets: 

Table 31Other Assets

dollars in millionsIncrease (Decrease) from:September 30, 2025June 30, 2025December 31, 2024June 30, 2025December 31, 2024Affordable housing tax credit and other unconsolidated investments (1)$2,831 $2,592 $2,516 $239 9 %$315 13 %Accrued interest receivable945 902 902 43 5 43 5 Fair value of derivative financial instruments570 626 660 (56)(9)(90)(14)Pension and other retirement plan assets670 671 658 (1)— 12 2 Right of use assets for operating leases, net305 318 316 (13)(4)(11)(4)Income tax receivable494 500 505 (6)(1)(11)(2)Counterparty receivables142 164 69 (22)(14)73 105 Bank-owned life insurance108 107 106 1 1 2 2 Nonmarketable equity securities160 140 127 20 14 33 26 Other real estate owned95 97 56 (2)(2)39 71 Mortgage servicing rights30 29 27 1 5 3 12 Federal Home Loan Bank stock20 19 20 1 4 — — Other738 899 778 (161)(18)(40)(5)Total other assets$7,108 $7,064 $6,740 $44 1