Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 13

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 2
Chunk 13
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72,956 Commercial Bank segment2,899 2,994 3,502 SVB Commercial segment37,798 37,020 36,524 Corporate and Rail segment45,739 45,002 42,247 Total deposits$159,935 $159,325 $155,229 

Deposit trends for the segments and Corporate at June 30, 2025 compared to December 31, 2024 are discussed below:

•General Bank segment deposit growth of $543 million was primarily in the Branch Network.

•SVB Commercial segment deposits increased $1.27 billion, despite the strategic decision to move $2.4 billion in select cash sweep deposits to off-balance sheet client funds during the Linked Quarter. Deposit growth was mainly in noninterest-bearing deposits, partially offset by declines in interest-bearing checking.

•Corporate deposit growth of $3.51 billion was mainly in the Direct Bank.

•Commercial Bank segment deposit decline of $603 million was mostly in noninterest-bearing deposits.

Refer to the “Results by Segments” for a discussion of deposits at June 30, 2025 compared to March 31, 2025.

Liquidity Position

We strive to maintain a strong liquidity position and our risk appetite for liquidity is low. At June 30, 2025, we had $63.62 billion in high-quality liquid assets consisting of $25.33 billion in cash and interest-earning deposits at banks (primarily held at the Federal Reserve Bank (“FRB”)) and $38.28 billion in high-quality liquid securities (“HQLS”). HQLS are mainly composed of U.S. agency mortgage-backed and U.S. Treasury investment securities. Additionally, we have unused borrowing capacity with the Federal Home Loan Bank (“FHLB”) and FRB of $17.85 billion and $10.56 billion, respectively.

In connection with the SVBB Acquisition (as defined and described in Note 2—Business Combinations), FCB and the FDIC, as lender and as collateral agent, entered into the Advance Facility Agreement (as defined and described in Note 2—Business Combinations). The draw period under the Advance Facility Agreement ended March 27, 2025, as of which date, FCB had no outstanding amounts under the facility. During the Current Quarter, we increased our borrowing capacity under agreements with the FRB through expansion of the eligible loan population to