Company: FCNCB
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000798941-25-000010
Chunk: 184

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 184
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 term extension, interest rate reduction, and payment delay.Amortized Cost of Loans Modified during the year ended December 31, 2023dollars in millionsTerm Extension (1)Payment DelayInterest Rate ReductionTerm Extension(1) and Interest Rate ReductionTerm Extension(1) and Payment DelayOther Combinations(2)TotalPercent of Total Loan ClassCommercialCommercial construction$4 $— $— $— $— $— $4 0.10 %Owner occupied commercial mortgage16 — 2 — — — 18 0.11 Non-owner occupied commercial mortgage258 — — 40 — — 298 1.99 Commercial and industrial106 10 — 5 — — 121 0.41 Total commercial384 10 2 45 — — 441 0.67 ConsumerResidential mortgage8 — — 3 — 3 14 0.06 Revolving mortgage2 — — 1 — — 3 0.12 Total consumer10 — — 4 — 3 17 0.06 SVBInvestor dependent - early stage3 17 — — — 6 26 1.88 Investor dependent - growth stage8 28 — — — — 36 1.24 Innovation C&I and cash flow dependent72 — — — 7 — 79 0.81 Total SVB83 45 — — 7 6 141 0.36 Total loans and leases$477 $55 $2 $49 $7 $9 $599 0.45 %(1) Term extensions include modifications in which the balloon principal payment was deferred to a later date or the loan amortization period was extended.(2) Consists of $6 million of Investor dependent - early stage loans modified with a term extension, interest rate reduction, and payment delay as well as $3 million of Residential mortgages modified with a payment delay and interest rate reduction.

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Financial Effects of Loan Modifications made during the year ended December 31, 2024dollars in millionsWeighted Average Term Extension (in Months)Weighted Average Interest Rate ReductionWeighted Average Payment Delay (in Months)Amount of Principal ForgivenCommercialCommercial construction6 0.60