Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 239

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 1
Chunk 239
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2025, March 31, 2025 and December 31, 2024. 

FDIC Credit Facility

FCB and the FDIC entered into the Advance Facility Agreement, dated as of March 27, 2023, and effective as of November 20, 2023, providing total advances available through March 27, 2025 of up to $70 billion solely to provide liquidity to offset deposit withdrawal or runoff of former SVBB deposit accounts and to fund the unfunded commercial lending commitments acquired in the SVBB Acquisition. There were no amounts outstanding at the end of the draw period on March 27, 2025. 

Refer to Note 2—Business Combinations for further discussion.

Contractual Obligations and Commitments 

The following table includes significant contractual obligations and commitments as of June 30, 2025, representing required and potential cash outflows, including impacts from purchase accounting adjustments and deferred fees. Refer to Note 18—Commitments and Contingencies for additional information regarding commitments. Financing commitments, letters of credit and deferred purchase commitments are presented at contractual amounts and do not necessarily reflect future cash outflows, as many are expected to expire unused or partially used. 

Table 51

Contractual Obligations and Commitments

dollars in millionsPayments Due by PeriodLess than 1 year1-3 years4-5 yearsThereafterTotalContractual obligations:Time deposits$10,962 $229 $51 $— $11,242 Short-term borrowings471 — — — 471 Long-term borrowings (1)(2)(40)36,320 (1)1,362 37,641 Total contractual obligations$11,393 $36,549 $50 $1,362 $49,354 Commitments:Financing commitments$29,986 $14,373 $1,839 $6,608 $52,806 Letters of credit1,764 530 13 17 2,324 Deferred purchase agreements1,463 — — — 1,463 Purchase and funding commitments57 — — — 57 Affordable housing partnerships (1)554 525 35 49 1,163 Total commitments$33,824 $15,428 $1,887 $6,674 $57,813 

(1)    Long-term