Company: FCNCB
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000798941-25-000050
Chunk: 106

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 1
Chunk 106
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 outstanding on the facility at the end of the draw period on March 27, 2025. 

Refer to Note 2—Business Combinations in our 2024 Form 10-K for further discussion of the SVBB Acquisition, Purchase Money Note, and the Advance Facility Agreement. 

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NOTE 3 — INVESTMENT SECURITIESThe following tables include the amortized cost and fair value of investment securities:Amortized Cost and Fair Value - Investment Securities dollars in millions September 30, 2025Amortized CostGross Unrealized GainsGross Unrealized LossesFair ValueInvestment securities available for saleU.S. Treasury$13,729 $54 $(2)$13,781 Government agency53 — (1)52 Residential mortgage-backed securities17,550 236 (351)17,435 Commercial mortgage-backed securities3,582 27 (181)3,428 Corporate bonds256 — (6)250 Municipal bonds17 — — 17 Total investment securities available for sale$35,187 $317 $(541)$34,963 Investment in marketable equity securities$78 $33 $(1)$110 Investment securities held to maturityU.S. Treasury$387 $— $(18)$369 Government agency1,459 — (64)1,395 Residential mortgage-backed securities4,568 28 (513)4,083 Commercial mortgage-backed securities3,358 — (625)2,733 Supranational securities277 — (21)256 Other2 — — 2 Total investment securities held to maturity$10,051 $28 $(1,241)$8,838 Total investment securities$45,316 $378 $(1,783)$43,911 December 31, 2024Amortized CostGross Unrealized GainsGross Unrealized LossesFair ValueInvestment securities available for saleU.S. Treasury$13,897 $33 $(27)$13,903 Government agency79 — (2)77 Residential mortgage-backed securities16,161 41 (582)15,620 Commercial mortgage-backed securities3,869 7 (210)3,666 Corporate bonds489 — (22)467 Municipal bonds17 — —