Company: FCNCB
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000798941-25-000024
Chunk: 175

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 8
Chunk 175
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 — 3 212 Total loans and leases$696 $20 $3 $31 $750 Modified Loans Payment Status (twelve months ended March 31, 2024)dollars in millionsCurrent30–59 Days Past Due60–89 Days Past Due90 Days or Greater Past DueTotalCommercialCommercial construction$4 $— $— $— $4 Owner occupied commercial mortgage26 2 — 1 29 Non-owner occupied commercial mortgage314 39 — — 353 Commercial and industrial107 5 2 1 115 Total commercial451 46 2 2 501 ConsumerResidential mortgage15 1 — 1 17 Revolving mortgage4 — — — 4 Total consumer19 1 — 1 21 SVBInvestor dependent - early stage22 2 — 3 27 Investor dependent - growth stage63 — — — 63 Innovation C&I and cash flow dependent56 — — 28 84 Total SVB141 2 — 31 174 Total loans and leases$611 $49 $2 $34 $696 At March 31, 2025, there were $6 million of commitments to lend additional funds to debtors experiencing financial difficulty for which the terms of the loan were modified during the three months ended March 31, 2025. At December 31, 2024, there were $55 million of commitments to lend additional funds to debtors experiencing financial difficulty for which the terms of the loan were modified during the year ended December 31, 2024.

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Loans Pledged The following table provides information regarding loans pledged as collateral for borrowing capacity through the FHLB of Atlanta, the Federal Reserve Bank (“FRB”) and FDIC. Loans Pledged dollars in millionsMarch 31, 2025December 31, 2024FHLB of AtlantaLendable collateral value of pledged non-PCD loans$17,992 $17,873 Less: advances— — Less: letters of credit1,450 1,450 Available borrowing capacity$16,542 $16,423 Pledged non-PCD loans$30,112 $30,421 FRBLendable collateral value of pledged non-PCD loans$5,612