Company: FCNCB
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000798941-25-000050
Chunk: 318

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 8
Chunk 318
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 property. At September 30, 2025 and December 31, 2024, the weighted average discount applied was 9.66% and 9.45%, respectively. Changes to the value of the assets between scheduled valuation dates are monitored through continued communication with brokers and monthly reviews by the asset manager assigned to each asset. If there are any significant changes in the market or the subject property, valuations are adjusted or new appraisals are ordered to ensure the reported values reflect the most current information. 

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Financial Instruments Fair ValueThe table below presents the carrying values and estimated fair values for financial instruments, excluding leases and certain other assets and liabilities for which these disclosures are not required.  Carrying Values and Fair Values of Financial Assets and Liabilitiesdollars in millionsSeptember 30, 2025Estimated Fair ValueCarrying ValueLevel 1Level 2Level 3TotalFinancial AssetsCash and due from banks$874 $874 $— $— $874 Interest-earning deposits at banks24,798 24,798 — — 24,798 Securities purchased under agreements to resell83 — 83 — 83 Investment in marketable equity securities110 46 64 — 110 Investment securities available for sale34,963 — 34,854 109 34,963 Investment securities held to maturity10,051 — 8,838 — 8,838 Loans held for sale110 — 80 30 110 Net loans141,074 — 1,618 140,306 141,924 Accrued interest receivable945 — 945 — 945 Federal Home Loan Bank stock20 — 20 — 20 Mortgage servicing rights30 — — 48 48 Derivative assets - non-qualifying hedges570 — 545 25 570 Financial LiabilitiesDeposits with no stated maturity152,116 — 152,116 — 152,116 Time deposits11,074 — 11,058 — 11,058 Credit balances of factoring clients1,326 — — 1,326 1,326 Securities sold under customer repurchase agreements423 — 423 — 423 Long-term borrowings38,185 — 38,211 — 38,211 Accru