Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 384

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 8
Chunk 384
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 121 16 Total other assets$7,064 $6,796 $6,740 $268 4 %$324 5 %

(1)    Refer to Note 8—Variable Interest Entities for additional information.

86

The following table includes the components of other liabilities: 

Table 32

Other Liabilities

dollars in millionsIncrease (Decrease) from:June 30, 2025March 31, 2025December 31, 2024March 31, 2025December 31, 2024Deferred taxes$3,560 $3,525 $3,534 $35 1 %$26 1 %Commitments to fund tax credit investments1,163 1,234 1,214 (71)(6)(51)(4)Accrued personnel cost (1)697 495 1,024 202 41 (327)(32)Fair value of derivative financial instruments631 541 625 90 17 6 1 Lease liabilities356 340 357 16 5 (1)— Reserve for off-balance sheet credit exposure288 284 278 4 2 10 4 Accrued interest payable120 107 134 13 13 (14)(10)Accounts payable and other1,418 1,125 1,030 293 26 388 38 Total other liabilities$8,233 $7,651 $8,196 $582 8 %$37 1 %

(1) Includes accruals for annual incentive compensation which is typically paid during the first quarter. Additionally, accrued personnel cost can fluctuate based on timing of the payroll cycle.  

A reserve for off-balance sheet credit exposure is established for unfunded commitments and is included in other liabilities. BancShares estimates the expected funding amounts and applies its probability of obligor default (“PD”) and loss given default (“LGD”) models to those expected funding amounts to estimate the reserve. The reserve for off-balance sheet credit exposure was $288 million at June 30, 2025, an increase of $10 million compared to $278 million at December 31, 2024 and an increase of $4 million compared to $284 million at March 31, 2025. Refer to the “Provision for Credit Losses” section of