Company: FCNCB
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000798941-25-000024
Chunk: 247

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 8
Chunk 247
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2025. The Direct Bank deposits mainly consist of savings deposit accounts. 

SVB Commercial segment deposits as of March 31, 2025 were $37.02 billion or 23.2% of total deposits and are primarily concentrated in online banking. Deposits in the SVB Commercial segment include large dollar accounts with private equity and venture capital clients, primarily in the technology, life science and healthcare industries. 

Deposit accounts with balances in excess of $50 million totaled approximately $7.16 billion as of March 31, 2025, compared to approximately $8.01 billion as of December 31, 2024.

Brokered deposits, included in time deposits in the preceding table, are a source of deposit funding but remain an immaterial amount of total deposits at less than 1% as of March 31, 2025 and December 31, 2024.

Uninsured Deposits

The amount of uninsured deposits is estimated consistent with the methodologies and assumptions utilized in providing information to the FDIC and Federal Reserve. We estimate total uninsured deposits were $58.06 billion, which represented approximately 36.4% of total deposits at March 31, 2025, compared to $59.51 billion or 38.3% of total deposits at December 31, 2024. 

Refer to the “Funding, Liquidity and Capital Overview” and “Results by Segment” sections of this MD&A for further discussion of deposit composition, uninsured deposits, and recent deposit trends.

79

The following table provides the expected maturity of time deposits with balances in excess of $250,000 as of March 31, 2025:

Table 27

Maturities of Time Deposits In Excess of $250,000 

dollars in millionsMarch 31, 2025Time deposits maturing in:Three months or less$888 Over three months through six months394 Over six months through 12 months244 More than 12 months14 Total$1,540 

Borrowings

Total borrowings at March 31, 2025 were $38.41 billion, an increase of $1.36 billion from $37.05 billion at December 31, 2024. The increase from December 31, 2024 primarily related to the Current Quarter Debt Issuances (refer to the table below), as well as higher securities sold under agreements to repurchase.

The following table presents borrowings, net of