Company: FCNCB
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000798941-25-000050
Chunk: 300

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 8
Chunk 300
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 statement of financial position, size and eligibility of collateral. FCB may at any time grant a security interest in, sell, convey or otherwise dispose of any of the assets used for collateral, provided that FCB is in compliance with the collateral maintenance requirement immediately following such disposition. There were no outstanding advances from the FHLB at September 30, 2025 or December 31, 2024. Under borrowing arrangements with the FRB, BancShares has access to the FRB Discount Window on a secured basis. There were no outstanding borrowings with the FRB Discount Window at September 30, 2025 or December 31, 2024. In connection with the SVBB Acquisition, FCB and the FDIC entered into financing agreements, including the five-year Purchase Money Note, and the Advance Facility Agreement, which allowed for advances through March 27, 2025. There were no amounts outstanding at the end of the draw period of the facility on March 27, 2025. Refer to Note 2—Business Combinations for further discussion of these agreements and Note 9—Borrowings for the outstanding carrying value of the Purchase Money Note.

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NOTE 5 — ALLOWANCE FOR LOAN AND LEASE LOSSESThe ALLL is reported as a separate line item on the Consolidated Balance Sheets, while the reserve for off-balance sheet credit exposure is included in other liabilities. The provision or benefit for credit losses related to (i) loans and leases (ii) off-balance sheet credit exposure, and (iii) investment securities available for sale, if any, is reported in the Consolidated Statements of Income as provision or benefit for credit losses. The ALLL activity for loans and leases is summarized in the following table:Allowance for Loan and Lease Losses dollars in millionsThree Months Ended September 30, 2025Three Months Ended September 30, 2024CommercialConsumerTotalCommercialConsumerTotalBalance at beginning of period$1,512 $160 $1,672 $1,547 $153 $1,700 Provision (benefit)  for loan and lease losses238 (24)214 123 — 123 Charge-offs(244)(12)(256)(169)(8)(177)Recoveries18 4 22 27 5 32 Balance at end of period$1,524 $128 $1,652 $1,528 $150 $1,678