Company: FCNCB
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000798941-25-000050
Chunk: 124

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 1
Chunk 124
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 difficulties typically take the form of term extensions, interest rate reductions, payment delays, principal forgiveness, or a combination thereof. Modifications are made in accordance with internal policies and guidelines to conform to regulatory guidance. The following tables present the amortized cost of loan modifications made to debtors experiencing financial difficulty, disaggregated by class and type of loan modification. The tables also provide financial effects by type of such loan modifications for the respective loan class. Loan modifications for principal forgiveness round to less than $1 million for all loan classes in all periods presented and are not presented in the following tables.Amortized Cost of Loans Modified during the three months ended September 30, 2025dollars in millionsTerm Extension (1)Payment DelayInterest Rate ReductionTerm Extension (1) and Interest Rate ReductionTerm Extension (1) and Payment DelayOther Combinations (2)TotalPercent of Total Loan ClassCommercialCommercial construction$8 $— $— $— $7 $— $15 0.24 %Owner occupied commercial mortgage8 3 — — — — 11 0.07 Non-owner occupied commercial mortgage61 9 — 45 — — 115 0.74 Commercial and industrial233 48 — 14 4 1 300 0.73 Investor dependent9 40 — — 4 — 53 1.92 Total commercial319 100 — 59 15 1 494 0.42 ConsumerResidential mortgage7 — 1 — 2 — 10 0.04 Total consumer7 — 1 — 2 — 10 0.04 Total loans and leases$326 $100 $1 $59 $17 $1 $504 0.35 %(1) Term extensions include modifications in which the balloon principal payment was deferred to a later date or the loan amortization period was extended.(2) Consists of $1 million of commercial and industrial loans modified with a term extension, payment delay, and interest rate reduction.Amortized Cost of Loans Modified during the three months ended September 30, 2024dollars in millionsTerm Extension (1)Payment DelayInterest Rate ReductionTerm Extension (1) and Interest Rate ReductionTerm Extension (1) and Payment DelayTotalPercent of Total Loan ClassCommercialOwner occupied commercial mortgage$15 $1 $— $8