Company: FCNCB
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000798941-25-000024
Chunk: 158

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 8
Chunk 158
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 life of the loan using the effective interest method. Discount accretion income was $84 million for the three months ended March 31, 2025, including $8 million for unfunded commitments. Discount accretion income was $163 million for the three months ended March 31, 2024, including $35 million for unfunded commitments.The following table presents selected components of the amortized cost of loans, including the unamortized discount on acquired loans.Components of Amortized Cost dollars in millionsMarch 31, 2025December 31, 2024Deferred fees, including unamortized costs and unearned fees on non-PCD loans$(85)$(91)Net unamortized discount on acquired loansNon-PCD$1,449$1,504PCD7594 Total net unamortized discount$1,524$1,598The aging and nonaccrual status of the outstanding loans and leases by class at March 31, 2025 and December 31, 2024 are provided in the tables below. Loans and leases less than 30 days past due are considered current, as various grace periods allow borrowers to make payments within a stated period after the due date and remain in compliance with the respective agreement.

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Loans and Leases - Delinquency and Nonaccrual Status (1) (2)dollars in millionsMarch 31, 2025Accruing Loans30-59 DaysPast Due60-89 DaysPast Due90 Days orGreaterTotalPast DueCurrentTotal AccruingNonaccrual LoansTotalCommercialCommercial construction$21 $17 $41 $79 $5,441 $5,520 $9 $5,529 Owner occupied commercial mortgage59 7 3 69 16,806 16,875 76 16,951 Non-owner occupied commercial mortgage104 54 71 229 15,543 15,772 367 16,139 Commercial and industrial185 50 9 244 31,298 31,542 357 31,899 Leases48 8 1 57 1,936 1,993 29 2,022 Total commercial417 136 125 678 71,024 71,702 838 72,540 ConsumerResidential mortgage188 28 6 222 22,677 22,899 161