Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 52

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 2
Chunk 52
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 — 2,460 2 Total deposits$159,935 $159,325 $155,229 $610 — %$4,706 3 %Noninterest-bearing deposits to total deposits25.6 %25.6 %24.9 %

We strive to maintain a strong liquidity position, and therefore, deposit retention remains a key business objective. We believe traditional bank deposit products remain an attractive option for many customers. As economic conditions change, we recognize that our liquidity position could be adversely affected if bank deposits are withdrawn. Our ability to fund future loan growth is significantly dependent on our success in retaining existing deposits and generating new deposits at a reasonable cost. 

Deposit Concentrations 

BancShares operates a network of branches and offices, predominantly located in the Southeast, Mid-Atlantic, Midwest and Western United States, providing a broad range of financial services to individuals, businesses and professionals. Based on branch location, our top state deposit concentrations as of June 30, 2025 were in North Carolina, South Carolina, and California, which represented approximately 25.2%, 7.7%, and 7.0%, respectively, of total deposits. 

The Direct Bank had $45.11 billion or 28.2% of our total deposits as of June 30, 2025. The Direct Bank deposits mainly consist of savings deposit accounts. 

SVB Commercial segment deposits as of June 30, 2025 were $37.80 billion or 23.6% 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 $6.30 billion as of June 30, 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 June 30, 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 $57.80 billion, which represented approximately 36.1% of total deposits at