Company: FCNCB
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000798941-25-000050
Chunk: 278

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 8
Chunk 278
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. At September 30, 2025, accrued interest receivable for available for sale and held to maturity debt securities was $172 million and $19 million, respectively. At December 31, 2024, accrued interest receivable for available for sale and held to maturity debt securities was $177 million and $20 million, respectively. During the three and nine months ended September 30, 2025 and 2024, there was no accrued interest that was deemed uncollectible and written off against interest income.A security is considered past due once it is 30 days contractually past due under the terms of the agreement. There were no securities past due as of September 30, 2025 or December 31, 2024.The following table provides the amortized cost and fair value by contractual maturity. Expected maturities will differ from contractual maturities on certain securities because borrowers and issuers may have the right to call or prepay obligations with or without prepayment penalties. Residential and commercial mortgage-backed and government agency securities are stated separately as they are not due at a single maturity date.  Maturities - Debt Securities dollars in millionsSeptember 30, 2025December 31, 2024Amortized CostFair ValueAmortized CostFair ValueInvestment securities available for saleNon-amortizing securities maturing in:One year or less$9,276 $9,295 $5,090 $5,086 After one through five years4,631 4,662 8,945 8,949 After five through 10 years78 74 346 330 After 10 years17 17 22 22 Government agency53 52 79 77 Residential mortgage-backed securities17,550 17,435 16,161 15,620 Commercial mortgage-backed securities3,582 3,428 3,869 3,666 Total investment securities available for sale$35,187 $34,963 $34,512 $33,750 Investment securities held to maturityNon-amortizing securities maturing in:One year or less$505 $500 $429 $419 After one through five years1,492 1,406 1,299 1,208 After five through 10 years128 116 546 468 Residential mortgage-backed securities4,568 4,083 4,558 3,878