Company: FCNCB
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000798941-25-000050
Chunk: 414

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 8
Chunk 414
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 49Liquidity

dollars in millionsSeptember 30, 2025June 30, 2025December 31, 2024Available cash$23,917 $25,332 $20,545 High-quality liquid securities (1)38,007 38,284 38,794 High-quality liquid assets$61,924 $63,616 $59,339 Current Capacity (2) of Credit Facilities:FHLB facility (3)$18,022 $17,852 $16,423 FRB facility13,328 10,561 5,475 FDIC facility (4)— — 5,291 Line of credit— 100 100 Total contingent sources$31,350 $28,513 $27,289 Total liquid assets and contingent sources$93,274 $92,129 $86,628 Total uninsured deposits$59,746 $57,805 $59,510 Coverage ratio of total liquid assets and contingent sources to uninsured deposits156 %159 %146 %

(1)    Consists of readily marketable, unpledged securities, as well as securities pledged but not drawn against at the FHLB and available for sale, and generally is comprised of U.S. Treasury and U.S. agency investment securities held outright or via reverse repurchase agreements.

(2)    Current capacity is based on the amount of collateral pledged and available for use at September 30, 2025, June 30, 2025 and December 31, 2024.

(3)    Refer to Table 50 for additional details.

(4)    The Advance Facility Agreement with the FDIC was obtained in connection with SVBB Acquisition and the draw period ended on March 27, 2025.

We fund our operations through deposits and borrowings. Our primary source of liquidity is derived from our various deposit channels, including our Branch Network and Direct Bank. Total deposits at September 30, 2025 were $163.19 billion, an increase of $7.96 billion or 5% from $155.23 billion at December 31, 2024. 

We use borrowings to diversify the funding of our business operations. In addition to the Purchase Money Note and FHLB advances, borrowings also include senior unsecured notes, securities sold under customer repurchase agreements, and sub