Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 285

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 8
Chunk 285
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 $49 $88 $32 $7 $60 $46 $1 $287 

23

Loan Modifications for Borrowers Experiencing Financial DifficultiesAs part of BancShares’ ongoing credit risk management practices, BancShares attempts to work with borrowers when necessary to extend or modify loan terms to better align with the borrowers’ current ability to repay. BancShares’ modifications granted to debtors experiencing financial 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 June 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$24 $— $— $— $10 $— $34 0.60 %Owner occupied commercial mortgage2 2 — 29 7 — 40 0.24 Non-owner occupied commercial mortgage60 — — 64 — — 124 0.77 Commercial and industrial23 60 — 2 10 5 100 0.24 Investor dependent7 28 — — — — 35 1.27 Total commercial116 90 — 95 27 5 333 0.29 ConsumerResidential mortgage5 — 3 1 24 — 33 0.14 Revolving mortgage1 — — — — — 1 0.03 Total consumer6 — 3 1 24 — 34 0.12 Total loans and leases$122 $90 $3 $96 $51 $5 $367 0.26 %(1) Term extensions include modifications in which the balloon principal payment was deferred to