Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 48

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 2
Chunk 48
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 %4.41 %4.69 %3.92 %4.24 %Investment securities held to maturity:U.S. Treasury1.18 %1.42 %1.57 %— %1.38 %Government agency1.26 1.57 1.92 — 1.54 Residential mortgage-backed securities (1)— — 2.08 2.57 2.57 Commercial mortgage-backed securities (1)— 1.85 — 2.51 2.50 Supranational securities1.23 1.49 1.68 — 1.56 Other3.55 — — — 3.55 Total investment securities held to maturity1.24 %1.54 %1.76 %2.54 %2.31 %

(1) Residential mortgage-backed and commercial mortgage-backed securities, which are not due at a single maturity date, have been included in maturity groupings based on the contractual maturity at June 30, 2025. The expected life will differ from contractual maturities because borrowers have the right to prepay the underlying loans.

Assets Held for Sale

Assets held for sale at June 30, 2025 were $125 million, an increase of $40 million or 48% from $85 million at December 31, 2024.   

Table 24

Assets Held for Sale

Increase (Decrease) from:dollars in millionsJune 30, 2025March 31, 2025December 31, 2024March 31, 2025December 31, 2024Loans and leases:Commercial (1)$40$113$27$(73)(65)%$1347 %Consumer8370551319 %2852 %Loans and leases12318382(60)(33)%4150 %Operating lease equipment223—— %(1)(17)%Total assets held for sale$125$185$85$(60)(32)%$4048 %

(1) Includes nonaccrual loans held for sale of $22 million as of June 30, 2025 and $19 million as of March 31, 2025. There were no nonaccrual loans held for sale at December 31, 2024.

Loans and Leases

The loan and lease disclosures for