Company: FCNCB
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000798941-25-000024
Chunk: 31

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 1
Chunk 31
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 Total loans and leases$— $22 $39 $34 $11 $25 $35 $1 $167 Three Months Ended March 31, 2024Term Loans by Origination YearRevolving Converted to Term Loansdollars in millions202420232022202120202019 & PriorRevolvingTotalCommercialNon-owner occupied commercial mortgage$— $— $— $— $— $29 $— $— $29 Commercial and industrial1 8 8 2 1 2 14 — 36 Leases— 2 4 2 1 1 — — 10 Total commercial1 10 12 4 2 32 14 — 75 ConsumerConsumer auto— 1 1 — — — — — 2 Consumer other— — 1 — — — 4 — 5 Total consumer— 1 2 — — — 4 — 7 SVBInvestor dependent - early stage— 4 13 6 — — 1 — 24 Investor dependent - growth stage— 2 4 7 1 — — — 14 Innovation C&I and cash flow dependent— 3 — — — — 5 — 8 Total SVB— 9 17 13 1 — 6 — 46 Total loans and leases$1 $20 $31 $17 $3 $32 $24 $— $128 

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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.Amortized Cost of