Company: FCNCB
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000798941-25-000010
Chunk: 163

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 163
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URITIESThe following tables include the amortized cost and fair value of investment securities at December 31, 2024 and 2023:Amortized Cost and Fair Value - Investment Securities dollars in millions December 31, 2024Amortized CostGross Unrealized GainsGross Unrealized LossesFair ValueInvestment securities available for saleU.S. Treasury$13,897 $33 $(27)$13,903 Government agency79 — (2)77 Residential mortgage-backed securities16,161 41 (582)15,620 Commercial mortgage-backed securities3,869 7 (210)3,666 Corporate bonds489 — (22)467 Municipal bonds17 — — 17 Total investment securities available for sale$34,512 $81 $(843)$33,750 Investment in marketable equity securities$79 $27 $(5)$101 Investment securities held to maturityU.S. Treasury$483 $— $(31)$452 Government agency1,489 — (115)1,374 Residential mortgage-backed securities4,558 2 (682)3,878 Commercial mortgage-backed securities3,407 — (678)2,729 Supranational securities300 — (33)267 Other2 — — 2 Total investment securities held to maturity$10,239 $2 $(1,539)$8,702 Total investment securities$44,830 $110 $(2,387)$42,553 December 31, 2023Amortized CostGross Unrealized GainsGross Unrealized LossesFair ValueInvestment securities available for saleU.S. Treasury$10,554 $34 $(80)$10,508 Government agency120 — (3)117 Residential mortgage-backed securities7,154 72 (540)6,686 Commercial mortgage-backed securities2,319 9 (197)2,131 Corporate bonds529 — (47)482 Municipal bonds12 — — 12 Total investment securities available for sale$20,688 $115 $(867)$19,936 Investment in marketable equity securities$75 $17 $(8)$84 Investment securities held to maturityU.S. Treasury$479 $—