Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 145

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 1
Chunk 145
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244 Credit balances of factoring clients1,077 — — 1,077 1,077 Securities sold under customer repurchase agreements471 — 471 — 471 Long-term borrowings37,578 — 37,507 — 37,507 Accrued interest payable120 — 120 — 120 Derivative liabilities - non-qualifying hedges631 — 630 1 631 December 31, 2024Estimated Fair ValueCarrying ValueLevel 1Level 2Level 3TotalFinancial AssetsCash and due from banks$814 $814 $— $— $814 Interest-earning deposits at banks21,364 21,364 — — 21,364 Securities purchased under agreements to resell158 — 158 — 158 Investment in marketable equity securities101 48 53 — 101 Investment securities available for sale33,750 — 33,582 168 33,750 Investment securities held to maturity10,239 — 8,702 — 8,702 Loans held for sale82 — 55 27 82 Net loans136,567 — 1,463 133,409 134,872 Accrued interest receivable902 — 902 — 902 Federal Home Loan Bank stock20 — 20 — 20 Mortgage servicing rights27 — — 47 47 Derivative assets - qualifying hedges1 — 1 — 1 Derivative assets - non-qualifying hedges659 — 642 17 659 Financial LiabilitiesDeposits with no stated maturity141,976 — 141,976 — 141,976 Time deposits13,253 — 13,247 — 13,247 Credit balances of factoring clients1,016 — — 1,016 1,016 Securities sold under customer repurchase agreements367 — 367 — 367 Long-term borrowings36,669 — 36,220 — 36,220 Accrued interest payable134 — 134 — 134 Derivative liabilities - non-qualifying hedges625 — 624 1 625 

43

The methods and assumptions used to estimate the fair