Company: FCNCB
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000798941-25-000050
Chunk: 143

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 1
Chunk 143
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 quoted prices observable for the assets or liabilities and market corroborated inputs.•Level 3 inputs are unobservable inputs for the asset or liability. These unobservable inputs and assumptions reflect the estimates market participants would use in pricing the asset or liability. 

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Assets and Liabilities Measured at Fair Value - Recurring BasisThe following table presents assets and liabilities measured at fair value on a recurring basis:Assets and Liabilities Measured at Fair Value - Recurring Basisdollars in millionsSeptember 30, 2025TotalLevel 1Level 2Level 3AssetsInvestment securities available for saleU.S. Treasury$13,781 $— $13,781 $— Government agency52 — 52 — Residential mortgage-backed securities17,435 — 17,435 — Commercial mortgage-backed securities3,428 — 3,428 — Corporate bonds250 — 141 109 Municipal bonds17 — 17 — Total investment securities available for sale$34,963 $— $34,854 $109 Marketable equity securities110 46 64 — Loans held for sale80 — 80 — Loans22 — 22 — Derivative assets (1)Total qualifying hedge assets$— $— $— $— Interest rate contracts — non-qualifying hedges$403 $— $400 $3 Foreign exchange contracts — non-qualifying hedges145 — 145 — Other derivative contracts — non-qualifying hedges22 — — 22 Total non-qualifying hedge assets$570 $— $545 $25 Total derivative assets$570 $— $545 $25 LiabilitiesDerivative liabilities (1)Interest rate contracts — qualifying hedges$— $— $— $— Interest rate contracts — non-qualifying hedges$383 $— $383 $— Foreign exchange contracts — non-qualifying hedges136 — 136 — Other derivative contracts — non-qualifying hedges1 — — 1 Total non-qualifying hedge liabilities$520 $— $519 $1 Total derivative liabilities$520 $— $519 $1 (1) Derivative fair values include accrued interest. 

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dollars