Company: FCNCB
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000798941-25-000010
Chunk: 166

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 166
---
512 $33,750 $20,688 $19,936 Investment securities held to maturityNon-amortizing securities maturing in:One year or less$429 $419 $27 $26 After one through five years1,299 1,208 1,636 1,508 After five through 10 years546 468 622 533 Residential mortgage-backed securities4,558 3,878 4,205 3,561 Commercial mortgage-backed securities3,407 2,729 3,489 2,875 Total investment securities held to maturity$10,239 $8,702 $9,979 $8,503 

128

The following table presents interest and dividend income on investment securities: Interest and Dividends on Investment Securitiesdollars in millionsYear Ended December 31,202420232022Interest income - taxable investment securities$1,344 $642 $352 Interest income - nontaxable investment securities1 4 — Dividend income - marketable equity securities2 2 2 Interest on investment securities$1,347 $648 $354 Fair value adjustment on marketable equity securities and realized gains and losses on sales of investment securities, net are presented on the Consolidated Statements of Income. The realized gain on sale of marketable equity securities was $6 million, for the year ended December 31, 2024, and none in the years ended December 31, 2023 and 2022. The following table presents the gross realized losses on the sales of investment securities available for sale. Realized Gains and Losses on Debt Securities Available For Saledollars in millionsYear Ended December 31,202420232022Gross realized gains on sales of investment securities available for sale$1 $— $— Gross realized losses on sales of investment securities available for sale(1)(26)— Net realized losses on sales of investment securities available for sale$— $(26)$— The following table provides information regarding investment securities available for sale with unrealized losses:Gross Unrealized Losses on Debt Securities Available For Sale dollars in millionsDecember 31, 2024Less than 12 months12 months or moreTotalFair ValueUnrealized LossesFair ValueUnrealized LossesFair ValueUnrealized LossesInvestment securities available for saleU.S. Treasury$3,791 $(