Company: FCNCB
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000798941-25-000050
Chunk: 47

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 2
Chunk 47
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 required as of September 30, 2025. For corporate bonds, we analyzed the changes in interest rates relative to when the investment securities were purchased or acquired, and considered other factors including changes in credit ratings, delinquencies, and other macroeconomic factors. We determined no allowance for credit loss was required as of September 30, 2025.

82

Our portfolio of investment securities held to maturity consists of similar mortgage-backed securities, U.S. Treasury securities and government agency securities described above, as well as securities issued by the Supranational Entities & Multilateral Development Banks and FDIC guaranteed certificates of deposit with other financial institutions. Given the consistently strong credit rating of the U.S. Treasury and the Supranational Entities & Multilateral Development Banks, and the long history of no credit losses on debt securities issued by government agencies and government sponsored entities, we determined that no allowance for credit loss was required for investment securities held to maturity at September 30, 2025.

The following table presents the investment securities portfolio, segregated by major category:  

Table 22Investment Securities

dollars in millionsSeptember 30, 2025June 30, 2025December 31, 2024Amortized CostFair ValueComposition (1)Amortized CostFairValueComposition (1)Amortized CostFair ValueComposition (1)Investment securities available for sale:U.S. Treasury$13,729 $13,781 31.4 %$12,125 $12,170 29.0 %$13,897 $13,903 32.7 %Government agency53 52 0.1 62 60 0.1 79 77 0.2 Residential mortgage-backed securities17,550 17,435 39.7 17,118 16,924 40.3 16,161 15,620 36.7 Commercial mortgage-backed securities3,582 3,428 7.8 3,695 3,536 8.4 3,869 3,666 8.6 Corporate bonds256 250 0.6 364 353 0.8 489 467 1.1 Municipal bonds17 17 — 17 17 — 17 17 — Total investment securities available for sale$35,187 $34,963 79.6 %$33,381