Company: FCNCB
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000798941-25-000024
Chunk: 115

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 1
Chunk 115
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$439 $455 SVB loans$40,671 $40,194 SVB ALLL to SVB loans1.08 %1.13 %

A reserve for off-balance sheet credit exposure is established for unfunded commitments and is included in other liabilities. BancShares estimates the expected funding amounts and applies its PD and LGD models to those expected funding amounts to estimate the reserve. The reserve for off-balance sheet credit exposure was $284 million at March 31, 2025, an increase of $6 million compared to $278 million at December 31, 2024. The increase from December 31, 2024 primarily reflects changes in the unfunded commitments. Refer to Note 18—Commitments and Contingencies for information relating to off-balance sheet commitments.  

The following table presents the ALLL by loan class:

Table 33

ALLL by Loan Class

dollars in millionsMarch 31, 2025December 31, 2024ALLLALLL as a Percentage of LoansALLLALLL as a Percentage of LoansCommercialCommercial construction$61 1.10 %$53 1.03 %Owner occupied commercial mortgage54 0.32 51 0.30 Non-owner occupied commercial mortgage331 2.05 340 2.10 Commercial and industrial596 1.87 583 1.84 Leases36 1.79 36 1.80 Total commercial1,078 1.49 1,063 1.48 ConsumerResidential mortgage87 0.38 85 0.37 Revolving mortgage23 0.87 21 0.83 Consumer auto9 0.60 5 0.35 Consumer other44 4.59 47 4.75 Total consumer163 0.58 158 0.56 SVBGlobal fund banking75 0.26 75 0.27 Investor dependent - early stage72 7.92 87 8.71 Investor dependent - growth stage104 5.10 108 4.91 Innovation C&I and cash flow dependent188 2.05 185 2.03 Total SVB439 1.08 455 1.13 Total ALLL$1,680 1.19 %$1,676 1.20