Company: FCNCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000798941-25-000040
Chunk: 379

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 8
Chunk 379
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 are discussed in the “Executive Overview—Funding, Liquidity and Capital Overview” section of this MD&A and changes from the Linked Quarter are discussed in the “Results by Segment” section of this MD&A. 

The following table summarizes the types of deposits:

Table 27

Deposits 

dollars in millionsIncrease (Decrease) from:June 30, 2025March 31, 2025December 31, 2024March 31, 2025December 31, 2024Noninterest-bearing demand$40,879 $40,767 $38,633 $112 — %$2,246 6 %Checking with interest23,283 23,041 25,343 242 1 (2,060)(8)Money market37,654 37,705 35,722 (51)— 1,932 5 Savings46,877 45,817 42,278 1,060 2 4,599 11 Time11,242 11,995 13,253 (753)(6)(2,011)(15)Interest-bearing deposits119,056 118,558 116,596 498 — 2,460 2 Total deposits$159,935 $159,325 $155,229 $610 — %$4,706 3 %Noninterest-bearing deposits to total deposits25.6 %25.6 %24.9 %

We strive to maintain a strong liquidity position, and therefore, deposit retention remains a key business objective. We believe traditional bank deposit products remain an attractive option for many customers. As economic conditions change, we recognize that our liquidity position could be adversely affected if bank deposits are withdrawn. Our ability to fund future loan growth is significantly dependent on our success in retaining existing deposits and generating new deposits at a reasonable cost. 

Deposit Concentrations 

BancShares operates a network of branches and offices, predominantly located in the Southeast, Mid-Atlantic, Midwest and Western United States, providing a broad range of financial services to individuals, businesses and professionals. Based on branch location, our top state deposit concentrations as of June 30, 2025 were in North Carolina, South Carolina, and California, which represented approximately 25.2%, 7.7%, and 7.0%, respectively, of total deposits. 

The Direct Bank had $45.11 b