Company: FCNCB
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000798941-25-000050
Chunk: 395

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 8
Chunk 395
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 %$368 6 %

(1)    Refer to Note 8—Variable Interest Entities for additional information.

88

The following table includes the components of other liabilities: 

Table 32Other Liabilities

dollars in millionsIncrease (Decrease) from:September 30, 2025June 30, 2025December 31, 2024June 30, 2025December 31, 2024Deferred taxes$3,580 $3,560 $3,534 $20 1 %$46 1 %Commitments to fund tax credit investments1,295 1,163 1,214 132 11 81 7 Accrued personnel cost (1)825 697 1,024 128 18 (199)(19)Fair value of derivative financial instruments520 631 625 (111)(18)(105)(17)Lease liabilities341 356 357 (15)(4)(16)(4)Reserve for off-balance sheet credit exposure265 288 278 (23)(8)(13)(5)Accrued interest payable105 120 134 (15)(13)(29)(22)Accounts payable and other1,380 1,418 1,030 (38)(3)350 34 Total other liabilities$8,311 $8,233 $8,196 $78 1 %$115 1 %

(1) Includes accruals for annual incentive compensation which is typically paid during the first quarter. Additionally, accrued personnel cost can fluctuate based on timing of the payroll cycle.  

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 probability of obligor default (“PD”) and loss given default (“LGD”) models to those expected funding amounts to estimate the reserve. The reserve for off-balance sheet credit exposure was $265 million at September 30, 2025, a decrease of $13 million compared to $278 million at December 31, 2024 and of $23 million compared to $288 million at June 30, 2025. Refer to the “Provision for Credit Losses” section of this MD&A for further discussion. Refer to Note 18—Commitments and Contingencies for information relating to off-balance sheet