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1 star rating based on 1 review.

First Citizens Bank (NC)

First Citizens Bank (NC) Locations
239 Fayetteville Street
Raleigh, NC 27601
1.888.323.4732
www.firstcitizens.com

First Citizens Bank (NC) is headquartered in Raleigh and is the 3rd largest bank in the state of North Carolina. It is also the 59th largest bank in the nation. It was established in 1898 and as of March of 2012, it had grown to 4,762 employees at 433 locations. First Citizens Bank (NC) has a 3-star health rating.

Related Posts

First Citizens Bank (NC) Ends Debit Card Rewards (Forum) - 8/5/2011

Recently received via e-mail. The savings account compensation is pretty small (about $6?) but I guess it's the thought that counts. I reckon we'll see a lot more of this at other banks soon.   An important update regarding your First&nbs

First Citizens Bank Accused Of Unreasonable Account Closure (Forum) - 10/18/2010

This news article at The Hook described how First Citizens Bank closed a guy's account for just complaining to the bank about refusing to deposit his insurance check. One important point about banks is that they have the right to close an account for any

Update on First Citizens Bank's 2% 11-Month CD Specials in FL & CA - 5/1/2010

First Citizens Bank had been offering 2% 11-month CD specials in South Florida and in Southern California for the last couple of months. They're being offered at the branches in the banks that First ...

2.00% 11-Month CD at First Citizens Bank in SoCal - Local Only - 3/14/2010

First Citizens Bank is offering a special 2.00% APY 11-month CD. Minimum deposit is $1,000, and the maximum is $1 million. A checking account is required. This special doesn't appear to be listed at ...



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See Rates for: Money Market | CD

First Citizens Bank (NC) Money Market Rates

ApyMinMaxProduct
0.25%$100k$500kMoney Market Savings

First Citizens Bank (NC) CD Rates

ApyMinMaxProduct
0.60%$500-36 Month CD
0.35%$500-24 Month CD
0.15%$500-12 Month CD

Rates updated: 5/25/2012

Data for Q1 2012


Institution Statistics


First-Citizens Bank & Trust Company
FDIC Certificate #11063
BankRate ReportView
Year Established1898
Employees4762
Primary RegulatorFDIC

Assets and Liabilities

Assets$20.80 billion
Loans$13.48 billion
Deposits$17.78 billion
Equity Capital$1.98 billion
Loan Loss Allowance$272.50 million
Unbacked Noncurrent Loans$378.37 million
Real Estate Owned$39.89 million

Historic Data - March 2011

Assets$20.96 billion
Equity Capital$1.91 billion
Loan Loss Allowance$232.60 million
Unbacked Noncurrent Loans$411.89 million
Real Estate Owned$36.01 million

Profit Margin - Quarterly

Net Interest Margin4.94%
Return on Assets0.75%
Return on Equity7.88%
Interest Income$246.50 million

Institution Health


Overall Score:
3 out of 5
3
Texas Ratio3
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 First Citizens Bank (NC) had $418.26 million in non-current loans and owned real-estate with $2.25 billion in equity and loan loss allowances on hand to cover it. This gives First Citizens Bank (NC) a Texas Ratio of 18.57% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for First Citizens Bank (NC) held steady from 20.86% as of March 31, 2011 to 18.57% as of March 31, 2012, resulting in a positive change of 10.98%.This indicates that the balance sheet and financial strength for First Citizens Bank (NC) has held steady in recent periods.
Deposit Growth3
In the past year, First Citizens Bank (NC) has decreased its total deposits by -$55.26 million, resulting in -0.31% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth First Citizens Bank (NC) has shown is average.
Capitalization4
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. First Citizens Bank (NC) has $20.8 billion in assets with $2.25 billion in equity, resulting in a capitalization level of 10.83%, which is above average.
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Lowered Interest Rate Prior To Guaranteed Term
1 stars - linmarie - Wednesday, November 30, 2011 - 2:25 PM

First Citizens Bank



I opened a money market account in June with a guaranteed rate of 1% for the first 6 months. I noticed in the 4th month’s statement that the interest was not what it should be and the rate was noted as .2 %. I called the bank representative that opened the account for me and was told that he would get it fixed. After several phone calls, a half dozen emails and 5 weeks, it is still not corrected. The representative says he need to get an "area executive’s" approval (who seems to be always on vacation or in meetings) and the email response I get is to call the local branch. No one is taking responsibility to fix this problem. At this point they owe me a lot of interest. I have just opened an online account and will transfer the funds.

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