First Citizens BancShares, Inc. (BancShares) is a financial holding company. The Company conducts operations through its banking subsidiary, First-Citizens Bank & Trust Company (FCB). The Company provides treasury services products, cardholder and merchant services, wealth management services and various other products and services typically offered by commercial banks. The Company invests the liquidity generated from the funding sources in interest-earning assets, including loans and leases, investment securities and overnight investments. The Company also invest in bank premises, hardware, software, furniture and equipment used to conduct its commercial banking business. BancShares also conducted banking activities through IronStone Bank (ISB), a federally-chartered thrift institution. The Company’s loan portfolio is divided into commercial and non-commercial based on the type of borrower, purpose, collateral, and underlying credit management processes.