Company: TCBI
Filing Date: 2025-02-11
Form Type: 10-K
Source: 0001077428-25-000036
Chunk: 63

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-02-11
Form: 10-K
Item: Item 8
Chunk 63
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 regulatory capital infusions into the Bank. The loan agreement contains customary financial covenants and restrictions. No borrowings were made against this line of credit during the year ended December 31, 2024 or 2023.

The table below presents a summary of long-term debt:(in thousands)December 31, 2024December 31, 2023Bank-issued floating rate senior unsecured credit-linked notes due 2024$— $199,499 Bank-issued 5.25% fixed rate subordinated notes due 2026174,717 174,457 Company-issued 4.00% fixed rate subordinated notes due 2031372,223 371,785 Trust preferred floating rate subordinated debentures due 2032 to 2036113,406 113,406 Total long-term debt$660,346 $859,147 During the second quarter of 2024, the bank-issued senior unsecured credit-linked notes were redeemed in full.

The following table summarizes the significant terms of the Company’s trust preferred subordinated debentures:(dollars in thousands)Texas CapitalStatutory Trust ITexas CapitalStatutory Trust IITexas CapitalStatutory Trust IIITexas CapitalStatutory Trust IVTexas CapitalStatutory Trust VDate issuedNovember 19, 2002April 10, 2003October 6, 2005April 28, 2006September 29, 2006Trust preferred securities issued$10,310$10,310$25,774$25,774$41,238Floating or fixed rate securitiesFloatingFloatingFloatingFloatingFloatingInterest rate on subordinated debentures3 month SOFR + 3.61%3 month SOFR + 3.51%3 month SOFR + 1.77%3 month SOFR + 1.86%3 month SOFR + 1.97%Maturity dateNovember 2032April 2033December 2035June 2036December 2036

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(9) Financial Instruments with Off-Balance Sheet Risk

The table below presents the Company’s financial instruments with off-balance sheet risk, as well as the activity in the allowance for off-balance sheet credit losses related to those financial instruments.(in thousands)CommercialMortgageFinanceCommercialReal EstateConsumerTotalYear Ended December 31, 2024Beginning balance$36,040