Company: TCBI
Filing Date: 2025-02-11
Form Type: 10-K
Source: 0001077428-25-000036
Chunk: 17

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-02-11
Form: 10-K
Item: Item 7
Chunk 17
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0 %Total earning assets10.2 %11.1 %Total deposits11.9 %13.6 %

The Company’s goal is to obtain as much of its funding for loans held for investment and other earning assets as possible from customer deposits, which are generated through digital acquisition or as a result of development of long-term customer relationships, with a significant focus on treasury management products. In addition, the Company also has access to deposits through brokered channels. The following table summarizes period-end total deposits:

December 31, 2024December 31, 2023(dollars in thousands)Balance% of TotalBalance% of TotalCustomer deposits$24,704,091 97.9 %$21,454,568 95.9 %Brokered deposits534,508 2.1 %917,271 4.1 %Total deposits$25,238,599 100.0 %$22,371,839 100.0 %

44

Estimated uninsured deposits, including accrued interest, were 41% of total deposits at December 31, 2024, compared to 43% of total deposits at December 31, 2023. The uninsured amounts are estimated based on the methodologies and assumptions used for the Bank’s regulatory reporting requirements.

The Company has short-term borrowing sources available to supplement deposits and meet its funding needs. Such borrowings are generally used to fund mortgage finance loans, due to their liquidity, short duration and interest spreads available. These borrowing sources include federal funds purchased from downstream correspondent bank relationships (which consist of banks that are smaller than the Bank) and from upstream correspondent bank relationships (which consist of banks that are larger than the Bank), customer repurchase agreements and advances from the FHLB and the Federal Reserve. The following table summarizes short-term borrowings, all of which mature within one year:

(in thousands)December 31, 2024December 31, 2023FHLB borrowings$885,000 $1,500,000 Total short-term and other borrowings$885,000 $1,500,000 

The following table summarizes the Company’s short-term borrowing capacities net of balances outstanding:

(in thousands)December 31, 2024December 31, 2023FHLB borrowing capacity relating to loans and pledged securities$4,664,703 $2,602,092 FHLB borrowing capacity relating to unencumbered securities4,