Company: TCBI
Filing Date: 2025-07-17
Form Type: 10-Q
Source: 0001077428-25-000136
Chunk: 49

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-07-17
Form: 10-Q
Item: Part I, Item 1
Chunk 49
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.44 %The following table discloses the Company’s available-for-sale debt securities that have been in a continuous unrealized loss position for less than 12 months and those that have been in a continuous unrealized loss position for 12 or more months:Less Than 12 Months12 Months or LongerTotal(in thousands)Fair ValueUnrealized LossFair ValueUnrealized LossFair ValueUnrealized LossJune 30, 2025Residential mortgage-backed securities$888,175 $(3,438)$1,258,369 $(115,275)$2,146,544 $(118,713)Commercial mortgage-backed securities158,266 (621)— — 158,266 (621)CRT securities— — 11,367 (462)11,367 (462)Total$1,046,441 $(4,059)$1,269,736 $(115,737)$2,316,177 $(119,796)December 31, 2024U.S. Treasury securities$— $— $277,285 $(2,852)$277,285 $(2,852)Residential mortgage-backed securities1,338,801 (18,141)1,323,180 (150,161)2,661,981 (168,302)Commercial mortgage-backed securities201,432 (5,398)— — 201,432 (5,398)CRT securities— — 11,926 (540)11,926 (540)Total$1,540,233 $(23,539)$1,612,391 $(153,553)$3,152,624 $(177,092)At June 30, 2025, the Company had 49 available-for-sale debt securities in an unrealized loss position, comprised of 42 residential mortgage-backed securities, five commercial mortgage-backed securities and two Credit Risk Transfer (“CRT”) securities. The unrealized losses on the available-for-sale debt securities were the result of changes in market interest rates compared to the date the securities were acquired rather than the credit quality of the issuers or underlying loans. The Company does not currently intend to sell and based on current conditions it does not believe it is likely that the Company will be required to sell these available-for-sale debt securities before recovery of the amortized cost of such securities in an unrealized loss position and has therefore recorded the unrealized losses related to this portfolio in