Company: TCBI
Filing Date: 2025-04-17
Form Type: 10-Q
Source: 0001077428-25-000078
Chunk: 20

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-04-17
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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16.5 million provision for credit losses on loans resulted primarily from an increase in criticized loans, $9.8 million in net charge-offs recorded during the three months ended March 31, 2025 and uncertainty in the economic outlook. Criticized loans totaled $762.9 million at March 31, 2025, compared to $714.0 million at December 31, 2024.A loan is considered collateral-dependent when the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral. At March 31, 2025, the Company had $21.0 million in collateral-dependent commercial loans, collateralized by business assets, and $33.8 million in collateral-dependent commercial real estate loans, collateralized by real estate.The table below provides an age analysis of gross loans held for investment:(in thousands)30-59 DaysPast Due60-89 DaysPast Due90 Days or More Past DueTotal PastDueNon-accrual(1)CurrentTotalNon-accrual With No AllowanceMarch 31, 2025Commercial$1,298 $2,726 $— $4,024 $59,788 $11,340,482 $11,404,294 $5,689 Mortgage finance— — — — — 4,725,541 4,725,541 — Commercial real estate5,103 — 791 5,894 33,777 5,784,316 5,823,987 — Consumer— — — — — 521,253 521,253 — Total$6,401 $2,726 $791 $9,918 $93,565 $22,371,592 $22,475,075 $5,689 (1)As of March 31, 2025, $349,000 of non-accrual loans were earning interest income on a cash basis compared to $360,000 as of December 31, 2024. Additionally, $64,000 of interest income was recognized on non-accrual loans for the three months ended March 31, 2025 compared to $18,000 for the same period in 2024. Accrued interest of $7,000 and $487,000 was reversed during the three