Company: TCBI
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001077428-25-000145
Chunk: 63

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-10-23
Form: 10-Q
Item: Part I, Item 1
Chunk 63
---
 2024Available-for-sale debt securities:(1)U.S. Treasury securities$277,285 $— $— Residential mortgage-backed securities— 3,034,043 — Commercial mortgage-backed securities— 201,432 — Credit risk transfer securities— — 11,926 Equity securities(1)59,235 16,026 — Loans held for investment(2)— — 35,318 Derivative assets(3)— 23,202 — Securities sold not yet purchased(4)33,705 — — Derivative liabilities(3)— 57,906 — Non-qualified deferred compensation plan liabilities(5)19,109 — — (1)Available-for-sale debt securities, equity securities and trading securities are measured at fair value on a recurring basis, generally monthly.(2)Includes certain collateral-dependent loans held for investment for which a specific allocation of the allowance for credit losses is based upon the fair value of the loan’s underlying collateral. These loans held for investment are measured on a nonrecurring basis, generally annually or more often as warranted by market and economic conditions.(3)Derivative assets and liabilities are measured at fair value on a recurring basis, generally monthly.(4)Securities sold not yet purchased are measured at fair value on a recurring basis, generally monthly.(5)Non-qualified deferred compensation plan liabilities represent the fair value of the obligation to the employee, which generally corresponds to the fair value of the invested assets, and are measured at fair value on a recurring basis, generally monthly.Level 3 ValuationsThe following table presents a reconciliation of the level 3 fair value category measured at fair value on a recurring basis:Net Gains/(Losses)(in thousands)Balance at Beginning of PeriodPurchases / AdditionsSales / ReductionsRealizedUnrealizedBalance at End of PeriodThree Months Ended September 30, 2025Available-for-sale debt securities:(1)Credit risk transfer securities$11,367 $— $(382)$— $8 $10,993 Three Months Ended September 30, 2024Available-for-sale debt securities:(1)Credit risk transfer securities$12,328 $— $(346)$— $20 $12,002 Nine Months Ended September 30, 2025Available-for-sale debt securities:(1)Credit risk transfer securities$11,926 $— $(1