Company: TCBI
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001077428-25-000145
Chunk: 66

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-10-23
Form: 10-Q
Item: Part I, Item 1
Chunk 66
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705 33,705 — — Derivative liabilities57,906 57,906 — 57,906 — 

19

(10) Derivative Financial Instruments

The notional amounts and estimated fair values of derivative positions outstanding are presented in the following table.  September 30, 2025December 31, 2024Estimated Fair ValueEstimated Fair Value(in thousands)NotionalAmountAsset DerivativeLiability DerivativeNotionalAmountAsset DerivativeLiability DerivativeDerivatives designated as hedgesCash flow hedges:Interest rate contracts:Swaps hedging loans$1,200,000 $3,778 $1,528 $2,600,000 $254 $23,265 Non-hedging derivativesCustomer-initiated and other derivatives:Foreign currency forward contracts355,200 1,894 1,631 485,948 5,462 5,299 Interest rate contracts:Swaps6,502,321 37,382 37,382 6,273,301 45,771 45,771 Caps and floors written2,055,925 4,028 1,417 970,451 1,066 2,529 Caps and floors purchased2,055,925 1,417 4,028 970,451 2,529 1,066 Forward contracts22,708,747 30,815 30,385 20,237,917 41,896 41,035 Gross derivatives79,314 76,371 96,978 118,965 Netting adjustment - offsetting derivative assets/liabilities(32,350)(32,350)(44,097)(44,097)Netting adjustment - cash collateral received/posted(9,667)(19,757)(29,679)(16,962)Net derivatives included on the consolidated balance sheets$37,297 $24,264 $23,202 $57,906 The Company’s credit exposure on derivative instruments is limited to the net favorable value and interest payments by each counterparty. In some cases, collateral may be required from the counterparties involved if the net value of the derivative instruments exceeds a nominal amount. The Company’s credit exposure associated with these instruments, net of any collateral pledged, was approximately $37.3 million at September 30, 2025 and approximately $23.2 million at December