Company: TCBI
Filing Date: 2025-02-11
Form Type: 10-K
Source: 0001077428-25-000036
Chunk: 52

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-02-11
Form: 10-K
Item: Item 8
Chunk 52
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 2024 and December 31, 2023, debt securities with carrying values of approximately $940,000 and $1.6 million, respectively, were pledged to secure certain customer deposits.Equity SecuritiesEquity securities consist of investments that qualify for consideration under the regulations implementing the Community Reinvestment Act and investments in exchange traded funds. The following is a summary of unrealized and realized gains/(losses) recognized on equity securities included in other non-interest income on the consolidated statements of income and other comprehensive income:Year Ended December 31,(in thousands)20242023Net gains/(losses) recognized during the period$6,619 $3,571 Less: Realized net gains/(losses) recognized on securities sold1,032 (393)Unrealized net gains/(losses) recognized on securities still held$5,587 $3,964 

(4) Loans and Allowance for Credit Losses on Loans

Loans are summarized by portfolio segment as follows:(in thousands)December 31, 2024December 31, 2023Loans held for investment(1):Commercial$11,145,591 $10,410,766 Mortgage finance5,215,574 3,978,328 Commercial real estate5,616,282 5,500,774 Consumer565,376 530,948 Gross loans held for investment22,542,823 20,420,816 Unearned income (net of direct origination costs)(92,757)(80,258)Total loans held for investment22,450,066 20,340,558 Allowance for credit losses on loans(271,709)(249,973)Total loans held for investment, net$22,178,357 $20,090,585 Loans held for sale:Mortgage loans, at fair value$— $706 Non-mortgage loans, at lower of cost or fair value— 43,399 Total loans held for sale$— $44,105 (1)    Excludes accrued interest receivable of $107.3 million and $118.1 million at December 31, 2024 and December 31, 2023, respectively, that is recorded in accrued interest receivable and other assets on the consolidated balance sheets.During the third quarter of 2024, the Company purchased a $332.0 million commercial loan portfolio, which included