Company: TCBI
Filing Date: 2025-07-17
Form Type: 10-Q
Source: 0001077428-25-000136
Chunk: 48

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-07-17
Form: 10-Q
Item: Part I, Item 1
Chunk 48
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 to available-for-sale debt securities and $1.2 million and $1.3 million at June 30, 2025 and December 31, 2024, respectively, related to held-to-maturity debt securities that is recorded in accrued interest receivable and other assets on the consolidated balance sheets.(2)    Includes available-for-sale debt securities, equity securities and trading securities at estimated fair value and held-to-maturity debt securities at amortized cost.Debt SecuritiesDuring the second quarter of 2025, the Company sold available-for-sale debt securities with an amortized cost basis of $287.5 million, realizing a loss of $1.9 million, and repositioned the proceeds into purchases of available-for-sale residential mortgage-backed securities. The Company did not sell any available-for-sale debt securities during the first six months of 2024.The amortized cost and estimated fair value as of June 30, 2025, excluding accrued interest receivable, of available-for-sale and held-to-maturity debt securities are presented below by contractual maturity. Actual maturities may differ from contractual maturities of mortgage-backed securities because borrowers may have the right to call or prepay obligations with or without prepayment penalties.Available-for-saleHeld-to-maturity(in thousands)Amortized CostFair ValueAmortized CostFair ValueDue within one year$— $— $— $— Due after one year through five years— — — — Due after five years through ten years254,523 255,531 — — Due after ten years3,620,059 3,518,610 761,907 674,663 Total$3,874,582 $3,774,141 $761,907 $674,663 

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The table below presents the weighted average yields for the Company’s available-for-sale debt securities as of June 30, 2025. Weighted average yields are calculated based on amortized cost on a tax-exempt basis assuming a 21% federal tax rate, where applicable.Residential mortgage-backed securitiesCommercial mortgage-backed securitiesCRT securitiesDue within one year— %— %— %Due after one year through five years— — — Due after five years through ten years3.90 4.81 4.44 Due after ten years4.68 — — Total4.68 %4.81 %4