Company: TCBI
Filing Date: 2025-02-11
Form Type: 10-K
Source: 0001077428-25-000036
Chunk: 61

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-02-11
Form: 10-K
Item: Item 8
Chunk 61
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5$236 $20,899 $21,135 2026— 22,222 22,222 2027— 22,023 22,023 2028— 21,314 21,314 2029— 20,610 20,610 2030 and thereafter— 201,184 201,184 Total lease payments236 308,252 308,488 Less: Interest(2)(83,279)(83,281)Present value of lease liabilities$234 $224,973 $225,207 As of December 31, 2024, the Company had $5.4 million of future payments for banking center leases that have not yet commenced. These leases are expected to commence during 2026, with lease terms of approximately 11 years.

(6) Premises & Equipment

Premises and equipment are summarized as follows: December 31,(in thousands)20242023Premises$74,228 $39,547 Furniture and equipment47,327 63,367 Total cost121,555 102,914 Accumulated depreciation(36,112)(70,548)Total premises and equipment, net$85,443 $32,366 Depreciation and amortization expense for the above premises and equipment was approximately $11.8 million, $10.4 million and $9.5 million in 2024, 2023 and 2022, respectively.

(7) Deposits

Deposits are summarized as follows:December 31,(in thousands)20242023Non-interest bearing deposits$7,485,428 $7,328,276 Interest bearing deposits:Transaction2,787,913 2,264,055 Savings12,712,510 11,000,783 Time2,252,748 1,778,725 Total interest bearing deposits17,753,171 15,043,563 Total deposits$25,238,599 $22,371,839 The scheduled maturities of interest bearing time deposits were as follows at December 31, 2024:(in thousands)2025$2,066,749 2026185,749 2027130 202836 202984 2030 and after— Total$2,252,748 At December 31, 2024 and 2023, interest bearing time