Company: TCBI
Filing Date: 2025-02-11
Form Type: 10-K
Source: 0001077428-25-000036
Chunk: 60

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-02-11
Form: 10-K
Item: Item 8
Chunk 60
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3Commercial$7,617 $— $11,601 $23,910 $43,128 Commercial real estate4,141 — — 17,223 21,364 Total$11,758 $— $11,601 $41,133 $64,492 

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(5) Leases

The following table presents ROU assets and lease liabilities:Year Ended December 31,(in thousands)20242023ROU assets:Finance leases$227 $1,529 Operating leases166,194 87,810 Total$166,421 $89,339 Lease liabilitiesFinance leases$234 $1,550 Operating leases224,973 109,523 Total$225,207 $111,073 As of December 31, 2024, operating leases had remaining lease terms of approximately 1 year to 15 years, while finance leases had remaining terms of less than 1 year.The table below summarizes the Company’s net lease cost:Year Ended December 31,(in thousands)20242023Finance lease cost:Amortization of ROU assets$1,303 $1,335 Interest on lease liabilities19 40 Operating lease cost21,593 14,854 Short-term lease cost37 37 Variable lease cost6,069 7,168 Net lease cost$29,021 $23,434 Cash paid for amounts included in the measurement of lease liabilities:Operating cash flows from finance leases$19 $40 Operating cash flows from operating leases46,920 17,203 Financing cash flows from finance leases1,315 1,327 ROU assets obtained in exchange for new finance leases— — ROU assets obtained in exchange for new operating leases123,344 18,741 The table below summarizes other information related to operating and finance leases:Year Ended December 31,20242023Weighted-average remaining lease term - finance leases, in years0.41.2Weighted-average remaining lease term - operating leases, in years13.512.2Weighted-average discount rate - finance leases2.97 %1.85 %Weighted-average discount rate - operating leases4.49 %4.43 %

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The table below summarizes the maturity of remaining lease liabilities as of December 31, 2024:(in thousands)Finance LeasesOperating LeasesTotal202