Company: TCBI
Filing Date: 2025-02-11
Form Type: 10-K
Source: 0001077428-25-000036
Chunk: 15

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-02-11
Form: 10-K
Item: Item 7
Chunk 15
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 for credit losses on loans totaled $271.7 million at December 31, 2024 and $250.0 million at December 31, 2023. The following table presents a summary of the Company’s allowance for credit losses on loans by portfolio segment for the past two years:

 December 31, 20242023(dollars in thousands)Allowance for Credit Losses on Loans% of Loans in each Category to Total LoansAllowance for Credit Losses on Loans% of Loans in each Category to Total LoansCommercial$198,423 49 %$171,437 51 %Mortgage finance2,755 23 %4,173 19 %Commercial real estate68,825 25 %71,829 27 %Consumer1,706 3 %2,534 3 %Total$271,709 100 %$249,973 100 %

See Note 1 - Operations and Summary of Significant Accounting Policies and Note 4 - Loans and Allowance for Credit Losses on Loans in the accompanying notes to the consolidated financial statements included elsewhere in this report for details of the allowance for credit losses on loans.

Deposits

The Company competes for deposits by offering a full suite of deposit products and services to its customers. While this includes offering competitive interest rates and fees, the primary means of competing for deposits is convenience and service to customers, tailored to the strategy of maintaining a branch-lite network. The Company offers banking centers, courier services and online and mobile banking. Bask Bank, the Bank’s digital-only online banking division, serves customers on a 24 hours-a-day, 7 days-a-week basis solely through online banking.

Average total deposits for the year ended December 31, 2024 increased $1.4 billion compared to 2023. Average non-interest bearing deposits for the year ended December 31, 2024 decreased $801.5 million compared to 2023 and average interest bearing deposits increased $2.2 billion compared to 2023. The average cost of total deposits increased to 2.93% in 2024 from 2.47% in 2023.

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The following table discloses average deposits and weighted-average cost of deposits by type:

 Year Ended December 31,20242023(dollars in thousands)Average BalanceAverage Rate PaidAverage BalanceAverage Rate PaidNon-interest bearing$9,013,038 — %$9,814,