Company: TCBI
Filing Date: 2025-07-17
Form Type: 10-Q
Source: 0001077428-25-000136
Chunk: 20

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-07-17
Form: 10-Q
Item: Part I, Item 2
Chunk 20
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 referred to as the “gap” for that period. A positive gap (asset sensitive), where interest rate sensitive assets exceed interest rate sensitive liabilities, generally will result in the net interest margin increasing in a rising rate environment and decreasing in a falling rate environment. A negative gap (liability sensitive) will generally have the opposite results on the net interest margin. Certain variable rate loans have embedded floors which limit the decline in yield on those loans at times when market interest rates are extraordinarily low. The degree of asset sensitivity, spreads on loans and net interest margin may be reduced until rates increase by an amount sufficient to eliminate the effects of floors. The adverse effect of floors as market rates increase may also be offset by the positive gap, the extent to which rates on deposits and other funding sources lag increasing market rates for loans and changes in composition of funding.

(in thousands)0-3 months4-12 months1-3 years3+ yearsTotalAssetsInterest bearing cash and cash equivalents$2,507,691 $— $— $— $2,507,691 Investment securities(1)84,176 682 21,729 4,502,041 4,608,628 Variable loans22,315,437 259,430 145,564 222,098 22,942,529 Fixed loans51,191 83,284 236,868 712,322 1,083,665 Total loans(2)22,366,628 342,714 382,432 934,420 24,026,194 Total interest sensitive assets$24,958,495 $343,396 $404,161 $5,436,461 $31,142,513 LiabilitiesInterest bearing customer deposits$16,108,333 $— $— $— $16,108,333 CDs1,072,587 1,053,723 108,457 3,203 2,237,970 Total interest bearing deposits17,180,920 1,053,723 108,457 3,203 18,346,303 Short-term borrowings1,250,000 — — — 1,250,000 Long-term debt113,406 134,408 — 372,442 620,256 Total borrowings1,363,406 134,408 — 372,442 1,870