Company: TCBI
Filing Date: 2025-07-17
Form Type: 10-Q
Source: 0001077428-25-000136
Chunk: 112

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-07-17
Form: 10-Q
Item: Part I, Item 8
Chunk 112
---
 820, Fair Value Measurements and Disclosures. See Note 1 - Operations and Summary of Significant Accounting Policies in the Company’s 2024 Form 10-K for information regarding the fair value hierarchy and a description of the methods and significant assumptions used by the Company in estimating its fair value disclosures for financial statements.

17

Assets and liabilities measured at fair value are as follows: Fair Value Measurements Using(in thousands)Level 1Level 2Level 3June 30, 2025Available-for-sale debt securities:(1)Residential mortgage-backed securities$— $3,519,520 $— Commercial mortgage-backed securities— 243,254 — CRT securities— — 11,367 Equity securities(1)(2)52,561 16,131 — Trading securities(1)— 3,888 — Loans held for investment(3)— — 16,154 Derivative assets(4)— 50,129 — Securities sold not yet purchased(5)26,551 — — Derivative liabilities(4)— 40,217 — Non-qualified deferred compensation plan liabilities(6)19,533 — — December 31, 2024Available-for-sale debt securities:(1)U.S. Treasury securities$277,285 $— $— Residential mortgage-backed securities— 3,034,043 — Commercial mortgage-backed securities— 201,432 — CRT securities— — 11,926 Equity securities(1)(2)59,235 16,026 — Loans held for investment(3)— — 35,318 Derivative assets(4)— 23,202 — Securities sold not yet purchased(5)33,705 — — Derivative liabilities(4)— 57,906 — Non-qualified deferred compensation plan liabilities(6)19,109 — — (1)Available-for-sale debt securities, equity securities and trading securities are measured at fair value on a recurring basis, generally monthly.(2)Equity securities consist of investments that qualify for consideration under the regulations implementing the Community Reinvestment Act and investments in exchange traded funds.(3)Includes certain collateral-dependent loans held for investment for which a specific allocation of the allowance for credit losses is based upon the fair value of the loan’s underlying collateral. These loans held for investment are measured