Company: TCBI
Filing Date: 2025-07-17
Form Type: 10-Q
Source: 0001077428-25-000136
Chunk: 63

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-07-17
Form: 10-Q
Item: Part I, Item 1
Chunk 63
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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 on a nonrecurring basis, generally annually or more often as warranted by market and economic conditions.(4)Derivative assets and liabilities are measured at fair value on a recurring basis, generally quarterly.(5)Securities sold not yet purchased are measured at fair value on a recurring basis, generally monthly.(6)Non-qualified deferred compensation plan liabilities represent the fair value of the obligation to the employee, which generally corresponds to the fair value of the invested assets, and are measured at fair value on a recurring basis, generally monthly.

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Level 3 ValuationsThe following table presents a reconciliation of the level 3 fair value category measured at fair value on a recurring basis:Net Gains/(Losses)(in thousands)Balance at Beginning of PeriodPurchases / AdditionsSales / ReductionsRealizedUnrealizedBalance at End of PeriodThree Months Ended June 30, 2025Available-for-sale debt securities:(1)CRT securities$11,594 $— $(337)$— $110 $11,367 Three Months Ended June 30, 2024Available-for-sale debt securities:(1)CRT securities$12,261 $— $(291)$— $358 $12,328 Six Months Ended June 30, 2025Available-for-sale debt securities:(1)CRT securities$11,926 $— $(638)$— $79 $11,367 Six Months Ended June 30, 2024Available-for-sale debt