Company: TCBI
Filing Date: 2025-07-17
Form Type: 10-Q
Source: 0001077428-25-000136
Chunk: 114

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-07-17
Form: 10-Q
Item: Part I, Item 8
Chunk 114
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 2025. At December 31, 2024, the combined weighted-average discount rate and weighted-average life utilized were 5.63% and 5.35 years, respectively.Loans held for investmentCertain collateral-dependent loans held for investment are reported at fair value when, based upon an individual evaluation, the specific allocation of the allowance for credit losses that is deducted from the loan's amortized cost is based upon the fair value of the loan's underlying collateral. The $16.2 million fair value of loans held for investment at June 30, 2025 reported above includes impaired loans with a carrying value of $27.1 million that were reduced by specific allowance allocations totaling $10.9 million based on collateral valuations utilizing Level 3 inputs. The $35.3 million fair value of loans held for investment at December 31, 2024 reported above includes impaired loans with a carrying value of $63.6 million that were reduced by specific allowance allocations totaling $28.3 million based on collateral valuations utilizing Level 3 inputs. 

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Fair Value of Financial InstrumentsA summary of the carrying amounts and estimated fair values of financial instruments is as follows:CarryingAmountEstimated Fair Value(in thousands)TotalLevel 1Level 2Level 3June 30, 2025Financial assets:Cash and cash equivalents$2,690,142 $2,690,142 $2,690,142 $— $— Available-for-sale debt securities3,774,141 3,774,141 — 3,762,774 11,367 Held-to-maturity debt securities761,907 674,663 — 674,663 — Equity securities68,692 68,692 52,561 16,131 — Trading securities3,888 3,888 — 3,888 — Loans held for investment, net23,647,886 23,597,536 — — 23,597,536 Derivative assets50,129 50,129 — 50,129 — Financial liabilities:Total deposits26,064,309 26,065,518 — — 26,065,518 Short-term borrowings1,250,000 1,250,000 — 1,250,000 — Long-term debt620,256 590,131 — 590,131 — Sec