Company: TCBI
Filing Date: 2025-02-11
Form Type: 10-K
Source: 0001077428-25-000036
Chunk: 9

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-02-11
Form: 10-K
Item: Item 7
Chunk 9
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560 0.8 %Municipal tax- and revenue-secured99,844 0.4 %Rolling stock37,604 0.2 %U. S. Government guaranty448 — %Unsecured778,991 3.5 %Total commercial11,145,591 49.5 %Mortgage finance5,215,574 23.1 %Commercial real estate5,616,282 24.9 %Consumer565,376 2.5 %Total$22,542,823 100.0 %

As noted in the tables above, approximately 25% of loans held for investment as of December 31, 2024 are commercial real estate loans that are generally secured by real property. The commercial real estate portfolio is comprised primarily of non-owner occupied construction/development financing and limited term financing provided to professional real estate developers, owners/managers of commercial real estate projects and properties, and residential builders/developers. Collateral properties include office buildings, warehouse/distribution buildings, shopping centers, hotels/motels, senior living, apartment buildings, residential and commercial tract developments, and raw land or lots to be developed into single-family homes. The primary source of repayment on these loans is generally expected to come from the sale, permanent financing or lease of the real property collateral. As a result, the performance of these loans is generally impacted by fluctuations in collateral values, the ability of the borrower to obtain permanent financing, and, in the case of loans to residential builder/developers, volatility in consumer demand.

The table below summarizes the commercial real estate loan portfolio on a gross basis, by property type as of December 31, 2024:

(dollars in thousands)AmountPercent of TotalApartment/condominium buildings$2,347,883 41.8 %Industrial buildings1,092,380 19.5 %1-4 Family dwellings (other than condominium)390,235 6.9 %Office buildings361,941 6.4 %Senior housing buildings318,580 5.7 %Shopping center/mall buildings285,257 5.1 %Commercial buildings210,702 3.8 %Hotel/motel buildings136,767 2.4 %Self-storage buildings113,861 2.0 %Student housing72,695 1.3 %Commercial lots67,705 1.2 %Residential