Company: TCBI
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001077428-25-000145
Chunk: 62

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-10-23
Form: 10-Q
Item: Part I, Item 1
Chunk 62
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 the plan’s maturity date by two years.The table below summarizes the Company’s stock-based compensation expense: Three Months Ended September 30,Nine Months Ended September 30,(in thousands)2025202420252024Stock-settled awards:RSUs$5,146 $4,957 $20,425 $18,229 Cash-settled units3,091 1,496 8,189 2,979 Total$8,237 $6,453 $28,614 $21,208  (in thousands except period data)September 30, 2025Unrecognized compensation expense related to unvested stock-settled awards$22,406 Weighted average period over which stock-settled awards expense is expected to be recognized, in years1.8Unrecognized compensation expense related to cash-settled units$21,060 Weighted average period over which cash-settled units expense is expected to be recognized, in years2.1

(9) Fair Value Disclosures

The Company determines the fair market values of its assets and liabilities measured at fair value on a recurring and nonrecurring basis using the fair value hierarchy as prescribed in Accounting Standards Codification 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.

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Assets and liabilities measured at fair value are as follows: Fair Value Measurements Using(in thousands)Level 1Level 2Level 3September 30, 2025Available-for-sale debt securities:(1)Residential mortgage-backed securities$— $3,544,015 $— Commercial mortgage-backed securities— 246,253 — Credit risk transfer securities— — 10,993 Equity securities(1)45,054 10,000 — Trading securities(1)— 2,219 — Loans held for investment(2)— — 21,057 Derivative assets(3)— 37,297 — Securities sold not yet purchased(4)24,730 — — Derivative liabilities(3)— 24,264 — Non-qualified deferred compensation plan liabilities(5)18,540 — — December 31,