Company: TCBI
Filing Date: 2025-02-11
Form Type: 10-K
Source: 0001077428-25-000036
Chunk: 50

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-02-11
Form: 10-K
Item: Item 8
Chunk 50
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 an amortized cost of $56.4 million and realized a gain of $489,000. The amortized cost and estimated fair value as of December 31, 2024, excluding accrued interest receivable, of available-for-sale and held-to-maturity debt securities are presented below by contractual maturity. Actual maturities may differ from contractual maturities of mortgage-backed securities because borrowers may have the right to call or prepay obligations with or without prepayment penalties.Available-for-saleHeld-to-maturity(in thousands)Amortized CostFair ValueAmortized CostFair ValueDue within one year$184,536 $182,862 $— $— Due after one year through five years95,601 94,423 — — Due after five years through ten years197,043 191,957 — — Due after ten years3,217,398 3,055,444 796,168 678,174 Total$3,694,578 $3,524,686 $796,168 $678,174 The table below presents the weighted average yields for the Company’s available-for-sale debt securities for the year ended December 31, 2024. Weighted average yields are calculated based on amortized cost on a tax-exempt basis assuming a 21% federal tax rate, where applicable.U.S. Treasury securitiesResidential mortgage-backed securitiesCommercial mortgage-backed securitiesCRT securitiesDue within one year3.14 %— %— %— %Due after one year through five years3.12 — — — Due after five years through ten years— 3.86 4.68 4.47 Due after ten years— 4.55 4.35 — Total3.13 %4.55 %4.64 %4.47 %The following table discloses the Company’s available-for-sale debt securities that have been in a continuous unrealized loss position for less than 12 months and those that have been in a continuous unrealized loss position for 12 or more months:Less Than 12 Months12 Months or LongerTotal(in thousands)Fair ValueUnrealized LossFair ValueUnrealized LossFair ValueUnrealized LossDecember 31, 2024U.S. Treasury securities$— $— $277,285 $(2,852)$277,285 $(2,852)U.S.