Company: TCBI
Filing Date: 2025-02-11
Form Type: 10-K
Source: 0001077428-25-000036
Chunk: 84

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-02-11
Form: 10-K
Item: Item 7A
Chunk 84
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 reprice to market rates or mature and are aggregated to show the interest rate sensitivity gap. The mismatch between repricings or maturities within a time period is commonly referred to as the “gap” for that period. A positive gap (asset sensitive), where interest rate sensitive assets exceed interest rate sensitive liabilities, generally will result in the net interest margin increasing in a rising rate environment and decreasing in a falling rate environment. A negative gap (liability sensitive) will generally have the opposite results on the net interest margin. Certain variable rate loans have embedded floors which limit the decline in yield on those loans at times when market interest rates are extraordinarily low. The degree of asset sensitivity, spreads on loans and net interest margin may be reduced until rates increase by an amount sufficient to eliminate the effects of floors. The adverse effect of floors as market rates increase may also be offset by the positive gap, the extent to which rates on deposits and other funding sources lag increasing market rates for loans and changes in composition of funding.

(in thousands)0-3 months4-12 months1-3 years3+ yearsTotalAssetsInterest bearing cash and cash equivalents$3,012,307 $— $— $— $3,012,307 Investment securities(1)87,458 183,652 374,873 3,750,132 4,396,115 Variable loans21,046,263 117,120 135,404 199,105 21,497,892 Fixed loans27,032 65,925 207,981 743,993 1,044,931 Total loans(2)21,073,295 183,045 343,385 943,098 22,542,823 Total interest sensitive assets$24,173,060 $366,697 $718,258 $4,693,230 $29,951,245 LiabilitiesInterest bearing customer deposits$15,500,423 $— $— $— $15,500,423 CDs768,124 1,298,625 185,879 120 2,252,748 Total interest bearing deposits16,268,547 1,298,625 185,879 120 17,753,171 Short-term borrowings885,000 — — — 885,000 Long-term debt113,406 — 174,717 372,223