Company: TCBI
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001077428-25-000145
Chunk: 99

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-10-23
Form: 10-Q
Item: Part I, Item 8
Chunk 99
---
147)$1,014,572 $(100,147)Commercial mortgage-backed securities33,327 (6)— — 33,327 (6)Credit risk transfer securities— — 10,993 (454)10,993 (454)Total$33,350 $(6)$1,025,542 $(100,601)$1,058,892 $(100,607)December 31, 2024U.S. Treasury securities$— $— $277,285 $(2,852)$277,285 $(2,852)Residential mortgage-backed securities1,338,801 (18,141)1,323,180 (150,161)2,661,981 (168,302)Commercial mortgage-backed securities201,432 (5,398)— — 201,432 (5,398)Credit risk transfer securities— — 11,926 (540)11,926 (540)Total$1,540,233 $(23,539)$1,612,391 $(153,553)$3,152,624 $(177,092)At September 30, 2025, the Company had 32 available-for-sale debt securities in an unrealized loss position, comprised of 29 residential mortgage-backed securities, one commercial mortgage-backed securities and two credit risk transfer securities. The unrealized losses on the available-for-sale debt securities were the result of changes in market interest rates compared to the date the securities were acquired rather than the credit quality of the issuers or underlying loans. The Company does not currently intend to sell and based on current conditions it does not believe it is likely that the Company will be required to sell these available-for-sale debt securities before recovery of the amortized cost of such securities in an unrealized loss position and has therefore recorded the unrealized losses related to this portfolio in accumulated other comprehensive income/loss, net (“AOCI”). Held-to-maturity securities consist of government guaranteed securities for which no loss is expected. At September 30, 2025 and December 31, 2024, no allowance for credit losses was established for available-for-sale or held-to-maturity debt securities.At September 30, 2025 and December 31, 2024, debt securities with carrying values of approximately $951,000 and $940,000, respectively, were pledged to secure certain customer deposits.

10

Equity SecuritiesThe following is a