Company: TCBI
Filing Date: 2025-04-17
Form Type: 10-Q
Source: 0001077428-25-000078
Chunk: 123

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-04-17
Form: 10-Q
Item: Part I, Item 2
Chunk 123
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 sensitivity as of March 31, 2025 is illustrated in the following table. The table reflects rate-sensitive positions as of March 31, 2025 and is not necessarily indicative of positions on other dates. The table does not take into account the effect of the Company’s derivatives designated as cash flow hedges. The balances of interest rate sensitive assets and liabilities are presented in the periods in which they next 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$3,600,969 $— $— $— $3,600,969 Investment securities(1)85,307 280,854 85,175 4,079,883 4,531,219 Variable loans20,900,433 199,378 133,045 204,455 21,437,311 Fixed loans47,432 57,454 207,732 725,146 1,037,764 Total loans(2)20,947,865 256,832 340,777 929,601 22,475,075 Total interest sensitive assets$24,634,141 $537,686 $425,952 $5,009,484 $30,607,263 LiabilitiesInterest bearing customer deposits$15,781,587 $— $— $— $15,781,587 CDs953,511