Company: TCBI
Filing Date: 2025-02-11
Form Type: 10-K
Source: 0001077428-25-000036
Chunk: 8

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-02-11
Form: 10-K
Item: Item 7
Chunk 8
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 credit losses.

The table below summarizes the industry concentrations of loans held for investment on a gross basis at December 31, 2024: 

(dollars in thousands)AmountPercent of TotalCommercial:Financials (excluding banks)$3,991,253 17.7 %Energy1,226,290 5.4 %Technology, telecom and media1,141,324 5.1 %Real estate related services (not secured by real estate)960,319 4.3 %Healthcare and pharmaceuticals651,417 2.9 %Commercial services584,910 2.6 %Retail388,120 1.7 %Machinery, equipment and parts manufacturing361,545 1.6 %Entertainment and recreation283,499 1.3 %Government and education226,498 1.0 %Food and beverage manufacturing and wholesale185,241 0.8 %Materials and commodities180,240 0.8 %Transportation services172,949 0.8 %Consumer services139,321 0.6 %Utilities77,780 0.3 %Diversified or miscellaneous574,885 2.6 %Total commercial11,145,591 49.5 %Mortgage finance5,215,574 23.1 %Commercial real estate5,616,282 24.9 %Consumer565,376 2.5 %Total$22,542,823 100.0 %

The Company’s largest concentration of commercial loans held for investment in any single industry is in financials excluding banks. Loans extended to borrowers in the financials excluding banks category are comprised largely of loans to companies who loan money to businesses and consumers for various purposes including, but not limited to, insurance, consumer goods and real estate. This category also includes loans to companies involved in investment management and securities and commodities trading.

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The Company believes the loans it originates are appropriately collateralized under its credit standards. Approximately 97% of the Company’s loans held for investment are secured by collateral. The table below sets forth information regarding the distribution of loans held for investment on a gross basis among various types of collateral at December 31, 2024:

(dollars in thousands)AmountPercent of TotalCommercial:Business assets$9,733,194 43.2 %Highly liquid assets320,950 1.4 %Other assets174,