Company: TCBI
Filing Date: 2025-04-17
Form Type: 10-Q
Source: 0001077428-25-000078
Chunk: 26

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-04-17
Form: 10-Q
Item: Part I, Item 1
Chunk 26
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 thousands except period data)March 31, 2025Unrecognized compensation expense related to unvested stock-settled awards$31,659 Weighted average period over which stock-settled awards expense is expected to be recognized, in years2.1Unrecognized compensation expense related to cash-settled units$25,252 Weighted average period over which cash-settled units expense is expected to be recognized, in years2.5

(9) Fair Value Disclosures

The Company determines the fair market values of its assets and liabilities measured at fair value on a recurring and nonrecurring basis using the fair value hierarchy as prescribed in Accounting Standards Codification 820, Fair Value Measurements and Disclosures. See Note 1 - Operations and Summary of Significant Accounting Policies in the Company’s 2024 Form 10-K for information regarding the fair value hierarchy and a description of the methods and significant assumptions used by the Company in estimating its fair value disclosures for financial statements.

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Assets and liabilities measured at fair value are as follows: Fair Value Measurements Using(in thousands)Level 1Level 2Level 3March 31, 2025Available-for-sale debt securities:(1)U.S. Treasury securities$280,099 $— $— Residential mortgage-backed securities— 3,146,131 — Commercial mortgage-backed securities— 240,554 — CRT securities— — 11,594 Equity securities(1)(2)55,551 16,128 — Trading securities(1)— 1,808 — Loans held for investment(3)— — 29,175 Derivative assets(4)— 39,542 — Securities sold not yet purchased(5)30,167 — — Derivative liabilities(4)— 44,133 — Non-qualified deferred compensation plan liabilities(6)17,785 — — December 31, 2024Available-for-sale debt securities:(1)U.S. Treasury securities$277,285 $— $— Residential mortgage-backed securities— 3,034,043 — Commercial mortgage-backed securities— 201,432 — CRT securities— — 11,926 Equity securities(1)(2)59,235 16,026 — Loans held for investment(3)— — 35,318 Derivative assets(4)—