Company: TCBI
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001077428-25-000145
Chunk: 114

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-10-23
Form: 10-Q
Item: Part I, Item 8
Chunk 114
---
 On a combined amortized cost weighted-average basis a discount rate of 5.09% and a weighted-average life of 4.74 years were utilized to determine the fair value of these securities at September 30, 2025. At December 31, 2024, the combined weighted-average discount rate and weighted-average life utilized were 5.63% and 5.35 years, respectively.Loans held for investmentCertain collateral-dependent loans held for investment are reported at fair value when, based upon an individual evaluation, the specific allocation of the allowance for credit losses that is deducted from the loan's amortized cost is based upon the fair value of the loan's underlying collateral. The $21.1 million fair value of loans held for investment at September 30, 2025 reported above includes impaired loans with a carrying value of $35.8 million that were reduced by specific allowance allocations totaling $14.7 million based on collateral valuations utilizing Level 3 inputs. The $35.3 million fair value of loans held for investment at December 31, 2024 reported above includes impaired loans with a carrying value of $63.6 million that were reduced by specific allowance allocations totaling $28.3 million based on collateral valuations utilizing Level 3 inputs. Fair Value of Financial InstrumentsA summary of the carrying amounts and estimated fair values of financial instruments is as follows:CarryingAmountEstimated Fair Value(in thousands)TotalLevel 1Level 2Level 3September 30, 2025Financial assets:Cash and cash equivalents$3,064,825 $3,064,825 $3,064,825 $— $— Available-for-sale debt securities3,801,261 3,801,261 — 3,790,268 10,993 Held-to-maturity debt securities743,120 661,923 — 661,923 — Equity securities55,054 55,054 45,054 10,000 — Trading securities2,219 2,219 — 2,219 — Loans held for investment, net23,917,837 23,874,493 — — 23,874,493 Derivative assets37,297 37,297 — 37,297 — Financial liabilities:Total deposits27,505,398 27,504,235 — — 27,504,235 Short-term borrowings275