Company: TCBI
Filing Date: 2025-04-17
Form Type: 10-Q
Source: 0001077428-25-000078
Chunk: 58

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-04-17
Form: 10-Q
Item: Part I, Item 8
Chunk 58
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,981 (168,302)Commercial mortgage-backed securities201,432 (5,398)— — 201,432 (5,398)CRT securities— — 11,926 (540)11,926 (540)Total$1,540,233 $(23,539)$1,612,391 $(153,553)$3,152,624 $(177,092)At March 31, 2025, the Company had 55 available-for-sale debt securities in an unrealized loss position, comprised of 6 U.S. Treasury securities, 42 residential mortgage-backed securities, 5 commercial mortgage-backed securities and two Credit Risk Transfer (“CRT”) 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 March 31, 2025 and December 31, 2024, no allowance for credit losses was established for available-for-sale or held-to-maturity debt securities.At March 31, 2025 and December 31, 2024, debt securities with carrying values of approximately $913,000 and $940,000, respectively, were pledged to secure certain customer deposits.Equity SecuritiesEquity securities consist of investments that qualify for consideration under the regulations implementing the Community Reinvestment Act and investments in exchange traded funds. The following is a summary of unrealized and realized gains/(losses) recognized on equity securities included in other non-interest income on the consolidated statements of income and other comprehensive income:Three Months Ended March 31,(in thousands)20252024Net gains/(losses) recognized during the period$(1,708)$4,034 Less: Realized net gains/(losses) recognized on securities sold328 312 Unrealized net gains/(losses) recognized on securities still held$(2,036)$3,722 

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(4) Loans and Allowance for Credit Losses on