Company: TCBI
Filing Date: 2025-02-11
Form Type: 10-K
Source: 0001077428-25-000036
Chunk: 51

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-02-11
Form: 10-K
Item: Item 8
Chunk 51
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 government agency securities— — — — — — Residential mortgage-backed securities1,338,801 (18,141)1,323,180 (150,161)2,661,981 (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 $(177,092)December 31, 2023U.S. Treasury securities$— $— $636,473 $(14,639)$636,473 $(14,639)U.S. government agency securities— — 106,592 (18,408)106,592 (18,408)Residential mortgage-backed securities910,999 (19,751)1,501,340 (292,691)2,412,339 (312,442)CRT securities— — 11,995 (1,641)11,995 (1,641)Total$910,999 $(19,751)$2,256,400 $(327,379)$3,167,399 $(347,130)At December 31, 2024, the Company had 60 available-for-sale debt securities in an unrealized loss position, comprised of 6 U.S. Treasury securities, 46 residential mortgage-backed securities, 6 commercial mortgage-backed securities and two 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 AOCI. Held-to-maturity securities consist of government guaranteed securities for which no loss is expected. At December 31, 2024 and December 31, 2023, no allowance for credit losses was established for available-for-sale or held-to-maturity debt securities.

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At December 31,