Company: TCBI
Filing Date: 2025-02-11
Form Type: 10-K
Source: 0001077428-25-000036
Chunk: 49

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-02-11
Form: 10-K
Item: Item 8
Chunk 49
---
694,578 7,200 (177,092)3,524,686 Held-to-maturity debt securities:Residential mortgage-backed securities796,168 — (117,994)678,174 Total held-to-maturity debt securities796,168 — (117,994)678,174 Equity securities75,261 Total investment securities(2)$4,396,115 December 31, 2023Available-for-sale debt securities:U.S. Treasury securities$651,112 $— $(14,639)$636,473 U.S. government agency securities125,000 — (18,408)106,592 Residential mortgage-backed securities2,782,734 540 (312,442)2,470,832 CRT securities13,636 — (1,641)11,995 Total available-for-sale debt securities3,572,482 540 (347,130)3,225,892 Held-to-maturity securities:Residential mortgage-backed securities865,477 — (101,633)763,844 Total held-to-maturity securities865,477 — (101,633)763,844 Equity securities51,825 Total investment securities(2)$4,143,194 (1)    Excludes accrued interest receivable of $13.8 million and $9.5 million at December 31, 2024 and December 31, 2023, respectively, related to available-for-sale debt securities and $1.3 million and $1.4 million at December 31, 2024 and December 31, 2023, respectively, related to held-to-maturity debt securities that is recorded in accrued interest receivable and other assets on the consolidated balance sheets.(2)    Includes available-for-sale debt securities and equity securities at estimated fair value and held-to-maturity debt securities at amortized cost.

65

Debt SecuritiesDuring the third quarter of 2024, the Company sold available-for-sale debt securities with an amortized cost basis of $1.2 billion, realizing a loss of $179.6 million, and repositioned the proceeds into a purchase of available-for-sale residential mortgage-backed securities with an amortized cost basis of $1.1 billion. In the first quarter of 2023, the Company sold available-for-sale U.S. Treasury securities with