Company: TCBI
Filing Date: 2025-02-11
Form Type: 10-K
Source: 0001077428-25-000036
Chunk: 72

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-02-11
Form: 10-K
Item: Item 8
Chunk 72
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Lease ROU assets(37,527)(21,225)Depreciation(1,513)(3,473)Other(460)(728)Total deferred tax liabilities(54,762)(35,167)Net deferred tax asset$158,322 $185,061 

(13) 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 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.

78

Assets and liabilities measured at fair value are as follows: Fair Value Measurements Using(in thousands)Level 1Level 2Level 3December 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(4)— — 35,318 Derivative assets(5)— 23,202 — Securities sold not yet purchased(6)33,705 — — Derivative liabilities(5)— 57,906 — Non-qualified deferred compensation plan liabilities(7)19,109 — — December 31, 2023Available-for-sale debt securities:(1)U.S. Treasury securities$636,473 $— $— U.S. government agency securities— 106,592 — Residential mortgage-backed securities— 2,470,832 — CRT securities— — 11,995 Equity securities(1)(2)40,661 11,164 — Mortgage loans held for sale(3)— 706 — Loans held for investment(4)— — 38,341 Derivative assets(5)— 32,944 — Securities sold not yet purchased(6)10,602 — — Derivative liabilities(5)— 70,917 — Non-qualified