Company: TCBI
Filing Date: 2025-02-11
Form Type: 10-K
Source: 0001077428-25-000036
Chunk: 57

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-02-11
Form: 10-K
Item: Item 8
Chunk 57
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761 — 8,264 30 46,055 Recoveries5,149 — 18 15 5,182 Net charge-offs (recoveries)32,612 — 8,246 15 40,873 Ending balance$198,423 $2,755 $68,825 $1,706 $271,709 Year Ended December 31, 2023Beginning balance$185,303 $10,745 $54,268 $3,153 $253,469 Provision for credit losses on loans31,529 (6,572)23,057 (583)47,431 Charge-offs51,186 — 5,500 41 56,727 Recoveries5,791 — 4 5 5,800 Net charge-offs (recoveries)45,395 — 5,496 36 50,927 Ending balance$171,437 $4,173 $71,829 $2,534 $249,973 The Company recorded a $60.0 million provision for credit losses on loans for the year ended December 31, 2024, compared to $47.4 million for the same period of 2023. The $60.0 million provision for credit losses on loans resulted primarily from growth in loans held for investment and $40.9 million in net charge-offs during the year ended December 31, 2024, compared to net charge-offs of $50.9 million during the same period of 2023. Criticized loans totaled $714.0 million at December 31, 2024, compared to $738.2 million at December 31, 2023.A loan is considered collateral-dependent when the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral. At December 31, 2024, the Company had $28.0 million in collateral-dependent commercial loans, collateralized by business assets, and $34.6 million and $1.0 million in collateral-dependent commercial real estate and consumer loans, respectively, both of which are collateralized by real estate.The table below provides an age analysis of gross loans held for investment:(in thousands)30-59 DaysPast Due60-89 DaysPast Due90 Days or More Past DueTotal PastDueNon-