Parent Company Only

12 Months Ended

Dec. 31, 2019

Condensed Financial Information Disclosure [Abstract]

Parent Company Only

Parent Company Only

Summarized financial information for Texas Capital Bancshares, Inc. – Parent Company Only are as follows:

Balance Sheet

	December 31,
(in thousands)	2019			2018
Assets
Cash and cash equivalents	$	71,462		$	89,561
Loans held for investment (net of unearned income)	10,500			7,500
Investment in subsidiaries	2,878,330			2,534,341
Other assets	88,639			87,451
Total assets	$	3,048,931		$	2,718,853
Liabilities and Stockholders’ Equity
Other liabilities	$	1,768		$	1,471
Subordinated notes	108,715			108,614
Trust preferred subordinated debentures	113,406			113,406
Total liabilities	223,889			223,491
Preferred stock	150,000			150,000
Common stock	503			502
Additional paid-in capital	988,357			978,042
Retained earnings	1,677,240			1,366,308
Treasury stock	(8		)	(8		)
Accumulated other comprehensive income	8,950			518
Total stockholders’ equity	2,825,042			2,495,362
Total liabilities and stockholders’ equity	$	3,048,931		$	2,718,853

Statement of Earnings

	Year ended December 31,
(in thousands)	2019			2018			2017
Interest on loans	$	3,401		$	3,398		$	3,271
Dividend income	10,400			10,400			10,400
Other income	151			142			108
Total income	13,952			13,940			13,779
Other non-interest income	17			7			13
Interest expense	12,342			12,031			10,908
Salaries and employee benefits	607			588			489
Legal and professional	3,093			2,020			1,700
Other non-interest expense	1,889			2,013			1,761
Total expense	17,931			16,652			14,858
Income (loss) before income taxes and equity in undistributed income of subsidiary	(3,962		)	(2,705		)	(1,066		)
Income tax expense (benefit)	(861		)	(587		)	(371		)
Income (loss) before equity in undistributed income of subsidiary	(3,101		)	(2,118		)	(695		)
Equity in undistributed income of subsidiary	323,783			300,758			194,118
Net income	320,682			298,640			193,423
Preferred stock dividends	9,750			9,750			9,750
Net income available to common stockholders	$	310,932		$	288,890		$	183,673

Statements of Cash Flows

	Year ended December 31,
(in thousands)	2019			2018			2017
Operating Activities
Net income	$	320,682		$	298,640		$	193,423
Adjustments to reconcile net income to net cash used in operating activities:
Equity in undistributed income of subsidiary	(323,783		)	(300,758		)	(194,118		)
Amortization	101			101			101
Increase in other assets	(1,187		)	(1,152		)	(739		)
Increase (decrease) in other liabilities	297			227			(40		)
Net cash used in operating activities	(3,890		)	(2,942		)	(1,373		)
Investing Activities
Net increase in loans held for investment	(3,000		)	—			(7,500		)
Investments in and advances to subsidiaries	—			(40,000		)	(55,000		)
Net cash used in investing activities	(3,000		)	(40,000		)	(62,500		)
Financing Activities
Proceeds from sale of stock related to stock-based awards	(1,459		)	(2,382		)	(2,241		)
Preferred dividends paid	(9,750		)	(9,750		)	(9,750		)
Net cash used in financing activities	(11,209		)	(12,132		)	(11,991		)
Net increase (decrease) in cash and cash equivalents	(18,099		)	(55,074		)	(75,864		)
Cash and cash equivalents at beginning of year	89,561			144,635			220,499
Cash and cash equivalents at end of year	$	71,462		$	89,561		$	144,635