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These excerpts taken from the TCBI 10-K filed Feb 19, 2009. Critical
Accounting Policies
SEC guidance requires disclosure of “critical accounting
policies.” The SEC defines “critical accounting
policies” as those that are most important to the
presentation of a company’s financial condition and
results,
Table of Contents
and require management’s most difficult, subjective or
complex judgments, often as a result of the need to make
estimates about the effect of matters that are inherently
uncertain.
We follow financial accounting and reporting policies that are
in accordance with accounting principles generally accepted in
the United States. The more significant of these policies are
summarized in Note 1 to the consolidated financial
statements. Not all these significant accounting policies
require management to make difficult, subjective or complex
judgments. However, the policy noted below could be deemed to
meet the SEC’s definition of critical accounting policies.
Management considers the policies related to the allowance for
loan losses as the most critical to the financial statement
presentation. The total allowance for loan losses includes
activity related to allowances calculated in accordance with
Statement of Financial Accounting Standards (SFAS) No. 114,
Accounting by Creditors for Impairment of a Loan, and
SFAS No. 5, Accounting for Contingencies. The
allowance for loan losses is established through a provision for
loan losses charged to current earnings. The amount maintained
in the allowance reflects management’s continuing
evaluation of the loan losses inherent in the loan portfolio.
The allowance for loan losses is comprised of specific reserves
assigned to certain classified loans and general reserves.
Factors contributing to the determination of specific reserves
include the credit-worthiness of the borrower, and more
specifically, changes in the expected future receipt of
principal and interest payments
and/or in
the value of pledged collateral. A reserve is recorded when the
carrying amount of the loan exceeds the discounted estimated
cash flows using the loan’s initial effective interest rate
or the fair value of the collateral for certain collateral
dependent loans. For purposes of determining the general
reserve, the portfolio is segregated by product types in order
to recognize differing risk profiles among categories, and then
further segregated by credit grades. See “Summary of Loan
Loss Experience” for further discussion of the risk factors
considered by management in establishing the allowance for loan
losses.
Critical Accounting Policies SEC guidance requires disclosure of “critical accounting policies.” The SEC defines “critical accounting policies” as those that are most important to the presentation of a company’s financial condition and results,
Table of Contentsand require management’s most difficult, subjective or complex judgments, often as a result of the need to make estimates about the effect of matters that are inherently uncertain. We follow financial accounting and reporting policies that are in accordance with accounting principles generally accepted in the United States. The more significant of these policies are summarized in Note 1 to the consolidated financial statements. Not all these significant accounting policies require management to make difficult, subjective or complex judgments. However, the policy noted below could be deemed to meet the SEC’s definition of critical accounting policies. Management considers the policies related to the allowance for loan losses as the most critical to the financial statement presentation. The total allowance for loan losses includes activity related to allowances calculated in accordance with Statement of Financial Accounting Standards (SFAS) No. 114, Accounting by Creditors for Impairment of a Loan, and SFAS No. 5, Accounting for Contingencies. The allowance for loan losses is established through a provision for loan losses charged to current earnings. The amount maintained in the allowance reflects management’s continuing evaluation of the loan losses inherent in the loan portfolio. The allowance for loan losses is comprised of specific reserves assigned to certain classified loans and general reserves. Factors contributing to the determination of specific reserves include the credit-worthiness of the borrower, and more specifically, changes in the expected future receipt of principal and interest payments and/or in the value of pledged collateral. A reserve is recorded when the carrying amount of the loan exceeds the discounted estimated cash flows using the loan’s initial effective interest rate or the fair value of the collateral for certain collateral dependent loans. For purposes of determining the general reserve, the portfolio is segregated by product types in order to recognize differing risk profiles among categories, and then further segregated by credit grades. See “Summary of Loan Loss Experience” for further discussion of the risk factors considered by management in establishing the allowance for loan losses. These excerpts taken from the TCBI 10-K filed Feb 26, 2008. Critical
Accounting Policies
SEC guidance requires disclosure of “critical accounting
policies.” The SEC defines “critical accounting
policies” as those that are most important to the
presentation of a company’s financial condition and
results, and require management’s most difficult,
subjective or complex judgments, often as a result of the need
to make estimates about the effect of matters that are
inherently uncertain.
We follow financial accounting and reporting policies that are
in accordance with accounting principles generally accepted in
the United States. The more significant of these policies are
summarized in Note 1 to the consolidated financial
statements. Not all these significant accounting policies
require management to
Table of Contents
make difficult, subjective or complex judgments. However, the
policies noted below could be deemed to meet the SEC’s
definition of critical accounting policies.
Management considers the policies related to the allowance for
loan losses as the most critical to the financial statement
presentation. The total allowance for loan losses includes
activity related to allowances calculated in accordance with
Statement of Financial Accounting Standards (SFAS) No. 114,
Accounting by Creditors for Impairment of a Loan, and
SFAS No. 5, Accounting for Contingencies. The
allowance for loan losses is established through a provision for
loan losses charged to current earnings. The amount maintained
in the allowance reflects management’s continuing
evaluation of the loan losses inherent in the loan portfolio.
The allowance for loan losses is comprised of specific reserves
assigned to certain classified loans and general reserves.
Factors contributing to the determination of specific reserves
include the credit-worthiness of the borrower, and more
specifically, changes in the expected future receipt of
principal and interest payments
and/or in
the value of pledged collateral. A reserve is recorded when the
carrying amount of the loan exceeds the discounted estimated
cash flows using the loan’s initial effective interest rate
or the fair value of the collateral for certain collateral
dependent loans. For purposes of determining the general
reserve, the portfolio is segregated by product types in order
to recognize differing risk profiles among categories, and then
further segregated by credit grades. See “Summary of Loan
Loss Experience” for further discussion of the risk factors
considered by management in establishing the allowance for loan
losses.
Critical Accounting Policies SEC guidance requires disclosure of “critical accounting policies.” The SEC defines “critical accounting policies” as those that are most important to the presentation of a company’s financial condition and results, and require management’s most difficult, subjective or complex judgments, often as a result of the need to make estimates about the effect of matters that are inherently uncertain. We follow financial accounting and reporting policies that are in accordance with accounting principles generally accepted in the United States. The more significant of these policies are summarized in Note 1 to the consolidated financial statements. Not all these significant accounting policies require management to
Table of Contentsmake difficult, subjective or complex judgments. However, the policies noted below could be deemed to meet the SEC’s definition of critical accounting policies. Management considers the policies related to the allowance for loan losses as the most critical to the financial statement presentation. The total allowance for loan losses includes activity related to allowances calculated in accordance with Statement of Financial Accounting Standards (SFAS) No. 114, Accounting by Creditors for Impairment of a Loan, and SFAS No. 5, Accounting for Contingencies. The allowance for loan losses is established through a provision for loan losses charged to current earnings. The amount maintained in the allowance reflects management’s continuing evaluation of the loan losses inherent in the loan portfolio. The allowance for loan losses is comprised of specific reserves assigned to certain classified loans and general reserves. Factors contributing to the determination of specific reserves include the credit-worthiness of the borrower, and more specifically, changes in the expected future receipt of principal and interest payments and/or in the value of pledged collateral. A reserve is recorded when the carrying amount of the loan exceeds the discounted estimated cash flows using the loan’s initial effective interest rate or the fair value of the collateral for certain collateral dependent loans. For purposes of determining the general reserve, the portfolio is segregated by product types in order to recognize differing risk profiles among categories, and then further segregated by credit grades. See “Summary of Loan Loss Experience” for further discussion of the risk factors considered by management in establishing the allowance for loan losses. This excerpt taken from the TCBI 10-K filed Mar 2, 2007. Critical
Accounting Policies
SEC guidance requires disclosure of “critical accounting
policies.” The SEC defines “critical accounting
policies” as those that are most important to the
presentation of a company’s financial condition and
results, and require management’s most difficult,
subjective or complex judgments, often as a result of the need
to make estimates about the effect of matters that are
inherently uncertain.
We follow financial accounting and reporting policies that are
in accordance with accounting principles generally accepted in
the United States. The more significant of these policies are
summarized in Note 1 to the consolidated financial
statements. Not all these significant accounting policies
require management to make difficult, subjective, or complex
judgments. However, the policies noted below could be deemed to
meet the SEC’s definition of critical accounting policies.
Management considers the policies related to the allowance for
loan losses as the most critical to the financial statement
presentation. The total allowance for loan losses includes
activity related to allowances calculated in accordance with
Statement of Financial Accounting Standards (SFAS) No. 114,
Accounting by Creditors for Impairment of a Loan, and
SFAS No. 5, Accounting for Contingencies. The
allowance for loan losses is established through a provision for
loan losses charged to current earnings. The amount maintained
in the allowance reflects management’s continuing
evaluation of the loan losses inherent in the loan portfolio.
The allowance for loan losses is comprised of specific reserves
assigned to certain classified loans and general reserves.
Factors contributing to the determination of specific reserves
include the credit-worthiness of the borrower, and more
specifically, changes in the expected future receipt of
principal and interest payments
and/or in
the value of pledged collateral. A reserve is recorded when the
carrying amount of the loan exceeds the discounted estimated
cash flows using the loan’s initial effective interest rate
or the fair value of the collateral for certain collateral
dependent loans. For purposes of determining the general
reserve, the portfolio is segregated by product types in order
to recognize differing risk profiles among categories, and then
further segregated by credit grades. See “Summary of Loan
Loss Experience” for further discussion of the risk factors
considered by management in establishing the allowance for loan
losses.
This excerpt taken from the TCBI 10-K filed Mar 3, 2006. Critical
Accounting Policies
The SEC recently issued guidance for the disclosure of
“critical accounting policies.” The SEC defines
“critical accounting policies” as those that are most
important to the presentation of a company’s financial
condition and results, and require management’s most
difficult, subjective or complex judgments, often as a result of
the need to make estimates about the effect of matters that are
inherently uncertain.
We follow financial accounting and reporting policies that are
in accordance with accounting principles generally accepted in
the United States. The more significant of these policies are
summarized in Note 1 to the consolidated financial
statements. Not all these significant accounting policies
require management to make difficult, subjective, or complex
judgments. However, the policies noted below could be deemed to
meet the SEC’s definition of critical accounting policies.
Management considers the policies related to the allowance for
loan losses as the most critical to the financial statement
presentation. The total allowance for loan losses includes
activity related to allowances calculated in accordance with
Statement of Financial Accounting Standards (SFAS) No. 114,
Accounting by Creditors for Impairment of a Loan, and
SFAS No. 5, Accounting for Contingencies. The
allowance for loan losses is established through a provision for
loan losses charged to current earnings. The amount maintained
in the allowance reflects management’s continuing
evaluation of the loan losses inherent in the loan portfolio.
The allowance for loan losses is comprised of specific reserves
assigned to certain classified loans and general reserves.
Factors contributing to the determination of specific reserves
include the credit-worthiness of the borrower, and more
specifically, changes in the expected future receipt of
principal and interest payments and/or inthe value of pledged
collateral. A reserve is recorded when the carrying amount of
the loan exceeds the discounted estimated cash flows using the
loan’s initial effective interest rate or the fair value of
the collateral for certain collateral dependent loans. For
purposes of determining the general reserve, the portfolio is
segregated by product types in order to recognize differing risk
profiles among categories, and then further segregated by credit
grades. See “Summary of Loan Loss Experience” for
further discussion of the risk factors considered by management
in establishing the allowance for loan losses.
40
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