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These excerpts taken from the TCBI 10-K filed Feb 19, 2009. Deposits
We compete for deposits by offering a broad range of products
and services to our customers. While this includes offering
competitive interest rates and fees, the primary means of
competing for deposits is convenience and service to our
customers. However, our strategy to provide service and
convenience to customers does not include a large branch
network. Our bank offers nine banking centers, courier services
and online banking. BankDirect, the Internet division of our
bank, serves its customers on a
24 hours-a-day/7 days-a-week
basis solely through Internet banking.
Average deposits for the year ended December 31, 2008
increased $165.8 million compared to the same period of
2007. Average demand deposits, interest bearing transaction and
time deposits (including deposits in foreign branches) increased
by $66.3 million, $8.6 million and
$137.6 million, respectively, while savings deposits
decreased $46.7 million during the year ended
December 31, 2007 as compared to the same period of 2006.
The average cost of deposits decreased in 2008 mainly due to
decreasing market interest rates during 2008.
Average deposits for the year ended December 31, 2007
increased $415.3 million compared to the same period of
2006. Average demand deposits, savings and time deposits
increased by $863,000, $75.6 million and
$347.3 million, respectively, while average interest
bearing transaction accounts decreased $8.4 million during
the year ended December 31, 2007 as compared to the same
period of 2006. The average cost of deposits increased in 2007
mainly due to higher market interest rates.
Table of Contents
Deposits We compete for deposits by offering a broad range of products and services to our customers. While this includes offering competitive interest rates and fees, the primary means of competing for deposits is convenience and service to our customers. However, our strategy to provide service and convenience to customers does not include a large branch network. Our bank offers nine banking centers, courier services and online banking. BankDirect, the Internet division of our bank, serves its customers on a 24 hours-a-day/7 days-a-week basis solely through Internet banking. Average deposits for the year ended December 31, 2008 increased $165.8 million compared to the same period of 2007. Average demand deposits, interest bearing transaction and time deposits (including deposits in foreign branches) increased by $66.3 million, $8.6 million and $137.6 million, respectively, while savings deposits decreased $46.7 million during the year ended December 31, 2007 as compared to the same period of 2006. The average cost of deposits decreased in 2008 mainly due to decreasing market interest rates during 2008. Average deposits for the year ended December 31, 2007 increased $415.3 million compared to the same period of 2006. Average demand deposits, savings and time deposits increased by $863,000, $75.6 million and $347.3 million, respectively, while average interest bearing transaction accounts decreased $8.4 million during the year ended December 31, 2007 as compared to the same period of 2006. The average cost of deposits increased in 2007 mainly due to higher market interest rates.
Table of ContentsDeposits
The carrying amounts for variable-rate money market accounts
approximate their fair value. Fixed-term certificates of deposit
fair values are estimated using a discounted cash flow
calculation that applies interest rates currently being offered
on certificates to a schedule of aggregated expected monthly
maturities.
Deposits The carrying amounts for variable-rate money market accounts approximate their fair value. Fixed-term certificates of deposit fair values are estimated using a discounted cash flow calculation that applies interest rates currently being offered on certificates to a schedule of aggregated expected monthly maturities. These excerpts taken from the TCBI 10-K filed Feb 26, 2008. Deposits
The carrying amounts for variable-rate money market accounts
approximate their fair value. Fixed-term certificates of deposit
fair values are estimated using a discounted cash flow
calculation that applies interest rates currently being offered
on certificates to a schedule of aggregated expected monthly
maturities.
Deposits The carrying amounts for variable-rate money market accounts approximate their fair value. Fixed-term certificates of deposit fair values are estimated using a discounted cash flow calculation that applies interest rates currently being offered on certificates to a schedule of aggregated expected monthly maturities. This excerpt taken from the TCBI 10-K filed Mar 2, 2007. Deposits
The carrying amounts for variable-rate money market accounts
approximate their fair value. Fixed-term certificates of deposit
fair values are estimated using a discounted cash flow
calculation that applies interest rates currently being offered
on certificates to a schedule of aggregated expected monthly
maturities.
This excerpt taken from the TCBI 10-K filed Mar 3, 2006. Deposits
The carrying amounts for variable-rate money market accounts
approximate their fair value. Fixed-term certificates of deposit
fair values are estimated using a discounted cash flow
calculation that applies interest rates currently being offered
on certificates to a schedule of aggregated expected monthly
maturities.
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