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These excerpts taken from the TCBI 10-K filed Feb 19, 2009. Securities
Securities are classified as trading, available-for-sale or
held-to-maturity. Management classifies securities at the time
of purchase and re-assesses such designation at each balance
sheet date; however, transfers between categories from this
re-assessment are rare.
Trading
Account
Securities acquired for resale in anticipation of short-term
market movements are classified as trading, with realized and
unrealized gains and losses recognized in income. To date, we
have not had any activity in our trading account.
Held-to-Maturity
and Available-for-Sale
Debt securities are classified as held-to-maturity when we have
the positive intent and ability to hold the securities to
maturity. Held-to-maturity securities are stated at amortized
cost. Debt securities not classified as held-to-maturity or
trading and marketable equity securities not classified as
trading are classified as available-for-sale.
Available-for-sale securities are stated at fair value, with the
unrealized gains and losses reported in a separate component of
accumulated other comprehensive income (loss), net of tax. The
amortized cost of debt securities is adjusted for amortization
of premiums and accretion of discounts to maturity, or in the
case of mortgage-backed securities, over the estimated life of
the security. Such amortization and accretion is included in
interest income from securities. Realized gains and losses and
declines in value judged to be other-than-temporary are included
in gain (loss) on sale of securities. The cost of securities
sold is based on the specific identification method.
Table of Contents
All securities are available-for-sale as of December 31,
2008 and 2007.
Securities Securities are classified as trading, available-for-sale or held-to-maturity. Management classifies securities at the time of purchase and re-assesses such designation at each balance sheet date; however, transfers between categories from this re-assessment are rare. Trading Account Securities acquired for resale in anticipation of short-term market movements are classified as trading, with realized and unrealized gains and losses recognized in income. To date, we have not had any activity in our trading account. Held-to-Maturity and Available-for-Sale Debt securities are classified as held-to-maturity when we have the positive intent and ability to hold the securities to maturity. Held-to-maturity securities are stated at amortized cost. Debt securities not classified as held-to-maturity or trading and marketable equity securities not classified as trading are classified as available-for-sale. Available-for-sale securities are stated at fair value, with the unrealized gains and losses reported in a separate component of accumulated other comprehensive income (loss), net of tax. The amortized cost of debt securities is adjusted for amortization of premiums and accretion of discounts to maturity, or in the case of mortgage-backed securities, over the estimated life of the security. Such amortization and accretion is included in interest income from securities. Realized gains and losses and declines in value judged to be other-than-temporary are included in gain (loss) on sale of securities. The cost of securities sold is based on the specific identification method.
Table of ContentsAll securities are available-for-sale as of December 31, 2008 and 2007. Securities
The fair value of investment securities is based on prices
obtained from independent pricing services which are based on
quoted market prices for the same or similar securities.
Securities The fair value of investment securities is based on prices obtained from independent pricing services which are based on quoted market prices for the same or similar securities. These excerpts taken from the TCBI 10-K filed Feb 26, 2008. Securities
The fair value of investment securities is based on prices
obtained from independent pricing services which are based on
quoted market prices for the same or similar securities.
Securities The fair value of investment securities is based on prices obtained from independent pricing services which are based on quoted market prices for the same or similar securities. This excerpt taken from the TCBI 10-K filed Mar 2, 2007. Securities
The fair value of investment securities is based on prices
obtained from independent pricing services which are based on
quoted market prices for the same or similar securities.
This excerpt taken from the TCBI 10-K filed Mar 3, 2006. Securities
The fair value of investment securities is based on prices
obtained from independent pricing services which are based on
quoted market prices for the same or similar securities.
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