Regulatory Capital Requirements (Tables)

3 Months Ended

Mar. 31, 2025

At March 31, 2025 and December 31, 2024, the regulatory capital requirements and regulatory capital for these entities are as follows:


	March 31, 2025						December 31, 2024
	Regulatory Capital		Regulatory Capital Requirement		Excess Regulatory Capital		Regulatory Capital		Regulatory Capital Requirement		Excess Regulatory Capital

	(dollars in thousands)
TWL	$	59,460	$	3,280	$	56,180	$	63,532	$	3,646	$	59,886
DW	212,023		3,205		208,818		204,134		4,359		199,775
TWD	48,279		1,585		46,694		52,808		1,208		51,600
TEL	90,696		33,465		57,231		56,152		32,499		23,653
TWJ	11,572		2,543		9,029		3,589		2,841		748
TWEU	8,393		7,109		1,284		8,073		6,838		1,235
TESL	5,926		970		4,956		5,755		942		4,813
TESBV	3,278		1,432		1,846		1,591		1,377		214
YB	5,374		200		5,174		11,677		—		11,677
TDIFC	250		30		220		250		30		220
ICDLC	12,889		625		12,264		20,845		594		20,251
ICDLT	8,059		3,086		4,973		6,504		2,997		3,507
ICDEU	513		156		357		523		150		373

The required and maintained financial resources and liquid financial assets at March 31, 2025 and December 31, 2024 are as follows:


	March 31, 2025						December 31, 2024
	Financial Resources		Required Financial Resources		Excess Financial Resources		Financial Resources		Required Financial Resources		Excess Financial Resources

	(dollars in thousands)
TW SEF	$	67,554	$	17,500	$	50,054	$	50,974	$	16,500	$	34,474
DW SEF	13,883		9,096		4,787		14,083		9,062		5,021


	March 31, 2025						December 31, 2024
	Liquid Financial Assets		Required Liquid Financial Assets		Excess Liquid Financial Assets		Liquid Financial Assets		Required Liquid Financial Assets		Excess Liquid Financial Assets

	(dollars in thousands)
TW SEF	$	21,728	$	4,375	$	17,353	$	28,163	$	4,125	$	24,038
DW SEF	7,971		2,274		5,697		9,956		2,266		7,690