Regulatory Capital Requirements (Tables)

6 Months Ended

Jun. 30, 2026

At June 30, 2026 and December 31, 2025, the regulatory capital requirements and regulatory capital for these entities are as follows:


	June 30, 2026						December 31, 2025
	Regulatory Capital		Regulatory Capital Requirement		Excess Regulatory Capital		Regulatory Capital		Regulatory Capital Requirement		Excess Regulatory Capital

	(dollars in thousands)
TWL	$	86,497	$	3,933	$	82,564	$	65,479	$	5,296	$	60,183
DW	279,993		2,233		277,760		260,326		3,131		257,195
TWD	53,243		1,285		51,958		54,479		1,458		53,021
TEL	133,128		32,541		100,587		94,572		33,184		61,388
TWJ	9,282		3,079		6,203		10,619		2,705		7,914
TWEU	11,681		6,535		5,146		8,253		7,483		770
TESL	6,983		992		5,991		6,889		1,177		5,712
TESBV	8,596		3,990		4,606		8,527		4,028		4,499
YB	9,048		438		8,610		9,932		—		9,932
TDIFC	712		30		682		283		30		253
ICDLC	11,662		799		10,863		10,349		766		9,583
ICDLT	9,143		4,539		4,604		7,992		4,126		3,866
TWSA	152		62		90		735		63		672
TAPL	115		39		76		148		39		109

The required and maintained financial resources and liquid financial assets at June 30, 2026 and December 31, 2025 are as follows:


	June 30, 2026						December 31, 2025
	Financial Resources		Required Financial Resources		Excess Financial Resources		Financial Resources		Required Financial Resources		Excess Financial Resources

	(dollars in thousands)
TW SEF	$	89,299	$	19,000	$	70,299	$	68,063	$	18,000	$	50,063
DW SEF	16,060		8,787		7,273		15,027		8,511		6,516


	June 30, 2026						December 31, 2025
	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	$	41,534	$	4,750	$	36,784	$	34,190	$	4,500	$	29,690
DW SEF	11,769		2,197		9,572		10,664		2,128		8,536