Regulatory Capital Requirements (Tables)

9 Months Ended

Sep. 30, 2026

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


	September 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	$	69,459	$	5,056	$	64,403	$	65,479	$	5,296	$	60,183
DW	305,076		3,033		302,043		260,326		3,131		257,195
TWD	74,579		1,425		73,154		54,479		1,458		53,021
TEL	133,140		35,756		97,384		94,572		33,184		61,388
TWJ	12,657		3,123		9,534		10,619		2,705		7,914
TWEU	11,619		7,730		3,889		8,253		7,483		770
TESL	7,059		992		6,067		6,889		1,177		5,712
TESBV	8,550		3,211		5,339		8,527		4,028		4,499
YB	10,345		674		9,671		9,932		—		9,932
TDIFC	786		30		756		283		30		253
ICDLC	13,554		893		12,661		10,349		766		9,583
ICDLT	9,144		4,667		4,477		7,992		4,126		3,866
TWSA	568		62		506		735		63		672
TAPL	93		39		54		148		39		109

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


	September 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	$	191,996	$	19,000	$	172,996	$	68,063	$	18,000	$	50,063
DW SEF	17,234		8,914		8,320		15,027		8,511		6,516


	September 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	$	134,104	$	4,750	$	129,354	$	34,190	$	4,500	$	29,690
DW SEF	12,705		2,229		10,476		10,664		2,128		8,536