Veritex (VBTX) 10-Q 30 Oct 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Oct. 30, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	Veritex Holdings, Inc.
Entity Central Index Key	1,501,570
Document Type	10-Q
Document Period End Date	Sep. 30, 2015
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		10,712,472
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
ASSETS
Cash and due from banks	$ 10,478	$ 9,223
Interest bearing deposits in other banks	113,031	84,028
Total cash and cash equivalents	123,509	93,251
Investment securities	61,023	45,127
Loans held for sale	1,766	8,858
Loans, net of allowance for loan losses of $6,214 and $5,981, respectively	747,930	597,278
Accrued interest receivable	2,088	1,542
Bank-owned life insurance	19,299	17,822
Bank premises, furniture and equipment, net	17,585	11,150
Non-marketable equity securities	4,045	4,139
Investment in unconsolidated subsidiary	93	93
Other real estate owned	493	105
Intangible assets, net of accumulated amortization of $1,490 and $1,225, respectively	2,458	1,261
Goodwill	26,025	19,148
Other assets	3,225	2,512
Total assets	1,009,539	802,286
Deposits:
Noninterest-bearing	299,864	251,124
Interest-bearing	542,743	387,619
Total deposits	842,607	638,743
Accounts payable and accrued expenses	1,782	1,582
Accrued interest payable and other liabilities	1,089	575
Advances from Federal Home Loan Bank	18,478	40,000
Junior subordinated debentures	3,093	3,093
Subordinated notes	4,982	4,981
Total liabilities	$ 872,031	$ 688,974
Commitments and contingencies (Note 7)
Stockholders' equity:
Preferred stock, $0.01 par value; 10,000,000 shares authorized at September 30, 2015 and December 31, 2014; 8,000 shares Series C, issued and outstanding with a $1,000 liquidation value	$ 8,000	$ 8,000
Common stock, $0.01 par value; 75,000,000 shares authorized at September 30, 2015 and December 31, 2014; 10,700,432 and 9,470,832 shares issued and outstanding at September 30, 2015 and December 31, 2014, (excluding 10,000 shares held in treasury)	107	95
Additional paid-in capital	115,579	97,469
Retained earnings	14,204	8,047
Unallocated Employee Stock Ownership Plan shares; 36,935 shares at September 30, 2015 and December 31, 2014	(406)	(401)
Accumulated other comprehensive income	94	172
Treasury stock, 10,000 shares at cost	(70)	(70)
Total stockholders' equity	137,508	113,312
Total liabilities and stockholders' equity	$ 1,009,539	$ 802,286

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Consolidated Balance Sheets
Allowance for loan losses	$ 6,214	$ 5,981
Accumulated amortization	$ 1,490	$ 1,225
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	10,000,000	10,000,000
Series C preferred stock, shares issued	8,000	8,000
Series C preferred stock, shares outstanding	8,000	8,000
Series C preferred stock, liquidation value (in dollars per share)	$ 1,000	$ 1,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	75,000,000	75,000,000
Common stock, shares issued	10,700,432	9,470,832
Common stock, shares outstanding	9,493,788	9,470,832
Unallocated Employee Stock Ownership Plan shares, shares	36,935	36,935
Treasury stock, shares	10,000	10,000

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Interest income:
Interest and fees on loans	$ 9,230	$ 7,183	$ 24,032	$ 19,901
Interest on investment securities	247	207	712	629
Interest on deposits in other banks	60	43	169	120
Interest on other	1	1	1	2
Total interest income	9,538	7,434	24,914	20,652
Interest expense:
Interest on deposit accounts	778	609	2,075	1,770
Interest on borrowings	143	123	392	374
Total interest expense	921	732	2,467	2,144
Net interest income	8,617	6,702	22,447	18,508
Provision for loan losses		420	258	1,097
Net interest income after provision for loan losses	8,617	6,282	22,189	17,411
Noninterest income:
Service charges and fees on deposit accounts	380	282	907	807
Gain on sales of investment securities			7	34
Gain on sales of loans	392	241	824	486
Gain (loss) on sales of other assets owned	21	(33)	19	4
Bank-owned life insurance	194	105	552	317
Other	56	35	188	193
Total noninterest income	1,043	630	2,497	1,841
Noninterest expense:
Salaries and employee benefits	3,001	2,755	8,247	7,593
Occupancy and equipment	894	844	2,560	2,460
Professional fees	632	296	1,536	943
Data processing	368	254	903	760
FDIC assessment fees	121	99	317	315
Marketing	227	142	595	432
Other professional fees	(5)	53	29	187
Advertising and promotions	96	74	243	221
Utilities and telephone	68	54	182	168
Other real estate owned expenses and writedowns	440	259	1,043	744
Total noninterest expense	5,842	4,830	15,655	13,823
Net income from operations	3,818	2,082	9,031	5,429
Income tax expense	1,281	723	2,814	1,913
Net income	2,537	1,359	6,217	3,516
Preferred stock dividends	20	20	60	60
Net income available to common stockholders	$ 2,517	$ 1,339	$ 6,157	$ 3,456
Basic earnings per share (in dollars per share)	$ 0.24	$ 0.21	$ 0.62	$ 0.55
Diluted earnings per share (in dollars per share)	$ 0.23	$ 0.21	$ 0.61	$ 0.54

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Consolidated Statements of Comprehensive Income
Net income	$ 2,537	$ 1,359	$ 6,217	$ 3,516
Other comprehensive (loss) income:
Unrealized (losses) gains on securities available for sale arising during the period, net	115	(112)	(111)	175
Reclassification adjustment for net gains included in net income			7	34
Other comprehensive (losses) gains before tax	115	(112)	(118)	141
Income tax (benefit) expense	39	(38)	(40)	48
Other comprehensive gains (losses) before tax	76	(74)	(78)	93
Comprehensive income	$ 2,613	$ 1,285	$ 6,139	$ 3,609

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands	Preferred Stock.	Common stockPrivate offering	Common stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Unallocated Employee Stock Ownership Plan Shares	Treasury Stock	Total
Balance at Dec. 31, 2013	$ 8,000		$ 58	$ 55,303	$ 2,922	$ 26		$ (70)	$ 66,239
Balance (in shares) at Dec. 31, 2013			5,804,703
Increase (Decrease) in Stockholders' Equity
Sale of common stock in private offering, net offering cost of $61			$ 6	5,432					5,438
Sale of common stock in private offering, net offering cost of $61 (in shares)			508,047
Preferred stock dividend Series C					(60)				(60)
Sale and finance of stock to ESOP				500			$ (500)		500
Sale and finace of stock to ESOP (in shares)			46,082
ESOP shares allocated				19			99		118
Stock based compensation				259					259
Net income					3,516				3,516
Other comprehensive income						93			93
Balance at Sep. 30, 2014	8,000		$ 64	61,513	6,378	119	(401)	(70)	75,603
Balance (in shares) at Sep. 30, 2014			6,358,832
Balance at Dec. 31, 2014	8,000		$ 95	97,469	8,047	172	(401)	(70)	$ 113,312
Balance (in shares) at Dec. 31, 2014			9,470,832						9,470,832
Increase (Decrease) in Stockholders' Equity
Restricted stock units vested, net 6,398 shares withheld to cover tax witholdings				(100)					$ (100)
Restricted stock units vested, net 6,398 shares withheld to cover tax witholdings, shares		6,398	14,386
Exercise of employee stock options				210					210
Exercise of employee stock options (in shares)			21,000
Preferred stock dividend Series C					(60)				(60)
Issuance of stock to ESOP				115			(5)		110
Issuance of stock to ESOP (in shares)			9,147
Stock based compensation				444					444
Common stock issued for acquisition of IBT Bancorp, Inc., net offering costs of $252			$ 12	17,441					17,453
Common stock issued for acquisition of IBT Bancorp, Inc., net offering costs of $252 (in shares)			1,185,067
Net income					6,217				6,217
Other comprehensive income						(78)			(78)
Balance at Sep. 30, 2015	$ 8,000		$ 107	$ 115,579	$ 14,204	$ 94	$ (406)	$ (70)	$ 137,508
Balance (in shares) at Sep. 30, 2015			10,700,432						9,493,788

Consolidated Statements of Cha7

Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)shares
IBT
Offering costs | $	$ 252
Private offering
Offering costs | $	$ 61
Common stock
Shares withheld to cover tax witholdings	14,386
Common stock | Private offering
Shares withheld to cover tax witholdings	6,398

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash flows from operating activities:
Net income	$ 6,217	$ 3,516
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	1,033	1,014
Provision for loan losses	258	1,097
Accretion of loan purchase discount	(119)	(469)
Stock based compensation expense	444	259
Net amortization of premiums on investment securities	358	319
Change in cash surrender value of bank-owned life insurance	(453)	(256)
Net gain on sales of investment securities	(7)	(34)
Gain on sales of loans held for sale	(824)	(486)
Amortization of subordinated note discount	1	1
Net gain on sales of other real estate owned	(19)	(4)
Net originations of loans held for sale	(33,153)	(30,540)
Proceeds from sales of loans held for sale	41,069	29,589
(Increase) decrease in accrued interest receivable and other assets	(665)	632
(Decrease) increase in accounts payable, accrued expenses, accrued interest payable and other liabilities	338	355
Net cash provided by operating activities	14,478	4,993
Cash flows from investing activities:
Purchases of securities available for sale	(26,725)	(10,983)
Sales of securities available for sale	6,278	981
Proceeds from maturities, calls and pay downs of investment securities	8,728	7,965
Net cash received in acquisition	11,150
Purchases of non-marketable equity securities, net	884	(401)
Net loans originated	(62,787)	(86,978)
Net additions to bank premises and equipment	(2,257)	(2,068)
Proceeds from sales of other real estate owned	124	1,477
Net cash used in investing activities	(64,605)	(90,007)
Cash flows from financing activities:
Net change in deposits	106,438	70,605
Net decrease in advances from Federal Home Loan Bank	(25,025)
Change in other borrowings	(926)
Proceeds from exercise of employee stock options	210
Dividends paid on preferred stock	(60)	(60)
Proceeds from payments on ESOP Loan		118
Proceeds from issuance of common stock, net offering cost of $61 for the year ended December 31, 2014		5,438
Offering costs paid in connection with acquisition	(252)
Net cash provided by financing activities	80,385	76,101
Net increase (decrease) in cash and cash equivalents	30,258	(8,913)
Cash and cash equivalents at beginning of year	93,251	76,646
Cash and cash equivalents at end of period	123,509	67,733
Supplemental Disclosures of Cash Flow Information:
Cash paid for interest	2,497	2,120
Cash paid for income taxes	2,900	1,955
Supplemental Disclosures of Non Cash Flow Information:
Sale and finance of stock to ESOP		500
Issuance of stock to ESOP	110
Net issuance of common stock for vesting of restricted stock units to cover withholding	100
Net foreclosure of other real estate owned	$ 493	$ 1,110

Consolidated Statements of Cas9

Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Thousands	1 Months Ended	9 Months Ended
	Jun. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Private offering
Offering costs	$ 61	$ 61	$ 61

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2015
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies	1. Summary of Significant Accou nting Policies Nature of Organization Veritex Holdings, Inc. (“Veritex” or “the Company”), a Texas corporation and bank holding company, was incorporated in July 2009 and was formed for the purpose of acquiring one or more financial institutions located in Dallas, Texas and surrounding areas. Veritex through its wholly-owned subsidiary, Veritex Community Bank (“Bank”), is a Texas state bank, with corporate offices in Dallas, Texas, and currently operates ten branches and one mortgage office located throughout the greater Dallas, Texas metropolitan area. The Bank provides a full range of banking services to individual and corporate customers, which include commercial and retail lending, and the acceptance of checking and savings deposits. The Texas Department of Banking and the Federal Reserve are the primary regulators of the Company, which undergoes periodic examinations by those regulatory authorities . Basis of Presentation The accompanying unaudited condensed consolidated financial statements include the accounts of Veritex and its wholly-owned subsidiary, the Bank. All material intercompany transactions have been eliminated in consolidation. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (U.S. GAAP), but do not include all of the information and footnotes required for complete financial statements. In management’s opinion, these interim unaudited condensed consolidated financial statements include all adjustments of a normal recurring nature necessary for a fair statement of the Company’s consolidated financial position at September 30, 2015 and December 31, 2014, consolidated results of operations for the three and nine months ended September 30, 2015 and 2014, consolidated stockholders’ equity for the nine months ended September 30, 2015 and 2014 and consolidated cash flows for the nine months ended September 30, 2015 and 2014. Accounting measurements at interim dates inherently involve greater reliance on estimates than at year end and the results for the interim periods shown in this report are not necessarily indicative of results to be expected for the full year due in part to global economic and financial market conditions, interest rates, access to sources of liquidity, market competition and interruptions of business processes. These interim unaudited condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and notes thereto for the year ended December 31, 2014 included within the Company’s Form 10-K as filed with the Securities and Exchange Commission on March 27, 2015. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. These estimates and assumptions may also affect disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. Segment Reporting: The Company has one reportable segment. The Company's chief operating decision-maker, the CEO, uses consolidated results to make operating and strategic decisions. Reclassifications: For purposes of comparability, certain prior period accounts within noninterest income and noninterest expense have been reclassified to conform with current period presentation. Such reclassifications had no impact on total noninterest income or total noninterest expense. Initial Public Offering (IPO): The Company qualifies as an “emerging growth company” as defined by the Jumpstart Our Business Startups Act (JOBS Act). During the second quarter of 2014, the Company’s Board of Directors approved a resolution to sell shares of Veritex common stock to the public in an initial public offering. On July 22, 2014, the Company submitted a confidential draft Registration Statement on Form S-1 with the SEC with respect to the shares to be registered and sold. On August 29, 2014, the Company filed a Registration Statement on Form S-1 with the SEC. That Registration Statement was declared effective by the SEC on October 8, 2014. The Company sold and issued 3,105,000 shares of common stock at $13.00 per share in reliance on that Registration Statement. Total proceeds received by the Company, net of offering costs were approximately $36,000 . In connection with the initial public offering, on September 22, 2014, the Company amended its certificate of formation to authorize the issuance of up to 75,000,000 shares of common stock, par value $0.01 per share, and 10,000,000 shares of preferred stock, par value $1.00 per share, of which 8,000 shares are designated as Series C preferred stock. The authorized but unissued shares of capital stock are available for future issuance without shareholder approval, unless otherwise required by applicable law or the rules of any applicable securities exchange. Acquisition: On July 1, 2015, the Company completed the acquisition of IBT Bancorp, Inc. (“IBT”), the parent holding company of Independent Bank of Texas (“Independent Bank”), headquartered in Irving, Texas with two banking locations in the Dallas metropolitan area. Under the terms of the definitive agreement, the Company issued approximately 1,185,067 shares of its common stock (with cash in lieu of fractional shares) and paid approximately $ 4,000 in cash for the outstanding shares of IBT common stock in connection with the closing of the acquisition. Refer to note 15 – Business Combinations for further information regarding the acquisition. Servicing Assets: Servicing assets are amortized over an estimated life using a method that is in proportion to the estimated future servicing income. In the event future prepayments exceed management’s estimates and future cash flows are inadequate to cover the servicing asset additional amortization will be recognized. The portion of servicing fees in excess of the contracted servicing fees is reflected as interest–only strips receivable, which are classified as available for sale and are carried at fair value. Earnings Per Share Earnings per share (“EPS”) are based upon the weighted ‑average shares outstanding. The table below sets forth the reconciliation between weighted average shares used for calculating basic and diluted EPS for the three and nine month period ended September 30, 2015 and 2014 : Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Earnings (numerator) Net income for common stockholders $ $ $ $ Less: preferred stock dividends Net income allocated to common stockholders $ $ $ $ Shares (denominator) Weighted average shares outstanding for basic EPS (thousands) Dilutive effect of employee stock-based awards Adjusted weighted average shares outstanding Earnings per share: Basic $ $ $ $ Diluted $ $ $ $ For the nine months ended September 30, 2015, there were no exclusions from the diluted EPS weighted average shares. For the nine months ended September 30, 2014, the Company excluded from diluted EPS weighted average shares of performance stock options representing the right to purchase 462,000 shares of the Company’s common stock because the issuance of shares related to these options was contingent upon the satisfaction of certain conditions unrelated to earnings or market value and these conditions were not expected to be met. On October 9, 2014, the Company cancelled all outstanding performance stock options, and granted 81,480 restricted stock units to 29 employees and directors. The Company accounted for cancellation of the equity awards and replacement as a modification of the original awards. For the three months ended September 30, 2015, there were no exclusions from the diluted EPS weighted average shares. For the three months ended September 30, 2014, the Company excluded from diluted EPS weighted average shares of performance stock options representing the right to purchase 468,000 shares of the Company’s common stock, because the issuance of shares related to these options was contingent upon the satisfaction of certain conditions unrelated to earnings or market value and these conditions were not expected to be met.

Statement of Cash Flows

Statement of Cash Flows	9 Months Ended
	Sep. 30, 2015
Supplemental Cash Flow Elements [Abstract]
Statement of Cash Flows	2. Statement of Cash Flows Supplemental schedule of noncash investing activities from the IBT acquisition is as follows: Nine Months Ended September 30, 2015 2014 Noncash assets acquired Securities available for sale — Loans — Bank premises, furniture and equipment — Securities available for sale — Bank-owned life insurance — Accrued interest receivable — Servicing assets Goodwill — Core deposit intangibles — Other assets — Total assets $ $ — Noncash liabilities assumed: Deposits $ $ — FHLB advances — Other borrowings — Other liabilities — Total liabilities $ $ — 1,185,067 shares of common stock exchanged in connection with acquisition $ $ —

Common Stock and Preferred Stoc

Common Stock and Preferred Stock	9 Months Ended
	Sep. 30, 2015
Common Stock and Preferred Stock
Common Stock and Preferred Stock	3. Comm on Stock and Preferred Stock During January 2014, the Company engaged in a private offering of up to 500,000 shares of its common stock, par value $0.01 per share, at a price of $10.85 per share. As of June 30, 2014, the offering was completed and closed. The Company issued 490,773 shares in the offering generating total proceeds of approximately $5,326 and had offering costs of approximately $6 1 . In addition, during January 2014, the Company issued 17,274 shares of common stock to an existing principal shareholder at $10 per share generating total proceeds of approximately $173 .

Investment Securities

Investment Securities	9 Months Ended
	Sep. 30, 2015
Investment Securities
Investment Securities	4. Investment Securities Debt and equity securities have been classified in the condensed consolidated balance sheets according to management’s intent. The carrying amount of securities and their approximate fair values are as follows: September 30, 2015 Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value Available for Sale U.S. government agencies $ $ $ $ Municipal securities Mortgage-backed securities Collateralized mortgage obligations Asset-backed securities — $ $ $ $ December 31, 2014 Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value Available for Sale U.S. government agencies $ $ — $ $ Corporate bonds — — Municipal securities — Mortgage-backed securities Collateralized mortgage obligations Asset-backed securities — $ $ $ $ The following tables disclose the Company’s investment securities that have been in a continuous unrealized loss position for less than 12 months and those that have been in a continuous unrealized loss position for 12 or more months: September 30, 2015 Less Than 12 Months 12 Months or More Totals Fair Unrealized Fair Unrealized Fair Unrealized Value Loss Value Loss Value Loss Available for Sale U.S. government agencies $ — $ — $ $ $ $ Municipal securities — — Mortgage-backed securities Collateralized mortgage obligations $ $ $ $ $ $ December 31, 2014 Less Than 12 Months 12 Months or More Totals Fair Unrealized Fair Unrealized Fair Unrealized Value Loss Value Loss Value Loss Available for Sale U.S. government agencies $ — $ — $ $ $ $ Mortgage-backed securities Collateralized mortgage obligations $ $ $ $ $ $ The number of investment positions in an unrealized loss position totaled 3 7 at September 30, 2015. The Company does not believe these unrealized losses are “other than temporary” as (i) the Company does not have the intent to sell investment securities prior to recovery and (ii) it is more likely than not that the Company will not have to sell these securities prior to recovery. The unrealized losses noted are interest rate related due to the level of interest rates at September 30, 2015. The Company has reviewed the ratings of the issuers and has not identified any issues related to the ultimate repayment of principal as a result of credit concerns on these securities. The amortized costs and estimated fair values of securities available for sale, by contractual maturity, as of the dates indicated, are shown in the table below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayments penalties. Mortgage-backed securities, collateralized mortgage obligations, and asset ‑backed securities typically are issued with stated principal amounts, and the securities are backed by pools of mortgage loans and other loans that have varying maturities. The term of mortgage ‑backed, collateralized mortgage obligations and asset ‑backed securities thus approximates the term of the underlying mortgages and loans and can vary significantly due to prepayments. Therefore, these securities are not included in the maturity categories below . September 30, 2015 Available For Sale Amortized Fair Cost Value Due in one year or less $ $ Due from one year to five years Due from five years to ten years Due after ten years Mortgage-backed securities Collateralized mortgage obligations Asset-backed securities $ $ December 31, 2014 Available For Sale Amortized Fair Cost Value Due in one year or less $ $ Due from one year to five years Due from five years to ten years Due after ten years — — Mortgage-backed securities Collateralized mortgage obligations Asset-backed securities $ $ Proceeds from sales of investment securities available for sale and gross gains and losses for the nine months ended September 30, 2015 and 2014 were as follows: Nine Months Ended September 30, Nine Months Ended September 30, 2015 2014 Proceeds from sales $ $ Gross realized gains There was a blanket floating lien on all securities to secure Federal Home Loan Bank advances as of September 30, 2015 and December 31, 2014

Loans and Allowance for Loan Lo

Loans and Allowance for Loan Losses	9 Months Ended
	Sep. 30, 2015
Loans and Allowance for Loan Losses
Loans and Allowance for Loan Losses	5. Loans and Allowance for Loan Losses Loans in the accompanying consolidated balance sheets are summarized as follows: September 30, December 31, 2015 2014 Real estate: Construction and land $ $ Farmland 1 - 4 family residential Multi-family residential Nonfarm nonresidential Commercial Consumer Deferred loan fees Allowance for loan losses $ $ Included in the net loan portfolio as of September 30, 2015 and December 31, 2014 is an accretable discount related to loans acquired within a business combination in the approximate amounts of $1,065 and $185 , respectively. The discount is being accreted into income using the interest method over the life of the loans. The majority of the loan portfolio is comprised of loans to businesses and individuals in the Dallas metropolitan area. This geographic concentration subjects the loan portfolio to the general economic conditions within this area. The risks created by this concentration have been considered by management in the determination of the adequacy of the allowance for loan losses. Management believes the allowance for loan losses was adequate to cover estimated losses on loans as of September 30, 2015 and December 31, 2014. Non ‑Accrual and Past Due Loans Loans are considered past due if the required principal and interest payments have not been received as of the date such payments were due. Loans are placed on non ‑accrual status when, in management’s opinion, the borrower may be unable to meet payment obligations as they become due, as well as when required by regulatory provisions. Loans may be placed on non ‑accrual status regardless of whether or not such loans are considered past due. When the accrual of interest is discontinued, all unpaid accrued interest is reversed. Interest income is subsequently recognized only to the extent cash payments are received in excess of principal due. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Non ‑accrual loans, excluding purchased credit impaired loans, aggregated by class of loans are as follows : September 30, December 31, 2015 2014 Real estate: Construction and land $ — $ — Farmland — — 1 - 4 family residential — — Multi-family residential — — Nonfarm nonresidential — Commercial Consumer $ $ During the nine months ended September 30, 2015 and 2014, interest income not recognized on non ‑accrual loans was minimal. An aging analysis of past due loans, aggregated by class of loans, as of September 30, 2015 and December 31, 2014 is as follows : September 30, 2015 Total 90 Days Past Due 30 to 59 60 to 89 90 Days Total Total Total and Still Days Days or Greater Past Due Current Loans Accruing Real estate: Construction and land $ — $ — $ — $ — $ $ $ — Farmland — — — — — 1 - 4 family residential — — Multi-family residential — — — — — Nonfarm nonresidential — — — — — Commercial — — Consumer — — — $ $ $ — $ $ $ $ — December 31, 2014 Total 90 Days Past Due 30 to 59 60 to 89 90 Days Total Total Total and Still Days Days or Greater Past Due Current Loans Accruing Real estate: Construction and land $ $ — $ $ $ $ $ — Farmland — — — — — 1 - 4 family residential — — — Multi-family residential — — — — — Nonfarm nonresidential — — — Commercial — — Consumer — — — $ $ $ $ $ $ $ — Impaired Loans Impaired loans are those loans where it is probable the Company will be unable to collect all amounts due in accordance with the original contractual terms of the loan agreement, including scheduled principal and interest payments. All troubled debt restructurings (“TDRs”) are considered impaired loans. Impaired loans are measured based on either the present value of expected future cash flows discounted at the loan’s effective interest rate; the loan’s observable market price; or the fair value of the collateral if the loan is collateral dependent. Substantially all of the Company’s impaired loans are measured at the fair value of the collateral. Impaired loans, or portions thereof, are charged off when deemed uncollectible. Impaired loans, including purchased credit impaired loans and TDRs , at September 30, 2015 and December 31, 2014 are summarized in the following tables . September 30, 2015 Unpaid Recorded Recorded Average Contractual Investment Investment Total Recorded Principal with No With Recorded Related Investment Balance Allowance Allowance Investment Allowance YTD Real estate: Construction and land $ — $ — $ — $ — $ — $ Farmland — — — — — — 1 - 4 family residential — — Multi-family residential — — — — — — Nonfarm nonresidential — — Commercial Consumer Total $ $ $ $ $ $ December 31, 2014 Unpaid Recorded Recorded Average Contractual Investment Investment Total Recorded Principal with No With Recorded Related Investment Balance Allowance Allowance Investment Allowance YTD Real estate: Construction and land $ $ — $ $ $ $ Farmland — — — — — — 1 - 4 family residential — — Multi-family residential — — — — — — Nonfarm nonresidential — — Commercial Consumer Total $ $ $ $ $ $ Interest payments on impaired loans are typically applied to principal unless collectability of the principal amount is reasonably assured, in which case interest is recognized on a cash basis. During the nine months ended September 30, 2015 and 2014, total interest income and cash ‑based interest income recognized on impaired loans was minimal. Troubled Debt Restructuring Modifications of terms for the Company’s loans and their inclusion as TDRs are based on individual facts and circumstances. Loan modifications that are included as TDRs may involve a reduction of the stated interest rate of the loan, an extension of the maturity date at a stated rate of interest lower than the current market rate for new debt with similar risk, or deferral of principal payments, regardless of the period of the modification. The recorded investment in TDRs was $1, 741 and $1,677 as of September 30, 2015 and December 31, 2014, respectively . During the nine months ended September 30, 2015, the terms of certain loans were modified as troubled debt restructurings as follows: During the nine months ended September 30, 2015 Post-Modification Outstanding Recorded Investment Extended Pre- Extended Maturity, Modification Maturity Restructured Outstanding Adjusted and Payments and Number Recorded Interest Extended Restructured Adjusted of Loans Investment Rate Maturity Payments Interest Rate Real estate loans: Construction and land — $ — $ — $ — $ — $ — Farmland — — — — — — 1 - 4 family residential — — — — — — Multi-family residential — — — — — — Nonfarm nonresidential — — — Commercial — — — Consumer — — — — — — Total $ $ — $ — $ $ Of the two loans restructured during the nine months, ended September 30, 2015 both loans were performing as agreed to the modified terms. A specific allowance of $100 for loan losses was recorded on one loan modified during the nine months ended September 30, 2015. There were no loans modified as a TDR loan within the previous 12 months and for which there was a payment default during the nine months ended September 30, 2015. A default for purposes of this disclosure is a TDR loan in which the borrower is 90 days past due or results in the foreclosure and repossession of the applicable collateral. During the nine months ended September 30, 2014, the terms of certain loans that were not significant were modified as TDRs . Interest income recorded during the three months ended September 30, 2015 and 2014 on the restructured loans and interest income that would have been recorded had the terms of the loan not been modified was minimal. The Company has not committed to lend additional amounts to customers with outstanding loans that were classified as TDRs as of September 30, 2015 or 2014. Credit Quality Indicators From a credit risk standpoint, the Company classifies its loans in the following categories: (i) pass, (ii) special mention, (iii) substandard or (iv) doubtful. Loans classified as loss are charged ‑off. The classifications of loans reflect a judgment about the risks of default and loss associated with the loan. The Company reviews the ratings on criticized credits monthly. Ratings are adjusted to reflect the degree of risk and loss that is felt to be inherent in each credit as of each monthly reporting period. All classified credits are evaluated for impairment. If impairment is determined to exist, a specific reserve is established. The Company’s methodology is structured so that specific reserves are increased in accordance with deterioration in credit quality (and a corresponding increase in risk and loss) or decreased in accordance with improvement in credit quality (and a corresponding decrease in risk and loss). Credits rated special mention show clear signs of financial weaknesses or deterioration in credit worthiness, however, such concerns are not so pronounced that the Company generally expects to experience significant loss within the short ‑term. Such credits typically maintain the ability to perform within standard credit terms and credit exposure is not as prominent as credits rated more harshly. Credits rated substandard are those in which the normal repayment of principal and interest may be, or has been, jeopardized by reason of adverse trends or developments of a financial, managerial, economic or political nature, or important weaknesses which exist in collateral. A protracted workout on these credits is a distinct possibility. Prompt corrective action is therefore required to strengthen the Company’s position, and/or to reduce exposure and to assure that adequate remedial measures are taken by the borrower. Credit exposure becomes more likely in such credits and a serious evaluation of the secondary support to the credit is performed. Credits rated doubtful are those in which full collection of principal appears highly questionable, and which some degree of loss is anticipated, even though the ultimate amount of loss may not yet be certain and/or other factors exist which could affect collection of debt. Based upon available information, positive action by the Company is required to avert or minimize loss. Credits rated doubtful are generally also placed on non ‑accrual. As of September 30, 2015 and December 31, 2014, the following summarizes the Company’s internal ratings of its loans, including purchased credit impaired loans : September 30, 2015 Special Pass Mention Substandard Doubtful Total Real estate: Construction and land $ $ — $ — $ — $ Farmland — — — 1 - 4 family residential — — Multi-family residential — — — Nonfarm nonresidential — — Commercial Consumer — — Total $ $ $ $ $ December 31, 2014 Special Pass Mention Substandard Doubtful Total Real estate: Construction and land $ $ — $ $ — $ Farmland — — — 1 - 4 family residential — — Multi-family residential — — — Nonfarm nonresidential — — Commercial — Consumer — — Total $ $ $ $ — $ An analysis of the allowance for loan losses for the nine months ended September 30, 2015 and 2014 and year ended December 31, 2014 is as follows : For the For the For the Nine Months Ended Year Ended Nine Months Ended September 30, 2015 December 31, 2014 September 30, 2014 Balance at beginning of year $ $ $ Provision charged to earnings Charge-offs Recoveries Net charge-offs Balance at end of year $ $ $ The allowance for loan losses as a percentage of total loans is 0.82% , 0 .99% , and 1.01% as of September 30, 2015, December 31, 2014 and September 30, 2014, respectively. The following tables summarize the activity in the allowance for loan losses by portfolio segment for the nine months ended September 30, 2015 and 2014 and the year ended December 31, 2014 : September 30, 2015 Real Estate Construction, Nonfarm Land and Non- Farmland Residential Residential Commercial Consumer Total Balance at beginning of year $ $ $ $ $ $ Provision (recapture) charged to earnings Charge-offs — — Recoveries — — Net charge-offs (recoveries) — Balance at end of year $ $ $ $ $ $ Period-end amount allocated to: Specific reserves: Impaired loans $ — $ — $ — $ $ $ Total specific reserves — — — General reserves Total $ $ $ $ $ $ December 31, 2014 Real Estate Construction, Nonfarm Land and Non- Farmland Residential Residential Commercial Consumer Total Balance at beginning of year $ $ $ $ $ $ Provision (recapture) charged to earnings Charge-offs — Recoveries — — Net charge-offs (recoveries) Balance at end of year $ $ $ $ $ $ Period-end amount allocated to: Specific reserves: Impaired loans $ $ — $ — $ $ $ Total specific reserves — — General reserves Total $ $ $ $ $ $ September 30, 2014 Real Estate Construction Nonfarm Land and Non- Farmland Residential Residential Commercial Consumer Total Balance at beginning of year $ $ $ $ $ $ Provision (recapture) charged to earnings Charge-offs — Recoveries — — Net charge-offs (recoveries) Balance at end of year $ $ $ $ $ $ Period-end amount allocated to: Specific reserves: Impaired loans $ $ — $ — $ $ $ Total specific reserves — — General reserves Total $ $ $ $ $ $ The Company’s recorded investment in loans as of September 30, 2015 and December 31, 2014 related to the balance in the allowance for loan losses on the basis of the Company’s impairment methodology is as follows : September 30, 2015 Real Estate Construction Nonfarm Land and Non- Farmland Residential Residential Commercial Consumer Total Loans individually evaluated for impairment $ — $ $ $ $ $ Loans collectively evaluated for impairment Total $ $ $ $ $ $ December 31, 2014 Real Estate Construction Nonfarm Land and Non- Farmland Residential Residential Commercial Consumer Total Loans individually evaluated for impairment $ $ $ $ $ $ Loans collectively evaluated for impairment Total $ $ $ $ $ $ The Company has acquired certain loans which experienced credit deterioration since origination (purchased credit impaired “PCI” loans). Accretion on PCI loans is based on estimated future cash flows, regardless of contractual maturity. Servicing Assets At September 30, 2015, the Company was servicing loans acquired in the IBT acquisition of approximately $15 ,000 . A summary of the changes in the related servicing assets are as follows: Nine Months Ended September 30, 2015 2014 Balance at beginning of year $ — $ — Servicing asset acquired through acquisition Increase from loan sales — Amortization charged to income — Increase in valuation allowance — — Balance at end of period $ $ — The estimated fair value of the servicing assets approximated the carrying amount at September 30, 2015. No servicing assets were held by the bank prior to the IBT acquisition. Fair value is estimated by discounting estimated future cash flows from the servicing assets using discount rates that approximate current market rates over the expected lives of the loans being serviced. A valuation allowance is recorded when the fair value is below the carrying amount of the asset. At September 30, 2015, there was no valuation allowance recorded The Company may also receive a portion of subsequent interest collections on loans sold that exceed the contractual servicing fee. In that case, the Company records an interest-only strip based on the relative fair market value of it and the other components of the loans. There was no interest-only strip receivable recorded at September 30, 2015.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2015
Income Taxes
Income Taxes	6. Income Taxes The Company’s estimated annual effective tax rate, before reporting the net impact of discrete items, was approximately 33.2% and 35.2% for the nine months ended September 30, 2015 and 2014. For the nine months ended September 30, 2015, the effective tax rate is below the statutory rate, primarily because of tax-exempt income generated from bank owned life insurance and reduction in other non-deductible expenses. The Company’s reported effective tax rates after including the net impact of discrete items for the nine months ended September 30, 2015 and 2014 of 31.2% and 35.2% , respectively, in the accompanying condensed consolidated statements of income. The Company’s provision for income taxes for the nine months ended September 30, 2015, was impacted by a net discrete tax benefit of $186 associated primarily with the recognition of deferred tax assets related to non-qualified stock options. There were no discrete items for the nine months ended September 30, 2014 that affected the Company’s provision for income taxes. Deferred income taxes reflect the net tax effects of temporary differences between the recorded amounts of assets and liabilities for financial reporting purposes, and the amounts used for income tax purposes. Included in the accompanying consolidated balance sheets as of September 30, 2015 is a current tax payable of approximately $194 in accrued interest payable and other liabilities and a net deferred tax asset of approximately $ 2,022 in other assets. Included in the accompanying consolidated balance sheets in as of December 31, 2014 is a current tax liability of $89 in accrued interest payable and other liabilities and a net deferred tax asset of $1,385 in other assets.

Commitment and Contingencies

Commitment and Contingencies	9 Months Ended
	Sep. 30, 2015
Commitments and Contingencies
Commitments and Contingencies	7. Commitments and Contingencies Litigation The Company may from time to time be involved in legal actions arising from normal business activities. Management believes that these actions are without merit or that the ultimate liability, if any, resulting from them will not materially affect the financial position or results of operations of the Company. Operating Leases The Company leases several of its banking facilities under operating leases. Rental expense related to these leases was approximately $ 1,060 and $1,105 for the nine months ended September 30, 2015 and 2014, respectively.

Fair Value Disclosures

Fair Value Disclosures	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures
Fair Value Disclosures	8. Fair Value Disclosures The authoritative guidance for fair value measurements defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. A fair value measurement assumes that the transaction to sell the asset or transfer the liability occurs in the principal market for the asset or liability or, in the absence of a principal market, the most advantageous market for the asset or liability. The price in the principal (or most advantageous) market used to measure the fair value of the asset or liability shall not be adjusted for transaction costs. An orderly transaction is a transaction that assumes exposure to the market for a period prior to the measurement date to allow for marketing activities that are usual and customary for transactions involving such assets and liabilities; it is not a forced transaction. Market participants are buyers and sellers in the principal market that are (i) independent, (ii) knowledgeable, (iii) able to transact and (iv) willing to transact. The authoritative guidance requires the use of valuation techniques that are consistent with the market approach, the income approach and/or the cost approach. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets and liabilities. The income approach uses valuation techniques to convert future amounts, such as cash flows or earnings, to a single present amount on a discounted basis. The cost approach is based on the amount that currently would be required to replace the service capacity of an asset (replacement costs). Valuation techniques should be consistently applied. Inputs to valuation techniques refer to the assumptions that market participants would use in pricing the asset or liability. Inputs may be observable, meaning those that reflect the assumptions market participants would use in pricing the asset or liability developed based on market data obtained from independent sources, or unobservable, meaning those that reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. In that regard, the authoritative guidance establishes a fair value hierarchy for valuation inputs that gives the highest priority to quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The fair value hierarchy is as follows: Level 1 Inputs. Unadjusted quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. Level 2 Inputs. Inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (for example, interest rates, volatilities, prepayment speeds, loss severities, credit risks and default rates) or inputs that are derived principally from or corroborated by observable market data by correlation or other means. Level 2 investments consist primarily of obligations of U.S. government sponsored enterprises and agencies, obligations of state and municipal subdivisions, corporate bo nds, mortgage ‑backed securities, collateralized mortgage obligations, and asset-backed securities. Level 3 Inputs. Significant unobservable inputs that reflect an entity’s own assumptions that market participants would use in pricing the assets or liabilities. In general, fair value is based upon quoted market prices, where available. If such quoted market prices are not available, fair value is based upon internally developed models that primarily use, as inputs, observable market ‑based parameters. Valuation adjustments may be made to ensure that financial instruments are recorded at fair value. While management believes the Company’s valuation methodologies are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value at the reporting date. A description of the valuation methodologies used for instruments measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy, is set forth below. Assets and liabilities measured at fair value on a recurring basis include the following: Investment Securities Available For Sale: Securities classified as available for sale are reported at fair value utilizing Level 2 inputs. For those securities classified as Level 2, the Company obtains fair value measurements from an independent pricing service. The fair value measurements consider observable data that may include dealer quotes, market spreads, cash flows, the U. S. Treasury yield curve, live trading levels, trade execution data, market consensus prepayments speeds, credit information and the bond’s terms and conditions, among other things. The following table summarizes assets measured at fair value on a recurring basis as of September 30, 2015 and December 31, 2014, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value : Fair Value Measurements Using Level 1 Level 2 Level 3 Total Inputs Inputs Inputs Fair Value As of September 30, 2015 Investment securities available for sale $ — $ $ — $ As of December 31, 2014 Investment securities available for sale $ — $ $ — $ There were no liabilities measured at fair value on a recurring basis as of September 30, 2015 and December 31, 2014. There were no transfers between Level 2 and Level 3 during the nine months ended September 30, 2015 and 2014. Certain assets and liabilities are measured at fair value on a non recurring basis; that is, the instruments are not measured at fair value on an ongoing basis but are subject to fair value adjustments in certain circumstances (for example, when there is evidence of impairment). Assets measured at fair value on a non ‑recurring basis include impaired loans and other real estate owned. The fair value of impaired loans with specific allocations of the allowance for loan losses and other real estate owned is based upon recent real estate appraisals less estimated costs of sale. For residential real estate impaired loans and other real estate owned, appraised values are based on the comparative sales approach. For commercial and commercial real estate impaired loans and other real estate owned, appraisers may use either a single valuation approach or a combination of approaches such as comparative sales, cost or the income approach. A significant unobservable input in the income approach is the estimated income capitalization rate for a given piece of collateral. Adjustments to appraisals may be made to reflect local market conditions or other economic factors and may result in changes in the fair value of a given asset over time. As such, the fair value of impaired loans and other real estate owned are considered a Level 3 in the fair value hierarchy. The Company recovers the carrying value of other real estate owned through the sale of the property. The ability to affect future sales prices is subject to market conditions and factors beyond the Company’s control and may impact the estimated fair value of a property. Appraisals for impaired loans and other real estate owned are performed by certified general appraisers whose qualifications and licenses have been reviewed and verified by the Company. Once reviewed, a member of the credit department reviews the assumptions and approaches utilized in the appraisal as well as the overall resulting fair value in comparison to independent data sources such as recent market data or industry wide ‑statistics. On a periodic basis, the Company compares the actual selling price of collateral that has been sold to the most recent appraised value to determine what additional adjustments, if any, should be made to the appraisal value to arrive at fair value. The following table summarizes assets measured at fair value on a non ‑ recurring basis as of September 30, 2015 and December 31, 2014, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value: Fair Value Measurements Using Level 1 Level 2 Level 3 Total Inputs Inputs Inputs Fair Value As of September 30, 2015 Assets: Impaired loans $ — $ — $ $ Other real estate owned $ — $ — $ $ As of December 31, 2014 Assets: Impaired loans $ — $ — $ $ Other real estate owned $ — $ — $ $ At September 30, 2015, impaired loans had a carrying value of $2,1 16 , with $1 33 specific allowance for loan loss allocated. At December 31, 2014, impaired loans had a carrying value of $2,056 , with $87 specific allowance for loan loss allocated. There were no liabilities measured at fair value on a non ‑recurring basis as of September 30, 2015 and December 31, 2014. For Level 3 financial assets measured at fair value as of September 30, 2015 and December 31, 2014, the significant unobservable inputs used in the fair value measurements were as follows : September 30, 2015 Valuation Unobservable Weighted Assets/Liabilities Fair Value Technique Input(s) Average Impaired loans $ Collateral Method Adjustments for selling costs % Other real estate owned $ Collateral Method Adjustments for selling costs % December 31, 2014 Valuation Unobservable Weighted Assets/Liabilities Fair Value Technique Input(s) Average Impaired loans $ Collateral Method Adjustments for selling costs % Other real estate owned $ Collateral Method Adjustments for selling costs % Fair Value of Financial Instruments The Company is required under current authoritative guidance to disclose the estimated fair value of its financial instrument assets and liabilities including those subject to the requirements discussed above. For the Company, as for most financial institutions, substantially all of its assets and liabilities are considered financial instruments, as defined. Many of the Company’s financial instruments, however, lack an available trading market as characterized by a willing buyer and willing seller engaging in an exchange transaction. The estimated fair value amounts of financial instruments have been determined by the Company using available market information and appropriate valuation methodologies. However, considerable judgment is required to interpret data to develop an estimate of fair value. Accordingly, the estimates presented herein are not necessarily indicative of the amounts the Company could realize in a current market exchange. The use of different market assumptions and/or valuation methodologies may have a material effect on the estimated fair value amounts. In addition, reasonable comparability between financial institutions may not be likely due to the wide range of permitted valuation techniques and numerous estimates that must be made given the absence of active secondary markets for many of the financial instruments. This lack of uniform valuation methodologies also introduces a greater degree of subjectivity to these estimated fair values. The methods and assumptions used by the Company in estimating fair values of financial instruments as disclosed herein in accordance with ASC Topic 825, Financial Instruments, other than for those measured at fair value on a recurring and nonrecurring basis discussed above, are as follows: Cash and cash equivalents: The carrying amounts of cash and cash equivalents approximate their fair value. Loans and loans held for sale: For variable ‑rate loans that reprice frequently and have no significant changes in credit risk, fair values are based on carrying values. Fair values for certain mortgage loans (for example, one ‑to ‑four family residential), commercial real estate and commercial loans are estimated using discounted cash flow analyses, using interest rates currently being offered for loans with similar terms to borrowers of similar credit quality. Servicing asse ts : The estimated fair value of the servicing assets approximated the carrying amount at September 30, 2015. Fair value is estimated by discounting estimated future cash flows from the servicing assets using discount rates that approximate current market rates over the expected lives of the loans being serviced. A valuation allowance is recorded when the fair value is below the carrying amount of the asset. At September 30, 2015 no valuation allowance was recorded. Bank ‑owned life insurance: The carrying amounts of bank ‑owned life insurance approximate their fair value. Non ‑marketable equity securities: The carrying value of restricted securities such as stock in the Federal Home Loan Bank of Dallas and Independent Bankers Financial Corporation approximates fair value. Deposits: The fair values disclosed for demand deposits are, by definition, equal to the amount payable on demand at the reporting date (that is their carrying amounts). The carrying amounts of variable ‑rate certificates of deposit ( “ CD ” s) approximate their fair values at the reporting date. Fair values for fixed ‑rate CDs 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 on time deposits. Advances from Federal Home Loan Bank: The fair value of advances maturing within 90 days approximates carrying value. Fair value of other advances is based on the Company’s current borrowing rate for similar arrangements. Junior subordinated debentures and subordinated notes: The fair values are based upon prevailing rates on similar debt in the market place. Accrued interest: The carrying amounts of accrued interest approximate their fair values due to short term maturity. Off ‑balance sheet instruments: Commitments to extend credit and standby letters of credit are generally priced at market at the time of funding and were not material to the Company’s condensed consolidated financial statements. The estimated fair values and carrying values of all financial instruments under current authoritative guidance as of September 30, 2015 and December 31, 201 4 were as follows : September 30, December 31, 2015 2014 Carrying Fair Carrying Fair Amount Value Amount Value Financial assets: Level 2 inputs: Cash and cash equivalents $ $ $ $ Securities available for sale Loans held for sale Accrued interest receivable Bank-owned life insurance Servicing asset — — Non-marketable equity securities Level 3 inputs: Loans, net Financial liabilities: Level 2 inputs: Deposits $ $ $ $ Advances from FHLB Accrued interest payable Junior subordinated debentures Subordinated notes

Financial Instruments with Off-

Financial Instruments with Off-Balance Sheet Risk	9 Months Ended
	Sep. 30, 2015
Financial Instruments with Off-Balance Sheet Risk Disclosure [Abstract]
Financial Instruments with Off-Balance Sheet Risk	9. Financial Instruments with Off ‑Balance Sheet Risk The Company is a party to financial instruments with off ‑balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit. Those instruments involve, to varying degrees, elements of credit risk in excess of the amount recognized in the condensed consolidated balance sheets. The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit and standby letters of credit is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments and conditional obligations as it does for on balance sheet instruments. The following table sets forth the approximate amounts of these financial instruments as of September 30, 2015 and December 31, 2014: September 30, December 31, 2015 2014 Commitments to extend credit $ $ Standby and commercial letters of credit $ $ Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments may expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. Management evaluates each customer’s creditworthiness on a case ‑by ‑case basis. The amount of collateral obtained, if deemed necessary upon extension of credit, is based on management’s credit evaluation of the borrower. Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third party. Standby letters of credit generally have fixed expiration dates or other termination clauses and may require payment of a fee. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. The Company’s policy for obtaining collateral and the nature of such collateral is essentially the same as that involved in making commitments to extend credit. Although the maximum exposure to loss is the amount of such commitments, management currently anticipates no material losses from such activities.

Employee Benefits

Employee Benefits	9 Months Ended
	Sep. 30, 2015
Employee Benefits
Employee Benefits	10. Employee Benefits Defined contribution plan The Company maintains a retirement savings 401(k) profit sharing plan ( “ Plan ” ) in which substantially all employees may participate. The Plan provides for “before tax” employee contributions through salary reductions under section 401(k) of the Internal Revenue Code. The Company may make a discretionary match of employees’ contributions based on a percentage of salary deferrals and certain discretionary profit sharing contribution s. No matching contributions to the Plan were made for the nine months ending September 30, 2015 and 2014. ESOP Effective January 1, 2012, the Company adopted the Veritex Community Bank Employee Stock Ownership Plan ( “ ESOP ” ) covering all employees that meet certain age and service requirements. Plan assets are held and managed by the Company. Shares of the Company’s common stock purchased by the ESOP are held in a suspense account until released for allocation to participants. Shares released are allocated to each eligible participant based on the participant’s 401(k) contribution made during that year. Compensation expense is measured based upon the expected amount of the Company’s discretionary contribution that is determined on an annual basis and is accrued ratably over the year. Shares are committed to be released to settle the liability upon formal declaration of the contribution at the end of the year. The number of shares released to settle the liability is based upon fair value of the shares and become outstanding shares for earnings per share computations. The cost of shares issued to the ESOP, but not yet committed to be released, is shown as a reduction of stockholders’ equity. To the extent that the fair value of the ESOP shares differs from the cost of such shares, the difference is charged or credited to stockholders’ equity as additional paid in capital . In January 2014, the ESOP borrowed $500 from the Company and purchased 46,082 shares of the common stock of the Company. The ESOP debt is secured by shares of the Company. The loan will be repaid from contributions to the ESOP from the Company. As the debt is repaid, shares are released from collateral and allocated to employees’ accounts. The shares pledged as collateral are reported as unearned ESOP shares in the condensed consolidated balance sheets. The Company issued 9,147 shares to the ESOP in June of 2015 to settle in full the 401(k) matching liability that was accrued prior to the origination of the $500 loan to the ESOP in January 2014. Compensation expense attributed to the ESOP contributions recorded in the accompanying condensed consolidated statements of income for both the nine months ended September 30, 2015 and 2014 was approximately $ 135 . The following is a summary of ESOP shares as of September 30, 2015 and December 31, 2014. September 30, December 31, 2015 2014 Allocated shares Unearned shares Total ESOP shares Fair value of unearned shares $ $

Stock and Incentive Plans

Stock and Incentive Plans	9 Months Ended
	Sep. 30, 2015
Stock and Incentive Plans
Stock and Incentive Plans	11. Stock and Incentive Plans 2010 Stock Option and Equity Incentive Plan In 2010, the Company adopted the 2010 Stock Option and Equity Incentive Plan (the “2010 Incentive Plan ” ), which the Company’s shareholders approved in 2011. The maximum number of shares of common stock that may be issued pursuant to grants or options under the 2010 Incentive Plan is 1,000,000 . The 2010 Incentive Plan is administered by the Board of Directors and provides for both the direct award of stock and the grant of stock options to eligible directors, officers, employees and outside consultants of the Company or its affiliates as defined in the 2010 Incentive Plan. The Company may grant either incentive stock options or nonqualified stock options as directed in the 2010 Incentive Plan. The Board authorized that the 2010 Incentive Plan provide for the award of 100,000 shares of direct stock awards (restricted shares) and 900,000 shares of stock options, of which 500,000 shares are performance ‑based stock options. Options are generally granted with an exercise price equal to the market price of the Company’s stock at the date of the grant; those option awards generally vest based on 5 years of continuous service and have 10 ‑year contractual terms for non ‑controlling participants as defined by the 2010 Incentive Plan, and forfeiture of unexercised options upon termination of employment with the Company. Other grant terms can vary for controlling participants as defined by the 2010 Incentive Plan. Restricted share awards generally vest after 4 years of continuous service. The terms of the Incentive Plan include a provision whereby all unearned non ‑performance options and restricted shares become immediately exercisable and fully vested upon a change in control. The vesting of a performance ‑based stock option is contingent upon a change of control and the achievement of specific performance criteria or other objectives set at the grant date. With the adoption of the 2014 Omnibus Plan, which is discussed below, the Company does not plan to award any additional grants or options under the 2010 Incentive Plan. During the nine months ended September 30, 2015, the Company did not award any restricted stock units, non-performance ‑based stock options or performance ‑based stock options under the 2010 Incentive Plan. During the nine months ended September 30, 2014, the Company awarded 3 0,000 non-performance ‑based stock options and 50,000 performance ‑based stock options. During the nine months ended September 30, 2014, the Company awarded 28,500 restricted stock units. Stock based compensation expense is measured based upon the fair market value of the award at the grant date and is recognized ratably over the period during which the shares are earned (the requisite service period). For the nine months ended September 30, 2015 and 2014, approximately $163 and $ 259 of stock compensation expense related to the 2010 Incentive Plan, respectively, was recognized in the accompanying condensed consolidated statements of income. The fair value of each option award is estimated on the grant date using the Black ‑Scholes option ‑pricing model with the following assumptions used for the grants : For the Nine Months Ended September 30, 2015 2014 Dividend yield — 0.00% Expected life — 10 years Expected volatility — 5.60% Risk-free interest rate — 2.54% to 2.71% The expected life is based on the expected amount of time that options granted are expected to be outstanding. The dividend yield assumption is based on the Company’s history. The expected volatility is based on historical volatility of the Company. The risk ‑free interest rates are based upon yields of U.S. Treasury issues with a term equal to the expected life of the option being valued. A summary of option activity under the 2010 Incentive Plan for the nine months ended September 30, 2015 and 2014, and changes during the years then ended is presented below: 2015 Nonperformance-based stock options Performance-based stock options Weighted Weighted Weighted Shares Weighted Average Shares Average Average Underlying Exercise Contractual Underlying Exercise Contractual Options Price Term Options Price Term Outstanding at beginning of year $ 6.58 years — $ — — Granted during the period — — — — Forfeited during the period — — Cancelled during the period — — — — Exercised during the period — — Outstanding at the end of period $ 5.81 years — $ — — Options exercisable at end of period $ 5.65 years — $ — — Weighted average fair value of options granted during the period $ — $ — 2014 Nonperformance-based stock options Performance-based stock options Weighted Weighted Weighted Shares Weighted Average Shares Average Average Underlying Exercise Contractual Underlying Exercise Contractual Options Price Term Options Price Term Outstanding at beginning of year $ 7.69 years $ 8.0 years Granted during the period Forfeited during the period Exercised during the period — — — — Outstanding at the end of period $ 6.69 years $ 6.82 years Options exercisable at end of period $ 6.60 years — $ — — Weighted average fair value of options granted during the period $ $ As of September 30, 2015 and 2014, the aggregate intrinsic value was $ 1,780 and $973 , respectively , for outstanding non-performance ‑based stock options, $1,311 , and $ 533 , respectively , for exercisable non-performance ‑based stock options. As of September 30, 2015, there were no performance ‑based stock options outstanding or exercisable . As of September 30, 2014, the aggregate intrinsic value was $1,300 for outstanding pe rformance-based stock options. No performance-based stock options were exercisable as of September 30, 2014. As of September 30, 2015 and 2014, there was approximately $9 2 and $298 respectively, of unrecognized compensation expense related to non-performance ‑based stock options. The unrecognized compensation expense as of September 30, 2015 is expected to be recognized over the remaining weighted average requisite service period of 1.14 years. As of September 30, 2015, there was no unrecognized compensation expense related to performance-based options. A summary of the status of the Company’s restricted stock units under the 2010 incentive plan as of September 30, 2015 and 2014, and changes during the nine months then ended is as follows: 2015 2014 Weighted Weighted Average Average Grant Date Grant Date Shares Fair Value Shares Fair Value Nonvested at January 1, $ $ Granted during the period — — Vested during the period — — Forfeited during the period Nonvested at September 30, $ $ As of September 30, 2015 and 2014, there was $194 , and $ 326 respectively, of total unrecognized compensation expense related to nonvested restricted stock units. The compensation expense as of September 30, 2015 expected to be recognized over the remaining weighted average requisite service period of 1.85 years. 2014 Omnibus Plan In September of 2014, the Company adopted an omnibus incentive plan or the 2014 Omnibus Plan ( “2014 Omnibus Plan ” ). The purpose of the 2014 Omnibus Plan is to align the long ‑term financial interests of the employees, directors, consultants and other service providers with those of the shareholders, to attract and retain those employees, directors, consultants and other service providers by providing compensation opportunities that are competitive with other companies and to provide incentives to those individuals who contribute significantly to the Company’s long ‑term performance and growth. To accomplish these goals, the 2014 Omnibus Plan permits the issuance of stock options, share appreciation rights, restricted shares, restricted share units, deferred shares, unrestricted shares and cash ‑based awards. The maximum number of shares of the Company’s common stock that may be issued pursuant to grants or options under the 2014 Omnibus Plan i s 1,000,000 . The Company granted 52,080 options and 33,474 restricted stock units to its employees and directors during the nine months ended September 30, 2015 under the 2014 Omnibus Plan. 44,080 of the options awarded vest equally over three years from the date of grant and the remaining 8,000 vest equally over five years from the date of grant. 25,474 of the restricted stock units awarded include a market condition based on the Company’s total shareholder return relative to a market index which determines the number of restricted stock units which may vest equally over a three year period from the date of grant. The remaining 8,000 grants do not include market conditions and vest equally over a five year period from the date of grant . The Company’s 2014 Omnibus Plan was adopted in September of 2014, no restricted stock units or options were granted to its employees and directors during the nine months ended September 30, 2014 under the 2014 Omnibus Plan. The fair value of each option award is estimated on the grant date using the Black ‑Scholes option ‑pricing model with the following assumptions used for the grants: For the Nine Months Ended September 30, 2015 2014 Dividend yield 0.00% — Expected life 6.0 to 6.5 years — Expected volatility 37.00% to 37.55% — Risk-free interest rate 1.76% to 1.81% — The expected life is based on the expected amount of time that options granted are expected to be outstanding. The dividend yield assumption is based on the Company’s history. The expected volatility is based on historical volatility of the Company as well as the volatility of certain comparable public company peers. The risk ‑free interest rates are based upon yields of U.S. Treasury issues with a term equal to the expected life of the option being valued. A summary of the status of the Company’s options and restricted stock units as of September 30, 2015 and changes during the nine months then ended is as follows: 2015 Nonperformance-based stock options Weighted Shares Weighted Average Underlying Exercise Contractual Options Price Term Outstanding at beginning of year — $ — — Granted during the period Forfeited during the period — — Cancelled during the period — — Exercised during the period — — Outstanding at the end of period $ 9.37 years Options exercisable at end of period — $ — — Weighted average fair value of options granted during the period $ As of September 30, 2015 the aggregate intrinsic value was $ 66 for outstanding stock options under the Omnibus plan. 2015 Restricted stock units Weighted Average Grant Date Shares Fair Value Nonvested at January 1, $ Granted during the period Vested during the period Forfeited during the period Nonvested at September 30, $ For the nine months ended September 30, 2015 compensation expense for awards granted under the 2014 Omnibus P lan was approximately $55 and $226 for options and restricted stock units, respectively. As of September 30, 2015 there was $208 and $1,0 60 of total unrecognized compensation expense related to options and restricted stock units awarded under the 2014 Omnibus Plan, respectively. The compensation expense related to these options and restricted stock units is expected to be recognized over the remaining weighted average requisite service periods of 3.79 and 2.67 years, respectively.

Significant Concentrations of C

Significant Concentrations of Credit Risk	9 Months Ended
	Sep. 30, 2015
Significant Concentrations of Credit Risk
Significant Concentrations of Credit Risk	12. Significant Concentrations of Credit Risk Most of the Company’s business activity is with customers located within the Dallas Metropolitan area. Such customers are normally also depositors of the Company. The distribution of commitments to extend credit approximates the distribution of loans outstanding. Commercial and standby letters of credit were granted primarily to commercial borrowers. The contractual amounts of credit related financial instruments such as commitments to extend credit, credit card arrangements, and letters of credit represent the amounts of potential accounting loss should the contract be fully drawn upon, the customer default, and the value of any existing collateral become worthless .

Preferred Stock

Preferred Stock	9 Months Ended
	Sep. 30, 2015
Preferred Stock Disclosure [Abstract]
Preferred Stock	13. Preferred Stock On August 25, 2011, the Company entered into a Small Business Lending Fund ‑Securities Purchase Agreement ( “ SBLF Purchase Agreement ” ) with the Secretary of the Treasury (the “Treasury”) , pursuant to which the Company (i) sold 8,000 shares of the Company’s Senior Non ‑Cumulative Perpetual Preferred Stock, Series C (the SBLF Preferred Stock) to the Treasury for a purchase price of $8,000 . The issuance was pursuant to the Small Business Lending Fund program, a fund established under the Small Business Jobs Act of 2010 that was created to encourage lending to small business by providing capital to qualified community banks. The SBLF Preferred Stock qualifies as Tier 1 capital and pays non cumulative dividends quarterly, on each January 1, April 1, July 1 and October 1. The dividend rate, as a percentage of the liquidation amount, can fluctuate on a quarterly basis during the first 10 quarters during which the SBLF Preferred Stock is outstanding, based upon changes in the level of “Qualified Small Business Lending” or “QBSL” (as defined in the SBLF Purchase Agreement) by the Bank. Based upon the increase in the Bank’s level of QBSL over the baseline level calculated under the terms of the SBLF Purchase Agreement, the dividend rate for the initial dividend period for the Company was set at 1% . For the tenth calendar quarter through 4.5 years after issuance, the dividend rate will be fixed and as of September 30, 2015 was set at 1% based upon the increase in QBSL as compared to the baseline. After 4.5 years from issuance, the dividend rate will increase to 9% (including a quarterly lending incentive fee of 0.5% ). The SBLF Preferred Stock is non ‑voting, except in limited circumstances. In the event that the Company misses five dividend payments, whether or not consecutive, the holder of the SBLF Preferred Stock will have the right, but not the obligation, to appoint a representative as an observer on the Company’s Board of Directors. The right expires when full dividends have been paid for four consecutive dividend periods. The SBLF Preferred Stock may be redeemed at any time at the Company’s option, at a redemption price of 100% of the liquidation amount of $1,000 per share plus accrued but unpaid dividends to the date of redemption for the current period, subject to the approval of its federal banking regulator.

Capital Requirements and Restri

Capital Requirements and Restrictions on Retained Earnings	9 Months Ended
	Sep. 30, 2015
Capital Requirements and Restrictions on Retained Earnings Disclosure [Abstract]
Capital Requirements and Restrictions on Retained Earnings	14. Capital Requirements and Restrictions on Retained Earnings Under banking law, there are legal restrictions limiting the amount of dividends the Company can declare. Approval of the regulatory authorities is required if the effect of the dividends declared would cause regulatory capital of the Company to fall below specified minimum levels. The Company on a consolidated basis and the Bank are subject to various regulatory capital requirements administered by federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company must meet specific capital guidelines that involve quantitative measures of the Company’s assets, liabilities, and certain off balance sheet items as calculated under regulatory accounting practices. The Company’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. In July 2013, the Federal Reserve published final rules for the adoption of the Basel III regulatory capital framework (the “Basel III Capital Rules”). The Basel III Capital Rules, among other things, (i) introduce a new capital measure called “Common Equity Tier 1” (“CET1”), (ii) specify that Tier 1 capital consist of Common Equity Tier 1 and “Additional Tier 1 Capital” instruments meeting specified requirements, (iii) define Common Equity Tier 1 narrowly by requiring that most deductions/adjustments to regulatory capital measures be made to Common Equity Tier 1 and not to the other components of capital and (iv) expand the scope of the deductions/adjustments as compared to existing regulations. The Basel III Capital Rules became effective for the Company on January 1, 2015 with certain transition provisions fully phased in on January 1, 2019. Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios (set forth in the table below) of total and Tier 1 capital (as defined in the regulations) to risk weighted assets (as defined), and of Tier 1 capital (as defined) to average assets (as defined). Management believes, as of September 30, 2015 and December 31, 2014 that the Bank met all capital adequacy requirements to which it was subject. As of September 30, 2015 and December 31, 2014, the Company’s capital ratios exceeded those levels necessary to be categorized as “well capitalized” under the regulatory framework for prompt corrective action. To be categorized as “well capitalized”, the Company must maintain minimum total risk ‑based, Tier 1 risk ‑based and Tier 1 leverage ratios as set forth in the table. There are no conditions or events since September 30, 2015 that management believes have changed the Company’s c ategory. A comparison of the Company’s and Bank’s actual capital amounts and ratios to required capital amounts and ratios is presented in the following table: To Be Well Capitalized Under For Capital Prompt Corrective Actual Adequacy Purposes Action Provisions Amount Ratio Amount Ratio Amount Ratio As of September 30, 2015 Total capital (to risk weighted assets) Company $ % ≥ $ ≥ % ≥ N/A ≥ N/A Bank $ % ≥ $ ≥ % ≥ $ ≥ % Tier 1 capital (to risk weighted assets) Company $ % ≥ $ ≥ % ≥ N/A ≥ N/A Bank $ % ≥ $ ≥ % ≥ $ ≥ % Common equity tier 1 to risk weighted assets Company $ % ≥ $ ≥ % ≥ N/A ≥ N/A Bank $ % ≥ $ ≥ % ≥ $ ≥ % Tier 1 capital (to average assets) Company $ % ≥ $ ≥ % ≥ N/A ≥ N/A Bank $ % ≥ $ ≥ % ≥ $ ≥ % As of December 31, 2014 Total capital (to risk weighted assets) Company $ % ≥ $ ≥ % ≥ N/A ≥ N/A Bank $ % ≥ $ ≥ % ≥ $ ≥ % Tier 1 capital (to risk weighted assets) Company $ % ≥ $ ≥ % ≥ N/A ≥ N/A Bank $ % ≥ $ ≥ % ≥ $ ≥ % Tier 1 capital (to average assets) Company $ % ≥ $ ≥ % ≥ N/A ≥ N/A Bank $ % ≥ $ ≥ % ≥ $ ≥ %

Business Combinations

Business Combinations	9 Months Ended
	Sep. 30, 2015
Business Combinations [Abstract]
Business Combinations	15. Business Combinations All acquisitions were accounted for using the acquisition method of accounting. Accordingly, the assets and liabilities of the acquired entities were recorded at their estimated fair values at the acquisition date. ASC 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Company determines the estimated fair values after review and consideration of relevant information, including discounted cash flows, quoted market prices, third party valuations, and estimates made by management. The excess of the purchase price over the estimated fair value of the net assets for tax-free acquisitions is recorded as goodwill, none of which is deductible for tax purposes. The identified c ore deposit intangibles for the acquisition are being amortized on straight-line basis with no residual value over an estimated life of ten years. Acquisition-related costs are recognized separately from the acquisition and are expensed as incurred. The results of operations for each acquisition have been included in the Company’s consolidated financial results beginning on the respective acquisition date. The measurement period for the Company to determine the fair values of acquired identifiable assets and assumed liabilities will end at the earlier of (1) twelve months from the date of the acquisition or (2) as soon as the Company receives the information it was seeking about facts and circumstances that existed as of the acquisition date or learns that more information is not obtainable. The Company is currently in the process of obtaining fair values for certain acquired assets and assumed liabilities and therefore the following estimates for the IBT acquisition are preliminary. On July 1, 2015, the Company completed the acquisition of IBT, the parent holding company of Independent Bank, headquartered in Irving, Texas with two banking locations in the Dallas metropolitan area. The acquisition was not considered significant to the Company’s financial statements and therefore pro forma financial data and related disclosures are not included. The Company determined that the disclosure requirements related to the amounts of revenues and earnings of the acquired company included in the consolidated statements of income since the acquisition date is impracticable. The disclosure requirements are deemed impracticable because the Company does not consider IBT a separate reporting segment and does not track the amount of revenue, expense and net income attributable to IBT since acquisition. Under the terms of the definitive agreement, the Company issued 1,185,067 shares of its common stock (with cash in lieu of fractional shares) and paid approximately $4,000 in cash for the outstanding shares of IBT common stock in connection with the closing of the acquisition. Preliminary fair value estimates of the assets acquired and liabilities assumed in this transaction as of the closing date are as follows: Assets of acquired bank: Cash and cash equivalents $ Securities available for sale Loans Bank premises, furniture and equipment Securities available for sale Bank-owned life insurance Accrued interest receivable Goodwill Servicing assets Core deposit intangibles Other assets Total assets $ Liabilities of acquired bank: Deposits $ FHLB advances Other borrowings Other liabilities Total liabilities $ Cash paid to shareholders of acquired entity $ 1,185,067 shares of common stock exchanged in connection with acquisition $

Summary of Significant Accoun25

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2015
Summary of Significant Accounting Policies
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements include the accounts of Veritex and its wholly-owned subsidiary, the Bank. All material intercompany transactions have been eliminated in consolidation. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (U.S. GAAP), but do not include all of the information and footnotes required for complete financial statements. In management’s opinion, these interim unaudited condensed consolidated financial statements include all adjustments of a normal recurring nature necessary for a fair statement of the Company’s consolidated financial position at September 30, 2015 and December 31, 2014, consolidated results of operations for the three and nine months ended September 30, 2015 and 2014, consolidated stockholders’ equity for the nine months ended September 30, 2015 and 2014 and consolidated cash flows for the nine months ended September 30, 2015 and 2014. Accounting measurements at interim dates inherently involve greater reliance on estimates than at year end and the results for the interim periods shown in this report are not necessarily indicative of results to be expected for the full year due in part to global economic and financial market conditions, interest rates, access to sources of liquidity, market competition and interruptions of business processes. These interim unaudited condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and notes thereto for the year ended December 31, 2014 included within the Company’s Form 10-K as filed with the Securities and Exchange Commission on March 27, 2015. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. These estimates and assumptions may also affect disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates.
Segment Reporting	Segment Reporting: The Company has one reportable segment. The Company's chief operating decision-maker, the CEO, uses consolidated results to make operating and strategic decisions.
Reclassifications	Reclassifications: For purposes of comparability, certain prior period accounts within noninterest income and noninterest expense have been reclassified to conform with current period presentation. Such reclassifications had no impact on total noninterest income or total noninterest expense.
Initial Public Offering (IPO)	Initial Public Offering (IPO): The Company qualifies as an “emerging growth company” as defined by the Jumpstart Our Business Startups Act (JOBS Act). During the second quarter of 2014, the Company’s Board of Directors approved a resolution to sell shares of Veritex common stock to the public in an initial public offering. On July 22, 2014, the Company submitted a confidential draft Registration Statement on Form S-1 with the SEC with respect to the shares to be registered and sold. On August 29, 2014, the Company filed a Registration Statement on Form S-1 with the SEC. That Registration Statement was declared effective by the SEC on October 8, 2014. The Company sold and issued 3,105,000 shares of common stock at $13.00 per share in reliance on that Registration Statement. Total proceeds received by the Company, net of offering costs were approximately $36,000 . In connection with the initial public offering, on September 22, 2014, the Company amended its certificate of formation to authorize the issuance of up to 75,000,000 shares of common stock, par value $0.01 per share, and 10,000,000 shares of preferred stock, par value $1.00 per share, of which 8,000 shares are designated as Series C preferred stock. The authorized but unissued shares of capital stock are available for future issuance without shareholder approval, unless otherwise required by applicable law or the rules of any applicable securities exchange.
Acquisition	Acquisition: On July 1, 2015, the Company completed the acquisition of IBT Bancorp, Inc. (“IBT”), the parent holding company of Independent Bank of Texas (“Independent Bank”), headquartered in Irving, Texas with two banking locations in the Dallas metropolitan area. Under the terms of the definitive agreement, the Company issued approximately 1,185,067 shares of its common stock (with cash in lieu of fractional shares) and paid approximately $ 4,000 in cash for the outstanding shares of IBT common stock in connection with the closing of the acquisition. Refer to note 15 – Business Combinations for further information regarding the acquisition.
Servicing Assets	Servicing Assets: Servicing assets are amortized over an estimated life using a method that is in proportion to the estimated future servicing income. In the event future prepayments exceed management’s estimates and future cash flows are inadequate to cover the servicing asset additional amortization will be recognized. The portion of servicing fees in excess of the contracted servicing fees is reflected as interest–only strips receivable, which are classified as available for sale and are carried at fair value.
Earnings Per Share	Earnings Per Share Earnings per share (“EPS”) are based upon the weighted ‑average shares outstanding. The table below sets forth the reconciliation between weighted average shares used for calculating basic and diluted EPS for the three and nine month period ended September 30, 2015 and 2014 : Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Earnings (numerator) Net income for common stockholders $ $ $ $ Less: preferred stock dividends Net income allocated to common stockholders $ $ $ $ Shares (denominator) Weighted average shares outstanding for basic EPS (thousands) Dilutive effect of employee stock-based awards Adjusted weighted average shares outstanding Earnings per share: Basic $ $ $ $ Diluted $ $ $ $ For the nine months ended September 30, 2015, there were no exclusions from the diluted EPS weighted average shares. For the nine months ended September 30, 2014, the Company excluded from diluted EPS weighted average shares of performance stock options representing the right to purchase 462,000 shares of the Company’s common stock because the issuance of shares related to these options was contingent upon the satisfaction of certain conditions unrelated to earnings or market value and these conditions were not expected to be met. On October 9, 2014, the Company cancelled all outstanding performance stock options, and granted 81,480 restricted stock units to 29 employees and directors. The Company accounted for cancellation of the equity awards and replacement as a modification of the original awards. For the three months ended September 30, 2015, there were no exclusions from the diluted EPS weighted average shares. For the three months ended September 30, 2014, the Company excluded from diluted EPS weighted average shares of performance stock options representing the right to purchase 468,000 shares of the Company’s common stock, because the issuance of shares related to these options was contingent upon the satisfaction of certain conditions unrelated to earnings or market value and these conditions were not expected to be met.

Summary of Significant Accoun26

Summary of Significant Accounting Policy (Tables)	9 Months Ended
	Sep. 30, 2015
Summary of Significant Accounting Policies
Schedule of reconciliation between weighted average shares used for calculating basic and diluted EPS	Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Earnings (numerator) Net income for common stockholders $ $ $ $ Less: preferred stock dividends Net income allocated to common stockholders $ $ $ $ Shares (denominator) Weighted average shares outstanding for basic EPS (thousands) Dilutive effect of employee stock-based awards Adjusted weighted average shares outstanding Earnings per share: Basic $ $ $ $ Diluted $ $ $ $

Statement of Cash Flows (Tables

Statement of Cash Flows (Tables)	9 Months Ended
	Sep. 30, 2015
Supplemental Cash Flow Elements [Abstract]
Schedule of supplemental noncash investing activities	Nine Months Ended September 30, 2015 2014 Noncash assets acquired Securities available for sale — Loans — Bank premises, furniture and equipment — Securities available for sale — Bank-owned life insurance — Accrued interest receivable — Servicing assets Goodwill — Core deposit intangibles — Other assets — Total assets $ $ — Noncash liabilities assumed: Deposits $ $ — FHLB advances — Other borrowings — Other liabilities — Total liabilities $ $ — 1,185,067 shares of common stock exchanged in connection with acquisition $ $ —

Investment Securities (Tables)

Investment Securities (Tables)	9 Months Ended
	Sep. 30, 2015
Investment Securities
Schedule of carrying amount and approximate fair values of available-for-sale securities	September 30, 2015 Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value Available for Sale U.S. government agencies $ $ $ $ Municipal securities Mortgage-backed securities Collateralized mortgage obligations Asset-backed securities — $ $ $ $ December 31, 2014 Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value Available for Sale U.S. government agencies $ $ — $ $ Corporate bonds — — Municipal securities — Mortgage-backed securities Collateralized mortgage obligations Asset-backed securities — $ $ $ $
Schedule of investment securities that have been in a continuous unrealized loss position	September 30, 2015 Less Than 12 Months 12 Months or More Totals Fair Unrealized Fair Unrealized Fair Unrealized Value Loss Value Loss Value Loss Available for Sale U.S. government agencies $ — $ — $ $ $ $ Municipal securities — — Mortgage-backed securities Collateralized mortgage obligations $ $ $ $ $ $ December 31, 2014 Less Than 12 Months 12 Months or More Totals Fair Unrealized Fair Unrealized Fair Unrealized Value Loss Value Loss Value Loss Available for Sale U.S. government agencies $ — $ — $ $ $ $ Mortgage-backed securities Collateralized mortgage obligations $ $ $ $ $ $
Schedule of amortized costs and estimated fair values of securities available for sale, by contractual maturity	September 30, 2015 Available For Sale Amortized Fair Cost Value Due in one year or less $ $ Due from one year to five years Due from five years to ten years Due after ten years Mortgage-backed securities Collateralized mortgage obligations Asset-backed securities $ $ December 31, 2014 Available For Sale Amortized Fair Cost Value Due in one year or less $ $ Due from one year to five years Due from five years to ten years Due after ten years — — Mortgage-backed securities Collateralized mortgage obligations Asset-backed securities $ $
Schedule of proceeds from sales of investment securities available for sale and gross gains and losses	Nine Months Ended September 30, Nine Months Ended September 30, 2015 2014 Proceeds from sales $ $ Gross realized gains

Loans and Allowance for Loan 29

Loans and Allowance for Loan Losses (Tables)	9 Months Ended
	Sep. 30, 2015
Loans and Allowance for Loan Losses
Summary of loans	September 30, December 31, 2015 2014 Real estate: Construction and land $ $ Farmland 1 - 4 family residential Multi-family residential Nonfarm nonresidential Commercial Consumer Deferred loan fees Allowance for loan losses $ $
Schedule of non-accrual loans, excluding purchased credit impaired loans, aggregated by class of loans	September 30, December 31, 2015 2014 Real estate: Construction and land $ — $ — Farmland — — 1 - 4 family residential — — Multi-family residential — — Nonfarm nonresidential — Commercial Consumer $ $
Schedule of age analysis of past due loans, excluding purchased credit impaired loans, aggregated by class of loans	September 30, 2015 Total 90 Days Past Due 30 to 59 60 to 89 90 Days Total Total Total and Still Days Days or Greater Past Due Current Loans Accruing Real estate: Construction and land $ — $ — $ — $ — $ $ $ — Farmland — — — — — 1 - 4 family residential — — Multi-family residential — — — — — Nonfarm nonresidential — — — — — Commercial — — Consumer — — — $ $ $ — $ $ $ $ — December 31, 2014 Total 90 Days Past Due 30 to 59 60 to 89 90 Days Total Total Total and Still Days Days or Greater Past Due Current Loans Accruing Real estate: Construction and land $ $ — $ $ $ $ $ — Farmland — — — — — 1 - 4 family residential — — — Multi-family residential — — — — — Nonfarm nonresidential — — — Commercial — — Consumer — — — $ $ $ $ $ $ $ —
Summary of impaired loans, including purchased credit impaired loans and trouble debt restructurings	September 30, 2015 Unpaid Recorded Recorded Average Contractual Investment Investment Total Recorded Principal with No With Recorded Related Investment Balance Allowance Allowance Investment Allowance YTD Real estate: Construction and land $ — $ — $ — $ — $ — $ Farmland — — — — — — 1 - 4 family residential — — Multi-family residential — — — — — — Nonfarm nonresidential — — Commercial Consumer Total $ $ $ $ $ $ December 31, 2014 Unpaid Recorded Recorded Average Contractual Investment Investment Total Recorded Principal with No With Recorded Related Investment Balance Allowance Allowance Investment Allowance YTD Real estate: Construction and land $ $ — $ $ $ $ Farmland — — — — — — 1 - 4 family residential — — Multi-family residential — — — — — — Nonfarm nonresidential — — Commercial Consumer Total $ $ $ $ $ $
Schedule of terms of certain loans that were modified as troubled debt restructurings	During the nine months ended September 30, 2015 Post-Modification Outstanding Recorded Investment Extended Pre- Extended Maturity, Modification Maturity Restructured Outstanding Adjusted and Payments and Number Recorded Interest Extended Restructured Adjusted of Loans Investment Rate Maturity Payments Interest Rate Real estate loans: Construction and land — $ — $ — $ — $ — $ — Farmland — — — — — — 1 - 4 family residential — — — — — — Multi-family residential — — — — — — Nonfarm nonresidential — — — Commercial — — — Consumer — — — — — — Total $ $ — $ — $ $
Summary of internal ratings of loans, including purchased credit impaired loans	September 30, 2015 Special Pass Mention Substandard Doubtful Total Real estate: Construction and land $ $ — $ — $ — $ Farmland — — — 1 - 4 family residential — — Multi-family residential — — — Nonfarm nonresidential — — Commercial Consumer — — Total $ $ $ $ $ December 31, 2014 Special Pass Mention Substandard Doubtful Total Real estate: Construction and land $ $ — $ $ — $ Farmland — — — 1 - 4 family residential — — Multi-family residential — — — Nonfarm nonresidential — — Commercial — Consumer — — Total $ $ $ $ — $
Schedule of analysis of the allowance for loan losses	For the For the For the Nine Months Ended Year Ended Nine Months Ended September 30, 2015 December 31, 2014 September 30, 2014 Balance at beginning of year $ $ $ Provision charged to earnings Charge-offs Recoveries Net charge-offs Balance at end of year $ $ $
Summary of activity in the allowance for loan losses by class of loans	September 30, 2015 Real Estate Construction, Nonfarm Land and Non- Farmland Residential Residential Commercial Consumer Total Balance at beginning of year $ $ $ $ $ $ Provision (recapture) charged to earnings Charge-offs — — Recoveries — — Net charge-offs (recoveries) — Balance at end of year $ $ $ $ $ $ Period-end amount allocated to: Specific reserves: Impaired loans $ — $ — $ — $ $ $ Total specific reserves — — — General reserves Total $ $ $ $ $ $ December 31, 2014 Real Estate Construction, Nonfarm Land and Non- Farmland Residential Residential Commercial Consumer Total Balance at beginning of year $ $ $ $ $ $ Provision (recapture) charged to earnings Charge-offs — Recoveries — — Net charge-offs (recoveries) Balance at end of year $ $ $ $ $ $ Period-end amount allocated to: Specific reserves: Impaired loans $ $ — $ — $ $ $ Total specific reserves — — General reserves Total $ $ $ $ $ $ September 30, 2014 Real Estate Construction Nonfarm Land and Non- Farmland Residential Residential Commercial Consumer Total Balance at beginning of year $ $ $ $ $ $ Provision (recapture) charged to earnings Charge-offs — Recoveries — — Net charge-offs (recoveries) Balance at end of year $ $ $ $ $ $ Period-end amount allocated to: Specific reserves: Impaired loans $ $ — $ — $ $ $ Total specific reserves — — General reserves Total $ $ $ $ $ $
Schedule of recorded investment in loans related to the balance in the allowance for loan losses on the basis of the Company's impairment methodology	September 30, 2015 Real Estate Construction Nonfarm Land and Non- Farmland Residential Residential Commercial Consumer Total Loans individually evaluated for impairment $ — $ $ $ $ $ Loans collectively evaluated for impairment Total $ $ $ $ $ $ December 31, 2014 Real Estate Construction Nonfarm Land and Non- Farmland Residential Residential Commercial Consumer Total Loans individually evaluated for impairment $ $ $ $ $ $ Loans collectively evaluated for impairment Total $ $ $ $ $ $
Schedule of summary of changes in servicing assets	Nine Months Ended September 30, 2015 2014 Balance at beginning of year $ — $ — Servicing asset acquired through acquisition Increase from loan sales — Amortization charged to income — Increase in valuation allowance — — Balance at end of period $ $ —

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures
Schedule of assets measured at fair value on a recurring basis	Fair Value Measurements Using Level 1 Level 2 Level 3 Total Inputs Inputs Inputs Fair Value As of September 30, 2015 Investment securities available for sale $ — $ $ — $ As of December 31, 2014 Investment securities available for sale $ — $ $ — $
Schedule of assets measured at fair value on a non-recurring basis	Fair Value Measurements Using Level 1 Level 2 Level 3 Total Inputs Inputs Inputs Fair Value As of September 30, 2015 Assets: Impaired loans $ — $ — $ $ Other real estate owned $ — $ — $ $ As of December 31, 2014 Assets: Impaired loans $ — $ — $ $ Other real estate owned $ — $ — $ $
Schedule of significant unobservable inputs used in the fair value measurements	September 30, 2015 Valuation Unobservable Weighted Assets/Liabilities Fair Value Technique Input(s) Average Impaired loans $ Collateral Method Adjustments for selling costs % Other real estate owned $ Collateral Method Adjustments for selling costs % December 31, 2014 Valuation Unobservable Weighted Assets/Liabilities Fair Value Technique Input(s) Average Impaired loans $ Collateral Method Adjustments for selling costs % Other real estate owned $ Collateral Method Adjustments for selling costs %
Schedule of estimated fair values and carrying values of all financial instruments	September 30, December 31, 2015 2014 Carrying Fair Carrying Fair Amount Value Amount Value Financial assets: Level 2 inputs: Cash and cash equivalents $ $ $ $ Securities available for sale Loans held for sale Accrued interest receivable Bank-owned life insurance Servicing asset — — Non-marketable equity securities Level 3 inputs: Loans, net Financial liabilities: Level 2 inputs: Deposits $ $ $ $ Advances from FHLB Accrued interest payable Junior subordinated debentures Subordinated notes

Financial Instruments with Of31

Financial Instruments with Off-Balance Sheet Risk (Tables)	9 Months Ended
	Sep. 30, 2015
Financial Instruments with Off-Balance Sheet Risk Disclosure [Abstract]
Schedule of the approximate amounts of financial instruments with off-balance sheet risk	September 30, December 31, 2015 2014 Commitments to extend credit $ $ Standby and commercial letters of credit $ $

Employee Benefits (Tables)

Employee Benefits (Tables)	9 Months Ended
	Sep. 30, 2015
Employee Benefits
Summary of ESOP shares	September 30, December 31, 2015 2014 Allocated shares Unearned shares Total ESOP shares Fair value of unearned shares $ $

Stock Incentive Plans (Tables)

Stock Incentive Plans (Tables)	9 Months Ended
	Sep. 30, 2015
2010 Stock Option and Equity Incentive Plan
Schedule of assumptions used to measure fair value of each option award estimated on grant date using Black-Scholes option-pricing model	For the Nine Months Ended September 30, 2015 2014 Dividend yield — 0.00% Expected life — 10 years Expected volatility — 5.60% Risk-free interest rate — 2.54% to 2.71%
Summary of option activity	2015 Nonperformance-based stock options Performance-based stock options Weighted Weighted Weighted Shares Weighted Average Shares Average Average Underlying Exercise Contractual Underlying Exercise Contractual Options Price Term Options Price Term Outstanding at beginning of year $ 6.58 years — $ — — Granted during the period — — — — Forfeited during the period — — Cancelled during the period — — — — Exercised during the period — — Outstanding at the end of period $ 5.81 years — $ — — Options exercisable at end of period $ 5.65 years — $ — — Weighted average fair value of options granted during the period $ — $ — 2014 Nonperformance-based stock options Performance-based stock options Weighted Weighted Weighted Shares Weighted Average Shares Average Average Underlying Exercise Contractual Underlying Exercise Contractual Options Price Term Options Price Term Outstanding at beginning of year $ 7.69 years $ 8.0 years Granted during the period Forfeited during the period Exercised during the period — — — — Outstanding at the end of period $ 6.69 years $ 6.82 years Options exercisable at end of period $ 6.60 years — $ — — Weighted average fair value of options granted during the period $ $
Summary of status of the Company's restricted shares or restricted stock units	2015 2014 Weighted Weighted Average Average Grant Date Grant Date Shares Fair Value Shares Fair Value Nonvested at January 1, $ $ Granted during the period — — Vested during the period — — Forfeited during the period Nonvested at September 30, $ $
Omnibus Plan
Schedule of assumptions used to measure fair value of each option award estimated on grant date using Black-Scholes option-pricing model	For the Nine Months Ended September 30, 2015 2014 Dividend yield 0.00% — Expected life 6.0 to 6.5 years — Expected volatility 37.00% to 37.55% — Risk-free interest rate 1.76% to 1.81% —
Summary of option activity	2015 Nonperformance-based stock options Weighted Shares Weighted Average Underlying Exercise Contractual Options Price Term Outstanding at beginning of year — $ — — Granted during the period Forfeited during the period — — Cancelled during the period — — Exercised during the period — — Outstanding at the end of period $ 9.37 years Options exercisable at end of period — $ — — Weighted average fair value of options granted during the period $
Summary of status of the Company's restricted shares or restricted stock units	2015 Restricted stock units Weighted Average Grant Date Shares Fair Value Nonvested at January 1, $ Granted during the period Vested during the period Forfeited during the period Nonvested at September 30, $

Capital Requirements and Rest34

Capital Requirements and Restrictions on Retained Earnings (Tables)	9 Months Ended
	Sep. 30, 2015
Capital Requirements and Restrictions on Retained Earnings Disclosure [Abstract]
Schedule of comparison of the Company's and Bank's actual capital amounts and ratios to required capital amounts and ratios	To Be Well Capitalized Under For Capital Prompt Corrective Actual Adequacy Purposes Action Provisions Amount Ratio Amount Ratio Amount Ratio As of September 30, 2015 Total capital (to risk weighted assets) Company $ % ≥ $ ≥ % ≥ N/A ≥ N/A Bank $ % ≥ $ ≥ % ≥ $ ≥ % Tier 1 capital (to risk weighted assets) Company $ % ≥ $ ≥ % ≥ N/A ≥ N/A Bank $ % ≥ $ ≥ % ≥ $ ≥ % Common equity tier 1 to risk weighted assets Company $ % ≥ $ ≥ % ≥ N/A ≥ N/A Bank $ % ≥ $ ≥ % ≥ $ ≥ % Tier 1 capital (to average assets) Company $ % ≥ $ ≥ % ≥ N/A ≥ N/A Bank $ % ≥ $ ≥ % ≥ $ ≥ % As of December 31, 2014 Total capital (to risk weighted assets) Company $ % ≥ $ ≥ % ≥ N/A ≥ N/A Bank $ % ≥ $ ≥ % ≥ $ ≥ % Tier 1 capital (to risk weighted assets) Company $ % ≥ $ ≥ % ≥ N/A ≥ N/A Bank $ % ≥ $ ≥ % ≥ $ ≥ % Tier 1 capital (to average assets) Company $ % ≥ $ ≥ % ≥ N/A ≥ N/A Bank $ % ≥ $ ≥ % ≥ $ ≥ %

Business Combinations (Tables)

Business Combinations (Tables)	9 Months Ended
	Sep. 30, 2015
Business Combinations [Abstract]
Schedule of estimated fair value of assets acquired and liabilitiees assumed	Assets of acquired bank: Cash and cash equivalents $ Securities available for sale Loans Bank premises, furniture and equipment Securities available for sale Bank-owned life insurance Accrued interest receivable Goodwill Servicing assets Core deposit intangibles Other assets Total assets $ Liabilities of acquired bank: Deposits $ FHLB advances Other borrowings Other liabilities Total liabilities $ Cash paid to shareholders of acquired entity $ 1,185,067 shares of common stock exchanged in connection with acquisition $

Summary of Significant Accoun36

Summary of Significant Accounting Policies - Nature of Organization (Details)	9 Months Ended
	Sep. 30, 2015item
Nature of Organization
Number of Branches	10
Number of mortgage offices	1
Segment Reporting:
Number of reportable segment	1

Summary of Significant Accoun37

Summary of Significant Accounting Policies - IPO (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended
	Oct. 31, 2014	Sep. 30, 2015	Dec. 31, 2014	Sep. 22, 2014
Initial Public Offering [Abstract]
Common stock, shares authorized		75,000,000	75,000,000	75,000,000
Common stock, par value (in dollars per share)		$ 0.01	$ 0.01	$ 0.01
Preferred stock, shares authorized		10,000,000	10,000,000	10,000,000
Preferred stock, par value (in dollars per share)		$ 0.01	$ 0.01	$ 1
Series C preferred stock, shares issued		8,000	8,000	8,000
Initial public offering
Initial Public Offering [Abstract]
Shares of common stock sold and issued	3,105,000
Initial public offering price (in dollars per share)	$ 13
Proceeds received, net of offering costs	$ 36,000

Summary of Significant Accoun38

Summary of Significant Accounting Policies - Acquisition (Details) $ in Thousands	Jul. 01, 2015USD ($)shares	Sep. 30, 2015USD ($)item	Dec. 31, 2014USD ($)
Business Combinations [Abstract]
Total assets		$ 1,009,539	$ 802,286
Total loans		747,930	597,278
Total deposits		$ 842,607	$ 638,743
IBT
Business Combinations [Abstract]
Number of banking location in the Dallas metropolitan area. | item		2
Number of common stock issues | shares	1,185,067
Payments in cash	$ 4,000

Summary of Significant Accoun39

Summary of Significant Accounting Policies - Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Earnings (numerator)
Net income for common stockholders	$ 2,537	$ 1,359	$ 6,217	$ 3,516
Less: preferred stock dividends	20	20	60	60
Net income available to common stockholders	$ 2,517	$ 1,339	$ 6,157	$ 3,456
Shares (denominator)
Weighted average shares outstanding for basic EPS (thousands)	10,653	6,322	9,854	6,262
Dilutive effect of employee stock based awards and warrants	288	141	267	133
Adjusted weighted average shares outstanding	10,941	6,463	10,121	6,395
Earnings per share:
Basic (in dollars per share)	$ 0.24	$ 0.21	$ 0.62	$ 0.55
Diluted (in dollars per share)	$ 0.23	$ 0.21	$ 0.61	$ 0.54

Summary of Significant Accoun40

Summary of Significant Accounting Policies - Antidilutive Securities (Details)	Oct. 09, 2014itemshares	Sep. 30, 2014shares	Sep. 30, 2015shares	Sep. 30, 2014shares
Earnings Per Share
Excluded from diluted EPS weighted average shares			0
Performance-based stock options
Earnings Per Share
Excluded from diluted EPS weighted average shares		468,000		462,000
Restricted stock units
Earnings Per Share
Number of shares awarded	81,480
Number of employees and directors granted awards in conjunction with cancellation of awards under Incentive Plan | item	29

Statement of Cash Flows (Detail

Statement of Cash Flows (Details) - IBT $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)shares
Noncash assets acquired
Securities available for sale	$ 4,646
Loans	88,497
Bank premises, furniture and equipment	4,947
Securities available for sale	790
Bank-owned life insurance	1,024
Accrued interest receivable	250
Servicing assets	323
Goodwill	6,877
Core deposit intangibles	1,078
Other assets	504
Total assets	108,936
Noncash liabilities assumed
Deposits	97,426
FHLB advances	3,503
Other borrowings	926
Other liabilities	526
Total liabilities	102,381
1,185,067 shares of common stock exchanged in connection with acquisition	$ 17,705
Shares of common stock exchanged in connection with acquisition (in shares) | shares	1,185,067

Common Stock and Preferred St42

Common Stock and Preferred Stock (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended			9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jan. 31, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014	Sep. 22, 2014
Common Stock and Preferred Stock
Common stock, par value (in dollars per share)				$ 0.01		$ 0.01	$ 0.01
Private offering price (in dollars per share)			$ 10
Total proceeds from issuance of common stock			$ 173
Private offering
Common Stock and Preferred Stock
Maximum number of shares offered			500,000
Common stock, par value (in dollars per share)			$ 0.01
Private offering price (in dollars per share)			$ 10.85
Shares of common stock issued	490,773		17,274
Total proceeds from issuance of common stock	$ 5,326
Offering costs		$ 61		$ 61	$ 61

Investment Securities (Details)

Investment Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Available for Sale securities
Amortized Cost	$ 60,881	$ 44,867
Gross Unrealized Gains	370	417
Gross Unrealized Losses	228	157
Fair Value	61,023	45,127
U.S. government agencies
Available for Sale securities
Amortized Cost	3,823	1,928
Gross Unrealized Gains	26
Gross Unrealized Losses	26	47
Fair Value	3,823	1,881
Corporate bonds
Available for Sale securities
Amortized Cost		500
Fair Value		500
Municipal securities
Available for Sale securities
Amortized Cost	6,771	965
Gross Unrealized Gains	13	22
Gross Unrealized Losses	60
Fair Value	6,724	987
Mortgage-backed securities
Available for Sale securities
Amortized Cost	39,609	28,588
Gross Unrealized Gains	240	256
Gross Unrealized Losses	107	73
Fair Value	39,742	28,771
Collateralized mortgage obligations
Available for Sale securities
Amortized Cost	9,738	11,752
Gross Unrealized Gains	91	124
Gross Unrealized Losses	20	37
Fair Value	9,809	11,839
Asset-backed securities
Available for Sale securities
Amortized Cost	940	1,134
Gross Unrealized Gains		15
Gross Unrealized Losses	15
Fair Value	$ 925	$ 1,149

Investment Securities - Unreali

Investment Securities - Unrealized Loss Position (Details) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015USD ($)item	Dec. 31, 2014USD ($)
Available for sale investment securities that have been in a continuous unrealized loss position
Less Than 12 Months, Fair Value	$ 26,002	$ 11,728
Less Than 12 Months, Unrealized Loss	186	46
12 Months or More, Fair Value	3,665	7,895
12 Months or More, Unrealized Loss	42	111
Total Fair Value	29,667	19,623
Total Unrealized Loss	$ 228	157
Number of investment positions in an unrealized loss position | item	37
U.S. government agencies
Available for sale investment securities that have been in a continuous unrealized loss position
12 Months or More, Fair Value	$ 813	1,881
12 Months or More, Unrealized Loss	26	47
Total Fair Value	813	1,881
Total Unrealized Loss	26	47
Municipal securities
Available for sale investment securities that have been in a continuous unrealized loss position
Less Than 12 Months, Fair Value	4,239
Less Than 12 Months, Unrealized Loss	60
Total Fair Value	4,239
Total Unrealized Loss	60
Mortgage-backed securities
Available for sale investment securities that have been in a continuous unrealized loss position
Less Than 12 Months, Fair Value	18,036	10,148
Less Than 12 Months, Unrealized Loss	91	39
12 Months or More, Fair Value	1,529	3,572
12 Months or More, Unrealized Loss	15	34
Total Fair Value	19,565	13,720
Total Unrealized Loss	106	73
Collateralized mortgage obligations
Available for sale investment securities that have been in a continuous unrealized loss position
Less Than 12 Months, Fair Value	3,727	1,580
Less Than 12 Months, Unrealized Loss	35	7
12 Months or More, Fair Value	1,323	2,442
12 Months or More, Unrealized Loss	1	30
Total Fair Value	5,050	4,022
Total Unrealized Loss	$ 36	$ 37

Investment Securities - Maturit

Investment Securities - Maturities (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Amortized costs of securities available for sale, by contractual maturity
Due in one year or less	$ 2,975	$ 500
Due from one year to five years	2,013	1,930
Due from five years to ten years	1,308	963
Due after ten years	4,299
Total investment securities available for sale, single maturity date	10,595	3,393
Total investment securities available for sale, amortized cost basis	60,881	44,867
Estimated fair values of securities available for sale, by contractual maturity
Due in one year or less	2,999	500
Due from one year to five years	2,011	1,932
Due from five years to ten years	1,298	936
Due after ten years	4,239
Total investment securities available for sale	10,547	3,368
Total investment securities available for sale, fair value	61,023	45,127
Mortgage-backed securities
Amortized costs of securities available for sale, by contractual maturity
Amortized Cost	39,608	28,588
Estimated fair values of securities available for sale, by contractual maturity
Fair Value	39,742	28,771
Collateralized mortgage obligations
Amortized costs of securities available for sale, by contractual maturity
Amortized Cost	9,738	11,752
Estimated fair values of securities available for sale, by contractual maturity
Fair Value	9,809	11,839
Asset-backed securities
Amortized costs of securities available for sale, by contractual maturity
Amortized Cost	940	1,134
Estimated fair values of securities available for sale, by contractual maturity
Fair Value	$ 925	$ 1,149

Investment Securities - Proceed

Investment Securities - Proceeds and Gross Gains/Losses (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Proceeds from sales of investment securities available for sale and gross gains and losses
Proceeds from sales	$ 6,278	$ 981
Gross realized gains	$ 7	$ 34

Loans and Allowance for Loan 47

Loans and Allowance for Loan Losses (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Dec. 31, 2013
Loans and Allowance for Loan Losses
Loans, gross	$ 754,199	$ 603,310
Deferred loan fees	(55)	(51)
Allowance for loan losses	(6,214)	(5,981)	$ (5,880)	$ (5,018)
Loans, net	747,930	597,278
Accretable discount related to loans acquired within a business combination	1,065	185
Construction and land
Loans and Allowance for Loan Losses
Loans, gross	99,603	69,966
Farmland
Loans and Allowance for Loan Losses
Loans, gross	12,363	10,528
1 - 4 family residential
Loans and Allowance for Loan Losses
Loans, gross	132,867	105,788
Multi-family residential
Loans and Allowance for Loan Losses
Loans, gross	8,779	9,964
Nonfarm nonresidential
Loans and Allowance for Loan Losses
Loans, gross	264,699	195,839
Allowance for loan losses	(1,921)	(1,890)	(1,810)	(1,726)
Commercial
Loans and Allowance for Loan Losses
Loans, gross	230,395	207,101
Allowance for loan losses	(2,151)	(2,092)	(2,039)	(1,585)
Consumer
Loans and Allowance for Loan Losses
Loans, gross	5,493	4,124
Allowance for loan losses	$ (36)	$ (64)	$ (66)	$ (77)

Loans and Allowance for Loan 48

Loans and Allowance for Loan Losses - Nonaccrual (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Loans and Allowance for Loan Losses
Non-accrual loans, excluding purchased credit impaired loans	$ 428	$ 436
Nonfarm nonresidential
Loans and Allowance for Loan Losses
Non-accrual loans, excluding purchased credit impaired loans		375
Commercial
Loans and Allowance for Loan Losses
Non-accrual loans, excluding purchased credit impaired loans	406	34
Consumer
Loans and Allowance for Loan Losses
Non-accrual loans, excluding purchased credit impaired loans	$ 22	$ 27

Loans and Allowance for Loan 49

Loans and Allowance for Loan Losses - Past Due (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Age analysis of past due loans, excluding purchased credit impaired loans, aggregated by class of loans
30-59 Days	$ 1,330	$ 556
60-89 Days	1,358	409
90 Days or Greater		541
Total Past Due	2,688	1,506
Total Current	751,511	601,804
Total Loans	754,199	603,310
Construction and land
Age analysis of past due loans, excluding purchased credit impaired loans, aggregated by class of loans
30-59 Days		12
90 Days or Greater		541
Total Past Due		553
Total Current	99,603	69,413
Total Loans	99,603	69,966
Farmland
Age analysis of past due loans, excluding purchased credit impaired loans, aggregated by class of loans
Total Current	12,363	10,528
Total Loans	12,363	10,528
1 - 4 family residential
Age analysis of past due loans, excluding purchased credit impaired loans, aggregated by class of loans
30-59 Days	611	512
60-89 Days	1,301
Total Past Due	1,912	512
Total Current	130,955	105,276
Total Loans	132,867	105,788
Multi-family residential
Age analysis of past due loans, excluding purchased credit impaired loans, aggregated by class of loans
Total Current	8,779	9,964
Total Loans	8,779	9,964
Nonfarm nonresidential
Age analysis of past due loans, excluding purchased credit impaired loans, aggregated by class of loans
60-89 Days		375
Total Past Due		375
Total Current	264,699	195,464
Total Loans	264,699	195,839
Commercial
Age analysis of past due loans, excluding purchased credit impaired loans, aggregated by class of loans
30-59 Days	671	6
60-89 Days	57	34
Total Past Due	728	40
Total Current	229,667	207,061
Total Loans	230,395	207,101
Consumer
Age analysis of past due loans, excluding purchased credit impaired loans, aggregated by class of loans
30-59 Days	48	26
Total Past Due	48	26
Total Current	5,445	4,098
Total Loans	$ 5,493	$ 4,124

Loans and Allowance for Loan 50

Loans and Allowance for Loan Losses - Imparied Loans (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Impaired Loans
Unpaid Contractual Principal Balance	$ 2,116	$ 2,334
Recorded Investment with No Allowance	1,733	1,445
Recorded Investment with Allowance	383	611
Total Recorded Investment	2,116	2,056
Related Allowance	133	87
Average Recorded Investment During Year	1,722	2,201
Construction and land
Impaired Loans
Unpaid Contractual Principal Balance		819
Recorded Investment with Allowance		541
Total Recorded Investment		541
Related Allowance		44
Average Recorded Investment During Year	14	611
1 - 4 family residential
Impaired Loans
Unpaid Contractual Principal Balance	167	168
Recorded Investment with No Allowance	167	168
Total Recorded Investment	167	168
Average Recorded Investment During Year	168	205
Nonfarm nonresidential
Impaired Loans
Unpaid Contractual Principal Balance	1,271	1,086
Recorded Investment with No Allowance	1,271	1,086
Total Recorded Investment	1,271	1,086
Average Recorded Investment During Year	1,105	980
Commercial
Impaired Loans
Unpaid Contractual Principal Balance	655	223
Recorded Investment with No Allowance	291	183
Recorded Investment with Allowance	364	40
Total Recorded Investment	655	223
Related Allowance	128	30
Average Recorded Investment During Year	407	361
Consumer
Impaired Loans
Unpaid Contractual Principal Balance	23	38
Recorded Investment with No Allowance	4	8
Recorded Investment with Allowance	19	30
Total Recorded Investment	23	38
Related Allowance	5	13
Average Recorded Investment During Year	$ 28	$ 44

Loans and Allowance for Loan 51

Loans and Allowance for Loan Losses - Trouble Debt Restructuring (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)loan	Dec. 31, 2014USD ($)
Troubled Debt Restructuring
Recorded investment in TDRs	$ 1,741	$ 1,677
Number of Loans | loan	2
Pre-Modification Outstanding Recorded Investment	$ 667
Post-Modification Outstanding Recorded Investment
Extended Maturity and Restructured Payments	251
Extended Maturity, Restructured Payments and Adjusted Interest Rate	$ 393
Nonfarm nonresidential
Troubled Debt Restructuring
Number of Loans | loan	1
Pre-Modification Outstanding Recorded Investment	$ 399
Post-Modification Outstanding Recorded Investment
Extended Maturity, Restructured Payments and Adjusted Interest Rate	$ 393
Commercial
Troubled Debt Restructuring
Number of Loans | loan	1
Pre-Modification Outstanding Recorded Investment	$ 268
Post-Modification Outstanding Recorded Investment
Extended Maturity and Restructured Payments	$ 251

Loans and Allowance for Loan 52

Loans and Allowance for Loan Losses - TDR's additional information (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)loan
Loans and Allowance for Loan Losses
Number of loans restructured performing as agreed to modified terms	2
Valuation allowance for loans restructured | $	$ 100
Number of restructured loans with recorded allowance	1
Number of loans modified as a troubled debt restructured loan within previous 12 months and for which there was a payment default	0
Period of time payment is past due for trouble debt restructuring to be default.	90 days

Loans and Allowance for Loan 53

Loans and Allowance for Loan Losses - Credit Quality Indicators (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Credit Quality Indicators
Loans	$ 754,199	$ 603,310
Pass
Credit Quality Indicators
Loans	752,738	600,773
Special Mention
Credit Quality Indicators
Loans	444	672
Substandard
Credit Quality Indicators
Loans	927	1,865
Doubtful
Credit Quality Indicators
Loans	90
Construction and land
Credit Quality Indicators
Loans	99,603	69,966
Construction and land | Pass
Credit Quality Indicators
Loans	99,603	69,425
Construction and land | Substandard
Credit Quality Indicators
Loans		541
Farmland
Credit Quality Indicators
Loans	12,363	10,528
Farmland | Pass
Credit Quality Indicators
Loans	12,363	10,528
1 - 4 family residential
Credit Quality Indicators
Loans	132,867	105,788
1 - 4 family residential | Pass
Credit Quality Indicators
Loans	132,699	105,786
1 - 4 family residential | Substandard
Credit Quality Indicators
Loans	168	2
Multi-family residential
Credit Quality Indicators
Loans	8,779	9,964
Multi-family residential | Pass
Credit Quality Indicators
Loans	8,779	9,964
Nonfarm nonresidential
Credit Quality Indicators
Loans	264,699	195,839
Nonfarm nonresidential | Pass
Credit Quality Indicators
Loans	264,523	195,464
Nonfarm nonresidential | Substandard
Credit Quality Indicators
Loans	176	375
Commercial
Credit Quality Indicators
Loans	230,395	207,101
Commercial | Pass
Credit Quality Indicators
Loans	229,302	205,681
Commercial | Special Mention
Credit Quality Indicators
Loans	444	672
Commercial | Substandard
Credit Quality Indicators
Loans	559	748
Commercial | Doubtful
Credit Quality Indicators
Loans	90
Consumer
Credit Quality Indicators
Loans	5,493	4,124
Consumer | Pass
Credit Quality Indicators
Loans	5,469	3,925
Consumer | Substandard
Credit Quality Indicators
Loans	$ 24	$ 199

Loans and Allowance for Loan 54

Loans and Allowance for Loan Losses - Allowance (Details) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014
Analysis of allowance for loan losses
Balance at beginning of year	$ 5,981	$ 5,018	$ 5,018
Provision charged to earnings	258	1,097	1,423
Charge-offs	(126)	(266)	(510)
Recoveries	101	31	50
Net charge-offs	(25)	(235)	(460)
Balance at end of year	6,214	5,880	5,981
Specific Reserves:
Impaired loans				$ 133	$ 87	$ 225
Total specific reserves				133	87	225
General reserves				6,081	5,894	5,655
Total	5,981	5,018	5,018	$ 6,214	$ 5,981	$ 5,880
Allowance for loan losses				0.82%	0.99%	1.01%
Construction land and Farmland
Analysis of allowance for loan losses
Balance at beginning of year	769	660	660
Provision charged to earnings	135	146	137
Charge-offs	(48)	(28)	(28)
Net charge-offs	(48)	(28)	(28)
Balance at end of year	856	778	769
Specific Reserves:
Impaired loans					$ 44	$ 34
Total specific reserves					44	34
General reserves				$ 856	725	744
Total	769	660	660	856	769	778
Residential
Analysis of allowance for loan losses
Balance at beginning of year	1,166	970	970
Provision charged to earnings	84	247	226
Charge-offs		(30)	(30)
Net charge-offs		(30)	(30)
Balance at end of year	1,250	1,187	1,166
Specific Reserves:
General reserves				1,250	1,166	1,187
Total	1,166	970	970	1,250	1,166	1,187
Nonfarm nonresidential
Analysis of allowance for loan losses
Balance at beginning of year	1,890	1,726	1,726
Provision charged to earnings	26	82	162
Recoveries	5	2	2
Net charge-offs	5	2	2
Balance at end of year	1,921	1,810	1,890
Specific Reserves:
General reserves				1,921	1,890	1,810
Total	1,890	1,726	1,726	1,921	1,890	1,810
Commercial
Analysis of allowance for loan losses
Balance at beginning of year	2,092	1,585	1,585
Provision charged to earnings	38	632	909
Charge-offs	(74)	(205)	(448)
Recoveries	95	27	46
Net charge-offs	21	(178)	(402)
Balance at end of year	2,151	2,039	2,092
Specific Reserves:
Impaired loans				128	30	178
Total specific reserves				128	30	178
General reserves				2,023	2,062	1,861
Total	2,092	1,585	1,585	2,151	2,092	2,039
Consumer
Analysis of allowance for loan losses
Balance at beginning of year	64	77	77
Provision charged to earnings	(25)	(10)	(11)
Charge-offs	(4)	(3)	(4)
Recoveries	1	2	2
Net charge-offs	(3)	(1)	(2)
Balance at end of year	36	66	64
Specific Reserves:
Impaired loans				5	13	13
Total specific reserves				5	13	13
General reserves				31	51	53
Total	$ 64	$ 77	$ 77	$ 36	$ 64	$ 66

Loans and Allowance for Loan 55

Loans and Allowance for Loan Losses - Allowance, Additional Information (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Allowance, impairment methodology
Loans individually evaluated for impairment	$ 2,116	$ 2,056
Loans collectively evaluated for impairment	752,083	601,254
Total Loans	754,199	603,310
Construction land and Farmland
Allowance, impairment methodology
Loans individually evaluated for impairment		541
Loans collectively evaluated for impairment	111,966	79,953
Total Loans	111,966	80,494
Residential
Allowance, impairment methodology
Loans individually evaluated for impairment	167	168
Loans collectively evaluated for impairment	141,479	115,584
Total Loans	141,646	115,752
Nonfarm nonresidential
Allowance, impairment methodology
Loans individually evaluated for impairment	1,271	1,086
Loans collectively evaluated for impairment	263,428	194,753
Total Loans	264,699	195,839
Commercial
Allowance, impairment methodology
Loans individually evaluated for impairment	655	223
Loans collectively evaluated for impairment	229,740	206,878
Total Loans	230,395	207,101
Consumer
Allowance, impairment methodology
Loans individually evaluated for impairment	23	38
Loans collectively evaluated for impairment	5,470	4,086
Total Loans	$ 5,493	$ 4,124

Loans and Allowance for Loan 56

Loans and Allowance for Loan Losses - Servicing Assets (Details) - USD ($)	9 Months Ended
	Sep. 30, 2015	Jun. 30, 2015	Dec. 31, 2014
Servicing asset		$ 0
Summary of changes in related servicing assets
Increase in valuation allowance	$ 0
Valuation allowance recorded	0
Interest receivable	2,088,000		$ 1,542,000
Interest-only strip
Summary of changes in related servicing assets
Interest receivable	0
IBT
Servicing asset	15,000,000
Summary of changes in related servicing assets
Servicing asset acquired through acquisition	323,000
Increase from loan sales	60,000
Amortization charged to income	(11,000)
Balance at end of period	$ 372,000

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Components of Deferred Tax Assets and Liabilities [Abstract]
Estimated Annual Effective Tax Rate	33.2	35.2
Effective tax rate (as a percent)	31.20%	35.20%
Discrete tax credit related to non-qualified stock options	$ 186	$ 0
Current tax receivable	194
Other assets.
Components of Deferred Tax Assets and Liabilities [Abstract]
Net deferred tax asset	$ 2,022		$ 1,385
Current tax liability			$ 89

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Operating Leases
Rental expense on operating lease	$ 1,060	$ 1,105

Fair Value Disclosures - Recurr

Fair Value Disclosures - Recurring Basis (Details) - USD ($) $ in Thousands	6 Months Ended	9 Months Ended		12 Months Ended
	Jun. 30, 2015	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Assets measured at fair value
Investment securities available for sale		$ 61,023		$ 45,127
Recurring
Assets measured at fair value
Investment securities available for sale		61,023		45,127
Liabilities measured at fair value		0	$ 0
Transfer of assets from Level 2 to Level 3		0	$ 0
Transfer of assets from Level 3 to Level 2	$ 0			0
Recurring | Level 2
Assets measured at fair value
Investment securities available for sale		$ 61,023		$ 45,127

Fair Value Disclosures - Non-re

Fair Value Disclosures - Non-recurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014
Assets measured at fair value
Impaired loans, carrying value	$ 2,116	$ 2,056
Impaired loans, specific allowance	133	87
Non-recurring
Assets measured at fair value
Impaired loans	2,116	2,056
Other real estate owned	493	50
Liabilities measured at fair value	0		$ 0
Non-recurring | Level 3
Assets measured at fair value
Impaired loans	2,116	2,056
Other real estate owned	$ 493	$ 50

Fair Value Disclosures - Level

Fair Value Disclosures - Level 3 (Details) - Collateral Method - Level 3 - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Impaired loans
Significant unobservable inputs used in the fair value measurements
Fair Value	$ 2,116	$ 2,056
Weighted Average (as a percent)	8.00%	8.00%
Other real estate owned, net
Significant unobservable inputs used in the fair value measurements
Fair Value	$ 493	$ 50
Weighted Average (as a percent)	8.00%	8.00%

Fair Value Disclosures - Financ

Fair Value Disclosures - Financial Instruments (Details) - USD ($)	9 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Estimated fair values and carrying values of all financial instruments
Servicing Asset at Amortized Cost, Valuation Allowance	$ 0
Maximum maturity period for Federal Home Loan Bank advances recorded at carrying value	90 days
Financial assets:
Securities available for sale	$ 61,023,000	$ 45,127,000
Financial liabilities:
Junior subordinated debentures	3,093,000	3,093,000
Subordinated notes	4,982,000	4,981,000
Level 2 | Carrying Amount
Financial assets:
Cash and cash equivalents	123,509,000	93,251,000
Securities available for sale	61,023,000	45,127,000
Loans held for sale	1,766,000	8,858,000
Accrued interest receivable	2,088,000	1,542,000
Bank-owned life insurance	19,299,000	17,822,000
Servicing asset	372,000
Non-marketable equity securities	4,405,000	4,139,000
Financial liabilities:
Deposits	842,607,000	638,743,000
Advances from FHLB	18,478,000	40,000,000
Accrued interest payable	109,000	126,000
Junior subordinated debentures	3,093,000	3,093,000
Subordinated notes	4,982,000	4,981,000
Level 2 | Total Fair Value
Financial assets:
Cash and cash equivalents	123,509,000	93,251,000
Securities available for sale	61,023,000	45,127,000
Loans held for sale	1,766,000	8,858,000
Accrued interest receivable	2,088,000	1,542,000
Bank-owned life insurance	19,299,000	17,822,000
Servicing asset	372,000
Non-marketable equity securities	4,405,000	4,139,000
Financial liabilities:
Deposits	829,272,000	630,402,000
Advances from FHLB	18,350,000	40,028,000
Accrued interest payable	109,000	126,000
Junior subordinated debentures	3,093,000	3,093,000
Subordinated notes	4,982,000	4,981,000
Level 3 | Carrying Amount
Financial assets:
Loans, net	747,930,000	597,278,000
Level 3 | Total Fair Value
Financial assets:
Loans, net	$ 747,130,000	$ 596,138,000

Financial Instruments with Of63

Financial Instruments with Off-Balance Sheet Risk (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Financial instruments with off-balance sheet risk
Total commitments	$ 234,426	$ 145,042
Commitments to extend credit
Financial instruments with off-balance sheet risk
Total commitments	232,789	144,224
Standby and commercial letters of credit
Financial instruments with off-balance sheet risk
Total commitments	$ 1,637	$ 818

Employee Benefits (Details)

Employee Benefits (Details) - USD ($) $ in Thousands	1 Months Ended		9 Months Ended
	Jun. 30, 2015	Jan. 31, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
ESOP
Matching contributions to 401(k) profit sharing Plan			$ 0	$ 0
Summary of ESOP shares
Allocated shares			26,105		16,958
Unearned shares			36,935	36,935	36,935
Total ESOP shares			63,040		53,893
Fair value of unearned shares			$ 577		$ 523
ESOP
ESOP
Amount borrowed		$ 500
Common stock shares purchased by ESOP		46,082
Issuance of stock to ESOP (in shares)	9,147
Compensation expense			$ 135	$ 135

Stock and Incentive Plan - 2010

Stock and Incentive Plan - 2010 Plan (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2010
2010 Stock Option and Equity Incentive Plan
Stock and Incentive Plans
Number of shares authorized			1,000,000
Stock based compensation expense	$ 163	$ 259
Restricted shares | 2010 Stock Option and Equity Incentive Plan
Stock and Incentive Plans
Number of shares authorized			100,000
Term of continuous service for vesting awards	4 years
Number of shares awarded		28,500
Stock option | 2010 Stock Option and Equity Incentive Plan
Stock and Incentive Plans
Number of shares authorized			900,000
Term of continuous service for vesting awards	5 years
Contractual terms for non-controlling participants	10 years
Performance-based stock options | 2010 Stock Option and Equity Incentive Plan
Stock and Incentive Plans
Number of shares authorized			500,000
Number of shares awarded under stock options		50,000
Nonperformance-based stock options
Stock and Incentive Plans
Number of shares awarded under stock options	52,080
Nonperformance-based stock options | 2010 Stock Option and Equity Incentive Plan
Stock and Incentive Plans
Number of shares awarded under stock options		30,000

Stock and Incentive Plan - 2066

Stock and Incentive Plan - 2010 Plan - Black Scholes Assumptions (Details) - 2010 Stock Option and Equity Incentive Plan	9 Months Ended
	Sep. 30, 2014
Assumptions used to measure fair value of each option award estimated on grant date using Black-Scholes option-pricing model
Dividend yield (as a percent)	0.00%
Expected life	10 years
Expected volatility (as a percent)	5.60%
Risk-free interest rate, minimum (as a percent)	2.54%
Risk-free interest rate, maximum (as a percent)	2.71%

Stock and Incentive Plan - 2067

Stock and Incentive Plan - 2010 Plan - Options (Details) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014	Dec. 31, 2013
2010 Stock Option and Equity Incentive Plan
Additional disclosures
Stock based compensation expense	$ 163	$ 259
Performance-based stock options | 2010 Stock Option and Equity Incentive Plan
Shares Underlying Options activity
Outstanding at beginning of period (in shares)		422,500	422,500
Granted during the period (in shares)		50,000
Forfeited during the period (in shares)		5,000
Outstanding at the end of period (in shares)		467,500		422,500
Activity in weighted exercise price
Outstanding at beginning of period (in dollars per share)		$ 10.02	$ 10.02
Granted during the period (in dollars per share)		11.19
Forfeited during the period (in dollars per share)		10.85
Outstanding at the end of period (in dollars per share)		10.14		$ 10.02
Weighted average fair value of options granted during the period (in dollars per share)		$ 2.02
Weighted Average Contractual Term
Outstanding at beginning of period				8 years
Outstanding at the end of period				8 years
Options exercisable at end of period		6 years 9 months 26 days
Additional disclosures
Aggregate intrinsic value of outstanding stock options (in dollars)	0	$ 1,300
Aggregate intrinsic value of exercisable stock options (in dollars)	0	$ 0
Unrecognized compensation expense (in dollars)	$ 0
Nonperformance-based stock options
Shares Underlying Options activity
Granted during the period (in shares)	52,080
Outstanding at the end of period (in shares)	52,080
Activity in weighted exercise price
Granted during the period (in dollars per share)	$ 14.35
Outstanding at the end of period (in dollars per share)	14.35
Weighted average fair value of options granted during the period (in dollars per share)	$ 5.57
Weighted Average Contractual Term
Options exercisable at end of period	9 years 4 months 13 days
Nonperformance-based stock options | 2010 Stock Option and Equity Incentive Plan
Shares Underlying Options activity
Outstanding at beginning of period (in shares)	352,500	327,500	327,500
Granted during the period (in shares)		30,000
Forfeited during the period (in shares)	6,000	5,000
Exercised during the period (in shares)	21,000
Outstanding at the end of period (in shares)	325,500	352,500	352,500	327,500
Options exercisable at end of period (in shares)	236,200	186,700
Activity in weighted exercise price
Outstanding at beginning of period (in dollars per share)	$ 10.14	$ 10.03	$ 10.03
Granted during the period (in dollars per share)		11.86
Forfeited during the period (in dollars per share)	10	10.85
Exercised during the period (in dollars per share)	10
Outstanding at the end of period (in dollars per share)	10.15	10.14	$ 10.14	$ 10.03
Options exercisable at end of period (in dollars per share)	$ 10.07	10.04
Weighted average fair value of options granted during the period (in dollars per share)		$ 1.95
Weighted Average Contractual Term
Outstanding at beginning of period	5 years 9 months 22 days	6 years 8 months 9 days	6 years 6 months 29 days	7 years 8 months 9 days
Outstanding at the end of period	5 years 9 months 22 days	6 years 8 months 9 days	6 years 6 months 29 days	7 years 8 months 9 days
Options exercisable at end of period	5 years 7 months 24 days	6 years 7 months 6 days
Additional disclosures
Aggregate intrinsic value of outstanding stock options (in dollars)	$ 1,780	$ 973
Aggregate intrinsic value of exercisable stock options (in dollars)	$ 1,311	533
Requisite service period to recognize compensation cost	1 year 1 month 21 days
Unrecognized compensation expense (in dollars)	$ 92	$ 298

Stock and Incentive Plan - 2068

Stock and Incentive Plan - 2010 Plan - Restricted Stock Units (Details) - Restricted shares - 2010 Stock Option and Equity Incentive Plan - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Activity in shares
Nonvested at the beginning of the period (in shares)	62,250	35,000
Granted (in shares)		28,500
Vested (in shares)	(20,000)
Forfeited (in shares)	(1,000)	(1,250)
Nonvested at the end of the period (in shares)	41,250	62,250
Activity in weighted average grant date fair value
Nonvested at the beginning of the period (in dollars per share)	$ 10.86	$ 10.02
Granted (in dollars per share)		11.93
Vested (in dollars per share)	10
Forfeited (in dollars per share)	10	10.85
Nonvested at the end of the period (in dollars per share)	$ 11.30	$ 10.87
Additional disclosures
Unrecognized compensation expense (in dollars)	$ 194		$ 326
Requisite service period to recognize compensation cost	1 year 10 months 6 days

Stock and Incentive Plan - Omni

Stock and Incentive Plan - Omnibus Plan (Details) - shares	Oct. 09, 2014	Sep. 30, 2015	Sep. 30, 2014
Omnibus Plan
Stock and Incentive Plans
Number of shares authorized		1,000,000
Restricted stock units
Stock and Incentive Plans
Number of shares awarded	81,480
Restricted stock units | Omnibus Plan
Stock and Incentive Plans
Number of shares awarded		33,474	0
Restricted stock units | Omnibus Plan | Share-based Compensation Award, Tranche Three: Market condition based on the Company's total shareholder return relative to a market index
Stock and Incentive Plans
Number of shares awarded		25,474
Vesting period		3 years
Restricted stock units | Omnibus Plan | Share-based Compensation Award, Tranche Four: No market condition
Stock and Incentive Plans
Number of shares awarded		8,000
Vesting period		5 years
Stock option | Omnibus Plan
Stock and Incentive Plans
Number of shares awarded under stock options		52,080	0
Stock option | Omnibus Plan | Share-based Compensation Award, Tranche One
Stock and Incentive Plans
Number of shares awarded under stock options		44,080
Vesting period		3 years
Stock option | Omnibus Plan | Share-based Compensation Award, Tranche Two
Stock and Incentive Plans
Number of shares awarded under stock options		8,000
Vesting period		5 years

Stock and Incentive Plan - Om70

Stock and Incentive Plan - Omnibus Plan Black Scholes Assumptions- (Details) - Omnibus Plan	9 Months Ended
	Sep. 30, 2015
Assumptions used to measure fair value of each option award estimated on grant date using Black-Scholes option-pricing model
Dividend yield (as a percent)	0.00%
Minimum
Assumptions used to measure fair value of each option award estimated on grant date using Black-Scholes option-pricing model
Expected life	6 years
Maximum
Assumptions used to measure fair value of each option award estimated on grant date using Black-Scholes option-pricing model
Expected life	6 years 6 months

Stock and Incentive Plan - Om71

Stock and Incentive Plan - Omnibus Plan - Options (Details) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Nonperformance-based stock options
Shares Underlying Options activity
Granted during the period (in shares)	52,080
Outstanding at the end of period (in shares)	52,080
Activity in weighted exercise price
Granted during the period (in dollars per share)	$ 14.35
Outstanding at the end of period (in dollars per share)	14.35
Weighted average fair value of options granted during the period (in dollars per share)	$ 5.57
Weighted Average Contractual Term
Options exercisable at end of period	9 years 4 months 13 days
Omnibus Plan | Stock option
Shares Underlying Options activity
Granted during the period (in shares)	52,080	0
Omnibus Plan | Nonperformance-based stock options
Additional disclosures
Aggregate intrinsic value of outstanding stock options (in dollars)	$ 66

Stock and Incentive Plan - Om72

Stock and Incentive Plan - Omnibus Plan - Restricted Stock Units (Details) - USD ($) $ / shares in Units, $ in Thousands	Oct. 09, 2014	Sep. 30, 2015	Sep. 30, 2014
Restricted stock units
Activity in shares
Granted (in shares)	81,480
Restricted stock units | Omnibus Plan
Activity in shares
Nonvested at the beginning of the period (in shares)		82,903
Granted (in shares)		33,474	0
Vested (in shares)		(784)
Forfeited (in shares)		(3,533)
Nonvested at the end of the period (in shares)		112,060
Activity in weighted average grant date fair value
Nonvested at the beginning of the period (in dollars per share)		$ 13
Granted (in dollars per share)		14.51
Vested (in dollars per share)		13
Forfeited (in dollars per share)		13
Nonvested at the end of the period (in dollars per share)		$ 13.45
Additional disclosures
Stock based compensation expense		$ 226
Unrecognized compensation expense (in dollars)		$ 1,060
Requisite service period to recognize compensation cost		2 years 8 months 1 day
Stock option | Omnibus Plan
Additional disclosures
Stock based compensation expense		$ 55
Unrecognized compensation expense (in dollars)		$ 208
Requisite service period to recognize compensation cost		3 years 9 months 15 days

Preferred Stock (Details)

Preferred Stock (Details) $ / shares in Units, $ in Thousands	Aug. 25, 2011USD ($)itemshares	Sep. 30, 2015$ / shares	Sep. 30, 2014USD ($)	Dec. 31, 2014$ / shares
Preferred Stock
Shares issued pursuant to SBLF program, value | $			$ 5,438
Liquidation amount (in dollars per share)		$ 1,000		$ 1,000
SBLF Preferred Stock
Preferred Stock
Number of quarters during which dividend rate fluctuates | item	10
Number of dividend payment defaults triggering appointment of a representative as an observer on the Company's Board of Directors | item	5
Redemption price as a percentage of liquidation amount plus accrued but unpaid dividends		100.00%
Liquidation amount (in dollars per share)		$ 1,000
SBLF Purchase Agreement | SBLF Preferred Stock | Initial dividend period
Preferred Stock
Dividend rate (as a percent)	1.00%
SBLF Purchase Agreement | SBLF Preferred Stock | Dividend period for tenth calendar quarter through four and one half years after issuance
Preferred Stock
Dividend rate (as a percent)		1.00%
Dividend period used in setting dividend rate	4 years 6 months
SBLF Purchase Agreement | SBLF Preferred Stock | Dividend period after four and one half years from issuance
Preferred Stock
Dividend rate (as a percent)	9.00%
Dividend period used in setting dividend rate	4 years 6 months
Quarterly lending incentive fee (as a percent)	0.50%
SBLF Purchase Agreement | SBLF Preferred Stock | Secretary of the Treasury
Preferred Stock
Shares issued pursuant to SBLF program | shares	8,000
Shares issued pursuant to SBLF program, value | $	$ 8,000

Capital Requirements and Rest74

Capital Requirements and Restrictions on Retained Earnings (Details) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Total capital (to risk weighted assets)
Actual Amount	$ 124,696,000	$ 107,197,000
Actual Ratio (as a percent)	16.18%	17.21%
For Capital Adequacy Purposes Amount	$ 61,654,000	$ 49,814,000
For Capital Adequacy Purposes Ratio (as a percent)	8.00%	8.00%
Tier 1 capital (to risk weighted assets)
Actual Amount	$ 113,500,000	$ 96,236,000
Actual Ratio (as a percent)	14.73%	15.45%
For Capital Adequacy Purposes Amount	$ 30,821,000	$ 24,907,000
For Capital Adequacy Purposes Ratio (as a percent)	4.00%	4.00%
Common equity tier 1 to risk weighted assets
Actual Amount	$ 102,407,000
Actual Ratio (as a percent)	13.29
For Capital Adequacy Purposes Amount	$ 30,822,000
For Capital Adequacy Purposes Amount (as a percent)	4.00%
Tier 1 capital (to average assets)
Actual Amount	$ 113,500,000	$ 96,236,000
Actual Ratio (as a percent)	12.02%	12.66%
For Capital Adequacy Purposes Amount	$ 37,770,000	$ 30,400,000
For Capital Adequacy Purposes Ratio (as a percent)	4.00%	4.00%
Bank
Total capital (to risk weighted assets)
Actual Amount	$ 101,770,000	$ 79,616,000
Actual Ratio (as a percent)	13.22%	12.79%
For Capital Adequacy Purposes Amount	$ 61,585,000	$ 49,788,000
For Capital Adequacy Purposes Ratio (as a percent)	8.00%	8.00%
To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 76,982,000	$ 62,235,000
To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio (as a percent)	10.00%	10.00%
Tier 1 capital (to risk weighted assets)
Actual Amount	$ 95,556,000	$ 73,635,000
Actual Ratio (as a percent)	12.41%	11.83%
For Capital Adequacy Purposes Amount	$ 30,800,000	$ 24,894,000
For Capital Adequacy Purposes Ratio (as a percent)	4.00%	4.00%
To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 46,200,000	$ 37,341,000
To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio (as a percent)	6.00%	6.00%
Common equity tier 1 to risk weighted assets
Actual Amount	$ 95,556,000
Actual Ratio (as a percent)	12.41
For Capital Adequacy Purposes Amount	$ 30,800,000
For Capital Adequacy Purposes Amount (as a percent)	4.00%
To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 38,500,000
To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio (as a percent)	5
Tier 1 capital (to average assets)
Actual Amount	$ 95,556,000	$ 73,635,000
Actual Ratio (as a percent)	10.13%	9.69%
For Capital Adequacy Purposes Amount	$ 37,732,000	$ 30,386,000
For Capital Adequacy Purposes Ratio (as a percent)	4.00%	4.00%
To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 47,165,000	$ 37,983,000
To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio (as a percent)	5.00%	5.00%

Business Combinations (Details)

Business Combinations (Details) $ in Thousands	Jul. 01, 2015USD ($)shares	Jun. 30, 2015item	Sep. 30, 2015USD ($)item
Business Acquisition [Line Items]
Goodwill acquired, tax deductible amount			$ 0
Maximum | Core deposits intangibles
Business Acquisition [Line Items]
Estimated useful live			10 years
IBT
Business Acquisition [Line Items]
Number of banking location in the Dallas metropolitan area. | item			2
Shares of common stock exchanged in connection with acquisition (in shares) | shares	1,185,067
Cash paid to shareholders of acquired entity	$ 4,000
1,185,067 shares of common stock exchanged in connection with acquisition	17,705
Assets of acquired bank:
Cash and cash equivalents	15,150
Securities available for sale	4,646
Loans	88,497
Bank premises, furniture and equipment	4,947
Securities available for sale	790
Bank-owned life insurance	1,024
Accrued interest receivable	250
Goodwill	6,877
Servicing assets	323
Core deposit intangibles	1,078
Other assets	504
Total assets	124,086
Liabilities of acquired bank:
Deposits	97,426
FHLB advances	3,503
Other borrowings	926
Other liabilities	526
Total liabilities	$ 102,381
IBT
Business Acquisition [Line Items]
Number of banking location in the Dallas metropolitan area. | item		2