Veritex (VBTX) 10-K 15 Mar 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2015	Mar. 08, 2016	Jun. 30, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	Veritex Holdings, Inc.
Entity Central Index Key	1,501,570
Document Type	10-K
Document Period End Date	Dec. 31, 2015
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Public Float			$ 135,572,000
Entity Common Stock, Shares Outstanding		10,721,768
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
ASSETS
Cash and due from banks	$ 10,989	$ 9,223
Interest bearing deposits in other banks	60,562	84,028
Total cash and cash equivalents	71,551	93,251
Investment securities	75,813	45,127
Loans held for sale	2,831	8,858
Loans, net of allowance for loan losses of $6,214 and $5,981, respectively	813,733	597,278
Accrued interest receivable	2,216	1,542
Bank-owned life insurance	19,459	17,822
Bank premises, furniture and equipment, net	17,449	11,150
Servicing asset	21,659
Non-marketable equity securities	4,167	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	2,410	1,261
Goodwill	26,865	19,148
Other assets	2,520	2,512
Total assets	1,039,600	802,286
Deposits:
Noninterest-bearing	301,367	251,124
Interest-bearing	567,043	387,619
Total deposits	868,410	638,743
Accounts payable and accrued expenses	1,776	1,582
Accrued interest payable and other liabilities	848	575
Advances from Federal Home Loan Bank	28,444	40,000
Junior subordinated debentures	3,093	3,093
Subordinated notes	4,983	4,981
Total liabilities	$ 907,554	$ 688,974
Commitments and contingencies (Note 6)
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
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	115,721	97,469
Retained earnings	16,739	8,047
Unallocated Employee Stock Ownership Plan shares; 36,935 shares at September 30, 2015 and December 31, 2014	(309)	(401)
Accumulated other comprehensive income	(142)	172
Treasury stock, 10,000 shares at cost	(70)	(70)
Total stockholders' equity	132,046	113,312
Total liabilities and stockholders' equity	$ 1,039,600	$ 802,286

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Consolidated Balance Sheets
Allowance for loan losses	$ 6,772	$ 5,981
Accumulated amortization	$ 1,605	$ 1,226
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	10,000,000
Series C preferred stock, shares issued		8,000
Series C preferred stock, shares outstanding		8,000
Series C preferred stock, liquidation value (in dollars per share)		$ 1,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	75,000,000
Common stock, shares issued	10,712,472	9,470,832
Common stock, shares outstanding	10,712,472	9,470,832
Unallocated Employee Stock Ownership Plan shares, shares	27,993	36,935
Treasury stock, shares	10,000	10,000

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Interest income:
Interest and fees on loans	$ 33,680	$ 27,236	$ 22,755
Interest on investment securities	997	839	613
Interest on deposits in other banks	241	182	132
Interest on other	2	2	2
Total interest income	34,920	28,259	23,502
Interest expense:
Interest on deposit accounts	2,918	2,421	2,207
Interest on borrowings	543	498	254
Total interest expense	3,461	2,919	2,461
Net interest income	31,459	25,340	21,041
Provision for loan losses	868	1,423	1,883
Net interest income after provision for loan losses	30,591	23,917	19,158
Noninterest income:
Service charges and fees on deposit accounts	1,326	1,099	1,001
Gain on sales of investment securities	7	34
Gain on sales of loans	1,254	641	632
Gain (loss) on sales of other assets owned	19	10	20
Bank-owned life insurance	747	427	385
Other	351	285	353
Total noninterest income	3,704	2,496	2,391
Noninterest expense:
Salaries and employee benefits	11,265	10,037	9,084
Occupancy and equipment	3,477	3,246	3,025
Professional fees	2,023	1,382	737
Data processing	1,216	1,041	842
FDIC assessment fees	448	421	378
Marketing	799	588	417
Other real estate owned expenses and writedowns	53	211	399
Amortization of intangibles	338	295	294
Telephone and communications	263	226	226
Other	1,506	1,056	962
Total noninterest expense	21,388	18,503	16,364
Net income from operations	12,907	7,910	5,185
Income tax expense	4,117	2,705	1,777
Net income	8,790	5,205	3,408
Preferred stock dividends	98	80	60
Net income available to common stockholders	$ 8,692	$ 5,125	$ 3,348
Basic earnings per share (in dollars per share)	$ 0.86	$ 0.73	$ 0.58
Diluted earnings per share (in dollars per share)	$ 0.84	$ 0.72	$ 0.57

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Consolidated Statements of Comprehensive Income
Net income	$ 8,790	$ 5,205	$ 3,408
Other comprehensive (loss) income:
Unrealized (losses) gains on securities available for sale arising during the period, net	(469)	255	(686)
Reclassification adjustment for net gains included in net income	7	34
Other comprehensive (losses) gains before tax	(476)	221	(686)
Income tax (benefit) expense	(162)	75	(233)
Other comprehensive gains (losses) before tax	(314)	146	(453)
Comprehensive income	$ 8,476	$ 5,351	$ 2,955

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($)	Preferred Stock.	Common stockPrivate offering	Common stockInitial public offering	Common stock	Additional Paid-In CapitalPrivate offering	Additional Paid-In CapitalInitial public offering	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Unallocated Employee Stock Ownership Plan Shares	Treasury Stock	Private offering	Initial public offering	Total
Balance at Dec. 31, 2012	$ 8,000,000			$ 57,000			$ 53,750,000	$ (426,000)	$ 479,000					$ 61,860,000
Balance (in shares) at Dec. 31, 2012				5,694,340
Increase (Decrease) in Stockholders' Equity
Sale of common, net offering costs				$ 1,000			1,209,000							1,210,000
Sale of common, net offering costs				120,363
Preferred stock dividend Series C								(60,000)						(60,000)
Purchase of Treasury Stock at Cost				$ (10,000)							$ (70,000)			(70,000)
Issuance of warrants related to subordinated debt							21,000							21,000
Stock based compensation							323,000							323,000
Net income								3,408,000						3,408,000
Other comprehensive income									(453,000)					(453,000)
Balance at Dec. 31, 2013	8,000,000			$ 58,000			55,303,000	2,922,000	26,000		(70,000)			66,239,000
Balance (in shares) at Dec. 31, 2013				5,804,703
Increase (Decrease) in Stockholders' Equity
Restricted stock units vested, net 6,398 shares withheld to cover tax witholdings														(500,000)
Sale of common, net offering costs		$ 6,000	$ 31,000		$ 5,432,000	$ 35,760,000						$ 5,438,000	$ 35,791,000
Sale of common, net offering costs		508,047	3,105,000
Preferred stock dividend Series C								(80,000)						(80,000)
Issuance of shares to Directors related to vesting of restricted stock units				7,000
Sale and finance of stock to ESOP							500,000			$ (500,000)				500,000
Sale and finace of stock to ESOP (in shares)				46,082
ESOP shares allocated							19,000			99,000				118,000
Stock based compensation							455,000							455,000
Net income								5,205,000						5,205,000
Other comprehensive income									146,000					146,000
Balance at Dec. 31, 2014	8,000,000			$ 95,000			97,469,000	8,047,000	172,000	(401,000)	(70,000)			$ 113,312,000
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							(159,000)							$ (159,000)
Restricted stock units vested, net 6,398 shares withheld to cover tax witholdings, shares				26,426
Exercise of employee stock options							210,000							210,000
Exercise of employee stock options (in shares)				21,000
Preferred stock dividend Series C								(98,000)						(98,000)
Redeption of SBLF preferred stock Series C	$ (8,000,000)													(8,000,000)
Issuance of stock to ESOP							115,000			(5,000)				110,000
Issuance of stock to ESOP (in shares)				9,147
ESOP shares allocated							12,000			97,000				109,000
Common stock issued for acquisition of IBT Bancorp, Inc., net offering costs of $252				$ 12,000			17,441,000							17,453,000
Common stock issued for acquisition of IBT Bancorp, Inc., net offering costs of $252 (in shares)				1,185,067
Stock based compensation							633,000							633,000
Net income								8,790,000						8,790,000
Other comprehensive income									(314,000)					(314,000)
Balance at Dec. 31, 2015				$ 107,000			$ 115,721,000	$ 16,739,000	$ (142,000)	$ (309,000)	$ (70,000)			$ 132,046,000
Balance (in shares) at Dec. 31, 2015				10,712,472										10,712,472

Consolidated Statements of Cha7

Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)shares
IBT
Offering costs	$ 252
Initial public offering
Offering costs	$ 10,025
Common stock
Shares withheld to cover tax witholdings | shares	26,426

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Cash flows from operating activities:
Net income	$ 8,790	$ 5,205	$ 3,408
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	1,387	1,339	1,266
Provision for loan losses	868	1,423	1,883
Accretion of loan purchase discount	(194)	(483)	(404)
Stock based compensation expense	633	455	323
Amortization of other intangible assets	31	14	14
Net amortization of premiums on investment securities	498	400	371
Change in cash surrender value of bank-owned life insurance	(613)	(341)	(323)
Net gain on sales of investment securities	(7)	(34)
Gain on sales of loans held for sale	(1,254)	(641)	(632)
Amortization of subordinated note discount	2		249
Net gain on sales of other real estate owned	(19)	(10)	(20)
Net originations of loans held for sale	(39,614)	(45,441)	(35,895)
Proceeds from sales of loans held for sale	46,344	39,275	37,294
(Increase) decrease in accrued interest receivable and other assets	(717)	712	(2,076)
(Decrease) increase in accounts payable, accrued expenses, accrued interest payable and other liabilities	(87)	360	683
Net cash provided by operating activities	16,048	2,233	6,141
Cash flows from investing activities:
Purchases of securities available for sale	(344,813)	(310,983)	(146,787)
Sales of securities available for sale	3,779	981	120,000
Proceeds from maturities, calls and pay downs of investment securities	314,029	310,334	9,664
Net cash received in acquisition	11,150
Sales (purchases) of non-marketable equity securities, net	762	(1,425)	(125)
Net loans originated	(128,612)	(109,175)	(98,513)
Purchases of bank-owned life insurance		(7,006)	(5,000)
Net additions to bank premises and equipment	(2,392)	(2,243)	(576)
Proceeds from sales of other real estate owned	124	2,817	1,566
Net cash used in investing activities	(145,973)	(116,700)	(119,771)
Cash flows from financing activities:
Net change in deposits	132,241	64,805	126,036
Net decrease in advances from Federal Home Loan Bank	(15,059)	25,000	5,000
Change in other borrowings	(926)
Issuance of subordinated notes			5,000
Purchase of common stock held in treasury			(70)
Proceeds from exercise of employee stock options	210
Redemption of SBLF preferred stock Series C	(8,000)
Dividends paid on preferred stock	(98)	(80)	(60)
Proceeds from payments on ESOP Loan	109	118
Proceeds from issuance of common stock in Initial Public Offering, net of offering cost of $4,574		35,791
Proceeds from issuance of common stock, net offering cost of $61 for the year ended December 31, 2014		5,438	1,210
Offering costs paid in connection with acquisition	(252)
Net cash provided by financing activities	108,225	131,072	137,116
Net increase (decrease) in cash and cash equivalents	(21,700)	16,605	23,486
Cash and cash equivalents at beginning of year	93,251	76,646	53,160
Cash and cash equivalents at end of period	$ 71,551	$ 93,251	$ 76,646

Consolidated Statements of Cas9

Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Initial public offering
Offering costs	$ 10,025	$ 4,574
Private offering
Offering costs		$ 61

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2015
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies	VERITEX HOLDINGS, INC. AND SUBSIDIARY Notes to Consolidated Financial Statement s (Dollars in thousands, except for per share amounts) 1. Summary of Significant Accounting Policies Nature of Organization Veritex Holdings, Inc. (Veritex), 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) , collectively the “Company” , a Texas state banking organization, with corporate offices in Dallas, Texas, 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 performs periodic examinations to ensure regulatory compliance . Basis of Presentation The accompanying consolidated financial statements include the accounts of Veritex and its wholly ‑owned subsidiary, Veritex Community Bank, formerly known as Veritex Community Bank, National Association. The accounting principles followed by the Company and the methods of applying them are in conformity with U.S. generally accepted accounting principles (“GAAP”) and prevailing practices of the banking industry. All material intercompany transactions have been eliminated upon consolidation. Accounting standards codification The Financial Accounting Standards Board’s (FASB) Accounting Standards Codification (ASC) is the officially recognized source of authoritative GAAP applicable to all public and non-public non-governmental entities. Rules and interpretive releases of the SEC under the authority of federal securities laws are also sources of authoritative GAAP for SEC registrants. All other accounting literature is considered non-authoritative. Citing particular content in the ASC involves specifying the unique numeric path to the content through the Topic, Subtopic, Section and Paragraph structure. Segment Reporting The Company has one reportable segment. All of the Company’s activities are interrelated, and each activity is dependent and assessed based on how each of the activities of the Company supports the others. For example, lending is dependent upon the ability of the Company to fund itself with deposits and borrowings while managing the interest rate and credit risk. Accordingly, all significant operating decisions are based upon analysis of the Bank as one segment or unit. The Company’s chief operating decision-maker, the CEO, uses the consolidated results to make operating and strategic decisions. Reclassifications Certain prior period amounts have been reclassified to conform to the 2015 financial statement presentation. These reclassifications only changed the reporting categories and did not affect the consolidated results of operations , cash flows from operating, investing, or investment activities, or consolidated financial position. 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 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 25 – Business Combinations for further information regarding the acquisition. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements. Actual results could differ from those estimates. The allowance for loan losses, the fair values of financial instruments, including investment securities available for sale and loans held for sale, and the status of contingencies are particularly susceptible to significant change in the near term. Cash and Cash Equivalents For the purposes of reporting cash flows, cash and cash equivalents include cash on hand, amounts due from banks and federal funds sold. The Bank maintains deposits with other financial institutions in amounts that exceed federal deposit insurance coverage. Furthermore, federal funds sold are essentially uncollateralized loans to other financial institutions. Management regularly evaluates the credit risk associated with the counterparties to these transactions and believes that the Company is not exposed to any significant credit risks on cash and cash equivalents. Cash and cash equivalents include interest-bearing deposits in other banks of $60.6 million and $84.0 million, at December 31, 2015 and 2014, respectively. Restrictions on cash The Bank is required to maintain regulatory reserve balances with the Federal Reserve Bank. The reserve balances required as of December 31, 2015 and 2014 were approximately $28,100 and $ 23,365, respectively. Investment Securities Securities are classified as held to maturity and carried at amortized cost when management has the positive intent and ability to hold them until maturity. Securities to be held for indefinite periods of time are classified as available for sale and carried at fair value, with the unrealized holding gains and losses reported in other comprehensive income, net of tax. Management determines the appropriate classification of securities at the time of purchase. Interest income includes amortization of purchase premiums and discounts. Realized gains and losses are derived from the amortized cost of the security sold. Credit related declines in the fair value of available for sale securities below their cost that are deemed to be other than temporary are reflected in earnings as realized losses, with the remaining unrealized loss recognized as a component of other comprehensive income. In estimating other ‑than ‑temporary impairment losses, management considers, among other things, (i) the length of time and the extent to which the fair value has been less than cost, (ii) the financial condition and near ‑term prospects of the issuer, and (iii) the intent and ability of the Company to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value. For the years ended December 31, 2015, 2014 and 2013 there were no other-than-temporary impairment losses reflected in earnings as realized losses. Loans Held for Sale Loans held for sale consist of certain mortgage loans originated and intended for sale in the secondary market and are carried at the lower of cost or estimated fair value on an individual loan basis. Net unrealized losses, if any, are recognized through a valuation allowance by charges to income. The Company obtains commitments to purchase the loans from the secondary market investors prior to closing of the loans. Loans held for sale are sold with servicing released. Gains and losses on sales of loans held for sale are based on the difference between the selling price and the carrying value of the related loan sold. Loans and Allowance for Loan Losses Loans, excluding certain purchased loans that have shown evidence of deterioration since origination as of the date of the acquisition, that management has the intent and ability to hold for the foreseeable future or until maturity or pay ‑off are stated at the amount of unpaid principal, reduced by unearned income and an allowance for loan losses. Interest on loans is recognized using the effective ‑interest method on the daily balances of the principal amounts outstanding. Fees associated with the origination of loans and certain direct loan origination costs are netted and the net amount is deferred and recognized over the life of the loan as an adjustment of yield. The accrual of interest on loans is discontinued when there is a clear indication that the borrower’s cash flow may not be sufficient to meet payments as they become due, which is generally no later than when a loan is 90 days past due. When a loan is placed on non-accrual status, all previously accrued and unpaid interest is reversed. Interest income is subsequently recognized on a cash basis as long as the remaining book balance of the asset is deemed to be collectible. If collectability is questionable, then cash payments are applied to principal. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured in accordance with the terms of the loan agreement. The allowance for loan losses is an estimated amount management believes is adequate to absorb inherent losses on existing loans that may be uncollectible based upon review and evaluation of the loan portfolio. Management’s periodic evaluation of the allowance is based on general economic conditions, the financial condition of borrowers, the value and liquidity of collateral, delinquency, prior loan loss experience, and the results of periodic reviews of the portfolio. The allowance for loan losses is comprised of two components: the general reserve and specific reserves. The general reserve is determined in accordance with current authoritative accounting guidance. The Company’s calculation of the general reserve considers historical loss rates for the last three years adjusted for qualitative factors based upon general economic conditions and other qualitative risk factors both internal and external to the Company. Such qualitative factors include current local economic conditions and trends including unemployment, changes in lending staff, policies and procedures, changes in credit concentrations, changes in the trends and severity of problem loans and changes in trends in volume and terms of loans. These qualitative factors serve to compensate for additional areas of uncertainty inherent in the portfolio that are not reflected in the Company’s historic loss factors. For purposes of determining the general reserve, the loan portfolio, less cash secured loans, government guaranteed loans and impaired loans, is multiplied by the Company’s adjusted historical loss rate. Specific reserves are determined in accordance with current authoritative accounting guidance based on probable losses on specific classified loans. The allowance for loan losses is increased by charges to income and decreased by charge ‑offs (net of recoveries). Due to the growth of the Bank over the past several years, a portion of the loans in its portfolio and its lending relationships are of relatively recent origin. The new loan portfolios have limited delinquency and credit loss history and have not yet exhibited an observable loss trend. The credit quality of loans in theses loan portfolios are impacted by delinquency status and debt service coverage generated by the borrowers’ business and fluctuations in the value of real estate collateral. Management considers delinquency status to be the most meaningful indicator of the credit quality of one ‑to ‑four single family residential, home equity loans and lines of credit and other consumer loans. In general, loans do not begin to show signs of credit deterioration or default until they have been outstanding for some period of time, a process the Company refers to as “seasoning.” As a result, a portfolio of older loans will usually behave more predictably than a portfolio of newer loans. Because the majority of the portfolio is relatively new, the current level of delinquencies and defaults may not be representative of the level that will prevail when the portfolio becomes more seasoned, which may be higher than current levels. Delinquency statistics are updated at least monthly. Internal risk ratings are considered the most meaningful indicator of credit quality for new commercial, construction, and commercial real estate loans. Internal risk ratings are a key factor in identifying loans that are individually evaluated for impairment and impact management’s estimates of loss factors used in determining the amount of the allowance for loan losses. Internal risk ratings are updated on a continuous basis. Loans are considered impaired when, based on current information and events, 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. If a loan is impaired, a specific valuation allowance is allocated, if necessary. 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. Impaired loans, or portions thereof, are charged off when deemed uncollectible. The Company’s policy requires measurement of the allowance for an impaired collateral dependent loan based on the fair value of the collateral. Other loan impairments are measured based on the present value of expected future cash flows or the loan’s observable market price. At December 31, 2015 and 2014 , all significant impaired loans have been determined to be collateral dependent and the allowance for loss has been measured utilizing the estimated fair value of the collateral. From time to time, the Company modifies its loan agreement with a borrower. A modified loan is considered a troubled debt restructuring when two conditions are met: (i) the borrower is experiencing financial difficulty and (ii) concessions are made by the Company that would not otherwise be considered for a borrower with similar credit risk characteristics. Modifications to loan terms may include a lower interest rate, a reduction of principal, or a longer term to maturity. All troubled debt restructurings are considered impaired loans. The Company reviews each troubled debt restructured loan and determines on a case by case basis if a specific allowance for loan loss is required. An allowance for loan loss allocation is based on either the present value of estimated future cash flows or the estimated fair value of the underlying collateral. The Company has certain lending policies and procedures in place that are designed to maximize loan income with an acceptable level of risk. Management reviews and approves these policies and procedures on a regular basis and makes changes as appropriate. Management receives frequent reports related to loan originations, quality, concentrations, delinquencies, non ‑performing and potential problem loans. Diversification in the loan portfolio is a means of managing risk associated with fluctuations in economic conditions, both by type of loan and geography. Commercial loans are underwritten after evaluating and understanding the borrower’s ability to operate profitably and effectively. Underwriting standards are designed to determine whether the borrower possesses sound business ethics and practices and to evaluate current and projected cash flows to determine the ability of the borrower to repay their obligations as agreed. Commercial loans are primarily made based on the identified cash flows of the borrower and, secondarily, on the underlying collateral provided by the borrower. Most commercial loans are secured by the assets being financed or other business assets, such as accounts receivable or inventory, and include personal guarantees. Real estate loans are also subject to underwriting standards and processes similar to commercial loans. These loans are underwritten primarily based on projected cash flows and, secondarily, as loans secured by real estate. The repayment of real estate loans is generally largely dependent on the successful operation of the property securing the loans or the business conducted on the property securing the loan. Real estate loans may be more adversely affected by conditions in the real estate markets or in the general economy. The properties securing the Company’s real estate portfolio are generally diverse in terms of type and geographic location, throughout the Dallas metropolitan area. This diversity helps reduce the exposure to adverse economic events that affect any single market or industry. The Company utilizes methodical credit standards and analysis to supplement its policies and procedures in underwriting consumer loans. The Company’s loan policy addresses types of consumer loans that may be originated and the collateral, if secured, which must be perfected. The relatively smaller individual dollar amounts of consumer loans that are spread over numerous individual borrowers also minimizes the Company’s risk. Certain Acquired Loans As part of business acquisitions, the Company evaluated each of the acquired loans under ASC 310 ‑30 to determine whether (i) there was evidence of credit deterioration since origination, and (ii) it was probable that the Company would not collect all contractually required payments receivable. The Company determined the best indicator of such evidence was an individual loan’s payment status and/or whether a loan was determined to be classified based on a review of each individual loan. Therefore, generally each individual loan that should have been or was on non ‑accrual at the acquisition date and each individual loan that was deemed impaired were included subject to ASC 310 ‑30 accounting. These loans were recorded at the discounted expected cash flows of the individual loan. Loans which were evaluated under ASC 310 ‑30, and where the timing and amount of cash flows can be reasonably estimated, were accounted for in accordance with ASC 310 ‑30 ‑35. The Company applies the interest method for these loans under this subtopic and the loans are excluded from non ‑accrual. If, at acquisition, the Company identified loans that they could not reasonably estimate cash flows or, if subsequent to acquisition, such cash flows could not be estimated, such loans would be included in non ‑accrual and accounted for under the cost recovery method. These acquired loans are recorded at the allocated fair value, such that there is no carryover of the seller’s allowance for loan losses. Such acquired loans are accounted for individually. The Company estimates the amount and timing of expected cash flows for each purchased loan, and the expected cash flows in excess of the allocated fair value is recorded as interest income over the remaining life of the loan (accretable yield). The excess of the loan’s contractual principal and interest over expected cash flows is not recorded (non ‑accretable difference). Over the life of the loan, expected cash flows continue to be estimated. If the present value of expected cash flows is less than the carrying amount, a loss is recorded through the allowance for loan losses. If the present value of expected cash flows is greater than the carrying amount, any related allowance for loan loss is reversed, with the remaining yield being recognized prospectively through interest income. Loans to which ASC 310-30 accounting is applied are deemed purchased credit impaired (“PCI”) loans. Transfers of Financial Assets Transfers of financial assets (generally consisting of sales of loans held for sale and loan participations with unaffiliated banks) are accounted for as sales, when control over the assets has been relinquished. Control over transferred assets is deemed to be surrendered when the assets have been isolated from the Company, the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity. Bank Premises and Equipment Buildings and improvements, furniture and equipment are carried at cost less accumulated depreciation computed using the straight ‑line method over the estimated useful lives of the respective assets as follows: Buildings and improvements 10 - 40 years Leasehold improvements Term of lease Furniture and equipment 3 - 10 years Major replacements and betterments are capitalized while maintenance and repairs are charged to expense when incurred. Gains or losses on dispositions are reflected in operations as incurred. Non ‑Marketable Equity Securities The Bank is a member of its regional Federal Reserve Bank (FRB) and of the Federal Home Loan Bank system (FHLB). FHLB members are required to own a certain amount of stock based on the level of borrowings and other factors, and may invest in additional amounts. Both FRB and FHLB stock are carried at cost, restricted for sale, and periodically evaluated for impairment based on ultimate recovery of par value. Both cash and stock dividends are reported as income. Other non ‑marketable equity securities are carried at cost which approximates fair value. Other Real Estate Owned Other real estate owned represents properties acquired through or in lieu of loan foreclosure and are initially recorded at fair value less estimated costs to sell. At foreclosure, if the fair value, less estimated costs to sell, of the real estate acquired is less than the Bank’s recorded investment in the related loan, a write ‑down is recognized through a charge to the allowance for loan losses. Any subsequent reduction in value is recognized by a charge to income. Operating and holding expenses of such properties, net of related income, and gains and losses on their disposition are included in noninterest expense. Bank ‑Owned Life Insurance The Company has purchased life insurance policies on certain employees. These bank ‑owned life insurance (BOLI) policies are recorded in the accompanying consolidated balance sheets at their cash surrender values. Income from these policies and changes in the cash surrender values are recorded in noninterest income in the accompanying consolidated statements of income. Goodwill and Intangible Assets Goodwill resulting from a business combination represents the excess of the fair value of the consideration transferred over the fair value of the net assets acquired and liabilities assumed as of the acquisition date. Goodwill is not amortized but is reviewed for potential impairment annually on December 31 or when a triggering event occurs. The Company’s goodwill test involves a two ‑step process. Under the first step, the estimation of fair value of the reporting unit is compared to its carrying value including goodwill. If step one indicates a potential impairment, the second step is performed to measure the amount of impairment, if any. If the carrying amount of the reporting goodwill exceeds the implied fair value of that goodwill, an impairment loss is recognized in an amount equal to that excess. Any such adjustments are reflected in the results of operations in the periods in which they become known. Intangible assets consist of core deposit intangibles and other intangible assets related to operating leases with favorable market terms acquired in business combinations. Intangible assets are initially recognized based on a valuation performed as of the acquisition date. Core deposit intangibles are being amortized on a straight-line basis over the estimated useful lives of seven to nine years. Intangible assets related to operating leases are amortized over the remaining life of the acquired lease using the straight ‑line method. All indefinite lived intangible assets are tested annually for potential impairment or when triggering events occur. Intangible assets with definite lives are tested for impairment when a triggering event occurs. No impairment charges related to goodwill and intangible assets were recorded during the years ended December 31, 2015 , 2014 and 2013 . Advertising and Marketing Advertising and marketing consists of the Company’s advertising and marketing in its local market. Advertising and marketing is expensed as incurred. Income Taxes The Company files a consolidated income tax return with its subsidiary. Federal income tax expense or benefit is allocated on a separate return basis. The Company accounts for income taxes using the asset and liability approach for financial accounting and reporting. Deferred tax assets and liabilities are reflected at currently enacted income tax rates applicable to the period in which the deferred tax assets and liabilities are expected to be realized or settled. As changes in tax laws or rates are enacted, deferred tax assets and liabilities are adjusted through the provision for income taxes. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized. Realization of deferred tax assets is dependent upon the generation of a sufficient level of future taxable income and recoverable taxes paid in prior years. The Company may recognize the tax benefit of an uncertain tax position only if it is more likely than not that the tax position will be sustained upon examination by the taxing authorities based on the technical merits of the position. For tax positions meeting the more ‑likely ‑than ‑not threshold, the amount recognized in the financial statements would be the benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the relevant tax authority. For the years ended December 31, 2015 and 2014 , management has determined there are no material uncertain tax positions. When necessary, the Company would include interest assessed by taxing authorities in “Interest expense” and penalties related to income taxes in “Other expense” on its consolidated statements of income. The Company did not record any interest or penalties related to income tax for the years ended December 31, 2015 and 2014 . With few exceptions, the Company is no longer subject to U.S. federal income tax examinations by tax authorities for the years before 2012. Fair Values of Financial Instruments Fair values of financial instruments are estimated using relevant market information and other assumptions. Fair value estimates involve uncertainties and matters of significant judgment regarding interest rates, credit risk, prepayments and other factors, especially in the absence of broad markets for particular items. Changes in assumptions or in market conditions could significantly affect the estimates. The fair value estimates of existing on and off ‑balance sheet financial instruments do not include the value of anticipated future business or the value of assets and liabilities not considered financial instruments. Stock Based Compensation Compensation cost is recognized for stock options and stock awards issued to employees and directors, based on the fair value of these awards at the date of grant. A Black ‑Scholes model is utilized to estimate the fair value of stock options, while the market price of the Company’s common stock at the date of grant is used for stock awards. Compensation cost is recognized over the required service period, generally defined as the vesting period. For awards with graded vesting, compensation cost is recognized on a straight ‑line basis over the requisite service period for the entire award. Treasury Stock Treasury stock is stated at cost, which is determined by the first ‑in, first ‑out method. Comprehensive Income Comprehensive income includes all changes in stockholders’ equity during a period, except those resulting from transactions with stockholders. In addition to net income, comprehensive income includes the net effect of changes in the fair value of securities available for sale, net of tax. Comprehensive income is reported in the accompanying consolidated statements of comprehensive income. 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. Business Combinations The Company applies the acquisition method of accounting for business combinations. Under the acquisition method, the acquiring entity in a business combination recognizes 100% of the assets acquired and liabilities assumed at their acquisition date fair values. Management utilizes valuation techniques appropriate for the asset or liability being measured in determining these fair values. Any excess of the purchase price over amounts allocated to assets acquired, including identifiable intangible assets, and liabilities assumed is recorded as goodwill. Where amounts allocated to assets acquired and liabilities assumed is greater than the purchase price, a bargain purchase gain is recognized. Acquisition-related costs are expensed as incurred. Servicing Assets The Company accounts for its servicing assets at amortized cost in accordance with ASC 860, “ Servicing Assets and Liabilities .” The codification requires that servicing rights acquired through the origination of loans, which are sold with servicing rights retained, are recognized as separate assets. Servicing assets are recorded as the difference between the contractual servicing fees and adequate compensation for performing the servicing, and are periodically reviewed and adjusted for any impairment. The amount of impairment recognized, if any, is the amount by which the servicing assets exceed their fair value. Fair value of the servicing assets is estimated using discounted cash flows based on current market interest rates. Servicing rights are amortized in proportion to, and over the period of the related net servicing income. Earnings Per Share Earnings per share (EPS) are based upon the weighted ‑average shares outstanding. The table below sets forth the

Recent Accounting Pronouncement

Recent Accounting Pronouncements	12 Months Ended
	Dec. 31, 2015
Recent Accounting Pronouncements
Recent Accounting Pronouncements	3. Recent Accounting Pronouncements ASU 2016-02 “Leases (Topic 842 ) " is intended to improve the reporting of leasing transactions to provide users of financial statements with more decision-useful information. ASU 2016-02 will require organizations that lease assets to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases. ASU 2016-02 is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted. The Company is in process of evaluating the impact of this pronouncement and have not determined if the topic will have a significant impact on the consolidated financial statements. ASU 2016-01 “ Financial Instruments─Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities” (“ASU 2016-01”) amends certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. ASU 2016-01, among other things, i) requires equity investments, with certain exceptions, to be measured at fair value with changes in fair value recognized in net income, (ii) simplifies the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment, (iii) eliminates the requirement for public business entities to disclose the methods and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet, (iv) requires public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes, (v) requires an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option for financial instruments, (vi) requires separate presentation of financial assets and financial liabilities by measurement category and form of financial asset on the balance sheet or the accompanying notes to the financial statements and (viii) clarifies that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale. This update will be effective for the Company on January 1, 2018. The Company is in process of evaluating the impact of this pronouncement, which is not expected to have a significant impact on the consolidated financial statements. ASU 2015-17 “Income Taxes (Topic 740) ” (“ASU 2015-17”) requires an entity to separate deferred income tax liabilities and assets into current and noncurrent amounts in a classified statement of financial position. Deferred tax liabilities and assets are classified as current or noncurrent based on the classification of the related asset or liability for financial reporting. Deferred tax liabilities and assets that are not related to an asset or liability for financial reporting are classified according to the expected reversal date of the temporary difference. To simplify the presentation of deferred income taxes, the amendments in this Update require that deferred income tax liabilities and assets be classified as noncurrent in a classified statement of financial position. ASU 2015-2017 is effective for fiscal years beginning after December 31, 2016, including interim periods within those fiscal years . The Company has evaluated the impact of this pronouncement and does not expect it to have a significant impact on the consolidated financial statements. ASU 2015-16 “Business Combinations (Topic 805) ” (“ASU 2015-16”) requires that an acquirer retrospectively adjust provisional amounts recognized in a business combination, during the measurement period. To simplify the accounting for adjustments made to provisional amounts, the amendments in the Update require that the acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amount is determined. The acquirer is required to also record, in the same period’s financial statements, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. In addition an entity is required to present separately on the face of the income statement or disclose in the notes to the financial statements the portion of the amount recorded in current-period earnings by line item that would have been recorded in previous reporting periods if the adjustment to the provisional amounts had been recognized as of the acquisition date. ASU 2015-2016 is effective for fiscal years beginning after December 31, 2015, including interim periods within those fiscal years. The Company is in process of evaluating the impact of this pronouncement, which is not expected to have a significant impact on the con solidated financial statements. ASU 2014-04 “Receivables (Topic 310) - Troubled Debt Restructurings by Creditors” (“ASU 2014-04”) amends Topic 310 “Receivables” to clarify the terms defining when an in substance repossession or foreclosure occurs, which determines when the receivable should be derecognized and the real estate property is recognized. ASU 2013-04 is effective for annual periods and interim periods within those annual periods beginning after December 15, 2014. The adoption of this guidance did not have a material impact on the Company’s Consolidated Financial Statements. ASU 2014-09 “ Revenue from Contr acts with Customers (Topic 606)” (“ASU 2014-09” ) implements a common revenue standard that clarifies the principles for recognizing revenue. The core principle of ASU 2014-09 is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU 2014-09 establishes a five-step model which entities must follow to recognize revenue and removes inconsistencies and weaknesses in existing guidance. ASU 2014-09 is effective for annual and interim periods beginning after December 15, 2016. The Company is in process of evaluating the impact of this pronouncement, which is not expected to have a significant impact on the consolidated financial statements. ASU 2014-11 “ Transfers and Servicing (Topic 860 )” (“ASU 2014-11” ) requires that repurchase-to-maturity transactions be accounted for as secured borrowings consistent with the accounting for other repurchase agreements. The amendments to ASU 2014-11 update the accounting for repurchase-to-maturity transactions and link repurchase financings to secured borrowing accounting, which is consistent with the accounting for other repurchase agreements. ASU 2014-11 also requires two new disclosures. The first disclosure requires an entity to disclose information on transfers accounted for as sales that are economically similar to repurchase agreements. The second disclosure provides added transparency about the types of collateral pledged in repurchase agreements and similar transactions accounted for as secured borrowings. ASU 2014-11 is effective for annual and interim periods beginning after December 15, 2014. The adoption of this guidance did not have a material impact on the Company’s Consolidated Financial Statements. ASU 2014-12 “ Compensation - Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved aft er the Requisite Service Period” ("ASU 2014-12") requires that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. ASU 2014-12 is intended to resolve the diverse accounting treatments of these types of awards in practice and is effective for annual and interim periods beginning after December 15, 2015. The Company is in process of evaluating the impact of this pronouncement, which is not expected to have a significant impact on the consolidated financial statements.

Investment Securities

Investment Securities	12 Months Ended
	Dec. 31, 2015
Investment Securities
Investment Securities	4. Investment Securities Debt and equity securities have been classified in the consolidated balance sheets according to management’s intent. The carrying amount of securities and their approximate fair values are as follows: December 31, 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: December 31, 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 52 and 23 at December 31, 2015 December 31, 2014, res pectively . 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 December 31, 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, are shown 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. December 31, 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 years ended December 31, 2015 , 2014 and 2013 were as follows: December 31, 2015 2014 2013 Proceeds from sales $ $ $ Gross realized gains — Gross realized losses — — — The majority of the investment securities sold during 2013 were sold for tax planning purposes. As further explained in Note 11, there was a blanket floating lien on all securities to secure Federal Home Loan Bank advances as of December 31, 2015 and 2014 .

Loans and Allowance for Loan Lo

Loans and Allowance for Loan Losses	12 Months Ended
	Dec. 31, 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: December 31, 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 December 31, 2015 and 2014 is an accretable discount related to loans acquired within a business combination in the approximate amounts of $1,029 and $185 , respectively. The discount is being accreted into income using the interest method over the life of the loans. An institution which has reported loans for construction, land development, and other land loans representing 100% or more of total risk ‑based capital, or total non ‑owner occupied commercial real estate loans representing 300% or more of the institution’s total risk ‑based capital and the outstanding balance of commercial real estate loan portfolio has increased by 50% or more during the prior 36 months, may be identified for further supervisory analysis by regulators to assess the nature and risk posed by the concentration. As of December 31, 2015 , the Company had total commercial real estate loans (CRE) representing 295% of total risk ‑based capital. Included in these amounts, the Company had construction, land development, and other land loans representing 121% of total risk ‑based capital at December 31, 2015 indicating a concentration in commercial real estate lending. Sound risk management practices and appropriate levels of capital are essential elements of a sound commercial real estate lending program. Concentrations of CRE exposures add a dimension of risk that compounds the risk inherent in individual loans. Interagency guidance on CRE concentrations describes sound risk management practices, which include board and management oversight, portfolio management, management information systems, market analysis, portfolio stress testing and sensitivity analysis, credit underwriting standards, and credit risk review functions. At December 31, 2015, Management believes that it has implemented these practices in order to monitor its CRE lending program and that it is in compliance with the requirements and guidance of federal banking agencies including the federal reserve for institutions with concentrations in commercial real estate lending. The majority of the loan portfolio consists 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 December 31, 2015 and 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 interest accrual 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: December 31, December 31, 2015 2014 Real estate: Construction and land $ — $ — Farmland — — 1 - 4 family residential — Multi-family residential — — Nonfarm nonresidential — Commercial Consumer $ $ During the years ended December 31, 2015 and 2014 , interest income not recognized on non ‑accrual loans was minimal. An age analysis of past due loans, aggregated by class of loans, as of December 31, 2015 and 2014 is as follows: December 31, 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 troubled debt restructurings, at December 31, 2015 and 2014 are summarized in the following tables. December 31, 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 years ended December 31, 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 $1,727 and $ 1,677 as of December 31, 2015 and 2014 , respectively . During the years ended December 31, 2015 and 2014 , the terms of certain loans were modified as TDRs as follows: During the year ended December 31, 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 $ $ — $ — $ $ During the year ended December 31, 2014 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 $ $ $ $ — $ — All TDRs are measured individually for impairment. Of the two loans restructured during the year ended December 31, 2015 , both are performing as agreed to the modified terms. A specific allowance for loan losses of $132 is recorded for one of the loans as of December 31, 2015 . One of the two loans is on non-accrual status as of December 31, 2015 . Of the two loans restructured during the year ended December 31, 2014, both are performing as agreed to the modified terms. A specific allowance for loan losses of $2 is recorded for one of the loans as of December 31, 2014. Neither of the two loans were on non-accrual status as of December 31, 2014. Interest income recorded during 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 . There were no loans modified as a troubled debt restructured loan for which there was a payment default during the year ended December 31, 2015 or December 31, 2014 . A default for purposes of this disclosure is a troubled debt restructured loan in which the borrower is 90 days past due or results in the foreclosure and repossession of the applicable collateral. The Company has not committed to lend additional amounts to customers with outstanding loans that were classified as TDRs as of December 31, 2015 or 2014 . Credit Quality Indicators From a credit risk standpoint, the Company classifies its loans in one of 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 impairments. 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 in 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. The following tables summarize the Company’s internal ratings of its loans, including purchased credit impaired loans , as of December 31, 2015 and 2014 : December 31, 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 years ended December 31, 2015 , 2014 and 2013 is as follows: For the For the For the Year Ended Year Ended Year Ended December 31, 2015 December 31, 2014 December 31, 2013 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 was 0.83 % , 0.99% and 1.01% as of December 31, 2015, 2014 and 2013 , respectively. The following tables summarize the activity in the allowance for loan losses by portfolio segment for the years ended December 31, 2015 and 2014 : December 31, 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 $ $ $ $ $ $ The Company’s recorded investment in loans as of December 31, 2015 and 2014 related to the balance in the allowance for loan losses on the basis of the Company’s impairment methodology is as follows: December 31, 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 loans). Accretion on purchased credit impaired loans is based on estimated future cash flows, regardless of contractual maturity. The carrying amount of purchased credit impaired loans as of December 31, 2015 and 2014 was insignificant. Servicing Assets At December 31, 2015 , the Company was servicing loans of approximately $21,659 . A summary of the changes in the related servicing assets are as follows: Year Ended December 31, 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 December 31, 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 December 31, 2015 , there was no valuation allowance recorded During the fiscal year ended December 31, 2015, the Bank sold $6,724 of Small Business Administration loans resulting in a gain of $550 . In connection with the sale, the Bank recorded a servicing asset of $126 .

Bank Premises and Equipment

Bank Premises and Equipment	12 Months Ended
	Dec. 31, 2015
Bank Premises and Equipment.
Bank Premises and Equipment	6. Bank Premises and Equipment Bank premises and equipment in the accompanying consolidated balance sheets are summarized as follows: December 31, 2015 2014 Building and improvements $ $ Leasehold improvements Land Furniture, fixtures and equipment Less accumulated depreciation $ $ The Company recorded depreciation expense of approximately $1 , 040 , $1, 045 and $972 for the years ended December 31, 2 015, 2014 and 2013, respectively.

Non-marketable Equity Securitie

Non-marketable Equity Securities	12 Months Ended
	Dec. 31, 2015
Non-marketable Equity Securities.
Non-marketable Equity Securities	7. Non ‑marketable Equity Securities Investments in non ‑marketable equity securities in the accompanying consolidated balance sheets are summarized as follows: December 31, 2015 2014 Federal Home Loan Bank of Dallas stock $ $ Federal Reserve Bank of Dallas stock Other non-marketable equity securities $ $

Intangible Assets

Intangible Assets	12 Months Ended
	Dec. 31, 2015
Intangible Assets
Intangible Assets	8. Intangible Assets Intangible assets in the accompanying consolidated balance sheets are summarized as follows: December 31, 2015 Weighted Gross Net Amortization Intangible Accumulated Intangible Period Asset Amortization Asset Core deposit intangibles 6.7 years $ $ $ Servicing asset 10.1 years Other intangible assets 5.3 years $ $ $ December 31, 2014 Weighted Gross Net Amortization Intangible Accumulated Intangible Period Asset Amortization Asset Core deposit intangibles 5.0 years $ $ $ Other intangible assets 6.3 years $ $ $ F or the years ended December 31, 2015 , 2014 and 2013 , amortization expense related to intangible assets of approximately $378 , $306 and $308 respectively, is included within amortization of intangibles, occupancy and equipment, and other income within the consolidated statements of income. The estimated aggregate future amortization expense for intangible assets remaining as of December 31, 2015 was as follows: Year Amount 2016 2017 2018 2019 2020 Thereafter $

Goodwill

Goodwill	12 Months Ended
	Dec. 31, 2015
Goodwill.
Goodwill	9. Goodwill Changes in the carrying amount of goodwill are summarized as follows: December 31, 2015 2014 Beginning of year $ $ Effect of acquisitions — Impairment losses — — End of year $ $

Deposits

Deposits	12 Months Ended
	Dec. 31, 2015
Deposits.
Deposits	10. Deposits Deposits in the accompanying consolidated balance sheets are summarized as follows: December 31, 2015 2014 Noninterest-bearing demand accounts $ $ Interest-bearing demand accounts Savings accounts Limited access money market accounts Certificates of deposit, greater than $100 Certificates of deposit, less than $100 Total $ $ As of December 31, 2015 , the scheduled maturities of certificates of deposit were as follows: Year Amount 2016 $ 2017 2018 2019 2020 Total $ The aggregate amount of demand deposit overdrafts that have been reclassified as loans was $63 and $50 as of December 31, 2015 and 2014 , respectively. Brokered deposits at December 31, 2015 and 2014 totaled approximately $80,841 and $4,940 , respectively.

Advances from the Federal Home

Advances from the Federal Home Loan Bank	12 Months Ended
	Dec. 31, 2015
Advances from the Federal Home Loan Bank
Advances from the Federal Home Loan Bank	11. Advances from the Federal Home Loan Bank Advances from the Federal Home Loan Bank totaled $28,444 and $40,000 at December 31, 2015 and 2014 , respectively. As of December 31, 2015 , the advances were collateralized by a blanket floating lien on certain securities and loans, had a weighted average rate of 0.92% and mature on various dates during 2016, 2017, 2018 and 2022. The Company had the availability to borrow additional funds of approximately $ 300,475 as of December 31, 2015. Contractual maturities of FHLB advances at December 31, 2015 were as follows : 2016 $ 2017 2018 2019 - 2020 - Thereafter Total $

Other Credit Extensions

Other Credit Extensions	12 Months Ended
	Dec. 31, 2015
Other Credit Extensions
Other Credit Extensions	12. Other Credit Extensions As of December 31, 2015 and 2014 , the Company maintained two credit facilities with commercial banks which provide federal funds credit extensions with an availability to borrow up to an aggregate amount of approximately $14,600 . There were no borrowings against these lines as of December 31, 2015 or 2014 . As of December 31, 2015 and 2014 , the Company maintained a secured line of credit with the Federal Reserve Bank with an availability to borrow approximately $152,235 and $ 164,026 , respectively. Approximately $ 208,677 and $ 201,210 of commercial loans were pledged as collateral at December 31, 2015 and 2014 , respectively. There were no borrowings against this line as of December 31, 2015 or 2014 .

Junior Subordinated Debentures

Junior Subordinated Debentures and Subordinated Notes	12 Months Ended
	Dec. 31, 2015
Junior Subordinated Debentures and Subordinated Notes
Junior Subordinated Debentures and Subordinated Notes	13. Junior Subordinated Debentures and Subordinated Notes Junior subordinated debentures and subordinated notes in the accompanying consolidated balance sheets are as follows: December 31, 2015 2014 Junior subordinated debentures(1) $ $ Subordinated notes(2) $ $ (1) Trust Securities with a rate of LIBOR plus 1.85% debentures payable to Parkway National Capital Trust 1 with stated maturity of 2036 . (2) Unsecured notes with a fixed rate of 6% payable to entities of an affiliate with stated maturity of 2023 (less discount of $17 and $19 as of December 31, 2015 and 2014, respectively. Junior Subordinated Debentures In connection with the acquisition of Fidelity Resource Company during 2011, the Company assumed $3 ,093 in fixed/floating rate junior subordinated debentures underlying common securities and preferred capital securities, or the Trust Securities, issued by Parkway National Capital Trust I (“Trust”) , a statutory business trust and acquired wholly ‑owned subsidiary of the Company. The Company assumed the guarantor position and as such, unconditionally guarantees payment of accrued and unpaid distributions required to be paid on the Trust Securities subject to certain exceptions, the redemption price when a capital security is called for redemption and amounts due if a trust is liquidated or terminated. The Company owns all of the outsta nding common securities of the Trust. The T rust used the proceeds from the issuance of its Trust Securities to buy the debentures originally issued by Fidelity Resource Com pany. These debentures are the T rust’s only assets and the interest payments from the debentures finance the distributions paid on the Trust Securities. The Trust Securities pay cumulative cash distributions quarterly at a rate per annum equal to the 3-month LIBOR plus 1.85% percent. So long as no event of default leading to an acceleration event has occurred, the Company has the right at any time and from time to time during the term of the debenture to defer payments of interest by extending the interest distribution period for up to twenty consecutive quarterly periods. The effective rate as of December 31, 2015 and 2014 was 2.18% and 2.09% , respectively. The Trust Securities are subject to mandatory redemption in whole or in part, upon repayment of the debentures at the stated maturity in the year 2036 or their earlier redemption, in each case at a redemption price equal to the aggregate liquidation preference of the Trust Securities plus any accumulated and unpaid distributions thereon to the date of redemption. Prior redemption is permitted under certain circumstances. The Trust Securities qualify as Tier 1 capital, subject to regulatory limitations, under guidelines established by the Federal Reserve. Subordinated Notes During 2013 the Company issued, in the aggregate principal amount of $5,000 , subordinated promissory notes (Notes) via a private offering. The Notes were issued to certain entities controlled by an affiliate of the Company for the purpose of using the proceeds to support the growth of the Company. The Notes are unsecured, with interest payable quarterly at a fixed rate of 6% per annum, and unpaid principal and interest due at the stated maturity in the year 2023. The Notes qualify as Tier 2 Capital, subject to regulatory limitations, under guidelines established by the Federal Reserve. In addition, the Notes may be redeemed in whole or in part on any interest payment date that occurs on or after December 23, 2018 subject to approval of the Federal Reserve in compliance with applicable statu t es and regulations. In connection with the issuance of the Notes, the Company issued warrants to purchase 25,000 shares of common stock of the Company at $11 per share, exercisable at any time, in whole or in part, prior to December 31, 2023. The fair value of the warrants was calculated at $0.80 and is recorded as additional paid ‑in capital and the related debt discount is being accreted into interest expense.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2015
Income Taxes
Income Taxes	14. Income Taxes The provision for income taxes is summarized as follows: Year Ended December 31, 2015 2014 2013 Income tax expense (benefit): Current $ $ $ Deferred $ $ $ The table below reconciles income tax expense for the years ended December 31, 2015 , 2014 and 2013 computed by applying the applicable U.S. Federal statutory income tax rate, reconciled to the tax expense computed at the effective income tax rate: Year Ended December 31, 2015 2014 2013 Federal income tax expense rate at 34% $ $ $ Stock option expense — — Bank-owned life insurance income Non-deductible dues and memberships Non-deductible meals and entertainment Recognition of deferred tax asset related to non-qualified stock options (1) — — Other Total income tax expense $ $ $ Effective tax rate % % % (1) Discrete tax item. 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. Significant components of the Company’s deferred tax assets and liabilities are as follows: December 31, December 31, 2015 2014 Deferred tax assets: Net operating loss $ $ - Organizational costs Allowance for loan losses Deferred loan fees Non-accrual interest Capital loss carryforward FHLB Borrowing - Deferred rent expenses Restricted stock Stock options Accrued bonuses Other Total deferred tax assets Deferred tax liabilities: Net unrealized (loss) gain on securities available for sale Core deposit intangibles FHLB stock dividends Bank premises and equipment Total deferred tax liabilities Net deferred tax asset $ $ Included in the accompanying consolidated balance sheets as of December 31, 2015 is a current tax liability of $ 488 in accrued interest payable and other liabilities and a net deferred tax asset of $1, 532 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. For federal income tax purposes, the Company has a net operating loss carry-forward of approximately $488 that will expire beginning in 20 30.

Commitment and Contingencies

Commitment and Contingencies	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies
Commitments and Contingencies	15. 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 expiring in various years through 2022. Minimum future rental payments under these non ‑cancelable operating leases as of December 31, 2015 for each of the next five years and in the aggregate are: Year End December 31, Amount 2016 $ 2017 2018 2019 2020 Thereafter Total $ The Company acquired an executed sublease for a portio n the rentable space at one of the acquired IBT branch locations which expires in February 2017. The total of minimum sublease rentals to be received in the future under this non-cancelable sublease is approximately $6 9 . Rental expense was approximately $ 1,399 , $1, 468 and $1 ,353 for the years ended December 31, 2015 , 2014 and 2013 , respectively. Rental income was approximately $30 for the year ended December 31, 2015. There was no rental income for the years ended December 31, 2014 or 2013. Certain of the operating leases above provide for renewal options at their fair value at the time of renewal. In the normal course of business, operating leases are generally renewed or replaced by other leases.

Other Non-interest Expense

Other Non-interest Expense	12 Months Ended
	Dec. 31, 2015
Other Non-interest Expense
Other Non-interest Expense	16. Other Non-interest Expense Significant components of the Company’s other non-interest expense are as follows: For the Year Ended December 31, 2015 2014 2013 Business development $ $ $ Office and postage Insurance Security Travel Training Other Total $ $ $

Fair Value Disclosures

Fair Value Disclosures	12 Months Ended
	Dec. 31, 2015
Fair Value Disclosures
Fair Value Disclosures	17. 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 bonds and mortgage ‑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 December 31, 2015 and 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 December 31, 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 December 31, 2015 and 2014 . There were no transfers between Level 2 and Level 3 during the years ended December 31, 2015 and 2014 . Certain assets and liabilities are m easured 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 comparisons 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 m easured at fair value on a non ‑ recurring basis as of December 31, 2015 and 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 December 31, 2015 Assets: Impaired loans $ — $ — $ $ Other real estate owned $ — $ — $ — $ — As of December 31, 2014 Assets: Impaired loans $ — $ — $ $ Other real estate owned $ — $ — $ $ At December 31, 2015 , impaired loans had a carrying value of $2,379 with $193 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. The Company records other real estate at fair value less estimated costs to sell at the date of foreclosure. After foreclosure, other real estate is carried at the lower of the initial carrying amount (fair value less estimated costs to sell or lease), or at the value determined by subsequent appraisals or internal valuations of the other real estate. There were no other real estate properties recorded at fair value at December 31, 2015. Other real estate owned properties recorded at fair value were approximately $ 50 at December 31, 20 1 4 . There were no liabilities measured at fair value on a non ‑recurring basis as of December 31, 2015 and 2014 . For Level 3 financial assets measured at fair value as of December 31, 2015 and 2014 , the significant unobservable inputs used in the fair value measurements were as follows: December 31, 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 their 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 the estimates 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 estimation 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. Bank ‑owned life insurance: The carrying amounts of bank ‑owned life insurance approximate their fair value. Servicing Assets: Fair value of the servicing assets is estimated using discounted cash flows based on current market interest rates. 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 (CDs) 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 consolidated financial statements. The estimated fair values and carrying values of all financial instruments under current authoritative guidance as of December 31, 2015 and 2014 were as follows: December 31, December 31, 2015 2014 Carrying Fair Carrying Fair Amount Value Amount Value Financial assets: Level 2 inputs: Cash and cash equivalents $ $ $ $ Investment securities 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	12 Months Ended
	Dec. 31, 2015
Financial Instruments with Off-Balance Sheet Risk Disclosure [Abstract]
Financial Instruments with Off-Balance Sheet Risk	18. 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 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 December 31, 2015 and 2014 : December 31, 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	12 Months Ended
	Dec. 31, 2015
Employee Benefits
Employee Benefits	19. 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 contributions. No matching contributions to the Plan were made for the years ending December 31, 2015 and 2014 . ESOP Effective January 1, 2012, the Company adopted the 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. In December 2015, the company received a $109 debt payment from the ESOP and released 8,942 shares from collateral. The released shares were allocated to employee 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 consolidated statements of income for years ended December 31, 2015 , 2014 and 201 3 was approximately $154 , $150 and $120 , respectively. The following is a summary of the ESOP shares as of December 31, 2015 and December 31, 2014 . December 31, December 31, 2015 2014 Allocated shares Unearned shares Total ESOP shares Fair value of unearned shares $ $

Stock and Incentive Plans

Stock and Incentive Plans	12 Months Ended
	Dec. 31, 2015
Stock and Incentive Plans
Stock and Incentive Plans	20. 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 2010 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 year ended December 31, 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 year ended December 31, 2014 , the Company awarded 30,000 non-performance ‑based stock options and 50,000 performance ‑based stock options. During the year ended December 31, 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 years ended December 31, 2015 , 2014 and 2013 , approximately $224 , $329 and $323 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 Year Ended December 31, 2015 2014 Dividend yield — % — % Expected life — 6.5 to 6.9 years Expected volatility — % % Risk-free interest rate — % 2.54 to 2.85 % 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 at December 31, 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 $ 5.56 years — $ — — Options exercisable at end of period $ 5.41 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 Cancelled — — Exercised during the period — — — — Outstanding at the end of period $ 6.58 years — $ — — Options exercisable at end of period $ 6.37 years — $ — — Weighted average fair value of options granted during the period $ $ As of December 31, 2015 and 2014 , the aggregate intrinsic value was $ 1,971 and $1,42 0 , respectively , for outstanding non-performance ‑based stock options and $1,4 62 and $7 80 , respectively, for exercisable non-performance ‑based stock options. There were no performance ‑based stock options outstanding or exercisable a s of December 31, 2015 or December 31, 2014 . As of December 31, 2015 and 2014 , there was approximately $51 and $230 , respectively, of unrecognized compensation expense related to non-performance ‑based stock options. The unrecognized compensation expense as of December 31, 2015 is expected to be recognized over the remaining weighted average requisite service period of 0.86 years. As of December 31, 2015 there was no unrecognized compensation expense related to performance-based options. A summary of the status of the Company’s restric ted stock units under the 2010 Incentive P lan as of December 31, 2015 and 2014 , and changes during the years 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 December 31, $ $ As of December 31, 2015 and 2014 , there was $174 and $286 , respectively, of total unrecognized compensation expense related to non-vested restricted stock units. The compensation expense as of December 31, 2015 is expected to be recognized over the remaining weighted average requisite service period of 1.62 years. 2014 Omnibus Plan In September 2014, the Company adopt ed an omnibus incentive plan ( the “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 is 1,000,000 . The Company granted 52,080 options and 33,474 restricted stock units to its employees and directors during the year ended December 31, 2015 under the 2014 Omnibus Plan. O f the options awarded , 44,080 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. O f the restricted stock units awarded , 25,474 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 restricted stock units do not include market conditio ns and vest equally over a five - year period from the date of grant. During the year ended December 31, 2014, 89,903 restricted stock units were granted to employees and directors under the 2014 Omnibus Plan. There were no options awarded to employees or directors in 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 Year Ended December 31, 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 December 31, 2015 , and changes during the year 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 $ 9.12 years Options exercisable at end of period — $ — — Weighted average fair value of options granted during the period $ 2015 2014 Restricted Stock Units Restricted Stock Units Weighted Weighted Average Average Grant Date Grant Date Shares Fair Value Shares Fair Value Nonvested at January 1, $ — $ — Granted during the year Vested during the year Forfeited during the year — — Nonvested at December 31, $ $ As of December 31, 2015, the aggregate intrinsic value was $97 for outstanding stock options under the 2014 Omnibus P lan. There were no outstanding stock options under the Omnibus plan at December 31, 2014. For the year ended December 31, 2015 , compensation expense for awards granted under the 2014 Omnibus Plan was approximately $83 and $326 for options and restricted stock units, respectively. For the year ended December 31, 2014 , compensation expense for awards granted under the 2014 Omnibus Plan was approximately $0 and $126 for options and restricted stock units, respectively . There was no compensation expense in 2013 related to the 2014 Omnibus Plan. As of December 31, 2015 and 2014 there was $979 and $922 of total unrecognized compensation expense related to restricted stock units awarded under the 2014 Omnibus Plan, respectively. As of December 31, 2015 and 2014 there was $187 and $0 of total unrecognized compensation expense related to stock options awarded under the 2014 Omnibus Plan, respectively. As of December 31, 2015 t he compensation expense related to these restricted stock units and options is expected to be recognized over the remaining weighted average requisite service period of 3.50 and 2 . 42 years, respectively.

Significant Concentrations of C

Significant Concentrations of Credit Risk	12 Months Ended
	Dec. 31, 2015
Significant Concentrations of Credit Risk
Significant Concentrations of Credit Risk	21. 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.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2015
Related Party Transactions
Related Party Transactions	22. Related Party Transactions In the ordinary course of business, the Company has and expects to continue to have transactions, including borrowings, with its employees, officers, directors and their affiliates. In the opinion of management, such transactions are on the same terms, including interest rates and collateral requirements, as those prevailing at the time for comparable transactions with unaffiliated persons. The aggregate amounts of such loans were approximately $8,371 and $11,353 as of December 31, 2015 and 2014 , respectively. During the year ended December 31, 2015 , new advances of approximately $6,100 were made with approximately $9,0 82 principal payments received. During the year ended December 31, 2014 , new advances of approximately $2,745 were made with approximately $8,095 principal payments received. There were $3,425 and $228 in unfunded commitments to related parties as of December 31, 2015 and 2014 , respectively. Deposits received from related parties as of December 31, 2015 and 2014 totaled approximately $29,892 and $17,303 , respectively. As disclosed in Note 13, the Company issued $5,000 in subordinated notes to two entities controlled by a certain affiliate of the Company.

Preferred Stock

Preferred Stock	12 Months Ended
	Dec. 31, 2015
Preferred Stock Disclosure [Abstract]
Preferred Stock	23. 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, 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 Secretary of the Treasury for a purchase price of $8,000 . The issuance was pursuant to the SBLF 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 qualified as Tier 1 capital and paid 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 1.00% . For the tenth calendar quarter through 4.5 years after issuance, the dividend rate will be fixed and as of December 22, 2015 was set at 1.00% based upon the increase in QBSL as compared to the baseline. 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. On December 22, 2015, the Company redeemed all 8,000 shares of SBLF Preferred Stock at its liquidation value of $1 ,000 per share plus accrued dividends for a total redemption amount of $8,018 . The redemption was approved by the Company’s primary federal regulator and was funded with the Company’s surplus capital. Immediately after the redemption, the Company’s capital ratios exceeded those levels necessary to be categorized as “well capitalized” under the regulatory framework for prompt corrective action. The redemption terminates the Company’s participation in the SBLF program.

Capital Requirements and Restri

Capital Requirements and Restrictions on Retained Earnings	12 Months Ended
	Dec. 31, 2015
Capital Requirements and Restrictions on Retained Earnings Disclosure [Abstract]
Capital Requirements and Restrictions on Retained Earnings	24. 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 to be fully phased in by January 1, 2019. Starting in January 2016, the implementation of the capital conservation buffer will be effective for the Company starting at the 0.625% level and increasing 0.625% each year thereafter, until it reaches 2.5% on January 1, 2019. The capital conservation buffer is designed to absorb losses during periods of economic stress and effectively increases the minimum required risk-weighted capital ratios. 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 , CET1 and Tier 1 capital (as defi ned 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 December 31, 2015 and December 31, 2014 that the Bank met all capital adequacy requirements to which it was subject. As of December 31, 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, CET1, Tier 1 risk ‑based and Tier 1 leverage ratios as set forth in the table. There are no conditions or events since December 31, 2015 that management believes have changed the Company’s category. 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 December 31, 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 $ % ≥ $ ≥ % ≥ $ ≥ % Common equity tier 1 to risk-weighted assets Company $ n/a n/a % ≥ $ n/a ≥ n/a % ≥ n/a ≥ n/a Bank $ n/a n/a % ≥ $ n/a ≥ n/a % ≥ $ n/a ≥ n/a % Tier 1 capital (to average assets) Company $ % ≥ $ ≥ % ≥ n/a ≥ n/a Bank $ % ≥ $ ≥ % ≥ $ ≥ %

Business Combinations

Business Combinations	12 Months Ended
	Dec. 31, 2015
Business Combinations [Abstract]
Business Combinations	25. 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 willing 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 core 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. 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. During the three months ended December 31, 2015, the Company made certain measurement-period adjustments to previous purchase accounting estimates for the July 1, 2015 acquisition of IBT. The differences from estimated values resulted from completion of the valuations. Fair values of the assets acquired and liabilities assumed in this transaction as of the closing date and subsequent measurement period adjustments are presented as follows: Assets of acquired bank: Initially Recorded at Acquisition Date Measurement Period Adjustments Final Recorded Value Cash and cash equivalents $ $ — $ Securities available for sale — Loans Bank premises, furniture and equipment (1) — 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 $ $ — $ 1 (1) Included within bank premises, furniture and equipment is building and land at fair values of $3,310 and $1,490 , respectively.

Parent Company Only Financial S

Parent Company Only Financial Statements	12 Months Ended
	Dec. 31, 2015
Parent Company Only Financial Statements
Parent Company Only Financial Statements	26. Parent Company Only Financial Statements The following balance sheets, statements of income and statements of cash flows for Veritex Holdings, Inc. should be read in conjunction with the consolidated financial statements and the notes thereto. Balance Sheets December 31, 2015 2014 Assets Cash and cash equivalents $ $ Investment in subsidiaries Other assets Total assets $ $ Liabilities and Stockholders’ Equity Other liabilities $ $ Other borrowings Total liabilities Stockholders’ equity Preferred stock — Common stock Additional paid-in capital Retained earnings Unallocated employee stock ownership plan shares Accumulated other comprehensive income Treasury stock Total stockholders’ equity Total liabilities and stockholders’ equity $ $ Statements of Income Year Ended December 31, 2015 2014 Interest income: Other $ $ Interest expense: Interest on borrowings Net interest expense Noninterest expense: Salaries and employee benefits Professional fees Other Total noninterest expense Loss before income tax benefit and equity in undistributed Income of subsidiaries Income tax benefit Income before equity in undistributed income of subsidiaries Equity in undistributed income of subsidiaries Net income $ $ Statements of Cash Flows Year Ended December 31, 2015 2014 Cash flows from operating activities: Net income $ $ Adjustments to reconcile net income to net cash (used in) provided by operating activities: Amortization of debt costs Equity in undistributed net income of Bank Decrease in other assets Decrease in other liabilities Net cash used in operating activities Cash flows from investing activities: Net cash paid in acquisition — Capital investment in subsidiaries — Net cash used in investing activities Cash flows from financing activities: Sale of common stock in initial public offering, net of offering cost of $4,574 — Proceeds from issuance of common stock, net — Proceeds from exercise of employee stock options — Redemption of SBLF preferred stock series C — Proceeds from payments on ESOP loan Offering costs paid in connection with acquisition — Dividends paid on preferred stock Net cash provided by financing activities Net increase in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year $ $

Summary of Significant Accoun35

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2015
Summary of Significant Accounting Policies
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements include the accounts of Veritex and its wholly ‑owned subsidiary, Veritex Community Bank, formerly known as Veritex Community Bank, National Association. The accounting principles followed by the Company and the methods of applying them are in conformity with U.S. generally accepted accounting principles (“GAAP”) and prevailing practices of the banking industry. All material intercompany transactions have been eliminated upon consolidation.
Accounting Standards Codification	Accounting standards codification The Financial Accounting Standards Board’s (FASB) Accounting Standards Codification (ASC) is the officially recognized source of authoritative GAAP applicable to all public and non-public non-governmental entities. Rules and interpretive releases of the SEC under the authority of federal securities laws are also sources of authoritative GAAP for SEC registrants. All other accounting literature is considered non-authoritative. Citing particular content in the ASC involves specifying the unique numeric path to the content through the Topic, Subtopic, Section and Paragraph structure.
Segment Reporting	Segment Reporting The Company has one reportable segment. All of the Company’s activities are interrelated, and each activity is dependent and assessed based on how each of the activities of the Company supports the others. For example, lending is dependent upon the ability of the Company to fund itself with deposits and borrowings while managing the interest rate and credit risk. Accordingly, all significant operating decisions are based upon analysis of the Bank as one segment or unit. The Company’s chief operating decision-maker, the CEO, uses the consolidated results to make operating and strategic decisions.
Reclassifications	Reclassifications Certain prior period amounts have been reclassified to conform to the 2015 financial statement presentation. These reclassifications only changed the reporting categories and did not affect the consolidated results of operations , cash flows from operating, investing, or investment activities, or consolidated financial position.
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 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 25 – Business Combinations for further information regarding the acquisition.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements. Actual results could differ from those estimates. The allowance for loan losses, the fair values of financial instruments, including investment securities available for sale and loans held for sale, and the status of contingencies are particularly susceptible to significant change in the near term.
Cash and Cash Equivalents	Cash and Cash Equivalents For the purposes of reporting cash flows, cash and cash equivalents include cash on hand, amounts due from banks and federal funds sold. The Bank maintains deposits with other financial institutions in amounts that exceed federal deposit insurance coverage. Furthermore, federal funds sold are essentially uncollateralized loans to other financial institutions. Management regularly evaluates the credit risk associated with the counterparties to these transactions and believes that the Company is not exposed to any significant credit risks on cash and cash equivalents. Cash and cash equivalents include interest-bearing deposits in other banks of $60.6 million and $84.0 million, at December 31, 2015 and 2014, respectively.
Restrictions on cash	Restrictions on cash The Bank is required to maintain regulatory reserve balances with the Federal Reserve Bank. The reserve balances required as of December 31, 2015 and 2014 were approximately $28,100 and $ 23,365, respectively.
Investment Securities	Investment Securities Securities are classified as held to maturity and carried at amortized cost when management has the positive intent and ability to hold them until maturity. Securities to be held for indefinite periods of time are classified as available for sale and carried at fair value, with the unrealized holding gains and losses reported in other comprehensive income, net of tax. Management determines the appropriate classification of securities at the time of purchase. Interest income includes amortization of purchase premiums and discounts. Realized gains and losses are derived from the amortized cost of the security sold. Credit related declines in the fair value of available for sale securities below their cost that are deemed to be other than temporary are reflected in earnings as realized losses, with the remaining unrealized loss recognized as a component of other comprehensive income. In estimating other ‑than ‑temporary impairment losses, management considers, among other things, (i) the length of time and the extent to which the fair value has been less than cost, (ii) the financial condition and near ‑term prospects of the issuer, and (iii) the intent and ability of the Company to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value. For the years ended December 31, 2015, 2014 and 2013 there were no other-than-temporary impairment losses reflected in earnings as realized losses.
Loans Held for Sale	Loans Held for Sale Loans held for sale consist of certain mortgage loans originated and intended for sale in the secondary market and are carried at the lower of cost or estimated fair value on an individual loan basis. Net unrealized losses, if any, are recognized through a valuation allowance by charges to income. The Company obtains commitments to purchase the loans from the secondary market investors prior to closing of the loans. Loans held for sale are sold with servicing released. Gains and losses on sales of loans held for sale are based on the difference between the selling price and the carrying value of the related loan sold.
Loans and Allowance for Loan Losses	Loans and Allowance for Loan Losses Loans, excluding certain purchased loans that have shown evidence of deterioration since origination as of the date of the acquisition, that management has the intent and ability to hold for the foreseeable future or until maturity or pay ‑off are stated at the amount of unpaid principal, reduced by unearned income and an allowance for loan losses. Interest on loans is recognized using the effective ‑interest method on the daily balances of the principal amounts outstanding. Fees associated with the origination of loans and certain direct loan origination costs are netted and the net amount is deferred and recognized over the life of the loan as an adjustment of yield. The accrual of interest on loans is discontinued when there is a clear indication that the borrower’s cash flow may not be sufficient to meet payments as they become due, which is generally no later than when a loan is 90 days past due. When a loan is placed on non-accrual status, all previously accrued and unpaid interest is reversed. Interest income is subsequently recognized on a cash basis as long as the remaining book balance of the asset is deemed to be collectible. If collectability is questionable, then cash payments are applied to principal. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured in accordance with the terms of the loan agreement. The allowance for loan losses is an estimated amount management believes is adequate to absorb inherent losses on existing loans that may be uncollectible based upon review and evaluation of the loan portfolio. Management’s periodic evaluation of the allowance is based on general economic conditions, the financial condition of borrowers, the value and liquidity of collateral, delinquency, prior loan loss experience, and the results of periodic reviews of the portfolio. The allowance for loan losses is comprised of two components: the general reserve and specific reserves. The general reserve is determined in accordance with current authoritative accounting guidance. The Company’s calculation of the general reserve considers historical loss rates for the last three years adjusted for qualitative factors based upon general economic conditions and other qualitative risk factors both internal and external to the Company. Such qualitative factors include current local economic conditions and trends including unemployment, changes in lending staff, policies and procedures, changes in credit concentrations, changes in the trends and severity of problem loans and changes in trends in volume and terms of loans. These qualitative factors serve to compensate for additional areas of uncertainty inherent in the portfolio that are not reflected in the Company’s historic loss factors. For purposes of determining the general reserve, the loan portfolio, less cash secured loans, government guaranteed loans and impaired loans, is multiplied by the Company’s adjusted historical loss rate. Specific reserves are determined in accordance with current authoritative accounting guidance based on probable losses on specific classified loans. The allowance for loan losses is increased by charges to income and decreased by charge ‑offs (net of recoveries). Due to the growth of the Bank over the past several years, a portion of the loans in its portfolio and its lending relationships are of relatively recent origin. The new loan portfolios have limited delinquency and credit loss history and have not yet exhibited an observable loss trend. The credit quality of loans in theses loan portfolios are impacted by delinquency status and debt service coverage generated by the borrowers’ business and fluctuations in the value of real estate collateral. Management considers delinquency status to be the most meaningful indicator of the credit quality of one ‑to ‑four single family residential, home equity loans and lines of credit and other consumer loans. In general, loans do not begin to show signs of credit deterioration or default until they have been outstanding for some period of time, a process the Company refers to as “seasoning.” As a result, a portfolio of older loans will usually behave more predictably than a portfolio of newer loans. Because the majority of the portfolio is relatively new, the current level of delinquencies and defaults may not be representative of the level that will prevail when the portfolio becomes more seasoned, which may be higher than current levels. Delinquency statistics are updated at least monthly. Internal risk ratings are considered the most meaningful indicator of credit quality for new commercial, construction, and commercial real estate loans. Internal risk ratings are a key factor in identifying loans that are individually evaluated for impairment and impact management’s estimates of loss factors used in determining the amount of the allowance for loan losses. Internal risk ratings are updated on a continuous basis. Loans are considered impaired when, based on current information and events, 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. If a loan is impaired, a specific valuation allowance is allocated, if necessary. 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. Impaired loans, or portions thereof, are charged off when deemed uncollectible. The Company’s policy requires measurement of the allowance for an impaired collateral dependent loan based on the fair value of the collateral. Other loan impairments are measured based on the present value of expected future cash flows or the loan’s observable market price. At December 31, 2015 and 2014 , all significant impaired loans have been determined to be collateral dependent and the allowance for loss has been measured utilizing the estimated fair value of the collateral. From time to time, the Company modifies its loan agreement with a borrower. A modified loan is considered a troubled debt restructuring when two conditions are met: (i) the borrower is experiencing financial difficulty and (ii) concessions are made by the Company that would not otherwise be considered for a borrower with similar credit risk characteristics. Modifications to loan terms may include a lower interest rate, a reduction of principal, or a longer term to maturity. All troubled debt restructurings are considered impaired loans. The Company reviews each troubled debt restructured loan and determines on a case by case basis if a specific allowance for loan loss is required. An allowance for loan loss allocation is based on either the present value of estimated future cash flows or the estimated fair value of the underlying collateral. The Company has certain lending policies and procedures in place that are designed to maximize loan income with an acceptable level of risk. Management reviews and approves these policies and procedures on a regular basis and makes changes as appropriate. Management receives frequent reports related to loan originations, quality, concentrations, delinquencies, non ‑performing and potential problem loans. Diversification in the loan portfolio is a means of managing risk associated with fluctuations in economic conditions, both by type of loan and geography. Commercial loans are underwritten after evaluating and understanding the borrower’s ability to operate profitably and effectively. Underwriting standards are designed to determine whether the borrower possesses sound business ethics and practices and to evaluate current and projected cash flows to determine the ability of the borrower to repay their obligations as agreed. Commercial loans are primarily made based on the identified cash flows of the borrower and, secondarily, on the underlying collateral provided by the borrower. Most commercial loans are secured by the assets being financed or other business assets, such as accounts receivable or inventory, and include personal guarantees. Real estate loans are also subject to underwriting standards and processes similar to commercial loans. These loans are underwritten primarily based on projected cash flows and, secondarily, as loans secured by real estate. The repayment of real estate loans is generally largely dependent on the successful operation of the property securing the loans or the business conducted on the property securing the loan. Real estate loans may be more adversely affected by conditions in the real estate markets or in the general economy. The properties securing the Company’s real estate portfolio are generally diverse in terms of type and geographic location, throughout the Dallas metropolitan area. This diversity helps reduce the exposure to adverse economic events that affect any single market or industry. The Company utilizes methodical credit standards and analysis to supplement its policies and procedures in underwriting consumer loans. The Company’s loan policy addresses types of consumer loans that may be originated and the collateral, if secured, which must be perfected. The relatively smaller individual dollar amounts of consumer loans that are spread over numerous individual borrowers also minimizes the Company’s risk.
Certain Acquired Loans	Certain Acquired Loans As part of business acquisitions, the Company evaluated each of the acquired loans under ASC 310 ‑30 to determine whether (i) there was evidence of credit deterioration since origination, and (ii) it was probable that the Company would not collect all contractually required payments receivable. The Company determined the best indicator of such evidence was an individual loan’s payment status and/or whether a loan was determined to be classified based on a review of each individual loan. Therefore, generally each individual loan that should have been or was on non ‑accrual at the acquisition date and each individual loan that was deemed impaired were included subject to ASC 310 ‑30 accounting. These loans were recorded at the discounted expected cash flows of the individual loan. Loans which were evaluated under ASC 310 ‑30, and where the timing and amount of cash flows can be reasonably estimated, were accounted for in accordance with ASC 310 ‑30 ‑35. The Company applies the interest method for these loans under this subtopic and the loans are excluded from non ‑accrual. If, at acquisition, the Company identified loans that they could not reasonably estimate cash flows or, if subsequent to acquisition, such cash flows could not be estimated, such loans would be included in non ‑accrual and accounted for under the cost recovery method. These acquired loans are recorded at the allocated fair value, such that there is no carryover of the seller’s allowance for loan losses. Such acquired loans are accounted for individually. The Company estimates the amount and timing of expected cash flows for each purchased loan, and the expected cash flows in excess of the allocated fair value is recorded as interest income over the remaining life of the loan (accretable yield). The excess of the loan’s contractual principal and interest over expected cash flows is not recorded (non ‑accretable difference). Over the life of the loan, expected cash flows continue to be estimated. If the present value of expected cash flows is less than the carrying amount, a loss is recorded through the allowance for loan losses. If the present value of expected cash flows is greater than the carrying amount, any related allowance for loan loss is reversed, with the remaining yield being recognized prospectively through interest income. Loans to which ASC 310-30 accounting is applied are deemed purchased credit impaired (“PCI”) loans.
Transfers of Financial Assets	Transfers of Financial Assets Transfers of financial assets (generally consisting of sales of loans held for sale and loan participations with unaffiliated banks) are accounted for as sales, when control over the assets has been relinquished. Control over transferred assets is deemed to be surrendered when the assets have been isolated from the Company, the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity.
Bank Premises and Equipment	Bank Premises and Equipment Buildings and improvements, furniture and equipment are carried at cost less accumulated depreciation computed using the straight ‑line method over the estimated useful lives of the respective assets as follows: Buildings and improvements 10 - 40 years Leasehold improvements Term of lease Furniture and equipment 3 - 10 years Major replacements and betterments are capitalized while maintenance and repairs are charged to expense when incurred. Gains or losses on dispositions are reflected in operations as incurred.
Non-Marketable Equity Securities	Non ‑Marketable Equity Securities The Bank is a member of its regional Federal Reserve Bank (FRB) and of the Federal Home Loan Bank system (FHLB). FHLB members are required to own a certain amount of stock based on the level of borrowings and other factors, and may invest in additional amounts. Both FRB and FHLB stock are carried at cost, restricted for sale, and periodically evaluated for impairment based on ultimate recovery of par value. Both cash and stock dividends are reported as income. Other non ‑marketable equity securities are carried at cost which approximates fair value.
Other Real Estate Owned	Other Real Estate Owned Other real estate owned represents properties acquired through or in lieu of loan foreclosure and are initially recorded at fair value less estimated costs to sell. At foreclosure, if the fair value, less estimated costs to sell, of the real estate acquired is less than the Bank’s recorded investment in the related loan, a write ‑down is recognized through a charge to the allowance for loan losses. Any subsequent reduction in value is recognized by a charge to income. Operating and holding expenses of such properties, net of related income, and gains and losses on their disposition are included in noninterest expense.
Bank-Owned Life Insurance	Bank ‑Owned Life Insurance The Company has purchased life insurance policies on certain employees. These bank ‑owned life insurance (BOLI) policies are recorded in the accompanying consolidated balance sheets at their cash surrender values. Income from these policies and changes in the cash surrender values are recorded in noninterest income in the accompanying consolidated statements of income.
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill resulting from a business combination represents the excess of the fair value of the consideration transferred over the fair value of the net assets acquired and liabilities assumed as of the acquisition date. Goodwill is not amortized but is reviewed for potential impairment annually on December 31 or when a triggering event occurs. The Company’s goodwill test involves a two ‑step process. Under the first step, the estimation of fair value of the reporting unit is compared to its carrying value including goodwill. If step one indicates a potential impairment, the second step is performed to measure the amount of impairment, if any. If the carrying amount of the reporting goodwill exceeds the implied fair value of that goodwill, an impairment loss is recognized in an amount equal to that excess. Any such adjustments are reflected in the results of operations in the periods in which they become known. Intangible assets consist of core deposit intangibles and other intangible assets related to operating leases with favorable market terms acquired in business combinations. Intangible assets are initially recognized based on a valuation performed as of the acquisition date. Core deposit intangibles are being amortized on a straight-line basis over the estimated useful lives of seven to nine years. Intangible assets related to operating leases are amortized over the remaining life of the acquired lease using the straight ‑line method. All indefinite lived intangible assets are tested annually for potential impairment or when triggering events occur. Intangible assets with definite lives are tested for impairment when a triggering event occurs. No impairment charges related to goodwill and intangible assets were recorded during the years ended December 31, 2015 , 2014 and 2013 .
Advertising and marketing	Advertising and Marketing Advertising and marketing consists of the Company’s advertising and marketing in its local market. Advertising and marketing is expensed as incurred.
Income Taxes	Income Taxes The Company files a consolidated income tax return with its subsidiary. Federal income tax expense or benefit is allocated on a separate return basis. The Company accounts for income taxes using the asset and liability approach for financial accounting and reporting. Deferred tax assets and liabilities are reflected at currently enacted income tax rates applicable to the period in which the deferred tax assets and liabilities are expected to be realized or settled. As changes in tax laws or rates are enacted, deferred tax assets and liabilities are adjusted through the provision for income taxes. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized. Realization of deferred tax assets is dependent upon the generation of a sufficient level of future taxable income and recoverable taxes paid in prior years. The Company may recognize the tax benefit of an uncertain tax position only if it is more likely than not that the tax position will be sustained upon examination by the taxing authorities based on the technical merits of the position. For tax positions meeting the more ‑likely ‑than ‑not threshold, the amount recognized in the financial statements would be the benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the relevant tax authority. For the years ended December 31, 2015 and 2014 , management has determined there are no material uncertain tax positions. When necessary, the Company would include interest assessed by taxing authorities in “Interest expense” and penalties related to income taxes in “Other expense” on its consolidated statements of income. The Company did not record any interest or penalties related to income tax for the years ended December 31, 2015 and 2014 . With few exceptions, the Company is no longer subject to U.S. federal income tax examinations by tax authorities for the years before 2012.
Fair Values of Financial Instruments	Fair Values of Financial Instruments Fair values of financial instruments are estimated using relevant market information and other assumptions. Fair value estimates involve uncertainties and matters of significant judgment regarding interest rates, credit risk, prepayments and other factors, especially in the absence of broad markets for particular items. Changes in assumptions or in market conditions could significantly affect the estimates. The fair value estimates of existing on and off ‑balance sheet financial instruments do not include the value of anticipated future business or the value of assets and liabilities not considered financial instruments.
Stock Based Compensation	Stock Based Compensation Compensation cost is recognized for stock options and stock awards issued to employees and directors, based on the fair value of these awards at the date of grant. A Black ‑Scholes model is utilized to estimate the fair value of stock options, while the market price of the Company’s common stock at the date of grant is used for stock awards. Compensation cost is recognized over the required service period, generally defined as the vesting period. For awards with graded vesting, compensation cost is recognized on a straight ‑line basis over the requisite service period for the entire award.
Treasury Stock	Treasury Stock Treasury stock is stated at cost, which is determined by the first ‑in, first ‑out method.
Comprehensive Income	Comprehensive Income Comprehensive income includes all changes in stockholders’ equity during a period, except those resulting from transactions with stockholders. In addition to net income, comprehensive income includes the net effect of changes in the fair value of securities available for sale, net of tax. Comprehensive income is reported in the accompanying consolidated statements of comprehensive income.
ESOP	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.
Business Combinations	Business Combinations The Company applies the acquisition method of accounting for business combinations. Under the acquisition method, the acquiring entity in a business combination recognizes 100% of the assets acquired and liabilities assumed at their acquisition date fair values. Management utilizes valuation techniques appropriate for the asset or liability being measured in determining these fair values. Any excess of the purchase price over amounts allocated to assets acquired, including identifiable intangible assets, and liabilities assumed is recorded as goodwill. Where amounts allocated to assets acquired and liabilities assumed is greater than the purchase price, a bargain purchase gain is recognized. Acquisition-related costs are expensed as incurred.
Servicing Assets	Servicing Assets The Company accounts for its servicing assets at amortized cost in accordance with ASC 860, “ Servicing Assets and Liabilities .” The codification requires that servicing rights acquired through the origination of loans, which are sold with servicing rights retained, are recognized as separate assets. Servicing assets are recorded as the difference between the contractual servicing fees and adequate compensation for performing the servicing, and are periodically reviewed and adjusted for any impairment. The amount of impairment recognized, if any, is the amount by which the servicing assets exceed their fair value. Fair value of the servicing assets is estimated using discounted cash flows based on current market interest rates. Servicing rights are amortized in proportion to, and over the period of the related net servicing income.
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 years ended December 31, 2015 , 2014 and 2013 . Year Ended December 31, 2015 2014 2013 Earnings (numerator) Net income $ $ $ 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 year ended December 31, 2013, the Company excluded from diluted EPS weighted average shares of performance stock options representing the right to purchase 423,000 shares of the Company’s common stock because the issuance of shares related to these options is contingent upon the satisfaction of certain conditions unrelated to earnings or market value and these conditions were not met. In addition, for the year ended December 31, 2013, the Company excluded from diluted EPS weighted average warrants representing the right to purchase 1,000 shares of the Company’s common stock because the effect was anti ‑dilutive.

Summary of Significant Accoun36

Summary of Significant Accounting Policy (Tables)	12 Months Ended
	Dec. 31, 2015
Summary of Significant Accounting Policies
Schedule of estimated lives of the respective assets	Buildings and improvements 10 - 40 years Leasehold improvements Term of lease Furniture and equipment 3 - 10 years
Schedule of reconciliation between weighted average shares used for calculating basic and diluted EPS	Year Ended December 31, 2015 2014 2013 Earnings (numerator) Net income $ $ $ 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 $ $ $

Supplemental Statement of Cash

Supplemental Statement of Cash Flows (Tables)	12 Months Ended
	Dec. 31, 2015
Supplemental Cash Flow Elements [Abstract]
Schedule of other supplemental cash flow information	Year Ended December 31, 2015 2014 2013 Supplemental Disclosures of Cash Flow Information: Cash paid for interest $ $ $ Cash paid for income taxes $ $ $ Supplemental Disclosures of Non-Cash Flow Information: Sale and finance of stock to ESOP $ — $ $ — Issuance of stock to ESOP $ $ — $ — Net issuance of common stock for vesting of restricted stock units to cover withholding $ $ $ — Net foreclosure of other real estate owned $ $ $
Schedule of supplemental noncash investing activities	Year Ended December 31, 2015 2014 Noncash assets acquired Securities available for sale — Loans — Bank premises, furniture and equipment (1) — 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)	12 Months Ended
	Dec. 31, 2015
Investment Securities
Schedule of carrying amount and approximate fair values of available-for-sale securities	December 31, 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	December 31, 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	December 31, 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	December 31, 2015 2014 2013 Proceeds from sales $ $ $ Gross realized gains — Gross realized losses — — —

Loans and Allowance for Loan 39

Loans and Allowance for Loan Losses (Tables)	12 Months Ended
	Dec. 31, 2015
Loans and Allowance for Loan Losses
Summary of loans	December 31, 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	December 31, 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	December 31, 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	December 31, 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 year ended December 31, 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 $ $ — $ — $ $ During the year ended December 31, 2014 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	December 31, 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 Year Ended Year Ended Year Ended December 31, 2015 December 31, 2014 December 31, 2013 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	December 31, 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 $ $ $ $ $ $
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	December 31, 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	Year Ended December 31, 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 $ $ —

Bank Premises and Equipment (Ta

Bank Premises and Equipment (Tables)	12 Months Ended
	Dec. 31, 2015
Bank Premises and Equipment.
Schedule of bank premises and equipment	December 31, 2015 2014 Building and improvements $ $ Leasehold improvements Land Furniture, fixtures and equipment Less accumulated depreciation $ $

Non-marketable Equity Securit41

Non-marketable Equity Securities (Tables)	12 Months Ended
	Dec. 31, 2015
Non-marketable Equity Securities.
Schedule of investments in non-marketable equity	December 31, 2015 2014 Federal Home Loan Bank of Dallas stock $ $ Federal Reserve Bank of Dallas stock Other non-marketable equity securities $ $

Intangible Assets (Tables)

Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2015
Intangible Assets
Schedule of intangible assets	December 31, 2015 Weighted Gross Net Amortization Intangible Accumulated Intangible Period Asset Amortization Asset Core deposit intangibles 6.7 years $ $ $ Servicing asset 10.1 years Other intangible assets 5.3 years $ $ $ December 31, 2014 Weighted Gross Net Amortization Intangible Accumulated Intangible Period Asset Amortization Asset Core deposit intangibles 5.0 years $ $ $ Other intangible assets 6.3 years $ $ $
Schedule of the estimated aggregate future amortization expense for intangible assets	Year Amount 2016 2017 2018 2019 2020 Thereafter $

Goodwill (Tables)

Goodwill (Tables)	12 Months Ended
	Dec. 31, 2015
Goodwill.
Schedule of changes in the carrying amount of goodwill	December 31, 2015 2014 Beginning of year $ $ Effect of acquisitions — Impairment losses — — End of year $ $

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Dec. 31, 2015
Deposits.
Schedule summarized of the deposits	December 31, 2015 2014 Noninterest-bearing demand accounts $ $ Interest-bearing demand accounts Savings accounts Limited access money market accounts Certificates of deposit, greater than $100 Certificates of deposit, less than $100 Total $ $
Scheduled maturities of certificate of deposits	Year Amount 2016 $ 2017 2018 2019 2020 Total $

Advances from the Federal Hom45

Advances from the Federal Home Loan Bank (Tables)	12 Months Ended
	Dec. 31, 2015
Advances from the Federal Home Loan Bank
Schedule of contractual maturities of FHLB advances	2016 $ 2017 2018 2019 - 2020 - Thereafter Total $

Junior Subordinated Debenture46

Junior Subordinated Debentures and Subordinated Notes (Tables)	12 Months Ended
	Dec. 31, 2015
Junior Subordinated Debentures and Subordinated Notes
Schedule of Junior subordinated debentures and subordinated notes	December 31, 2015 2014 Junior subordinated debentures(1) $ $ Subordinated notes(2) $ $

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2015
Income Taxes
Components of provision for income taxes	Year Ended December 31, 2015 2014 2013 Income tax expense (benefit): Current $ $ $ Deferred $ $ $
Schedule of income tax expense and the effective tax rates	Year Ended December 31, 2015 2014 2013 Federal income tax expense rate at 34% $ $ $ Stock option expense — — Bank-owned life insurance income Non-deductible dues and memberships Non-deductible meals and entertainment Recognition of deferred tax asset related to non-qualified stock options (1) — — Other Total income tax expense $ $ $ Effective tax rate % % %
Schedule of significant components of the deferred tax assets and liabilities	December 31, December 31, 2015 2014 Deferred tax assets: Net operating loss $ $ - Organizational costs Allowance for loan losses Deferred loan fees Non-accrual interest Capital loss carryforward FHLB Borrowing - Deferred rent expenses Restricted stock Stock options Accrued bonuses Other Total deferred tax assets Deferred tax liabilities: Net unrealized (loss) gain on securities available for sale Core deposit intangibles FHLB stock dividends Bank premises and equipment Total deferred tax liabilities Net deferred tax asset $ $

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies
Schedule of minimum future rental payments under non-cancelable operating leases	Year End December 31, Amount 2016 $ 2017 2018 2019 2020 Thereafter Total $

Other Non-interest Expense (Tab

Other Non-interest Expense (Tables)	12 Months Ended
	Dec. 31, 2015
Other Non-interest Expense
Schedule of other non-interest expense	For the Year Ended December 31, 2015 2014 2013 Business development $ $ $ Office and postage Insurance Security Travel Training Other Total $ $ $

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	12 Months Ended
	Dec. 31, 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 December 31, 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 December 31, 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	December 31, 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	December 31, December 31, 2015 2014 Carrying Fair Carrying Fair Amount Value Amount Value Financial assets: Level 2 inputs: Cash and cash equivalents $ $ $ $ Investment securities 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 Of51

Financial Instruments with Off-Balance Sheet Risk (Tables)	12 Months Ended
	Dec. 31, 2015
Financial Instruments with Off-Balance Sheet Risk Disclosure [Abstract]
Schedule of the approximate amounts of financial instruments with off-balance sheet risk	December 31, December 31, 2015 2014 Commitments to extend credit $ $ Standby and commercial letters of credit $ $

Employee Benefits (Tables)

Employee Benefits (Tables)	12 Months Ended
	Dec. 31, 2015
Employee Benefits
Summary of ESOP shares	December 31, December 31, 2015 2014 Allocated shares Unearned shares Total ESOP shares Fair value of unearned shares $ $

Stock Incentive Plans (Tables)

Stock Incentive Plans (Tables)	12 Months Ended
	Dec. 31, 2015
Schedule of assumptions used to measure fair value of each option award estimated on grant date using Black-Scholes option-pricing model	For the Year Ended December 31, 2015 2014 Dividend yield — % — % Expected life — 6.5 to 6.9 years Expected volatility — % % Risk-free interest rate — % 2.54 to 2.85 %
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 $ 5.56 years — $ — — Options exercisable at end of period $ 5.41 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 Cancelled — — Exercised during the period — — — — Outstanding at the end of period $ 6.58 years — $ — — Options exercisable at end of period $ 6.37 years — $ — — Weighted average fair value of options granted during the period $ $
2010 Stock Option and Equity Incentive Plan | Restricted stock units
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 December 31, $ $
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 Year Ended December 31, 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 $ 9.12 years Options exercisable at end of period — $ — — Weighted average fair value of options granted during the period $
Omnibus Plan | Restricted stock units
Summary of status of the Company's restricted shares or restricted stock units	2015 2014 Restricted Stock Units Restricted Stock Units Weighted Weighted Average Average Grant Date Grant Date Shares Fair Value Shares Fair Value Nonvested at January 1, $ — $ — Granted during the year Vested during the year Forfeited during the year — — Nonvested at December 31, $ $

Capital Requirements and Rest54

Capital Requirements and Restrictions on Retained Earnings (Tables)	12 Months Ended
	Dec. 31, 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 December 31, 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 $ % ≥ $ ≥ % ≥ $ ≥ % Common equity tier 1 to risk-weighted assets Company $ n/a n/a % ≥ $ n/a ≥ n/a % ≥ n/a ≥ n/a Bank $ n/a n/a % ≥ $ n/a ≥ n/a % ≥ $ n/a ≥ n/a % Tier 1 capital (to average assets) Company $ % ≥ $ ≥ % ≥ n/a ≥ n/a Bank $ % ≥ $ ≥ % ≥ $ ≥ %

Business Combinations (Tables)

Business Combinations (Tables)	12 Months Ended
	Dec. 31, 2015
Business Combinations [Abstract]
Schedule of estimated fair value of assets acquired and liabilitiees assumed	Assets of acquired bank: Initially Recorded at Acquisition Date Measurement Period Adjustments Final Recorded Value Cash and cash equivalents $ $ — $ Securities available for sale — Loans Bank premises, furniture and equipment (1) — 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 $ $ — $ 1 (1) Included within bank premises, furniture and equipment is building and land at fair values of $3,310 and $1,490 , respectively.

Parent Company Only Financial56

Parent Company Only Financial Statements (Tables)	12 Months Ended
	Dec. 31, 2015
Parent Company Only Financial Statements
Balance Sheets	Balance Sheets December 31, 2015 2014 Assets Cash and cash equivalents $ $ Investment in subsidiaries Other assets Total assets $ $ Liabilities and Stockholders’ Equity Other liabilities $ $ Other borrowings Total liabilities Stockholders’ equity Preferred stock — Common stock Additional paid-in capital Retained earnings Unallocated employee stock ownership plan shares Accumulated other comprehensive income Treasury stock Total stockholders’ equity Total liabilities and stockholders’ equity $ $
Statements of Income	Statements of Income Year Ended December 31, 2015 2014 Interest income: Other $ $ Interest expense: Interest on borrowings Net interest expense Noninterest expense: Salaries and employee benefits Professional fees Other Total noninterest expense Loss before income tax benefit and equity in undistributed Income of subsidiaries Income tax benefit Income before equity in undistributed income of subsidiaries Equity in undistributed income of subsidiaries Net income $ $
Statements of Cash Flows	Year Ended December 31, 2015 2014 Cash flows from operating activities: Net income $ $ Adjustments to reconcile net income to net cash (used in) provided by operating activities: Amortization of debt costs Equity in undistributed net income of Bank Decrease in other assets Decrease in other liabilities Net cash used in operating activities Cash flows from investing activities: Net cash paid in acquisition — Capital investment in subsidiaries — Net cash used in investing activities Cash flows from financing activities: Sale of common stock in initial public offering, net of offering cost of $4,574 — Proceeds from issuance of common stock, net — Proceeds from exercise of employee stock options — Redemption of SBLF preferred stock series C — Proceeds from payments on ESOP loan Offering costs paid in connection with acquisition — Dividends paid on preferred stock Net cash provided by financing activities Net increase in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year $ $

Summary of Significant Accoun57

Summary of Significant Accounting Policies - Nature of Organization (Details)	12 Months Ended
	Dec. 31, 2015item
Nature of Organization
Number of Branches	10
Number of mortgage offices	1
Segment Reporting:
Number of reportable segment	1

Summary of Significant Accoun58

Summary of Significant Accounting Policies - IPO (Details) - USD ($) $ / shares in Units, $ in Thousands	Oct. 08, 2014	Dec. 31, 2015	Dec. 31, 2014	Sep. 22, 2014
Initial Public Offering [Abstract]
Common stock, shares authorized		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
Preferred stock, par value (in dollars per share)		$ 0.01	$ 0.01	$ 1
Series C preferred stock, shares issued			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 Accoun59

Summary of Significant Accounting Policies - Acquisition (Details) $ in Thousands	Jul. 01, 2015USD ($)itemshares	Dec. 31, 2015USD ($)
Business Combinations [Abstract]
Payments in cash	$ 4,000
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	$ 4,000

Summary of Significant Accoun60

Summary of Significant Accounting Policy - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Restrictions On Cash (Abstract)
Required regulatory cash reserve balances	$ 28,100
Goodwill and Intangible Assets
Impairment charges	$ 0	$ 0	$ 0
Core deposits intangibles | Minimum
Goodwill and Intangible Assets
Estimated useful live	7 years
Core deposits intangibles | Maximum
Goodwill and Intangible Assets
Estimated useful live	9 years
Buildings and improvements | Minimum
Bank Premises and Equipment
Estimated useful lives	10 years
Buildings and improvements | Maximum
Bank Premises and Equipment
Estimated useful lives	40 years
Furniture and equipment | Minimum
Bank Premises and Equipment
Estimated useful lives	3 years
Furniture and equipment | Maximum
Bank Premises and Equipment
Estimated useful lives	10 years

Summary of Significant Accoun61

Summary of Significant Accounting Policies - Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Earnings (numerator)
Net income for common stockholders	$ 8,790	$ 5,205	$ 3,408
Less: preferred stock dividends	98	80	60
Net income available to common stockholders	$ 8,692	$ 5,125	$ 3,348
Shares (denominator)
Weighted average shares outstanding for basic EPS (thousands)	10,061	6,992	5,788
Dilutive effect of employee stock based awards and warrants	271	161	61
Adjusted weighted average shares outstanding	10,332	7,153	5,849
Earnings per share:
Basic (in dollars per share)	$ 0.86	$ 0.73	$ 0.58
Diluted (in dollars per share)	$ 0.84	$ 0.72	$ 0.57
Veritex Holdings, Inc.
Earnings (numerator)
Net income for common stockholders	$ 8,790	$ 5,205

Summary of Significant Accoun62

Summary of Significant Accounting Policies - Antidilutive Securities (Details)	12 Months Ended
	Dec. 31, 2013shares
Performance-based stock options
Earnings Per Share
Excluded from diluted EPS weighted average shares	423,000
Warrant
Earnings Per Share
Excluded from diluted EPS weighted average shares	1,000

Supplemental Statement of Cas63

Supplemental Statement of Cash Flows (Details) - USD ($)	Jul. 01, 2015	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Supplemental Disclosures of Cash Flow Information:
Cash paid for interest		$ 3,520,000	$ 2,927,000	$ 2,470,000
Cash paid for income taxes		4,100,000	2,750,000	2,475,000
Supplemental Disclosures of Non Cash Flow Information:
Sale and finance of stock to ESOP			500,000
Issuance of stock to ESOP		110,000
Net issuance of common stock for vesting of restricted stock units to cover withholding		159,000	500,000
Net foreclosure of other real estate owned		493,000	$ 1,115,000	$ 1,154,000
Noncash liabilities assumed
Shares of common stock exchanged in connection with acquisition (in shares)	1,185,067
IBT
Noncash assets acquired
Securities available for sale		4,646,000
Loans		88,459,000
Bank premises, furniture and equipment		4,947,000
Securities available for sale		790,000
Bank-owned life insurance		1,024,000
Accrued interest receivable		250,000
Servicing assets		323,000
Goodwill		7,717,000
Core deposit intangibles		1,078,000
Total assets		109,234,000
Noncash liabilities assumed
Deposits		97,426,000
FHLB advances		3,503,000
Other borrowings		926,000
Other liabilities		824,000
Total liabilities		102,679,000
1,185,067 shares of common stock exchanged in connection with acquisition		$ 17,705,000
Shares of common stock exchanged in connection with acquisition (in shares)		1,185,067
IBT | Building
Noncash assets acquired
Bank premises, furniture and equipment		$ 3,310
IBT | Land
Noncash assets acquired
Bank premises, furniture and equipment		$ 1,490

Investment Securities (Details)

Investment Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Available for Sale securities
Amortized Cost	$ 76,027	$ 44,867
Gross Unrealized Gains	242	417
Gross Unrealized Losses	456	157
Fair Value	75,813	45,127
U.S. government agencies
Available for Sale securities
Amortized Cost	3,823	1,928
Gross Unrealized Losses	36	47
Fair Value	3,787	1,881
Corporate bonds
Available for Sale securities
Amortized Cost		500
Fair Value		500
Municipal securities
Available for Sale securities
Amortized Cost	6,738	965
Gross Unrealized Gains	9	22
Gross Unrealized Losses	52
Fair Value	6,695	987
Mortgage-backed securities
Available for Sale securities
Amortized Cost	46,180	28,588
Gross Unrealized Gains	169	256
Gross Unrealized Losses	292	73
Fair Value	46,057	28,771
Collateralized mortgage obligations
Available for Sale securities
Amortized Cost	18,379	11,752
Gross Unrealized Gains	64	124
Gross Unrealized Losses	59	37
Fair Value	18,384	11,839
Asset-backed securities
Available for Sale securities
Amortized Cost	907	1,134
Gross Unrealized Gains		15
Gross Unrealized Losses	17
Fair Value	$ 890	$ 1,149

Investment Securities - Unreali

Investment Securities - Unrealized Loss Position (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)item	Dec. 31, 2014USD ($)item
Available for sale investment securities that have been in a continuous unrealized loss position
Less Than 12 Months, Fair Value	$ 48,121	$ 11,728
Less Than 12 Months, Unrealized Loss	388	46
12 Months or More, Fair Value	3,601	7,895
12 Months or More, Unrealized Loss	68	111
Total Fair Value	51,722	19,623
Total Unrealized Loss	$ 456	$ 157
Number of investment positions in an unrealized loss position | item	52	23
U.S. government agencies
Available for sale investment securities that have been in a continuous unrealized loss position
Less Than 12 Months, Fair Value	$ 2,978
Less Than 12 Months, Unrealized Loss	7
12 Months or More, Fair Value	809	$ 1,881
12 Months or More, Unrealized Loss	29	47
Total Fair Value	3,787	1,881
Total Unrealized Loss	36	47
Municipal securities
Available for sale investment securities that have been in a continuous unrealized loss position
Less Than 12 Months, Fair Value	4,216
Less Than 12 Months, Unrealized Loss	52
Total Fair Value	4,216
Total Unrealized Loss	52
Mortgage-backed securities
Available for sale investment securities that have been in a continuous unrealized loss position
Less Than 12 Months, Fair Value	32,255	10,148
Less Than 12 Months, Unrealized Loss	253	39
12 Months or More, Fair Value	2,792	3,572
12 Months or More, Unrealized Loss	39	34
Total Fair Value	35,047	13,720
Total Unrealized Loss	292	73
Collateralized mortgage obligations
Available for sale investment securities that have been in a continuous unrealized loss position
Less Than 12 Months, Fair Value	8,672	1,580
Less Than 12 Months, Unrealized Loss	76	7
12 Months or More, Fair Value		2,442
12 Months or More, Unrealized Loss		30
Total Fair Value	8,672	4,022
Total Unrealized Loss	$ 76	$ 37

Investment Securities - Maturit

Investment Securities - Maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Amortized costs of securities available for sale, by contractual maturity
Due in one year or less	$ 996	$ 500
Due from one year to five years	4,869	1,930
Due from five years to ten years	428	963
Due after ten years	4,268
Total investment securities available for sale, single maturity date	10,561	3,393
Total investment securities available for sale, amortized cost basis	76,027	44,867
Estimated fair values of securities available for sale, by contractual maturity
Due in one year or less	999	500
Due from one year to five years	4,851	1,932
Due from five years to ten years	417	936
Due after ten years	4,217
Total investment securities available for sale	10,484	3,368
Total investment securities available for sale, fair value	75,813	45,127
Mortgage-backed securities
Amortized costs of securities available for sale, by contractual maturity
Amortized Cost	46,180	28,588
Estimated fair values of securities available for sale, by contractual maturity
Fair Value	46,056	28,771
Collateralized mortgage obligations
Amortized costs of securities available for sale, by contractual maturity
Amortized Cost	18,379	11,752
Estimated fair values of securities available for sale, by contractual maturity
Fair Value	18,384	11,839
Asset-backed securities
Amortized costs of securities available for sale, by contractual maturity
Amortized Cost	907	1,134
Estimated fair values of securities available for sale, by contractual maturity
Fair Value	$ 889	$ 1,149

Investment Securities - Proceed

Investment Securities - Proceeds and Gross Gains/Losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Proceeds from sales of investment securities available for sale and gross gains and losses
Proceeds from sales	$ 3,779	$ 981	$ 120,000
Gross realized gains	$ 7	$ 34

Loans and Allowance for Loan 68

Loans and Allowance for Loan Losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Loans and Allowance for Loan Losses
Loans, gross	$ 820,567	$ 603,310
Deferred loan fees	(62)	(51)
Allowance for loan losses	(6,772)	(5,981)	$ (5,018)	$ (3,238)
Loans, net	813,733	597,278
Accretable discount related to loans acquired within a business combination	1,029	185
Construction and land
Loans and Allowance for Loan Losses
Loans, gross	126,422	69,966
Farmland
Loans and Allowance for Loan Losses
Loans, gross	11,696	10,528
1 - 4 family residential
Loans and Allowance for Loan Losses
Loans, gross	137,704	105,788
Multi-family residential
Loans and Allowance for Loan Losses
Loans, gross	8,695	9,964
Nonfarm nonresidential
Loans and Allowance for Loan Losses
Loans, gross	284,622	195,839
Allowance for loan losses	$ (2,189)	(1,890)	(1,726)
Loan amount outstanding as percentage of total risk-based capital	295.00%
Commercial
Loans and Allowance for Loan Losses
Loans, gross	$ 246,124	207,101
Allowance for loan losses	(2,324)	(2,092)	(1,585)
Consumer
Loans and Allowance for Loan Losses
Loans, gross	5,304	4,124
Allowance for loan losses	$ (31)	$ (64)	$ (77)
Construction, land development, and other land loans
Loans and Allowance for Loan Losses
Loan amount outstanding as percentage of total risk-based capital	121.00%

Loans and Allowance for Loan 69

Loans and Allowance for Loan Losses - Nonaccrual (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Loans and Allowance for Loan Losses
Non-accrual loans, excluding purchased credit impaired loans	$ 591	$ 436
1 - 4 family residential
Loans and Allowance for Loan Losses
Non-accrual loans, excluding purchased credit impaired loans	187
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	383	34
Consumer
Loans and Allowance for Loan Losses
Non-accrual loans, excluding purchased credit impaired loans	$ 21	$ 27

Loans and Allowance for Loan 70

Loans and Allowance for Loan Losses - Past Due (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Age analysis of past due loans, excluding purchased credit impaired loans, aggregated by class of loans
30-59 Days	$ 1,109	$ 556
60-89 Days	696	409
90 Days or Greater	347	541
Total Past Due	2,152	1,506
Total Current	818,415	601,804
Total Loans	820,567	603,310
Total 90 Days Past Due and Still Accruing	84
Construction and land
Age analysis of past due loans, excluding purchased credit impaired loans, aggregated by class of loans
30-59 Days	3	12
90 Days or Greater		541
Total Past Due	3	553
Total Current	126,419	69,413
Total Loans	126,422	69,966
Farmland
Age analysis of past due loans, excluding purchased credit impaired loans, aggregated by class of loans
Total Current	11,696	10,528
Total Loans	11,696	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	215	512
60-89 Days	438
90 Days or Greater	187
Total Past Due	840	512
Total Current	136,864	105,276
Total Loans	137,704	105,788
Multi-family residential
Age analysis of past due loans, excluding purchased credit impaired loans, aggregated by class of loans
Total Current	8,695	9,964
Total Loans	8,695	9,964
Nonfarm nonresidential
Age analysis of past due loans, excluding purchased credit impaired loans, aggregated by class of loans
60-89 Days	175	375
Total Past Due	175	375
Total Current	284,447	195,464
Total Loans	284,622	195,839
Commercial
Age analysis of past due loans, excluding purchased credit impaired loans, aggregated by class of loans
30-59 Days	883	6
60-89 Days	81	34
90 Days or Greater	159
Total Past Due	1,123	40
Total Current	245,001	207,061
Total Loans	246,124	207,101
Total 90 Days Past Due and Still Accruing	83
Consumer
Age analysis of past due loans, excluding purchased credit impaired loans, aggregated by class of loans
30-59 Days	8	26
60-89 Days	2
90 Days or Greater	1
Total Past Due	11	26
Total Current	5,293	4,098
Total Loans	5,304	$ 4,124
Total 90 Days Past Due and Still Accruing	$ 1

Loans and Allowance for Loan 71

Loans and Allowance for Loan Losses - Imparied Loans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Impaired Loans
Unpaid Contractual Principal Balance	$ 2,379	$ 2,334
Recorded Investment with No Allowance	2,011	1,445
Recorded Investment with Allowance	368	611
Total Recorded Investment	2,379	2,056
Related Allowance	193	87
Average Recorded Investment During Year	1,907	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	10	611
1 - 4 family residential
Impaired Loans
Unpaid Contractual Principal Balance	353	168
Recorded Investment with No Allowance	353	168
Total Recorded Investment	353	168
Average Recorded Investment During Year	191	205
Nonfarm nonresidential
Impaired Loans
Unpaid Contractual Principal Balance	1,265	1,086
Recorded Investment with No Allowance	1,265	1,086
Total Recorded Investment	1,265	1,086
Average Recorded Investment During Year	1,146	980
Commercial
Impaired Loans
Unpaid Contractual Principal Balance	740	223
Recorded Investment with No Allowance	390	183
Recorded Investment with Allowance	350	40
Total Recorded Investment	740	223
Related Allowance	186	30
Average Recorded Investment During Year	533	361
Consumer
Impaired Loans
Unpaid Contractual Principal Balance	21	38
Recorded Investment with No Allowance	3	8
Recorded Investment with Allowance	18	30
Total Recorded Investment	21	38
Related Allowance	7	13
Average Recorded Investment During Year	$ 27	$ 44

Loans and Allowance for Loan 72

Loans and Allowance for Loan Losses - Trouble Debt Restructuring (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)loan	Dec. 31, 2014USD ($)loan
Troubled Debt Restructuring
Recorded investment in TDRs	$ 1,727	$ 1,677
Number of Loans | loan	2	2
Pre-Modification Outstanding Recorded Investment	$ 667	$ 18
Post-Modification Outstanding Recorded Investment
Adjusted Interest Rate		4
Extended Maturity		$ 8
Extended Maturity and Restructured Payments	246
Extended Maturity, Restructured Payments and Adjusted Interest Rate	$ 391
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	$ 391
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	$ 246
Consumer
Troubled Debt Restructuring
Number of Loans | loan		2
Pre-Modification Outstanding Recorded Investment		$ 18
Post-Modification Outstanding Recorded Investment
Adjusted Interest Rate		4
Extended Maturity		$ 8

Loans and Allowance for Loan 73

Loans and Allowance for Loan Losses - TDR's additional information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)loan	Dec. 31, 2014USD ($)loan
Loans and Allowance for Loan Losses
Number of loans restructured performing as agreed to modified terms	2
Number of restructured loans with recorded allowance	1
Valuation allowance for loans restructured | $	$ 132	$ 2
Number of loans restructured placed on nonaccrual status	1
Number of loans modified as a troubled debt restructured loan within previous 12 months and for which there was a payment default	0	0

Loans and Allowance for Loan 74

Loans and Allowance for Loan Losses - Credit Quality Indicators (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Credit Quality Indicators
Loans	$ 820,567	$ 603,310
Pass
Credit Quality Indicators
Loans	816,303	600,773
Special Mention
Credit Quality Indicators
Loans	2,617	672
Substandard
Credit Quality Indicators
Loans	1,571	1,865
Doubtful
Credit Quality Indicators
Loans	76
Construction and land
Credit Quality Indicators
Loans	126,422	69,966
Construction and land | Pass
Credit Quality Indicators
Loans	126,422	69,425
Construction and land | Substandard
Credit Quality Indicators
Loans		541
Farmland
Credit Quality Indicators
Loans	11,696	10,528
Farmland | Pass
Credit Quality Indicators
Loans	11,696	10,528
1 - 4 family residential
Credit Quality Indicators
Loans	137,704	105,788
1 - 4 family residential | Pass
Credit Quality Indicators
Loans	136,856	105,786
1 - 4 family residential | Substandard
Credit Quality Indicators
Loans	848	2
Multi-family residential
Credit Quality Indicators
Loans	8,695	9,964
Multi-family residential | Pass
Credit Quality Indicators
Loans	8,695	9,964
Nonfarm nonresidential
Credit Quality Indicators
Loans	284,622	195,839
Nonfarm nonresidential | Pass
Credit Quality Indicators
Loans	282,404	195,464
Nonfarm nonresidential | Special Mention
Credit Quality Indicators
Loans	2,043
Nonfarm nonresidential | Substandard
Credit Quality Indicators
Loans	175	375
Commercial
Credit Quality Indicators
Loans	246,124	207,101
Commercial | Pass
Credit Quality Indicators
Loans	244,948	205,681
Commercial | Special Mention
Credit Quality Indicators
Loans	573	672
Commercial | Substandard
Credit Quality Indicators
Loans	527	748
Commercial | Doubtful
Credit Quality Indicators
Loans	76
Consumer
Credit Quality Indicators
Loans	5,304	4,124
Consumer | Pass
Credit Quality Indicators
Loans	5,282	3,925
Consumer | Special Mention
Credit Quality Indicators
Loans	1
Consumer | Substandard
Credit Quality Indicators
Loans	$ 21	$ 199

Loans and Allowance for Loan 75

Loans and Allowance for Loan Losses - Allowance (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Analysis of allowance for loan losses
Balance at beginning of year	$ 5,981	$ 5,018	$ 3,238
Provision charged to earnings	868	1,423	1,883
Charge-offs	(140)	(510)	(240)
Recoveries	63	50	137
Net charge-offs	(77)	(460)	(103)
Balance at end of year	6,772	5,981	5,018
Specific Reserves:
Impaired loans				$ 193	$ 87
Total specific reserves				193	87
General reserves				6,579	5,894
Total	5,981	5,018	3,238	$ 6,772	$ 5,981	$ 5,018
Allowance for loan losses (as a percent)				0.83%	0.99%	1.01%
Construction land and Farmland
Analysis of allowance for loan losses
Balance at beginning of year	769	660
Provision charged to earnings	383	137
Charge-offs	(48)	(28)
Net charge-offs	(48)	(28)
Balance at end of year	1,104	769	660
Specific Reserves:
Impaired loans					$ 44
Total specific reserves					44
General reserves				$ 1,104	725
Total	769	660	660	1,104	769	$ 660
Residential
Analysis of allowance for loan losses
Balance at beginning of year	1,166	970
Provision charged to earnings	(42)	226
Charge-offs		(30)
Net charge-offs		(30)
Balance at end of year	1,124	1,166	970
Specific Reserves:
General reserves				1,124	1,166
Total	1,166	970	970	1,124	1,166	970
Nonfarm nonresidential
Analysis of allowance for loan losses
Balance at beginning of year	1,890	1,726
Provision charged to earnings	294	162
Recoveries	5	2
Net charge-offs	5	2
Balance at end of year	2,189	1,890	1,726
Specific Reserves:
General reserves				2,189	1,890
Total	1,890	1,726	1,726	2,189	1,890	1,726
Commercial
Analysis of allowance for loan losses
Balance at beginning of year	2,092	1,585
Provision charged to earnings	262	909
Charge-offs	(87)	(448)
Recoveries	57	46
Net charge-offs	(30)	(402)
Balance at end of year	2,324	2,092	1,585
Specific Reserves:
Impaired loans				186	30
Total specific reserves				186	30
General reserves				2,138	2,062
Total	2,092	1,585	1,585	2,324	2,092	1,585
Consumer
Analysis of allowance for loan losses
Balance at beginning of year	64	77
Provision charged to earnings	(29)	(11)
Charge-offs	(5)	(4)
Recoveries	1	2
Net charge-offs	(4)	(2)
Balance at end of year	31	64	77
Specific Reserves:
Impaired loans				7	13
Total specific reserves				7	13
General reserves				24	51
Total	$ 64	$ 77	$ 77	$ 31	$ 64	$ 77

Loans and Allowance for Loan 76

Loans and Allowance for Loan Losses - Allowance, Additional Information (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Allowance, impairment methodology
Loans individually evaluated for impairment	$ 2,379	$ 2,056
Loans collectively evaluated for impairment	818,188	601,254
Total Loans	820,567	603,310
Construction land and Farmland
Allowance, impairment methodology
Loans individually evaluated for impairment		541
Loans collectively evaluated for impairment	138,118	79,953
Total Loans	138,118	80,494
Residential
Allowance, impairment methodology
Loans individually evaluated for impairment	353	168
Loans collectively evaluated for impairment	146,046	115,584
Total Loans	146,399	115,752
Nonfarm nonresidential
Allowance, impairment methodology
Loans individually evaluated for impairment	1,265	1,086
Loans collectively evaluated for impairment	283,357	194,753
Total Loans	284,622	195,839
Commercial
Allowance, impairment methodology
Loans individually evaluated for impairment	740	223
Loans collectively evaluated for impairment	245,384	206,878
Total Loans	246,124	207,101
Consumer
Allowance, impairment methodology
Loans individually evaluated for impairment	21	38
Loans collectively evaluated for impairment	5,283	4,086
Total Loans	$ 5,304	$ 4,124

Loans and Allowance for Loan 77

Loans and Allowance for Loan Losses - Servicing Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Servicing asset	$ 21,659
Summary of changes in related servicing assets
Servicing asset acquired through acquisition	323
Increase from loan sales	126
Amortization charged to income	(23)
Balance at end of period	426
Valuation allowance recorded	0
Proceeds from sale of loans	46,344	$ 39,275	$ 37,294
Gain on sale of loans	1,254	641	$ 632
Interest receivable	2,216	$ 1,542
Small Business Administration Loans [Member]
Servicing asset	126
Summary of changes in related servicing assets
Proceeds from sale of loans	6,724
Gain on sale of loans	$ 550

Bank Premises and Equipment (De

Bank Premises and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Property, Plant and Equipment, Net [Abstract]
Bank premises, furniture and equipment, gross	$ 21,866	$ 14,527
Less accumulated depreciation	4,417	3,377
Bank premises, furniture and equipment, net	17,449	11,150
Depreciation [Abstract]
Depreciation	1,040	1,045	$ 972
Buildings and improvements
Property, Plant and Equipment, Net [Abstract]
Bank premises, furniture and equipment, gross	7,673	2,672
Leasehold improvements
Property, Plant and Equipment, Net [Abstract]
Bank premises, furniture and equipment, gross	3,024	2,942
Land
Property, Plant and Equipment, Net [Abstract]
Bank premises, furniture and equipment, gross	6,671	5,181
Furniture, fixtures and equipment
Property, Plant and Equipment, Net [Abstract]
Bank premises, furniture and equipment, gross	$ 4,498	$ 3,732

Non-marketable Equity Securit79

Non-marketable Equity Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Non-marketable Equity Securities.
Federal Home Loan Bank of Dallas stock	$ 1,270	$ 1,907
Federal Reserve Bank of Dallas stock	2,847	2,182
Other non-marketable equity securities	50	50
Total non-marketable equity securities	$ 4,167	$ 4,139

Intangible Assets - Finite-Live

Intangible Assets - Finite-Lived Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Finite-Lived Intangible Assets, Net [Abstract]
Gross Intangible Asset	$ 4,015	$ 2,487
Accumulated Amortization	1,605	1,226
Total intangible assets	2,410	1,261
Amortization [Abstract]
Amortization of Intangible Assets	338	295	$ 294
Amortization of Intangible Assets, Occupancy and Equipment, and Other Income [Member]
Amortization [Abstract]
Amortization of Intangible Assets	$ 378	$ 306	$ 308
Core deposits intangibles
Finite-Lived Intangible Assets, Net [Abstract]
Weighted Amortization Period	6 years 8 months 12 days	5 years
Gross Intangible Asset	$ 3,459	$ 2,380
Accumulated Amortization	1,517	1,170
Total intangible assets	$ 1,942	$ 1,210
Servicing Asset [Member]
Finite-Lived Intangible Assets, Net [Abstract]
Weighted Amortization Period	10 years 1 month 6 days
Gross Intangible Asset	$ 449
Accumulated Amortization	23
Total intangible assets	$ 426
Other intangible assets
Finite-Lived Intangible Assets, Net [Abstract]
Weighted Amortization Period	5 years 3 months 18 days	6 years 3 months 18 days
Gross Intangible Asset	$ 107	$ 107
Accumulated Amortization	65	56
Total intangible assets	$ 42	$ 51

Intangible Assets - Future Amor

Intangible Assets - Future Amortization Expense (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Estimated aggregate future amortization expense [Abstract]
2,016	$ 456
2,017	456
2,018	364
2,019	245
2,020	219
Thereafter	670
Total intangible assets	$ 2,410	$ 1,261

Goodwill (Details)

Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Goodwill [Roll Forward]
Beginning of year	$ 19,148	$ 19,148
Effect of acquisitions	7,717
End of Year	$ 26,865	$ 19,148

Deposits (Details)

Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Deposits, by Type [Abstract]
Noninterest-bearing demand accounts	$ 301,367	$ 251,124
Interest-bearing demand accounts	72,536	57,556
Savings accounts	9,045	6,101
Limited access money market accounts	381,646	227,074
Certificates of deposit, greater than $100	86,048	79,517
Certificates of deposit, less than $100	17,768	17,371
Total deposits	868,410	638,743
The scheduled maturities of certificates of deposit
2,015	84,598
2,016	9,055
2,017	4,537
2,018	1,727
2,019	3,899
Certificates of deposit, total	103,816
Demand deposit overdrafts
Demand deposit overdrafts reclassified as loans	63	50
Brokered deposits	$ 80,841	$ 4,940

Advances from the Federal Hom84

Advances from the Federal Home Loan Bank (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Advances from the Federal Home Loan Bank
Advances from Federal Home Loan Banks	$ 28,444	$ 40,000
Advances from the Federal Home Loan Bank, weighted average rate	0.92%
Availability to borrow additional funds	$ 300,475

Advances from the Federal Hom85

Advances from the Federal Home Loan Bank - Contractual Maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Federal Home Loan Bank, Advances, Fiscal Year Maturity [Abstract]
2,016	$ 10,000
2,017	10,000
2,018	5,000
Thereafter	3,444
Total	$ 28,444	$ 40,000

Other Credit Extensions (Detail

Other Credit Extensions (Details) $ in Thousands	Dec. 31, 2015USD ($)item	Dec. 31, 2014USD ($)item
Federal Funds Credit Extensions With Commercial Banks
Other Credit Extensions
Number of credit facilities | item	2	2
Maximum available borrowings	$ 14,600	$ 14,600
Outstanding borrowings	0	0
Federal Reserve Bank Secured Line Of Credit
Other Credit Extensions
Maximum available borrowings	152,235	164,026
Outstanding borrowings	0	0
Amounts of commercial loans were pledged as collateral	$ 208,677	$ 201,210

Junior Subordinated Debenture87

Junior Subordinated Debentures and Subordinated Notes (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)item	Dec. 31, 2014USD ($)$ / sharesshares	Dec. 31, 2013USD ($)	Dec. 31, 2011USD ($)
Debt instrument
Junior subordinated debentures—Trust Securities with a rate of LIBOR plus 1.85% debentures payable to Parkway National Capital Trust 1 with stated maturity of 2036	$ 3,093	$ 3,093
Subordinated notes—unsecured notes with a fixed rate of 6% payable to entities of an affiliate with stated maturity of 2023 (less discount of $21—effective interest rate of 6.025%)	4,983	4,981
Face amount of subordinated notes issued to related party	$ 5,000
Maximum
Debt instrument
Interest distribution quarterly periods | item	20
Junior subordinated debentures—Trust Securities
Debt instrument
Discount on related party debt	$ 17	19
Junior subordinated debentures—Trust Securities | Fidelity Resource Company
Debt instrument
Debentures assumed in business combination				$ 3,093,000
Subordinated notes—unsecured notes
Debt instrument
Fixed rate (as a percent)			6.00%
Face amount of subordinated notes issued to related party			$ 5,000
Subordinated notes—unsecured notes | Affiliated entities
Debt instrument
Subordinated notes—unsecured notes with a fixed rate of 6% payable to entities of an affiliate with stated maturity of 2023 (less discount of $21—effective interest rate of 6.025%)	$ 4,983	$ 4,981
Fixed rate (as a percent)	6.00%	6.00%
Number of shares that warrants issued to related party may be converted into (in shares) | shares		25,000
Exercise price of warrants issued to related party (in dollars per share) | $ / shares		$ 11
Price used to calculate fair value of warrants issued to related party (in dollars per share) | $ / shares		$ 0.80
LIBOR | Junior subordinated debentures—Trust Securities
Debt instrument
Margin (as a percent)	1.85%	1.85%
Parkway National Capital Trust 1 [Member]
Debt instrument
Basis of variable distribution rate	3-month LIBOR	3-month LIBOR
Basis spread on variable distribution rate (as a percent)	1.85%	1.85%
Distribution effective rate (as a percent)	2.18%	2.09%

Income Taxes - Income Tax Expen

Income Taxes - Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income tax expense (benefit):
Current	$ 4,492	$ 3,171	$ 2,491
Deferred	(375)	(466)	(714)
Total income tax expense	4,117	2,705	$ 1,777
Veritex Holdings, Inc.
Income tax expense (benefit):
Total income tax expense	$ (454)	$ (256)

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of Statutory Rate (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Reconciliation of income tax computed at statutory rate to effective tax rate
Statutory rate (as a percent)	34.00%	34.00%	34.00%
Federal income tax expense rate at 34%	$ 4,388	$ 2,690	$ 1,763
Stock option expense			76
Bank-owned life insurance income	(208)	(118)	(110)
Non-deductible dues and memberships	56	50	48
Non-deductible meals and entertainment	46	43	24
Change in valuation allowance	(186)
Other	21	40	(24)
Total income tax expense	$ 4,117	$ 2,705	$ 1,777
Effective tax rate (as a percent)	31.90%	34.20%	34.30%
Veritex Holdings, Inc.
Reconciliation of income tax computed at statutory rate to effective tax rate
Total income tax expense	$ (454)	$ (256)

Income Taxes - Components of De

Income Taxes - Components of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Deferred tax assets:
Net operating loss	$ 166
Organizational costs	150	$ 167
Allowance for loan losses	2,423	1,868
Deferred loan fees	21	18
Non-accrual interest	4	69
Capital loss carryforward	85	85
OREO write down for book purposes	65
Deferred rent expenses	65	66
Restricted stock	88	131
Stock options	283	73
Accrued bonuses	319	271
Other	204	137
Total deferred tax assets	3,873	2,885
Deferred tax liabilities:
Net unrealized gain on securities available for sale	(73)	88
Core deposit intangibles	663	412
FHLB stock dividends	4	27
Bank premises and equipment	1,747	973
Total deferred tax liabilities	2,341	1,500
Net deferred tax asset	$ 1,532	$ 1,385

Income Taxes - Included in Bala

Income Taxes - Included in Balance Sheet (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Amount included in consolidated balance sheets
Net deferred tax asset	$ 1,532	$ 1,385
Federal
Amount included in consolidated balance sheets
Net operating loss carryforward	488
Interest Payable and Other Liabilities [Member]
Amount included in consolidated balance sheets
Current tax liability	488	89
Other assets.
Amount included in consolidated balance sheets
Net deferred tax asset	$ 1,532	$ 1,385

Commitments and Contingencies92

Commitments and Contingencies (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Minimum future rental payments under non-cancelable operating leases
2,015	$ 1,213
2,016	1,213
2,017	971
2,018	822
2,019	746
Thereafter	971
Total	5,936
Minimum future sublease rentals	69
Operating Leases
Rental expense on operating lease	1,399	$ 1,468	$ 1,353
Rental income	$ 30	$ 0	$ 0

Other Non-interest Expense (Det

Other Non-interest Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Business development	$ 205	$ 192	$ 168
Office and postage	341	240	216
Insurance	139	92	100
Security	136	115	105
Travel	45	41	42
Training	47	45	34
Other	595	331	297
Total	1,506	1,056	$ 962
Veritex Holdings, Inc.
Total	$ 2	$ 17

Fair Value Disclosures - Recurr

Fair Value Disclosures - Recurring Basis (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Assets measured at fair value
Investment securities available for sale	$ 75,813	$ 45,127
Recurring
Assets measured at fair value
Investment securities available for sale	75,813	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	$ 75,813	$ 45,127

Fair Value Disclosures - Non-re

Fair Value Disclosures - Non-recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Assets measured at fair value
Impaired loans, carrying value	$ 2,379	$ 2,056
Impaired loans, specific allowance	193	87
Non-recurring
Assets measured at fair value
Impaired loans	2,379	2,056
Other real estate owned		50
Impaired loans, specific allowance	193	87
Liabilities measured at fair value	0	0
Non-recurring | Level 3
Assets measured at fair value
Impaired loans	$ 2,379	2,056
Other real estate owned		50
Carrying Amount | Non-recurring
Assets measured at fair value
Other real estate owned		$ 50

Fair Value Disclosures - Level

Fair Value Disclosures - Level 3 (Details) - Collateral Method - Level 3 - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Impaired loans
Significant unobservable inputs used in the fair value measurements
Fair Value	$ 2,379	$ 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		$ 50
Weighted Average (as a percent)	8.00%	8.00%

Fair Value Disclosures - Financ

Fair Value Disclosures - Financial Instruments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Estimated fair values and carrying values of all financial instruments
Maximum maturity period for Federal Home Loan Bank advances recorded at carrying value	90 days
Financial assets:
Securities available for sale	$ 75,813	$ 45,127
Financial liabilities:
Junior subordinated debentures	3,093	3,093
Subordinated notes	4,983	4,981
Level 2 | Carrying Amount
Financial assets:
Cash and cash equivalents	71,551	93,251
Securities available for sale	75,813	45,127
Loans held for sale	2,831	8,858
Accrued interest receivable	2,216	1,542
Bank-owned life insurance	19,459	17,822
Servicing asset	426
Non-marketable equity securities	4,167	4,139
Financial liabilities:
Deposits	868,410	638,743
Advances from FHLB	28,444	40,000
Accrued interest payable	108	126
Junior subordinated debentures	3,093	3,093
Subordinated notes	4,983	4,981
Level 2 | Total Fair Value
Financial assets:
Cash and cash equivalents	71,551	93,251
Securities available for sale	75,813	45,127
Loans held for sale	2,831	8,858
Accrued interest receivable	2,216	1,542
Bank-owned life insurance	19,459	17,822
Servicing asset	426
Non-marketable equity securities	4,167	4,139
Financial liabilities:
Deposits	844,966	630,402
Advances from FHLB	28,826	40,028
Accrued interest payable	108	126
Junior subordinated debentures	3,093	3,093
Subordinated notes	4,983	4,981
Level 3 | Carrying Amount
Financial assets:
Loans, net	813,733	597,278
Level 3 | Total Fair Value
Financial assets:
Loans, net	$ 811,455	$ 596,138

Financial Instruments with Of98

Financial Instruments with Off-Balance Sheet Risk (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Financial instruments with off-balance sheet risk
Total commitments	$ 238,628	$ 145,042
Commitments to extend credit
Financial instruments with off-balance sheet risk
Total commitments	236,678	144,224
Standby and commercial letters of credit
Financial instruments with off-balance sheet risk
Total commitments	$ 1,950	$ 818

Employee Benefits (Details)

Employee Benefits (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
ESOP
Matching contributions to 401(k) profit sharing Plan	$ 0	$ 0
Summary of ESOP shares
Allocated shares	35,047	16,958
Unearned shares	27,993	36,935
Total ESOP shares	63,040	53,893
Fair value of unearned shares	$ 454	$ 523
ESOP
ESOP
Compensation expense	$ 154,000	$ 150,000	$ 120,000

Stock and Incentive Plan - 2010

Stock and Incentive Plan - 2010 Plan (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	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	$ 224	$ 329	$ 323
Restricted shares
Stock and Incentive Plans
Number of shares awarded		28,500
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 | 2010 Stock Option and Equity Incentive Plan
Stock and Incentive Plans
Number of shares awarded under stock options		30,000

Stock and Incentive Plan - 2101

Stock and Incentive Plan - 2010 Plan - Black Scholes Assumptions (Details) - 2010 Stock Option and Equity Incentive Plan	12 Months Ended
	Dec. 31, 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 volatility (as a percent)	5.60%
Risk-free interest rate, minimum (as a percent)	2.54%
Risk-free interest rate, maximum (as a percent)	2.85%
Stock option | 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 6 months
Stock option | 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 10 months 24 days

Stock and Incentive Plan - 2102

Stock and Incentive Plan - 2010 Plan - Options (Details) - 2010 Stock Option and Equity Incentive Plan - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Additional disclosures
Stock based compensation expense	$ 224	$ 329	$ 323
Stock option
Additional disclosures
Unrecognized compensation expense (in dollars)	51	$ 230
Performance-based stock options
Shares Underlying Options activity
Outstanding at beginning of period (in shares)		422,500
Granted during the period (in shares)		50,000
Forfeited during the period (in shares)		(5,000)
Cancelled during the period (in shares)		(467,500)
Outstanding at the end of period (in shares)			422,500
Activity in weighted exercise price
Outstanding at beginning of period (in dollars per share)		$ 10.02
Granted during the period (in dollars per share)		11.26
Forfeited during the period (in dollars per share)		10.85
Cancelled during the period (in dollars per share)		10.14
Outstanding at the end of period (in dollars per share)			$ 10.02
Weighted average fair value of options granted during the period (in dollars per share)		$ 2.03
Weighted Average Contractual Term
Outstanding at beginning of period			8 years
Outstanding at the end of period			8 years
Additional disclosures
Aggregate intrinsic value of exercisable stock options (in dollars)	$ 0	$ 0
Requisite service period to recognize compensation cost	10 months 10 days
Unrecognized compensation expense (in dollars)	$ 0
Nonperformance-based stock options
Shares Underlying Options activity
Outstanding at beginning of period (in shares)	352,500	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	327,500
Options exercisable at end of period (in shares)	238,500	189,000
Activity in weighted exercise price
Outstanding at beginning of period (in dollars per share)	$ 10.14	$ 10.03
Granted during the period (in dollars per share)		11.53
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	$ 10.03
Options exercisable at end of period (in dollars per share)	$ 10.08	10.05
Weighted average fair value of options granted during the period (in dollars per share)		$ 1.94
Weighted Average Contractual Term
Outstanding at beginning of period	5 years 6 months 22 days	6 years 6 months 29 days	7 years 8 months 9 days
Outstanding at the end of period	5 years 6 months 22 days	6 years 6 months 29 days	7 years 8 months 9 days
Options exercisable at end of period	5 years 4 months 28 days	6 years 4 months 13 days
Additional disclosures
Aggregate intrinsic value of outstanding stock options (in dollars)	$ 1,971	$ 1,420
Aggregate intrinsic value of exercisable stock options (in dollars)	$ 1,462	$ 780

Stock and Incentive Plan - 2103

Stock and Incentive Plan - 2010 Plan - Restricted Stock Units (Details) - Restricted shares - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Activity in shares
Granted (in shares)		28,500
2010 Stock Option and Equity Incentive Plan
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)	(2,500)	(1,250)
Nonvested at the end of the period (in shares)	39,750	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)	10.17	10.85
Nonvested at the end of the period (in dollars per share)	$ 11.34	$ 10.86
Additional disclosures
Unrecognized compensation expense (in dollars)	$ 174	$ 286
Requisite service period to recognize compensation cost	1 year 7 months 13 days

Stock and Incentive Plan - Omni

Stock and Incentive Plan - Omnibus Plan (Details) - shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Omnibus Plan
Stock and Incentive Plans
Number of shares authorized	1,000,000
Number of shares awarded under stock options	52,080	33,474
Restricted stock units | Omnibus Plan
Stock and Incentive Plans
Number of shares awarded	33,474	89,903
Units granted to employees and directors		89,903
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
Stock and Incentive Plans
Units granted to employees and directors		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 - O105

Stock and Incentive Plan - Omnibus Plan Black Scholes Assumptions- (Details) - Omnibus Plan	12 Months Ended
	Dec. 31, 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%
Expected volatility, minimum (as a percent)	37.00%
Expected volatility, maximum (as a percent)	37.55%
Risk-free interest rate, minimum (as a percent)	1.76%
Risk-free interest rate, maximum (as a percent)	1.81%
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 - O106

Stock and Incentive Plan - Omnibus Plan - Options (Details) - Omnibus Plan - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Shares Underlying Options activity
Granted during the period (in shares)	52,080	33,474
Stock option
Shares Underlying Options activity
Outstanding at beginning of period (in shares)	0
Outstanding at the end of period (in shares)		0
Additional disclosures
Aggregate intrinsic value of outstanding stock options (in dollars)	$ 97
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
Outstanding at beginning of period	9 years 1 month 13 days
Outstanding at the end of period	9 years 1 month 13 days

Stock and Incentive Plan - O107

Stock and Incentive Plan - Omnibus Plan - Restricted Stock Units (Details) - Omnibus Plan - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Additional disclosures
Stock based compensation expense			$ 0
Restricted stock units
Activity in shares
Nonvested at the beginning of the period (in shares)	82,903
Granted (in shares)	33,474	89,903
Vested (in shares)	(16,451)	(7,000)
Forfeited (in shares)	(3,533)
Nonvested at the end of the period (in shares)	96,393	82,903
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	$ 13
Vested (in dollars per share)	13	13
Forfeited (in dollars per share)	13
Nonvested at the end of the period (in dollars per share)	$ 13.52	$ 13
Additional disclosures
Stock based compensation expense	$ 326	$ 126
Unrecognized compensation expense (in dollars)	$ 979	922
Requisite service period to recognize compensation cost	3 years 6 months
Stock option
Additional disclosures
Stock based compensation expense	$ 83	0
Unrecognized compensation expense (in dollars)	$ 187	$ 0
Requisite service period to recognize compensation cost	2 years 5 months 1 day

Related Party Transactions (Det

Related Party Transactions (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)entity	Dec. 31, 2014USD ($)
Related Party Transactions
Aggregate amounts of loans to the Company's employees, officers, directors and their affiliates	$ 8,371	$ 11,353
New advances to the Company's employees, officers, directors and their affiliates	6,100	2,745
Principal payments received from the loans to employees, officers, directors, and their affiliates	9,082	8,095
Unfunded commitments to related parties	3,425	228
Deposits received from related parties	29,892	$ 17,303
Face amount of subordinated notes issued to related party	$ 5,000
Number of related party lenders | entity	2

Preferred Stock (Details)

Preferred Stock (Details) $ / shares in Units, $ in Thousands	Dec. 22, 2015USD ($)$ / sharesshares	Aug. 25, 2011USD ($)itemshares	Dec. 31, 2015USD ($)$ / shares	Dec. 31, 2013USD ($)	Dec. 31, 2014$ / shares
Preferred Stock
Shares issued pursuant to SBLF program, value				$ 1,210
Liquidation amount (in dollars per share) | $ / shares					$ 1,000
Payments for redemption of preferred stock			$ 8,000
SBLF Preferred Stock
Preferred Stock
Number of quarters during which dividend rate fluctuates | item		10
Redemption price as a percentage of liquidation amount plus accrued but unpaid dividends		100.00%
Liquidation amount (in dollars per share) | $ / shares	$ 1,000		$ 1,000
Shares redeemed | shares	8,000
Payments for redemption of preferred stock	$ 8,018
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 | 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 Res110

Capital Requirements and Restrictions on Retained Earnings (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Total capital (to risk weighted assets)
Actual Amount					$ 119,208,000	$ 107,197,000
Actual Ratio (as a percent)					14.25%	17.22%
For Capital Adequacy Purposes Amount					$ 66,924,000	$ 49,814,000
For Capital Adequacy Purposes Ratio (as a percent)					8.00%	8.00%
Tier 1 capital (to risk weighted assets)
Actual Amount					$ 107,453,000	$ 96,236,000
Actual Ratio (as a percent)					12.85%	15.46%
For Capital Adequacy Purposes Amount					$ 50,173,000	$ 24,907,000
For Capital Adequacy Purposes Ratio (as a percent)					6.00%	4.00%
Common equity tier 1 to risk weighted assets
Actual Amount					$ 104,360,000
Actual Ratio (as a percent)					12.48
For Capital Adequacy Purposes Amount					$ 37,630,000
For Capital Adequacy Purposes Amount (as a percent)					4.50%
Tier 1 capital (to average assets)
Actual Amount					$ 107,453,000	$ 96,236,000
Actual Ratio (as a percent)					10.75%	12.66%
For Capital Adequacy Purposes Amount					$ 39,983,000	$ 30,400,000
For Capital Adequacy Purposes Ratio (as a percent)					4.00%	4.00%
Scenario, Forecast [Member]
Capital Requirements and Restrictions on Retained Earnings
Capital conservation buffer				0.625%
Capital conservation buffer yearly increase	0.625%	0.625%	0.625%
Capital conservation buffer desired rate	2.50%
Bank
Total capital (to risk weighted assets)
Actual Amount					$ 104,427,000	$ 79,616,000
Actual Ratio (as a percent)					12.49%	12.79%
For Capital Adequacy Purposes Amount					$ 66,887,000	$ 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					$ 83,608,000	$ 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					$ 97,655,000	$ 73,635,000
Actual Ratio (as a percent)					11.68%	11.83%
For Capital Adequacy Purposes Amount					$ 50,165,000	$ 24,894,000
For Capital Adequacy Purposes Ratio (as a percent)					6.00%	4.00%
To Be Well Capitalized Under Prompt Corrective Action Provisions Amount					$ 66,887,000	$ 37,341,000
To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio (as a percent)					8.00%	6.00%
Common equity tier 1 to risk weighted assets
Actual Amount					$ 97,655,000
Actual Ratio (as a percent)					11.68
For Capital Adequacy Purposes Amount					$ 37,624,000
For Capital Adequacy Purposes Amount (as a percent)					4.50%
To Be Well Capitalized Under Prompt Corrective Action Provisions Amount					$ 54,346,000
To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio (as a percent)					6.5
Tier 1 capital (to average assets)
Actual Amount					$ 97,655,000	$ 73,635,000
Actual Ratio (as a percent)					9.78%	9.69%
For Capital Adequacy Purposes Amount					$ 39,941,000	$ 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					$ 49,926,000	$ 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 ($)itemshares	Dec. 31, 2015USD ($)
Business Acquisition [Line Items]
Shares of common stock exchanged in connection with acquisition (in shares) | shares	1,185,067
Cash paid to shareholders of acquired entity	$ 4,000
Minimum | Core deposits intangibles
Business Acquisition [Line Items]
Estimated useful live		7 years
Maximum | Core deposits intangibles
Business Acquisition [Line Items]
Estimated useful live		9 years
IBT
Business Acquisition [Line Items]
Goodwill acquired, tax deductible amount	$ 0
Number of banking location in the Dallas metropolitan area. | item	2
Cash paid to shareholders of acquired entity	$ 4,000	$ 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		88,459
Bank premises, furniture and equipment		4,947
Securities available for sale		790
Bank-owned life insurance		1,024
Accrued interest receivable		250
Goodwill		7,717
Servicing assets		323
Core deposit intangibles		1,078
Total assets		124,384
Liabilities of acquired bank:
Deposits		97,426
FHLB advances		3,503
Other borrowings		926
Other liabilities		824
Total liabilities		102,679
IBT | Scenario, Previously Reported [Member]
Business Acquisition [Line Items]
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 | Restatement Adjustment [Member]
Assets of acquired bank:
Loans		(38)
Goodwill		840
Other assets		(504)
Total assets		298
Liabilities of acquired bank:
Other liabilities		298
Total liabilities		298
IBT | 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
Building | IBT
Assets of acquired bank:
Bank premises, furniture and equipment	$ 3,310	3,310
Land | IBT
Assets of acquired bank:
Bank premises, furniture and equipment	$ 1,490	$ 1,490

Parent Company Only Financia112

Parent Company Only Financial Statements - Balance Sheet (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
ASSETS
Cash and cash equivalents	$ 71,551	$ 93,251	$ 76,646	$ 53,160
Other assets	2,520	2,512
Total assets	1,039,600	802,286
LIABILITIES AND STOCKHOLDERS' EQUITY
Total liabilities	907,554	688,974
Stockholders' equity:
Preferred stock		8,000
Common stock	107	95
Additional paid-in capital	115,721	97,469
Retained earnings	16,739	8,047
Unallocated Employee Stock Ownership Plan Shares	(309)	(401)
Treasury stock	(70)	(70)
Accumulated other comprehensive income	(142)	172
Total stockholders' equity	132,046	113,312	66,239	$ 61,860
Total liabilities and stockholders' equity	1,039,600	802,286
Veritex Holdings, Inc.
ASSETS
Cash and cash equivalents	14,512	27,399	$ 2,018
Investment in subsidiaries	125,435	93,897
Other assets	332	232
Total assets	140,279	121,528
LIABILITIES AND STOCKHOLDERS' EQUITY
Other liabilities	157	142
Other borrowings	8,076	8,074
Total liabilities	8,233	8,216
Stockholders' equity:
Preferred stock		8,000
Common stock	107	95
Additional paid-in capital	115,721	97,469
Retained earnings	16,739	8,047
Unallocated Employee Stock Ownership Plan Shares	(309)	(401)
Treasury stock	(70)	(70)
Accumulated other comprehensive income	(142)	172
Total stockholders' equity	132,046	113,312
Total liabilities and stockholders' equity	$ 140,279	$ 121,528

Parent Company Only Financia113

Parent Company Only Financial Statements - Income Statement (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Interest income:
Interest receivable	$ 2	$ 2	$ 2
Interest expense:
Interest on borrowings	543	498	254
Net interest income	31,459	25,340	21,041
Noninterest expense:
Salaries and employee benefits	11,265	10,037	9,084
Professional fees	2,023	1,382	737
Other	1,506	1,056	962
Total noninterest expense	21,388	18,503	16,364
Net income from operations	12,907	7,910	5,185
Income tax expense	4,117	2,705	1,777
Net income	8,790	5,205	$ 3,408
Veritex Holdings, Inc.
Interest income:
Interest receivable	2	2
Interest expense:
Interest on borrowings	376	379
Net interest income	(374)	(377)
Noninterest expense:
Salaries and employee benefits	161	162
Professional fees	799	212
Other	2	17
Total noninterest expense	962	391
Net income from operations	(1,336)	(768)
Income tax expense	(454)	(256)
(Loss) Income before equity in undistributed income of subsidiaries	(882)	(512)
Equity in undistributed income of subsidiaries	9,672	5,717
Net income	$ 8,790	$ 5,205

Parent Company Only Financia114

Parent Company Only Financial Statements - Cash Flow (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Cash flows from operating activities:
Net income	$ 8,790	$ 5,205	$ 3,408
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Net cash provided by operating activities	16,048	2,233	6,141
Cash flows from investing activities:
Net cash used in investing activities	(145,973)	(116,700)	(119,771)
Cash flows from financing activities:
Sale of common stock in initial public offering, net of offering cost of $4,574		35,791
Proceeds from issuance of common stock, net		5,438	1,210
Proceeds from exercise of employee stock options	210
Redemption of SBLF preferred stock Series C	(8,000)
Purchase of common stock held in treasury			(70)
Proceeds from payments on ESOP Loan	109	118
Offering costs paid in connection with acquisition	(252)
Dividends paid on preferred stock	(98)	(80)	(60)
Issuance of subordinated notes			5,000
Net cash provided by financing activities	108,225	131,072	137,116
Net increase (decrease) in cash and cash equivalents	(21,700)	16,605	23,486
Cash and cash equivalents at beginning of year	93,251	76,646	53,160
Cash and cash equivalents at end of period	71,551	93,251	76,646
Veritex Holdings, Inc.
Cash flows from operating activities:
Net income	8,790	5,205
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Amortization of debt costs	2	2
Equity in undistributed net income of Bank	(9,672)	(5,717)
Decrease in other assets	9	68
(Decrease) Increase in other liabilities	(144)	(444)
Net cash provided by operating activities	(1,015)	(886)
Cash flows from investing activities:
Net cash paid in acquisition	(3,841)
Capital investment in subsidiaries		(15,000)
Net cash used in investing activities	(3,841)	(15,000)
Cash flows from financing activities:
Sale of common stock in initial public offering, net of offering cost of $4,574		35,791
Proceeds from issuance of common stock, net		5,438
Proceeds from exercise of employee stock options	210
Redemption of SBLF preferred stock Series C	(8,000)
Proceeds from payments on ESOP Loan	109	118
Offering costs paid in connection with acquisition	(252)
Dividends paid on preferred stock	(98)	(80)
Net cash provided by financing activities	(8,031)	41,267
Net increase (decrease) in cash and cash equivalents	(12,887)	25,381
Cash and cash equivalents at beginning of year	27,399	2,018
Cash and cash equivalents at end of period	$ 14,512	$ 27,399	$ 2,018

Parent Company Only Financia115

Parent Company Only Financial Statements - Cash Flow Parenthetical (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)
Veritex Holdings, Inc.
Condensed Cash Flow Statements, Captions [Line Items]
Offering costs	$ 4,574