Allegiance Bancshares (ABTX) 10-Q12 Aug 162016 Q2 Quarterly reportFinancial data

Company Profile

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
Document And Entity Information - shares	Jun. 30, 2016	Aug. 05, 2016
Document Information [Line Items]
Entity Registrant Name	Allegiance Bancshares, Inc.
Entity Central Index Key	1,642,081
Trading Symbol	abtx
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		12,875,660
Document Type	10-Q
Document Period End Date	Jun. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Amendment Flag	false

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($)		Jun. 30, 2016	Dec. 31, 2015
ASSETS
Cash and due from banks		$ 121,913,000	$ 63,380,000
Interest-bearing deposits at other financial institutions		88,950,000	85,051,000
Total cash and cash equivalents		210,863,000	148,431,000
Available for sale securities, at fair value		303,463,000	165,097,000
Loans held for sale	[1]		27,887,000
Loans held for investment		1,753,683,000	1,653,165,000
Less: allowance for loan losses		(14,917,000)	(13,098,000)
Loans, net		1,738,766,000	1,667,954,000
Accrued interest receivable		7,969,000	6,518,000
Premises and equipment, net		17,821,000	18,471,000
Other real estate owned		1,397,000	0
Federal Home Loan Bank stock		13,155,000	2,569,000
Branch assets held for sale			1,398,000
Bank owned life insurance		21,530,000	21,211,000
Goodwill		39,389,000	39,389,000
Core deposit intangibles, net		4,446,000	5,230,000
Other assets		8,782,000	8,311,000
TOTAL ASSETS		2,367,581,000	2,084,579,000
Deposits:
Noninterest-bearing		630,689,000	620,320,000
Interest-bearing
Demand		111,214,000	97,826,000
Money market and savings		451,950,000	431,305,000
Certificates and other time		649,486,000	609,682,000
Total interest-bearing deposits		1,212,650,000	1,138,813,000
Total deposits		1,843,339,000	1,759,133,000
Accrued interest payable		223,000	124,000
Short-term borrowings		30,000,000	50,000,000
Other borrowed funds		200,569,000	569,000
Subordinated debentures		9,142,000	9,089,000
Other liabilities		8,057,000	7,174,000
Total liabilities		2,091,330,000	1,826,089,000
COMMITMENTS AND CONTINGENCIES (See Note 12)
STOCKHOLDERS’ EQUITY:
Preferred stock, $1 par value; 1,000,000 shares authorized; there were no shares issued and outstanding of Series A or Series B, each has a $1,000 liquidation value		0	0
Common stock, $1 par value; 40,000,000 shares authorized; 12,869,410 shares issued and outstanding at June 30, 2016 and 12,814,696 shares issued and 12,812,985 shares outstanding at December 31, 2015		12,869,000	12,815,000
Capital surplus		210,512,000	209,285,000
Retained earnings		46,020,000	34,411,000
Accumulated other comprehensive income		6,850,000	2,017,000
Less: Treasury stock, at cost, 1,711 shares at December 31, 2015. There were no treasury shares outstanding at June 30, 2016.			(38,000)
Total stockholders’ equity		276,251,000	258,490,000
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY		$ 2,367,581,000	$ 2,084,579,000

[1]	Consisted of loans at two former F&M Bancshares locations acquired in 2015 and sold during the first quarter of 2016. At December 31, 2015, loans held for sale consisted of $13.2 million of commercial and industrial loans, $11.6 million of commercial real estate (including multi-family residential) loans, $2.3 million of 1-4 family residential (including home equity) loans and $803 thousand of consumer and other loans. Loans held for sale were carried at lower of aggregate cost or fair value.

Consolidated Balance Sheets (C3

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Series A Preferred Stock [Member]
Shares issued (in shares)	0	0
Shares outstanding (in shares)	0	0
Liquidation value	$ 1	$ 1
Series B Preferred Stock [Member]
Shares issued (in shares)	0	0
Shares outstanding (in shares)	0	0
Liquidation value	$ 1	$ 1
Preferred stock, par value (in dollars per share)	$ 1	$ 1
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized (in shares)	40,000,000	40,000,000
Common stock, shares issued (in shares)	12,869,410	12,814,696
Common stock, shares outstanding (in shares)	12,869,410	12,814,696
Treasury stock, shares (in shares)	0	1,711

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
INTEREST INCOME:
Loans, including fees	$ 22,839	$ 21,079	$ 45,067	$ 41,385
Securities:
Taxable	452	337	723	776
Tax-exempt	1,086	384	1,896	384
Deposits in other financial institutions	150	50	292	124
Total interest income	24,527	21,850	47,978	42,669
INTEREST EXPENSE:
Demand, money market and savings deposits	569	525	1,113	1,037
Certificates and other time deposits	1,665	1,211	3,225	2,355
Short-term borrowings	106	2	245	2
Subordinated debentures	120	162	237	325
Other borrowed funds	118	216	125	446
Total interest expense	2,578	2,116	4,945	4,165
NET INTEREST INCOME	21,949	19,734	43,033	38,504
Provision for loan losses	(1,645)	(1,420)	(2,355)	(2,103)
Net interest income after provision for loan losses	20,304	18,314	40,678	36,401
NONINTEREST INCOME:
Nonsufficient funds fees	145	168	308	333
Service charges on deposit accounts	173	176	318	351
Gain on sale of branch assets			2,050
Loss on sale of other real estate				(6)
Bank owned life insurance income	153	174	319	266
Other	741	429	1,521	869
Total noninterest income	1,212	947	4,516	1,813
NONINTEREST EXPENSE:
Salaries and employee benefits	9,177	8,481	18,450	17,423
Net occupancy and equipment	1,214	1,274	2,446	2,358
Depreciation	415	409	832	776
Data processing and software amortization	622	827	1,275	1,453
Professional fees	401	397	935	877
Regulatory assessments and FDIC insurance	355	320	700	694
Core deposit intangibles amortization	195	207	394	415
Communications	274	358	554	692
Advertising	197	184	398	322
Other	1,073	965	2,192	1,998
Total noninterest expense	13,923	13,422	28,176	27,008
INCOME BEFORE INCOME TAXES	7,593	5,839	17,018	11,206
Provision for income taxes	2,339	1,956	5,409	3,852
NET INCOME	5,254	3,883	11,609	7,354
Preferred stock dividends		260		386
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	$ 5,254	$ 3,623	$ 11,609	$ 6,968
EARNINGS PER COMMON SHARE:
Basic (in dollars per share)	$ 0.41	$ 0.37	$ 0.90	$ 0.71
Diluted (in dollars per share)	$ 0.40	$ 0.36	$ 0.89	$ 0.70

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Net income	$ 5,254	$ 3,883	$ 11,609	$ 7,354
Unrealized gain (loss) on securities:
Change in unrealized holding gain (loss) on available for sale securities during the period	6,232	(1,722)	7,435	(965)
Reclassification of amount realized through the sale of securities
Total other comprehensive income (loss)	6,232	(1,722)	7,435	(965)
Deferred tax expense (benefit) related to other comprehensive income (loss)	(2,181)	601	(2,602)	329
Other comprehensive income (loss), net of tax	4,051	(1,121)	4,833	(636)
Comprehensive income	$ 9,305	$ 2,762	$ 16,442	$ 6,718

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($)	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Treasury Stock [Member]	Total
Balance (in shares) at Dec. 31, 2014		7,477,309
Balance at Dec. 31, 2014		$ 7,477,000	$ 104,568,000	$ 19,184,000	$ 549,000		$ 131,778,000
Net income				7,354,000			7,354,000
Other comprehensive loss					(636,000)		(636,000)
Common stock issued in connection with the exercise of stock options and restricted stock awards (in shares)		3,983
Common stock issued in connection with the exercise of stock options and restricted stock awards		$ 4,000	7,000				11,000
Repurchase of treasury stock						(51,000)	(51,000)
Issuance of common stock (in shares)		4,884
Issuance of common stock		$ 5,000	103,000			13,000	121,000
Common stock issued in connection with the acquisition of F&M Bancshares, Inc. (in shares)		2,338,520
Common stock issued in connection with the acquisition of F&M Bancshares, Inc.		$ 2,339,000	49,108,000				51,447,000
Preferred stock issued in connection with the acquisition of F&M Bancshares, Inc. (in shares)	11,550
Preferred stock issued in connection with the acquisition of F&M Bancshares, Inc.	$ 11,550,000						11,550,000
Preferred stock dividends				(386,000)			(386,000)
Stock based compensation expense			642,000				642,000
Balance (in shares) at Jun. 30, 2015	11,550	9,824,696
Balance at Jun. 30, 2015	$ 11,550,000	$ 9,825,000	154,428,000	26,152,000	(87,000)	(38,000)	201,830,000
Issuance of treasury stock						51,000	51,000
Balance (in shares) at Dec. 31, 2015		12,814,696
Balance at Dec. 31, 2015		$ 12,815,000	209,285,000	34,411,000	2,017,000	(38,000)	258,490,000
Net income				11,609,000			11,609,000
Other comprehensive loss					4,833,000		4,833,000
Common stock issued in connection with the exercise of stock options and restricted stock awards (in shares)		54,714
Common stock issued in connection with the exercise of stock options and restricted stock awards		$ 54,000	520,000				574,000
Repurchase of treasury stock						(38,000)	(38,000)
Stock based compensation expense			707,000				707,000
Balance (in shares) at Jun. 30, 2016		12,869,410
Balance at Jun. 30, 2016		$ 12,869,000	$ 210,512,000	$ 46,020,000	$ 6,850,000		276,251,000
Issuance of treasury stock						$ 38,000	$ 38,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
Consolidated Statements of Cash Flows (Unaudited) - USD ($)	Jun. 30, 2016	Jun. 30, 2015
F&M Bancshares. Inc. [Member]
CASH FLOWS FROM INVESTING ACTIVITIES:
Net cash and cash equivalents acquired in the purchase of F&M Bancshares, Inc.		$ 106,486,000
Net income	11,609,000	7,354,000
Depreciation and core deposit intangibles amortization	1,226,000	1,190,000
Provision for loan losses	2,355,000	2,103,000
Net amortization of premium on investments	1,329,000	455,000
Bank owned life insurance	(319,000)	(266,000)
Net accretion of discount on loans	(904,000)	(2,350,000)
Net amortization of discount on subordinated debentures	53,000	161,000
Net amortization of discount on certificates of deposit	(175,000)	(460,000)
Net loss on sale or write down of premises, equipment and other real estate		6,000
Net gain on sale of branch assets	(2,050,000)
Federal Home Loan Bank stock dividends	(32,000)
Stock based compensation expense	707,000	642,000
(Increase) decrease in accrued interest receivable and other assets	(3,549,000)	214,000
Increase (decrease) in accrued interest payable and other liabilities	1,246,000	(434,000)
Net cash provided by operating activities	11,496,000	8,615,000
Proceeds from maturities and principal paydowns of available for sale securities	1,962,150,000	474,189,000
Proceeds from sales of available for sale securities		14,748,000
Purchase of available for sale securities	(2,094,410,000)	(542,335,000)
Net change in total loans	(91,751,000)	(152,652,000)
Purchase of bank premises and equipment	(196,000)	(1,531,000)
Purchase of bank owned life insurance		(10,000,000)
Net purchases of Federal Home Loan Bank stock	(10,985,000)	(2,898,000)
Net cash paid for the sale of branch assets	(5,250,000)
Net cash used in investing activities	(240,442,000)	(113,993,000)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase (decrease) in noninterest-bearing deposits	16,897,000	(2,822,000)
Net increase in interest-bearing deposits	93,869,000	4,650,000
Paydowns of long-term borrowings		(18,000,000)
Proceeds from long-term borrowings	200,000,000	18,000,000
Paydowns of short-term borrowings	(20,000,000)
Proceeds from short-term borrowings		75,000,000
Preferred stock dividends		(386,000)
Proceeds from the issuance of common stock, stock option exercises, restricted stock awards and the ESPP	574,000	132,000
Issuance (repurchase) of treasury stock	38,000	(51,000)
Net cash provided by financing activities	291,378,000	76,523,000
NET CHANGE IN CASH AND CASH EQUIVALENTS	62,432,000	(28,855,000)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	148,431,000	167,540,000
CASH AND CASH EQUIVALENTS, END OF PERIOD	210,863,000	138,685,000
NONCASH ACTIVITIES:
Acquired loans transferred to loans held for sale		33,409,000
Acquired premises and equipment and accrued interest receivable transferred to branch assets held for sale		1,662,000
SUPPLEMENTAL INFORMATION:
Income taxes paid	6,100,000	3,400,000
Interest paid	$ 2,298,000	$ 3,647,000

Note 1 - Nature of Operations a

Note 1 - Nature of Operations and Summary of Significant Accounting and Reporting Policies	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Basis of Presentation and Significant Accounting Policies [Text Block]	1. NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING AND REPORTING POLICIES Nature of Operations- Basis of Presentation- In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments considered necessary for a fair presentation of the financial position, results of operations and cash flows of the Company on a consolidated basis, and all such adjustments are of a normal recurring nature. Transactions with Allegiance have been eliminated. The condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2015. Operating results for the three and six months ended June 30, 2016 are not necessarily indicative of the results that may be expected for the year ending December 31, 2016. Furthermore, the acquisition of F&M Bancshares, Inc. during the first quarter of 2015 may impact the comparability of year to date 2016 versus year to date 2015 comparable information. Significant Accounting and Reporting Policies The Company’s significant accounting and reporting policies can be found in Note 1 of the Company’s annual financial statements included the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2015. New Accounting Standards Adoption of New Accounting Standards On January 1, 2016, the Company adopted ASU 2015-16, “Business Combinations (Topic 805) – Simplifying the Accounting for Measurement-Period Adjustments.” Newly Issued But Not Yet Effective Accounting Standards ASU 2014-09 “Revenue from Contract with Customers (Topic 606).” ASU 2014-09 supersedes the revenue recognition requirements in Revenue Recognition (Topic 605), and most industry-specific guidance throughout the Industry Topics of the Codification. 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 is currently effective for the Company beginning on January 1, 2018 with retrospective application to each prior reporting period presented. The Company is currently evaluating the potential impact of ASU 2014-09 on the Company’s financial statements. ASU 2016-02 “Leases (Topic 842).” will, among other things, require lessees to recognize a lease liability, which is a lessee’s obligation to make lease payments arising from a lease, measured on a discounted basis; and a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. ASU 2016-02 does not significantly change lease accounting requirements applicable to lessors; however, certain changes were made to align, where necessary, lessor accounting with the lessee accounting model and ASC Topic 606, “Revenue from Contracts with Customers.” ASU 2016-02 will be effective for the Company on January 1, 2019 and will require transition using a modified retrospective approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The Company is currently evaluating the potential impact of ASU 2016-02 on the Company’s financial statements. ASU 2016-09, “Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting.” ASU No. 2016-10, “Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing.”

Note 2 - Acquisitions

Note 2 - Acquisitions	6 Months Ended
Note 2 - Acquisitions	Jun. 30, 2016
Notes to Financial Statements
Business Combination Disclosure [Text Block]	2. ACQUISITIONS 2015 Acquisition Acquisition of F&M Bancshares Pursuant to the merger agreement, the Company issued 2,338,520 shares of Company common stock for all outstanding shares of F&M Bancshares capital stock and paid $642 thousand in cash for any fractional and out of state shares held by F&M Bancshares shareholders. The Company recognized initial The Company finalized its valuation of all assets and liabilities acquired, resulting in no changes to purchase accounting adjustments. A summary of the final purchase price allocation is as follows (dollars in thousands): Fair value of consideration paid: Common shares issued (2,338,520 shares) $ 51,447 Preferred shares issued (11,550 shares) 11,550 Cash consideration 642 Total consideration paid $ 63,639 Fair value of assets acquired: Cash and cash equivalents $ 107,128 Investment Securities 14,722 Loans, net 404,637 Premises and equipment 7,699 Core deposit intangibles 4,313 Other assets 15,896 Total assets acquired $ 554,395 Fair value of liabilities assumed: Deposits $ 489,556 Subordinated debt 8,871 Other borrowed funds 18,000 Other liabilities 2,574 Total liabilities assumed 519,001 Fair value of net assets acquired $ 35,394 Goodwill resulting from acquisition $ 28,245 Subsequent to the acquisition, the Company paid off the $18.0 million of borrowed funds from F&M shareholders by drawing on its borrowing facility with another financial institution. Additionally, the securities acquired from F&M Bancshares were sold subsequent to the acquisition with no income statement impact. On July 15, 2015, the Company redeemed all of the outstanding shares of the Company’s Series A and Series B preferred stock for an aggregate redemption price of $11.7 million (which is the sum of the liquidation amount plus accrued and unpaid dividends up to but excluding the redemption date). The Company issued the shares of Series A and Series B preferred stock in connection with the F&M Bancshares acquisition, which had preferred stock pursuant to the U.S. Treasury’s Troubled Asset Relief Program. The Company incurred approximately $941 thousand of pre-tax merger related expenses during the year ended December 31, 2015. The merger expenses are reflected on the Company’s income statement for the applicable period and are reported primarily in the categories of salaries and benefits and professional fees.

Note 3 - Goodwill and Core Depo

Note 3 - Goodwill and Core Deposit Intangibles	6 Months Ended
Note 3 - Goodwill and Core Deposit Intangibles	Jun. 30, 2016
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	3. GOODWILL AND CORE DEPOSIT INTANGIBLE ASSETS Changes in the carrying amount of the Company’s goodwill and core deposit intangible assets were as follows: Goodwill Core Deposit (Dollars in thousands) Balance as of January 1, 2015 $ 11,144 $ 1,747 Acquisition of F&M Bancshares 28,245 4,313 Amortization - (830 ) Balance as of December 31, 2015 39,389 5,230 Sale of branch assets - (390 ) Amortization - (394 ) Balance as of June 30, 2016 $ 39,389 $ 4,446 Goodwill is recorded on the acquisition date of an entity. Management performs an evaluation annually, and more frequently if a triggering event occurs, of whether any impairment of the goodwill and other intangible assets has occurred. If any such impairment is determined, a write-down is recorded. As of June 30, 2016, there were no impairments recorded on goodwill and other intangible assets. During the first quarter of 2016, the Bank completed the sale of the two Central Texas branch locations acquired from F&M Bancshares in 2015 and wrote-down the core deposit intangible assets related to those locations. The estimated aggregate future amortization expense for core deposit intangible assets remaining as of June 30, 2016 is as follows (dollars in thousands): Remaining 2016 $ 391 2017 781 2018 781 2019 781 2020 744 Thereafter 968 Total $ 4,446

Note 4 - Securities

Note 4 - Securities	6 Months Ended
Note 4 - Securities	Jun. 30, 2016
Notes to Financial Statements
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	4. SECURITIES The amortized cost and fair value of investment securities were as follows: June 30, 2016 Amortized Gross Gross Fair (Dollars in thousands) Available for Sale U.S. Government and agency securities $ 8,708 $ 656 $ - $ 9,364 Municipal securities 209,540 8,953 - 218,493 Agency mortgage-backed pass-through securities 26,556 651 (102 ) 27,105 Corporate bonds 48,121 401 (21 ) 48,501 Total $ 292,925 $ 10,661 $ (123 ) $ 303,463 December 31, 2015 Amortized Gross Gross Fair (Dollars in thousands) Available for Sale U.S. Government and agency securities $ 8,674 $ 412 $ - $ 9,086 Municipal securities 123,809 2,575 (35 ) 126,349 Agency mortgage-backed pass-through securities 29,511 397 (246 ) 29,662 Total $ 161,994 $ 3,384 $ (281 ) $ 165,097 The amortized cost and fair value of investment securities at June 30, 2016, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations at any time with or without call or prepayment penalties. Amortized Fair (Dollars in thousands) Due in one year or less $ 5,090 $ 5,110 Due after one year through five years 67,854 68,636 Due after five years through ten years 74,430 77,123 Due after ten years 118,995 125,489 Subtotal 266,369 276,358 Agency mortgage-backed pass through securities 26,556 27,105 Total $ 292,925 $ 303,463 As of June 30, 2016, the Company’s management does not expect to sell any securities classified as available for sale with material unrealized losses; and the Company believes that the Company more likely than not will not be required to sell any of these securities before their anticipated recovery, at which time the Company will receive full value for the securities. The fair value is expected to recover as the securities approach their maturity date or repricing date or if market yields for such investments decline. Management does not believe any of the securities are impaired due to reasons of credit quality. Accordingly, as of June 30, 2016, management believes the unrealized losses in the previous table are temporary and no other than temporary impairment loss has been realized in the Company’s consolidated statements of income. Securities with unrealized losses segregated by length of time such securities have been in a continuous loss position are as follows: June 30, 2016 Less than 12 Months More than 12 Months Total Estimated Unrealized Estimated Unrealized Estimated Unrealized (Dollars in thousands) Available for Sale U.S. Government and agency securities $ - $ - $ - $ - $ - $ - Municipal securities 229 - 185 - 414 - Agency mortgage-backed pass-through securities 826 (4 ) 6,841 (98 ) 7,667 (102 ) Corporate bonds 7,752 (21 ) - - 7,752 (21 ) Total $ 8,807 $ (25 ) $ 7,026 $ (98 ) $ 15,833 $ (123 ) December 31, 2015 Less than 12 Months More than 12 Months Total Estimated Unrealized Estimated Unrealized Estimated Unrealized (Dollars in thousands) Available for Sale U.S. Government and agency securities $ - $ - $ - $ - $ - $ - Municipal securities 6,867 (30 ) 298 (5 ) 7,165 (35 ) Agency mortgage-backed pass-through securities 4,952 (36 ) 9,519 (210 ) 14,471 (246 ) Total $ 11,819 $ (66 ) $ 9,817 $ (215 ) $ 21,636 $ (281 ) During the first quarter of 2015, the Company sold all securities acquired in the F&M Bancshares acquisition, resulting in gross proceeds of approximately $15.0 million. No gains or losses were recognized. No securities were sold during the three and six months ended June 30, 2016. At June 30, 2016 and December 31, 2015, the Company did not own securities of any one issuer, other than the U.S government and its agencies, in an amount greater than 10% of consolidated stockholders’ equity at such respective dates. The carrying value of pledged securities was $4.9 million at June 30, 2016. The securities are pledged to further collateralize letters of credit issued by the Bank but confirmed by another financial institution.

Note 5 - Loans and Allowance fo

Note 5 - Loans and Allowance for Loan Losses	6 Months Ended
Note 5 - Loans and Allowance for Loan Losses	Jun. 30, 2016
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	5. LOANS AND ALLOWANCE FOR LOAN LOSSES The loan portfolio balances, net of unearned income and fees, consist of various types of loans primarily made to borrowers located within Texas and are classified by major type as follows: June 30, December 31, (Dollars in thousands) Loans held for sale (1) $ - $ 27,887 Commercial and industrial 382,795 383,044 Mortgage warehouse 75,554 59,071 Real estate: Commercial real estate (including multi-family residential) 806,771 745,595 Commercial real estate construction and land development 161,572 154,646 1-4 family residential (including home equity) 214,442 205,200 Residential construction 101,677 93,848 Consumer and other 10,872 11,761 Total loans held for investment 1,753,683 1,653,165 Total loans 1,753,683 1,681,052 Allowance for loan losses (14,917 ) (13,098 ) Loans, net $ 1,738,766 $ 1,667,954 (1) Consisted of loans at two former F&M Bancshares locations acquired in 2015 and sold during the first quarter of 2016. At December 31, 2015, loans held for sale consisted of $13.2 million of commercial and industrial loans, $11.6 million of commercial real estate (including multi-family residential) loans, $2.3 million of 1-4 family residential (including home equity) loans and $803 thousand of consumer and other loans. Loans held for sale were carried at the lower of aggregate cost or fair value. Nonaccrual and Past Due Loans An aging analysis of the recorded investment in past due loans, segregated by class of loans, is as follows: June 30, 2016 Loans Past Due and Still Accruing 30-89 90 or More Total Past Nonaccrual Current Total (Dollars in thousands) Commercial and industrial $ 956 $ - $ 956 $ 2,723 $ 379,116 $ 382,795 Mortgage warehouse - - - - 75,554 75,554 Real estate: Commercial real estate (including multi-family residential) 628 - 628 4,141 802,002 806,771 Commercial real estate construction and land development 890 - 890 - 160,682 161,572 1-4 family residential (including home equity) 213 - 213 227 214,002 214,442 Residential construction - - - - 101,677 101,677 Consumer and other - - - 33 10,839 10,872 Total loans $ 2,687 $ - $ 2,687 $ 7,124 $ 1,743,872 $ 1,753,683 December 31, 2015 Loans Past Due and Still Accruing 30-89 90 or More Total Past Nonaccrual Current Total (Dollars in thousands) Loans held for sale $ 539 $ - $ 539 $ 209 $ 27,139 $ 27,887 Commercial and industrial 1,474 - 1,474 2,664 378,906 383,044 Mortgage warehouse - - - - 59,071 59,071 Real estate: Commercial real estate (including multi-family residential) 1,866 - 1,866 2,006 741,723 745,595 Commercial real estate construction and land development 77 - 77 - 154,569 154,646 1-4 family residential (including home equity) 1,904 - 1,904 239 203,057 205,200 Residential construction - - - - 93,848 93,848 Consumer and other 36 - 36 66 11,659 11,761 Total loans held for investment 5,357 - 5,357 4,975 1,642,833 1,653,165 Total loans $ 5,896 $ - $ 5,896 $ 5,184 $ 1,669,972 $ 1,681,052 Impaired Loans Impaired loans by class of loans are set forth in the following tables. The average recorded investment presented in the table below is reported on a year-to-date basis. June 30, 2016 Recorded Unpaid Related Average Interest (Dollars in thousands) With no related allowance recorded: Commercial and industrial $ 3,037 $ 3,782 $ - $ 3,548 $ 98 Mortgage warehouse - - - - - Real estate: Commercial real estate (including multi-family residential) 11,154 11,240 - 11,599 222 Commercial real estate construction and land development - - - - - 1-4 family residential (including home equity) 227 227 - 233 8 Residential construction - - - - - Consumer and other 11 11 - 13 - Total 14,429 15,260 - 15,393 328 With an allowance recorded: Commercial and industrial 2,365 2,365 936 2,411 66 Mortgage warehouse - - - - - Real estate: Commercial real estate (including multi-family residential) - - - - - Commercial real estate construction and land development - - - - - 1-4 family residential (including home equity) - - - - - Residential construction - - - - - Consumer and other 22 22 13 25 1 Total 2,387 2,387 949 2,436 67 Total: Commercial and industrial 5,402 6,147 936 5,959 164 Mortgage warehouse - - - - - Real estate: Commercial real estate (including multi-family residential) 11,154 11,240 - 11,599 222 Commercial real estate construction and land development - - - - - 1-4 family residential (including home equity) 227 227 - 233 8 Residential construction - - - - - Consumer and other 33 33 13 38 1 $ 16,816 $ 17,647 $ 949 $ 17,829 $ 395 Year Ended December 31, 2015 Recorded Unpaid Related Average Interest (Dollars in thousands) With no related allowance recorded: Commercial and industrial $ 3,842 $ 4,216 $ - $ 3,698 $ 222 Mortgage warehouse - - - - - Real estate: Commercial real estate (including multi-family residential) 4,700 4,700 - 4,833 285 Commercial real estate construction and land development - - - - - 1-4 family residential (including home equity) 239 239 - 248 13 Residential construction - - - - - Consumer and other 82 97 - 102 8 Total 8,863 9,252 - 8,881 528 With an allowance recorded: Commercial and industrial 1,573 1,573 670 2,040 87 Mortgage warehouse - - - - - Real estate: Commercial real estate (including multi-family residential) 1,146 1,146 180 1,122 77 Commercial real estate construction and land development - - - - - 1-4 family residential (including home equity) - - - - - Residential construction - - - - - Consumer and other 19 19 9 21 1 Total 2,738 2,738 859 3,183 165 Total: Commercial and industrial 5,415 5,789 670 5,738 309 Mortgage warehouse - - - - - Real estate: Commercial real estate (including multi-family residential) 5,846 5,846 180 5,955 362 Commercial real estate construction and land development - - - - - 1-4 family residential (including home equity) 239 239 - 248 13 Residential construction - - - - - Consumer and other 101 116 9 123 9 $ 11,601 $ 11,990 $ 859 $ 12,064 $ 693 The total average recorded investment of impaired loans for the six months ended June 30, 2015 was $7.1 million. Total interest income recognized for the six months ended June 30, 2015 on impaired loans was $186 thousand. Credit Quality Indicators The company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt, including factors such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends. The Company analyzes loans individually by classifying the loans by credit risk. As part of the ongoing monitoring of the credit quality of the Company’s loan portfolio and methodology for calculating the allowance for credit losses, management assigns and tracks risk ratings to be used as credit quality indicators. The following is a general description of the risk ratings used: Watch Special Mention Substandard Doubtful Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be pass rated loans. Based on the most recent analysis performed, the risk category of loans by class of loan at June 30, 2016 is as follows: Pass Watch Special Mention Substandard Doubtful Total (Dollars in thousands) Commercial and industrial $ 358,753 $ 2,683 $ 7,001 $ 14,358 $ - $ 382,795 Mortgage warehouse 75,554 - - - - 75,554 Real estate: Commercial real estate (including multi-family residential) 766,685 7,620 5,378 27,088 - 806,771 Commercial real estate construction and land development 152,267 7,410 - 1,895 - 161,572 1-4 family residential (including home equity) 210,009 300 2,054 2,079 - 214,442 Residential construction 101,677 - - - - 101,677 Consumer and other 10,480 262 3 127 - 10,872 Total loans $ 1,675,425 $ 18,275 $ 14,436 $ 45,547 $ - $ 1,753,683 The following table presents the risk category of loans by class of loan at December 31, 2015: Pass Watch Special Mention Substandard Doubtful Total (Dollars in thousands) Loans held for sale $ 26,570 $ 477 $ 19 $ 821 $ - $ 27,887 Commercial and industrial 366,479 8,094 1,253 7,218 - 383,044 Mortgage warehouse 59,071 - - - - 59,071 Real estate: Commercial real estate (including multi-family residential) 721,781 7,186 790 15,838 - 745,595 Commercial real estate construction and land development 152,380 1,846 - 420 - 154,646 1-4 family residential (including home equity) 200,262 2,385 390 2,163 - 205,200 Residential construction 93,848 - - - - 93,848 Consumer and other 11,522 155 18 66 - 11,761 Total loans held for investment 1,605,343 19,666 2,451 25,705 - 1,653,165 Total loans $ 1,631,913 $ 20,143 $ 2,470 $ 26,526 $ - $ 1,681,052 Allowance for Loan Losses The following table presents the activity in the allowance for loan losses by portfolio type for the three and six months ended June 30, 2016 and June 30, 2015: Commercial Mortgage Commercial real Commercial real 1-4 family Residential Consumer Total (Dollars in thousands) Allowance for loan losses: Three Months Ended Balance March 31, 2016 $ 4,057 $ - $ 5,905 $ 1,352 $ 1,484 $ 889 $ 70 $ 13,757 Provision for loan losses 480 - 984 16 158 (2 ) 9 1,645 Charge-offs (442 ) - (43 ) - - - (12 ) (497 ) Recoveries 10 - - - - - 2 12 Net charge-offs (432 ) - (43 ) - - - (10 ) (485 ) Balance June 30, 2016 $ 4,105 $ - $ 6,846 $ 1,368 $ 1,642 $ 887 $ 69 $ 14,917 Six Months Ended Balance January 1, 2016 $ 3,644 $ - $ 5,914 $ 1,221 $ 1,432 $ 820 $ 67 $ 13,098 Provision for loan losses 859 - 1,061 147 200 67 21 2,355 Charge-offs (443 ) - (129 ) - - - (22 ) (594 ) Recoveries 45 - - - 10 - 3 58 Net charge-offs (398 ) - (129 ) - 10 - (19 ) (536 ) Balance June 30, 2016 $ 4,105 $ - $ 6,846 $ 1,368 $ 1,642 $ 887 $ 69 $ 14,917 Commercial Mortgage Commercial real Commercial real 1-4 family Residential Consumer Total (Dollars in thousands) Allowance for loan losses: Three Months Ended Balance March 31, 2015 $ 2,960 $ - $ 3,551 $ 646 $ 1,130 $ 596 $ 57 $ 8,940 Provision for loan losses (6 ) - 982 196 125 111 12 1,420 Charge-offs (70 ) - - - - - (2 ) (72 ) Recoveries 21 - - - - 3 - 24 Net charge-offs (49 ) - - - - 3 (2 ) (48 ) Balance June 30, 2015 $ 2,905 $ - $ 4,533 $ 842 $ 1,255 $ 710 $ 67 $ 10,312 Six Months Ended Balance January 1, 2015 $ 2,334 $ - $ 3,799 $ 578 $ 1,008 $ 475 $ 52 $ 8,246 Provision for loan losses 614 - 734 264 247 213 31 2,103 Charge-offs (82 ) - - - - - (18 ) (100 ) Recoveries 39 - - - - 22 2 63 Net charge-offs (43 ) - - - - 22 (16 ) (37 ) Balance June 30, 2015 $ 2,905 $ - $ 4,533 $ 842 $ 1,255 $ 710 $ 67 $ 10,312 The following table presents the balance in the allowance for loan losses by portfolio type based on the impairment method as of June 30, 2016 and December 31, 2015: Commercial Mortgage Commercial real Commercial real 1-4 family Residential Consumer Total (Dollars in thousands) Allowance for loan losses related to: June 30, 2016 Individually evaluated for impairment $ 936 $ - $ - $ - $ - $ - $ 13 $ 949 Collectively evaluated for impairment 3,169 - 6,846 1,368 1,642 887 56 13,968 Total allowance for loan losses $ 4,105 $ - $ 6,846 $ 1,368 $ 1,642 $ 887 $ 69 $ 14,917 December 31, 2015 Individually evaluated for impairment $ 670 $ - $ 180 $ - $ - $ - $ 9 $ 859 Collectively evaluated for impairment 2,974 - 5,734 1,221 1,432 820 58 12,239 Total allowance for loan losses $ 3,644 $ - $ 5,914 $ 1,221 $ 1,432 $ 820 $ 67 $ 13,098 The following table presents the recorded investment in loans held for investment by portfolio type based on the impairment method as of June 30, 2016 and December 31, 2015: Commercial Mortgage Commercial real Commercial real 1-4 family Residential Consumer Total (Dollars in thousands) Recorded investment in loans: June 30, 2016 Individually evaluated for impairment $ 5,402 $ - $ 11,154 $ - $ 227 $ - $ 33 $ 16,816 Collectively evaluated for impairment 377,393 75,554 795,617 161,572 214,215 101,677 10,839 1,736,867 Total loans evaluated for impairment $ 382,795 $ 75,554 $ 806,771 $ 161,572 $ 214,442 $ 101,677 $ 10,872 $ 1,753,683 December 31, 2015 Individually evaluated for impairment $ 5,415 $ - $ 5,846 $ - $ 239 $ - $ 101 $ 11,601 Collectively evaluated for impairment 377,629 59,071 739,749 154,646 204,961 93,848 11,660 1,641,564 Total loans evaluated for impairment $ 383,044 $ 59,071 $ 745,595 $ 154,646 $ 205,200 $ 93,848 $ 11,761 $ 1,653,165 Troubled Debt Restructurings Following is a summary of loans modified under troubled debt restructurings during the six months ended June 30, 2016 and June 30, 2015: As of June 30, 2016 2015 Number of Pre- Post- Number of Pre- Post- (Dollars in thousands) Troubled Debt Restructurings Commercial and industrial 12 $ 2,931 $ 2,931 3 $ 2,049 $ 2,043 Mortgage warehouse Real estate: Commercial real estate (including multi-family residential) 6 6,250 6,250 - - - Commercial real estate construction and land development - - - - - - 1-4 family residential (including home equity) - - - - - - Residential construction - - - - - - Consumer and other 1 7 7 - - - Total 19 $ 9,188 $ 9,188 3 $ 2,049 $ 2,043 As of June 30, 2016 and December 31, 2015, the Company had a recorded investment in troubled debt restructurings of $11.7 million and $3.1 million, respectively. The Company allocated $642 thousand and $681 thousand of specific reserves for troubled debt restructurings at June 30, 2016 and December 31, 2015, respectively, and did not commit to lend additional amounts on these loans. As of June 30, 2016 and June 30, 2015, there were no loans modified under troubled debt restructurings during the previous twelve month period that subsequently defaulted during the six months ended June 30, 2016 and June 30, 2015, respectively.

Note 6 - Fair Value

Note 6 - Fair Value	6 Months Ended
Note 6 - Fair Value	Jun. 30, 2016
Notes to Financial Statements
Fair Value Disclosures [Text Block]	6. FAIR VALUE The Company uses fair value measurements to record fair value adjustments to certain assets and to determine fair value disclosures. Fair value represents the exchange price that would be received from selling an asset or paid to transfer a liability, otherwise known as an “exit price”, in the principal or most advantageous market available to the entity in an orderly transaction between market participants on the measurement date. Fair Value Hierarchy The Company groups financial assets and financial liabilities measured at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. These levels are: • Level 1—Quoted prices for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. • Level 2—Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. • Level 3—Significant unobservable inputs that reflect management’s judgment and assumptions that market participants would use in pricing an asset or liability that are supported by little or no market activity. The carrying amounts and estimated fair values of financial instruments that are reported on the balance sheet are as follows: As of June 30, 2016 Carrying Estimated Fair Value Amount Level 1 Level 2 Level 3 Total Financial assets (Dollars in thousands) Cash and cash equivalents $ 210,863 $ 210,863 $ - $ - $ 210,863 Available for sale securities 303,463 - 303,463 - 303,463 Loans held for investment, net of allowance 1,738,766 - - 1,743,626 1,743,626 Accrued interest receivable 7,969 7 2,766 5,196 7,969 Financial liabilities Total deposits $ 1,843,339 $ - $ 1,846,235 - $ 1,846,235 Accrued interest payable 223 - 223 - 223 Short-term borrowings 30,000 - 30,000 - 30,000 Other borrowed funds 200,569 - 200,569 - 200,569 Subordinated debentures 9,142 - 9,142 - 9,142 As of December 31, 2015 Carrying Estimated Fair Value Amount Level 1 Level 2 Level 3 Total Financial assets (Dollars in thousands) Cash and cash equivalents $ 148,431 $ 148,431 $ - $ - $ 148,431 Available for sale securities 165,097 - 165,097 - 165,097 Loans held for sale 27,887 - - 27,887 27,887 Loans held for investment, net of allowance 1,640,067 - - 1,641,862 1,641,862 Accrued interest receivable 6,518 - 1,780 4,738 6,518 Financial liabilities Total deposits $ 1,759,133 $ - $ 1,759,728 $ - $ 1,759,728 Accrued interest payable 124 - 124 - 124 Short-term borrowings 50,000 - 50,000 - 50,000 Other borrowed funds 569 - 569 - 569 Subordinated debentures 9,089 - 9,089 - 9,089 The fair value estimates presented above are based on pertinent information available to management as of the dates indicated. The methods used to determine fair value are described in our audited financial statements which are presented in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015. The following tables present fair values for assets measured at fair value on a recurring basis: As of June 30, 2016 Level 1 Level 2 Level 3 Total (Dollars in thousands) Available for sale securities: U.S. Government and agency securities $ - $ 9,364 $ - $ 9,364 Municipal securities - 218,493 - 218,493 Agency mortgage-backed pass-through securities - 27,105 - 27,105 Corporate bonds - 48,501 - 48,501 $ - $ 303,463 $ - $ 303,463 As of December 31, 2015 Level 1 Level 2 Level 3 Total (Dollars in thousands) Available for sale securities: U.S. Government and agency securities $ - $ 9,086 $ - $ 9,086 Municipal securities - 126,349 - 126,349 Agency mortgage-backed pass-through securities - 29,662 - 29,662 $ - $ 165,097 $ - $ 165,097 There were no liabilities measured at fair value on a recurring basis as of June 30, 2016 or December 31, 2015. There were no transfers between levels during the six months ended June 30, 2016 or June 30, 2015. Certain assets and liabilities are measured at fair value on a nonrecurring 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 such as evidence of impairment. As of June 30, 2016 Level 1 Level 2 Level 3 (Dollars in thousands) Impaired loans: Commercial and industrial $ - $ - $ 1,429 Commercial real estate (including multi-family residential) - - - Consumer and other - - 9 Other real estate owned - - - $ - $ - $ 1,438 As of December 31, 2015 Level 1 Level 2 Level 3 (Dollars in thousands) Impaired loans: Commercial and industrial $ - $ - $ 903 Commercial real estate (including multi-family residential) - - 966 Consumer and other - - 10 $ - $ - $ 1,879 Historically, we measure fair value for certain loans and other real estate owned on a nonrecurring basis. Impaired Loans During the six months ended June 30, 2016 and the year ended December 31, 2015, certain impaired loans were reevaluated and reported at fair value through a specific allocation of the allowance for loan losses. At June 30, 2016, the total reported fair value of impaired loans of $1.4 million based on collateral valuations utilizing Level 3 valuation inputs had a carrying value of $2.4 million that was reduced by specific allowance allocations totaling $949 thousand. At December 31, 2015, the total reported fair value of impaired loans of $1.9 million based on collateral valuations utilizing Level 3 valuation inputs had a carrying value of $2.7 million that was reduced by specific allowance allocations totaling $859 thousand. Other Real Estate Owned At June 30, 2016, the balance of other real estate owned included $1.4 million of foreclosed commercial real estate properties recorded as a result of obtaining physical possession of the property. The Company did not have any other real estate owned at December 31, 2015.

Note 7 - Deposits

Note 7 - Deposits	6 Months Ended
Note 7 - Deposits	Jun. 30, 2016
Notes to Financial Statements
Deposit Liabilities Disclosures [Text Block]	7. DEPOSITS Time deposits that meet or exceed the Federal Deposit Insurance Corporation Insurance limit of $250 thousand at June 30, 2016 and December 31, 2015 were $177.0 million and $164.7 million, respectively. Scheduled maturities of time deposits for the next five years are as follows (dollars in thousands): Within one year $ 424,731 After one but within two years 101,392 After two but within three years 89,490 After three but within four years 13,018 After four but within five years 20,855 Total $ 649,486

Note 8 - Borrowings

Note 8 - Borrowings	6 Months Ended
Note 8 - Borrowings	Jun. 30, 2016
Notes to Financial Statements
Debt Disclosure [Text Block]	8. BORROWINGS The Company has an available line of credit with the Federal Home Loan Bank (“FHLB”) of Dallas, which allows the Company to borrow on a collateralized basis. FHLB advances are short-term borrowings and are used to manage liquidity as needed. Maturing advances are replaced by drawing on available cash, making additional borrowings or through increased customer deposits. At June 30, 2016, the Company had a total borrowing capacity of $624.2 million, of which $363.7 million was available and $260.5 million was outstanding. Short-term FHLB advances of $30.0 million were outstanding at June 30, 2016, at a weighted average rate of 0.56%. Long-term FHLB borrowings of $200.0 million were outstanding at June 30, 2016, at a weighted average rate of 0.36%. Letters of credit were $30.5 million at June 30, 2016, of which $2.5 million will expire in August 2016, $25.0 million will expire in October 2016 and $3.0 million will expire in February 2017. In 2015, the Company borrowed an additional $18.0 million under a revolving credit agreement with another financial institution. The borrowing under this revolving credit agreement matures in December 2021. The Company used the funds borrowed in 2015 under this revolving credit agreement to repay amounts owed by F&M Bancshares under a previous borrowing agreement with another financial institution entered into during 2013 in conjunction with the purchase of Independence Bank. In October 2015, the Company paid down $27.5 million under this revolving credit agreement with a portion of the proceeds from the Company’s initial public offering. The revolving credit agreement requires the Company to meet certain restrictive covenants. At June 30, 2016, the Company believes it is in compliance with all such covenants and had not been made aware of any noncompliance by the lender. The interest rate on the debt is the Prime rate minus 25 basis points, or 3.25%, at June 30, 2016, and is paid quarterly. Scheduled principal maturities are as follows (dollars in thousands): Remaining 2016 $ - 2017 - 2018 - 2019 - 2020 and thereafter 569 Total $ 569

Note 9 - Subordinated Debenture

Note 9 - Subordinated Debentures	6 Months Ended
Note 9 - Subordinated Debentures	Jun. 30, 2016
Notes to Financial Statements
Subordinated Borrowings Disclosure [Text Block]	9. SUBORDINATED DEBENTURES On January 1, 2015, the Company acquired F&M Bancshares and assumed Farmers & Merchants Capital Trust II and Farmers & Merchants Capital Trust III. Each of these trusts is a capital or statutory business trust organized for the sole purpose of issuing trust securities and investing the proceeds in the Company’s junior subordinated debentures. The preferred trust securities of each trust represent preferred beneficial interests in the assets of the respective trusts and are subject to mandatory redemption upon payment of the junior subordinated debentures held by the trust. The common securities of each trust are wholly owned by the Company. Each trust’s ability to pay amounts due on the trust preferred securities is solely dependent upon the Company making payment on the related junior subordinated debentures. The debentures, which are the only assets of each trust, are subordinate and junior in right of payment to all of the Company’s present and future senior indebtedness. The Company has fully and unconditionally guaranteed each trust’s obligations under the trust securities issued by such trust to the extent not paid or made by such trust, provided such trust has funds available for such obligations. Under the provisions of each issue of the debentures, the Company has the right to defer payment of interest on the debentures at any time, or from time to time, for periods not exceeding five years. If interest payments on either issue of the debentures are deferred, the distributions on the applicable trust preferred securities and common securities will also be deferred. The Company assumed the junior subordinated debentures with an aggregate original principal amount of $11.3 million and a current fair value at June 30, 2016 of $9.1 million. At acquisition, the Company recorded a discount of $2.5 million on the debentures. The difference between the carrying value and contractual balance will be recognized as a yield adjustment over the remaining term for the debentures. At June 30, 2016, the Company had $11.3 million outstanding in junior subordinated debentures issued to the Company’s unconsolidated subsidiary trusts. The junior subordinated debentures are included in Tier 1 capital under current regulatory guidelines and interpretations. A summary of pertinent information related to the Company’s issues of junior subordinated debentures outstanding at June 30, 2016 is set forth in the table below: Description Issuance Date Trust Interest Rate (1) Junior Maturity Date (2) (Dollars in thousands) Farmers & Merchants Capital Trust II November 13, 2003 $ 7,500 3 month LIBOR + 3.00% $ 7,732 November 8, 2033 Farmers & Merchants Capital Trust III June 30, 2005 3,500 3 month LIBOR + 1.80% 3,609 July 7, 2035 $ 11,341 (1) The 3-month LIBOR in effect as of June 30, 2016 was 0.6516%. (2) All debentures are currently callable.

Note 10 - Income Taxes

Note 10 - Income Taxes	6 Months Ended
Note 10 - Income Taxes	Jun. 30, 2016
Notes to Financial Statements
Income Tax Disclosure [Text Block]	10. INCOME TAXES The amount of the Company’s federal and state income tax expense is influenced by the amount of the Company’s pre-tax income, the amount of tax-exempt income and the amount of other nondeductible items. For the three and six months ended June 30, 2016, income tax expense was $2.3 million and $5.4 million, respectively, compared with $2.0 million and $3.9 million, respectively, for the three and six months ended June 30, 2015, respectively. The increase in income tax expense year over year was primarily attributable to higher pre-tax earnings. The effective income tax rate for the three and six months ended June 30, 2016 was 30.8% and 31.8%, respectively, compared to 33.5% and 34.4%, respectively, for the three and six months ended June 30, 2015. The effective tax rate decreased for the three and six months ended June 30, 2016 compared to the same periods in 2015 primarily due to the increase in tax free income from the purchase of additional municipal securities. Interest and penalties related to tax positions are recognized in the period in which they begin accruing or when the entity claims the position that does not meet the minimum statutory thresholds. The Company has not recorded any interest and penalties in its income statement for the three and six months ended June 30, 2016 and June 30, 2015. The Company is no longer subject to examination by the U.S. Federal Tax Jurisdiction for the years prior to 2012.

Note 11 - Stock Based Compensat

Note 11 - Stock Based Compensation	6 Months Ended
Note 11 - Stock Based Compensation	Jun. 30, 2016
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	11. STOCK BASED COMPENSATION During 2008, the Company’s Board of Directors and shareholders approved the 2008 Stock Awards and Incentive Plan (the “Plan”) that permits certain key employees to purchase shares of the Company’s stock. The Plan was amended in 2015 as the shareholders authorized a maximum aggregate number of shares of stock to be issued of 1,460,000, any or all of which may be issued through incentive stock options. The Company accounts for stock based employee compensation plans using the fair value-based method of accounting. The Company recognized total stock based compensation expense of $354 thousand and $707 thousand for the three and six months ended June 30, 2016, respectively, and $330 thousand and $642 thousand for the three and six months ended June 30, 2015, respectively. Stock Option Plan Options to purchase a total of 1,185,381 shares of Company stock have been granted as of June 30, 2016. Under the stock option plan, options are exercisable up to 10 years from the date of the grant, unless otherwise provided by the Board of Directors, and are fully vested 4 years after the date of grant. The fair value of stock options granted is estimated at the date of grant using the Black-Scholes option-pricing model. A summary of the activity in the stock option plan during the six months ended June 30, 2016 is set forth below: Number of Weighted Weighted Aggregate (In thousands) (In years) (In thousands) Options outstanding, January 1, 2016 969 $ 17.45 6.62 $ 6,006 Options granted 51 19.64 Options exercised (25 ) 12.68 Options forfeited (19 ) 21.78 Options outstanding, June 30, 2016 976 $ 17.59 6.35 $ 7,113 Options vested and exercisable, June 30, 2016 580 $ 15.18 4.90 $ 5,625 Share Award Plan During 2016, the Company issued 14,401 shares of restricted stock. The restricted stock shares will vest over a period of 4 years but are considered outstanding at the date of issuance. The Company accounts for restricted stock grants by recording the fair value of the grant as compensation expense over the vesting period. A summary of the activity of the nonvested shares of restricted stock during the six months ended June 30, 2016 is as follows: Number of Weighted (Shares in thousands) Nonvested share awards outstanding, January 1, 2016 18 $ 19.68 Share awards granted 14 19.71 Share awards vested (7 ) 19.06 Unvested share awards forfeited - - Nonvested share awards outstanding, June 30, 2016 25 $ 18.31

Note 12 - Off-balance Sheet Arr

Note 12 - Off-balance Sheet Arrangements, Commitments and Contingencies	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Off Balance Sheet Arrangements Commitments And Contingencies Disclosure [Text Block]	12. OFF-BALANCE SHEET ARRANGEMENTS, COMMITMENTS AND CONTINGENCIES In the normal course of business, the Company enters into various transactions, which, in accordance with accounting principles generally accepted in the United States, are not included in the Company’s consolidated balance sheets. The Company enters into these transactions to meet the financing needs of its customers. These transactions include commitments to extend credit and standby and commercial letters of credit, which involve to varying degrees elements of credit risk and interest rate risk in excess of the amounts recognized in the consolidated balance sheets. The Company uses the same credit policies in making commitments and conditional obligations as it does for on balance sheet instruments. The contractual amounts of financial instruments with off-balance sheet risk at June 30, 2016 are as follows: June 30, December 31, Fixed Variable Fixed Variable (Dollars in thousands) Commitments to extend credit $ 392,810 $ 160,272 $ 252,662 $ 222,198 Standby letters of credit 8,172 - 9,456 - Total $ 400,982 $ 160,272 $ 262,118 $ 222,198 Commitments to make loans are generally made for an approval period of 120 days or fewer. As of June 30, 2016, the funded fixed rate loan commitments have interest rates ranging from 1.60% to 7.50% with a weighted average maturity and rate of 1.78 years and 4.55%, respectively. Litigation From time to time, the Company is subject to claims and litigation arising in the ordinary course of business. In the opinion of management, the Company is not party to any legal proceedings the resolution of which it believes would have a material adverse effect on the Company’s business, prospects, financial condition, liquidity, results of operation, cash flows or capital levels. However, one or more unfavorable outcomes in any claim or litigation against the Company could have a material adverse effect for the period in which such claim or litigation is resolved. In addition, regardless of their merits or their ultimate outcomes, such matters are costly, divert management’s attention and may materially adversely affect the Company’s reputation, even if resolved in its favor. The Company intends to defend itself vigorously against any future claims or litigation.

Note 13 - Regulatory Capital Ma

Note 13 - Regulatory Capital Matters	6 Months Ended
Note 13 - Regulatory Capital Matters	Jun. 30, 2016
Notes to Financial Statements
Regulatory Capital Requirements under Banking Regulations [Text Block]	13. REGULATORY CAPITAL MATTERS The Company and the Bank are subject to various regulatory capital requirements administered by the federal banking agencies. Capital adequacy guidelines include prompt corrective action regulations and involve quantitative measures of assets, liabilities and certain off balance sheet items calculated under regulatory accounting practices. Capital amounts and classifications are also subject to qualitative judgments by regulators about components, risk weightings, and other factors. Any institution that fails to meet its minimum capital requirements is subject to actions by regulators that could have a direct material effect on the Company’s financial statements. The Company is subject to the Basel III regulatory capital framework (the "Basel III Rules").The Basel III Rules became effective for the Company on January 1, 2015, with full compliance with all of the requirements being phased in over a multi-year schedule, and fully phased in by January 1, 2019. Starting in January 2016, the implementation of the capital conservation buffer was 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 requires increased capital levels for the purpose of capital distributions and other payments. Failure to meet the full amount of the buffer will result in restrictions on the Company's ability to make capital distributions, including dividend payments and stock repurchases and to pay discretionary bonuses to executive officers. Management believes as of June 30, 2016 and December 31, 2015 the Company and the Bank met all capital adequacy requirements to which they were then subject. Prompt corrective action regulations provide five classifications: well capitalized, adequately capitalized, undercapitalized, significantly undercapitalized, and critically undercapitalized, although these terms are not used to represent overall financial condition. If adequately capitalized, regulatory approval is required to accept brokered deposits. If undercapitalized, capital distributions are limited, as is asset growth and expansion, and capital restoration plans are required. The following is a summary of the Company’s and the Bank’s actual and required capital ratios at June 30, 2016 and December 31, 2015: Actual For Capital To Be Categorized As Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) ALLEGIANCE BANCSHARES, INC. (Consolidated) As of June 30, 2016 Total Capital (to Risk Weighted Assets) $ 251,405 12.92 % $ 155,639 8.00 % N/A N/A Common Equity Tier 1 Capital (to Risk Weighted Assets) 227,346 11.69 % 87,547 4.50 % N/A N/A Tier I Capital (to Risk Weighted Assets) 236,488 12.16 % 116,729 6.00 % N/A N/A Tier I Capital (to Average Tangible Assets) 236,488 10.43 % 90,690 4.00 % N/A N/A As of December 31, 2015 Total Capital (to Risk Weighted Assets) $ 237,178 12.92 % $ 146,811 8.00 % N/A N/A Common Equity Tier 1 Capital (to Risk Weighted Assets) 214,991 11.72 % 82,581 4.50 % N/A N/A Tier I Capital (to Risk Weighted Assets) 224,080 12.21 % 110,109 6.00 % N/A N/A Tier I Capital (to Average Tangible Assets) 224,080 11.02 % 81,315 4.00 % N/A N/A ALLEGIANCE BANK As of June 30, 2016 Total Capital (to Risk Weighted Assets) $ 232,737 11.97 % $ 155,590 8.00 % $ 194,488 10.00 % Common Equity Tier 1 Capital (to Risk Weighted Assets) 217,820 11.20 % 87,519 4.50 % 126,417 6.50 % Tier I Capital (to Risk Weighted Assets) 217,820 11.20 % 116,693 6.00 % 155,590 8.00 % Tier I Capital (to Average Tangible Assets) 217,820 9.61 % 90,668 4.00 % 113,335 5.00 % As of December 31, 2015 Total Capital (to Risk Weighted Assets) $ 219,487 11.96 % $ 146,779 8.00 % $ 183,474 10.00 % Common Equity Tier 1 Capital (to Risk Weighted Assets) 206,389 11.25 % 82,563 4.50 % 119,258 6.50 % Tier I Capital (to Risk Weighted Assets) 206,389 11.25 % 110,084 6.00 % 146,779 8.00 % Tier I Capital (to Average Tangible Assets) 206,389 10.16 % 81,291 4.00 % 101,614 5.00 %

Note 14 - Earnings Per Common S

Note 14 - Earnings Per Common Share	6 Months Ended
Note 14 - Earnings Per Common Share	Jun. 30, 2016
Notes to Financial Statements
Earnings Per Share [Text Block]	14. EARNINGS PER COMMON SHARE Diluted earnings per common share is computed using the weighted-average number of common shares determined for the basic earnings per common share computation plus the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock using the treasury stock method. Outstanding stock options issued by the Company represent the only dilutive effect reflected in diluted weighted average shares. Restricted shares are considered outstanding at the date of grant and are included in basic and diluted weighted average common shares outstanding. Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 (Dollars in thousands) Amount Per Share Amount Per Share Amount Per Share Amount Per Share Net income attributable to common stockholders $ 5,254 $ 3,623 $ 11,609 $ 6,968 Basic: Weighted average common shares outstanding 12,857 $ 0.41 9,825 $ 0.37 12,849 $ 0.90 9,824 $ 0.71 Diluted: Add incremental shares for: Dilutive effect of stock option exercises 182 179 154 177 Total 13,039 $ 0.40 10,004 $ 0.36 13,003 $ 0.89 10,001 $ 0.70 Stock options for 267 thousand shares were not considered in computing diluted earnings per common share as of June 30, 2015 because they were antidilutive. There were no antidilutive shares as of June 30, 2016.

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
Significant Accounting Policies (Policies)	Jun. 30, 2016
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation- In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments considered necessary for a fair presentation of the financial position, results of operations and cash flows of the Company on a consolidated basis, and all such adjustments are of a normal recurring nature. Transactions with Allegiance have been eliminated. The condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2015. Operating results for the three and six months ended June 30, 2016 are not necessarily indicative of the results that may be expected for the year ending December 31, 2016. Furthermore, the acquisition of F&M Bancshares, Inc. during the first quarter of 2015 may impact the comparability of year to date 2016 versus year to date 2015 comparable information.
New Accounting Pronouncements, Policy [Policy Text Block]	New Accounting Standards Adoption of New Accounting Standards On January 1, 2016, the Company adopted ASU 2015-16, “Business Combinations (Topic 805) – Simplifying the Accounting for Measurement-Period Adjustments.” Newly Issued But Not Yet Effective Accounting Standards ASU 2014-09 “Revenue from Contract with Customers (Topic 606).” ASU 2014-09 supersedes the revenue recognition requirements in Revenue Recognition (Topic 605), and most industry-specific guidance throughout the Industry Topics of the Codification. 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 is currently effective for the Company beginning on January 1, 2018 with retrospective application to each prior reporting period presented. The Company is still evaluating the potential impact of ASU 2014-09 on the Company’s financial statements. ASU 2016-02 “Leases (Topic 842).” will, among other things, require lessees to recognize a lease liability, which is a lessee’s obligation to make lease payments arising from a lease, measured on a discounted basis; and a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. ASU 2016-02 does not significantly change lease accounting requirements applicable to lessors; however, certain changes were made to align, where necessary, lessor accounting with the lessee accounting model and ASC Topic 606, “Revenue from Contracts with Customers.” ASU 2016-02 will be effective for the Company on January 1, 2019 and will require transition using a modified retrospective approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The Company is currently evaluating the potential impact of ASU 2016-02 on the Company’s financial statements. ASU 2016-09, “Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting.” ASU No. 2016-10, “Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing.”

Note 2 - Acquisitions (Tables)

Note 2 - Acquisitions (Tables)	6 Months Ended
Note 2 - Acquisitions (Tables)	Jun. 30, 2016
Notes Tables
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	Fair value of consideration paid: Common shares issued (2,338,520 shares) $ 51,447 Preferred shares issued (11,550 shares) 11,550 Cash consideration 642 Total consideration paid $ 63,639 Fair value of assets acquired: Cash and cash equivalents $ 107,128 Investment Securities 14,722 Loans, net 404,637 Premises and equipment 7,699 Core deposit intangibles 4,313 Other assets 15,896 Total assets acquired $ 554,395 Fair value of liabilities assumed: Deposits $ 489,556 Subordinated debt 8,871 Other borrowed funds 18,000 Other liabilities 2,574 Total liabilities assumed 519,001 Fair value of net assets acquired $ 35,394 Goodwill resulting from acquisition $ 28,245

Note 3 - Goodwill and Core De24

Note 3 - Goodwill and Core Deposit Intangibles (Tables)	6 Months Ended
Note 3 - Goodwill and Core Deposit Intangibles (Tables)	Jun. 30, 2016
Notes Tables
Schedule of Intangible Assets and Goodwill [Table Text Block]	Goodwill Core Deposit (Dollars in thousands) Balance as of January 1, 2015 $ 11,144 $ 1,747 Acquisition of F&M Bancshares 28,245 4,313 Amortization - (830 ) Balance as of December 31, 2015 39,389 5,230 Sale of branch assets - (390 ) Amortization - (394 ) Balance as of June 30, 2016 $ 39,389 $ 4,446
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	Remaining 2016 $ 391 2017 781 2018 781 2019 781 2020 744 Thereafter 968 Total $ 4,446

Note 4 - Securities (Tables)

Note 4 - Securities (Tables)	6 Months Ended
Note 4 - Securities (Tables)	Jun. 30, 2016
Notes Tables
Available-for-sale Securities [Table Text Block]	June 30, 2016 Amortized Gross Gross Fair (Dollars in thousands) Available for Sale U.S. Government and agency securities $ 8,708 $ 656 $ - $ 9,364 Municipal securities 209,540 8,953 - 218,493 Agency mortgage-backed pass-through securities 26,556 651 (102 ) 27,105 Corporate bonds 48,121 401 (21 ) 48,501 Total $ 292,925 $ 10,661 $ (123 ) $ 303,463 December 31, 2015 Amortized Gross Gross Fair (Dollars in thousands) Available for Sale U.S. Government and agency securities $ 8,674 $ 412 $ - $ 9,086 Municipal securities 123,809 2,575 (35 ) 126,349 Agency mortgage-backed pass-through securities 29,511 397 (246 ) 29,662 Total $ 161,994 $ 3,384 $ (281 ) $ 165,097
Investments Classified by Contractual Maturity Date [Table Text Block]	Amortized Fair (Dollars in thousands) Due in one year or less $ 5,090 $ 5,110 Due after one year through five years 67,854 68,636 Due after five years through ten years 74,430 77,123 Due after ten years 118,995 125,489 Subtotal 266,369 276,358 Agency mortgage-backed pass through securities 26,556 27,105 Total $ 292,925 $ 303,463
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block]	June 30, 2016 Less than 12 Months More than 12 Months Total Estimated Unrealized Estimated Unrealized Estimated Unrealized (Dollars in thousands) Available for Sale U.S. Government and agency securities $ - $ - $ - $ - $ - $ - Municipal securities 229 - 185 - 414 - Agency mortgage-backed pass-through securities 826 (4 ) 6,841 (98 ) 7,667 (102 ) Corporate bonds 7,752 (21 ) - - 7,752 (21 ) Total $ 8,807 $ (25 ) $ 7,026 $ (98 ) $ 15,833 $ (123 ) December 31, 2015 Less than 12 Months More than 12 Months Total Estimated Unrealized Estimated Unrealized Estimated Unrealized (Dollars in thousands) Available for Sale U.S. Government and agency securities $ - $ - $ - $ - $ - $ - Municipal securities 6,867 (30 ) 298 (5 ) 7,165 (35 ) Agency mortgage-backed pass-through securities 4,952 (36 ) 9,519 (210 ) 14,471 (246 ) Total $ 11,819 $ (66 ) $ 9,817 $ (215 ) $ 21,636 $ (281 )

Note 5 - Loans and Allowance 26

Note 5 - Loans and Allowance for Loan Losses (Tables)	6 Months Ended
Note 5 - Loans and Allowance for Loan Losses (Tables)	Jun. 30, 2016
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	June 30, December 31, (Dollars in thousands) Loans held for sale (1) $ - $ 27,887 Commercial and industrial 382,795 383,044 Mortgage warehouse 75,554 59,071 Real estate: Commercial real estate (including multi-family residential) 806,771 745,595 Commercial real estate construction and land development 161,572 154,646 1-4 family residential (including home equity) 214,442 205,200 Residential construction 101,677 93,848 Consumer and other 10,872 11,761 Total loans held for investment 1,753,683 1,653,165 Total loans 1,753,683 1,681,052 Allowance for loan losses (14,917 ) (13,098 ) Loans, net $ 1,738,766 $ 1,667,954
Past Due Financing Receivables [Table Text Block]	June 30, 2016 Loans Past Due and Still Accruing 30-89 90 or More Total Past Nonaccrual Current Total (Dollars in thousands) Commercial and industrial $ 956 $ - $ 956 $ 2,723 $ 379,116 $ 382,795 Mortgage warehouse - - - - 75,554 75,554 Real estate: Commercial real estate (including multi-family residential) 628 - 628 4,141 802,002 806,771 Commercial real estate construction and land development 890 - 890 - 160,682 161,572 1-4 family residential (including home equity) 213 - 213 227 214,002 214,442 Residential construction - - - - 101,677 101,677 Consumer and other - - - 33 10,839 10,872 Total loans $ 2,687 $ - $ 2,687 $ 7,124 $ 1,743,872 $ 1,753,683 December 31, 2015 Loans Past Due and Still Accruing 30-89 90 or More Total Past Nonaccrual Current Total (Dollars in thousands) Loans held for sale $ 539 $ - $ 539 $ 209 $ 27,139 $ 27,887 Commercial and industrial 1,474 - 1,474 2,664 378,906 383,044 Mortgage warehouse - - - - 59,071 59,071 Real estate: Commercial real estate (including multi-family residential) 1,866 - 1,866 2,006 741,723 745,595 Commercial real estate construction and land development 77 - 77 - 154,569 154,646 1-4 family residential (including home equity) 1,904 - 1,904 239 203,057 205,200 Residential construction - - - - 93,848 93,848 Consumer and other 36 - 36 66 11,659 11,761 Total loans held for investment 5,357 - 5,357 4,975 1,642,833 1,653,165 Total loans $ 5,896 $ - $ 5,896 $ 5,184 $ 1,669,972 $ 1,681,052
Impaired Financing Receivables [Table Text Block]	June 30, 2016 Recorded Unpaid Related Average Interest (Dollars in thousands) With no related allowance recorded: Commercial and industrial $ 3,037 $ 3,782 $ - $ 3,548 $ 98 Mortgage warehouse - - - - - Real estate: Commercial real estate (including multi-family residential) 11,154 11,240 - 11,599 222 Commercial real estate construction and land development - - - - - 1-4 family residential (including home equity) 227 227 - 233 8 Residential construction - - - - - Consumer and other 11 11 - 13 - Total 14,429 15,260 - 15,393 328 With an allowance recorded: Commercial and industrial 2,365 2,365 936 2,411 66 Mortgage warehouse - - - - - Real estate: Commercial real estate (including multi-family residential) - - - - - Commercial real estate construction and land development - - - - - 1-4 family residential (including home equity) - - - - - Residential construction - - - - - Consumer and other 22 22 13 25 1 Total 2,387 2,387 949 2,436 67 Total: Commercial and industrial 5,402 6,147 936 5,959 164 Mortgage warehouse - - - - - Real estate: Commercial real estate (including multi-family residential) 11,154 11,240 - 11,599 222 Commercial real estate construction and land development - - - - - 1-4 family residential (including home equity) 227 227 - 233 8 Residential construction - - - - - Consumer and other 33 33 13 38 1 $ 16,816 $ 17,647 $ 949 $ 17,829 $ 395 Year Ended December 31, 2015 Recorded Unpaid Related Average Interest (Dollars in thousands) With no related allowance recorded: Commercial and industrial $ 3,842 $ 4,216 $ - $ 3,698 $ 222 Mortgage warehouse - - - - - Real estate: Commercial real estate (including multi-family residential) 4,700 4,700 - 4,833 285 Commercial real estate construction and land development - - - - - 1-4 family residential (including home equity) 239 239 - 248 13 Residential construction - - - - - Consumer and other 82 97 - 102 8 Total 8,863 9,252 - 8,881 528 With an allowance recorded: Commercial and industrial 1,573 1,573 670 2,040 87 Mortgage warehouse - - - - - Real estate: Commercial real estate (including multi-family residential) 1,146 1,146 180 1,122 77 Commercial real estate construction and land development - - - - - 1-4 family residential (including home equity) - - - - - Residential construction - - - - - Consumer and other 19 19 9 21 1 Total 2,738 2,738 859 3,183 165 Total: Commercial and industrial 5,415 5,789 670 5,738 309 Mortgage warehouse - - - - - Real estate: Commercial real estate (including multi-family residential) 5,846 5,846 180 5,955 362 Commercial real estate construction and land development - - - - - 1-4 family residential (including home equity) 239 239 - 248 13 Residential construction - - - - - Consumer and other 101 116 9 123 9 $ 11,601 $ 11,990 $ 859 $ 12,064 $ 693
Financing Receivable Credit Quality Indicators [Table Text Block]	Pass Watch Special Mention Substandard Doubtful Total (Dollars in thousands) Commercial and industrial $ 358,753 $ 2,683 $ 7,001 $ 14,358 $ - $ 382,795 Mortgage warehouse 75,554 - - - - 75,554 Real estate: Commercial real estate (including multi-family residential) 766,685 7,620 5,378 27,088 - 806,771 Commercial real estate construction and land development 152,267 7,410 - 1,895 - 161,572 1-4 family residential (including home equity) 210,009 300 2,054 2,079 - 214,442 Residential construction 101,677 - - - - 101,677 Consumer and other 10,480 262 3 127 - 10,872 Total loans $ 1,675,425 $ 18,275 $ 14,436 $ 45,547 $ - $ 1,753,683 Pass Watch Special Mention Substandard Doubtful Total (Dollars in thousands) Loans held for sale $ 26,570 $ 477 $ 19 $ 821 $ - $ 27,887 Commercial and industrial 366,479 8,094 1,253 7,218 - 383,044 Mortgage warehouse 59,071 - - - - 59,071 Real estate: Commercial real estate (including multi-family residential) 721,781 7,186 790 15,838 - 745,595 Commercial real estate construction and land development 152,380 1,846 - 420 - 154,646 1-4 family residential (including home equity) 200,262 2,385 390 2,163 - 205,200 Residential construction 93,848 - - - - 93,848 Consumer and other 11,522 155 18 66 - 11,761 Total loans held for investment 1,605,343 19,666 2,451 25,705 - 1,653,165 Total loans $ 1,631,913 $ 20,143 $ 2,470 $ 26,526 $ - $ 1,681,052
Allowance for Credit Losses on Financing Receivables [Table Text Block]	Commercial Mortgage Commercial real Commercial real 1-4 family Residential Consumer Total (Dollars in thousands) Allowance for loan losses: Three Months Ended Balance March 31, 2016 $ 4,057 $ - $ 5,905 $ 1,352 $ 1,484 $ 889 $ 70 $ 13,757 Provision for loan losses 480 - 984 16 158 (2 ) 9 1,645 Charge-offs (442 ) - (43 ) - - - (12 ) (497 ) Recoveries 10 - - - - - 2 12 Net charge-offs (432 ) - (43 ) - - - (10 ) (485 ) Balance June 30, 2016 $ 4,105 $ - $ 6,846 $ 1,368 $ 1,642 $ 887 $ 69 $ 14,917 Six Months Ended Balance January 1, 2016 $ 3,644 $ - $ 5,914 $ 1,221 $ 1,432 $ 820 $ 67 $ 13,098 Provision for loan losses 859 - 1,061 147 200 67 21 2,355 Charge-offs (443 ) - (129 ) - - - (22 ) (594 ) Recoveries 45 - - - 10 - 3 58 Net charge-offs (398 ) - (129 ) - 10 - (19 ) (536 ) Balance June 30, 2016 $ 4,105 $ - $ 6,846 $ 1,368 $ 1,642 $ 887 $ 69 $ 14,917 Commercial Mortgage Commercial real Commercial real 1-4 family Residential Consumer Total (Dollars in thousands) Allowance for loan losses: Three Months Ended Balance March 31, 2015 $ 2,960 $ - $ 3,551 $ 646 $ 1,130 $ 596 $ 57 $ 8,940 Provision for loan losses (6 ) - 982 196 125 111 12 1,420 Charge-offs (70 ) - - - - - (2 ) (72 ) Recoveries 21 - - - - 3 - 24 Net charge-offs (49 ) - - - - 3 (2 ) (48 ) Balance June 30, 2015 $ 2,905 $ - $ 4,533 $ 842 $ 1,255 $ 710 $ 67 $ 10,312 Six Months Ended Balance January 1, 2015 $ 2,334 $ - $ 3,799 $ 578 $ 1,008 $ 475 $ 52 $ 8,246 Provision for loan losses 614 - 734 264 247 213 31 2,103 Charge-offs (82 ) - - - - - (18 ) (100 ) Recoveries 39 - - - - 22 2 63 Net charge-offs (43 ) - - - - 22 (16 ) (37 ) Balance June 30, 2015 $ 2,905 $ - $ 4,533 $ 842 $ 1,255 $ 710 $ 67 $ 10,312 Commercial Mortgage Commercial real Commercial real 1-4 family Residential Consumer Total (Dollars in thousands) Allowance for loan losses related to: June 30, 2016 Individually evaluated for impairment $ 936 $ - $ - $ - $ - $ - $ 13 $ 949 Collectively evaluated for impairment 3,169 - 6,846 1,368 1,642 887 56 13,968 Total allowance for loan losses $ 4,105 $ - $ 6,846 $ 1,368 $ 1,642 $ 887 $ 69 $ 14,917 December 31, 2015 Individually evaluated for impairment $ 670 $ - $ 180 $ - $ - $ - $ 9 $ 859 Collectively evaluated for impairment 2,974 - 5,734 1,221 1,432 820 58 12,239 Total allowance for loan losses $ 3,644 $ - $ 5,914 $ 1,221 $ 1,432 $ 820 $ 67 $ 13,098 Commercial Mortgage Commercial real Commercial real 1-4 family Residential Consumer Total (Dollars in thousands) Recorded investment in loans: June 30, 2016 Individually evaluated for impairment $ 5,402 $ - $ 11,154 $ - $ 227 $ - $ 33 $ 16,816 Collectively evaluated for impairment 377,393 75,554 795,617 161,572 214,215 101,677 10,839 1,736,867 Total loans evaluated for impairment $ 382,795 $ 75,554 $ 806,771 $ 161,572 $ 214,442 $ 101,677 $ 10,872 $ 1,753,683 December 31, 2015 Individually evaluated for impairment $ 5,415 $ - $ 5,846 $ - $ 239 $ - $ 101 $ 11,601 Collectively evaluated for impairment 377,629 59,071 739,749 154,646 204,961 93,848 11,660 1,641,564 Total loans evaluated for impairment $ 383,044 $ 59,071 $ 745,595 $ 154,646 $ 205,200 $ 93,848 $ 11,761 $ 1,653,165
Troubled Debt Restructurings on Financing Receivables [Table Text Block]	As of June 30, 2016 2015 Number of Pre- Post- Number of Pre- Post- (Dollars in thousands) Troubled Debt Restructurings Commercial and industrial 12 $ 2,931 $ 2,931 3 $ 2,049 $ 2,043 Mortgage warehouse Real estate: Commercial real estate (including multi-family residential) 6 6,250 6,250 - - - Commercial real estate construction and land development - - - - - - 1-4 family residential (including home equity) - - - - - - Residential construction - - - - - - Consumer and other 1 7 7 - - - Total 19 $ 9,188 $ 9,188 3 $ 2,049 $ 2,043

Note 6 - Fair Value (Tables)

Note 6 - Fair Value (Tables)	6 Months Ended
Note 6 - Fair Value (Tables)	Jun. 30, 2016
Notes Tables
Fair Value, by Balance Sheet Grouping [Table Text Block]	As of June 30, 2016 Carrying Estimated Fair Value Amount Level 1 Level 2 Level 3 Total Financial assets (Dollars in thousands) Cash and cash equivalents $ 210,863 $ 210,863 $ - $ - $ 210,863 Available for sale securities 303,463 - 303,463 - 303,463 Loans held for investment, net of allowance 1,738,766 - - 1,743,626 1,743,626 Accrued interest receivable 7,969 7 2,766 5,196 7,969 Financial liabilities Total deposits $ 1,843,339 $ - $ 1,846,235 - $ 1,846,235 Accrued interest payable 223 - 223 - 223 Short-term borrowings 30,000 - 30,000 - 30,000 Other borrowed funds 200,569 - 200,569 - 200,569 Subordinated debentures 9,142 - 9,142 - 9,142 As of December 31, 2015 Carrying Estimated Fair Value Amount Level 1 Level 2 Level 3 Total Financial assets (Dollars in thousands) Cash and cash equivalents $ 148,431 $ 148,431 $ - $ - $ 148,431 Available for sale securities 165,097 - 165,097 - 165,097 Loans held for sale 27,887 - - 27,887 27,887 Loans held for investment, net of allowance 1,640,067 - - 1,641,862 1,641,862 Accrued interest receivable 6,518 - 1,780 4,738 6,518 Financial liabilities Total deposits $ 1,759,133 $ - $ 1,759,728 $ - $ 1,759,728 Accrued interest payable 124 - 124 - 124 Short-term borrowings 50,000 - 50,000 - 50,000 Other borrowed funds 569 - 569 - 569 Subordinated debentures 9,089 - 9,089 - 9,089
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	As of June 30, 2016 Level 1 Level 2 Level 3 Total (Dollars in thousands) Available for sale securities: U.S. Government and agency securities $ - $ 9,364 $ - $ 9,364 Municipal securities - 218,493 - 218,493 Agency mortgage-backed pass-through securities - 27,105 - 27,105 Corporate bonds - 48,501 - 48,501 $ - $ 303,463 $ - $ 303,463 As of December 31, 2015 Level 1 Level 2 Level 3 Total (Dollars in thousands) Available for sale securities: U.S. Government and agency securities $ - $ 9,086 $ - $ 9,086 Municipal securities - 126,349 - 126,349 Agency mortgage-backed pass-through securities - 29,662 - 29,662 $ - $ 165,097 $ - $ 165,097
Fair Value Measurements, Nonrecurring [Table Text Block]	As of June 30, 2016 Level 1 Level 2 Level 3 (Dollars in thousands) Impaired loans: Commercial and industrial $ - $ - $ 1,429 Commercial real estate (including multi-family residential) - - - Consumer and other - - 9 Other real estate owned - - - $ - $ - $ 1,438 As of December 31, 2015 Level 1 Level 2 Level 3 (Dollars in thousands) Impaired loans: Commercial and industrial $ - $ - $ 903 Commercial real estate (including multi-family residential) - - 966 Consumer and other - - 10 $ - $ - $ 1,879

Note 7 - Deposits (Tables)

Note 7 - Deposits (Tables)	6 Months Ended
Note 7 - Deposits (Tables)	Jun. 30, 2016
Notes Tables
Schedule of Maturities of Time Deposits [Table Text Block]	Within one year $ 424,731 After one but within two years 101,392 After two but within three years 89,490 After three but within four years 13,018 After four but within five years 20,855 Total $ 649,486

Note 8 - Borrowings (Tables)

Note 8 - Borrowings (Tables)	6 Months Ended
Note 8 - Borrowings (Tables)	Jun. 30, 2016
Notes Tables
Schedule of Maturities of Long-term Debt [Table Text Block]	Remaining 2016 $ - 2017 - 2018 - 2019 - 2020 and thereafter 569 Total $ 569

Note 9 - Subordinated Debentu30

Note 9 - Subordinated Debentures (Tables)	6 Months Ended
Note 9 - Subordinated Debentures (Tables)	Jun. 30, 2016
Notes Tables
Schedule of Subordinated Borrowing [Table Text Block]	Description Issuance Date Trust Interest Rate (1) Junior Maturity Date (2) (Dollars in thousands) Farmers & Merchants Capital Trust II November 13, 2003 $ 7,500 3 month LIBOR + 3.00% $ 7,732 November 8, 2033 Farmers & Merchants Capital Trust III June 30, 2005 3,500 3 month LIBOR + 1.80% 3,609 July 7, 2035 $ 11,341

Note 11 - Stock Based Compens31

Note 11 - Stock Based Compensation (Tables)	6 Months Ended
Note 11 - Stock Based Compensation (Tables)	Jun. 30, 2016
Notes Tables
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	Number of Weighted Weighted Aggregate (In thousands) (In years) (In thousands) Options outstanding, January 1, 2016 969 $ 17.45 6.62 $ 6,006 Options granted 51 19.64 Options exercised (25 ) 12.68 Options forfeited (19 ) 21.78 Options outstanding, June 30, 2016 976 $ 17.59 6.35 $ 7,113 Options vested and exercisable, June 30, 2016 580 $ 15.18 4.90 $ 5,625
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]	Number of Weighted (Shares in thousands) Nonvested share awards outstanding, January 1, 2016 18 $ 19.68 Share awards granted 14 19.71 Share awards vested (7 ) 19.06 Unvested share awards forfeited - - Nonvested share awards outstanding, June 30, 2016 25 $ 18.31

Note 12 - Off-balance Sheet A32

Note 12 - Off-balance Sheet Arrangements, Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2016
Notes Tables
Schedule of Fair Value, Off-balance Sheet Risks [Table Text Block]	June 30, December 31, Fixed Variable Fixed Variable (Dollars in thousands) Commitments to extend credit $ 392,810 $ 160,272 $ 252,662 $ 222,198 Standby letters of credit 8,172 - 9,456 - Total $ 400,982 $ 160,272 $ 262,118 $ 222,198

Note 13 - Regulatory Capital 33

Note 13 - Regulatory Capital Matters (Tables)	6 Months Ended
Note 13 - Regulatory Capital Matters (Tables)	Jun. 30, 2016
Notes Tables
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block]	Actual For Capital To Be Categorized As Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) ALLEGIANCE BANCSHARES, INC. (Consolidated) As of June 30, 2016 Total Capital (to Risk Weighted Assets) $ 251,405 12.92 % $ 155,639 8.00 % N/A N/A Common Equity Tier 1 Capital (to Risk Weighted Assets) 227,346 11.69 % 87,547 4.50 % N/A N/A Tier I Capital (to Risk Weighted Assets) 236,488 12.16 % 116,729 6.00 % N/A N/A Tier I Capital (to Average Tangible Assets) 236,488 10.43 % 90,690 4.00 % N/A N/A As of December 31, 2015 Total Capital (to Risk Weighted Assets) $ 237,178 12.92 % $ 146,811 8.00 % N/A N/A Common Equity Tier 1 Capital (to Risk Weighted Assets) 214,991 11.72 % 82,581 4.50 % N/A N/A Tier I Capital (to Risk Weighted Assets) 224,080 12.21 % 110,109 6.00 % N/A N/A Tier I Capital (to Average Tangible Assets) 224,080 11.02 % 81,315 4.00 % N/A N/A ALLEGIANCE BANK As of June 30, 2016 Total Capital (to Risk Weighted Assets) $ 232,737 11.97 % $ 155,590 8.00 % $ 194,488 10.00 % Common Equity Tier 1 Capital (to Risk Weighted Assets) 217,820 11.20 % 87,519 4.50 % 126,417 6.50 % Tier I Capital (to Risk Weighted Assets) 217,820 11.20 % 116,693 6.00 % 155,590 8.00 % Tier I Capital (to Average Tangible Assets) 217,820 9.61 % 90,668 4.00 % 113,335 5.00 % As of December 31, 2015 Total Capital (to Risk Weighted Assets) $ 219,487 11.96 % $ 146,779 8.00 % $ 183,474 10.00 % Common Equity Tier 1 Capital (to Risk Weighted Assets) 206,389 11.25 % 82,563 4.50 % 119,258 6.50 % Tier I Capital (to Risk Weighted Assets) 206,389 11.25 % 110,084 6.00 % 146,779 8.00 % Tier I Capital (to Average Tangible Assets) 206,389 10.16 % 81,291 4.00 % 101,614 5.00 %

Note 14 - Earnings Per Common34

Note 14 - Earnings Per Common Share (Tables)	6 Months Ended
Note 14 - Earnings Per Common Share (Tables)	Jun. 30, 2016
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 (Dollars in thousands) Amount Per Share Amount Per Share Amount Per Share Amount Per Share Net income attributable to common stockholders $ 5,254 $ 3,623 $ 11,609 $ 6,968 Basic: Weighted average common shares outstanding 12,857 $ 0.41 9,825 $ 0.37 12,849 $ 0.90 9,824 $ 0.71 Diluted: Add incremental shares for: Dilutive effect of stock option exercises 182 179 154 177 Total 13,039 $ 0.40 10,004 $ 0.36 13,003 $ 0.89 10,001 $ 0.70

Note 2 - Acquisitions (Details

Note 2 - Acquisitions (Details Textual) $ in Thousands	Jul. 15, 2015USD ($)	Jan. 01, 2015USD ($)shares	Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Jun. 30, 2015USD ($)	Mar. 31, 2015	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Sep. 30, 2015USD ($)	Dec. 31, 2015USD ($)
Enterprise [Member] \| Houston, Texas [Member]
Number of Branches		7
Enterprise [Member] \| Central Texas [Member]
Number of Branches		2
Enterprise [Member] \| Rosebud, Texas [Member]
Number of Branches		1
Enterprise [Member] \| Mart, Texas [Member]
Number of Branches		1
Enterprise [Member]
Number of Branches		9
Houston, Texas [Member] \| Acquisition of F&M [Member]
Number of Branches Consolidated During the Period						2
Acquisition of F&M [Member] \| Preferred Stock [Member]
Stock Redeemed or Called During Period, Value	$ 11,700
Acquisition of F&M [Member]
Number of Branches Agreed to be Sold				2
Proceeds from Sale of Loans Receivable				$ 18,200
Proceeds for Sale of Deposits				26,600
Gain (Loss) on Disposition of Assets for Financial Service Operations				$ 1,300
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares \| shares		2,338,520
Payments to Acquire Businesses, Gross		$ 642					$ 642
Goodwill, Acquired During Period		$ 28,200								$ 28,245
Repayments of Long-term Debt									$ 18,000
Business Combination, Acquisition Related Costs										$ 941
Gain (Loss) on Disposition of Assets for Financial Service Operations							2,050
Repayments of Long-term Debt								$ 18,000

Note 2 - Allocation of the Purc

Note 2 - Allocation of the Purchase Price to Assets and Liabilities (Details) - USD ($)	Jan. 01, 2015	Jun. 30, 2016	Dec. 31, 2015	Dec. 31, 2014
Acquisition of F&M [Member] \| Common Stock [Member]
Shares issued		$ 51,447,000
Acquisition of F&M [Member] \| Preferred Stock [Member]
Shares issued		11,550,000
Acquisition of F&M [Member]
Payments to Acquire Businesses, Gross	$ 642,000	642,000
Total consideration paid		63,639,000
Cash and cash equivalents		107,128,000
Investment Securities		14,722,000
Loans, net		404,637,000
Premises and equipment		7,699,000
Core deposit intangibles		4,313,000
Other assets		15,896,000
Total assets acquired		554,395,000
Deposits		489,556,000
Subordinated debt		8,871,000
Other borrowed funds		18,000,000
Other liabilities		2,574,000
Total liabilities assumed		519,001,000
Fair value of net assets acquired		35,394,000
Goodwill resulting from acquisition		28,245,000
Goodwill resulting from acquisition		$ 39,389,000	$ 39,389,000	$ 11,144,000

Note 2 - Allocation of the Pu37

Note 2 - Allocation of the Purchase Price to Assets and Liabilities (Details) (Parentheticals)	6 Months Ended
	Jun. 30, 2016shares
Common Stock [Member]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares	2,338,520
Preferred Stock [Member]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares	11,550

Note 3 - Goodwill and Core De38

Note 3 - Goodwill and Core Deposit Intangibles (Details Textual)	3 Months Ended
	Mar. 31, 2016USD ($)	Jun. 30, 2016USD ($)
Acquisition of F&M [Member]
Number of Branches Agreed to be Sold	2
Goodwill, Impaired, Accumulated Impairment Loss		$ 0
Impairment of Intangible Assets (Excluding Goodwill)	$ 0

Note 3 - Changes in the Carryin

Note 3 - Changes in the Carrying Amount of the Company's Goodwill and Core Deposit Intangibles (Details) - USD ($)	Jan. 01, 2015	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Core Deposits [Member] \| Acquisition of F&M [Member]
Acquisition of F&M Bancshares						$ 4,313,000
Core Deposits [Member]
Balance, beginning	$ 1,747,000			$ 5,230,000	$ 1,747,000	1,747,000
Amortization				(394,000)		(830,000)
Balance, ending		$ 4,446,000		4,446,000		5,230,000
Sale of branch assets				(390,000)
Acquisition of F&M [Member]
Goodwill, Acquired During Period	28,200,000					28,245,000
Balance, ending		28,245,000		28,245,000
Balance, beginning	$ 11,144,000			39,389,000	11,144,000	11,144,000
Balance, beginning				5,230,000
Amortization		(195,000)	$ (207,000)	(394,000)	$ (415,000)
Balance, ending		39,389,000		39,389,000		39,389,000
Balance, ending		$ 4,446,000		$ 4,446,000		$ 5,230,000

Note 3 - Estimated Aggregate Fu

Note 3 - Estimated Aggregate Future Amortization Expense for Core Deposit Intangibles (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Remaining 2,016	$ 391,000
2,017	781,000
2,018	781,000
2,019	781,000
2,020	744,000
Thereafter	968,000
Total	$ 4,446,000	$ 5,230,000

Note 4 - Securities (Details Te

Note 4 - Securities (Details Textual) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
Note 4 - Securities (Details Textual) - USD ($)	Jun. 30, 2016	Mar. 31, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Stockholders' Equity, Total [Member] \| Securities Concentration Risk [Member]
Concentration Risk, Percentage			0.00%		0.00%
Acquisition of F&M [Member]
Proceeds from Sale of Available-for-sale Securities		$ 15,000,000
Available-for-sale Securities, Gross Realized Gain (Loss)	$ 0		$ 0
Proceeds from Sale of Available-for-sale Securities				$ 14,748,000
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net			0
Security Owned and Pledged as Collateral, Fair Value	$ 4,900,000		$ 4,900,000		$ 4,900,000

Note 4 - Amortized Cost and Fai

Note 4 - Amortized Cost and Fair Value of Investment Securities (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
US Government Agencies Debt Securities [Member]
Available-for-sale Securities, Amortized Cost	$ 8,708,000	$ 8,674,000
Available-for-sale Securities, Gross Unrealized Gains	656,000	412,000
Available-for-sale Securities, Gross Unrealized Losses
Total	9,364,000	9,086,000
US States and Political Subdivisions Debt Securities [Member]
Available-for-sale Securities, Amortized Cost	209,540,000	123,809,000
Available-for-sale Securities, Gross Unrealized Gains	8,953,000	2,575,000
Available-for-sale Securities, Gross Unrealized Losses		(35,000)
Total	218,493,000	126,349,000
Agency Mortgage-backed Pass-through Securities [Member]
Available-for-sale Securities, Amortized Cost	26,556,000	29,511,000
Available-for-sale Securities, Gross Unrealized Gains	651,000	397,000
Available-for-sale Securities, Gross Unrealized Losses	(102,000)	(246,000)
Total	27,105,000	29,662,000
Corporate Debt Securities [Member]
Available-for-sale Securities, Amortized Cost	48,121,000
Available-for-sale Securities, Gross Unrealized Gains	401,000
Available-for-sale Securities, Gross Unrealized Losses	(21,000)
Total	48,501,000
Available-for-sale Securities, Amortized Cost	292,925,000	161,994,000
Available-for-sale Securities, Gross Unrealized Gains	10,661,000	3,384,000
Available-for-sale Securities, Gross Unrealized Losses	(123,000)	(281,000)
Total	$ 303,463,000	$ 165,097,000

Note 4 - Amortized Cost and F43

Note 4 - Amortized Cost and Fair Value of Investment Securities by Contractual Maturity (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Due in one year or less	$ 5,090,000
Due in one year or less	5,110,000
Due after one year through five years	67,854,000
Due after one year through five years	68,636,000
Due after five years through ten years	74,430,000
Due after five years through ten years	77,123,000
Due after ten years	118,995,000
Due after ten years	125,489,000
Subtotal	266,369,000
Subtotal	276,358,000
Agency mortgage-backed pass through securities	26,556,000
Agency mortgage-backed pass through securities	27,105,000
Total	292,925,000
Total	$ 303,463,000	$ 165,097,000

Note 4 - Securities in a Contin

Note 4 - Securities in a Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
US Government Agencies Debt Securities [Member]
Securities in a Continuous Unrealized Loss Position, Less than 12 months, Estimated Fair Value
Securities in a Continuous Unrealized Loss Position, Less than 12 Months, Unrealized Losses
Securities in a Continuous Unrealized Loss Position, More than 12 Months, Estimated Fair Value
Securities in a Continuous Unrealized Loss Position, More than 12 Months Unrealized Losses
Securities in a Continuous Unrealized Loss Position, Total Estimated Fair Value
Securities in a Continuous Unrealized Loss Position, Total Unrealized Losses
Securities in a Continuous Unrealized Loss Position, Less than 12 Months, Unrealized Losses
Securities in a Continuous Unrealized Loss Position, More than 12 Months Unrealized Losses
Securities in a Continuous Unrealized Loss Position, Total Unrealized Losses
US States and Political Subdivisions Debt Securities [Member]
Securities in a Continuous Unrealized Loss Position, Less than 12 months, Estimated Fair Value	229	6,867
Securities in a Continuous Unrealized Loss Position, Less than 12 Months, Unrealized Losses		(30)
Securities in a Continuous Unrealized Loss Position, More than 12 Months, Estimated Fair Value	185	298
Securities in a Continuous Unrealized Loss Position, More than 12 Months Unrealized Losses		(5)
Securities in a Continuous Unrealized Loss Position, Total Estimated Fair Value	414	7,165
Securities in a Continuous Unrealized Loss Position, Total Unrealized Losses		(35)
Securities in a Continuous Unrealized Loss Position, Less than 12 Months, Unrealized Losses		(30)
Securities in a Continuous Unrealized Loss Position, More than 12 Months Unrealized Losses		(5)
Securities in a Continuous Unrealized Loss Position, Total Unrealized Losses		(35)
Agency Mortgage-backed Pass-through Securities [Member]
Securities in a Continuous Unrealized Loss Position, Less than 12 months, Estimated Fair Value	826	4,952
Securities in a Continuous Unrealized Loss Position, Less than 12 Months, Unrealized Losses	(4)	(36)
Securities in a Continuous Unrealized Loss Position, More than 12 Months, Estimated Fair Value	6,841	9,519
Securities in a Continuous Unrealized Loss Position, More than 12 Months Unrealized Losses	(98)	(210)
Securities in a Continuous Unrealized Loss Position, Total Estimated Fair Value	7,667	14,471
Securities in a Continuous Unrealized Loss Position, Total Unrealized Losses	(102)	(246)
Securities in a Continuous Unrealized Loss Position, Less than 12 Months, Unrealized Losses	(4)	(36)
Securities in a Continuous Unrealized Loss Position, More than 12 Months Unrealized Losses	(98)	(210)
Securities in a Continuous Unrealized Loss Position, Total Unrealized Losses	(102)	(246)
Corporate Debt Securities [Member]
Securities in a Continuous Unrealized Loss Position, Less than 12 months, Estimated Fair Value	7,752
Securities in a Continuous Unrealized Loss Position, Less than 12 Months, Unrealized Losses	(21)
Securities in a Continuous Unrealized Loss Position, More than 12 Months, Estimated Fair Value
Securities in a Continuous Unrealized Loss Position, More than 12 Months Unrealized Losses
Securities in a Continuous Unrealized Loss Position, Total Estimated Fair Value	7,752
Securities in a Continuous Unrealized Loss Position, Total Unrealized Losses	(21)
Securities in a Continuous Unrealized Loss Position, Less than 12 Months, Unrealized Losses	(21)
Securities in a Continuous Unrealized Loss Position, More than 12 Months Unrealized Losses
Securities in a Continuous Unrealized Loss Position, Total Unrealized Losses	(21)
Securities in a Continuous Unrealized Loss Position, Less than 12 months, Estimated Fair Value	8,807	11,819
Securities in a Continuous Unrealized Loss Position, Less than 12 Months, Unrealized Losses	(25)	(66)
Securities in a Continuous Unrealized Loss Position, More than 12 Months, Estimated Fair Value	7,026	9,817
Securities in a Continuous Unrealized Loss Position, More than 12 Months Unrealized Losses	(98)	(215)
Securities in a Continuous Unrealized Loss Position, Total Estimated Fair Value	15,833	21,636
Securities in a Continuous Unrealized Loss Position, Total Unrealized Losses	(123)	(281)
Securities in a Continuous Unrealized Loss Position, Less than 12 Months, Unrealized Losses	(25)	(66)
Securities in a Continuous Unrealized Loss Position, More than 12 Months Unrealized Losses	(98)	(215)
Securities in a Continuous Unrealized Loss Position, Total Unrealized Losses	$ (123)	$ (281)

Note 5 - Loans and Allowance 45

Note 5 - Loans and Allowance for Loan Losses (Details Textual)		6 Months Ended		12 Months Ended
		Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Dec. 31, 2015USD ($)
Former F&M Bancshares Locations [Member] \| Central Texas [Member] \| Commercial Portfolio Segment [Member]
Loans Receivable Held-for-sale, Amount				$ 13,200,000
Former F&M Bancshares Locations [Member] \| Central Texas [Member] \| Commercial Real Estate Portfolio Segment [Member] \| Commercial Real Estate Including Multi-family Residential but Not Construction and Land Development [Member]
Loans Receivable Held-for-sale, Amount				11,600,000
Former F&M Bancshares Locations [Member] \| Central Texas [Member] \| Commercial Real Estate Portfolio Segment [Member] \| 1-4 Family Residential Including Home Equity [Member]
Loans Receivable Held-for-sale, Amount				2,300,000
Former F&M Bancshares Locations [Member] \| Central Texas [Member] \| Consumer Portfolio Segment [Member]
Loans Receivable Held-for-sale, Amount				$ 803,000
Former F&M Bancshares Locations [Member] \| Central Texas [Member]
Number of Branches at Which Loans are Held-for-sale				2
Commercial Portfolio Segment [Member]
Impaired Financing Receivable, Average Recorded Investment		$ 5,959,000		$ 5,738,000
Impaired Financing Receivable, Interest Income, Accrual Method		164,000		309,000
Consumer Portfolio Segment [Member]
Impaired Financing Receivable, Average Recorded Investment		38,000		123,000
Impaired Financing Receivable, Interest Income, Accrual Method		$ 1,000		9,000
Financing Receivable, Modifications, Subsequent Default, Number of Contracts		0	0
Loans and Leases Receivable, Impaired, Commitment to Lend		$ 0		0
Loans Receivable Held-for-sale, Amount	[1]			27,887,000
Impaired Financing Receivable, Average Recorded Investment		17,829,000	$ 7,100,000	12,064,000
Impaired Financing Receivable, Interest Income, Accrual Method		395,000	$ 186,000	693,000
Financing Receivable, Modifications, Recorded Investment		11,700,000		3,100,000
Allowance for Credit Losses, Change in Method of Calculating Impairment		$ 642,000		$ 681,000

[1]	Consisted of loans at two former F&M Bancshares locations acquired in 2015 and sold during the first quarter of 2016. At December 31, 2015, loans held for sale consisted of $13.2 million of commercial and industrial loans, $11.6 million of commercial real estate (including multi-family residential) loans, $2.3 million of 1-4 family residential (including home equity) loans and $803 thousand of consumer and other loans. Loans held for sale were carried at lower of aggregate cost or fair value.

Note 5 - Loan Portfolio (Detail

Note 5 - Loan Portfolio (Details) - USD ($)		Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014
Commercial Portfolio Segment [Member]
Loans held for investment		$ 382,795,000		$ 383,044,000
Less: allowance for loan losses		(4,105,000)	$ (4,057,000)	(3,644,000)	$ (2,905,000)	$ (2,960,000)	$ (2,334,000)
Mortgage Warehouse Portfolio Segment [Member]
Loans held for investment		75,554,000		59,071,000
Less: allowance for loan losses
Real Estate Porfolio Segment [Member] \| Commercial Real Estate Including Multi-family Residential but Not Construction and Land Development [Member]
Loans held for investment		806,771,000		745,595,000
Real Estate Porfolio Segment [Member] \| Commercial Real Estate Construction and Land Development [Member]
Loans held for investment		161,572,000		154,646,000
Real Estate Porfolio Segment [Member] \| 1-4 Family Residential Including Home Equity [Member]
Loans held for investment		214,442,000		205,200,000
Real Estate Porfolio Segment [Member] \| Residential Construction [Member]
Loans held for investment		101,677,000		93,848,000
Consumer Portfolio Segment [Member]
Loans held for investment		10,872,000		11,761,000
Less: allowance for loan losses		(69,000)	(70,000)	(67,000)	(67,000)	(57,000)	(52,000)
Loans held for sale	[1]			27,887,000
Loans held for investment		1,753,683,000		1,653,165,000
Total loans		1,753,683,000		1,681,052,000
Less: allowance for loan losses		(14,917,000)	$ (13,757,000)	(13,098,000)	$ (10,312,000)	$ (8,940,000)	$ (8,246,000)
Loans, net		$ 1,738,766,000		$ 1,667,954,000

[1]	Consisted of loans at two former F&M Bancshares locations acquired in 2015 and sold during the first quarter of 2016. At December 31, 2015, loans held for sale consisted of $13.2 million of commercial and industrial loans, $11.6 million of commercial real estate (including multi-family residential) loans, $2.3 million of 1-4 family residential (including home equity) loans and $803 thousand of consumer and other loans. Loans held for sale were carried at lower of aggregate cost or fair value.

Note 5 - Aging Analysis of the

Note 5 - Aging Analysis of the Recorded Investment in Past Due Loans (Details) - USD ($) $ in Thousands		Jun. 30, 2016	Dec. 31, 2015
Commercial Portfolio Segment [Member] \| Financing Receivables, 30 to 89 Days Past Due [Member]
Loans past due and still accruing, held for investment		$ 956	$ 1,474
Commercial Portfolio Segment [Member] \| Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Loans past due and still accruing, held for investment
Commercial Portfolio Segment [Member]
Loans past due and still accruing, held for investment		956	1,474
Nonaccrual loans held for investment		2,723	2,664
Current loans held for investment		379,116	378,906
Loans held for investment		382,795	383,044
Mortgage Warehouse Portfolio Segment [Member] \| Financing Receivables, 30 to 89 Days Past Due [Member]
Loans past due and still accruing, held for investment
Mortgage Warehouse Portfolio Segment [Member] \| Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Loans past due and still accruing, held for investment
Nonaccrual loans held for investment
Mortgage Warehouse Portfolio Segment [Member]
Loans past due and still accruing, held for investment
Nonaccrual loans held for investment
Current loans held for investment		75,554	59,071
Loans held for investment		75,554	59,071
Real Estate Porfolio Segment [Member] \| Financing Receivables, 30 to 89 Days Past Due [Member] \| Commercial Real Estate Including Multi-family Residential but Not Construction and Land Development [Member]
Loans past due and still accruing, held for investment		628	1,866
Real Estate Porfolio Segment [Member] \| Financing Receivables, 30 to 89 Days Past Due [Member] \| Commercial Real Estate Construction and Land Development [Member]
Loans past due and still accruing, held for investment		890	77
Real Estate Porfolio Segment [Member] \| Financing Receivables, 30 to 89 Days Past Due [Member] \| 1-4 Family Residential Including Home Equity [Member]
Loans past due and still accruing, held for investment		213	1,904
Real Estate Porfolio Segment [Member] \| Financing Receivables, 30 to 89 Days Past Due [Member] \| Residential Construction [Member]
Loans past due and still accruing, held for investment
Real Estate Porfolio Segment [Member] \| Financing Receivables, Equal to Greater than 90 Days Past Due [Member] \| Commercial Real Estate Including Multi-family Residential but Not Construction and Land Development [Member]
Loans past due and still accruing, held for investment
Nonaccrual loans held for investment
Real Estate Porfolio Segment [Member] \| Financing Receivables, Equal to Greater than 90 Days Past Due [Member] \| Commercial Real Estate Construction and Land Development [Member]
Loans past due and still accruing, held for investment
Real Estate Porfolio Segment [Member] \| Financing Receivables, Equal to Greater than 90 Days Past Due [Member] \| 1-4 Family Residential Including Home Equity [Member]
Loans past due and still accruing, held for investment
Real Estate Porfolio Segment [Member] \| Financing Receivables, Equal to Greater than 90 Days Past Due [Member] \| Residential Construction [Member]
Loans past due and still accruing, held for investment
Real Estate Porfolio Segment [Member] \| Commercial Real Estate Including Multi-family Residential but Not Construction and Land Development [Member]
Loans past due and still accruing, held for investment		628	1,866
Nonaccrual loans held for investment		4,141	2,006
Current loans held for investment		802,002	741,723
Loans held for investment		806,771	745,595
Real Estate Porfolio Segment [Member] \| Commercial Real Estate Construction and Land Development [Member]
Loans past due and still accruing, held for investment		890	77
Nonaccrual loans held for investment
Current loans held for investment		160,682	154,569
Loans held for investment		161,572	154,646
Real Estate Porfolio Segment [Member] \| 1-4 Family Residential Including Home Equity [Member]
Loans past due and still accruing, held for investment		213	1,904
Nonaccrual loans held for investment		227	239
Current loans held for investment		214,002	203,057
Loans held for investment		214,442	205,200
Real Estate Porfolio Segment [Member] \| Residential Construction [Member]
Loans past due and still accruing, held for investment
Nonaccrual loans held for investment
Current loans held for investment		101,677	93,848
Loans held for investment		101,677	93,848
Consumer Portfolio Segment [Member] \| Financing Receivables, 30 to 89 Days Past Due [Member]
Loans past due and still accruing, held for investment			36
Consumer Portfolio Segment [Member] \| Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Loans past due and still accruing, held for investment
Consumer Portfolio Segment [Member]
Loans past due and still accruing, held for investment			36
Nonaccrual loans held for investment		33	66
Current loans held for investment		10,839	11,659
Loans held for investment		10,872	11,761
Financing Receivables, 30 to 89 Days Past Due [Member]
Loans past due and still accruing, held for investment			5,357
Loans past due and still accruing, including both held for sale and held for investment		2,687	5,896
Loans held for sale			539
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Loans past due and still accruing, held for investment
Loans past due and still accruing, including both held for sale and held for investment
Loans held for sale
Loans past due and still accruing, held for investment			5,357
Nonaccrual loans held for investment		7,124	4,975
Current loans held for investment		1,743,872	1,642,833
Loans held for investment		1,753,683	1,653,165
Loans past due and still accruing, including both held for sale and held for investment		2,687	5,896
Loans held for sale			539
Loans held for sale			209
Loans held for sale			27,139
Loans Receivable Held-for-sale, Amount	[1]		27,887
Nonaccrual loans, including both held for sale and held for investment			5,184
Total loans			1,669,972
Total loans		$ 1,753,683	$ 1,681,052

[1]	Consisted of loans at two former F&M Bancshares locations acquired in 2015 and sold during the first quarter of 2016. At December 31, 2015, loans held for sale consisted of $13.2 million of commercial and industrial loans, $11.6 million of commercial real estate (including multi-family residential) loans, $2.3 million of 1-4 family residential (including home equity) loans and $803 thousand of consumer and other loans. Loans held for sale were carried at lower of aggregate cost or fair value.

Note 5 - Impaired Loans by Loan

Note 5 - Impaired Loans by Loan Class (Details) - USD ($)	6 Months Ended		12 Months Ended
Note 5 - Impaired Loans by Loan Class (Details) - USD ($)	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Commercial Portfolio Segment [Member]
With no related allowance recorded:
Recorded investment with no related allowance recorded	$ 3,037,000		$ 3,842,000
Unpaid principal balance with no related allowance recorded	3,782,000		4,216,000
Average recorded investment with no related allowance recorded	3,548,000		3,698,000
Interest income recognized with no related allowance recorded	98,000		222,000
With an allowance recorded:
Impaired Financing Receivable, with Related Allowance, Recorded Investment	2,365,000		1,573,000
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	2,365,000		1,573,000
Impaired Financing Receivable, Related Allowance	936,000		670,000
Average recorded investment with an allowance recorded	2,411,000		2,040,000
Interest income recognized with an allowance recorded	66,000		87,000
Total:
Recorded investment	5,402,000		5,415,000
Unpaid principal balance	6,147,000		5,789,000
Impaired Financing Receivable, Related Allowance	936,000		670,000
Impaired Financing Receivable, Average Recorded Investment	5,959,000		5,738,000
Impaired Financing Receivable, Interest Income, Accrual Method	164,000		309,000
Interest income recognized with an allowance recorded	66,000		87,000
Real Estate Porfolio Segment [Member] \| Commercial Real Estate Including Multi-family Residential but Not Construction and Land Development [Member]
With no related allowance recorded:
Recorded investment with no related allowance recorded	11,154,000		4,700,000
Unpaid principal balance with no related allowance recorded	11,240,000		4,700,000
Average recorded investment with no related allowance recorded	11,599,000		4,833,000
Interest income recognized with no related allowance recorded	222,000		285,000
With an allowance recorded:
Impaired Financing Receivable, with Related Allowance, Recorded Investment			1,146,000
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance			1,146,000
Impaired Financing Receivable, Related Allowance			180,000
Average recorded investment with an allowance recorded			1,122,000
Interest income recognized with an allowance recorded	222,000		77,000
Total:
Recorded investment	11,154,000		5,846,000
Unpaid principal balance	11,240,000		5,846,000
Impaired Financing Receivable, Related Allowance			180,000
Impaired Financing Receivable, Average Recorded Investment	11,599,000		5,955,000
Impaired Financing Receivable, Interest Income, Accrual Method			362,000
Interest income recognized with an allowance recorded	222,000		77,000
Real Estate Porfolio Segment [Member] \| 1-4 Family Residential Including Home Equity [Member]
With no related allowance recorded:
Recorded investment with no related allowance recorded	227,000		239,000
Unpaid principal balance with no related allowance recorded	227,000		239,000
Average recorded investment with no related allowance recorded	233,000		248,000
Interest income recognized with no related allowance recorded	8,000		13,000
Total:
Recorded investment	227,000		239,000
Unpaid principal balance	227,000		239,000
Impaired Financing Receivable, Average Recorded Investment	233,000		248,000
Impaired Financing Receivable, Interest Income, Accrual Method	8,000		13,000
Consumer Portfolio Segment [Member]
With no related allowance recorded:
Recorded investment with no related allowance recorded	11,000		82,000
Unpaid principal balance with no related allowance recorded	11,000		97,000
Average recorded investment with no related allowance recorded	13,000		102,000
Interest income recognized with no related allowance recorded			8,000
With an allowance recorded:
Impaired Financing Receivable, with Related Allowance, Recorded Investment	22,000		19,000
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	22,000		19,000
Impaired Financing Receivable, Related Allowance	13,000		9,000
Average recorded investment with an allowance recorded	25,000		21,000
Interest income recognized with an allowance recorded	1,000		1,000
Total:
Recorded investment	33,000		101,000
Unpaid principal balance	33,000		116,000
Impaired Financing Receivable, Related Allowance	13,000		9,000
Impaired Financing Receivable, Average Recorded Investment	38,000		123,000
Impaired Financing Receivable, Interest Income, Accrual Method	1,000		9,000
Interest income recognized with an allowance recorded	1,000		1,000
Recorded investment with no related allowance recorded	14,429,000		8,863,000
Unpaid principal balance with no related allowance recorded	15,260,000		9,252,000
Average recorded investment with no related allowance recorded	15,393,000		8,881,000
Interest income recognized with no related allowance recorded	328,000		528,000
Impaired Financing Receivable, with Related Allowance, Recorded Investment	2,387,000		2,738,000
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	2,387,000		2,738,000
Impaired Financing Receivable, Related Allowance	949,000		859,000
Average recorded investment with an allowance recorded	2,436,000		3,183,000
Interest income recognized with an allowance recorded	67,000		165,000
Recorded investment	16,816,000		11,601,000
Unpaid principal balance	17,647,000		11,990,000
Impaired Financing Receivable, Related Allowance	949,000		859,000
Impaired Financing Receivable, Average Recorded Investment	17,829,000	$ 7,100,000	12,064,000
Impaired Financing Receivable, Interest Income, Accrual Method	395,000	$ 186,000	693,000
Interest income recognized with an allowance recorded	$ 67,000		$ 165,000

Note 5 - Risk Category of Loans

Note 5 - Risk Category of Loans by Class (Details) - USD ($) $ in Thousands		Jun. 30, 2016	Dec. 31, 2015
Commercial Portfolio Segment [Member] \| Pass [Member]
Loans held for investment		$ 358,753	$ 366,479
Commercial Portfolio Segment [Member] \| Watch [Member]
Loans held for investment		2,683	8,094
Commercial Portfolio Segment [Member] \| Special Mention [Member]
Loans held for investment		7,001	1,253
Commercial Portfolio Segment [Member] \| Substandard [Member]
Loans held for investment		14,358	7,218
Commercial Portfolio Segment [Member] \| Doubtful [Member]
Loans held for investment
Commercial Portfolio Segment [Member]
Loans held for investment		382,795	383,044
Mortgage Warehouse Portfolio Segment [Member] \| Pass [Member]
Loans held for investment		75,554	59,071
Mortgage Warehouse Portfolio Segment [Member] \| Watch [Member]
Loans held for investment
Mortgage Warehouse Portfolio Segment [Member] \| Special Mention [Member]
Loans held for investment
Mortgage Warehouse Portfolio Segment [Member] \| Substandard [Member]
Loans held for investment
Mortgage Warehouse Portfolio Segment [Member] \| Doubtful [Member]
Loans held for investment
Mortgage Warehouse Portfolio Segment [Member]
Loans held for investment		75,554	59,071
Real Estate Porfolio Segment [Member] \| Pass [Member] \| Commercial Real Estate Including Multi-family Residential but Not Construction and Land Development [Member]
Loans held for investment		766,685	721,781
Real Estate Porfolio Segment [Member] \| Pass [Member] \| Commercial Real Estate Construction and Land Development [Member]
Loans held for investment		152,267	152,380
Real Estate Porfolio Segment [Member] \| Pass [Member] \| 1-4 Family Residential Including Home Equity [Member]
Loans held for investment		210,009	200,262
Real Estate Porfolio Segment [Member] \| Pass [Member] \| Residential Construction [Member]
Loans held for investment		101,677	93,848
Real Estate Porfolio Segment [Member] \| Watch [Member] \| Commercial Real Estate Including Multi-family Residential but Not Construction and Land Development [Member]
Loans held for investment		7,620	7,186
Real Estate Porfolio Segment [Member] \| Watch [Member] \| Commercial Real Estate Construction and Land Development [Member]
Loans held for investment		7,410	1,846
Real Estate Porfolio Segment [Member] \| Watch [Member] \| 1-4 Family Residential Including Home Equity [Member]
Loans held for investment		300	2,385
Real Estate Porfolio Segment [Member] \| Watch [Member] \| Residential Construction [Member]
Loans held for investment
Real Estate Porfolio Segment [Member] \| Special Mention [Member] \| Commercial Real Estate Including Multi-family Residential but Not Construction and Land Development [Member]
Loans held for investment		5,378	790
Real Estate Porfolio Segment [Member] \| Special Mention [Member] \| Commercial Real Estate Construction and Land Development [Member]
Loans held for investment
Real Estate Porfolio Segment [Member] \| Special Mention [Member] \| 1-4 Family Residential Including Home Equity [Member]
Loans held for investment		2,054	390
Real Estate Porfolio Segment [Member] \| Special Mention [Member] \| Residential Construction [Member]
Loans held for investment
Real Estate Porfolio Segment [Member] \| Substandard [Member] \| Commercial Real Estate Including Multi-family Residential but Not Construction and Land Development [Member]
Loans held for investment		27,088	15,838
Real Estate Porfolio Segment [Member] \| Substandard [Member] \| Commercial Real Estate Construction and Land Development [Member]
Loans held for investment		1,895	420
Real Estate Porfolio Segment [Member] \| Substandard [Member] \| 1-4 Family Residential Including Home Equity [Member]
Loans held for investment		2,079	2,163
Real Estate Porfolio Segment [Member] \| Substandard [Member] \| Residential Construction [Member]
Loans held for investment
Real Estate Porfolio Segment [Member] \| Doubtful [Member] \| Commercial Real Estate Including Multi-family Residential but Not Construction and Land Development [Member]
Loans held for investment
Real Estate Porfolio Segment [Member] \| Doubtful [Member] \| Commercial Real Estate Construction and Land Development [Member]
Loans held for investment
Real Estate Porfolio Segment [Member] \| Doubtful [Member] \| 1-4 Family Residential Including Home Equity [Member]
Loans held for investment
Real Estate Porfolio Segment [Member] \| Doubtful [Member] \| Residential Construction [Member]
Loans held for investment
Real Estate Porfolio Segment [Member] \| Commercial Real Estate Including Multi-family Residential but Not Construction and Land Development [Member]
Loans held for investment		806,771	745,595
Real Estate Porfolio Segment [Member] \| Commercial Real Estate Construction and Land Development [Member]
Loans held for investment		161,572	154,646
Real Estate Porfolio Segment [Member] \| 1-4 Family Residential Including Home Equity [Member]
Loans held for investment		214,442	205,200
Real Estate Porfolio Segment [Member] \| Residential Construction [Member]
Loans held for investment		101,677	93,848
Consumer Portfolio Segment [Member] \| Pass [Member]
Loans held for investment		10,480	11,522
Consumer Portfolio Segment [Member] \| Watch [Member]
Loans held for investment		262	155
Consumer Portfolio Segment [Member] \| Special Mention [Member]
Loans held for investment		3	18
Consumer Portfolio Segment [Member] \| Substandard [Member]
Loans held for investment		127	66
Consumer Portfolio Segment [Member] \| Doubtful [Member]
Loans held for investment
Consumer Portfolio Segment [Member]
Loans held for investment		10,872	11,761
Pass [Member]
Loans held for investment			1,605,343
Total loans		1,675,425	1,631,913
Loans Receivable Held-for-sale, Amount			26,570
Watch [Member]
Loans held for investment			19,666
Total loans		18,275	20,143
Loans Receivable Held-for-sale, Amount			477
Special Mention [Member]
Loans held for investment			2,451
Total loans		14,436	2,470
Loans Receivable Held-for-sale, Amount			19
Substandard [Member]
Loans held for investment			25,705
Total loans		45,547	26,526
Loans Receivable Held-for-sale, Amount			821
Doubtful [Member]
Loans held for investment
Total loans
Loans Receivable Held-for-sale, Amount
Loans held for investment		1,753,683	1,653,165
Total loans		1,753,683	1,681,052
Loans Receivable Held-for-sale, Amount	[1]		$ 27,887

[1]	Consisted of loans at two former F&M Bancshares locations acquired in 2015 and sold during the first quarter of 2016. At December 31, 2015, loans held for sale consisted of $13.2 million of commercial and industrial loans, $11.6 million of commercial real estate (including multi-family residential) loans, $2.3 million of 1-4 family residential (including home equity) loans and $803 thousand of consumer and other loans. Loans held for sale were carried at lower of aggregate cost or fair value.

Note 5 - Allowance for Loan Los

Note 5 - Allowance for Loan Losses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Dec. 31, 2015
Commercial Portfolio Segment [Member]
Allowance for loan losses:
Balance, beginning of period	$ 4,057	$ 2,960	$ 3,644	$ 2,334
Provision for loan losses	480	(6)	859	614
Charge-offs	(442)	(70)	(443)	(82)
Recoveries	10	21	45	39
Net charge-offs	(432)	(49)	(398)	(43)
Balance, end of period	4,105	2,905	4,105	2,905
Allowance for loan losses related to:
Individually evaluated for impairment					$ 936	$ 670
Collectively evaluated for impairment					3,169	2,974
Total allowance for loan losses	4,057	2,960	4,105	2,905	4,105	3,644
Recorded investment in loans:
Individually evaluated for impairment					5,402	5,415
Collectively evaluated for impairment					377,393	377,629
Total loans evaluated for impairment					382,795	383,044
Mortgage Warehouse Portfolio Segment [Member]
Allowance for loan losses:
Balance, beginning of period
Provision for loan losses
Charge-offs
Recoveries
Net charge-offs
Balance, end of period
Allowance for loan losses related to:
Individually evaluated for impairment
Collectively evaluated for impairment
Total allowance for loan losses
Recorded investment in loans:
Individually evaluated for impairment
Collectively evaluated for impairment					75,554	59,071
Total loans evaluated for impairment					75,554	59,071
Commercial Real Estate Portfolio Segment [Member] \| Commercial Real Estate Including Multi-family Residential but Not Construction and Land Development [Member]
Allowance for loan losses:
Balance, beginning of period	5,905	3,551	5,914	3,799
Provision for loan losses	984	982	1,061	734
Charge-offs	(43)		(129)
Recoveries
Net charge-offs	(43)		(129)
Balance, end of period	6,846	4,533	6,846	4,533
Allowance for loan losses related to:
Individually evaluated for impairment						180
Collectively evaluated for impairment					6,846	5,734
Total allowance for loan losses	5,905	3,551	6,846	4,533	6,846	5,914
Recorded investment in loans:
Individually evaluated for impairment					11,154	5,846
Collectively evaluated for impairment					795,617	739,749
Total loans evaluated for impairment					806,771	745,595
Commercial Real Estate Portfolio Segment [Member] \| Commercial Real Estate Construction and Land Development [Member]
Allowance for loan losses:
Balance, beginning of period	1,352	646	1,221	578
Provision for loan losses	16	196	147	264
Charge-offs
Recoveries
Net charge-offs
Balance, end of period	1,368	842	1,368	842
Allowance for loan losses related to:
Individually evaluated for impairment
Collectively evaluated for impairment					1,368	1,221
Total allowance for loan losses	1,352	646	1,368	842	1,368	1,221
Recorded investment in loans:
Individually evaluated for impairment
Collectively evaluated for impairment					161,572	154,646
Total loans evaluated for impairment					161,572	154,646
Commercial Real Estate Portfolio Segment [Member] \| 1-4 Family Residential Including Home Equity [Member]
Allowance for loan losses:
Balance, beginning of period	1,484	1,130	1,432	1,008
Provision for loan losses	158	125	200	247
Charge-offs
Recoveries			10
Net charge-offs			10
Balance, end of period	1,642	1,255	1,642	1,255
Allowance for loan losses related to:
Individually evaluated for impairment
Collectively evaluated for impairment					1,642	1,432
Total allowance for loan losses	1,484	1,130	1,642	1,255	1,642	1,432
Recorded investment in loans:
Individually evaluated for impairment					227	239
Collectively evaluated for impairment					214,215	204,961
Total loans evaluated for impairment					214,442	205,200
Commercial Real Estate Portfolio Segment [Member] \| Residential Construction [Member]
Allowance for loan losses:
Balance, beginning of period	889	596	820	475
Provision for loan losses	(2)	111	67	213
Charge-offs
Recoveries		3		22
Net charge-offs		3		22
Balance, end of period	887	710	887	710
Allowance for loan losses related to:
Individually evaluated for impairment
Collectively evaluated for impairment					887	820
Total allowance for loan losses	889	596	887	710	887	820
Recorded investment in loans:
Individually evaluated for impairment
Collectively evaluated for impairment					101,677	93,848
Total loans evaluated for impairment					101,677	93,848
Consumer Portfolio Segment [Member]
Allowance for loan losses:
Balance, beginning of period	70	57	67	52
Provision for loan losses	9	12	21	31
Charge-offs	(12)	(2)	(22)	(18)
Recoveries	2		3	2
Net charge-offs	(10)	(2)	(19)	(16)
Balance, end of period	69	67	69	67
Allowance for loan losses related to:
Individually evaluated for impairment					13	9
Collectively evaluated for impairment					56	58
Total allowance for loan losses	70	57	69	67	69	67
Recorded investment in loans:
Individually evaluated for impairment					33	101
Collectively evaluated for impairment					10,839	11,660
Total loans evaluated for impairment					10,872	11,761
Balance, beginning of period	13,757	8,940	13,098	8,246
Provision for loan losses	1,645	1,420	2,355	2,103
Charge-offs	(497)	(72)	(594)	(100)
Recoveries	12	24	58	63
Net charge-offs	(485)	(48)	(536)	(37)
Balance, end of period	14,917	10,312	14,917	10,312
Individually evaluated for impairment					949	859
Collectively evaluated for impairment					13,968	12,239
Total allowance for loan losses	$ 13,757	$ 8,940	$ 14,917	$ 10,312	14,917	13,098
Individually evaluated for impairment					16,816	11,601
Collectively evaluated for impairment					1,736,867	1,641,564
Total loans evaluated for impairment					$ 1,753,683	$ 1,653,165

Note 5 - Loans Modified in a Tr

Note 5 - Loans Modified in a Troubled Debt Restructuring (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)
Commercial Portfolio Segment [Member]
Number of Contracts	12	3
Pre-Modification of Outstanding Recorded Investment	$ 2,931	$ 2,049
Post-Modification of Outstanding Recorded Investment	$ 2,931	$ 2,043
Real Estate Porfolio Segment [Member] \| Commercial Real Estate Including Multi-family Residential but Not Construction and Land Development [Member]
Number of Contracts	6
Pre-Modification of Outstanding Recorded Investment	$ 6,250
Post-Modification of Outstanding Recorded Investment	$ 6,250
Real Estate Porfolio Segment [Member] \| Commercial Real Estate Construction and Land Development [Member]
Number of Contracts
Pre-Modification of Outstanding Recorded Investment
Post-Modification of Outstanding Recorded Investment
Real Estate Porfolio Segment [Member] \| 1-4 Family Residential Including Home Equity [Member]
Number of Contracts
Pre-Modification of Outstanding Recorded Investment
Post-Modification of Outstanding Recorded Investment
Real Estate Porfolio Segment [Member] \| Residential Construction [Member]
Number of Contracts
Pre-Modification of Outstanding Recorded Investment
Post-Modification of Outstanding Recorded Investment
Consumer Portfolio Segment [Member]
Number of Contracts	1
Pre-Modification of Outstanding Recorded Investment	$ 7
Post-Modification of Outstanding Recorded Investment	$ 7
Number of Contracts	19	3
Pre-Modification of Outstanding Recorded Investment	$ 9,188	$ 2,049
Post-Modification of Outstanding Recorded Investment	$ 9,188	$ 2,043

Note 6 - Fair Value (Details Te

Note 6 - Fair Value (Details Textual) - USD ($)	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015
Fair Value, Inputs, Level 3 [Member]
Impaired Financing Receivable, with Related Allowance, Recorded Investment	$ 1,400,000		$ 1,900,000
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	2,400,000		2,700,000
Impaired Financing Receivable, Related Allowance	949,000		859,000
Liabilities, Fair Value Disclosure, Recurring		$ 0	0
Real Estate Acquired Through Foreclosure	1,397,000	$ 1,400,000	0
Impaired Financing Receivable, with Related Allowance, Recorded Investment	2,387,000		2,738,000
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	2,387,000		2,738,000
Impaired Financing Receivable, Related Allowance	$ 949,000		$ 859,000

Note 6 - Carrying Amounts and E

Note 6 - Carrying Amounts and Estimated Fair Values of Financial Instruments (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Reported Value Measurement [Member]
Cash and cash equivalents	$ 210,863,000	$ 148,431,000
Total	303,463,000	165,097,000
Loans held for investment, net of allowance	1,738,766,000	1,640,067,000
Accrued interest receivable	7,969,000	6,518,000
Total deposits	1,843,339,000	1,759,133,000
Accrued interest payable	223,000	124,000
Short-term borrowings	30,000,000	50,000,000
Other borrowed funds	200,569,000	569,000
Subordinated debentures	9,142,000	9,089,000
Loans held for sale		27,887,000
Estimate of Fair Value Measurement [Member] \| Fair Value, Inputs, Level 1 [Member]
Cash and cash equivalents	210,863,000	148,431,000
Total
Loans held for investment, net of allowance
Accrued interest receivable	7,000
Total deposits
Accrued interest payable
Short-term borrowings
Other borrowed funds
Subordinated debentures
Loans held for sale
Estimate of Fair Value Measurement [Member] \| Fair Value, Inputs, Level 2 [Member]
Cash and cash equivalents
Total	303,463,000	165,097,000
Loans held for investment, net of allowance
Accrued interest receivable	2,766,000	1,780,000
Total deposits	1,846,235,000	1,759,728,000
Accrued interest payable	223,000	124,000
Short-term borrowings	30,000,000	50,000,000
Other borrowed funds	200,569,000	569,000
Subordinated debentures	9,142,000	9,089,000
Loans held for sale
Estimate of Fair Value Measurement [Member] \| Fair Value, Inputs, Level 3 [Member]
Cash and cash equivalents
Total
Loans held for investment, net of allowance	1,743,626,000	1,641,862,000
Accrued interest receivable	5,196,000	4,738,000
Total deposits
Accrued interest payable
Short-term borrowings
Other borrowed funds
Subordinated debentures
Loans held for sale		27,887,000
Estimate of Fair Value Measurement [Member]
Cash and cash equivalents	210,863,000	148,431,000
Total	303,463,000	165,097,000
Loans held for investment, net of allowance	1,743,626,000	1,641,862,000
Accrued interest receivable	7,969,000	6,518,000
Total deposits	1,846,235,000	1,759,728,000
Accrued interest payable	223,000	124,000
Short-term borrowings	30,000,000	50,000,000
Other borrowed funds	200,569,000	569,000
Subordinated debentures	9,142,000	9,089,000
Loans held for sale		27,887,000
Total	$ 303,463,000	$ 165,097,000

Note 6 - Fair Values for Assets

Note 6 - Fair Values for Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
US Government Agencies Debt Securities [Member] \| Fair Value, Inputs, Level 1 [Member] \| Fair Value, Measurements, Recurring [Member]
Total
US Government Agencies Debt Securities [Member] \| Fair Value, Inputs, Level 2 [Member] \| Fair Value, Measurements, Recurring [Member]
Total	9,364,000	9,086,000
US Government Agencies Debt Securities [Member] \| Fair Value, Inputs, Level 3 [Member] \| Fair Value, Measurements, Recurring [Member]
Total
US Government Agencies Debt Securities [Member] \| Fair Value, Measurements, Recurring [Member]
Total	9,364,000	9,086,000
US Government Agencies Debt Securities [Member]
Total	9,364,000	9,086,000
US States and Political Subdivisions Debt Securities [Member] \| Fair Value, Inputs, Level 1 [Member] \| Fair Value, Measurements, Recurring [Member]
Total
US States and Political Subdivisions Debt Securities [Member] \| Fair Value, Inputs, Level 2 [Member] \| Fair Value, Measurements, Recurring [Member]
Total	218,493,000	126,349,000
US States and Political Subdivisions Debt Securities [Member] \| Fair Value, Inputs, Level 3 [Member] \| Fair Value, Measurements, Recurring [Member]
Total
US States and Political Subdivisions Debt Securities [Member] \| Fair Value, Measurements, Recurring [Member]
Total	218,493,000	126,349,000
US States and Political Subdivisions Debt Securities [Member]
Total	218,493,000	126,349,000
Agency Mortgage-backed Pass-through Securities [Member] \| Fair Value, Inputs, Level 1 [Member] \| Fair Value, Measurements, Recurring [Member]
Total
Agency Mortgage-backed Pass-through Securities [Member] \| Fair Value, Inputs, Level 2 [Member] \| Fair Value, Measurements, Recurring [Member]
Total	27,105,000	29,662,000
Agency Mortgage-backed Pass-through Securities [Member] \| Fair Value, Inputs, Level 3 [Member] \| Fair Value, Measurements, Recurring [Member]
Total
Agency Mortgage-backed Pass-through Securities [Member] \| Fair Value, Measurements, Recurring [Member]
Total	27,105,000	29,662,000
Agency Mortgage-backed Pass-through Securities [Member]
Total	27,105,000	29,662,000
Corporate Debt Securities [Member] \| Fair Value, Inputs, Level 1 [Member] \| Fair Value, Measurements, Recurring [Member]
Total
Corporate Debt Securities [Member] \| Fair Value, Inputs, Level 2 [Member] \| Fair Value, Measurements, Recurring [Member]
Total	48,501,000
Corporate Debt Securities [Member] \| Fair Value, Inputs, Level 3 [Member] \| Fair Value, Measurements, Recurring [Member]
Total
Corporate Debt Securities [Member] \| Fair Value, Measurements, Recurring [Member]
Total	48,501,000
Corporate Debt Securities [Member]
Total	48,501,000
Fair Value, Inputs, Level 1 [Member] \| Fair Value, Measurements, Recurring [Member]
Total
Fair Value, Inputs, Level 2 [Member] \| Fair Value, Measurements, Recurring [Member]
Total	303,463,000	165,097,000
Fair Value, Inputs, Level 3 [Member] \| Fair Value, Measurements, Recurring [Member]
Total
Fair Value, Measurements, Recurring [Member]
Total	303,463,000	165,097,000
Total	$ 303,463,000	$ 165,097,000

Note 6 - Assets and Liabilities

Note 6 - Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Commercial Portfolio Segment [Member] \| Fair Value, Inputs, Level 1 [Member] \| Fair Value, Measurements, Nonrecurring [Member]
Impaired loans:
Impaired loans receivable, fair value
Commercial Portfolio Segment [Member] \| Fair Value, Inputs, Level 2 [Member] \| Fair Value, Measurements, Nonrecurring [Member]
Impaired loans:
Impaired loans receivable, fair value
Commercial Portfolio Segment [Member] \| Fair Value, Inputs, Level 3 [Member] \| Fair Value, Measurements, Nonrecurring [Member]
Impaired loans:
Impaired loans receivable, fair value	1,429	903
Commercial Real Estate Portfolio Segment [Member] \| Fair Value, Inputs, Level 1 [Member] \| Fair Value, Measurements, Nonrecurring [Member] \| Commercial Real Estate Including Multi-family Residential but Not Construction and Land Development [Member]
Impaired loans:
Impaired loans receivable, fair value
Commercial Real Estate Portfolio Segment [Member] \| Fair Value, Inputs, Level 2 [Member] \| Fair Value, Measurements, Nonrecurring [Member] \| Commercial Real Estate Including Multi-family Residential but Not Construction and Land Development [Member]
Impaired loans:
Impaired loans receivable, fair value
Commercial Real Estate Portfolio Segment [Member] \| Fair Value, Inputs, Level 3 [Member] \| Fair Value, Measurements, Nonrecurring [Member] \| Commercial Real Estate Including Multi-family Residential but Not Construction and Land Development [Member]
Impaired loans:
Impaired loans receivable, fair value		966
Consumer Portfolio Segment [Member] \| Fair Value, Inputs, Level 1 [Member] \| Fair Value, Measurements, Nonrecurring [Member]
Impaired loans:
Impaired loans receivable, fair value
Consumer Portfolio Segment [Member] \| Fair Value, Inputs, Level 2 [Member] \| Fair Value, Measurements, Nonrecurring [Member]
Impaired loans:
Impaired loans receivable, fair value
Consumer Portfolio Segment [Member] \| Fair Value, Inputs, Level 3 [Member] \| Fair Value, Measurements, Nonrecurring [Member]
Impaired loans:
Impaired loans receivable, fair value	9	10
Fair Value, Inputs, Level 1 [Member] \| Fair Value, Measurements, Nonrecurring [Member]
Impaired loans:
Other real estate owned
Fair Value, Inputs, Level 1 [Member]
Impaired loans:

Fair Value, Inputs, Level 2 [Member] \| Fair Value, Measurements, Nonrecurring [Member]
Impaired loans:
Other real estate owned
Fair Value, Inputs, Level 2 [Member]
Impaired loans:

Fair Value, Inputs, Level 3 [Member] \| Fair Value, Measurements, Nonrecurring [Member]
Impaired loans:
Other real estate owned
Fair Value, Inputs, Level 3 [Member]
Impaired loans:
	$ 1,438	$ 1,879

Note 7 - Deposits (Details Text

Note 7 - Deposits (Details Textual) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Time Deposits 250,000 or More	$ 177	$ 164.7

Note 7 - Time Deposits by Matur

Note 7 - Time Deposits by Maturity (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Within one year	$ 424,731,000
After one but within two years	101,392,000
After two but within three years	89,490,000
After three but within four years	13,018,000
After four but within five years	20,855,000
Total	$ 649,486,000	$ 609,682,000

Note 8 - Borrowings (Details Te

Note 8 - Borrowings (Details Textual) - USD ($) $ in Millions	1 Months Ended	6 Months Ended	12 Months Ended
	Oct. 31, 2015	Jun. 30, 2016	Dec. 31, 2015
Federal Home Loan Bank of Dallas [Member] \| Expire in August 2016 [Member]
Letters of Credit Outstanding, Amount		$ 2.5
Federal Home Loan Bank of Dallas [Member] \| Expire in October 2016 [Member]
Letters of Credit Outstanding, Amount		25
Federal Home Loan Bank of Dallas [Member] \| Expire in February 2017 [Member]
Letters of Credit Outstanding, Amount		3
Federal Home Loan Bank of Dallas [Member]
Line of Credit Facility, Maximum Borrowing Capacity		624.2
Line of Credit Facility, Remaining Borrowing Capacity		363.7
Long-term Line of Credit		260.5
Federal Home Loan Bank, Advances, Maturities Summary, Due in Next Twelve Months		$ 30
Federal Home Loan Bank, Advances, Maturities Summary, Average Interest Rate of Amounts Due within One Year of Balance Sheet Date		0.56%
Long-term Federal Home Loan Bank Advances		$ 200
Federal Home Loan Bank, Advances, Maturities Summary, Average Interest Rate, after One Year from Balance Sheet Date		0.36%
Letters of Credit Outstanding, Amount		$ 30.5
Borrowing Agreement [Member] \| Prime Rate [Member]
Debt Instrument, Basis Spread on Variable Rate		(0.25%)
Debt Instrument, Interest Rate, Effective Percentage		3.25%
Increase (Decrease) in Other Borrowings			$ 18
Repayments of Debt	$ 27.5

Note 8 - Scheduled Principal Ma

Note 8 - Scheduled Principal Maturities (Details) $ in Thousands	Jun. 30, 2016USD ($)
Remaining 2,016
2,017
2,018
2,019
2020 and thereafter	569
Total	$ 569

Note 9 - Subordinated Debentu60

Note 9 - Subordinated Debentures (Details Textual) $ in Thousands	6 Months Ended
	Jun. 30, 2016USD ($)
F&M Bancshares. Inc. [Member] \| Junior Subordinated Debt [Member]
Debt Instrument, Face Amount	$ 11,300
Debt Instrument, Fair Value Disclosure	9,100
Debt Instrument, Unamortized Discount	2,500
Junior Subordinated Debt [Member]
Junior Subordinated Debenture Owed to Unconsolidated Subsidiary Trust	$ 11,341
LIBOR Rate at Period End	0.6516%
Debentures, Period Over Which the Company May Defer Interest Payments	5 years
Junior Subordinated Debenture Owed to Unconsolidated Subsidiary Trust	$ 11,300

Note 9 - Summary of Pertinent I

Note 9 - Summary of Pertinent Information Related to Junior Subordinated Debentures (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2016USD ($)
Junior Subordinated Debt [Member] \| Farmers & Merchants Capital Trust II [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Interest Rate	3.00%	[1]
Junior Subordinated Debt [Member] \| Farmers & Merchants Capital Trust II [Member]
Issuance Date	Nov. 13, 2003
Trust Preferred Securities Outstanding	$ 7,500
Junior Subordinated Debt Owed to Trusts	$ 7,732
Maturity Date	Nov. 8, 2033	[2]
Junior Subordinated Debt [Member] \| Farmers & Merchants Capital Trust III [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Interest Rate	1.80%	[1]
Junior Subordinated Debt [Member] \| Farmers & Merchants Capital Trust III [Member]
Issuance Date	Jun. 30, 2005
Trust Preferred Securities Outstanding	$ 3,500
Junior Subordinated Debt Owed to Trusts	$ 3,609
Maturity Date	Jul. 7, 2035	[2]
Junior Subordinated Debt [Member]
Junior Subordinated Debt Owed to Trusts	$ 11,341
Junior Subordinated Debt Owed to Trusts	$ 11,300

[1]	The 3-month LIBOR in effect as of June 30, 2016 was 0.6516%.
[2]	All debentures are currently callable.

Note 10 - Income Taxes (Details

Note 10 - Income Taxes (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
Note 10 - Income Taxes (Details Textual) - USD ($)	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense	$ 0		$ 0	$ 0
Income Tax Expense (Benefit)	$ 2,339,000	$ 1,956,000	$ 5,409,000	$ 3,852,000
Effective Income Tax Rate Reconciliation, Percent	30.80%	33.50%	31.80%	34.40%

Note 11 - Stock Based Compens63

Note 11 - Stock Based Compensation (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period			10 years
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period			4 years
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period			4 years
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period			14,401
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	1,460,000		1,460,000
Allocated Share-based Compensation Expense	$ 354	$ 330	$ 707	$ 642
Share-based Compensation Arrangement by Share-based Payment Award, Option, Cumulative Options Granted Since Inception	1,185,381		1,185,381

Note 11 - Stock Option Plan Act

Note 11 - Stock Option Plan Activity (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Options outstanding, January 1, 2016 (in shares)	969
Options outstanding, January 1, 2016 (in dollars per share)	$ 17.45
Options outstanding, January 1, 2016	6 years 127 days	6 years 226 days
Options outstanding, January 1, 2016	$ 7,113	$ 6,006
Number of Options, Options Granted (in shares)	51
Weighted Average Exercise Price, Options Granted (in dollars per share)	$ 19.64
Number of Options, Options Exercised (in shares)	(25)
Weighted Average Exercise Price, Options Exercised (in dollars per share)	$ 12.68
Number of Options, Options Forfeited (in shares)	(19)
Weighted Average Exercise Price, Options Forfeited (in dollars per share)	$ 21.78
Number of Options, Options Outstanding (in shares)	976	969
Weighted Average Exercise Price, Options Outstanding (in dollars per share)	$ 17.59	$ 17.45
Options vested and exercisable, June 30, 2016 (in shares)	580
Options vested and exercisable, June 30, 2016 (in dollars per share)	$ 15.18
Options vested and exercisable, June 30, 2016	4 years 328 days
Options vested and exercisable, June 30, 2016	$ 5,625

Note 11 - Summary of Restricted

Note 11 - Summary of Restricted Stock Activity (Details) - Restricted Stock [Member]	6 Months Ended
	Jun. 30, 2016$ / sharesshares
Nonvested share awards outstanding, January 1, 2016 (in shares) \| shares	18,000
Nonvested share awards outstanding, January 1, 2016 (in dollars per share) \| $ / shares	$ 19.68
Share awards granted (in shares) \| shares	14,401
Share awards granted (in dollars per share) \| $ / shares	$ 19.71
Share awards vested (in shares) \| shares	(7,000)
Share awards vested (in dollars per share) \| $ / shares	$ 19.06
Nonvested share awards outstanding, June 30, 2016 (in shares) \| shares	25,000
Nonvested share awards outstanding, June 30, 2016 (in dollars per share) \| $ / shares	$ 18.31

Note 12 - Off-balance Sheet A66

Note 12 - Off-balance Sheet Arrangements, Commitments and Contingencies (Details Textual)	6 Months Ended
	Jun. 30, 2016
Minimum [Member]
Off-balance-sheet Fixed Rate Loan Commitments, Interest Rate	1.60%
Maximum [Member]
Off-balance-sheet Fixed Rate Loan Commitments, Interest Rate	7.50%
Weighted Average [Member]
Off-balance-sheet Fixed Rate Loan Commitments, Interest Rate	4.55%
Off-balance-sheet Fixed Rate Loan Commitments, Weighted Average Maturity	1 year 284 days
Commitments to Make Loans, Period	120 days

Note 12 - Contractual Amounts o

Note 12 - Contractual Amounts of Financial Instruments With Off-balance Sheet Risk (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Commitments to Extend Credit [Member]
Off-balance sheet financial instrument, fixed rate, contractual amount	$ 392,810	$ 252,662
Off-balance sheet financial instrument, variable rate, contractual amount	160,272	222,198
Standby Letters of Credit [Member]
Off-balance sheet financial instrument, fixed rate, contractual amount	8,172	9,456
Off-balance sheet financial instrument, variable rate, contractual amount
Off-balance sheet financial instrument, fixed rate, contractual amount	400,982	262,118
Off-balance sheet financial instrument, variable rate, contractual amount	$ 160,272	$ 222,198

Note 13 - Regulatory Capital 68

Note 13 - Regulatory Capital Matters (Details Textual)	Jun. 30, 2016
Capital Conservation Buffer Phase In Amount	0.625%
Capital Conservation Buffer	2.50%

Note 13 - Summary of the Compan

Note 13 - Summary of the Company's and the Bank's Actual and Required Capital Ratios (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Allegiance Bank [Member]
Total Capital (to Risk Weighted Assets)	$ 232,737	$ 219,487
Total Capital (to Risk Weighted Assets)	11.97%	11.96%
Total Capital (to Risk Weighted Assets)	$ 155,590	$ 146,779
Total Capital (to Risk Weighted Assets)	8.00%	8.00%
Common Equity Tier 1 Capital (to Risk Weighted Assets)	$ 217,820	$ 206,389
Common Equity Tier 1 Capital (to Risk Weighted Assets)	11.20%	11.25%
Common Equity Tier 1 Capital (to Risk Weighted Assets)	$ 87,519	$ 82,563
Common Equity Tier 1 Capital (to Risk Weighted Assets)	4.50%	4.50%
Tier I Capital (to Risk Weighted Assets)	$ 217,820	$ 206,389
Tier I Capital (to Risk Weighted Assets)	11.20%	11.25%
Tier I Capital (to Risk Weighted Assets)	$ 116,693	$ 110,084
Tier I Capital (to Risk Weighted Assets)	6.00%	6.00%
Tier I Capital (to Average Tangible Assets)	$ 217,820	$ 206,389
Tier I Capital (to Average Tangible Assets)	9.61%	10.16%
Tier I Capital (to Average Tangible Assets)	$ 90,668	$ 81,291
Tier I Capital (to Average Tangible Assets)	4.00%	4.00%
Total Capital (to Risk Weighted Assets)	$ 194,488	$ 183,474
Total Capital (to Risk Weighted Assets)	10.00%	10.00%
Common Equity Tier 1 Capital (to Risk Weighted Assets)	$ 126,417	$ 119,258
Common Equity Tier 1 Capital (to Risk Weighted Assets)	6.50%	6.50%
Tier I Capital (to Risk Weighted Assets)	$ 155,590	$ 146,779
Tier I Capital (to Risk Weighted Assets)	8.00%	8.00%
Tier I Capital (to Average Tangible Assets)	$ 113,335	$ 101,614
Tier I Capital (to Average Tangible Assets)	5.00%	5.00%
Total Capital (to Risk Weighted Assets)	$ 251,405	$ 237,178
Total Capital (to Risk Weighted Assets)	12.92%	12.92%
Total Capital (to Risk Weighted Assets)	$ 155,639	$ 146,811
Total Capital (to Risk Weighted Assets)	8.00%	8.00%
Common Equity Tier 1 Capital (to Risk Weighted Assets)	$ 227,346	$ 214,991
Common Equity Tier 1 Capital (to Risk Weighted Assets)	11.69%	11.72%
Common Equity Tier 1 Capital (to Risk Weighted Assets)	$ 87,547	$ 82,581
Common Equity Tier 1 Capital (to Risk Weighted Assets)	4.50%	4.50%
Tier I Capital (to Risk Weighted Assets)	$ 236,488	$ 224,080
Tier I Capital (to Risk Weighted Assets)	12.16%	12.21%
Tier I Capital (to Risk Weighted Assets)	$ 116,729	$ 110,109
Tier I Capital (to Risk Weighted Assets)	6.00%	6.00%
Tier I Capital (to Average Tangible Assets)	$ 236,488	$ 224,080
Tier I Capital (to Average Tangible Assets)	10.43%	11.02%
Tier I Capital (to Average Tangible Assets)	$ 90,690	$ 81,315
Tier I Capital (to Average Tangible Assets)	4.00%	4.00%

Note 14 - Earnings Per Common70

Note 14 - Earnings Per Common Share (Details Textual) - shares	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	267,000

Note 14 - Summary of Basic and

Note 14 - Summary of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Net income attributable to common stockholders	$ 5,254	$ 3,623	$ 11,609	$ 6,968
Basic:
Weighted average common shares outstanding (in shares)	12,857	9,825	12,849	9,824
Weighted average common shares outstanding (in dollars per share)	$ 0.41	$ 0.37	$ 0.90	$ 0.71
Diluted:
Dilutive effect of stock option exercises (in shares)	182,000	179,000	154,000	177,000
Total (in shares)	13,039	10,004	13,003	10,001
Total (in dollars per share)	$ 0.40	$ 0.36	$ 0.89	$ 0.70